DubLi's reverse auctions are unique, fun, and exciting. Dubli offers three styles of reverse auctions in their world wide shopping portal: Xpress auction, Zero auction, & Unique Bid auction.

Dubli's Reverse Auction Explained!

It is important to understand, and identify what a reverse auction is, and why these auctions have become the most profitable auction models in the world before we can we can properly explain Dubli’s reverse auction. Traditional auctions have been around for years, and more than likely you are familiar with Internet companies such as eBay, eBid, uBid, Amazon, and Yahoo just to name a few who have popularized tradition auctions on the Internet. .

Traditional auctions are set up to include a "Seller" who is offering a product that multiple buyers compete in bidding up the price continually until only one bidder remains who is willing to pay the highest price. The auction process concludes once the highest bidder has been identified, meaning no more bidders are willing to bid the price higher.

The similarities of a traditional auction and reverse auctions both include a "Seller", as well as potential buyers, however unlike traditional auctions where there can be a multitude of sellers who sale several different products under one platform, Dubli.com is the only seller.

Dubli.com will offer several products for sale through their Internet auction website attracting potential buyers who in turn compete with one another to win a specific product of interest, similar to that of a traditional auction. The difference however, is that in a reverse auction the price of a product will actually go down as each bid is placed by potential buyers until a single lowest buyer has been identified. This is the time the auction will end and the product is awarded to the “Lowest Bidder.”

To recap the key differences between the two: in a reverse auction, as the bidders place their bids, the price of the product will continue to go up, where as in a reverse auction: as the bidders place their bids the price of the product will continue to go down from bids placed by potential bidders.

Let me introduce you to a brief overview of each of the three reverse auctions that Dubli offers: Xpress auction, Zero auction, & Unique Bid auction.

1. Dubli's Xpress auction has hundreds of products to choose from just like other online auction portals, however the difference that Dubli only offers brand new products in all of their auctions. As well Dubli's Price Guarantee ensures that every product will start at the lowest price on the Internet. The product is listed and will show the starting price, however the current price is not listed. In order to reveal the most current price you must spend one Dubli credit which is 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 someone chooses to buy the product.
   
2. Dubli’s Zero auctions: Dubli will list an item up for auction at the lowest possible price on the internet. The product is listed and will show the starting price, however the current price is not shown. Just like the Xpress auction to reveal the most current price you must spend one Dubli credit to reveal the current price. Each time the price is revealed the price of the product drops again in increments of twenty five cents until the price of the product falls to zero. In order to win you must clicks to reveal the final price dropping the price of the item from twenty five cents to zero.
3. Dubli’s Unique Bid auction: Is just that... it is Unique, and very different from the previous two auctions explained. Here is how it works - Dubli will list a product up for auction again at the lowest possible price on the internet. In addition the starting price of the product is always revealed just the same as the previous two auctions, along with the time, and date the auction started. However in this auction the ending date of the auction is also present unlike the previous two auctions. Now In order to win the product you must place a bid, or several bids by choosing which price you are willing to pay for the product that is the most unique, and  lowest bid out of all bidders. Again your bid choices are always in increments of twenty five cents, just the same as the previous two auctions, and the cost of a Dubli credit to place a bid is also eighty cents.  If you choose with in the allotted time frame both the lowest and unique bid you win the auction!