Working Post Portal: The reverse auction

The online auction of Working Post Portal is not an ordinary one: it works in reverse. Instead of money, products are placed on a request with a fixed budget, which should come as close as possible to the wishes of the applicant.
 
ZURICH - April 3, 2013 - PRLog -- The method with the reverse auction allows the member to limit the budget for the product to be purchased and to keep the budget under his control (in standard auctions interested buyers often can not keep up bidding). It works similar as in a clothes shop, where someone wants so see all the jeans up to 80 francs, because he wants to spend not more than 80 francs. Maybe then he buys a pair of jeans for 100 francs, or opt for an offer for less then 80 francs - whatever his budget allows.

Once someone is a member of Working Post Portal, he can place a search order with a budget set by him under www.wopopo.ch, so that other members make him offers - among which he can choose his favorite product and buy it.

Of course he can also turn down an offer or buy a product direct among the list of offers. Then the offer(s) made to his budget expire after a certain period, which can last up to two months. If he uses the auction, he can select at most from more than 20 offers, which come from different vendors in each case (per offer only one seller is allowed).

Seller have the same options as the buyer: He can offer a product to a budget or sell it directly. Of course free of cost or charge.

Membership at Working Post Portal is free of charge for sellers and buyers, the buyer pays 1 franc fee per purchase, sellers of products pay no fees.
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Tags:Auction, Selling, Buying, Shopping
Industry:Auction
Location:Zurich - Zurich - Switzerland
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Page Updated Last on: Apr 03, 2013
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