Reverse auction — ready-made website for market trading
Development of an internet page for online trading with price reduction resolved - Balkan BID reverse auction of the Balkan bazaar. Order or purchase a ready-made, professional website for conducting market trades.
Balkan BID
Ready System for Reverse Auction Trading on a Web Page
What is an online marketplace and how to organize a full-fledged trading market on the internet? Allowing users to upload products and set a price with a contact number is not a marketplace. A market implies bargaining. The Balkan BID reverse online auction fully supports price-lowering market trading.
Website Technical Specifications:
- CMS in any language.
- Online auction system.
- Flexible lot configuration conditions.
- Auction notification system.
- Map-based lot listing feature.
- Countdown timer to offer expiration.
- Bidder selection system.
- Category division: request and offer.
- Six language versions with the option to add more.
- 100% SEO optimization for auction platform.
- Admin-controlled auction moderation and editing.
- Mobile device adaptation.
- Modern programming languages.
- Structured data schema markup integration.
- Code validation for SEO importance.
- Premium web design.
Webpage Marketing Tools:
- Toggleable payment systems.
- Listing fees.
- Bidding fees.
- Top promotion fees.
- Category-specific commission fees.
- Participant deposit functionality.
- Internal participant chat.
- Multi-user content addition.
- Review and rating system.
Customer Support:
- Website feature introduction (video tutorial).
- Content management and redesign options.
- Website expansion and feature modification.
- Promotion via video ads, social media, etc.
Defining Traditional Marketplace Functions for an Internet Platform
Upon registering on Balkan BID reverse auction, users can either list items for auction or offer the lowest price for items listed by others. Just like a traditional marketplace, the lot owner can accept or decline any offer.
Examples of Reverse Auction Functionality
Let's explore how effective Balkan BID’s unique trading platform is. To fully grasp the advantages of internet market bargaining, consider two examples: from the perspective of a seller and a buyer.
Quick Sale Example:
Imagine you are a seller. You have a website and want to sell it for €4,000 but are willing to accept €3,500. On Balkan BID, you list it for €4,500 with a reverse bidding option.
- The first buyer offers €2,000.
- The second buyer, valuing the platform at €10,000, bids €2,500.
- A third buyer offers €3,000, but the second or fourth raises to €3,500. Goal achieved.
- Offers are recorded with a "Accept" button on the listing.
The essence of Balkan BID: sell to the highest bidder.
You choose who to sell to: the highest bidder, none, or someone you prefer.
Bargain Purchase Example on Balkan BID:
You need 100 grams of silver. You know it costs €90 on the London market, but want to pay €80. You post a request: “Buy 100g silver, max €100.”
- The first seller offers €100.
- The second offers €90.
- The third offers €70, seeing scrap silver at €60.
- All offers are logged with a "Accept" button.
For buyers: find a seller offering the lowest price.
Our experience with auction web development is rooted in FABER VISUM’s focus on art investments. Our Balkan real estate auction system is a highlight in Montenegro: Balkan Investments. We integrate our solutions into our platforms, forming a freelance-based order-offer section.
Technology & Design
Stylish design combined with reverse auction technologies makes our trading and auction web pages professional and appealing for business use.
Reverse Auction Business Applications:
- Customizable specialization (e.g., freelance portals, tenders).
- Offer-based configuration for traditional marketplaces.
- Payment paradigms consideration for requests and offers.
Balkan BID reverse auction development involved prompt engineering with ChatGPT, thanks to OpenAI for this tool.
The Key Attribute - Speed of Transactions
Today, buying anything is easy. The challenge is selling. And selling always comes down to price. The auction at balkanbid.com offers a unique opportunity to sell quickly by choosing from participant offers. Register and try it out!
An undeniable factor in quick transactions on Balkan BID is communication. Buyers no longer need to call sellers for a discount, and sellers don't have to decide on giving one — everything is automated, happening directly within the lot's listing.
Balkan BID is a truly Balkan trading solution! Negotiate and close deals!
How to Order a Reverse Auction Website?
We are open to various forms of cooperation: you can purchase a ready-made Balkan auction website package with or without server installation, request website development or content setup from scratch, or use the professional templates offered by FABER VISUM including reverse auction component integration.
- CEO, FABER VISUM
After payment, you have the following options:
- 1. We will send the distribution package "as is" with a database and instructions.
- 2. We will deploy the website on your chosen web hosting.
- 3. We will deploy the website on our web hosting.
Pre-order Ready Websites