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How do you know when is the best time to sell gym equipment?

April 22, 2023

According to a study by RunRepeat there’s been an 88% average increase in exercise for people who normally exercise 1-2 times per week. But, due to social distancing, gyms across the world now have less space for equipment or members.

They definitely can’t afford to be hoarding unused equipment that is depreciating in value all the time. Sadly many operators are still feeling the repercussions of the pandemic in their workplace and barely have time to manage their gym, never-mind sell equipment.

They went into survival mode – understandably – but things have changed, and it is now time for a new approach. Luckily for us, we live in a digital age.

Global gym equipment asset managements and procurement ecosystem, Orbit4, use advanced digital software to ensure gyms are aware of exactly how much their assets are worth and when is best to sell.

Paul Mc Cormick, of WBGE Europe, said: “Cost-efficiency remains of paramount importance in managing your business, especially in these uncertain times. Digital solutions feature heavily in the top industry trends for 2022 for obvious reasons – they are undoubtedly more profitable.

“With high numbers of absenteeism, due to enforced isolation periods, there is also huge pressure on clubs and other staff. This can ultimately reflect badly on a business if there aren’t people on the floor.”

“Using a digital gym equipment management system like Orbit4 to handle buying, selling, and servicing gym equipment frees up staff to handle urgent day-to-day issues. WeBuyGymEquipment, FitnessCompared and WeServiceGymEquipment are all part of the Orbit4 digital ecosystem that both frees up your time and increases gym efficacy, efficiency and profitability.”

Despite all the horrors brought about by a global pandemic there are some positive repercussions. Remote working brought about the realisation that some of the less than obvious issues contained within the way we conduct business processes must change. Some of these challenges – usually the seemingly small and insignificant ones – have come to the surface and must now be solved.

Luckily, businesses owners are resilient, and will do what they must to continue trading. If you are ready for change but don’t know where to begin, get in touch, we can give you great advice on which platforms to use and digitally transform your business for free. Contact info@orbit4.org

Visit www.orbit4.org or contact daniel@orbit4.org to find out how you can instantly connect to your incumbent service provider to submit service tickets via the Orbit4 iOS and Android smartphone apps along with a load of other smart features that you can only get with Orbit4.

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