💰Setting Starting Bids, Minimum Bids, and Buy Now Values

⚙️ What Are These Settings?

ClickBid allows you to set key price points on silent auction items including:

• Starting Bid: The price bidding begins at.

• Raise (Increment) Amount: The amount a bidder must increase from the current bid.

• Buy Now Price: Lets bidders skip the auction and purchase the item outright.

These values help guide bidding behavior and maximize revenue. Here’s how to set them up wisely and where to do it in your admin.

---

🛠️ How to Set Starting Bids, Raise Increments, and Buy Now

1️⃣ Go to Your Items

• Navigate to the Items tab.

• Click Manage Items.

Here’s where you’ll input Start, Raise, and optionally, Buy Now values.

2️⃣ Set or Adjust Values

For each item:

• Start = Starting bid

• Raise = Minimum increase required per bid

• Buy Now = Optional price to skip bidding and instantly purchase

---

🛒 Buy Now: Tips & Best Practices

✅ When to Use Buy Now

• Use when you have a strong FMV and want to offer a skip-the-line purchase.

• Avoid on items with emotional or sentimental value (e.g. kid art, VIP parking, lunch with a teacher).

💡 Recommended Buy Now Pricing

Set your Buy Now at 150–200% of the Fair Market Value (FMV). This avoids undercutting competitive bidding.

❗Important Behavior

If a bidder places a regular bid above the Buy Now value, the Buy Now button disappears. They do not win the item for that price unless they specifically click Buy Now.

---

📈 Starting Bids & Raise Amounts

🎯 Suggested Starting Bids (based on FMV)

---

📈 Raise (Increment) Guidelines

---

🛑 When NOT to Use Buy Now

Do not add a Buy Now price to:

• Items with sentimental value

• Items with unclear or non-monetary FMV

• Unique experiences that might create emotional bidding wars

---

🖼️ Bidder View Example

When a bidder views an item with Buy Now enabled, they will see a Buy Now button next to the current bid options. Once a bid exceeds the Buy Now price, that option disappears.