Yesterday I explained the difference between Max Bid and Extended Bidding. I don't want to tell you what to do, but if you don't understand the difference between the two features (and most people won't...), you should read that post FIRST. +++++++++++++ Max Bidding doesn't work that well because most people aren't honest with themselves when it comes to putting in our "real" top bid. We put in a number that we "hope" to buy the item for. We don't put in what we are REALLY willing to pay,
Mobile Bidding / E-bidding
Back in 2010 I wrote about how handheld bidding devices were trendy. Later, I wrote about my gripes with the technology.Today we're readin' the auction dictionary. One point of confusion voiced by my clients’ stems around the definitions of two features often discussed in mobile bidding devices: Max Bidding and Extended Bidding. Each feature impacts your auction in a different way, though some planners are led to believe that if you have one feature -- namely, Max Bidding -- then that is
About four years ago, silent auction electronic bidding devices hit land in the USA. It's been a race for promotion ever since. Nearly once a month I entertain a phone call from a new vendor, eager to show me his new state-of-the-art service.Interestingly, the technology was pioneered by European companies.1 Event-services company IML was the first to actively promote its offering to US-based charities. It didn't take long before their competition followed suit.With the US charity
As I've talked with more vendors about their mobile silent auction solutions and online auction products, I've become disheartened to learn that most of them do NOT offer a key feature that is generally an accepted standard in the commercial auction world. It's not a "new" feature, but perhaps vendors servicing the charity auction market failed to understand how it can generate more dollars for charities. For whatever reason, it's been missing from most vendors' products. I hope that with my
The majority of nonprofits invest in silent auction mobile bidding and online auction platforms with the hope that they'll raise more money. That's why I'm personally disappointed that so many vendors (the majority of them, as I record this podcast) do not include this "must-have" feature into their products. You simply can't raise as much money without it. Listen to the podcast below.