Looking to build a successful custom
software solution? Our experienced
development team is ready to assist.
Auctions and Bidding Platforms Development
Want to create an auction site like eBay? Turn to Geomotiv, a trusted service provider with deep experience in creating custom auction apps and eCommerce marketplaces. With our online auction platform development services, you will be able to create fully functioning softwarewith the right features to fit all your needs.
Looking to build a successful custom software solution? Our experienced development team is ready to assist.
Our Highlights
Meet Experienced Auction Platform Development Company
14+ years in the IT services market
80% of our specialists are senior-level developers
200+ in-house engineering talents
We Help you Thrive
And Fulfill All Your Auction Platform Development 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 that brings together buyers and sellers and facilitates transactions between them. Unlike traditional marketplaces, this type of platform is based on a bidding system, which works in the following way:
A seller lists an item with a starting price;
Potential customers place their bids in real-time;
Eventually, when the auction ends, the bidder with the highest price wins.
Most online auction platforms work the same, though there are other mechanisms to consider. For example, buyers can compete and bid for the product in descending or ascending orders, determined by the chosen auction type. In addition, you can create an online auction site using one of the popular mechanisms, such as English auction, Vickrey auction, Ticker auction, and so on.
Your Options
Custom vs. Ready-Made Auction Platforms
Custom AuctionWebsite
Benefits
A purpose-built product around your needs and vision from the very beginning;
Real-time data changes and high performance under increasing load;
Fast loading times of custom auction websites and apps;
Regular security updates and patches that reduce chances for intrusion.
Shortcomings
Relatively high time investment throughout various software development phases;
High upfront costs associated with hiring a professional development team with cross-functional technical expertise.
Ready-Made Auction Platform
Benefits
Faster implementation with a broad ecosystem of business app patterns and easy-to-use proven solutions;
Lower upfront time investments, as hiring a team of developers to create an auction website is unnecessary;
Quick installation and deployment and lower development and customization costs.
Shortcomings
Limited choices for self-expression and lack of quick adjustments to particular scenarios;
Lack of compatibility with customer expectations and limited choices for business development;
Additional expenses to cover high maintenance fees.
Listing Options
Different Types of Online eCommerce Auctions We Can Implement
English Auctions
An auction type where bidding starts from a suggested reserve price and proceeds with accepting bids in ascending order. The highest bidder wins an auction in the end.
Penny Auctions
Players pay a non-refundable fee to place small incremental bids in a penny auction. At the end of the auction, the last bidder wins and delivers the final bid amount.
Ticker Auctions
In this format, placing a new bid resets the countdown timer for the auction. It takes place until no further bids are being input.
Free Auctions
The essential rules for this auction type do not imply that a bidder pays extra fees. But the winner of the auction bears the cost of the actual bid.
Peak Auctions
This auction type operates for a limited number of hours or days a week.
Buy It Now Auctions
Here, the buyers can acquire an item at the Buy-It-Now price, bypassing competitive bidding, or choose an option to place a bid instead.
Beginner Auctions
The main principle of this auction type is to make it available only for new bidders on your custom auction website.
Seat Auctions
This type of auction implies granting exclusive access to the bidding process. For example, you can allow a set of participants to pay an additional fee to bid on the inventory.
Reserve Auctions
Here, multiple bidders can set a minimum price to let the auction begin.
Dutch Auctions
Dutch auctions start at a high price, progressively lowered until a bidder accepts the price. In this way, succeeding winners pay less for the remaining items.
Vickrey Auctions
The winners in this auction type are the ones who place the highest bid. But eventually, they have to pay the second-highest bidder price.
Double Auctions
The principle of this auction type is to enable bidders and sellers to submit their desired price to an auctioneer. The trade is executed when a match is between a buyer’s price and a seller’s asking price.
Sealed Bid Auctions
In this type of auction, no bidder knows how much the other players have bid. Consequently, the winner pays the first highest price on the auction platform, though the lowest one can win in some cases.
eCommerce
Auction Software Development for Your Vertical
Food & Restaurants
Auction Software Development for Your Vertical
Automotive
Auction Software Development for Your Vertical
Art
Auction Software Development for Your Vertical
Real Estate
Auction Software Development for Your Vertical
Logistics
Auction Software Development for Your Vertical
Finance
Auction Software Development for Your Vertical
Luxury goods
Auction Software Development for Your Vertical
Charity
Auction Software Development for Your Vertical
eCommerce
Food & Restaurants
Automotive
Art
Real Estate
Logistics
Finance
Luxury goods
Charity
Monetization Models
Primary Revenue Sources We Can Implement
Fees for Sellers
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.
Insertion Fees
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.
Transaction Fees
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.
Membership Fee
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.
Are you looking to build an excellent auction website?
Then, partner with Geomotiv to overcome your web development challenges and create an outstanding product!
Features that Go with Auction Platform Software Development
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.
Our Approach
Let Us Estimate the Functionality and Related IT Services
Template-Based Software
Custom Auction Platform
$3.000-$10.000
$50.000+
The simplest and the cheapest way to build your own auction website using WordPress themes
With custom auction software built from scratch, it is possible to create a unique product that will stand out on the market
Generic design and features, security and performance issues, platform limitations, possible bugs, and glitches
Complete control of the features and functionality, vast customization options, scalable architecture, enhanced security for sellers and bidders
Our Success Stories
Notable Auction Development Projects From Our Portfolio
Custom B2C Trade Auction Platform for Retailers
Client: UK-based startup that wanted to introduce a new digital auction-based marketplace.
Challenge: Find expert software development teams to assist with the platform’s design, development, and implementation.
Our Work: Delivery of a scalable digital auction platform with real-time bidding capabilities. Our team implemented robust user authentication and inventory management features and integrated the platform with the required systems.
Key Results: Successful launch of a digital auction platform with secure payment processing, robust user verification, real-time transactions, seamless integrations, and scalability for future expansion.
Notable Auction Development Projects From Our Portfolio
Custom NFT Marketplace for Minting and Selling Digital Items
Client: A private company aimed to offer users a streamlined platform for selling digital collectibles.
Challenge: Gain technical assistance in developing a secure marketplace supporting digital wallets and smart contracts.
Our Work: The team determined business requirements, selected a tech stack, prototyped and designed the NFT platform, implemented decentralized media storage, and developed and integrated smart contract protocols.
Key Results: The client reached a base of 10,000 users within three months of the solution’s release.
When our clients turn to us with a request to build a custom auctionplatform, we fully understand our responsibility for creating a reliableand secure platform to ensure safe experiences for all users. To makeit possible, we use only the best technologies and tools and pay muchattention to QA and testing processes.
ENGAGEMENT MODELS
Choose What’s Best For Your Project
IT Staff Augmentation
Add proficient developers to your in-house team.
Fill skill gaps at competitive rates without hiring complexities.
Integrate remote specialists into your current processes easily.
Dedicated Team
Hire committed developers who are laser-focused on the project.
Let us assemble a team with the proper structure to meet your long-term needs.
Gain complete visibility into the workflows and adjust the backlog on the go.
Project-Based Outsourcing
Offload your project or its part to our company.
Let us assemble a full-cycle development team and assign a PM.
Monitor the project’s progress and achieve all your goals.
OUR STRENGTHS
Why Entrust Your Custom Auction Website Development to Geomotiv
Senior specialists with deep business and technology background
Advanced solutions that bring real value to businesses and end-users
Extensive knowledge of creating auction websites for multiple domains
Rigorous testing to ensure the solution is error-free
Secure third-party integrations: payment gateways, marketing tools, CRM, etc.
Apps with a user-friendly interface for every end-user type
Vast experience with microservices architecture design and development
On-time delivery of quality solutions
Transparency of the entire development lifecycle
FAQ
Need Help? We’ve Got You Covered!
What is a real-time bidding platform?
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.
How much does it cost to build an auction website?
To calculate the cost to develop auction bidding software, you need to factor in the functionality according to the requirements. On the flip side, consider the hourly rate of the development team. Here’s the approximate cost breakdown:
Feature
Time
Cost
UX/UI Development
42 h
$1,890
Authorization and Security
72 h
$3,240
User Profile
42 h
$1,890
Home page
84 h
$3,780
Search/filtering
96 h
$4,320
Product page
42 h
$1,890
Auction functionality
160 h
$7,200
Reviews & Ratings
48 h
$2,160
Shopping cart
64 h
$2,880
Payments
42 h
$1,890
Notifications
32 h
$1,440
Buyer, vendor, admin panels
372 h
$16,740
Total
1,096 h
$49,320
How do I start my auction website?
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.
Is a custom auction website better than a ready-made platform?
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.
How can an online platform help to enhance auction management?
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.
Why choose Geomotiv for auction platform development?
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. Contactus to explore how we can help in your specific case.