During the last automated sale, there were about 15 advertisers that were all at the FK site refreshing and watching the countdown, waiting for the chance to buy 1 package. The initial price was set at $0.03, which wasn't really expected to be a real price, but rather a starting point so that buyers would wait and watch until the price became reasonable to them for purchase. But one advertiser apparently didn't read the instructions or the price very well, as they instantly made a $3000 order as soon as the auction opened. The problem is that they didn't know what they were doing, and didn't follow thru with the purchase. So basically about 14 people waited and watched and gathered together for nothing. I knew right there that the system that I had was not working and advertisers were getting frustrated.
At that point I was ready to sell some advertising, and there were a ton of advertisers ready to buy, so I canceled the automated system and requested bids and got some advertising sold. Of course there is a limited supply and I'm not able to fully sell the $xx,xxx worth of advertising bids that have been submitted.
Many advertisers prefer the bid system over the automated system as they are busy and don't have time to wait and watch and try to catch an auction with only a slim chance of winning due to demand. Some advertisers prefer an automated system.
I've learned many things about my advertisers and their needs from handling the bids and orders manually that I would like to roll into a new automated or semi-automated system in the future.
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