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More Auction Types

Turbo Auctions- A Turbo Auction, allows the seller to auction low priced items and possibly garner quick and enthusiastic bidding on highly desired items. This is done by forcing the Turbo Auction to always start at a low fixed amount, and does not allow for a Reserve price option. Otherwise the Turbo Auction is just like a standard auction in that the highest bidder at the close of the auction is the winner of the auction.

Silent Auctions - A silent auction is exactly like a normal auction in that something is being auctioned off to the highest bidder - with the exception that submitted bids are not made available to the public. The benefit for bidders is in the fact that there will be no pressure placed on you, as there often is with an open auction when you must openly compete with the bid amounts others have submitted. In a Silent Auction, you simply place a bid in the amount you would like to offer - starting at the minimum bid amount, and if you're the highest bidder at the conclusion of the auction, you're selected as the winnner of the item that was auctioned.

Barter Auctions - The bidders get to offer a combination of goods/services and possibly cash, for the item being offered and the seller is able to choose which offer they will accept.

Reverse Auctions - While traditional auctions involve a single seller and many buyers, a reverse auction generally involves many sellers and one buyer.

Linked Auctions - This auction has a link to the item which is offered for sale on another web site . The whole deal is then concluded at this linked site. It is particularly useful if you have your own Shopping Cart installed.

 

 


 

 


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