Aucto Help Center
What is timed bidding?
Online auctions have a timed bid component to ensure a fair bidding process. With timed bids, the end time of the lot is extended by a maximum of 10 minutes if a bid is placed on the lot within 10 minutes of the lot end time. If no additional bids are placed within 10 minutes of the end time, the lot expires and the highest bidder is awarded the lot. Timed bids provide all buyers with a fair opportunity to win the lot, and ensure an overall fair bidding process.
If you've turned on the news or opened any major news website recently, you are likely seeing more and more stories about the current supply chain crisis. With frequent delays and supply shortages in many parts of the world, we have heard many discussions focused on how to fix the perceived issues.
As we approach another year-end, organizations are beginning to shift their attention into planning for next year, while evaluating how effective their strategies were for this past year. As a result, many teams are looking to wrap up the remainder of their projects to make sure any of their positive impacts to the bottom line are included.
Andrew Forin is an Alberta-based sales professional with a joint background in sales and digital marketing.
Bill Kellinger is an Arkansas-based sales professional with an extensive history of delivering success for startups. Bill has received multiple degrees from UC Berkeley (BA), and San Francisco State University (MBA)
Over the past weeks, the team at Aucto was given a unique task - we were challenged to create a video that explained everything a person needed to know about selling and managing industrial equipment and machinery on Aucto in less than 3 minutes.