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What is bidorbuy.co.za ?

is a virtual trading place that brings buyers and sellers together and allows them to buy and sell virtually anything in an exciting auction format, using the Internet. Prices of goods offered on bidorbuy.co.za

are not fixed. The price is determined by the minimum price that the seller is willing to accept for his product and the maximum price that the buyer is willing to pay. Sellers are able to convert their unwanted products into cash and buyers are able to find products at very desirable prices.

Goods sold range from vacation packages and flight tickets to computers, home electronics, motor vehicles, books, music and sports equipment. Other vendors may be individuals selling new or second hand goods.

In the Consumer-to-Consumer arena bidorbuy.co.za

views itself as a replacement to the traditional Newspaper’s Classifieds section. Whereas in the Business to Consumer sector bidorbuy.co.za

simply serves as a Virtual Shopping Mall, letting virtual shopping space to vendors to display their good on offer to their virtual clients.

How does bidorbuy.co.za work?

Without registering or divulging personal information, Internet users are able to browse descriptions and images of all products offered. In order to participate in the auction, users are required to register, which takes approximately 60 seconds. They will then be assigned an account number and password, which will allow them to bid on products and to list their own products for auction. When listing an item the seller decides what the reserve price will be. This amount is not disclosed to other users but there is a message on the product page saying whether or not the reserve price has been met. (Note: The bidding may start below the reserve price). The reserve price is the least amount that the seller is willing to accept for the product.

Goods are displayed on auction for a period - between 1 day and 4 weeks. The seller decides on the auction period, usually depending on the type and value of the item on offer.

On completion of a successful auction (i.e. at least one bid over the reserve price (if one is set)) both seller and buyer(s) are notified automatically by the system of the successful deal. Thereafter both parties make contact in order to conclude the deal. Both sellers and buyers are bound by a legal agreement, which they sign upon registration on the site.

Why use bidorbuy.co.za ?

It’s a perfect solution for selling excess / unsold and perishable inventory.

It is a contemporary replacement of the traditional Classified Ads. section of the daily newspapers, where vendors can take a small amount of inventory and sell it in an auction format, thereby maximising revenue by reaching customers that they may otherwise not have reached.

You don’t have to be an expert negotiator or sales person to get a good price for your goods as the market / bidders negotiate on your behalf.

Selling and buying on auction is a thrilling process, which has proven successful for sellers as well as for buyers - locally and globally.

It offers better exposure to vendors as it is open for trading 24 hours a day, 7 days a week. As a result of bidorbuy.co.za ’s effective marketing campaign, goods on the site are exposed to high traffic volume

At the Business to Consumer level it is the perfect platform for getting rid of excess/redundant stock and pocketing thousands of Rands.

bidorbuy.co.za offers to vendors free exposure and advertising by being on the site. (Advertising through products).

bidorbuy.co.za currently ranks as one of the top-ten South African sites traffic wise. It is ranked globally as 9975th (according to alexa.com - July 2000) in a staggering 25 million websites.

Partner Sites: Jobs.co.za | Jump.co.za | TheClassifieds.co.za | PrivateProperty.co.za

Thu, Dec 4, 2008 01:00 AM