Classifieds Sales: Best Practices?

rjboch

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Joined
Jun 21, 2019
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Hello. I have finished with the majority of my whole home remodel and now I am thinking about right-sizing my Festool collection. I plan to sell a bunch of items locally, including my VACSYS, and was wondering what is the safest way to collect payment (aside from cash). Previously I met buyers outside the local police station (they have a designated online sales area). Any recommendations?
 
SDWW2019 said:
Hello. I have finished with the majority of my whole home remodel and now I am thinking about right-sizing my Festool collection. I plan to sell a bunch of items locally, including my VACSYS, and was wondering what is the safest way to collect payment (aside from cash). Previously I met buyers outside the local police station (they have a designated online sales area). Any recommendations?

  That is a cool set up! I wonder how many PDs do that?

Seth
 
I hadn't heard of that before. Thanks for the info. I'm looking at selling some tools in the near future too.
 
You might also have a friend with a camera (arriving separately) taking pix of the buyer's vehicle with tag number, just for reference.  [smile]
 
SDWW2019 said:
Any recommendations?

I'd start by identifying your location if you plan on selling face to face.  Too many members here, and on other discussion boards, post offers to sell or buy, but don't give a clue where on the globe they live.
 
I use a Stamp credit card app to collect fees and for my business, Entrance Technologies.  While I trust my commercial customers, I wait until payment shows in my account before shipping or releasing any material.  There is a small percentage fee which I build into my charges.  I've used the app for years.  My wife and daughter first used it initially for their fair sales.
 
The last time I sold a car, I met the buyer at my bank.  The banker kindly loaned me use of a desk for this purpose.  Whether cash or check, the bank seemed to make sense.  Certified checks are harder to stop than bank checks.  And the banker can examine the check and tell you if it appears to be legit. 

They might have other ways of checking too.  I am not up on best practices of banks.

Even if you intend to hold onto cash, you don’t have to let the buyer know that.  Let them think you are depositing all the money in your account.  Otherwise, they know where you live and they know how much cash you have on hand.  Not a good recipe for security.
 
PayPal? It's safe, traceable, and has a means of dispute resolution. That way neither of you is carrying cash.
At that point, location or time of day is not as important. You could do it pretty much anywhere that was "public enough"
 
I have sold things and done pickup in my garage, I have sold things and done pickup at my office building in the parking lot (there are probably as many cameras there as in most parking lots nowadays), I have sold items and done pickup at my house with delivery of the remaining items to the buyer's location.  I've accidentally sent people to really sketchy neighborhoods by mixing up "Street" and "Avenue"  [eek]

My purchases have been the same way, with most picked up from the buyer's house, usually for transport reasons.  Literally all of my in-person used Festool purchases have been direct from the seller's workshop (OF 1400, looked at but passed on a Connector set, MFTs, SYS-Roll...).

For the most part, if I'm selling something for more than $100 and it's difficult to transport, I'll vet the buyer as much as possible and then provide my home address 1-2 hours before the arranged pickup time.  If it's something small and easy to transport and not worth much, I'll arrange handoff at my office in the parking lot.  If it's really not worth much, I will either only ship it or I'll just donate it and not bother with the hassle.

When I sold my motorcycle, the buyer came to my house 2 or 3 times.  I've sold two junker cars for parts as well: one I met the buyer at a gas station and got a ride home from my insurance agent, the other was to someone I knew from an enthusiast mailserv/forum, and he came to my house to trailer it away (he actually had been waiting for me to sell it).

Used electronics seem to attract all sorts of people.  Used junk cars attract more attention than it's almost worth attracting.  Used Mid-century furniture attracts a very certain kind of person and those sales almost always seemed to go the smoothest.  Used Festool likely attracts a certain kind of buyer as well, and likely not as varied as used buyers of big box brands.
 
squall_line said:
Used electronics seem to attract all sorts of people.  Used junk cars attract more attention than it's almost worth attracting.  Used Mid-century furniture attracts a very certain kind of person and those sales almost always seemed to go the smoothest.  Used Festool likely attracts a certain kind of buyer as well, and likely not as varied as used buyers of big box brands.

That sounds like perfectly good logic, especially if you are assuming that the person buying it is also going to be using it. But it seems to me like the days of internet sales and "flippers" who are in the side-hustle game have changed things. Scammers have also seemed to have come out of the woodwork in response to the pandemic too.
All it takes is for a few of them to figure out the higher price-point of Festool stuff. Then the buyer is not the end-user.
I have been "sitting on" a motorcycle, that I would be willing to sell, for years. It's mostly for this exact reason. It is fairly safe, where is sits, because no one knows where it is located. It's not hurting anything, which is why I haven't bothered with it. Someday, it will be in the way, so I'll have to address it.
 
Crazyraceguy said:
Someday, it will be in the way, so I'll have to address it.

The things I want to get rid of are definitely in the way in my 1 car garage. Scammers or no interest is making me consider just donating it to something like Habitat for Humanity and getting the tax receipt. This may end up being simpler all around.
 
Years ago, I hired a dog trainer to help me work my dog.  He was formerly a dog trainer for the USMC.

He did not get along with his neighbor.  So he would take his Harley out on a nice sunny weekend and hand wash it in front of that neighbor’s house. 

His neighbor never did figure out why his garage kept getting broken into.

 
Joelm said:
The things I want to get rid of are definitely in the way in my 1 car garage. Scammers or no interest is making me consider just donating it to something like Habitat for Humanity and getting the tax receipt. This may end up being simpler all around.

I recently donated some tools to a local charity (not Habitat) that has a Tool Library: some LED work lights, a B&D belt sander, and a few other okay-ish but in great shape tools.  I'm not sure if they thought they were 'hot', broken, or what, but they seemed a little skeptical that I was willing to part with equipment that looked like it was in such nice shape.  The rest of the library looked like it was filled with mostly used-up estate remnants.

I've also donated some tools to the local Habitat for Humanity ReStore shop, but those are usually more common tools that people come across on a regular basis and I just don't need or want the hassle of selling myself.

I often forget to check Habitat ReStore when I need a 10-foot length of some random wire or other scrap-ish thing that usually is only sold in larger quantities.  I could have completely swapped out my entire basement's worth (24 bulbs) of 4-foot T8 tubes with LEDs there recently for less than 25 bucks.  Such a great local resource.
 
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