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Saturday, January 9, 2010

How to start internet penny auction slowly?

If you have a limited advertising budget, then think about a so-called "accelerating penny auction".
It works as follows - initially any auction item has a date and time, when the auction should finish. In general, it is possible to bid on items before this time. The last bidder at the finish time is the winner. But every bid adds 1 penny to the starting price and also adds a short time interval, for example, 90 seconds, to the end time. In fact, after the initial end time the auction works as an ordinary penny auction.

The idea is, that the owner of the auction has more time for advertising and a slow launch of his auction, because the end time of the auction may be a few days away.

2 comments - post a comment:

  1. Hi,
    Professional Auction Script Software offers flexibility and advanced features that are simple to deploy and easy to manage.

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  2. Hello,
    Thanks for sharing this wonderful and interesting news about Auction.
    nice keep it up.

    ReplyDelete