Most people assume that an auction software can only be used for auction transactions. But, we saw the need to make software that could be used for a variety of purposes, so our auction software can also be used as a buy and sell marketplace if you prefer. Here’s what you need to know about the differences between an auction format and a buy and sell marketplace.
Bidding on Auction Items
When a website is setup as an auction site, there isn’t a set price established for the items that are being sold. The seller might specify the price at which the bidding starts, but it is hard to predict the selling price since people are bidding on the items that are for sale. Some items might sell at a higher price or lower price than you might have guessed before the auction started.
Auctions can be very beneficial for certain marketplaces, because the auction format helps to keep the product moving and the price is higher for in-demand products.
Buy and Sell Marketplace
On the other hand, a buy and sell marketplace allows the sellers to setup specific prices for each product, so that the buyers know exactly how much they need to pay for the items that they want to purchase. The advantage to this process is the fact that the seller will always know the profit margins for the products that are being sold, and some buyers prefer to buy the product right away instead of spending the time that is needed to outbid other people who are also interested in that product.
If you setup a buy and sell marketplace, you are creating an area where sellers can use your website to connect with people who are interested in buying the products that they are selling. They can setup the price for each product, without having to worry about the auction process.
Best of Both Worlds
Our goal is to provide you with the software platform that makes it easy for you to setup the type of website that you desire. Our auction software is very user friendly, and it offers unique features that make it simple for you to setup the website to match your individual needs. For example, you can choose the way the selling functions will work, and either an auction format can be setup or you can use a buy and sell marketplace if it makes more sense for your website.
The advantage to using our software is the fact that it is well tested and used by some large companies. We have worked hard to provide you with the best auction software that is available on the market, and our software has gone through rigorous testing to be sure that you are using a high quality software.
By using a pre-made auction software, you can save yourself the time, effort and cost of having a website created from scratch. It can be very expensive to pay a website designer to create an auction platform for you, which is why it makes more sense to use a software that is already designed. Contact us to learn more about the ways that your website can benefit from an auction software.