Online auction is fast growing b2c & b2b business model. Auction has been since 500 Bc & has been popular with goods & services that rare & used. It is most used format for determining correct pricing for product and services.Governments world over used tendering process which in another form of auction where by multiple levels of bidding is used to determine righfull bidder.
Modern day auction are popular with B2C, Companies like Bidz , ebay are world leader in online auction services. Ebay is NASDAQ listed & is most visited website in World Top 100. Ebay attacts millions of visitors daily for variety of products that are sold by various business world wide.
Traditional auction companies has been growing very well in this online internet auction marketplace . Chistie’s & Southeby’s are world’s biggest private auction companies, they release their catalog and invite buyers online as well offline for the auction.
Another example of online bidding for services is companies like elance.com where by they provide platform to outsourcing companies put their profiles & portfolio, clients put their projects & companies makes bid after evaulating tecnical & commerical requirement.
Various industries are benefiting the from the online auction some of them are second machinery marketplace, agriculture commodities like tea, coffee, flowers are moving towards secured online auction platform.
MakeYourSoftware.com provides online auction software solutions. The auction software helps startups & business to establish oline auction website marketplace. The auction script has been developed in php & jquery. The software has been targetted to b2c formats. Where by business can register online auction put the product on the auction format. People can bid on the auction at their easiness. Script also offers auto bid features & buy now option as well.Further Team at MakeYourSoftware also provides complete customization of auction website design & custom auction project development.MakeYourSoftware.com Provides Auction Software for the Online Website
Please view the complete feature list. In coming article we discuss the popular online auction formats – so keep tuned for out next verison of the auction article.