For what it's worth, 90 minutes is a very short for an auction, and only getting 50% is daylight robbery
For what it's worth, 90 minutes is a very short for an auction, and only getting 50% is daylight robbery
Depends on how fast they can keep those trucks moving. I'd start investing in some math and software implementing that math in order to optimize those routes. You could tie it right into the auction website and give all the drivers webapps feeding them their next pickup/dropoff points. You would be able to charge based on distance/size calculated on the fly. I see room for making this really cheap. If you wrote good software for it, you could license the platform and not even actually do the business - this is a natural franchise.
Sorry, just rambling. I think this idea is great if done well.
If you have something of value, chances are you're not going to be using the above.
50% isn't that bad (or a whole lot) when a lot of the items won't be going for much anyway.
I'd see an upsell existing where you could pay $5 or $10 (or $1/lb) to extend the auction by, say, 24hrs.
The biggest problem I see is with a lot of leases ending at the change of the calendar month, there will be a surplus of items at the end of the month (as people have to leave), and a lot of demand at the beginning of the month (as people move in).