Construction machine sale source online

A new private network platform has been developed that I designed to make it easier to sell construction equipment worldwide. Called Krank, this online company-to-company network is designed for trading large items of capital equipment, both regionally and internationally. This trading system allows companies to create private networks between each other and trade large items such as cranes, wheeled loaders, trucks or excavators. The site acts as a private sale room with users able to customise their
February 7, 2018 Read time: 2 mins

A new private network platform has been developed that I designed to make it easier to sell construction equipment worldwide. Called Krank, this online company-to-company network is designed for trading large items of capital equipment, both regionally and internationally.

This trading system allows companies to create private networks between each other and trade large items such as cranes, wheeled loaders, trucks or excavators. The site acts as a private sale room with users able to customise their online dashboard, making it easier to buy and sell machinery without the fees associated with trading capital equipment.

Krank uses bespoke online technology and analytic tools, to generate both a secure company-to-company networking tool and an online trading platform for equipment. Users can register on the site as an individual or through a company profile that allows an unlimited number of colleagues to join. They develop their own private network of contacts and invite co-workers to join, or request to connect with anyone from other companies.

Those who use sites such as LinkedIn, Facebook and Twitter will be familiar with some of the networking functions, such as viewing and posting on news timelines, sending one-to-one messages, and creating group chats. And those who use sites such as Amazon will recognise the sales procedures. Users can communicate whether just for networking purposes and to explore the possibilities of doing business together; or they can upload information and images of machinery they want to sell. In order to trade, the seller can offer the item on a private basis to specifically selected customers via the ‘Network Marketplace’ tab, or the unit can be offered on an open basis via the ‘Public Marketplace’ tab. The buyer and seller are responsible for carrying out their own checks, due diligence, and financial transactions.

Finance & Funding

Related Content

  • Machine and machine control innovations in concrete paving
    June 28, 2013
    Machine innovations and machine control advances are the latest news in the concrete paving sector - Mike Woof reports. While machine control systems were pioneered in the concrete paving market, continuous refinement of the technologies is offering major improvements for customers. Customers have a choice now of more than one supplier while the packages are said to be more user-friendly than before. And in addition, the systems themselves can be more closely integrated into the machines due to advances mad
    Read More
  • Bullish IronPlanet predicts strong sales for 2015
    February 19, 2015
    Auction operation IronPlanet says that 2014 has proved to be a strong year for its business development. The company has grown significantly since it began as an idea in a Harvard Business School working group, which suggested an online auction business to buy and sell machines. And six years from its move to expand into EMEA, the company says it has sold over US$ 3 billion worth of used equipment worldwide.
    Read More
  • Bullish IronPlanet predicts strong sales for 2015
    January 6, 2017
    Auction operation IronPlanet says that 2014 has proved to be a strong year for its business development. The company has grown significantly since it began as an idea in a Harvard Business School working group, which suggested an online auction business to buy and sell machines. And six years from its move to expand into EMEA, the company says it has sold over US$ 3 billion worth of used equipment worldwide.
    Read More
  • Ritchie Bros pick up IronPlanet for around US$758.5 million
    August 30, 2016
    Canada-based Ritchie Bros Auctioneers announced it will buy IronPlanet, a private company based in the United States but operating globally, for around US$758.5 million. IronPlanet was set up in 1999 and focuses on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions. The company conducts its sales primarily through online-only platforms, with weekly online auctions and in other equipment marketplaces.
    Read More

Highlighted Content