Used Market – Record $15M of Used Assembly and Semiconductor Equipment Hits the Market in January

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B2B equipment marketplace Kitmondo.com experiences dramatic spike in used equipment listings. Equipment owners moving away from auction sales to online marketing.

B2B equipment marketplace http://www.kitmondo.com reports that the value of used assembly and semiconductor equipment listed in January exceeded $15m, a record for a single month.

Kitmondo is attributing this spike to the rapid uptake in online marketing channels such as Google pay-per-click and Kitmondo.com’s pay-per-lead service.

“Traditional sales channels are starting to look slow and expensive” says Richard Barker, CEO of Kitmondo.com. “Auctions for example, can take weeks to organise and cost 15 to 20% of the final sales value. Many owners of assembly and semiconductor equipment realise they can sell equipment cost effectively themselves by using online marketing services”.

Figures for January appear to prove the point. In addition to the record equipment value, the number of equipment listings in Kitmondo’s PCB Assembly and Semiconductor category exceeded 2,000 for the first time and visitor traffic grew by more than 35%.

Pay-per-lead

Performance related advertising is fast becoming the norm for many dealers of used assembly and semi equipment. Alden Lewis of leading equipment dealer NEA Inc says "We have found that Kitmondo generates specific customer interest in our products and allows us to only pay for leads received thus eliminating upfront costs of advertising. Online marketing with Kitmondo is both efficient and effective.”

Kitmondo.com does not charge to list equipment or ask for any sales commission. Instead it charges the seller a small fee ($4-$16 depending upon the value of equipment) whenever a potential buyer is interested in the equipment.

“Pay-per-lead really works for assembly and semi equipment. There’s no upfront cost and equipment can be listed for an unlimited period. Transactions in this sector often involve a longish sales cycle so having time to kick the tyres gives buyers and sellers more opportunity to agree a deal.”

About Kitmondo.com

Kitmondo.com is where business buys and sells. With over 350 equipment categories, Kitmondo.com gives buyers choice and availability, helping them buy equipment more cost effectively. Kitmondo’s pay-per-lead system allows sellers to advertise equipment without any upfront charges or sales commission, only paying when a buyer is interested in their equipment. For more information visit http://www.kitmondo.com

Contact: Richard Barker CEO

http://www.kitmondo.com
+44 (0) 207 697 0519

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Richard Barker
KITMONDO.COM
44 0870 366 6150
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