Partnering To Enhance Your Profit At The New Worldwide Reverse Auction Site Dubli

Partnering To Enhance Your Profit At The New Worldwide Reverse Auction Site Dubli

by David Batchelor

This is a unique event that will go down in Internet history. Dubli launched its original reverse auction in North America on April fourth, two thousand and nine. But in June of two thousand ten it became global. Now businesses all over the planet can bid on name brand products at cents on the dollar.

Not only did Dubli create this reverse auction, they also have created other e-commerce opportunities. They have an entertainment site, a shopping mall and a network academy all available in a virtual setting they call cloud computing.

There is no end to the possibilities for opportunities when you can bid for work in over ninety five percent of the world. People in Australia, Japan, Peru and the United Kingdom can now bid cat the same time for service jobs. This is definitely the beginning of a very profitable trend.

I'm sure you, the sharp individual, can see the advantage of this global access. The idea came from global phones. I'm sure that you can also see how this new system will impact e-commerce and how this will help your company in global positioning.

So how does this reverse auction work? You post a service you need on the virtual reverse auction site, then service providers all over the world will bid on the job you are offering. Some examples are advertising, contracting, catering and any other service a person may need, then you can procure the lowest cost available. In other words the lowest bid wins.

The terms that have been used for reverse auctions are sourcing even, e sourcing, procurement or e-auction. The market maker is a term used for the buyer or the person who needs the service performed. The market maker posts the job and you meet with him, most likely through a forum, email or a private chat room. You then both discuss what will be needed to perform the job like materials. The market maker will also ask how soon the job can be performed, costs of materials and labor.

Products, supplies, office machines and materials can also be procured through this same method. You the service provider become the market maker when you post what you need to buy to perform the job. You can save up to forty percent on your purchases by using a reverse auction site. If a person just wanted to buy office machines for a large corporation they may discuss the age or condition of machines they are offered.

Say you are small business and want a larger piece of the pie. Some business people are partnering with others to buy materials, or other items in larger quantities. This increases your profits by lowering your cost of these items. Service providers can form associations to offer a larger scope of related services, raising everyone in the association's bottom line. Cut costs, reap more profit and make more money by partnering in Dubli.

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