Online Auction Industry Solutions
Stegwelt understands the evolving role of internet in the shopping escapades of consumers and thus renders functional suite of online auction solutions.
The online Auction Industry has witnessed rapid growth over the years, leaving behind all other retail sectors. As of 2012, the annual growth recorded by this segment is 10.4%, accounting for revenue of $219 bn. With Internet becoming the most preferable technological inception, consumers prefer purchasing products online. Furthermore, the introduction of payment systems like PayPal has made online buying more simplistic and secure, aiding auctioneers to lure tech-savvy consumers and retain consumers for long time-frames.
Challenges & Opportunities
Over the years, Internet has evolved as the biggest marketplace catering to diversified shopping and auctioning needs. Putting auction online gets your business more bidders. Furthermore, executing and planning an online auction requires comparatively less effort and time investment. Stegwelt consultants comprehend the role of online auctions in elevating your bottom line, thus crafting solutions that can augment a stand-alone event or a live auction. Our online auction solutions enable businesses to connect and collaborate, so that they can render better services to their niche market, regional auction websites or charity. With the advancement of time, however, businesses are facing numerous challenges to maintain secure online auction sites, while catering to the changing needs of consumers.
Malicious Technology: Software technology is the driving force of online auctions. Customized solutions devised to empower auctioning websites are tested and evaluated regularly, to ensure elimination of every possible malware and threats. Malicious software not only harms the consumer’s system but also tarnishes auctioneers reputation.
Privacy Protection: As consumers shop online, identity protection is a prime concern. Use of online auction sites and payment gateways requires sharing of sensitive information about the consumer and protecting this information becomes a challenge, especially in the age of online hacking and malicious software. Auction sites need to be sensitized for protecting consumer identity and leveraging high-grade privacy.
Traditional Methodology: Age old methodologies in development on online auction solutions; make the entire slow and stagnant. The challenge is to integrate modern day technical tools into traditional business models to render innovative yet functional online auction stores.
How Stegwelt Delivers Business Value
Stegwelt develops online auction solutions that empower clients to integrate innovative features in their auctioning platform and integrate it with modern day technological tools. Branded online auctions are great marketing collaterals to lure consumers and generate additional revenue. Our consultants observe your business model carefully, thus analyzing its requisites and developing solutions that sync with your farsighted business goals, giving you’re an improved ROI. Stegwelt renders a plethora of online solutions that simplify the process of setting up online auction stores for you.
Pre-Auction Consultation: Our team of expert consultants renders pre-auction consultation services that prepare the client for the initial stage of setting up an online auction system. Our support services enable clients to structure frameworks and policies including band plans, rule selection and license structure.
Auction Software Development and Deployment: Online auction software developed at Stegwelt are highly scalable and flexible. Stegwelt offers end-to-end online auction solutions that map from system development through deployment, implementation, integration and hosting.
Auction Design Conception: Our optimization modeling and operational research teams ensure that you select an appropriate design for your auction site, from a plethora of available options. The designs are customizable and can be re-designed to sync with your business model.
Hosting and Support: Implementation and hosting services rendered by Stegwelt support the auctioneer in conducting live auctions using the online auction site. This includes support services for customer mock auctions, filling out applications and live bidding event.
Reporting and Analysis: Post-auction reporting and analysis activities at Stegwelt include through evaluation of consumer information gathered by the system, declaring winning bidder and generating payment reports to declare final outcome.
Stegwelts’ Online Auction Solutions
- Live Webcast Auctions
- Branded Online Auctions
- Timed Auctions
- Unique Marketing Solutions
- Auction Software Development
- Auction Software Deployment
- Hosting and Support Services
- Auction Design Conception