| I love when people ask me, "How do your reverse | | | | Customers think the price is right - they just buy it! |
| auctions work?" It shows that they are open to | | | | DubLi's Zero Auction works as follows:o Each click on |
| learning new things and not so skeptical that it keeps | | | | "show price" lowers the actual priceo Each "show |
| them from saving money! | | | | price" click costs .80¢o The price drops in |
| Now to the question: How do the DubLi reverse | | | | .25¢ incrementso If Customers lower the price |
| auctions work? Well, before I answer that, I think it's | | | | from .25¢ to 0, the auction is over and the |
| important to discuss how traditional auctions work first. | | | | product is theirs! |
| Auctions, like the ones you typically see on eBay or | | | | Functionally the same...but you cannot buy any of the |
| yahoo, involve Seller, their product and Buyers that bid | | | | products. You can only get them for 0, or, in reality, for |
| against each other to get that said item. Each time a | | | | the .80¢ credit that you spent! |
| Buyer bids on an item, they try to outbid the last buyer | | | | DubLi's Unique Auction works as follows:o Bid the price |
| by bidding higher. The highest bidder gets the item. | | | | you want to payo Bids can be placed in increments of |
| DubLi has three reverse auctions: Xpress, Zero and | | | | .25¢o If a Customer's bid is the lowest and unique |
| Unique. Although functionally the same, they are each | | | | (no one else bid the same price) amount, the item is |
| quite different. DubLi's Xpress Auction works as | | | | theirso Each bid costs .80¢ |
| follows:o Each click on "show price" lowers the actual | | | | DubLi's reverse auctions definitely offer a new, |
| priceo Each "show price" click costs .80¢o Any | | | | revolutionary way to shop! Customers get the |
| time someone click "show price", the price goes down | | | | products they want at the prices they choose! |
| (hence the URL name) in .25¢ incrementso When | | | | |