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Auctionbytes-NewsFlash, Number 1644 - October 17, 2007 - ISSN 1539-5065      Previous Story | | Next Story

cMarket Gives 'Auction Fever' to Non-Profit Auction Bidders
By Ina Steiner
AuctionBytes.com
October 17, 2007
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cMarket, an auction platform for non profit fundraising, has introduced Intelligent Auction Management (IAM). Built on data gleaned from over four years of more than 2,500 fundraising auction events, IAM applies advanced psychological tactics to engage donors to bid longer and higher, eliciting what the company has coined "auction fever," "competitive arousal," and "escalation of commitment." In order to keep donors engaged, and "bid up" the price of items, cMarket has generated targeted email messages with carefully crafted language to prompt bidders to continue to stay engaged.

In addition to IAM, the enhanced version of cMarket provides non-profits with the tools to more easily brand their auctions; develop catalogs of interest to targeted donors; collect additional cash donations; deliver enhanced and expanded cause-marketing value to sponsors - including impressions and click reporting.

http://www.cmarket.com


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Related Stories
  • cMarket Data Reveals How Online Auction Bidders Think - January 17, 2007, Issue #1454
  • cMarket's New Site Aggregates Charity Auctions - February 23, 2007, Issue #1481
  • cMarket Reaches Milestone with 2,000th Online Fundraising Auction - April 24, 2007, Issue #1523



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