GoDib.com - Online Reverse Auction

All right! Enough of the suspense. I can’t hold it anymore.

GoDib is designed to provide users the greatest Online Reverse Auction experience. So what is a reverse auction site anyway? In my previous post I wrote about reverse auction sites. The concept as such has been used predominantly in business-to-business procurement where the roles of the buyer and seller are reversed to push the price of the product down. Well there are other concepts in Reverse Auction as well like www.oltiby.com where the buyer sets the price he is willing to pay and sellers bid for his business. Our reverse auction selects a winner based on the person who has the lowest unique bid.

From my previous post on reverse auction sites you know this concept is already there, so what is new that we are doing? As much as all of these sites are interesting, we truly believe we can create an auction experience that is fun and fair to all the participants. We didn’t design this site to mirror some other existing sites. We have built this like a game…yes you are playing a game with other bidders. If you are like me, who play a lot of Poker, you will love to play this game. It is more of a strategy on whether you win a auction and not just luck. In traditional auction the guy who gets the last bid in wins it! You might have followed the bid for the 2 days it was on and it just doesn’t matter!! We have a unique way to estimate the interest of each bidder and the more interest you have showed the more are your chances of winning the bid! Doesn’t that sound interesting? 

There is more to it…we put One Product a day for auction! Yes, at the end of the day there will be a winner, no reserve bids no gimmicks. It is just that straight forward. We will release all the information of the winner and the price at which the bid closed on the site. Nothing to hide.

We have a whole stream of interesting products lined up for the auction. All the products are brand new and in box - no refurbished or used products. Be there to win some of these products at rock bottom prices.

More to come!