Business Network Texas
Companies:72,949
Products and Services:2,512
Articles and publications:1,234 (+2)
Tenders & Vacancies:77

Silent auction changes the system of bidding
Recently updated

Silent auction changes the system of bidding
11/25/2021
Silent auctions are one of the best ways to attract bidder and to keep them engaged in the fundraising programme.

It is a non-profit fundraising event and a charity auction where the organization or the organizer auctions the items of interest to the customer and the items are sold to the highest bidder. The biddings were conducted mostly using paper bid sheets, but with the advancement in technology now mobile bidding silent auction software are also available. The silent auction is considered as one of the best ways to raise the desired fund and since they come with a built-in incentive the chances of buying a sought-after item by the bidder are high. So, it is profitable to both the organizer and the bidder. Silent auctions are one of the best ways to attract bidder and to keep them engaged in the fundraising programme.

Bid sheets

Bid sheets have been used for bidding from quite some times. This is a traditional method and is still followed by people who prefer to have a traditional silent auction.  Pieces of paper are kept beside the auction item. These sheets consist of 15-20 rows for bidding wherein the interested participant writes down his/her interested bidding amount on the first available entry row. It is quite complicated and requires much involved bidding process. The chances that the organisation might raise the desired amount of money are low.

Mobile bidding

With the advancements in technology, the use of software for silent bidding has come into handy. With the help of the Silent auction software, the participants can place bids for the items online through their smartphones. They can either choose to bid manually or select the maximum bidding amount so that the silent auction software can place the bids for them. Because of the ease in the process, mobile bidding helps raise more money. Since the payment is done through the pre-registered credit/debit card, there are fewer problems during the checkout process when compared to the traditional method.

Few points to be kept in mind before conducting a silent auction are:

·         The items involved should interest the target audience.

·         It should be under the price range of the participants.

·         The items should hold some uniqueness to attract the buyers.

Now a days, online auction websites can be easily created where the organizers can prepare a catalogue of the items, give in the basic event details with photos and other vital information. One such portal is the auctionsoftware.com which helps create a website from the scratch depending on the needs and wishes of the organizer. An online auction website is eco-friendly as no paper is being used, cost effective, efficient and the organizer also gets a chance to make chances and update the information at any point of time.

Original Link: https://penzu.com/p/7f2156a7

view all (4)

Other articles and publications:

You can compare the specs of multiple software at the same time and then select. If the software is genuine then it offers with best advantages.
9/24/2021
Auction software is a highly automated system. It will ease the process of placing bids during any auction.
10/28/2021
Are you looking for Marketplace Software and are lack information regarding it? You can gain some information from this guide as it mentions a few tips that you should follow before picking.
7/29/2020

Articles and publications of other companies:

Mac devices are one of the most secure, robust, and technologically advanced devices that offer seamless user experience.
4/17/2017
Headquartered in Austin, TX, Fourlane is the leading provider and reseller of QuickBooks Solutions.
11/29/2020
Many of issue faces Mozilla user while they are continues using their personal browser but when they look unable to find a matching set of capabilities Firefox portable then they want instant solution
9/10/2018
Sophia Antonio Sophia Antonio
Information may not be reliable
Hi, I am live in Texas & working for QuickBooks software solution in accounting helpline. Where i solve QuickBooks errors and issues like QuickBooks Company File Error 6189 -816, QBWC1085 errors.
8/2/2019
Business details
  • +1 (972200) 551-6
  • Richardson, TX 75080, United States
Auction Software provides the SaaS e-commerce Auction and white-label product for Buy and sells tools which can be customized to Silent Auction, Reverse Auction Software & Marketplace.
×