{"id":182684,"date":"2019-06-29T13:57:52","date_gmt":"2019-06-29T13:57:52","guid":{"rendered":"https:\/\/webkul.com\/blog\/?p=182684"},"modified":"2024-10-29T10:55:03","modified_gmt":"2024-10-29T10:55:03","slug":"create-an-online-auction-website","status":"publish","type":"post","link":"https:\/\/webkul.com\/blog\/create-an-online-auction-website\/","title":{"rendered":"Rev up your revenue by creating an online auction website"},"content":{"rendered":"\n<p>Putting auctions on your products rather than just displaying them for a simple purchase can give you the opportunity to score big savings.<\/p>\n\n\n\n<p class=\"has-text-color\" style=\"color:#34464d\"> In the course of a recent couple of years, masses of new auction sites have come to the field. From <a aria-label=\"DealDash (opens in a new tab)\" href=\"https:\/\/www.dealdash.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">DealDash<\/a> to <a aria-label=\"AuctionKing (opens in a new tab)\" href=\"https:\/\/auctionking.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">AuctionKing<\/a>, everyone is up to exploit this road to boost their revenue. <\/p>\n\n\n\n<p class=\"has-text-color\" style=\"color:#34464d\">Even the eCommerce giant like <a aria-label=\"eBay (opens in a new tab)\" href=\"https:\/\/www.ebay.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">eBay<\/a> is up with their <strong>eBay Auction services.<\/strong><\/p>\n\n\n\n<p>Let&#8217;s dive into this article where we are about to discuss how starting an online auction service on your eCommerce platform can pump up your selling experience &amp; overall revenue. <\/p>\n\n\n\n<p>Moreover, at the end of this article, I am going to share a suitable solution to create an online auction website with ease.<\/p>\n\n\n\n<p><strong>Auction<\/strong> (A Latin word meaning &#8216;<em>I increase<\/em>&#8216;) is an old approach of selling products\/services by putting them up for bidding &amp; ultimately the product goes to the highest bidder. <\/p>\n\n\n\n<p>Before, the auctions usually occur in auction houses on products as land, fields, heavy machines or even the ornaments. <\/p>\n\n\n\n<p>But today, the whole auction scenario is turned upside-down keeping the roots intact.<\/p>\n\n\n\n<p>The <strong>online<\/strong> or <strong>virtual auction<\/strong> has taken place of the old-school auction method. There are strong reasons behind them; dropping a few of them down:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When it comes to &#8216;live auction&#8217; the major drawback is location constraint. Holding a live auction will only let you reach a specific audience whereas, an online auction can cover a large audience globally. <\/li>\n\n\n\n<li>Nobody actually has the time to attend an auction physically. Chances are you would be stuck in traffic &amp; the item goes out.<\/li>\n\n\n\n<li>Moreover, if you won an auction online, you don&#8217;t need to take care of the delivery of the item yourself. It will get delivered to you well-packed on your doorstep.<\/li>\n\n\n\n<li>On online auction, you&#8217;ll get a number of choices to bid for with a huge margin.<\/li>\n\n\n\n<li>Nowadays, you can display anything &amp; everything on an online auction from your old sofa to a wall painting.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1200\" height=\"682\" src=\"https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1200x682.png\" alt=\"How to create an online auction website\" class=\"wp-image-182759\" srcset=\"https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1200x682.png 1200w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-250x142.png 250w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-300x171.png 300w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-768x437.png 768w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube.png 1351w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\" \/><\/figure>\n<\/div>\n\n\n<p>Online auctions are exciting as they let the participants make bids at the moment with the pressure from a seller\/auctioneer, their companions, and their own urge to win the auction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Putting slow products up for auction<\/h2>\n\n\n\n<p>For merchants who are not using drop shipping as their selling method and <\/p>\n\n\n\n<p>instead are managing their own inventory know the pain of the products that are stocked and are not doing well or simply not being sold out. <\/p>\n\n\n\n<p>Here, the auction comes into the play to cure that pain. Merchants can put their overstocked products up for auction at lower prices. <\/p>\n\n\n\n<p>Since something is better than nothing, they&#8217;ll earn something from those products rather than just letting them rust in the warehouse.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The trick to increasing your revenue with an auction joining fee<\/h2>\n\n\n\n<p class=\"has-text-color\" style=\"color:#204b5d\"><em>In an auction, you get both the head &amp; the tail. Kind of a win-win situation!<\/em><\/p>\n\n\n\n<p>Merchants can put their products on auction with the least prices just to tempt their customers, but what benefits them is the &#8216;joining fee&#8217;.<\/p>\n\n\n\n<p>Let&#8217;s understand this with an instance:<\/p>\n\n\n\n<p>A merchant puts up a product of actual worth of $100 on auction for $10. He has also applied an auction joining fee of $5. <\/p>\n\n\n\n<p>Now, even if 20 people joined the auction, the merchant will receive the actual amount of product, i.e., $100. He is already in profit even if the product goes for $10 with the auction.<\/p>\n\n\n\n<p>Thus, the joining fee is a factor that will profit you in every sense. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mark these points to keep your online auction game strong<\/h2>\n\n\n\n<p>What if the merchant puts a product up for auction and it doesn&#8217;t receive a good number of bids. Thus, resulting in a sell on a very bitter price.<\/p>\n\n\n\n<p>Here are a few things you must jot down before putting the product on auction:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Notify your customers about the upcoming online auctions on your website &amp; the email content should be persuasive enough to make them participate. Make your website look good &amp; announce the auctions taking place with banners on your storefront.<\/li>\n\n\n\n<li>Be consistent and try to put as much range of products on auction as you can. Customers love choices and moreover, they&#8217;ll have the hope that if not this then maybe they&#8217;ll win the other one. But make sure to not go overboard with it as it will reduce the zeal of the competition.<\/li>\n\n\n\n<li>Make sure that the platform and application you are using to start your auction website is user-friendly. This will not complicate your customers or make them run away even before participating.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">A Solution for Online Auction<\/h2>\n\n\n\n<p>If you are running an eCommerce store using <strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.shopify.com\/?ref=webkul\" target=\"_blank\">Shopify<\/a><\/strong> then the best solution to convert it into an auction website is the <a rel=\"noreferrer noopener\" aria-label=\"Product Auction (opens in a new tab)\" href=\"https:\/\/apps.shopify.com\/product-auction\" target=\"_blank\">Product Auction<\/a> app.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"1200\" height=\"576\" src=\"https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1-1200x576.png\" alt=\"How to build an online auction website\" class=\"wp-image-182763\" srcset=\"https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1-1200x576.png 1200w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1-250x120.png 250w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1-300x144.png 300w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1-768x368.png 768w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Product-Auction-App-By-Webkul-YouTube-1.png 1347w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" loading=\"lazy\" \/><\/figure>\n<\/div>\n\n\n<p><strong><a rel=\"noreferrer noopener\" aria-label=\"Product Auction App (opens in a new tab)\" href=\"https:\/\/webkul.com\/blog\/shopify-product-auction\/\" target=\"_blank\">Product Auction App<\/a> <\/strong>for Shopify&nbsp;permits you to enable the feature of&nbsp;<strong>auction\/bidding<\/strong>&nbsp;on your Shopify store and you can monitor all the happenings&nbsp;related to the auction from the app itself.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Key features of the app:<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Admin can create and manage auction for any product.<\/li>\n\n\n\n<li>He can add a joining fee for participating in the auction.<\/li>\n\n\n\n<li>The admin can notify his customers to participate in upcoming auctions in advance.<\/li>\n\n\n\n<li>Proxy Bidding ( Automatic Bidding): Customers can set the maximum value and until the auction reaches that value, the bid will automatically take place.<\/li>\n\n\n\n<li>Winners will automatically receive email notifications and can also view bidding history on the storefront.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"634\" height=\"562\" src=\"https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Shopify-Auction-Simple-Dynamic-Attractive.png\" alt=\"How to build an online auction website\" class=\"wp-image-182772\" srcset=\"https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Shopify-Auction-Simple-Dynamic-Attractive.png 634w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Shopify-Auction-Simple-Dynamic-Attractive-250x222.png 250w, https:\/\/cdnblog.webkul.com\/blog\/wp-content\/uploads\/2019\/06\/Shopify-Auction-Simple-Dynamic-Attractive-300x266.png 300w\" sizes=\"(max-width: 634px) 100vw, 634px\" loading=\"lazy\" \/><\/figure>\n<\/div>\n\n\n<p>So, don&#8217;t wait &amp; turn your <strong>Shopify<\/strong> eCommerce store into an auction website today! <br>Install the app: <a href=\"https:\/\/apps.shopify.com\/product-auction\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Product Auction (opens in a new tab)\">Product Auction<\/a><\/p>\n\n\n\n<p>If you have suggestions to make something better, do let us know.<\/p>\n\n\n\n<p>In case of any issue or suggestion, create a ticket at&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/webkul.uvdesk.com\/en\/\" target=\"_blank\">Webkul UV desk<\/a>.<\/p>\n\n\n\n<p><em>\u2800\u2800\u2800\u2800\u2800\u2800\u2800\u2800<\/em><\/p>\n\n\n\n<p>Until next time. \ud83d\udc4b<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Putting auctions on your products rather than just displaying them for a simple purchase can give you the opportunity to score big savings. In the course of a recent couple of years, masses of new auction sites have come to the field. From DealDash to AuctionKing, everyone is up to exploit this road to boost <a href=\"https:\/\/webkul.com\/blog\/create-an-online-auction-website\/\">[&#8230;]<\/a><\/p>\n","protected":false},"author":241,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336,15592,1838,841],"tags":[2072,3725,8970,8966,8972,8594,8962,8969,8965,8967,8968,2345,416,8971,837,8756],"class_list":["post-182684","post","type-post","status-publish","format-standard","hentry","category-auction","category-knowledge-base-webkul-product-auction","category-marketplace-auction","category-shopify","tag-auction","tag-auction-joining-fee","tag-auction-sites","tag-best-online-auction-sites","tag-increase-reveue","tag-make-money-online","tag-online-auction","tag-online-auction-india","tag-online-auction-sites","tag-online-auction-websites","tag-online-auctions","tag-online-store","tag-product-auction","tag-proxy-bidding","tag-shopify","tag-shopify-dropshipping"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - 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