NextLot Gives Traditional Auctioneers A Modern Edge

NextLot, Inc. is changing the way auctioneers do business.

2011-01-07

RALEIGH, NC, January 07, 2011 (Press-News.org) NextLot, Inc. is quickly proving that its software is capable of changing the way auctioneers do business. The online auction software provider is not only increasing its clients' exposure and success, but it has auctioneers rethinking how to reach bidders.

In recent months, one auction firm in particular has learned just how powerful partnering with NextLot can be. The North Dakota based company started with NextLot in 2009 with its first ever timed-online auction and now uses NextLot's timed-online auction software for more than ten auctions a month. The auctions, which focus on liquidating packages of farm equipment, have resulted in tremendous increases in the auctioneer's customer base and overall business. In a November $3 million farm equipment auction, fourteen lots sold for over $100,000 each. With its success rate on the rise, this traditional auctioneer has decided to further its partnership with NextLot by adding NextLot's live webcast service to the mix.

For fifty years, the auction company has been known for its traditional on-site auctions. Now, with NextLot in the picture, it is adding a more modern approach by enabling national and international bidders to bid on items live online while feeling as though they are standing on the auction floor. In an auction this past December, the addition of this new service proved to be an excellent decision. The equipment auction had 397 registered bidders and sold $1.4 million dollars online, which accounted for thirty percent of the auction. Since partnering with NextLot, the auction company has seen remarkable growth. Now with the implementation of NextLot's newest online webcast platform, the auctioneer will be adding more successful auctions to the record book.

NextLot has the power to take traditional auctioneers to the next level by helping them use technology to their advantage. Its easy to use, privately branded solutions give companies the ability to grow their most important asset, their buyer base. Where most auctioneers think traditional, smart auctioneers think NextLot.

About NextLot, Inc.: NextLot provides auctioneers with a fresh approach to online-timed and live webcast auctions by providing extremely easy to use, privately branded software for three main auction formats: Timed Auction, Webcast, and Pre-Bid. NextLot believes that auctioneers' most important assets are their buyers and that these assets should not have to be shared with their competitors on a public portal. NextLot users build brand loyalty while enjoying full control of their customer base, and avoiding exposure to competition. NextLot helps auctioneers achieve unparalleled success by empowering them with the best technology in the industry while helping them grow their auction company. This ability to offer "Best of Breed" products and work hand in hand with auctioneers has enabled NextLot to become a leading online software provider. For more information on NextLot, Inc and services offered please visit http://www.nextlot.com or contact emily@nextlot.com.

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NextLot Gives Traditional Auctioneers A Modern Edge

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