Years ago trying to sell a horse meant placing an advertisement in one of the major publications then wait for the calls to come in. Today with so many people with Internet access, many new avenues have opened up and are available to assist in selling your horse. The major benefits of online advertising are shorter times to market, less restrictions on who sees it (mot just magazine subscribers), and better ways to track the effectiveness of your marketing efforts. Below, we’ve presented some things to keep in mind when starting online marketing of your horse.
Know Your Audience
Take the time and look through the different websites that advertise horses for sale, and find the right one where your horse fits in. For instance, don’t try to sell a cutting horse on a website that advertises jumpers. Conversely, don’t decide to place an ad for your Grand Prix jumper in the local paper.
Free is not always free
Many websites offer free ads and some like Craigslist do a good job of helping local people sell local horses. However, on the major advertising websites, it could be difficult to get people interested in viewing text only ads or advertisements without pictures. Offering ads with full color, and good resolution images, will go much further than just text.
The Price Right
Pricing your horse correctly is one of the important factors. Many times, if you over-price the horse in the beginning, you end up selling it for less money than if you had just priced it correctly to begin with. When determining price make a list of your horse’s positive qualities. Are they enrolled in any incentives like the AQHA Incentive Fund or APHA Breeders’ Trust, are they Kentucky Breeders’ Incentive Fund (KYBIF) eligible?
Once you have a list of their features take the time to review the other ads that are already out there. Find ten good comparable horses, check their prices, and then decide on your listing prince and final selling price.
To get an idea of what comparable horses are selling for, go to KyBIF Only and see what’s listed there.