At Geomotiv, we specialize in delivering innovative solutions that drive sustainable growth and success for your business. Let us help you transform your vision!
Alexandria VA
+15715597486
Lisbon, Portugal
+351300528405
Yerevan, Armenia
If you want to create an auction site, turn to Geomotiv. With our experience in online auction platform development services, you will get custom auction apps to suit all your needs.
Partner with Geomotiv – the right eCommerce development company to meet all your goals.
Someone creating an online auction website can market and sell various products to the highest bidder without mediators. So, if you want to make your auction sites like eBay or Listia, go with an experienced custom software development company like Geomotiv. Our team has built multiple eCom marketplaces and auction websites, and we are ready to work on the technical side of your solution.
An online auction platform is a marketplace connecting buyers and sellers through a bidding system. Here’s how it works:
While most platforms follow this format, variations exist. Buyers may bid in ascending or descending orders based on the auction type. Common mechanisms include English auctions, Vickrey auctions, and Ticker auctions, among others.
When our clients turn to us with a request to build a custom auction platform, we fully understand our responsibility for creating a reliable and secure platform to ensure safe experiences for all users. To make it possible, we use only the proven technologies and tools and pay much attention to QA and testing processes.
Benefits
Shortcomings
Benefits
Shortcomings
Then, partner with Geomotiv to overcome your web development challenges and create an outstanding product!
Different user roles and panels (Buyer, Seller, Admin);
Authorization and security;
User profiles, Home page and Product page;
Search and filters functions;
Auction functionality;
Reviews & ratings;
Shopping cart and payment gateways;
Notifications and Analytics.
Each time the vendors sell some goods through their auction platform software, they are charged a certain fee of the total sum amount. This revenue option serves as a primary source of income for eBay – the global auction platform that needs no introduction.
This monetization option presupposes charging a non-refundable fee to list an item or a category for sale on any online bidding platform. Then, regardless of whether that listing sells or not, the platform charges each vendor a different amount depending on the item’s category and seller’s status. As a rule, sellers can publish up to 50 free items within one category per month.
This revenue option implies charging a fee per transaction and a percentage of the total sale amount. For instance, most categories on eBay have a standard 2.9% fee on the final deal value and a $0.30 fee per transaction.
This monetization strategy opens new ways for business promotion as it grants exclusive benefits for vendors in exchange for a fee. From training in e-bidding for sellers to receiving detailed analytics of their participation in various auctions, this gives a vital revenue stream for a custom auction website.
| Custom auction platform | Platform-based software | Combined solution | Customization of white-label solution |
|---|---|---|---|
| $96.000+ | $50.000+ | $75.000+ | $25.000+ plus license fees (up to $30.000 annually) |
| You get custom auction software built from the ground up to match your business logic. | Customization and extension of an existing open-source auction platform like OpenBazaar or AuctionCore. | Integration of open-source components with custom-developed modules to create a unique auction platform. | Tailoring a pre-built white-label auction platform like Auction Software or Bidpath to meet specific requirements. |
| Capitalize on a scalable architecture, fast load times, seamless integrations, and adaptability to emerging technologies. | Benefit from fast market entry and cost-efficiency of using a pre-built foundation. Consider limited customization depth and dependence on existing architecture. | Leverage a balanced approach to build your auction website. Take advantage of high flexibility with moderate costs and time-to-market. | Reap benefits from fast turnaround times and low upfront costs. Weigh them against limited flexibility, ongoing costs, vendor dependency, scalability constraints, and lack of full IP ownership. |
| Best for: businesses with unique requirements that demand total control over the platform’s features, performance, and IP. | Best for: cost-conscious projects with moderate customization needs and a preference for leveraging community-driven solutions. | Best for: projects needing a tailored solution while benefiting from cost-efficiency and fast time-to-deploy of open-source components. | Best for: businesses looking for a quick launch with limited customization, often with the added value of vendor support. |
| Benchmark | Custom auction platform | Platform-based software | Combined solution | Customization of white-label solution |
|---|---|---|---|---|
| Upfront costs | high | moderate | moderate | moderate |
| Time | 6 to 12 months | 3 to 6 months | 4 to 8 months | 2 to 4 months |
| Scalability and flexibility | unlimited | moderate (some limitations) | high | limited (depends on the vendor) |
| Community support | in-house | continuous | hybrid | vendor-supported |
| IP Ownership | full | limited | partial | limited |
| Ease of integrations | unlimited | high (easy with plugins) | high (tailored) | moderate (depends on the vendor) |
| Customization depth | unlimited | moderate | high (with custom modules) | limited (platform-restricted) |
Request a Free Quote Now to discover how we can bring your vision to life and provide a comprehensive solution focusing on long-term goals.
Leverage our global network of senior tech talent and an in-house force of 200+ engineers to source experienced developers for your projects.
Geomotiv connects you with top-tier senior developers across 10 locations in 5 time zones, offering genuinely global talent from diverse backgrounds.
Our experienced professionals can seamlessly integrate into your project or operate as a standalone unit within your company, ensuring swift turnaround times for auction platform development.
We can assemble a dedicated team in under 4 weeks or recruit individual developers within 1-2 weeks, delivering efficient staffing solutions tailored to your needs.
Partner with our trusted software development and staff augmentation company that has successfully served industry leaders since 2010. With our support, your new contractors will perfectly match your requirements, receive comprehensive HR support, and thrive in a productive and supportive work environment.
I recommend working with Geomotiv’s team for data, platform, middle-tier API, and back-end systems. Pros: diligence and persistence in achieving code quality standards set by our team to address our code review comments.
Code developed by Geomotiv was used as a stable foundation for future expansion. They communicated daily and were available via multiple channels. They’re professional and place a high value on customer service.
The team exceeded our expectations by supplying fast, accurate and innovative solutions. They dig into the full context to help you identify the actual challenge and supply the best solution. On the other hand, they can also provide you with a temporary fix when needed.
We were pleased to have such a company as a partner. We needed to develop a solution for player churn prediction in the game. Geomotiv provided continual interactions with our team and helped define critical features that would predict the churn.
Geomotiv has been an invaluable full-cycle development partner for Savveo during our ongoing multi-year relationship. From product inception to implementation, we see Geomotiv as an essential team extension.
Geomotiv automated our medical center’s internal processes exceptionally well. We appreciated that the guys were always in touch and participated in discussing ongoing tasks and use cases. We’re delighted with the team’s technical background and individual engineering skills.
We have been working with Geomotiv teams in multiple locations for quite some time now. They are hard-working developers who have proven to be a valuable part of our team. Happy to have finally met most of the team in person. They are a fun group with excellent English skills as well.
I’ve worked with Geomotiv’s engineers for 4 Years when I was at the Rubicon Project and am currently using them at PebblePost as a team extension. The engineers have good English, maths, computing skills, and a great attitude in collaborating.
I’ve worked with Geomotiv’s engineers for 4 Years when I was at the Rubicon Project and am currently using them at PebblePost as a team extension. The engineers have good English, maths, computing skills, and a great attitude in collaborating.
I can say that Geomotiv provided the best engineers to be a foundation for our success. We’ve been truly impressed with the quality of candidates they offer.
BBG clicks with Geomotiv. We understand each other’s needs and work to get things done collectively. Working with Geomotiv has been amazing, and we expect to continue and grow our partnership.
Geomotiv’s developers navigate the extensive ecosystem of auction platform integrations with various tools and services to enhance functionality, streamline operations, and improve user experience. Some of the most popular integrations include:
200+ senior in-house engineers and an internal base of 80.000 pre-vetted candidates power our auction software development company with the highest level of proficiency in back-end technologies. Our deep technical knowledge and extensive resources allow us to deliver reliable and high-performing solutions.
Geomotiv brings together teams of front-end specialists and provides individual experts who excel at creating user-centric experiences. Our engineers use industry-standard and cutting-edge front-end technologies to create responsive interfaces tailored to the specific needs of the auction platform’s users.
Enhance your online auction bidding software with our deep technical skills as a Google Cloud Partner and AWS development expert. Our team designs scalable, secure, and high-performance solutions leveraging Google Cloud’s advanced tools. Additionally, we use AWS’s robust services and global infrastructure to ensure reliable performance and rapid deployment.
Our mobile developers work with tools like React Native for cross-platform apps, Swift for high-performance iOS development, and Java for Android OS to build online auction mobile apps with responsive interfaces and performance-ready architecture.
A real-time bidding platform is a virtual marketplace where people can buy, sell, trade, and check out the inventory provided by multiple vendors. Multiple users can bid on a vendor’s list at any given moment, then the winning bid (with the highest value) is shown to the user. Through an online auction platform, bidders and vendors connect, and the selling process is executed.
To calculate the cost of developing auction bidding software, you need to factor in the development approach that responds to your demands, the cooperation model, and the complexity of the envisioned functionality. For example, outsourcing a fully custom solution to Geomotiv starts at $96.000, while platform-based software delivery costs from $50,000 to $75,000.
Step 1. Determine the listing type for your online bidding platform;
Step 2. Identify the necessary user roles to meet project requirements;
Step 3. Draft feature lists and functions for the website;
Step 4. Decide on the type of software: template-based, SaaS-based, or a custom solution;
Step 5. Find the best software development team with vast expertise in eCommerce;
Step 6. Pay attention to online payment authorization and security;
Step 7. Launch your auction eCommerce platform;
Step 8. Promote your solution to target customers.
Both options have their pros and cons. For example, when you have a ready-made auction website, you can implement it significantly faster than when your team needs to build it from scratch. However, only a custom solution can fully tailor your needs and vision. Moreover, thanks to custom development it is possible to ensure the desired level of security and scalability of your platform and to introduce the required updates without any dependency on a vendor.
Such platforms store all the information about past and ongoing auctions and allow sellers to add the details on the planned ones. As a rule, this info includes the data on sales, inventory, received revenues, and all the bidders who participated in each auction. An online platform can be enriched with modern tools for generating reports and providing analytics, which may offer valuable insights for sellers.
When choosing real estate online auction software, looking for features such as transparent real-time bidding, detailed property listings, secure payment processing, and advanced analytics is crucial. The software should also offer seamless integration with MLS systems and provide mobile-friendly interfaces to reach users on diverse devices.
Geomotiv is a custom software development and staff augmentation company developing feature-rich eCommerce solutions for more than 14 years. Our specialists have profound business knowledge and extensive experience across different domains. Geomotiv’s developers can help build an auction site with the required feature sets, design elements, and auction mechanisms. Contact us to explore how we can help in your specific case.
Fill out the form below and we’ll get in touch within 24 hours
