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Reverse Auction Ecommerce Platorm

Discussion in 'eCommerce' started by AlexBaltag, Feb 10, 2013.

  1. #1
    What do you think about this concept of reverse auction? Sharing what you need to buy and start receiving price offers from sellers. In is the reverse of Ebay , all you need to do is to tell the others what do you want to buy and how much you are willing to pay for it.
    This platform could help you save time and money when shopping.
    Would you use such a platform? What are the pro and cons of this platform?
    AlexBaltag, Feb 10, 2013 IP
  2. maneetpuri

    maneetpuri Active Member

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    You are very much right is stating the usefulness and easy nature of the platform that we know as ‘Reverse Auction’. However, the true motive behind auction is competitive pricing that inturn induces savings. There are two major features of reverse auction that can actually defeat your purpose and these are bidders collusion and connectivity. I agree that the process is very much transparent but the excessive bids can ruin your decision-making and your sleep too. If you know the bidders and are good at realistic cost estimates, then reverse auction can be fruitful too.
    maneetpuri, Feb 12, 2013 IP