Archive for October 12, 2014

Oct
12

The Top Three Benefits to Online Auction Software

Manheim

When you are preparing an auction, one of the big decisions you have to make is whether to get a physical venue or to run the auction online. While there is a certain level of tech savvy needed to run an online auction, there are big benefits as well; here are some of the pros to an online auction.

1. Higher Attendance

When you hold an auction, your aim is, naturally, to make as much of a profit as possible. The forum of the auction invites greater profits when you have as large of a pool of bidders as possible. After all, the more people you invite to an auction, the greater the diversity of the bidders’ interests will be and the more likely you are to have bidders interested and invested in each item up for auction. With a physical auction, however, you are limited in the amount of people you can have; first of al