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Selling at auction is one of the most effective marketing methods. This sales approach is also called the “deadline method of sale” because of the established sales date and time. With the Magento Auction Pro extension by aheadWorks, you can get maximum profit from this powerful strategy.
No matter whether you are in strong or slow market, the Magento Auction Pro module will definitely benefit you as a seller. In a strong market, emulative spirit accompanies the bidding process and guarantees unlimited upside potential. In a slow market, you can sell your products rapidly at current market price. Thus with our Magento Auction Pro extension, you don’t risk to overprice and then constantly reduce price to stimulate your customers interest.
Your auction product is neither overpriced nor undersold; its value is determined by the market and individual buyers. At an auction, competitive bidding among potential buyers means that the selling price often exceeds the expected value of the property, maximizing the sale price for the seller.
With the Magento Auction Pro extension, sellers benefit as well as their customers!
Benefits for sellers
- A 99% successful closing rate
- You set terms and conditions of the sale
- Auction accelerates the sale of your goods
- You know when your products will sell
- You know that your products will be sold at true market value
- Auctions create competition among potential buyers
- Auction price can exceed the price of a negotiated sale price
- Auction generates excitement and heightens buyer interest
- Auctions reduce the time your products are on the market
- Auction process requires action and a decision from buyers – they must act now or lose the opportunity to purchase
Benefits for buyers
- Your customers know that the terms and conditions of the auction are the same for everyone. They know they are competing fairly and on the same terms as all other buyers. When property is sold by auction, no potential buyer has an unfair advantage.
- Your customers determines purchase price by competitive bidding.
- Your customers feel better about purchase – they know that there was a contending bid just one increment under the purchase price.
- Your customers gain confidence as they compete.
The Auction Pro Magento extension features:
- Separate category
- Possibility to add Auction category to top links
- Intuitive auction management
- Easy-to-use bids management
- Auto-creation of cart for winner
- Customized notifications of new bid and auction ending
- Auction process logging
- Automatically sent to all participants offer to buy the product for the maximal bid
- Ability to allow buy out
- Ability to notify participants of higher bids
- Supported product types:
- Multistore support
Thank you guys!
You get all you need
This thing can be successfully used both for regular promo offers, and for selling some exclusive stuff.
The extension pays its price tenfold, that's for sure.
Keep up the superb work
Well worth the money.
Knowledge Base Articles
Magento Editions Compatibility:
- Community: 18.104.22.168 - 22.214.171.124
- Enterprise: 126.96.36.199 - 188.8.131.52