WINBIX Ensures More Profitable Sales of Goods Through Reverse Auction
Project Overview
The philosophy of WINBIX is actually as simple as the core essence of economic activities: to allow sellers to sell goods and gain profit as efficiently as possible and to allow buyers to buy goods with the most reasonable price. WINBIX thus helps both sellers and buyers get the best price for the goods they sell or buy.
How does WINBIX do that?
Although the system and methods used by WINBIX are well protected by copyrights, the mechanism is fairly simple to explain. WINBIX uses a reverse auction mechanism. The auction starts with the highest price for certain goods that is gradually lowered by bids. The price reduction stops when the goods are sold when a specified stop price is reached.
How is the stop price for the auctioned goods is determined? The system sophisticatedly determines the minimum price corridor depending on the seller’s determination of the price range. Once this corridor is established, the minimum price for each lot is determined randomly according to it.
The establishment of such a corridor and the determination of the minimum price will help sellers accurately achieve their targeted profit regardless of the stop price for each lot. This will also benefit the buyers because they can still enjoy the best price for the goods they want to buy.
Opportunities
For sellers, WINBIX gives them ample opportunities to enjoy extra profit through uniform sales distribution, fair price for all goods, adjustable sales volume through stop price range modification, prompt stock balance disposal through price reduction time adjustment, and easier demand forecast by constantly monitoring buyers’ feedbacks.
For buyers, WINBIX provides a sophisticated system that gives them a great opportunity to get the best goods with the best price.
WINBIX ensures a constant update of content because price changes constantly affect the traffic of resources.
Team
WINBIX project is backed by a team of eight members.
- Generalov Alexey (Co-Founder and CEO)
A former specialist in the Federal Treasury Department of the Russian Federation with 14 years of experience in the retail trading business - Krasnianskii Evgenii (CMO)
A programmer at AEM Technology with 8 years of experience in the marketing industry - Li Roman (Co-Founder and CVO)
A veteran entrepreneur and the founder of ITMOST with more than a decade of experience - Volkov Konstantin (Co-Founder and CTO)
A director at Interso for more than 17 years - Vinogradov Stanislav (CTO)
An experienced web developer with more than 17 years of experience - Dezhurko Mikhail
A seasoned full-stack web developer and an expert in Smart Contract development - Nikonova Olesya (Marketer)
A marketing manager with more than 11 years of experience - Morozova Olga (PR Specialist)
A specialist in design, editing, and public relation
Conclusion
Both sellers and buyers want to reach the best deal with the best price when they do a transaction with each other. WINBIX’s innovative reverse auction system makes it much easier to reach the most profitable deal for all parties. Through this channel, sellers’ requirements and those of buyers will be analyzed and determined so that the stop price is beneficial for both.
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