Dubli.com had three options for the customers:
- X-price Auction, which they name Xpress (don't know why - this type of an auction is much slower if to compare with penny auction),
- Unique Bid - unique lowest bid auction,
- Zero Auction.
This was an explanation of zero-auction from dubli.com website:
"Dubli will list an item up for auction at the lowest possible price on the internet. In fact the Dubli price guarantee; guarantees the starting price of every item to be the lowest on the internet, or Dubli will refund the difference plus another 10%. if you find the same product at a lower price with in two weeks of your purchase.
In order to reveal the most current price you must spend one Dubli credit which cost eighty cents to reveal the current price. Every time the price is revealed by a Dubli customer the price of the product drops in increments of twenty five cents until the price of the product falls zero. In order to be the awarded winning bidder you must clicks to reveal the final price which drops the final price from twenty five cents to zero. It’s that simple!"
Not a smart idea. In reverse X-price auction you can buy the product every time, when you bid and price became open. In zero-auction you should wait when the joint efforts bring the price to zero.
Not a surprise, that they had to close this section, obviously due to lack of visitors.
Wednesday, September 30, 2009
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Hi,
ReplyDeleteI am glad to found your post which really provide new update.
Thanks for sharing information
Keep it up!
DubLi, has been operating since 2006 and has a proven track record, but was only in a few countries over there. Well, the kinks have been worked out and now they are really getting down to business!
ReplyDeletedubli