Do you know what an online auction is?
I bet you do, and you probably already considered selling products on the eBay network, the number one name in the field who built an empire on this method of sales and got millions of people used to buying online for their best offers, taking part in a sort of race to the purchase.
Users who are interested in auctions are moved by the chance to get items at low prices and motivated to make a bid which in most cases turns into an immediate raise as soon as they are outbid.
HOW DO YOU GET A WHOLE QUEUE OF PEOPLE COMPETING TO BUY YOUR PRODUCTS?
Auctions are simple: anybody can place a bid for a specific product and if no other bid exceeds the previous one, then they win the item.
This allows buyers to grab products for their best price and allows vendors to generate a profit sometimes bigger than anticipated.
Using our YITH WooCommerce Auction plugin you will not only be able to make auctions for your products, but thanks to the integration of our YITH WooCommerce Multi-Vendor you will have the chance to create a real portal for online auctions, allowing all of your vendors to create auctions of their own and letting you earn a share on each one of their sales.
And much more!