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  • Atricle Dump - Reverse Online Auction: If You Want To Save Money, Reverse Online Auctions Are The Way To Go

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    Rather than running to eBay and flinging himself at the seller -- “Please sell it to me! Look how much I’ll pay for it!” -- the buyer plays it cool, letting the sellers co
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    Reverse online auctions work in the opposite way from eBay- style auctions. A buyer lists the item he’s looking for, and sellers compete for his business by offering their lowest possible prices. In effect, the buyer is playing hard-to-get. Rather than running to eBay and flinging himself at the seller -- “Please sell it to me! Look how much I’ll pay for it!” -- the buyer plays it cool, letting the sellers com

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    est bidder “wins” and gets to pay that much money for the item. That’s great for sellers, but what about buyers? Wouldn’t it be better if sellers competed for a buyer’s business, instead of the other way around? That’s where reverse online auctions come in.

    Reverse online auctions work in the opposite way from eBay- style auctions. A buyer lists the item he’s looking for, and sellers compete for his business by offering their lowest possible prices. In effect, the buyer is playing hard-to-get. Rather than running to eBay and flinging himself at the seller -- “Please sell it to me! Look how much I’ll pay for it!” -- the buyer plays it cool, letting the sellers co

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    s, instead of the other way around? That’s where reverse online auctions come in.

    Reverse online auctions work in the opposite way from eBay- style auctions. A buyer lists the item he’s looking for, and sellers compete for his business by offering their lowest possible prices. In effect, the buyer is playing hard-to-get. Rather than running to eBay and flinging himself at the seller -- “Please sell it to me! Look how much I’ll pay for it!” -- the buyer plays it cool, letting the sellers co

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    tions. A buyer lists the item he’s looking for, and sellers compete for his business by offering their lowest possible prices. In effect, the buyer is playing hard-to-get. Rather than running to eBay and flinging himself at the seller -- “Please sell it to me! Look how much I’ll pay for it!” -- the buyer plays it cool, letting the sellers co
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    Rather than running to eBay and flinging himself at the seller -- “Please sell it to me! Look how much I’ll pay for it!” -- the buyer plays it cool, letting the sellers come to him.

    As a result, buyers in reverse online auctions usually pay less than people participating in regular auctions. A DVD that’s only worth $12 might have its price driven up to $20 or more on eBay, due to buyers competing with each other for the right to buy it. With a reverse Internet auction, that price will stay low, because buyers aren’t getting in each other’s way, artificially driving up the price. Instead, the sellers are driving DOWN the price because they want your business.

    There are two ways of running an auction online: open and closed. In an open auction, all the bidders know where they stand in the bidding, i.e., whether they’ve been outbid.

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