New vs Used Electric Motors: Which is Right for You? January 17, 2024Choosing between new and used electric motors involves more than just comparing price tags. It's a decision that impacts not only your immediate budget but also the long-term efficiency and reliability of your machinery. Whether you're running a small workshop or managing a large industrial operation, understanding the pros and cons of new versus used electric motors is crucial in making an informed decision that aligns with your operational needs and financial constraints. Benefits of Used Electric Motors Purchasing used electric motors vs new offers several advantages, especially for businesses looking to balance cost-effectiveness with performance. Key benefits include: Benefits of New Electric Motors Opting for new electric motors brings distinct advantages, ensuring that businesses are equipped with the … [Read more...] about New vs Used Electric Motors: Which is Right for You? Electrical and Power Equipment Machinery and Equipment
Common Questions for Selling Used Transformers Online May 13, 2022 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 Electrical and Power Equipment Machinery and Equipment
Closing? Setting a Strategy to Sell All Your Inventory at Once March 10, 2022 Every year hundreds of small business owners in the USA and Canada are retiring or closing up shop and moving on to the next phase of their life. While many of these businesses are able to sell themselves to a larger company or competitor, or perhaps they have a successor lined up to take the reins. It’s not always clear what happens when there’s no one ready to take over and run your business. This is a much more common problem in the year 2022 than it was 20-30 years ago. The hands on, machinery, manufacturing, “blue collar” type skill set is becoming rarer with each passing year. It’s shocking to see that many of these businesses, while very profitable, end up closing their doors for good when the primary owner retires, but that’s the reality we live in now. So, what do you do with all that machinery and equipment … [Read more...] about Closing? Setting a Strategy to Sell All Your Inventory at Once Electrical and Power Equipment Industrial News Machinery and Equipment