How do I auction a product?

We have made it really easy to auction products on EquiMarket! Here are the few simple steps to get your first auction product set up:

1) Go to the products tab in your dashboard and press “Add New Product”. Click here to add product. Then when asked if you want to sell or auction your product, click “Auction” and then next.

  • You then want to go through and answer the questions to set up your auction.
  • You can enable “Proxy Bidding” which means the buyers can put in their maximum bidding price and their bids will be put forward automatically. (This is a good feature to have enabled).

 

2) You will be asked if you want to enable relisting of the product. This means if it doesn’t meet it’s reserve price, then it will relist itself.

  • Relist if fail after n hours – This is the number of hours after the auction fails that it will relist itself.

 

  • Relist if not paid after n hours – This is the number of hours after the auction finishes you give the wining bidder to pay for the item. After which point their order will be cancelled and the auction will restart.

 

  • Relist auction duration in h – This is the number of hours you want the auction to go on for after it is relisted.

 

 

Then you just need to fill in the rest of the listing details, such as colour, size, brand etc of the item you are auctioning.
Press submit and your auction is live!