Keeping the Auction Alive: one update at a time?

Ask me a year ago if I would ever work for a software company, and I would have shook my head vigorously. Sell my soul to technology? Never. But in the antiqued light of the Sheraton ballroom, I can’t help but feel that companies like Wavebid-  far from...

Can Your Bidder Make a Decision?

Every item you list in an online auction should include all the information a buyer needs to make a decision.  What is that information, you ask? Keep reading. Here’s what I have learned after selling over $50,000,000 in online auctions. 1)    Detailed...

Is Your Website Helping the Competition?

I’m in the unique position of speaking candidly to auctioneers about their business.  One of the frustrating parts of my job is talking to very successful people about their very unsuccessful website. The purpose of a website is to showcase your business. The...

(8) Ways to Charge Auction Expenses

(8) Ways to Charge Auction Expenses Running a successful auction business requires many things.  There are marketing expenses, travel expenses, labor expenses just to name a few.  Tracking expenses and billing them correctly is an important part of the auction...

Are Penny Auctions Illegal Gambling or Legit Auction?

Penny Auctions have gained a lot of momentum as a form of online entertainment. Does the vary name of this legal form of gambling have a potential to damage the real auction industry? The auction method of marketing means selling to the highest bidder. The penny...

Facebook for Auctioneers

Facebook for Auctioneers If you want to know some basics about Facebook and how you can use it in your auction business, here are (5) simple things for auctioneers to try. Note: if you are looking for advanced tactics to implement your social media marketing strategy...

Q: Can a Seller Catalog & Photograph their Online Auction? A: Yes!

by Russ Hilk I am an auctioneer. I have worked with hundreds of sellers in my 10 + years of experience. Let me start by saying that 90% or more of sellers have no business setting up their own auctions. A well-trained online auctioneer can get more money from an...

What is Cloud Computing? Why do I care?

True Cloud Computing What Is Cloud Computing? Cloud computing is a computing model that lets you access software, server, and storage resources over the Internet in a self-service manner. What this means is that you do not need to buy, install, maintain, and manage...

5 Ways to Improve YOUR Selling Prices on Bidspotter

Bidspotter provides one of the best platforms to sell industrial assets at auction online. There are literally thousands of shoppers looking at auctions for their next big purchase.  How well the items are presented online has a major impact on selling prices....

The “Info Lot” the most valuable lowest value lot in an auction.

The “Info Lot” The “Info Lot” is the best way I have found to get important auction information to buyers who are bidding online.  It is no secret that the majority of bidders never read the terms and conditions associated with an auction. Many buyers skip all the...