Setting the price of your bike
- Pricing your bike accurately can mean you get a quick sale:
- Compare your bike with similar models for sale privately on The Bike Trader.
- Consider your bikes age, condition and features for a more accurate price.
- Give yourself a starting price that allows potential buyers to make offers.
Writing a bike advert
- All you have to do is:
- Ensure your advert reads well and sell your bike's strong points, without exaggerating.
- Write clearly, using concise information and avoid complicated terms.
- Include accurate specification and desirable equipment.
- Include how old the bike is and how often it is serviced.
- Include any upgrade detail over standard e.g. Carbon wheel upgrade.
Taking great photos
- A picture paints a thousand words. Good photos will get your bike noticed and enable you to have a successful sale as quickly as possible:
- Clean your bike thoroughly.
- Make sure your pictures focus on the important parts e.g Groupset etc.
- Take pictures with a neutral background.
- Take a side shot detailing the whole bike.
- Photograph any damage / marks. Keep it honest.
- Do not use stock images. Always photograph your own bike.
Preparing your bike for sale
- A clean bike looks more appealing, so spend some time making it shine.
- A good advert creates the right first impression and could increase value.
- Cleaning the chain set and removing excess oil splats will help.
- Check the tyres are correctly inflated.
- Have any paperwork available so buyers can examine it easily.
Dealing with buyers
- Buyers will always want to inspect your bike thoroughly before concluding the sale.
- Buyers may want to 'try out' your bike. Please be conscious of who and where you are.
- Never leave the buyer alone with the bike.
- Offer the buyer any information or visibility of receipts regarding the original purchase.
- Offer a full inspection at your local bike shop.
- Dealing with canvassers.
- Sellers may be contacted by unwanted canvassers.
- Be conscious of this when discussing your bike for the first time.
- Canvassers typically target sellers persuading you to advertise elsewhere.
- Canvassers will offer alternative classified platforms and promise a 'quick sale'.
Closing the deal
- Buyers will want 'to have a deal' and haggle your price down. Once agreed please make sure you are happy with the payment method before you release your bike.
- Expect negotiation – buyers expect to get some money off.
- Set your lowest price before the buyer arrives and avoid going lower.
- Be sure you’re happy with payment method. Check all cash genuine.
Doing the paperwork
- Writing a receipt and providing paperwork can seem like an anti-climax after the excitement of negotiating a price, but it’s no less important.
- Complete two receipts one for you and one for the buyer.
- Ensure both parties sign & date both copies and keep one for your records.
- Provide any old receipts of purchase and service work.