How to make money with motorcycle auctions in 2021

Published by Mayalu on

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The auction has been winning over more and more people when it comes to investment and low risk. Auctions are good opportunities of financial return, since buying and reselling can be very profitable, both for the buyer and the seller. But to make money with auctions, it's important to understand a few things.

It could be the way to undertake 

When you choose to invest in auctions, it is not usually just a bet on a simple business, but rather an undertaking. So, start by creating an assessment of the current conditions of the economy.

This is an area that has attracted a lot of people, as it is easy to understand and low risk, so it can be both a complement to current income and a way to undertake and make this your job.

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Know the market

Choose your niche, there are several products that are sold at an auction. In motorcycles, for example, it is important to know whether the vehicle is in good condition to be resold.

Before making the purchase, check the information for that lot to see if it has any type of defect, serious or aesthetic damage. In this case, an essential item in planning your investment. Sometimes the cost of renovation or maintenance does not make it worth resale.

One of the main advantages of the auction market is the lot prices, which are generally well below the market price of the products. In the case of motorcycles, a lot may have a value of half the value of purchasing a new or pre-owned motorcycle, according to values established by the FIPE Table (Fundação Instituto de Pesquisas Econômicas).

The same can happen with a property auction. With good planning, knowledge of the real estate market and assessment of the region where the property is located, it is possible to have a good income.

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One of the common ways to invest in this type of product is to purchase a immobile with 50% or even more discount from the market value of the property, and still sell below the value, generating a quick exit, without the need to pay condominium fees, IPTU, and other possible expenses with the apartment.

To begin with, a certain amount of working capital is required, considering that the goods are purchased at a price below the market. It is possible to start with cheaper goods, with auctions for computers, cell phones, goods from the Federal Revenue Service, the Federal Police, among others.

Starting with lower cost products is also ideal to gradually increase your capital to acquire larger goods and resell them, according to your expectations or intentions.

 How to start your investment without leaving home

To participate in an auction held on the web, it is necessary to register on the event's intermediary platform. At this point, you must provide data such as:

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  • Full name; 
  • Email and other contact information;
  • General Registry (RG);
  • Individual Taxpayer Registry (CPF).

Even after your registration has been approved, it is still not possible to participate in the auctions, as you must go through a second step which consists of qualification. Fortunately, this process is very simple and quick. Simply log in to the registered platform, choose the auction you want to participate in and the lot of interest. 

It is worth noting that, generally, you need to qualify each time you want to participate in the auction of a different good and that each auction has specific rules, so pay attention to the notices and information available on the website.


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