You must have heard or even tried Auction sites where we bid for products and the highest bidder wins , the one live example of this is Ebay but today in this post I will talk about another concept which is called reverse auction. In reverse auction , items available on auction will be sold to the Bidder who submits the Lowest Unique Bid.The one site which is making this concept live is Jeetle.in .On Jeetle, a member can place number of bids on a product and the bidder having the lowest unique bid will be awarded the product. It is revolutionary concept where all you need to do is place a bid which is unique as well as lowest and you could win products like Nokia N97, Sony Cybershot, Lenovo Netbook, LCD, LED, Plasma, Panasonic, LG at unbelievable prices.
How could they give products at such low prices:
Most of you must be wondering how could they give products at such a low prices mostly under Rs.10. So here is the answer, Jeetle works on the principle of bidding fee auction also called a penny auction, in which participants must pay a non-refundable fee to place a bid. When time expires, the last participant to have placed a unique and lowest bid wins the item. On Jeetle , you need to buy points to make a Bid, usually bid cost varies from Rs.3 to Rs.5 per Bid.
Whether Jeetle.in is a fraud or not?
If you just type Jeetle in Google you would find tons of complaints about Jeetle being a fraud company. Top review sites like Mouthshut.com is also have lots of negative reviews but Jeetle representative are doing everything to make these claims false. They have even put up a section on their website giving details of different winners along with Proof of delivery of products.
Try yourself and Win products:
It is really difficult to find out who is saying the truth because in a game like reverse auction where thousands of people are competing against each other, it is really difficult to find out whether this website is fake or not. The only way is to try by yourself. The good thing is that you don't even have to pay anything to try this site because currently Jeetle is offering 500 points on registration to every new users. So if you have never tried any reverse auction site and wondering whether I could win anything from a website like this , this is a perfect time to try .
How to get free points for Bidding on Jeetle:
Jeetle is offering all its facebook fans a promotional coupon which gives 500 points .To get this coupon you need to Like their facebook Fan page but if you don't have facebook account. Just use the Coupon code o928t and you are good to go.To get free Bid points, follow these easy steps: