2. Auction - Know-How
Customer participates in the auction process and places highest bid.
Bids are nothing but minimum incremental amount that can be added
with the current price of the product.
The user has to participate in the auction before the count down timer
reaches zero.
Goods are sold to the most offering customer
3. NAuction – What we Provide
We provide a completely reliable and safe auction script to launch your
own online auction website.
We provide Premium and Platinum version of the product that are
feature-rich with 100% source code, FREE Installation, and multiple
language support
A Demo has been included in our site for you to experience the feel of our
product (http://nauction.ndottech.com/demo.html)
We provide wonderful themes for making your Auction site to be more
attractive.
4. Auction – Process Flow
Administrator creates category and adds products
User creates login account with the site
User buys bid packages (as money or bids)for deposit amount
5. Auction – Process Flow
User logs into auction page
Browses for particular product
Selects the auction types – live, future, closed
Views product details like description and minimum bid
amount
Participates in auction by placing bid
Uses auto bid and watch list to his advantage
Buys product if won
6. Auction – Process Flow
User shares auction products in social media to earn bonus
User refers friends to earn bonus income
Admin backend:
Process the money transaction
Delivers goods to shipping address upon verification
Sends email letter to users on regular basis
7. Auction – Process Flow
Administrator manages blogs on site
Site is optimized with meta description, banners, static page etc
More visitors are attracted to the site.
8. Auction – Payment Process
The users can either buy the product or win an
auction to own the product.
The payments can be done flexible using the Paypal,
credit card and other gateways as available on the
site.
9. Bidding Types – Penny Auction
The penny auction allows the users to buy the packages
such as Silver, Gold, and Platinum
These package amount can be set using the back-end
settings panel
Admin fixes the minimum bid increment value.
The bidders can place the bid while the timer counts the
time.
The timer is reset when a bid is placed.
The bidding winner will be the last bidder who bids when
the timer goes zero and there is no one to bid.
10. Bidding Types – Beginner
A new member is eligible as Beginner to enjoy the low bids
with low account amount.
This option is valid only upto 30 days from registration,
after which he becomes an old member like other bidders.
He also becomes an old member if he wins an auction
within 30 days.
11. Bidding Types – Peak Auction
The auction will be on the live only for the fixed peak hours
daily (Ex: 8 to 6:30), as set by the administrator.
It will begin at start time and close at end time, and resume
again on start time the next day.
12. Bidding Types –Lowest Unique
In lowest unique bidding, the default range for bid increment is
fixed by the admin
Bid can be chosen or can be entered manually.
When a user places a bid using 'Bid me' option, user can choose the
minimum increment amount or the bid amount which will not be
known to other bidders.
The amount is deducted from his account while it is incremented
with the bid value.
The person who has made the lowest bid in the list is announced as
winner after the closing time.
13. Bidding Types –Highest Unique
In highest unique bidding, the default range for bid increment is
fixed by the admin
Bid can be chosen or can be entered manually.
When a user places a bid using 'Bid me' option, user can choose the
minimum increment amount or the bid amount which will not be
known to other bidders.
The amount is deducted from his account while it is incremented
with the bid value.
The person who has made the highest bid in the list is announced
as winner after the closing time.
14. Bidding Types –Clock Bidding Type/
Dutch Bidding Type
The bidding starts with a high asking price that is set by the
auctioneer.
The product is bought when the participant purchases the product
at the price set by the auctioneer or when it reaches a
predetermined reserve price which is the minimum price set by the
auctioneer.
In Clock auction, the timer runs count up
15. Bidding Types –Scratch Bidding
Scratch bidding type contains only a starting date to begin the
auction without end date.
Here the product's price gets reduced by certain units when the
participant clicks or scratches the Scratch option.
Also a specific time period will be set, within which the product has
to be purchased otherwise an alert message “Time Over” will be
displayed on the screen when the scratch option is clicked.
16. Bidding Types –Reserve Bidding
This is an interesting bidding where the participant doesn't make a
single bid, but does multiple bid.
It assigns the Nauction to do the bidding as per a criteria.
This particular criteria will be kept secret from other bidders and
they will never be aware of it until the bidding process gets over.
17. Bidding Types –Cash Back Bidding
Here the winner gets back the entire cash that he or she has used
in bidding.
The next two consecutive bidders get 50% and 25 % of their cash
back.
The winner not only gets the product but also gets the cash that he
has spend in the bidding, while the second last bidder gets 50% and
third last gets 25%.
18. Bidding Types –Seat Auction
Here the site admin will define a given number of seats in the
Admin panel.
To take part in the auction process, the participant has to purchase
a seat which has a fixed value.
Only limited seat takers can participate in the auction.
The participant will not be charged for placing bid in that auction
and the given seat cannot be used for other product's auctions.
The product will be available for bidding only within the end date
19. Bidding Types –Bid based auction
This is mainly based on the bids.
User can buy packages (Gold, Silver etc) by paying amount for
which certain quantity of bids are credited into his account ( Ex:
500 bids for $1000)
Later when the user participates in bidding, the number of bids get
decreased for each bidding.
As usual the highest bidder wins the auction.
Premium bid-based auction supports Beginner and Penny auction
types.
20. Bidding Types –Buy Now
This option has been included with the auction products such that
the user can buy the auction product at the product price even
when he/she may lose in bidding.
Any user can use the Buy Now option to avail the product similar to
shopping cart.
21. Notable Product Features
Free installation
12+ Bidding types
Category-wise listing
SEO friendly URL
Bid pack management
Transaction log
Referrals
Social network sharing
Manage blogs, newsletters, banners
Auction watch list with transaction history
Currency setup with 24 Paypal currencies
22. Why Choose NDOT?
5+ years of experience in e-commerce website
development
Developed more than 30+ Auction websites
Unique product features
Reasonable cost
Easy download and installation
Easily manageable admin panel
No manpower needed to maintain
Customization to client's requirements
24x7 customer support
