Description

• You will benefit from an effective model business catching the eye of those customers who usually take part in auctions to get products at advantageous prices;
• You will sell unique and refined products without diminishing their market value by setting a minimum start price to increase the profit margin;
• You will take advantage of the scarcity and competition principles to offer an ad hoc product, such as a custom or out-of-stock item, that your customers will perceive as unmissable.

YITH WooCommerce Auction Premium is a plugin that allows you to create a real auction system on your website.

Auctions are simple: anybody can place a bid for a specific product and if no other bid exceeds the previous one, then they win the item. This allows buyers to grab products for their best price and allows vendors to generate a profit sometimes bigger than anticipated.

Users who are interested in auctions are moved by the chance to get items at low prices and motivated to place a bid which in most cases turns into an immediate price rise as soon as they are outbid.

Using the YITH WooCommerce Auction plugin, you will not only be able to make auctions for your products but thanks to the integration of the YITH WooCommerce Multi Vendor you will have the chance to create a real portal for online auctions, allowing all of your vendors to create auctions of their own and letting you earn a share on each one of their sales.