Forward Auction is one of Auction software. We have several types of auction, will explain you one by one.

 

Roles:

 

• Seller

• Buyer

 

 

Project Posting(Seller):

 

-> Seller only posting a project, always bidder is buyer in forward auction. Buyer bidding the project in some value which is set start price and met price by seller or admin.

-> Once bidder start the bidding in some projects, that project have end date, Once reach the end date, this project goes to closed project if no one bidded.

 

Bidding(Buyer):

 

->Buyer can see the open project in active bids page, they can select any projects to bid based upon there location or matching preferrences.

-> They can bid before end date of project.

 

Reserve Met Price:

 

-> Met price is setting by admin or seller. This concept is when the bid was reach the reserve price met then only the project owner select the bidder who bidded higher amount, else untill seller wait for reach the reserve price met.

 

AutoAwarded:

 

-> If buyer’s bidded to projects, but seller not statisfied bid amounts after reach end date, Awarded automatically to higher bidded user, even if seller select any buyer.

 

Referral Program:

-> We have Referral Program features in Forward Auction. Referral Program is another way to earn more money when you are invite someone, and that same user registered in the site and completed the first projects, then refer user get $10.

-> It’s helped each of these leading online business grow by engaging and leveraging their brand’s biggest assets.

 

Banner Ads(Buyer):

-> Banner ads are one of the most prolific forms of marketing used in today’s online world.

-> All companies use them in one form or another because they’re an affordable, measurable and effective medium to increase brand awareness.

-> Keep content and visuals simple. Viewers are probably only going to glance at your web banner ad for a second.

 

Escrow Payment:

-> Escrow Payment like holding the funds between buyer to seller. Admin only have the access for releasing the payment.

-> Seller can able to send an release funds request to buyer. Because buyer not yet paid the amound to seller.

-> We are holding the funds securely.

-> Once Admin approve, then only the funds credit to the correspond users.

 

Search Category:

-> Feel free to search needed category. All types of accessories is available here. We have only branded and quality categories.

-> If you have any clarification you can contact us and we take your query seriously.

 

Saved Search:

-> In our Forward Auction, We always have to keep customer’s speed. Our site can mange the customer search and saved search easily.

->The site have saved search. When you expecting one category but that time we don’t have same categories means you can save your search for later use.

-> Next time you can easily find out the needed category before another customer get awarded.

 

Notifications:

-> We have many customers, Some customers happy to use all features, but else like only bidding,awading.

-> In this scenario we have one features called notification. Here can able to receive email and mobile SMS while Submitting the Bid, Awarding, Payment, etc.

-> Many customer’s hopefully liked this. But some customer’s cannot like this. So we are added enable and disable options under the notifications.

-> As per they wish, they can enable or disable this functionality.

 

Block Users:

-> We have Block User features too. If someone playing with bidding means you can find his email and block it. Then block user cannot see your project list. They cannot bid also.