The Functioning of Online Silent Auction Sites

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 How online silent auction sites function can be understood from the name itself. Unlike traditional auctions, these events are conducted online, no participants are milling around in a confined space, and the items up for auctions are not exhibited physically at a venue.

At online silent auction sites, participants do not call out the bids but instead place them silently through any Internet-enabled device such as a smartphone, laptop, or tablet. You have to first register and then only gain access to the sites.




The main convenience here is that you can take part in the bidding while on the go. After registration and inspection of the items via photographs, you can place your bid on the day of the auction from any remote location. As soon as that bid is crossed a notification about it will be sent to you and you can either choose to place a fresh bid or drop out.  

To save time, you can put your maximum bid for an item at online silent auction sites. The bidding will be carried out by others starting from the base price and you will be informed only when your pre-determined price is reached. Hence, you do not have to continuously monitor the bidding wh8ile on the go.

From the viewpoint of organizers, conducting events on online silent auction sites are more cost-effective than usual auctions. Infrastructure costs like hiring of venues, transporting the goods physically, and hiring an auctioneer are not there. Instead, only nominal administrative charges for displaying photographs and use of the software as well as payment gateway fees have to be paid only. Profits are maximized on online silent auction sites.               

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