Reverse Online Auctions

noreply@blogger.com (Elina R) — Mon, 23 Jul 2007 20:03:00 +0000

Yahoo Auction Closure: the Rise of Reverse Auctions?

Does the recent closure of Yahoo! Auctions means that the eBay like auction model is falling and that new comers like Oltiby.com are on the edge of a new buying model with reverse auctions ?

Last month was marked by the official closure of Yahoo! US and Canada Auctions sites. After several years of service trying to compete with eBay, Yahoo! has decided to stop the chase and retire from this online auction market.

Yahoo! Auction site's homepage states "After careful consideration, we have decided to close down our Yahoo! US and Canada Auction sites to better serve our valued customers through other Yahoo! properties."

What happened to this giant marketplace of Yahoo? According to statistic, Yahoo! Auctions were receiving less than 1% traffic compared to eBay auction site. Some said that Yahoo! closed its auction site shortly after becoming the exclusive PPC ad’s provider for eBay.

However, Sylvain Reiter, VP of Oltiby.com, takes another direction to explain the closure: “eBay has grown tremendously and taken over most of the online auction business in the western countries. I think that Yahoo! realized there were not much room to compete with eBay and didn’t see any future growth in this market. The business model of eBay-like online auctions is reaching its limits and people start to understand the benefits of reverse auctions”.

Reverse auctions are not competing with online auctions but are following the opposite model: one buyer posts an order for an item he wants to buy. Sellers are becoming the bidders and reduce their bids to win the sale. Thanks to the competition between sellers, the buyer ends up saving money.

Oltiby.com provides a reverse online auction service for all categories of products, as wide as Yahoo! or eBay auctions. Launched in 2005, it is now offering all the services of regular auctions, plus the benefits of being in control and saving money to the buyer on a “no savings – no fee” basis.

Sellers receive free leads and bid the price they are ready to sell item for. Oltiby.com is currently available worldwide with a unique US based marketplace and is currently expanding its activity to dedicate a platform for the European users.

We can assume that Yahoo! is giving up on the US market now trying to focus on the Asian market. After paying $1 billion last year to acquire 40% of Alibaba, Yahoo! wants to become the “eBay of Asia”. But the economy is growing globally, more and more sellers are competing to sell similar items and reverse auctions are the only viable model for the future of trading business.

Discover more about Yahoo! Auctions retirement on http://auctions.yahoo.com/
Learn more about reverse online auction on http://www.oltiby.com/

noreply@blogger.com (Elina R) — Sun, 17 Jun 2007 10:30:00 +0000

Yahoo! Auction is closing, Oltiby.com is rising

Yahoo! US and Canada auctions sites have stopped thei activity yesterday, still being live but not accepting any more bids or registrations. This makes us wonder that the regular eBay like auction model is not viable anymore. Buyers are getting tired of bidding higher and higher to buy something they like, and sellers pay higher and higher fee to list more items and get more online presence.

Oltiby.com is offering an alternative solution, based on the opposite model. Buyers are in control of the reverse online auctions, they fix all the parameters and are in charge of the fees if, and only if, they save money. Sellers are competing and bidding against each other to win a new customer. This is the new market development law, and everybody has to get used to it...

noreply@blogger.com (Elina R) — Fri, 13 Apr 2007 20:07:00 +0000

Online Auctions and Security

Everyday in the IT / Tech news we can hear about identity theft and online security are raising issues. As more and more businesses and transactions are going through the internet, hackers are always trying to get one step further. On the other side, online merchants need to assure their activities and data are safe

Online auctions sites are as much targeted as online merchants as communication and exchange of information is made on a regular basis between all members. How do you know you are bidding on a real item? That it will be really shipped to you? What about accepting bids in your online auctions from unknown buyers... are you gonna get paid?

Methods of protection

Regarding the security of data, SSL communications ensure that the data you are submitting to the server are encrypted. Nobody can intercept and decode these data. You have to make sure the online auction site displays a lock in the browser's taskbar; which means the encryption certificate (from companies such as Verisign, Thawte...) is valid. HackerSafe also provides a solution to secure the program itself and validate that no security breach can hurt the server and your private data.

You also need to trust the company itself. The investment in the design and user-friendliness of the navigation can tell you a lot about importance of the business. Good website, well maintained and always looking for improvements, without any errors make you feel safer when exchange data.

For community sites such as online auctions, you will need to trust other users you are dealing with. The trust between buyer and seller is the only point that will make a website successful or not. Oltiby.com has introduced a strict verified member program to make sure users are really who they claim they are.

noreply@blogger.com (Elina R) — Sun, 21 Jan 2007 19:29:00 +0000

More on Shipping Reverse Auctions

As part of the mutual value equation, you effectively also get to decide how you want your item shipped. This does not sound like a good deal, but we all know that this is sometimes where the hidden charges are! NOW YOU CAN AVOID COSTLY SHIPPING!

The competition between sellers is enhanced because you won’t have to pay outrageous shipping fees. You get to decide the maximum shipping you are willing to pay and how you ship your item. With competitive pricing among shipping methods, you can decide how much or little you are willing to pay for your shipping. This saves you even more.

You don’t have to waste your time online to find the lowest price of an item and add up the shipping cost only to find out that its not such a good deal.

noreply@blogger.com (Elina R) — Fri, 22 Dec 2006 14:56:00 +0000

Reverse Auctions on Shipping

With Reverse Online Auctions, as part of the mutual value equation, you effectively also get to decide how you want your item shipped. This does not sound like a good deal, but we all know that this is sometimes where the hidden charges are! NOW YOU CAN AVOID COSTLY SHIPPING!

The competition between sellers is enhanced because you won’t have to pay outrageous shipping fees. You get to decide the maximum shipping you are willing to pay and how you ship your item.

Competitive Shipping Prices

With competitive pricing among shipping methods, you can decide how much or little you are willing to pay for your shipping. This saves you even more. You don’t have to waste your time online to find the lowest price of an item and add up the shipping cost only to find out that its not such a good deal.

noreply@blogger.com (Elina R) — Thu, 30 Nov 2006 21:32:00 +0000

Online Auctions Makes Sellers Compete For You

In and through the dynamics, processes and outcome of reverse auctions, you get to experience the competition between sellers by setting the price, specifications, shipping and even date you will buy the item and then watch them compete and fight over your purchase and business. You get to witness the bidding war so to speak. It’s one stop shopping with competitive pricing and fair deals for all!

Reverse Auctions

With the reverse auctions capabilities and processes at Oltiby, you (as the buyer) gets to decide shipping method and prices, timing and specifications of the bid and items you want. You are empowered to decide how long you want to wait for the item and the right price.You decide how you will pay for the item.

noreply@blogger.com (Elina R) — Sat, 18 Nov 2006 11:41:00 +0000

New MyBuyBlog Service

A new reverse auction has been launched by Oltiby. This reverse auctions site has an innovative technology that will change our lives. It introduces the new perception on how we purchase things.

MyBuyBlog is your personal reverse auction marketplace. It's a mini-oltiby venue for you and you alone to advertise to purchase products. It allows you to have your dedicated buying space.

Post Your Buying Ad and Save Money Using Reverse Online Auctions

Here are a few links to read more details about this reverse online auction service:

Press Release on a new E-Procurement Service with MyBuyBlog Online Auctions, another article talking about MyBuyBlog Reverse Auctions.

Try myBuyBlog today and experience a truly innovative procurement process with this popular Online Auction Service

noreply@blogger.com (Elina R) — Tue, 26 Sep 2006 21:18:00 +0000

New Search Engine for Reverse Online Auctions Platform

Oltiby.com is proud to introduce the search feature on his listings. This provides a great help for buyers and sellers.

When a buyer come to the website, it can be good for him to check whether other people are trying to buy the same item that he wants. That will show him examples of how to describe the item in the Reverse Auction Listing, what is the average price he can buy it for... Also the search function will apply on sellers ad, so the buyer will be able to find suppliers in our database that are already offering this product. If the auction seller did put the Selling Ad on Oltiby.com, that means he is ready to offer it through an online auctions live event.

The Reverse Online Auctions system on Oltiby.com allows buyers to benefit from sellers competition. Any user, registered or not, can use this search function and access Oltiby Online Auction Business database.

This great tool also comes with a "Most Searched Terms" function that will display the popular items on Oltiby.com.

noreply@blogger.com (Elina R) — Wed, 30 Aug 2006 15:28:00 +0000

Simple As 1-2-3…Reverse Auctions Guarantee Consumers A Safe Way Of Buying

At Oltiby, reverse auctions brings to life every aspect of this live, real-time, on-demand, limited opportunity to connect, interact and exchange in a dynamic environment of motivated, pre-qualified buyers and sellers global marketplace. This online community of value-savvy bargain-hunting buyers and smart sellers have all figured out how this platform creates mutually beneficial process and outcome that they do not want to miss out on.

These reverse auctions methods, will revolutionize and enable the new fast-paced, highly competitive economy. Instead of the buyer waiting to buy an item, and needing the item yet not receiving it, reverse auctions enables you to secure multiple offers from sellers and the ability to accept the lowest bid, saving you money and time.

noreply@blogger.com (Elina R) — Tue, 27 Jun 2006 14:48:00 +0000

How To Save Money Using Reverse Online Auctions?

If you have been using auction sites as a buyer, you all know that the last minutes of the countdown will be terrible. How much more are you gonna have to bid to win the sale? How many more buyer will bid higher? Are you willing to spend more than your expected budget?

If you are tired of that system, switch to reverse online auctions on Oltiby.com

Using the reverse selling concept you may purchase items from sellers were the sellers have bid the price down to a level that you are willing to accept. You are in control of the price. When you post your Wanted Ad, you, the buyer, fix the starting price. If sellers want to win your business, they need to bid lower and compete with each others. You can only save money! Believe me, you have to try it once!

noreply@blogger.com (Elina R) — Wed, 31 May 2006 00:18:00 +0000

Online Auctions from Home

Online Auction has become popular thanks to EBay and has created many home based business. We you have some time home, you can start thinking about useless stuff packed in your garage and get some money by selling them online. I think that one of the success of this type of online auction activity is that this is down to earth, human to human. This is not business trying to get more customers with marketing strategies, this is real home users responding to basic need of customers.

Online Auctions is like collaborative network of users exchanging goods. Everybody brings a piece, either buyer or sellers, at the end, everybody can find what he is looking for.

The concept of Reverse Auctions can stick on the same model but where buyer's demand will create more business. No need for buyers to look for items on comaprison sites, they just have to post what they are looking for. On the other hand, home owners don't have to determine prices. Just by browsing categories at Oltiby.com the idea can rise when finding some buyers ad: "Hey I do have this item. I haven't use it for years, let me sell it and make some money right now!". The seller already know how much he's gonna make, as the buyer put on the ad the price he was ready to pay. Free leads, Fast transaction, 0 risks, everybody save time and money on Oltiby.com.

noreply@blogger.com (Elina R) — Wed, 17 May 2006 03:09:00 +0000

What to buy? Let your imagination goes

You're still wondering what to buy for your husband next birthday? By browsing on Oltiby's categories, you will get to see other members inquiry and that could give you ideas. You may find something on the home and garden category to take care of your flowers and trees, or sport auctions where you could buy either collectible items if he's a sports fan or fitness equipment if he's an active athlete. What about the electronics appliance, it's now fashion to get his mp3 player or portable DVD for kids during long drive throughout the states.

That's the way to go. Subscribe and ask for everything you think about, it's free. As more visitors are coming, you'll get more chance to find a seller, even if you asked for unusual item. Somebody will get it somewhere! Let's build a huge marketplace where buyer and auction seller will gather to steady the offer and demand balance.

noreply@blogger.com (Elina R) — Sun, 30 Apr 2006 02:10:00 +0000

Jewelry Auction on Oltiby.com

It looks like Jewelry has been the most popular category on the new Oltiby marketplace. The most users have selected this jewelry (rings, necklaces...) categories to submit their auctions. You can find many sellers on the auction seller jewelry page advertising their available items for sale at auction, like body jewelry, beads and findings, bracelet, rings and even men jewelry.

This marketplace can become the main place for procurement in engagement and wedding rings. There is so many jewelry websites around here, a lot of sellers competing to get traffic on their website. Everybody, buyers and sellers should meet on Oltiby.com. Sellers will advertise for free, no need of tough SEO and buyer will find exactly what they are looking for by posting their wanted ad and getting the best prices...

noreply@blogger.com (Elina R) — Wed, 05 Apr 2006 21:32:00 +0000

Having a good business on eBay? You can do more...

Let's come back on the sellers, see how they can benefit from Oltiby.com Reverse Auctions. If they are sucessfully selling products on eBay, that means they have found the right product at the right price.

But where did they found that product? What is their procurement process. If they have an exclusive, unique, brand new product, the following rule may not apply. But for everything else, as long as there is several suppliers, here is a simple rule to increase profit: sell at higher price (but customer may not follow) or buy cheaper in quantity... That's where the reverse auctions comes for YOU! Buy cheaper on Oltiby.com and continue to sell the same price on regular auctions sites.

noreply@blogger.com (Elina R) — Mon, 03 Apr 2006 21:35:00 +0000

Buyer and Sellers: Both Have Benefits in Reverse Auctions

Sellers are also beneficiary from reverse auction marketplace. Don't think that reverse auctions are bad for sellers. Reducing the price may reduce their margins but the capitalism world has become like this, competition is everywhere and customer is always looking for better prices.

The advantage for sellers is to get more leads for cheap! Sellers don't need any marketing budget to get know for their products. Just browse one of the category and find buyers, ready to buy that already have the budget. No need for marketing speech to convince him, just post your better price and win the sale!

As I explained before, buyer is saving money buying with Oltiby.com. He can ask for everything, his imagination is the limit! Any categories can be added and sellers are everywhere, not that far... on eBay for example.

noreply@blogger.com (Elina R) — Sun, 02 Apr 2006 20:59:00 +0000

Online Auction should follow regular business where the buyer is king

Talking about auction, you think that only the seller take advantage of having more money for his item. He is the one to offer a product and all buyers are stressed and hesitating to give away more money in the last second of an auction. Let's imagine yourself in the buyer mind: you came with a maximum budget to buy this frame at auctions. Unfortunately, when the countdown approches the end, other buyer are bidding higher than your maximum. But you really want the frame that would perfectly fit in your living room. What is your margin, can you dedicates more money on this auction? Finally, you have to forget the item as the bids reach double of your initial budget, you end up without any item.

Now what if the buyer would take control of the operation. When you think about it, he's the one with the money, he's the one spending... Like in regular commerce, the customer is always the king, even in online auctions.

noreply@blogger.com (Elina R) — Thu, 30 Mar 2006 21:55:00 +0000

Easy way of understanding Revese Auctions

Today, I'm going to explain the basics of reverse auctions. This new way of buying comes in the opposite way of regular auctions like eBay, it can be defined as "Online Auctions in Reverse".

On eBay, everything is made for the seller who wants to sell items. He's the one who benefits from the buyer competition, rising the prices up. With Reverse Auctions, the advantage turns back to the buyer...

Oltiby.com has dedicated his marketplace to the buyer so they can SAVE money, instead of paying more and more in the last minute of a competitive regular auction. The buyer asks for the product he his looking for and the sellers post their bids. They are bidding on the price they are ready to sell the item for. Understood?

noreply@blogger.com (Elina R) — Wed, 29 Mar 2006 23:55:00 +0000

Reverse Online Auction Blog

Here is today, my first post on a blog. I finally made it! I've heard a lot of my friends writing blogs about their daily life, about IT, about abroad trips... My blog will focus on something quite new, that a lot of people don't catch when they first hear it: REVERSE ONLINE AUCTIONS...