NextLot's New Client Sees Increased Revenue By Running Timed Auctions
One construction equipment auctioneer recently made a wise business decision by choosing to run their auctions using NextLot's timed auction platform!
RALEIGH, NC, February 29, 2012
One construction equipment auctioneer recently made a wise business decision by choosing to run their construction and farm equipment auction using NextLot's timed auction platform in January 2012. With their first sale completed, NextLot's newest client agrees the state-of-the-art auction platform is truly an asset to any auction firm.The new customer, based in Canada, witnessed first-hand the success that NextLot's system brings to its clients. During their first sale using the "Best of Breed" software, the construction equipment auctioneer had over 360 bidders who were registered to take part in the auction. The sale, which was comprised of 59 lots, had an average of 22 bids per each item, whereas some items had up to 77 bids placed. This large amount of bidding led to a total sale amount of over $500,000 sold exclusively to online bidders.
The usability of NextLot's timed-online auction software is not only creating happy bidders but also is allowing clients to expand their own profits with new business endeavors. The timed auction platform allows auctioneers to run a full-fledged auction without having bidders leave the comfort of their own homes or offices. By hosting timed-online auctions, auctioneers also are able to dramatically reduce costs (no set up staff, registration desk, etc.) NextLot's easy-to-use software is increasing the number of auctions their clients run, resulting in more profitable auctioneers.
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's auction clients get the best of both worlds because they utilize NextLot's white-labeled online auction solution to build their brand while leveraging its enhanced marketing efforts to see more bids and higher prices. For more information on NextLot, Inc and services offered please visit http://www.nextlot.com.