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All You Need To Know About Silent Auction Online

By Adela Beasley

Silent auctions goes back several centuries before, indeed its been around for years hence it’s not as uncommon as you first though it would be. But as technology continues to influence every industry in the market, it’s not much of a surprise for such auctions to move through the web, thus the term silent auction online.

On stream auctions are indeed a great option to raise funds for your charity works, get additional support for yours cause and have fun at the same time. But just because it is health through the web, it would be a piece of cake. Like any special activity, on stream auctioning needs ones to make a solid plan and a considerable amount of time while doing so as well.

Technical expertise is the one thing that you would most likely need as several software are already available in the internet. On stream auctions work similar to that real auctions you may have participated, heard of and perhaps seen on movies. But instead of creating showrooms, potential participants will have to be on the charity’s web page and scan through pictures on the items being auctioned.

Potential bidders will browse through your page, take a look on the pictures, its description and its corresponding price. The participant of the sell off activity will enter the maximum price he will be willing to pay directly on the website. It will be the system that will bid for him, as current prices increase by small increments up until the maximum amount a participant is willing to pay.

Potential bidders will have to browse your page or website and view auctioned item, with its complete descriptions and its corresponding prices. Most often than not on stream auctions uses proxy bidding wherein the tool used for the activity acts as your trusted representative during live auctions. The system will be the one to do the bidding.

To ensure a successful sell off and raise money for your charity it is highly important for one to plan overall approach on the whole activity. This includes the size of the activity, will there be a certain theme particularly on the auctioned items or is it better to try a variety of items. That being said, it is important for one to collect items to sell however make sure that these items are interesting enough for the participants to bid.

More so, find items to sell off. A successful activity needs a great number of interesting and attractive products to sell off. Just like any other industry, marketing plays a great part towards the success of the activity. One is advised to reach out on people that you would very much like to participate. Make sure to get web savvy participants to increase chances of success.

Make sure to offer remarkable customer service as well as an excellent shipping service. Be prepared to be responsive on the inquiries. Please your participants as much as you could as they will be the one to give the ratings. Accuracy of item description and timeliness of shipments is the key to success of your charity.

Before considering a silent auction online, make sure that you are fully prepared for it, and has the right determination, patience and passion as it isn’t the simplest thing to actually do.

You can visit the website www.invizbid.com for more helpful information about Understanding How Silent Auction Online Works

Article kindly provided by UberArticles.com

Topics: Auctions | Comments Off

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Article Citation
MLA Style Citation:
Beasley, Adela "All You Need To Know About Silent Auction Online." All You Need To Know About Silent Auction Online. 16 Jun. 2013. uberarticles.com. 21 Jul 2014 <http://uberarticles.com/auctions/all-you-need-to-know-about-silent-auction-online/>.

APA Style Citation:
Beasley, A (2013, June 16). All You Need To Know About Silent Auction Online. Retrieved July 21, 2014, from http://uberarticles.com/auctions/all-you-need-to-know-about-silent-auction-online/

Chicago Style Citation:
Beasley, Adela "All You Need To Know About Silent Auction Online" uberarticles.com. http://uberarticles.com/auctions/all-you-need-to-know-about-silent-auction-online/


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