The lowest and unique bid is an innovative concept brought to you by Jeetle.in. In Jeetle the players have to place the Lowest & Unique Bid. It is India’s best & finest web site which bring to you cars, bikes, gold bricks, mobiles (Nokia, Samsung, Sony Ericson, I-phones, etc), i-pods, Laptops, Play Stations at down to earth price (like Rs. 0.02, Rs. 1.89, Rs. 5.68). This all process is dubbed as reserve auction.
The theory of Jeetle Reverse Auction is quite differing from regular auction. Reverse Auction is one Platform which allows the lay man to bid for dream products and achieve them for just a few pennies. As its name indicates, reverse auction is just the opposite of a normal auction. The strategy of winning is quite differing that the bidder is to keep the bid amount as low as possible in order to win. The most important factor to be considering that your bid is not just to be the lowest bid but it should be unique as well. Therefore, winning bid will be the one that is low as well as not matched by any other bid.
To elaborate more widely, mentioning the example which may help you at the time of auctioning.
Suppose Mr. X bids Rs. 6.04 on Volkswagen Vento , (Unique but not lowest)
Mr. Y bids Rs. 5.12 on same product (Not Unique),
Mr. Z bids Rs. 5.12 again on Volkswagen Vento (Not Unique) and
Mr. U bids Rs. 3.54 (Lowest and Unique).
Simply the winner is Mr. U because his bid is lowest as well as unique from rest of the bidders. To know more please visit to the Jeetle.in and become the member of the portal.
By visiting the site regularly you come across with many other exciting and interesting schemes and contests that may help you in keeping you in a winning mode.
