Using AI in the Auction Space - An Intro to AI for Auctioneers and K-BID Affiliates.

 

 Click here:  Link to ChatGPT - Affiliate Proposal Writer

Paid ChatGPT account required to use.  

🧠 AI in the Auction Business - Training Recap

Date: June 27, 2025
Duration: 1hr 11min
Presenters: Chris Schwartz & Jeremy Delgado

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🚀 Overview & Purpose

• First in a monthly training series for affiliates focused on practical tools, not fluff.
• Goal: Help affiliates be more efficient, profitable, and AI-enabled in their businesses.

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📘 What is AI & LLM?

• LLM = Large Language Model: predicts the next word based on context.
• Think of AI (e.g., ChatGPT) as a supercharged assistant with a great memory.
• ChatGPT, Claude, Grok, Gemini, Perplexity—start with one (recommended: ChatGPT Pro $20/mo).

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🛠️ Auction-Specific Use Cases for AI

• Lot cataloging and description writing
• Ad creation and copywriting
• Auction proposal generation
• SEO-optimized titles and auction details
• Seller pitch preparation and role-playing
• Auction recap writing
• Affiliate profile writing
• Daily business and personal tasks (e.g., grocery lists, asset research)

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✍️ Cataloging & Description Writing

Do:

• Use for asset research and description drafting
• Include clear images and specific details (model #s, condition, history)
• Leverage AI prompts like: "Write a short auction description for this bandsaw..."
• Use prompts to control tone, add context, and direct results

Don’t:

• Paste output without review (AI makes mistakes!)
• Let AI imply condition unless verified
• Use overly generic prompts ("write a description for a table")
• Forget: pictures sell—AI complements, not replaces

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💬 Marketing Applications

• Improve auction titles to boost SEO and bidder clicks
  • Example: Replace "Mike's Auto Auction #119" with "Big Vehicle Auction – Ford, Chevy & More!"
• Use AI to refresh auction descriptions, profile bios, and detail tabs
  • Add location, key assets, value props
• Keep auction content consistent and professional across all auctions and profile sections

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🧪 Live Use Case: K-BID Proposal Writer

• Custom GPT that generates professional auction proposals
• Pre-built forms for estate, business, government surplus, and collector auctions
• Outputs can be customized, copy/pasted to docs, and refined
• Shared with all ChatGPT Pro users – link available in the affiliate portal

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📸 Third-Party AI Tools for Description Writing

• LotLingo (K-BID API integration in progress)
• AssetTracks (industrial focus)
• AuctionWriter (endorsed by affiliates)
• AI Cataloger (untested)
• ListorNot (retail/e-commerce focus)
• Shopik (local partner)

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📌 Pro Tips & Takeaways

• Place a sticky note at your desk: “Can AI do this?”
• Don’t let AI make you lazy—review everything!
• Long AI descriptions = bad UX. Keep it concise unless detail is needed.
• You’re NOT behind. We’re still early in the AI revolution. Just start.
• Update your affiliate profile, auction details, payment/removal info using AI for consistency.
• Most AI tools learn your preferences over time—keep iterating!

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✅ Action Items / Homework

1. Subscribe to ChatGPT Pro ($20/month).
2. Try AI on an easy task: auction titles, profile rewrite, or auction details.
3. Review your affiliate profile and refresh it using AI.
4. Test third-party tools like LotLingo for description automation.
5. Get involved in future trainings—last Friday of every month.