Auction Software Types
Penny AuctionPrice increases as guests bid, using bids they have earned or purchased. Clock resets when someone bids in final seconds until no one bids within last seconds. In which case last bidder wins.
Seated AuctionAuction does not start until seats are filled. Price increases as guests bid, using bids they have earned or purchased. Clock resets when someone bids in final seconds until no one bids within last seconds. In which case last bidder wins.
Clearance AuctionLike Filene's Basement, great way to sell off minimal inventory.
Random Winner Lottery AuctionPrice increases as guests bid, using bids they have earned or purchased. Clock resets when someone bids in final seconds until no one bids within last seconds. After auction ends winner is chosen randomly those with more bids have the better odds of winning.
Lock Price AuctionNew bidders are locked out after a certain price has been reached.
Lock Time AuctionNew Bidders are locked out after a specified time.
Beginner Only AuctionOnly those who have never won can participate.
How do I start a Penny Auction Website?
Your options for building a penny auction site are numerous.1) you can hire a team of developers and spend weeks even months developing just the basic features of a penny auction app.
2) You can purchase a penny auction bidding app from one of our competitors and hope that it is secure and can handle the high demands of a busy website. and then hire your own developers to add the features and integrations that we offer.
3) Spend a fraction of the time and money and get the features and technology you need right out of the box by purchasing our software
What makes our Penny Auction Software the best?
WebsocketsWebsockets are a way of sending data between the server and users in real time. The connection stays open the whole time a user is connected so unlike AJAX scripts there is no need to reconnect. This reduces issues with latency and server overhead.
NoeJSNodeJS is a super fast super efficient way of connecting to a database and serving data. Mush faster than PHP and more secure.
CodeIgniterCodeIgniter is a modern PHP / Model View Controller framework. We use it to serve files to the browser but only after we strip out comments, new lines and extra whitespace and then compress the file so that the page size is smaller and the page loads quickly. Our pages usually load in under 2 seconds. We also implement caching of your sitesettings. This means no database lookups that might slow the page from rendering.
What are the pitfalls of running a Penny Auction Website?
ChargebacksChargebacks are the number one issue with running a Penny Auction or any Ecommerce Shopping Cart or Market Place website. In this regard we have you covered with highly configurable Two Factor authentication and confirmation.
Our Two Factor Authentication systemCan be implemented nearly anywhere that security or confirmation needs to occur. The challenge code can be random or if configured for your website then a user's PIN number can be used.
Accounting SoftwareOur software ties into Quickbooks so you can always get an advanced view of your profits and expenses.
What should I know about running a Penny Auction, Ecommerce, Shopping Cart or MarketPlace Website?
Is this a get rich quick scheme?Absolutely not, expect to put in a substantial amount of time when you run your own Auction or Ecommerce Business. Time spent on marketing, procuring and finding users, products and vendors.
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