If you have not heard about Penny auction then it will be very impressive concept for you to note that penny auction is capable to grab you at products with most random cheap cost. Buyer can place their constant bids above the provided product price and win the auction easily. How about purchasing a Laptop worth $55 at just $23? Does this sound exciting or odd? This concept may be unbelievable yet the penny auction business has integrated itself to be strong to sell thousands of Laptops at $23 earning mass profit. If you are a bidder, penny auction is worth for your investment. On the other side, If you are planning to start a penny auction portal then you may require to do some analysis before launching this business.
I have found few points below that may be worth notable to begin your own online bidding website:
Focus on Plan
Choose on your Plot
How big are you going to venture the business? What type of audience you expect in your auction website? What is market size? What is the frequency of clients is your Goal? What is the idea of your business?
Acquire license
The beginning step towards start the business is to get or register a license for the website. The license may be obtained online or offline from the respective authorities representing the city or county.
Get URL
The domain name for the website must be finalized that will work as the first introductory name for your business. Your penny auction website is accessed or identified by the URL. The name must be catchy as well as fancy so that visitors can remember the URL easily to visit the website again and again.
Server requirements
Penny auction website produce a huge amount of server load, so it is much recommended working out in this area. The server must be able to manage the increasing visitor traffic.
The easiest option is choosing Auction script
We discussed many steps which have to follow in order to launch a penny auction website. There is one easiest method to start a penny auction website and that is eBay Clone script - The customized auction script developed by NCrypted website. There are lots of organizations offering the auction script to start a website but NCrypted’s eBay clone is is most powerful auction script among all. When you purchase that script, they give you the domain name that can be used for running the website.
Server capacity is well handled by the Php eBay clone which is from the expert professional’s hands and technically sound people who have expertise in penny auction industry as well as programming skill. The auction script is compact with the required features such as countdown timer, managing bids, members, administrator, attractive and innovative website themes, payments gateways integration and much more.
Server capacity is well handled by the Php eBay clone which is from the expert professional’s hands and technically sound people who have expertise in penny auction industry as well as programming skill. The auction script is compact with the required features such as countdown timer, managing bids, members, administrator, attractive and innovative website themes, payments gateways integration and much more.
Promotion
You auction website is able to reach maximum audience only through marketing them properly. Auction script is integrated with Search engine friendly features which help to reach the people easily.