View the entire newsletter for more articles: 2016 – NJAC County Biz – October
by Angela Jones, Marketing Communication Specialist for GovDeals.com
With the start of Fall comes cooler temperatures, changing leaves, and football. But that is not all. This is also the time of year when many governments are wrapping up their current fiscal years and getting prepared for the upcoming year. There are many things to that need to be accomplished in order to have the most prosperous, profitable year possible. New processes and procedures for improvement need to be implemented, budgets need to be set, and resources need to be allocated in a manner that supports the goals of your county.
One question every county government agency must ask is: “How will we manage our surplus assets in order to maximize revenue in the upcoming year?” Because, let’s face it: Government agencies are still dealing with limited resources and the need to stretch their budget as far as possible. With that in mind, it is crucial that every dollar that can be reclaimed, is reclaimed and online government surplus auctions provide a platform to help your county do just that.
Online auctions are continuously increasing in popularity due to the many benefits associated with buying and selling over the Internet. Online auctions expose your assets to a world-wide bidder base, where people can log on and look at your items whether they are in the United States or on the other side of the world. Also, the storage of surplus assets could increase the cost of insurance, property taxes, or storage costs, depending on where the items are stored. Excess inventory also increases the risk of loss due to depreciation or obsolescence of the inventory. Using online auctions reduces fees and frees up funds that could be used elsewhere to improve or expand local operations.
With the many options for surplus asset disposal your county has, it will need to consider what each auction service provider can offer. Placing your surplus assets for auction on a website specifically designed for governments, where each county receives individualized training and support, increases the chances for a successful auction.
One such online government surplus auction website that can be utilized by all New Jersey counties is GovDeals.com, a strategic partner of the New Jersey Association of Counties. GovDeals, Inc. provides services to various government agencies that allow them to sell surplus and confiscated items via the Internet.
While the strategic partnership between GovDeals, Inc. and NJAC did not begin until 2007, government agencies in New Jersey have been selling on GovDeals.com since 2001. Since then, more than 700 counties have sold over $56.8 million worth of surplus assets on the auction website. In just this year alone, New Jersey counties have already made over $1.3 million! Overall, government agencies across the U.S. and Canada have recovered over $1.3 billion selling surplus assets on GovDeals.com.
Whether the goal of your county is to increase revenue, increase productivity, or both, GovDeals has a dedicated staff familiar with the inner workings of the government system and can help your county maximize its surplus asset revenue for years to come.
For more information on how to get started maximizing your surplus dollars with GovDeals.com, contact them at 866-377-1494 or via email at firstname.lastname@example.org.