Online Bidding -Online only Auctions -Social media Advertising
We get asked if a online only auction will work quite often. I thought I would write this post to inform you about some of our success. Yesterday we closed a online only furniture auction that was only advertised via social media platforms and our email list of customers. The results are outstanding.
- We started this auction on the 15th of September and closed it on the 27th. 12 days total start to finish.
- We spent a total of $500 on social media platfoms
- We reached over 71,000 people
- The auction was viewed over 15,000 times on the website
- We Registered 78 bidders
- We made the seller 50% than the original estimatesAll in all the auction was a success. The reason we have implemented Online bidding is because it is our fiduciary responsibility to make the seller (our customer) the most we can!