{"id":233,"date":"2024-10-02T09:58:07","date_gmt":"2024-10-02T09:58:07","guid":{"rendered":"https:\/\/faq.fanatico.com\/?post_type=docs&#038;p=233"},"modified":"2024-10-10T07:07:26","modified_gmt":"2024-10-10T07:07:26","password":"","slug":"sales","status":"publish","type":"docs","link":"https:\/\/faq.fanatico.com\/index.php\/docs\/sales\/","title":{"rendered":"Sales"},"content":{"rendered":"\n<p>The <strong>Fanatico Sales Function<\/strong> allows Idols and creators to manage and monetize their content and items through various sales formats. The platform offers flexibility with three main sales types: <strong>Fixed Price<\/strong>, <strong>Traditional Auction<\/strong>, and <strong>Lowest Unique Bid Auction (LUB)<\/strong>. Below is a detailed guide covering each aspect of the sale processes.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Sales Types Overview<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fixed Price Sale<\/strong>: The seller sets a fixed price for an item or service. Once a fan purchases the item, the item is sold. The sale of amounts of more than one item is currently not supported.<\/li>\n\n\n\n<li><strong>Traditional Auction<\/strong>: Bidders compete by placing the highest bid within a specified timeframe. The highest bidder wins when the auction ends.<\/li>\n\n\n\n<li><strong>Lowest Unique Bid Auction (LUB)<\/strong>: Participants aim to place the lowest unique bid that no other participant has submitted.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Steps to Create a Sale<\/strong><\/h3>\n\n\n\n<p><strong>For Idols or Content Creators<\/strong>:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Access Sales Composer<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Navigate to the sales section through your profile and choose &#8220;Create New Sale.&#8221;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Upload Sale Information<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Add images, videos, and detailed descriptions of the item or content.<\/li>\n\n\n\n<li>Ensure accuracy and clarity in descriptions to increase buyer interest.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Select Sale Type<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Choose between Fixed Price, Traditional Auction, or LUB Auction based on your sale objectives.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Set Pricing<\/strong>:\n<ul class=\"wp-block-list\">\n<li>For Fixed Price: Set a static price either in Fiat or <a href=\"https:\/\/faq.fanatico.com\/index.php\/docs\/fanatico-fco-utility-token\/\">Fanatico FCO<\/a>.<\/li>\n\n\n\n<li>For Traditional Auction: Set a starting bid and optionally a reserve price.<\/li>\n\n\n\n<li>For LUB Auction: Define minimum and maximum bid parameters and configure automatic relist options.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Delivery Settings<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Specify how the item will be delivered: physical (shipping), virtual (online content), or in-person events.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Verification<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Sellers must verify their identity through email or phone, if not already done, before publishing sales.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Agree to Seller\u2019s Agreement<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Confirm adherence to Fanatico\u2019s Seller Policies by checking the agreement box.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Publish Sale<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Once completed, publish the sale, which will be visible to users based on the selected availability settings (open to all, specific followers, or Fan Plan members).<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Participation and Interaction for Buyers<\/strong><\/h3>\n\n\n\n<p><strong>A. Fixed Price Sale<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buyers navigate to the fixed price sale item and can purchase it directly if they have sufficient Fanaticos or fiat currency linked via card payment.<\/li>\n\n\n\n<li>Once purchased, the sale is closed and no further actions can be taken on the item.<\/li>\n<\/ul>\n\n\n\n<p><strong>B. Traditional Auction<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buyers place bids that must exceed the current highest bid.<\/li>\n\n\n\n<li>The auction continues until the set timeframe concludes.<\/li>\n\n\n\n<li>The highest bidder receives a confirmation and the next steps for payment and delivery are initiated.<\/li>\n<\/ul>\n\n\n\n<p><strong>C. Lowest Unique Bid Auction (LUB)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buyers place one or multiple bids within a predetermined range, aiming to submit the lowest unique bid.<\/li>\n\n\n\n<li>A &#8220;Buy Now&#8221; option might be available, allowing buyers to bypass bidding and purchase directly.<\/li>\n\n\n\n<li>Bids can be submitted in ranges, with rules on unique bid calculations.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Managing Delivery &amp; Post-Sale Processes<\/strong><\/h3>\n\n\n\n<p><strong>For Sellers<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Physical Goods<\/strong>: After the sale, sellers are required to input shipping details and tracking information for physical items.<\/li>\n\n\n\n<li><strong>Digital Goods<\/strong>: For virtual items like content or event tickets, a download link or access information will be shared post-purchase.<\/li>\n\n\n\n<li><strong>In-Person Events<\/strong>: Tickets or QR codes are generated for access to the events.<\/li>\n\n\n\n<li><strong>Confirm Delivery<\/strong>: Sellers must confirm the successful delivery of the item, and buyers are requested to acknowledge receipt.<\/li>\n<\/ul>\n\n\n\n<p><strong>For Buyers<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After purchase or auction win, the buyer submits the delivery address (if required) and completes payment.<\/li>\n\n\n\n<li><strong>Tracking Orders<\/strong>: Buyers can track physical items using the provided tracking number or view digital goods within their account.<\/li>\n\n\n\n<li><strong>Dispute Handling<\/strong>: If there are any issues with delivery, buyers and sellers can raise disputes within the platform for resolution.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. Sale Management and Status Tracking<\/strong><\/h3>\n\n\n\n<p><strong>Sellers<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sale Status<\/strong>: Each sale will be tagged with statuses like <strong>Pending<\/strong>, <strong>Active<\/strong>, <strong>Completed<\/strong>, or <strong>Cancelled<\/strong> for easier tracking.<\/li>\n\n\n\n<li><strong>Analytics<\/strong>: Sellers have access to statistics about each sale, including total bids, unique bids (for LUB auctions), and engagement rates.<\/li>\n<\/ul>\n\n\n\n<p><strong>Buyers<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buyers can view their purchases and bidding history in their profile under &#8220;My Purchases&#8221; or &#8220;Bidding History.&#8221;<\/li>\n\n\n\n<li>Notifications are sent for auction wins, outbid alerts, and delivery status changes.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>6. Usability &amp; Interaction Enhancements<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Tooltips &amp; Explanations<\/strong>: Detailed tooltips provide users with instructions and explanations for each sale type, bidding process, and delivery methods.<\/li>\n\n\n\n<li><strong>Verification Notifications<\/strong>: If an idol hasn\u2019t completed their verification, reminders are sent to ensure their ability to post sales isn\u2019t delayed.<\/li>\n\n\n\n<li><strong>Mobile &amp; Desktop Views<\/strong>: The sale creation and bidding processes are optimized for both mobile and desktop experiences, ensuring smooth user interaction.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>7. Benefits of Fanatico Sales Functionality<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Maximized Earnings<\/strong>: With multiple sale types, Idols can cater to different fan bases, whether through exclusive fixed-price sales or engaging auctions.<\/li>\n\n\n\n<li><strong>Fan Engagement<\/strong>: Sales are a unique way to keep fans engaged through exclusive content, unique items, or experiences.<\/li>\n\n\n\n<li><strong>Secure Transactions<\/strong>: All transactions are secured using Fanatico\u2019s payment systems, including blockchain-based Fanaticos and traditional payment methods.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Fanatico Sales Function allows Idols and creators to manage and monetize their content and items through various sales formats. The platform offers flexibility with three main sales types: Fixed Price, Traditional Auction, and Lowest Unique Bid Auction (LUB). Below is a detailed guide covering each aspect of the sale processes. 1. Sales Types Overview [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"doc_category":[27],"doc_tag":[],"class_list":["post-233","docs","type-docs","status-publish","hentry","doc_category-sales"],"year_month":"2026-04","word_count":793,"total_views":0,"reactions":{"happy":0,"normal":0,"sad":0},"author_info":{"name":"fanatico","author_nicename":"fanaticodev","author_url":"https:\/\/faq.fanatico.com\/index.php\/author\/fanaticodev\/"},"doc_category_info":[{"term_name":"Sales","term_url":"https:\/\/faq.fanatico.com\/index.php\/docs-category\/sales\/"}],"doc_tag_info":[],"_links":{"self":[{"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/docs\/233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/comments?post=233"}],"version-history":[{"count":2,"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/docs\/233\/revisions"}],"predecessor-version":[{"id":287,"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/docs\/233\/revisions\/287"}],"wp:attachment":[{"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/media?parent=233"}],"wp:term":[{"taxonomy":"doc_category","embeddable":true,"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/doc_category?post=233"},{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/faq.fanatico.com\/index.php\/wp-json\/wp\/v2\/doc_tag?post=233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}