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The online auction industry has many different forms of auction available for you to participate in. In this article we will discuss some basic strategies for DubLi’s Zero reverse auction. In addition we will explain what a Zero reverse auction is, and how the auction concludes.

The first topic to discuss is how the auction works, and then we will get into the strategy to help you make an informed decision. The Zero auction is a simple concept to grasp. What you have is a seller who is DubLi, and buyers from all over the Internet who compete in the auction. The auction will start off where several items are posted revealing the starting price, and a description about the item. Similar to a traditional auction buyers compete to purchase the item that is up for auction, however rather than the buyers competing to drive the price up to identify a winning bidder; in the Zero reverse auction the buyers will bid down the price until the price goes to zero to reveal a winning bidder.

Once a bidder finds an item they are interested in, the way you reveal the current trading price is to spend a DubLi credit which cost eighty cents. After you click the show price button the price of the item will drop by twenty five cents, and the new price will be displayed. So what you have are bidders competing to bid the price down in increments of twenty five cents until the price drops to zero. It is at this time the auction will end, and the winning bidder is awarded.

A quick recap: The winning bidder who reveals the final price dropping the last twenty five cents to zero will be awarded the winner.

Lets discuss strategy - as with any auction having a game plan, and a price you are willing to pay will go a long way towards your success. Collecting some basic information before you start the bidding process is easy, and should be part of your game plan. Here is a strategy that might be of use to you.

• Know the starting price, and the description of the item you are interested in.
• Take a moment, and look at the completed auction section - as all completed auctions are listed on the web site. Look to see if the item was in a previous auction, and make of note of the starting time, and ending time as a guide to go by.
• Pay attention to the start time of the auction before you place your bid, and make a note of the time you place your bid.
• As stated previously know what you are willing to pay for the item before you start. I recommend a range between 10 to 20% of the retail starting price in DubLi credits. Knowing this will give you an indication as to how many bids you will be able to place, and when to place those bids.
• Once you have used a credit to reveal the current trading price, make notes as to what the current price is, and how long the auction has been running. This will give you an indication as to when to place your next bid.
• Once you have revealed the price, and the price is with in your targeted price range to spend in Dubli credits then you simply bid continuously until you drop the price of the item to zero.

The strategy discussed is just one of many that bidders use to participate in the Zero auction from DubLi. It should be noted you are bidding at your own risk as there are no guarantees that this strategy will always deliver. The strategy discussed is simply a suggestion, or a guide for your information.