Tips for Online Furniture Auctions

Tips for Online Furniture Auctions

Whether your business has an office or is an office, one thing is certain – You’re going to need furniture. It’s common for business owners to experience sticker shock when they’re shopping around for new furniture. Prices add up quickly, especially when you’re filling entire rooms. Online furniture auctions are a great way to save some money on items your company will use every day. Whether you need desks, file cabinets, chairs, bookcases or something else, Auction Masters makes it easy to save – especially when you know what to look for.

Set a Budget

It seems obvious: Don’t spend what you can’t afford. The issue arises when business owners get a little too caught up in the frenzy of an online auction and forget their budget. Make a list beforehand of the exact items you will need and how much you are willing to spend on each. Tailor your bidding strategy to fit this plan. If something unexpected catches your eye, you don’t have to write it off entirely. Take a moment to consider how much it will improve your business.

Find the Source of the Items

You can learn a lot about a piece of furniture by knowing its origin. If you are participating in a liquidation auction, research the business that’s liquidating. If they are in the same industry as you, chances are they have plenty of items that would be useful for your business. If a seller is just getting rid of some extra furniture, don’t be afraid to contact them to ask about the furniture you’re interested in. It’s best to know exactly what you’re getting when you decide to bid.

Notice Any Defects

Furniture, especially for your business, is one area you don’t want to compromise on quality. Couch tears or table scuffs stand out like a sore thumbs. Once you notice a defect, it’s difficult not to notice it every time you enter the room. Repairing the items might be more hassle than it’s worth. We provide high quality pictures and descriptions of the items we put up for auction, so you always know exactly what you’re getting.

Bid Intelligently

If you see an upcoming Auction with furniture items you’re interested in, register to set up your account. On auction day, keep your budget information nearby and if prices rise above it, don’t be afraid to walk away. Remember that there will always be another auction. Sometimes it pays to wait and see the first bid before submitting your own. You might end up spending less than you anticipated if the other bids are low, or there are none at all. Check your emotions at the door and don’t get caught in a bidding war you can’t leave. When all is said and done, you should walk away with the items of furniture you need and still have a fat wallet.