Make money online is the most
common buzzword in the Internet Marketing World. There are
literally dozens of online business opportunities around the
world that pop up everyday. Many are legitimate and others are
not. The exciting aspect of the medium of online business
opportunities is this; anyone and everyone has an opportunity to
do something they've never done before and succeed.
The question usually is, "Where do
I start?". The easiest way to gather information is to run a
search engine with the keywords that apply to your interests
such as "online business opportunities, internet marketing
opportunities, online health product opportunities, making money
online, etc..."
One such online business
opportunity that has popped up recently is the Smart Auction
concept that has been sweeping Europe over the last year. One
such company created a business model of a reverse auction where
consumers can enter any auction for the cost of a credit. This
credit is purchased for less than a dollar and enables one to
see the current price of the item in the auction.
The items that are listed are
brand new, brand name only items, the most recognizable brand
names in the world. These items list all their features and
specs (which most consumers already know due to manufacturer
branding and advertising) but do not list the current price.
Here's where the model gets interesting and anyone can make
money online.
Unlike eBay the products aren't
hand me downs from someone's garage or basement but are brand new
with full manufacturers warranties, etc... Secondly the price of
the item in the auction starts at the full retail price and
drops with every viewing of the current price. This one auction
isn't a bidding auction but a viewing auction. By purchasing a
credit and viewing the current price of an item the price drops
25 to 30 cents US. The more people that view the item price the
more and faster it drops.
Eventually the item is at a
price that is appealing enough for someone to buy it. So for the
price of a few credits one has the opportunity to purchase a
brand new brand name item for pennies on the dollar.
Another auction actually
rewards a winner with the auction item in question for free just
because it was their credit that drove the continuously
declining price to zero. What an amazing idea for an online
business opportunity as well as a consumer opportunity.
Someone once said, "If you can
build a better mousetrap the world will beat a path to your
doorstep". I believe someone built that mousetrap so watch out
for it!
