I put a significant amount of my personal funds into the venture and persuaded family and friends to invest, so it's tough to see Apptus fail. R.L. Rasmus Auctioneers has already posted the company's office equipment and hardware on its Web site . The current slowdown in the ASP industry has created a cottage industry for auctioneers. Rasmus claims to earn 13 percent to 20 percent of the total cost of a sale, which includes advertising. However, most companies carry the installation, license, training and support on the books.
Buyers can purchase top quality, late model, name brand equipment at a fraction of retail.
That's why auctions are becoming so popular. The auction should bring in a small sum of money for Apptus investors. Currently, consumers can post a bid on the Rasmus site for items listed in the auction catalogue and wait to see if they're outbid by Thursday. Online bidding ends at 6 a.m. that day and the top bid from the Internet auction becomes the opening bid at the live auction. Otherwise, we won't be able to highlight the link.