All About Auctions
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Essence of Reverse Auctions:
- The seller announces the price – participants offer lower bids.
- For the seller: quick sales.
- For the buyer: driving the price down.
- For participants: outbidding competitors with higher offers.
- Sellers' profit: maximum sales price and market demand analysis.
Features:
- Select the winner from received offers
- Conduct tenders for requests or offers
- Set a price and sell quickly to the highest bidder
- Set a budget in the 'Request' category and choose the winner
- Chat with participants, private auctions, and invites
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Starting on BALKAN BID Auction:
- Register and confirm your registration (via email) – it's simple.
- Log in and complete additional fields in the "My Profile" menu – this is your business card.
- Want to bid? – See how to place a bid.
- Want to add a lot? – List it in your region's language or the target audience's language – it will appear on the "Auctions on the Map".
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How to List a Lot for Auction?
- Click "List for Auction" in the menu and fill in the mandatory lot fields:
- Choose auction type: public, private, or by invitation.
- Title: keep it short and clear, up to 55 characters for SEO.
- Category: note the key distinction: "Offer" and "Request".
- Start/End Date: max duration is 3 months.
- Short Description: recommended length: 130–159 characters for SEO.
- Description: write details and two relevant tags below, e.g., house, Montenegro.
- Google Map: "select coordinates" and place a marker on the map. Click "select".
- Maximum Price: set a price, select currency (don’t convert rubles to dollars 1:1 😀).
- Deadline: specify task or job completion date, if needed.
- Attach Photo: upload ONE photo and click "Save" to preview.
- Click "Edit" icon to modify details or add photos (one at a time, up to 12, until multi-upload is available. Be patient).
No Commissions on BALKAN BIT Auction.
- No commission fees for now. Everything is Balkan style, *hvala lepo*. You’re welcome.
- Want to pay €10? Get your lot starred at the top! It helps us develop the auction.
- Listed a lot? Just wait for offers, like a market negotiation. Sell quickly.
- Want higher bids in an ascending auction? Check this out: rentarna.com.
- Find paid promotions there in 6 languages, 100% SEO in a luxury online catalog.
