Getting Started with Auctions

Auction creation

• Think about your perfect winner
  • This will help you determine the rewards that will most motivate your community members to bid.
• Decide on the reward to auction
  • To create your first auction, the most important thing is to know what reward you want to auction. Possible rewards to auction:
    • Play a stream with you
    • Chat with you for a while on your Discord
    • Personal items
    • An artwork you have created
    • Exclusive in-game items
    • Exclusive merch from your store

Anything you can imagine, the possibilities are endless. Always keep in mind that the reward should ONLY be won by the highest bidder. The auction reward should be something that only that person should enjoy.  

• Filling in the auction details
  • Auction Title: Use the name of the reward or a name your audience is familiar with.
  • Description: Describe what the winning user will get out of the auction
  • Duration: 95% of the auction activity occurs during the last hours/minutes, so we recommend the auction to last for hours or at most 1 or 2 days
  • Starting price: The starting price depends on the item you want to auction. If it is an item that requires time for production and/or shipping costs, we recommend making the calculation and ensuring it exceeds the costs.

• Add the auction widget to a browser source
  • If you want to run the auction while you are streaming, add the auction widget to a browser feed of your streaming software. The widget will display the auction and the bids being placed in real-time on your screen.

Auction Promotion

• Share the link to your auction
• • Promote the public link to your auction through all your networks. Remember that after creating an auction, you'll have several links on the right side of your screen:
    • Browser source link for your streaming software
    • Public link to your auction for your viewers to bid 

Share the public auction link to promote your auction among your community. The auction can be accessed through your current Streamloots page link or the public auction link. 

• Start the stream, promote the link to your auction

This is the key moment of the auction, to make your auction a success you must promote it and create hype in your community. The key moments to promote your auction are before/during, or minutes before the end.

Before the auction, you can share the link for your viewers to see the auction. Afterward, if you are running the auction live, the widget in your stream will announce the bids that are being placed. To make sure that everyone knows the link to your auction, we recommend that you announce it during the stream itself. The last hour/minutes of the auction is the time when most of the bids are made, take advantage of it and promote it as much as possible.

Auction End

• Contact the winner
  • Once the auction is finished, you will be able to check the winner's details from the auction panel. You will have access to their personal data and email to complete the transaction.

• Receive the money from the buyer
  • That's it! The winner has 7 days to complete the payment. Check our F.A.Q for more information.