Reverse Auction

Reverse AuctionDubLi's auction portal hosts only brand new, high quality inventory from the world's leading manufacturers. In a DubLi auction, the bidder is charged a fee with each bid, in the form of a DubLi “Credit” that costs US$0.80/AU$0.90/€0.60. This auction fee covers DubLi’s cost of acquiring the customer and running the auctions, and it also covers the cost of reducing the auction price of the product in Xpress auctions by US$0.20 with each bid, which makes the auctions exciting and drives traffic. In exchange for the bid fee, the customer gets access to discounted prices at DubLi.com (in the same way that a Costco member gets access to discounted prices at Costco stores in exchange for its annual membership fee). The DubLi customer also gets the added enjoyment value in planning and executing their strategy involved with the bidding process.

The key difference between a reverse auction and a traditional auction is that the purchase price for an item in a reverse auction is continually driven down as more people bid. The success behind DubLi.com's reverse auction lies in the formula of being able to drive down prices incrementally with single bids placed by consumers until the price is reduced to a point where a buyer purchases it. DubLi includes a “BEST PRICE GUARANTEE” assuring the auction awardees that they are buying the products at a lower price far below any other name brand retail sellers.

Seven days a week, around the clock and across the globe, DubLi offers reverse auctions to online consumers. Our global auctions are interconnected, so a consumer in the United States may be bidding against someone in England, Japan, India or Iceland? The differences in time zones, also adds to the dynamics of our auctions so there is always action 24/7. With DubLi, shopping online is not restricted or controlled by borders, time zones, language or currency.
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