It is now common for organizers to use top online auction sites as a part of their fundraising efforts. One is the many benefits that these sites offer and the other is the forced restrictions on large gatherings and social distancing norms enforced after the Covid-19 pandemic.
So how do these top online auction sites function and
why do they have an edge over the traditional auctions.
The first is the cost factor. In traditional auctions,
setting up the event itself can be quite expensive. A hall and an auctioneer
have to be hired to hold the auction along with other staff to take care of
sundry work. The items for sale have to be physically transported from donors
and sponsoring merchants to the venue and displayed on tables for verification
by the potential bidders. Calculate the expenses, and together all these can
cost a pretty sum.
Top online auction sites, on the other hand, provide fully-managed
services through websites that use specialized software to conduct the
proceedings. Everything from registration of participants to conducting the
bidding, to declaring the winners and offering payment gateways are taken care
of. Moreover, the items do not have to be physically transported anywhere but
only their photos are uploaded on the site. This leads to substantial savings
and higher profitability, two critical goals of all fundraisers.
The offers for items on sale at top online auction sites are
higher too. This is because as the auction is carried out over the Internet,
people from all corners of the globe can take part. The bidding is, therefore, more
competitive and fiercer with nobody giving any quarter, thereby pushing up the
prices.
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