07.11.2023

How do I choose the right sales type?

On railauction.plus you have the option of choosing between 4 different types of sale. But which of these is the most suitable for you can vary from product to product. In this article, we will give you some help and introduce you to the sales types in detail. If you have any questions, you can always get in touch with us: support@railauction.plus. We are happy to actively support you with your sales strategy on our marketplace! 

Where do I select the sales type for my sale?

As soon as you create a new sale, you first select your desired sale type under "Sale details". The following 4 types are available to you there:

You then select your preferred sales type by clicking in the corresponding circle. This should then turn black. In the picture, for example, the open auction is currently selected. 
Tip: Always check your sale again after publication. If you have selected the wrong sale type, cancel your sale or contact us.

The 4 types of sale in an overview

Direct purchase  

You are already familiar with direct purchases from traditional online stores or marketplaces such as eBay. You list a product at a fixed price that you set and the buyer can purchase it directly. You can also specify the quantity you want to sell. For example, if you have the product to sell 3 times, a single buyer can buy the entire quantity or 3 buyers can buy 1 time each.   
Direct purchases are usually quick and uncomplicated and are particularly suitable for products that leave no questions unanswered. It is particularly important to provide a lot of information when listing the product in order to give potential buyers a detailed picture of the product.   

 
Price suggestion

The price proposal is our most popular sales type and also the one we would recommend, especially for beginners, as it offers you the greatest flexibility. When you post your sale, you enter an asking price that potential buyers can use as a guide. They can then send you price suggestions. You can then accept or reject them - unlike with auctions, you are not obliged to actually sell your product in the end. You also have the opportunity to talk to the potential buyer before the sale and, for example, clarify any open questions before the sale. The price proposal allows you to sell your products quickly. Unlike auctions, you don't have to wait for the end of the term. You just need to note that you have 5 working days to accept a price proposal. After that, the potential buyer is no longer legally bound to their bid.   
  

Live Auction

If you know that your product will be in high demand and you have "pure gold" to sell, then a live auction is worthwhile for you. Here, bidders can see the current highest bid and the number of bidders at any time. Live auctions allow bidders to interact and compete with each other. This allows potential buyers to adjust their bids in response to the bids of other bidders, resulting in a dynamic and competitive bidding process and often the best auction deals. At the end of the live auction, the highest bidder wins.   

Hidden Auction

We recommend hidden auctions for smaller markets with little competition or bidders. Bidders are encouraged to place competitive bids to increase their chances of winning the auction. You are free to choose the winner at the end of the auction. This does not necessarily have to be the highest bidder.   

 
  
You should now have a good overview of the 4 types of sale. If you would like more information on this, you can also take a look at our sales type guide, where you can also find all the legal details. You can find it here.