The economy is still tough and businesses of all types are looking for creative ways to get rid of their excess goods and merchandise. Auction software has been around since Ebay and there are plenty of platforms out there, but nothing will increase your revenue and help to liquidate quickly like the latest model to launch. Virtual auction (virtual-auction.biz) is a unique bidding platform in the market because it has broad applications beyond the auction world. It runs live, real-time auctions that mimic the environment of a traditional brick and mortar auction, but it’s online. Many sellers find the timed Ebay style models slow and uneventful until the final few moments, when bidders snipe in a bid in the last second. In comparison, the live auctions have a competitive environment, which creates a sense of urgency and drives your prices higher. Virtual Auction takes things one step further and has also created a virtual auctioneer who captures that excitement found in the ring. Online only auctions are a great way to save money. Whether you are an auction house who is supporting the overhead of the ballroom or a real-estate firm who are paying brokers fees, it eliminates the middle man and puts that buyer’s premium in your pocket. Compared to the web-casted or video steam models, these online only auctions are extremely cost effective. Sellers can run multiple auctions 24/7 and reach customers around the world in their living room. These auctions can be applied to any industry with an online presence and customers who are willing to buy. From wholesalers, retailers, liquidators and distributors this tool is a great application for liquidation of excess units in any industry whether its Real-Estate, wine, apparel, you name it! Existing email campaigns can be used as marketing and the customers are built in to the model. If you have never utilized auctions before, its a great time to start. We wanted to create a platform that was simple to use and would provide businesses and auction houses in any industry with a new outlet for online liquidation, says Steven Kirsch, CEO of Virtual Auction. Virtual Auction created a web-based model that is integrated into an existing business easily with a customized look of their site. The web-based model eliminates the downtime of technical issues and allows customers to be up and running in 48 hours.
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