— BIDORC launched today a reverse retail auction site, bidorc.com, where sellers compete for your business. Reverse auctions are used by large companies, and government, for sourcing suppliers. These companies use reverse auctions as a way to keep costs down. Bidorc.com lets consumers create auctions on products they want and retailers bid on these auctions by lowering the price. The service is free for buyers and sellers pay next to nothing.
Reverse auctions are a way of haggling online. Haggling is a common way of doing business in many countries around the world. Bidorc.com is an online way for consumers to haggle. It saves buyers time and effort since they don’t need to search several sites for the best deals on a particular product. Sellers no longer have to create auctions hoping that someone will bid on their products. Instead sellers are automatically notified via email of a request on their products and can bid automatically on auctions.
Due to the current economic conditions there is a growing trend amongst consumers to make their money go further by seeking out deals. Several websites dedicated to delivering these deals to consumers have experienced growth recently. Examples of these companies include Groupon, TeamBuy, RedFlagDeals, etc. These sites provide deals to customers either as sales, through coupons, or by aggregating consumer dollars to negotiate a better deal from the sellers. They are all based on the seller providing a discount and the consumer hunting for the deal they want. BIDORC has flipped the approach to finding deals by letting buyers make requests on products they want.
BIDORC is an Ottawa, ON based IT startup founded in March 2013 and it is owned and operated by John Hallam.