How UBuy Lowest Bid Auction Works.


ONE:

Let us say seller puts up an item worth $100 on auction.

TWO:

Users pay what amount you set, say $1 for posting a bid. They can bid any amount like say $1.25, $2.56, $4.56 etc.

THREE:

After you get  100 bids, also set by seller,  you earn $100 (as each bid costs $1).

FOUR:

At this stage the auction closes and the person making lowest unique bid (e.g. say $1.25) gets the item for that price.

FIVE:

This way winner gets item worth $100 for a very small price.

SIX:

And you as seller can make a good profits based on the terms of Bid placing costs.

SEVEN:

This whole contact is a WIN-WIN situation for all.

EIGHT:

This concept of selling items like this has great entertainment value. So, users love it... VERY LOW PRICES + GREAT FUN

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