| The online auction industry has many different forms | | | | basic information before you start the bidding process |
| of auction available for you to participate in. In this | | | | is easy, and should be part of your game plan. Here is |
| article we will discuss some basic strategies for | | | | a strategy that might be of use to you. |
| DubLi's Zero reverse auction. In addition we will explain | | | | - Know the starting price, and the description of the |
| what a Zero reverse auction is, and how the auction | | | | item you are interested in. |
| concludes. | | | | - Take a moment, and look at the completed auction |
| The first topic to discuss is how the auction works, | | | | section - as all completed auctions are listed on the |
| and then we will get into the strategy to help you | | | | web site. Look to see if the item was in a previous |
| make an informed decision. The Zero auction is a | | | | auction, and make of note of the starting time, and |
| simple concept to grasp. What you have is a seller | | | | ending time as a guide to go by. |
| who is DubLi, and buyers from all over the Internet | | | | - Pay attention to the start time of the auction before |
| who compete in the auction. The auction will start off | | | | you place your bid, and make a note of the time you |
| where several items are posted revealing the starting | | | | place your bid. |
| price, and a description about the item. Similar to a | | | | - As stated previously know what you are willing to |
| traditional auction buyers compete to purchase the | | | | pay for the item before you start. I recommend a |
| item that is up for auction, however rather than the | | | | range between 10 to 20% of the retail starting price in |
| buyers competing to drive the price up to identify a | | | | DubLi credits. Knowing this will give you an indication as |
| winning bidder; in the Zero reverse auction the buyers | | | | to how many bids you will be able to place, and when |
| will bid down the price until the price goes to zero to | | | | to place those bids. |
| reveal a winning bidder. | | | | - Once you have used a credit to reveal the current |
| Once a bidder finds an item they are interested in, the | | | | trading price, make notes as to what the current price |
| way you reveal the current trading price is to spend a | | | | is, and how long the auction has been running. This will |
| DubLi credit which cost eighty cents. After you click | | | | give you an indication as to when to place your next |
| the show price button the price of the item will drop by | | | | bid. |
| twenty five cents, and the new price will be displayed. | | | | - Once you have revealed the price, and the price is |
| So what you have are bidders competing to bid the | | | | with in your targeted price range to spend in Dubli |
| price down in increments of twenty five cents until the | | | | credits then you simply bid continuously until you drop |
| price drops to zero. It is at this time the auction will end, | | | | the price of the item to zero. The strategy discussed |
| and the winning bidder is awarded. | | | | is just one of many that bidders use to participate in |
| A quick recap: The winning bidder who reveals the | | | | the Zero auction from DubLi. It should be noted you |
| final price dropping the last twenty five cents to zero | | | | are bidding at your own risk as there are no |
| will be awarded the winner. | | | | guarantees that this strategy will always deliver. The |
| Lets discuss strategy - as with any auction having a | | | | strategy discussed is simply a suggestion, or a guide |
| game plan, and a price you are willing to pay will go a | | | | for your information. |
| long way towards your success. Collecting some | | | | |