What Are The Advantages Of Reverse Auctions?

With a normal auction, the price goes up with the bidding, whereas in online reverse auctions resellers bid against each other and the price goes down. The reverse auction process can be used for any goods or services, and as such, it brings significant savings to all buyers.

• Significantly reduce the cost of the products
• Save substantial amounts of time
• Competitors are required to disclose their prices to each other, which then contemplates multiple rounds of bidding
• It is quick (competitors normally have only minutes to do their bidding)
• It expects and even encourages competitors to focus on each other’s pricing
• The more you buy through a free online auction, the more you save. Get great rewards by saving money with Oltiby

Step One - Become a Member - simply choose your own user name and password. It is Free!

Step Two - Here you will need to provide your information in order to post an order for an item that you are looking for. It is Free!

1. Buyers - Posting an Order is Free.

2. Sellers - Displaying items for sale is Free.

3. Sellers - Bidding on items at online reverse auctions is Free.

Buyers pay Oltiby a service fee a percentage of the lowest bid. Oltiby will then provide you with the sellers contact information (name, address, telephone and email) to complete the sale.