As in most activities of life – from shopping to booking holiday packages, auctions today have also gone the online route. Top online auction sites make it easy and seamless for fundraisers to raise money for their favorite cause. This is possible because the Internet is unlimited in its scope and reach and any auction on specialized auction portals draws bidders from all over the globe, Hence, as an auction organizer, you are almost assured of the sell-out of all items at prices that are markedly higher than traditional auctions.
How do top online auction sites work?
First, and most importantly, expenses for conducting an
online auction are minimal. As against the older in-premises version, there are
no outlays for hiring a venue and an auctioneer, physically transporting the
goods to the auction hall, and hiring people to help you out. On top online
auction sites, only the photos are uploaded to the site and the goods
remain with the sponsoring merchants to be directly shipped to the winners.
However, some online auction sites charge nominal
administrative charges and you have to pay the full fees only of third-party
service providers like payment gateways.
All top online auction sites are fully-managed
platforms. The software takes care of every aspect and hence most functions are
automated. Services provided include registration of the participants, having
photos of the items displayed on the site (often two to three photos of the
same item from different angles), conducting the bidding, declaring the
winners, and providing payment gateways. The organizers have to only take care
of the shipping and dispatch.
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