eAuction is an innovative negotiation tool, which has been designed to meet the best value proposition for procurement and disposal of goods and services. It is the new entrant in the online trading arena. The primary difference between an eAuction and a traditional auction is that there is no physical exhibition of the item on sale in the eAuction as all transactions takes place over the web. There is also no personal interaction of the buyer and the seller except for online chatting or instant messaging through our application.
Benefits of eAuction
There are several benefits of the eAuction system for your business. Some of the most important advantages are:
- It works to your advantage by assembling all your business associates.
- E Auction helps you in unearthing the best deals.
- It also allows you to focus on your core work, while improving transparency, efficiency and productivity.
- The system saves a lot of unnecessary expenditure on the part of the seller. This is because the seller does not have to rent a place for the auction nor pay for refreshments for the guests invited at the auction.
- There is no geographical restriction on the buyers. They can participate in an eAuction from any part of the world.
In a fiercely competitive environment, eAuction also serves as an excellent tool for market research and for knowing the buyers’ requirements. From the buyers’ point of view, it helps to get the best deals from authentic auctions in an effortless and transparent manner.
With eAuction, your responsibilities are simplified for easily managing the auction process. At the same time, we assure you guaranteed results with this application. The need of the hour is to adapt one’s business methods to the latest trends like eAuctions in order to survive in the cut-throat competition.