Start an online auction - For the development of Reverse auctions and Lowest unique bid wins auctioning systems

Our reverse auction development fee begins at $15,000.00 NZD. The final price will be different per client due to varying requirements.

1  Got a idea that requires the custom design and development of an online auction?
2  Looking for a reliable company to turn your idea into a real Reverse auction website?
3 Want a custom designed Reverse auction website? - We can help!

What is a reverse auction?
Reverse auctions are largely used for procurement. For example let's say your company regularly purchases stationary. Traditionally you may have used one stationary supplier. In a reverse auction situation you could place a listing for "X" amount of stationary to be supplied to your company per month. The Reverse auction website would send your listing to all Stationary suppliers accounts listed. The stationary suppliers would then compete by trying to achieve the lowest bid possible. That's right....the lowest bid not the highest and that's the key difference between a Reverse auction vs. Standard auction. Each bidder places a lower bid than the previous bid until the auction closes.

1  Each bidder places a lower bid than the previous bid until the auction closes.
2  It's where the lowest bid wins - not the highest bid.
3  Common in a procurement situtaion



What do I get?

• Manage users Manage auctions
• Set fees
• Customize categories
• Enable/Disable a wide array of features and settings
• Review accountancy
• Update the site content (about us, contact us pages etc)
• Manage users
• Enable/Disable a wide array of features and settings
• Make an offer
• Custom skin design with 2 theme revisions
• Enable both Private and Public auctions
• Enable discounts for top sellers
• Control the pricing structure of commissions and listing fees

What If I require custom functions not included?
You invent it, we develop it. If someone else has got it, we can more than like create a customer version for you. The package starts here, custom build can be added on and are priced per application. To request custom modules please contact us by clicking here. 

What are the benefits of an online auction?
Let's take the almighty Trademe as our example. Trademe benefit form the commissions earn and sales made from consumers like you and I listing on there site. The consumer on the other hand "us" benefits from the possibility of getting a true bargain. Other more generic benefits include:

1 An excellent avenue for test pricing of new products.
2 Useful in clearing excess inventory & used machinery in a cost effective manner.
3 Enables savings on distributor margins.


Benefits of Online Auctions to Buyers

• Enhances reach leading to cost effective procurement.
• An avenue to locate critical requirements that are otherwise not easily available.

Applicability of Online Auctions

• Low value, low volume goods.
• Liquidating excess inventory, used or end of line goods.
• Complementing existing channels for goods and services.
• Capital Goods sales.

Benefits of Online Reverse Auctions to Vendors

• Ensures Savings in marketing costs / distributor margins.
• Allows vendors to access hitherto inaccessible buyers.
• Facilitates flexibility in pricing decision.

Benefits of Online Reverse Auction to Buyers

• Helps achieve significant reductions in procurement costs on account of Dynamic Bidding.
• Access to a large number of vendors.
• Dynamic bidding process.
• A tool for efficient price discovery complementing the direct Negotiation process.

Applicability of Online Reverse Auctions

• High value, large volume goods
• Capital goods.
• Direct Materials / MRO items.
• Periodical rate contracts.