subject: Reverse Auction Models [print this page] Reverse Auction is one of the simplest ways to make a real decent living online. Ramp it up and you can make a lot more than just a living.
The difference in this format than the traditional auction style is the way the final price is submitted.
In the reverse model. every bid drives the price down instead of increasing. Participants find the activity fun. People who put their products on these reverse auction sites are finding the profits they make fun.
Think about it. You find a product you already need or at least want. make a bid of , let's say, $10. Someone comes in behind you and decides to bid. Their bid ends up being only nine dollars.
You go back and bid again and this time the bid drops to eight dollars.
See how this can become addictive for the participant. The thing is you will never lose money if you are the seller because you set the price you would require as the low bid threshold.
Reverse auction let's you sell your product easier as a lot of participants find themselves bidding more often just to see how low the price will go.
You find your sales increasing from the allure of the model alone.
This model has got to be one of the best money makers online. Affiliate marketing is not what it one time was. There are so many sales pages online saying basically the same thing, sales are now minimal at best.
Regular auction sites such as E-Bay has been over run with new sellers and not with new buyers. You would think that sellers would set a price that they can make a decent wage from but instead they all try o low ball the other and this results in no one making nay real money.
Reverse auction even has the average e-commerce sites beat. By a long shot!
Even the once stable e-commerce sites are seeing the desperation bug hit their price structures.
Once an item could be purchased for basically the same price as an item off line for the fact you could set the shipping and handling prices a little higher and the actual product prices a little lower.
Due to several of line business sales slumping, there is a huge inventory of a lot of different items. This overstock hurts the end price structure.
Huge companies usually have enough of the product to make a profit at a lower price. Many are just trying to liquidate and do not care if they lose money. They are just looking for cash on hand.
This is not a problem with reverse auction.
Very seldom will there be enough bids to drive you down to your low ball price. The competition can not see your bottom dollar as the true bids are kept hidden. This keeps competition in check.
Sooner rather than later, someone will figure out a way to manipulate these sites. As of now they are wide open and very profitable.
Find a good site that offers low fees and make your mark in reverse auction.
