Finding a committed buyer for a surplus or used electrical transformer is challenging and requires a fair bit of planning and thought. The transformer market is extremely hot right now with plenty of money to be made, but it’s important to find the best avenue on how to market your transformer and ensure you get the biggest bang for your buck when selling a transformer online. With this guide, we’ll answer common questions and provide tips and on where to sell your transformer online and how to get the most money for it. What Should I do Before Selling a Transformer? Take an Inventory Check If you have multiple transformers for sale, make sure you inventory each one and have a copy of the specs for each one as well. Make sure you take note of the type of transformer, such as three phase or single-phase transformers. Is it a … [Read more...] about Common Questions for Selling Used Transformers Online
Industry News
Rethinking Middle Class Manufacturing Income Inequality in North America
A society in which everyone, especially the middle class, has an opportunity to increase their compensation level at an annual pace that outpaces inflation, is a dream for just about everyone, regardless of political beliefs. This of course requires a robust economy and a balance of trade such that a country can both produce and consume. But recently, the chatter of “income inequality” among commentators and the news media has grown to a fever pitch. It is also a constant rallying cry of the Presidential candidate pool. In a recent ABC news article, Larry Mishel, Distinguished Fellow at the Economic Policy Institute, a left-leaning think tank, puts it bluntly: “Working people have taken it on the chin for many decades. They’ve not been able to get the help of government to be on their sides, the employers are suppressing their … [Read more...] about Rethinking Middle Class Manufacturing Income Inequality in North America
Winning Online Auctions: Bidding Strategies You Must Know
From strategic preparation to tactical bidding, knowing the right strategies to follow with online auctions can improve your experience and increase your winning odds. While Surplus Record doesn’t host online auctions directly, we’ve spent decades working with sellers to promote their online and physical auctions. Whether you're a novice bidder or a seasoned auctioneer, these tips and strategies will help you navigate the digital auction space with confidence and success. Plan for Success: Online Auctions Tips and Preparing Successfully navigating the exciting world of online auctions requires more than just a keen eye for value; it necessitates careful planning, strategic bidding, and a comprehensive understanding of the auction platform. In this section, we will delve into key strategies that can significantly enhance your chances … [Read more...] about Winning Online Auctions: Bidding Strategies You Must Know
Appraising Machinery and Equipment: The Valuation Process
Management guru Jack Welch once said, “You got to be rigorous in your appraisal system. The biggest cowards are managers who don’t let people know where they stand.” He was discussing performance appraisals and measuring how well people are doing their jobs, but the same is true when determining the value of physical assets. If managers aren’t aware of the worth of a particular piece of equipment, they will struggle to evaluate how much value it contributes to the business. They will remain unaware of whether or not it efficiently aids operations. They will remain unable to apply for certain kinds of loans. And they will not be able to have any confidence about receiving a fair price when time comes to sell it on the secondary market. In this article, we will explain what machinery and equipment appraisal is, why you should perform … [Read more...] about Appraising Machinery and Equipment: The Valuation Process
Milling Machines vs Drill Presses vs Lathes
Navigating the landscape of machining equipment can often feel like charting through a complex maze, especially when deciding between milling machines, drill presses, and lathes. Each tool boasts distinct features and specializes in different aspects of the machining process, catering to specific tasks, from shaping and cutting to drilling and finishing. Understanding the nuances, capabilities, and applications of these machines is crucial for anyone looking to make informed decisions in the fabrication, metalworking, or woodworking fields. Milling Machines Milling machines stand out in the machining world for their ability to shape and cut materials with precision and versatility. These powerful tools utilize rotary cutting tools to remove material from a workpiece, enabling them to perform a wide range of operations such as … [Read more...] about Milling Machines vs Drill Presses vs Lathes
