Company information Santander Bank Polska SA – a universal bank based in Warsaw. It is […]
Publication date: 2023-08-09
How to sell off the market?
In the dynamic business world full of challenges and constant change, discovering new ways of approaching sales and growth is essential. Among these innovative strategies, the concept of off-market has a unique place. What is this enigmatic term, and how can it contribute to business growth?
In this article, we will delve deeper into the topic of off-market sales. Not only will we consider why the off-market strategy is gaining popularity outside the real estate sphere, but we will also analyze in which other industries it can be applied.
Off-market – what does it mean?
Off-market sales is a sales model that involves transactions carried out outside the traditional marketplace. It emerged as a response to the needs of those who were looking for a more discreet and targeted way to sell their products or services.
Nowadays, it has a much wider application—from direct property sales by estate agents to closed charity auctions.
What are the advantages of off-market sales?
Off-market sales bring a number of significant benefits. In the first instance, it enables rivalry and the associated pressure on pricing to be avoided. Under this transactional model, the process takes place in a calm atmosphere, allowing salespeople to focus on improving the quality of their offer and building lasting relationships with their customers. In addition, off-market sales are perfectly suited to the expectations of people who value privacy and do not want their transaction information to be publicly available.
Not insignificantly, off-market sales are also an excellent option for those seeking to generate additional revenue from depreciated equipment. An example of this is the use of an auction model, targeting employees, which enables the creation of new revenue streams.
Accordingly, valuable aspects of off-market sales include increasing transaction efficiency, building business relationships based on trust, and creating innovative revenue-generating opportunities.
The use of off-market sales
The off-market sales model finds application in a variety of sectors. For example, in the real estate sector, this discreet model enables transactions without being published on public announcement platforms.
In wholesalers, on the other hand, silent sales are an exceptional way to manage excess stock by offering attractive prices to loyal customers. Such activities strengthen business relationships and, at the same time, enable the disposal of less marketable products.
The sophisticated market segment associated with luxury goods also finds its place in off-market sales. Restricting access to offers to only selected buyers adds uniqueness, which further enhances the attractiveness of offers.
It is worth emphasizing that companies in various industries can use this feature of off-market sales to create a sense of exclusivity among selected customers by bypassing conventional distribution channels.
In addition, off-market sales find significant application in situations where public disclosure of the transaction could adversely affect the company’s reputation or disrupt its business. In this way, the off-market model becomes not only a business tool but also a reputation and risk management strategy.
How to sell off the market?
Direct model
Conducting off-market sales is a complex process that requires a strategic approach and unique skills. The detailed approach to off-market sales depends on the specifics of the offering and the expectations of potential buyers.
An example that clearly illustrates the essence of off-market is exclusive properties. Premium clients have a strong preference for a personalized approach, avoiding the need to browse through numerous offers and view multiple properties. For them, the ability to tailor a property to their individual needs is a key factor.
Keep in mind that in the direct model, the off-market sales process is usually more time-consuming, requiring engagement and direct contact with potential buyers. Relationship building and individual negotiation of terms become the focal points of the process, allowing the best results to be achieved.
Effective off-market sales in this type of model would benefit significantly from the support of a suitably adapted IT system, enabling agents to focus on customer service and relationship building. An undoubted added value would be the ability to use off-market property databases, with a booking function and filtering according to well-defined criteria.
Off-market sales online
In the case of online off-market sales, the use of this model can be put to excellent use when selling off staff equipment or disposing of surplus stock. SilentClicks provides an ideal tool for presenting off-market offers, allowing customers to browse and purchase at their convenience, anywhere, at a convenient time.
Running an off-market sale online requires the adoption of a suitable IT system, providing both convenience and security for private auctions. It is advisable to choose a simple and intuitive system to make the process quick and efficient.
In terms of tools, SilentClicks presents itself as an exceptional option for off-market sales. Its functionality allows bids to be created instantly and selected participants to be invited to take part in the auction. Importantly, it guarantees full discretion, while maintaining the convenience of a typical online shopping experience.
With SilentClicks, running an off-market sale becomes easier than ever – simply post offers, invite selected buyers and enjoy not only financial profit but also the strengthening of business relationships. Thanks to its discretion and convenience, the online off-market sales model proves to be extremely versatile and finds a wide range of applications, such as closed charity auctions, the sale of parking spaces or garage halls to residents of a given location, as well as auctions conducted by bailiffs, the sale of post-lease cars, auctions of depreciated office equipment, or special promotions for selected customers.
Summary
In summary, the off-market sales strategy is perfectly suited to discrete sales. Although often associated with the exclusive property market, it has significant application in other sectors, including the disposal of surplus stock and the sale of depreciated office equipment.
This approach allows transactions to proceed quietly without market pressures. What is more, it is an effective tool for building lasting relationships and addressing offers to selected, closed groups of buyers. With the use of modern applications such as SilentClicks, this process can become easy and convenient.
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