Online Bidding In India

By Author: Sarabjit Singh
Total Articles: 2
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Online bidding is a thrilling game. It is linked with auction. It is a process through which a product is sold in the presence of multiple buyers. In case of simple auction, the buyers bid for a particular product and the person ready to pay highest bid, generally wins.
But the concept of online bidding is new and totally different from the traditional bidding. There are many types of online biddings going on in the market. The one that we are going to discuss here is simpler.
You will have option to select any products from host of the products available for pick at that moment and start bidding on them. The bid of each product ranges between 0 to 10% of MRP of the product. Suppose, when the first bidder bids for the product, the bid will be of 10 paise. For second bidder, the bid will be of twenty paise and for the third bidder, it will be of thirty paise and so on...
This is how bid price (bid ticker) automatically keeps increasing by ten paise for every new bid. A bidding limit is automatically prefixed by software of the company which will be anywhere between 0 to 10% of the product's MRP. The bidder who ...
... hits the bidding limit first, will be the lucky winner of that bid. A bidder can place any number of bids on any product.
The bid ticker is not always 10 paise. It may vary from company to company and from product to product.
The concept of online bidding is newer in India. Not many people know about it. But it is very popular in Europe and USA. By the introduction of online bidding by bestpricebid.com, the concept is becoming popular in India also.
People in India are now finding this concept interesting and profitable too as it enables bidders to get items at a considerably lower price. Many people are now choosing bidding to win the costly products that they can't generally buy, but do dream about them. Bestpricebid not only gives a chance to bidders to win branded home products, cars and real estate, but also gives them a chance to earn money through network marketing by referring their friends and known to this site.
On Bestpricebid site, you can win branded laptops, LCDs, mobiles phones, iphones, ipads, cameras, ACs, dvd players, garments, cars, real estate and other hot products for a maximum of one tenth of MRP of the product.

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