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Thursday, March 21, 2013

Benefits Of A Silent Auction Online

By Jill Faulkner


Silent auctions have been around for centuries and today have seen their way to the online arena. Great people throughout history have used the mechanisms of selling goods in this way to get them out of debt fashionably without others being aware of their dire circumstances. To this day silent auction online offers fund raisers an opportunity to expand on this concept in the online arena.

The word silent probably came about when used in reference with this type of auctioning vehicle because bidders and those that were aware of their happening would not be aware who the funds were or still are intended for. Silent would be an apt way in describing this type of auctioning format although other words could be used such as discrete or wordless auctioning online to make mention of two. However, their goal and objectives is to raise money for different causes.

Organizers would have a bidding paper attached with each item on show where bidders would place their bid. These bids would be visible to all so that each bidder could see what he or she had to bid in order to win the purchase. In this way the purchase price may inflate as each bidder would try to outbid the next.

An invent such as this can take place over the course of an evening and with the advent of technologies such as the Internet, it is no wonder they have found an online presence. Different methods have been thought up and rethought as to how to implement this type of auction style online. However, despite its online popularity it does not add to the luster of socializing with real live people in a real life function such as this.

In days gone by it was not unusual for marriages to be arranged in this way where participants would be able to bid on their wife to be. This was also common practice in days of slavery where groups of slaves were purchased in this same manner. As to why this was a fashionable way of bidding for ownership of an item or person for that matter was established purely for the social event of the occasion.

For participants it offers an ideal opportunity to bid for items and at the same time knowing that your funds are being utilized for noteworthy causes. It is advisable to check that legalities are in place when bidding on sites for items. It is incumbent on bidders to check that this is so as well as for fundraisers to have legal documentation in place in order to offer proof of their validity.

Because of this one can be rest assured that one is funding a worthwhile cause. It is incumbent on participants to verify this. Likewise it is incumbent on organizers to make have the necessary legal documentation to be able to run such an event.

The silent auction online offers an alternative to purchasing. It is fast becoming a means to purchasing among consumers. In this way you can transfer funds online and receive your winning bids by courier.




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