The Functioning of Silent Auction through Mobile Bidding


Donaldrstafford

Uploaded on Feb 9, 2022

Category Business

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Category Business

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The Functioning of Silent Auction through Mobile Bidding

The Functioning of Silent Auction through Mobile Bidding The rise of silent auctions has been slow and gradual. The advent of the Covid-19 pandemic and the resultant lockdowns and social distancing norms have left traditional auctions in the lurch. No more are people allowed to gather at halls and bid feverishly for items. Even though the fun and excitement of these auctions are missing statutory regulations have to be followed. To avoid the scenario where people have to be in halls cramped together, a setting of mobile bidding silent auction is now the preferred route for fundraisers. There are several areas of difference between a traditional auction and a mobile bidding silent auction. Since readers will be all too familiar with the former, the focus here will be on silent auctions. Silent auctions are events where nobody calls out the bids. In physical silent auctions, the bids are written on a sheet of paper kept before each item on display. In Internet-based events, mobile bidding silent auction is conducted. It is called so because the auction is conducted silently via websites that use specialized software to do so and the bidding is done through any Internet-enabled device such as a smartphone, laptop, or tablet. How is a mobile bidding silent auction carried out through the websites? The main difference with the usual auctions is that the items are not physically displayed. Instead, photographs of the goods are uploaded on the websites. People have to register first for the online auction before being eligible to participate in the event. They can verify the items at leisure and decide which to bid for on the day of the auction. A mobile bidding silent auction is cost-effective to organize as a lot of expenses are saved – hiring of a venue and an auctioneer and transporting the items physically to the hall. Instead, participants of a mobile bidding silent auction verify the photos only, and the winning items are shipped directly from the sponsoring merchants. How does mobile bidding take place? After logging in to the auction site participants can easily go through the whole process of this online event. The most convenient aspect here is that bidding can be done while on the go or from any part of the world. Once you place a bid, you have to wait until it is crossed by someone else following which a notification will be sent to you. At this stage, you can either opt to carry on or choose to drop out. A critical benefit of mobile bidding silent auction is that you do not have to constantly monitor the bidding. Set a maximum bid price and you will be reminded about it when others reach that level after bidding. The problem here though is that if the bidding for your item stops well below your level you still have to pay the enhanced bid for that item.