The “Multivendor Auction Bidding Platform” is an innovative online marketplace that enables multiple sellers to list and auction their products or services, while buyers can participate in competitive bidding to secure the best deals. This dynamic platform offers a thrilling shopping experience where users can discover unique items and win auctions through competitive bidding.
Business Model:
The business model for a Multivendor Auction Bidding Platform typically includes the following components:
Listing Fees: Sellers are charged fees for listing their products or services on the platform. Fees may vary based on factors like listing duration, featured listings, and the category of the item.
Transaction Fees: The platform earns a percentage-based fee on the final sale price of items won through auctions. This fee is a primary source of revenue.
Subscription Plans: Offering subscription plans to sellers, providing benefits like reduced transaction fees, increased visibility, and analytics tools. Subscription fees contribute to recurring revenue.
Bid Credit Sales: Buyers purchase bid credits or tokens to participate in auctions. The platform generates revenue by selling bid credits in packages.
Featured Listings: Sellers can pay for featured listings that display their products prominently, increasing visibility and competitiveness in auctions.
Premium Seller Services: Providing premium services to sellers, including personalized store fronts, marketing tools, and performance analytics, with fees for access to these services.
Escrow Services: Offering secure escrow services to protect both buyers and sellers during transactions, with fees for escrow services.
Reserve Price Fees: Sellers can set reserve prices for their auctions, and the platform charges fees for this feature.
Auction Extension Fees: Charging sellers fees for extending the duration of auctions beyond their initial listings.
Winner’s Premium: Earning a percentage-based winner’s premium on the final sale price from the winning bidder as an additional revenue source.
Developer APIs: Providing developer APIs and documentation for businesses looking to integrate auction data into their websites or applications, generating revenue through API usage fees.
Advertising and Sponsorships: Displaying relevant advertisements from businesses and featuring sponsored content within the platform, generating advertising revenue.
Data Analytics and Reports: Offering data analytics and reporting tools to sellers and buyers, allowing them to track auction performance and bidder behavior, with fees for premium analytics.
Membership Programs: Offering membership programs for premium features like early access to auctions, exclusive listings, and dedicated customer support, with subscription fees.
Bid Packs and Promotions: Providing discounts and promotions on bid credit purchases in bulk packages, generating revenue from bid pack sales.
The success of a Multivendor Auction Bidding Platform depends on factors such as user engagement, trustworthiness, data security, responsive customer support, a user-friendly interface, and the ability to create an exciting and competitive auction environment that attracts both sellers and buyers. These platforms offer a dynamic and entertaining way for users to find unique items and secure deals through auctions.
ViserBid is a complete solution for a Multivendor Bid and Win (Auction) website. ViserBid is an online-based platform that helps merchants and businesses from across the globe to sell their items by setting up an auction. A Marketplace auction platform is exactly what it sounds like: auctioneers list their catalogs in an online auction Marketplace right alongside their competitors. Common Marketplace auction platforms include Invaluable, the-Saleroom, EasyLive Auctions, and Live Auctioneers. operations here on ViserBid is very simple, the Merchants can set unlimited auctions from the Merchant panel, users are able to register for free and they are able to BID any item by any amount. when auction time will be finished, the top BIDDER will win the product or service. ViserBid is endlessly appealing, feature-loaded, customized, and possesses the remarkable capability of running on all devices and operating systems. This script comes with various automated online payment gateways to make the payment more easier and flexible.
ViserBid is a unique Multivendor Bid and Win platform. You can make real-time transactions whenever and wherever you like. The platform can be accessed not only from a PC but also from a full-service mobile. Its easily installable, controllable through the admin panel, comes with a responsive design, high security, interactive User interface. support plugins, LiveChat, Google ReCaptcha, analytics, automatic payment gateway, cards, currencies, and cryptos.
– Complete Multivendor Auction Platform.
– Comes with Unique Merchant Panel.
– Support modern browser and cross-browser compatibility.
– Strong and powerful admin interface.
– A clean and modern user interface.
– Multiple size ad posting forms.
– 20+ Payment Gateway and 250+ currencies setup.
– Functionality is Simple and all Dynamic Features.
– Easy Documentation, GDPR Policies.
– Regular updates facilities, Premium and quick support
– Unique Dark User Dashboard.
– Bidding History.
– Wining History.
– Transaction Details.
– Deposit Management.
– Deposit History.
– Support Ticket Desk.
– Create Ticket.
– Profile Management.
– Two Factor Management.
– Email Notification & Verification.
– SMS Notification & Verification.
– GDPR Policy.
– Livechat, Security Captcha Included.
– Comes with Multi language Features.
– Privacy & TOS.
– Latests Blogs & Announcement.
– And more…
– Premium Merchant Dashboard.
– Products Management.
– All Products Management.
– Live Products Management.
– Pending Products Management.
– Upcoming Products Management.
– Expired Products Management.
– Bid Logs.
– Winner Logs.
– Transactions Management.
– Withdraw Management.
– Support Ticket Management.
– Profile Management.
– 2FA Security.
– And more….
– Categories Management
– Products Management
– All Products Management
– Live Products Management
– Pending Products Management
– Upcoming Products Management
– Expired Products Management
– Winner Logs
– Advertisements Management
– Manage Users
– Manage Merchants
– Payment Gateways Management
– Deposits Management
– Withdrawals Management
– User Support Management
– Merchant Support Management
– Report Management
– General Setting
– Logo & Favicon Management
– Merchant Profile
– Extensions Management
– Language Management
– SEO Manager
– Email Manager
– SMS Manager
– Manage Templates
– Manage Pages
– Manage Section
– Policy Pages Management
– Upcoming Auction Management
– GDPR Cookie Management
– Custom CSS Management
– Clear Cache
– And more….
Using the best, future-proof, and secure stack are known to the world: bootstrap, laravel framework, jQuery.
Frontend: https://script.viserlab.com/viserbid/
Admin Access: https://script.viserlab.com/viserbid/admin
Admin Login: Username: admin | Password: admin
Business Model:
The “Multivendor Auction Bidding Platform” is an innovative online marketplace that enables multiple sellers to list and auction their products or services, while buyers can participate in competitive bidding to secure the best deals.
