The second of three ways to do your online shopping on DubLi.com is through the new DubLi Unique Bid Auction portal. Providing a few more mainstream consumer items then the Xpress Reverse Auction, the DubLi Unique Bid Auction almost works the same way. There are a few differences that make this a more unique, fun and exciting shopping experience for customers and we’ll try to explain why below.

How Does DubLi Unique Bid Work?
In many ways, the DubLi Unique Bid online shopping option for customers is also based on the Reverse Auction model. However, instead of each bid decreasing the final price of the merchandise, DubLi.com Customers declare their lowest bid or bids for that specific item. As it explains on DubLi Unique Bid, the lowest UNIQUE bid will win the auction, regardless of how low or high it is. The key here is that only Unique Bid prices will count. Any duplicate DubLi Unique Bid price will be disregarded. As you can see, this style of online shopping is a bit more risky then the online shopping or Reverse Auction models. However, because of its uncertainty, it is also very fun, exciting and catchy as you can get some great deals by risking only a small amount of money. In order to place a DubLi Unique Bid, a customer only has to spend 1 DubLi Credit (which is equivalent of only 80 cents US). And if he or she selects the lowest unique bid out of all of them, they will receive the merchandise at the price that they have quoted (and usually most comfortable with). In addition, a single DubLi.com Customer can bid several times on a DubLi Unique Bid to diversify their chances of getting the lowest bid amount. The online interface is very intuitive, and it allows a customer to make a single unique bid or to simultaneously bid several times in one go. As with most other online reverse auctions, the DubLi Unique Bid experience has a countdown. There is a clock indicating how long the Reverse Auction will last for. Once it hits zero, the DubLi Unique Bid process is over, and the lowest bid will get the merchandise.

An Example of the Unique Bid Reverse Auction
Let’s go with a MasterCard Gift Card of $100 USD this time. The Reverse Auction on DubLi Unique Bid site will start off with a week or several days. Once online, any DubLi.com customer can start bidding. This is easily done through their user friendly interface as a customer can make a single DubLi Unique Bid, or opt for several bids at the same time. Remember that the customer uses 1 DubLi Credit per bid, which is only eighty cents. By specifying a dollar/cent amount, the bid will be recorded. So if you wanted to bid $$10 USD for the $100 MasterCard Gift Card, it will only cost you 80 cents to place your Unique Bid on DubLi.com. As the countdown ends, there may be a possibility that multiple people bid 1 cent (or $0.01), thereby negating this amount as the lowest Unique Bid. And let’s say that your bid of $10 USD is the lowest DubLi Unique Bid for the MasterCard Gift Card. Well, you struck a great deal as the entire process will cost you $10 USD for the Gift Card plus the $0.80 that you used to place the lowest DubLi Unique Bid. Not bad for $100 USD worth of a gift card that you can use to purchase anything anywhere that accepts MasterCard!

So What Can A Customer Buy on the DubLi Unique Bid Auction?
Just like the Reverse Auction, this part of the online shopping experience on DubLi.com is expanding very rapidly. The most sought after items in this Unique Bid experience are again the Gift Cards. We’ve seen Gift Cards from MasterCard and VISA between $25 USD and $500 USD, and there are been many times where customers have come away with either of these for absolutely FREE! Also, there are many electronics from LG, MAC, Apple, Asus, SONY, NIKON and other high end retailers online. There is definitely an electronics merchandise focus to the DubLi Unique Bid shopping site, but that is due to change as more products make their way to this growing Reverse Auction process of internet purchasing.

Does DubLi Make Money From Unique Bid Customers?
Of course! As a sound investment and business model, the DubLi Unique Bid Auction is again based on numbers. The more people who make single or multiple bids, the more money is raked in by DubLi.com. This is a bit more risky than the Reverse Auction model, as there really isn’t a guaranteed number of bids that will happen for specific items. However, there is also the definite possibility that a DubLi Customer will make multiple simultaneous bids throughout the countdown if they really want the product. The DubLi Unique Bid Auction will forever change the online shopping world for the better.