{"id":707,"date":"2020-08-08T20:27:59","date_gmt":"2020-08-08T20:27:59","guid":{"rendered":"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions-new-new\/?p=707"},"modified":"2024-01-25T09:59:57","modified_gmt":"2024-01-25T09:59:57","slug":"how-to-create-a-reverse-auction","status":"publish","type":"post","link":"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/how-to-create-a-reverse-auction\/","title":{"rendered":"How to create a reversed auction?"},"content":{"rendered":"\n

What is a reverse auction? You might ask. A reversed auction is, as the name says, reversed. Instead of inserting a minimum amount, you now put in a maximum amount, and the users can keep bidding to lower the product price.<\/p>\n\n\n\n

Step 1. Create an auction product and set price<\/h4>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

We start by selecting the ‘Reverse’ auction type option. After that we go to ”Prices” tab and set the starting price, which should be the maximum<\/strong> price. As the users can keep bidding to lower the price.<\/em><\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

Step 2. Set the start- and end date<\/h4>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

We go back to ”General<\/strong>” tab, and we select the start date (we could use the ‘now’ button to select today’s time and date) > Done. We click on the end date field, and give in the end date and time.<\/em><\/em><\/em><\/em><\/em><\/p>\n\n\n\n

Step 3. Check the end result<\/strong><\/h4>\n\n\n\n
\"ex<\/a><\/figure>\n\n\n\n
\n

On the shop page we see a message, informing the user that the auction is reversed. Furthermore we see the minimum amount we gave in, the countdown and the end date.<\/em><\/p>\n

\"ex<\/a><\/figure>

<\/p>\n

After placing a bid, just like a normal auction, the current bid price has changed. However, since it is a ‘<\/em>reversed auction’ <\/em><\/strong>the price is lower<\/strong> instead of higher.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

What is a reverse auction? You might ask. A reversed auction is, as the name says, reversed. Instead of inserting a minimum amount, you now put in a maximum amount, and the users can keep bidding to lower the product price. Step 1. Create an auction product and set price We start by selecting the … Continue reading How to create a reversed auction?<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,8],"tags":[],"class_list":["post-707","post","type-post","status-publish","format-standard","hentry","category-examples","category-premium-version-settings"],"yoast_head":"\nYITH Auctions : How to create a reversed auction?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/docs.yithemes.com\/yith-woocommerce-auctions\/how-to-create-a-reverse-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YITH Auctions : How to create a reversed auction?\" \/>\n<meta property=\"og:description\" content=\"What is a reverse auction? You might ask. A reversed auction is, as the name says, reversed. Instead of inserting a minimum amount, you now put in a maximum amount, and the users can keep bidding to lower the product price. Step 1. 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