Sport, parks and leisure - Orbit4: What’s the first thing you think about when selling gym equipment?
22 May 2022 Sport, parks, & leisure: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Product news

Company advertorial
What’s the first thing you think about when selling gym equipment?

Supplier: Orbit4
More Orbit4 details


What’s the first thing you think about when selling gym equipment?

photo: Shutterstock image 1028106646
According to our poll, the first thing 80 per cent of operators and gym owners think about when it’s time to sell gym equipment is how much your equipment is worth. But really we should already know exactly how much our assets are worth and when’s the best time to sell them.

This can be done easily by using the industry’s favourite secret weapon – Orbit4. It’s a money-saving platform, similar to smart energy-saving websites but instead focuses on gym equipment/servicing/buying/selling.

So, why are gym operators so excited about this platform?

Orbit4 digital tech leader Daniel Jones explained: “Orbit4 is an amazing present to the industry and a genuine win-win for any company involved in the fitness industry. It allows gym operators to go digital when it comes to purchasing, financing, maintaining and disposing of fitness equipment.

“More importantly, the sooner operators use the platform, the sooner they can start to understand the true cost of ownership of their assets”.

What if we told you, you could get a free valuation just by signing up as a seller in WeBuyGymEquipment (WBGE)? Sounds too good to be true, but it’s not!

The only people who will tell you not to compare prices are the people taking you for a ride. We know times have been tough and gym owners need to make as much profit from selling their used gym equipment as possible so, here are our top selling tips…

1. Find out how much your used gym kit is really worth. Auction platform WBGE is used by many leading gym operators, not just to sell equipment but to get early-stage valuations so they know what equity is left in their assets to act as a deposit for the next equipment purchase.

2. Don’t sell as individual items, but as a job lot. Selling used gym items off individually is a huge mistake. Time-wise alone it will be like taking on a second job. Arranging collection and payments is a painfully time consuming and complicated process. It’s safe to say you’ll end up losing big overall.

3. How much is your time worth?. Selling second-hand commercial gym equipment piece by piece is both time consuming and hard work. On paper, it might look like you’ll make more for the high-value items, but you’ll likely be left with a lot of undesirable equipment which you’ll not know what to do with.

4. Don’t end up getting sued in a costly legal battle. It’s a big risk letting consumers and multiple uninsured people take heavy commercial equipment from your club. If someone gets hurt, even at home, they’ll hold you legally liable for any damages. Traders on WBGE must be fully insured so you don’t have to even think about it.

5. Don’t sell off your best pieces of kit and be left with the less attractive items gathering dust or going to the dump. In most cases, it will cost you more to have your unsold items removed and taken away than the real value of the equipment.

6. Get paid before your gym equipment even leaves the building. Guaranteed payment before extraction is worth its weight in gold. Go with a company that gets you the cash right now, when you need it. No messing around chasing or losing money.

7. Read reviews before you deal with anyone.

8. Be honest about the state of what you’re selling to avoid delays and confrontation later. The more tests you do and the more photos you take, the more confident you can feel about getting the right money.

9. Get it done fast. You don’t want to run out of time trying to sell items or waiting for people to turn up and collect. In a worst-case scenario, you could end up having your items repossessed by the landowner if your tenancy is up.

Jo Weelen, WBGE UK/EU sales manager, said: “Over the last seven years, our platform has collated accurate residual values of over 2,500 commercial gym equipment assets. In turn, we can offer speedy valuations of gym operators' assets.

“Alternatively, register on our platform and upload your equipment via our easy three-step process. Within three days, you’ve hit our 60+ traders in one swoop and secured the best buyback price under no obligation.”

Contact us for more information at [email protected].


Supplier: Orbit4



Web: https://orbit4.org/
More Orbit4 details

Product news
Oss Fitness wins tender for three sports centres in Burgos, Spain
  13 May 2022

Oss Fitness wins tender for three sports centres in Burgos, Spain

Oss Fitness has won a public tender to provide new fitness equipment from Core Health & Fitness to three sports centres in the City of Burgos in Spain.

Virtuagym raises 3 million Euro investment to fuel innovation in health and fitness technology   03 May 2022

Virtuagym raises 3 million Euro investment to fuel innovation in health and fitness technology

Virtuagym, the leading global fitness technology provider, has raised a new 3 million Euro investment from Icecat, an Amsterdam-based technology company which invests in innovative technology organisations.

ELASKO showcases the innovative mobile stretch & posture bar at FIBO Cologne. 
  29 Apr 2022

ELASKO showcases the innovative mobile stretch & posture bar at FIBO Cologne.

ELASKO, a London based stretch fitness brand has just released the first mobile stretch and posture bar at the FIBO Cologne. This new venture is in collaboration with NOHrD, the innovators of wooden fitness equipment and part of the established WaterRower brand.

Peloton Commercial announces new Distribution Partner 
in the Nordic Region   29 Apr 2022

Peloton Commercial announces new Distribution Partner in the Nordic Region

Peloton Commercial, which includes the Precor brand portfolio, is proud to be working with a new distributor – Eleiko Group AB – to provide Precor-branded equipment across the Nordic regions in Norway, Sweden, Denmark and Finland.

PerformX Live Delivers The Event The Fitness Industry Has Been Demanding   25 Apr 2022

PerformX Live Delivers The Event The Fitness Industry Has Been Demanding

PerformX Live set the new benchmark in fitness on the 18th & 19th March by delivering the event the fitness industry has been demanding. 4,000 people from within the industry gathered at one of London’s on-trend event venues, Tobacco Dock, for two days of world-class talks, industry networking and thought leading panel discussions.

iFIT workouts, available on Freemotion equipment, become first fitness programming to be nominated for a Sports Emmy®   22 Apr 2022

iFIT workouts, available on Freemotion equipment, become first fitness programming to be nominated for a Sports Emmy®

The National Academy of Television Arts & Science has nominated iFIT’s “Everest: A Trek to Base Camp” series for a 2022 Sports Emmy Award.

Mind Body Boost selects myFitApp to improve students’ mental and physical wellbeing across Europe   21 Apr 2022

Mind Body Boost selects myFitApp to improve students’ mental and physical wellbeing across Europe

Innovatise’s myFitApp has been chosen as the Mind Body Boost project App provider.

Core Health & Fitness launches Schwinn X and Z Bikes, welcoming members back to the gym   20 Apr 2022

Core Health & Fitness launches Schwinn X and Z Bikes, welcoming members back to the gym

Core Health & Fitness announces the arrival of its next generation of indoor cycling bikes – Schwinn X & Z.

Company profile


énergie Fitness

Empowered Brands, owner of the énergie fitness business, has leveraged more than 18 years of franchising experience to build a health and fitness and well-being brand community.

View full profile>>

Catalogue gallery


Featured Supplier

Magicline celebrates UK market entry at Elevate

Magicline celebrates UK market entry at Elevate

With a focus on globalisation, Magicline has officially launched its software in the UK. As Europe’s leading gym management software company, the company strives to provide the best tools for gym owners to be successful, win new members and elevate their businesses. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Catering Assistant
Salary: Competitive
Location: London
Company: Everyone Active
Fitness Motivator and Personal Trainer
Location: Wickford, UK
Company: Everyone Active
Diary dates
Powered by leisurediary.com

25 May 2022

Evolve: State of the UK fitness industry

Online,



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Social good: Ivo Gormley
GoodGym founder Ivo Gormley fights back against loneliness in society More>>
  Interview: Louis D’Amore
Louis D’Amore on the work of the International Institute for Peace through Tourism More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  Community: Bright Hart Lane
Grant Cornwell on the Tottenham Hotspur Foundation’s community work More>>
  Last word: Nature’s bounty
FairWild is setting standards in the harvesting of wild ingredients More>>


Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd