High-quality woodworking machinery, especially when it's been maintained, holds it resale value. Whether you're a casual seller offering a few pieces from your shop or are interested in going into business as a dealer, you can make money selling woodworking machinery by being sensible and prudent. You need to know what tools to avoid as well as recognise when you're looking at a diamond in the rough. High-quality tools that have been neglected sometimes look bad and can be acquired cheaply. With some maintenance and cleaning, this equipment can be sold at a profit.
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Sell your woodworking machinery for what it's worth. Don't try to pass them off as something they're not, as buyers will know and have doubts about your honesty. Clean up and maintain the tools to sell them for top dollar. Always include the tool's owner's manual. Acquire one, if possible, if you don't have it.
Look at the structure rather than the surface appearance if you're buying tools for resale. A bit of dust and surface rust can lead to lower prices, but won't affect its quality. Check bearings, squareness of fences and the flatness of tables and benches. Learn to tell the difference between what can and can't be fixed.
Make contacts with mechanics and craftsmen who can teach you more about machinery as well as provide sources for parts and information. Old tools can command a good price if they're maintained well and you find the right buyer.
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Experiment with different avenues of tool sales. Each has its benefits. Look for a venue that has serious buyers, not time-wasters.
Understand that although selling woodworking machinery online reaches a vast audience, shipping can be costly and difficult. Keep an eye on woodworking websites. Many have discussion forums and buy/sell pages.
Appreciate that local businesses are a good source for tool buyers. Place ads on message boards, arrange for consignment sales and develop long-term relationships with business owners who work with craftsmen. When someone is looking for a particular tool, you'll hear about it.
Acquire a secure place for storage and hold onto your tools until the right buyer comes along. Patience pays off, especially when selling speciality items to a limited market.
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