How to sell your golf clubs?
Therefore, the first step in selling your golf clubs is to see what they are truly worth. If you every try to sell something without knowing the true value, you are bound to waste your time or get screwed over. Price it too high and no one will buy it. Price it too low and you won’t get what the clubs are truly worth.
Should you sell your golf equipment at a yard sale?
If you have other things to sell and/or are looking to declutter your home, consider having a garage sale or selling at a local flea market. There will always be a huge demand for high quality golf equipment, and yard sale veterans know that. They will swipe up good deals quickly.
Are golf retailers obligated to give trade-in values?
Payment is QUICK! Are golf retailers obligated to give the used golf club Trade-In Values found on other websites? No. But 2nd Swing Golf consistently offers the highest trade-in values for used golf clubs.
How to evaluate a website that trades in used golf clubs?
When evaluating a website that trades in used golf clubs it would be to your benefit to research the history of the website and the owners of the site. Many reviews on the internet will highlight any issues that people have experienced with any of these sites.
What is a good profit margin for a golf course?
Profitable golf courses are generally selling for six to eight times EBITDA, while courses that aren't profitable tend to sell at 0.8 to 1.4 times revenue.
Can you advertise on a golf course?
Exclusive golf course advertising opportunities, enhanced exposure. The Premium Marketing Program (PMP) combines exclusive golf course advertising, marketing tools and messaging outlets that would likely be cost-prohibitive if purchased separately.
How do golf courses advertise?
BrandingPick a signature hole. ... Advertise Your Course Layout With a Drone Video. ... Take Quality Course Pictures. ... Run a social media contest. ... Remarket your customer list on Facebook. ... Leverage your pros on social media. ... Update your review profiles. ... Encourage customers to post about your golf course.More items...
Do golf courses actually make money?
The most common income streams are green fees, membership fees, pro shop sales, and food and beverage sales. While increasing membership fees or green fees might seem like a good way to increase revenue, it might put off more golfers than the additional income earned.
Who is the target market for golf?
4.1 Market Segmentation The breakdown of participation in golf is as follows: 1% Professional, 63% men, 32% women , 4% youth, with 81% recreational golfers. Our products are targeting the lady golfer/recreational group, because they are the fastest growing segment in the golfing industry.
How do I promote my golf membership?
6 Strategies To Grow Your Golf Club MembershipUnderstand Your Target Audience. Geographical barrier is one of the prime factors to consider. ... Use Social Media to Drive Traffic to Your Golf Club Website. Social media is one of the best places to find your target audience. ... Improve User Experience with a Custom Chatbot.
How can golf courses make money?
Green fee play, memberships, food & beverage, and pro shop sales are the four main levers that can lead to an increase in revenue at a golf course. Of course, within each revenue stream, many specific opportunities exist for golf courses to produce more revenue.
How do you market a country club?
Manage your clubs digital presence and generate new member leads with the leader for country club marketing!...Start creating video at your country club – like yesterday! ... Get New Member Leads with Facebook Ads. ... Sharing High-Quality Content, Consistently. ... Social Selling with Member Engagement. ... Personalization.
How do country clubs increase revenue?
Here are 4 ways in which you can incorporate these revenue increasing methods with your golf course or country club:Product and Service Bundles. Create bundles for your customers that will encourage them to visit your club or Pro Shop and make more purchases. ... Incentive Programs. ... Loyalty Programs. ... Merchandise.
How many acres is a typical 18-hole golf course?
150 acresAt the individual level, an average 18-hole golf course covers 150 acres, approximately 100 (67 percent) of which is maintained turfgrass. This area is predominantly comprised of rough (51 acres) and fairways (30 acres).
How many acres are needed to build a golf course?
“This means an 18-hole course of all short par 3s could be built on as little as 30 acres, while an intermediate length or executive course of 18 holes of par 3s and 4s would require 75-100 acres, and a full size par 72 course would need 120-200 acres.
How do private social clubs make money?
Membership clubs often run on a subscription basis, with membership fees paid on either a monthly or annual basis.
1. Plan an Exit Strategy
One of the first steps to selling a golf course is deciding how you will exit the business.
2. Prepare Your Paperwork
Once you’ve planned how you will exit your golf course business, you should begin preparing your paperwork and organizing important documents. A majority of serious buyers will want to review everything from tax statements and inventory to contracts and more.
3. Acquire a Professional Valuation
Though you may have an estimated price in mind, the most reliable way to obtain an accurate valuation is through a business broker. It’s very common for an owner’s emotional attachment to cloud judgment when determining a realistic price.
4. Prepare Your Golf Course
Before placing your golf course on the market, make sure everything is in order and ready for potential buyers. Take your time to seek out any potential issues with your golf course and develop an actionable plan to address any flaws. Be sure to assess your:
5. Contact a Business Broker and List Your Golf Course for Sale
After completing all the preparation steps, it’s finally time to list your golf club for sale. If you’re interested in selling your golf course independently, consider utilizing well-known websites and investing in marketing efforts to help advertise your business.
John Davies
After obtaining his MBA, John began his career at PriceWaterhouseCoopers, the international accounting and consulting firm, and subsequently joined Progressive Corporation, a large U.S. based insurance company. John was a Division President at Progressive and subsequently became the CEO of a New York based private equity investment company.
Can you share your knowledge and experience with golf?
If you are a golf player for a while, you can share your knowledge and experience by creating golf lessons that you can compile into e-books or videos. If you’re an expert on golf sports, you can create a video analysis of a recent golf tournament too especially if the players are using the brand you’re selling.
Can you make a video about golf lessons?
Aside from making videos about golf lessons, you can also make your reviews on golf products especially those which are in demand. This may require you to buy the product to test it in front of your watchers showing them how it is used, the right posture, how to swing better, and also provide some tips on how it should be properly stored and maintained.
How much does it cost to ship clubs?
Take into account shipping: It costs roughly $10-$20 to ship clubs across the US, so items that sold on eBay will typically sell for a little more (than if you sold it locally) so that the seller can ultimately pass the shipping costs to the buyer. Check the “completed” (not sold) listings as well.
What does green number mean on a golf club?
Green number = sold, red or black numbers = did not sell. See how often your clubs don’t sell. If you see more unsold listings than sold listings, just know that your clubs probably aren’t in high demand. The more sold listings in the past 3 months, the better.
Trading In
One of the most direct ways of selling old clubs is trading them into a store or dealer. This is convenient if you are planning a new club purchase and buy it from the same site. Most shops for trading in golf clubs fall into one of two categories, mostly selling new equipment and focusing on the secondhand market.
eBay and Facebook Marketplace
To get the highest price back for your used clubs, you will likely have to sell directly to someone else. The largest online market for used golf equipment by far is eBay.
One Additional Option
While golf clubs are expensive and trying to get something back on that purchase is certainly understandable, if your reason for getting rid of clubs is more about the space than the money, you can also donate clubs to help others get into this great game.
When is the PGA merchandise show?
The PGA Merchandise Show, which is held at the end of every January, is the single largest gathering of the golf industry manufacturers. There is a “Positions Available” board positioned inside the show that lists a significant number of Sales Positions that are open throughout the country.
What is a PGM in golf?
Your college choice is never really that important, but attending a university with a PGM (Professional Golf Management) program is a way to enter into the golf industry and develop contacts that could help get you on board with one of the large companies.
Do you need a college degree to become a golf salesperson?
While a college degree is not required to become a golf salesperson, most of the major manufacturers (e.g. Ping, Acushnet (Titleist/FootJoy), TaylorMade, and Callaway) typically prefer candidates who possess a four-year degree. Majors to Consider: Business Administration and/or Marketing, however, any four-year degree in any discipline is ...
Can you be an independent sales rep for a golf company?
You could become an Independent Sales Representative. The leading golf equipment companies hire their Sales Reps as exclusive employees. That means that you work for that company only and you may not work for and/or sell another product to your customer base.
How do we get started?
I mentioned earlier that this was an area that I have an interest in and one that could really be used to build a business around – especially if it is something that is a passion for you.
How do we sell golf equipment online?
And then we come to probably the most important aspect of this whole online selling caper in that we need to consider how we are going to sell the products that we have decided to promote. Depending on the product, there are a number of methods you can use to do this. Let's explore them below:
What do we need to do?
Once we have all of the above sorted, or at the very least a plan in place, we need to choose and setup the media that we intend to use to sell our product. This can include:
Conclusion
And there it is – How to make money selling golf equipment online. I hope it has been helpful and as usual, please do not hesitate to comment below if you have any questions, need some advice or have any experiences to share.
How many golf clubs are there on eBay?
At any time, you are likely to find well more than 500,000 golf clubs for sale on eBay providing stiff competition if you want to sell your clubs.
What is GolfWRX?
Since GolfWRX is arguably the largest golfing forum online and the website has millions of visitors every month. It provides an opportunity to trade in golf equipment by selling it directly to other golfers in the community. You are not on your own during the process of selling your used golf clubs.
When was GolfWRX founded?
GolfWRX was founded in 2005 to provide a complete golfers forum and build a community of golfers. This includes informative articles on golfing equipment and where golfers can interact on many aspects of golf.
When did golf clubs become shorter?
Golf equipment release cycles became shorter in the late 1990s and left golfers with an abundance of clubs that they wanted to get rid of. This led to the creation of a secondary market for the trade of used golf clubs.
When did 2nd swing golf start?
2 nd Swing started in 2006 when a group of golfers started trading golf clubs and during Masters week of 2007 2nd Swing Golf opened its doors for business in Minnesota.
Is golf an expensive game?
There is no doubt that golf is an expensive game. When starting out in golf (upgrading your current golf set) you don’t always have to buy new clubs. There are many options available for you to buy pre-owned clubs and to sell your used golf clubs. Although there are many new sets available at affordable prices you will be able to get ...
Can you sell your golf clubs on your own?
You are not on your own during the process of selling your used golf clubs. GolfWRX has a complete set of processes to guide you through the transaction. This includes original photographic and video content, peer-to-peer advice, and technical information.