Live Auction Software

 

Taking your live auctions to the internet how can this help your businesses as a full time professional auction house?  Many auctioneers feel that adding an internet component to their auctions could add additional work for little returns, create friction with floor bidders and not pay for the “cost of implementation” or provide sufficient returns.

 

Live Auction Software-Setting the record straight

Any tool that you use takes some kind of resources or work.  Computers, clerking software, accounting software etc are all business tools that you have invested in and use daily.  At some point there was a time investment in learning to utilize them but now you used them all every day, the investment is paying dividends, you will experience the same thing when using Live Auction Software.   Live auction software allows online bidders to participate in existing floor auctions.  These internet bidders are serious bidders approved by you and want what you are auctioning.  There bids will drive up the hammer price of all bids floor and internet as well as add more bidders to the auction pool.  This mean higher hammer prices every auction and more money in your pocket.  Will your floor bidders mind that you offer internet bidding?  Well maybe some might but ultimate that is out of self interest, they want to pay the least amount possible.  However eventually they might even choose to take advantage of internet bidding due to the convenience.  Ultimately it will be come a standard part of your business process and no one will be able to live without it.

Live Auction Software-What does it Cost

It is expensive to develop custom bidding solution with robust invoicing and payment processing features not to mention the ability to stream live audio and video during an auction.  However Virtual Auction provides our Live Auction Software for a very reasonable price.  If you don’t use it you wont pay a thing after the initial set up.  There are no contracts and no mandatory monthly fees.  Give us a call to learn more about all the features and pricing of our Live Auction Software.