YITH WooCommerce Auctions
DESCRIPTION
What the plugin does:
The easiest way to implement an eBay-like auction system in your store.
How you can benefit from it:
You will benefit from an effective business model, attracting the attention of customers who often participate in auctions to obtain products at advantageous prices;
You will sell exclusive and refined products without decreasing their market value, setting a minimum initial price to increase the profit margin;
You will leverage the principles of scarcity and competition to offer an ad hoc product, such as a personalized or out-of-stock item, that your customers will perceive as unmissable.
Manage online auctions to sell your products: the business model users simply can't resist.
Do you know what an online auction is?
I bet you do, and you've probably already thought about selling products on eBay, the number one network in this field that has built an empire in this type of sales and made millions of people accustomed to buying online through its bids, participating in a kind of race to buy .
Users interested in auctions are driven by the chance to obtain items at low prices and motivated to place a bid that, in most cases, turns into an immediate price increase once they are outbid.
Auctions are simple: anyone can bid on a specific product and if no other bid exceeds the previous one, they win the item. This allows buyers to obtain products at the best price and allows suppliers to generate a profit that is sometimes higher than anticipated.
Using our YITH WooCommerce Auction plugin, you will not only be able to make auctions for your products, but thanks to the integration of our YITH WooCommerce Multi Vendor you will have the chance to create a real portal for online auctions, allowing all your suppliers to create auctions of their own and allow you to earn a share on each of your sales.
Set a starting price, a reserve price, and a “buy it now” price
For each auction, you can set a starting price, a reserve price (the m