20,000 Products On B2B Reverse Auction Creator: Inner Esteem Inc.

Worldwide e-commerce is expected to grow from US$170 billion in 1999 to over US$3 trillion in 2003¹. The realization of this opportunity has led many of the world’s most strategically-minded companies to explore the immense potential of B2B e-commerce, which is projected to account for over 90% of total e-commerce by 2003². Forward-looking companies, both large and small, preparing to meet the heightened competition of an increasingly globalized economy need to enhance existing business practices by boosting their online efficiency. Business-To-Business Reverse Auction Creator creates a vibrant environment for suppliers and corporate purchasers to embrace the new and efficient way of Internet business.

Easy to maintain the auction system from web browser
User Friendly auction interface for buyer & sellers
Fast auction system setup without messy programming
Efficient way of selling services & surplus products
Hosted on your own website

¹ E-commerce revenue projections from Forrester Research
² B2B e-commerce percentage projections from Ernst & Young

The Web Tool For Internet Business Success

Business-To-Business Reverse Auction Creator is a web-based reverse auction system and e-commerce tool that will allow website owners or Internet entrepreneurs to build a business-to-business (B2B) Reverse auction community site for suppliers, freelancers, service providers and corporate purchasers to conduct corporate-level trading activities directly over their web browsers. Only registered members will be allowed to buy and sell in this B2B reverse auction system.

The ‘reverse’ auction works within the same structure of auction postings, bids and ratings.However, instead of the supplier posting a product to sell, the buyer posts a request and a suggested price for sought goods and services.The request can be item, project or service, such as a rare poster, programming project to do, or graphic design service. Suppliers, retailers, freelancers, or service providers who can provide the goods or service then ‘reverse’ bid against each other to secure the sale.The bidder who can offer the buyer the requested products or services at the lowest, most cost effective price wins the bid.

Our ‘reverse’ bid creates a more vibrant and dynamic auction environment, catering to buyers as well as suppliers, freelancers and service providers.A high quality of business and trading is ensured through feedback forms and rating systems accessible to all participants.

In this type of request-for-bid (RFB) auctions, Auction Administrator offers extensive support to help secure the success of reverse auction.However, should the initial auction fail to garner desired bids, the supplier or buyer has the option to re-post the products or services for another auction.

Program Features:

Auction User Is -

Able to feature requested items, projects and services

Able to display requested auction items at home and category pages

Able to view, bid or post requests for bid (RFB) in 20 main categories

Able to request for bid in 188 sub-categories

Able to bid on Today’s new auctions, featured auctions, and RFB that are going to end soon

Able to search for completed, current or all reverse auctions and RFB

Able to search requests placed by registered buyers or requesters

Able to list requests-for-bid in lot and pack

Able to request for item, service or project to be done

Able to rate past trading experiences with sellers and buyers

Able to view rating number, rating symbol, and past rating history of sellers and buyers

Able to view requested item descriptions and pictures before bid

Able to read bidding information, such as auction ID, current bid price, bid increment, number of bid and minimum bid

Able to bid at minimum bid price

Able to add comments about the bid, such as the freelancer or service provider’s ability to fulfill the request and other special specifications

Able to see who is Current Lowest Bidder and his rating number

Able to view bidding history and view comments of all bidders

Able to protect bid price before auction closed

Able to receive emails regarding bidding and selling activities, as well as registration information (mailing service customizable)

Able to indicate the item physical location (city and state) to allow bidder to estimate the delivery time and shipping fees

Able to indicate auction payment type such as Cashier Check, Personal Check, Visa or Master Card

Able to indicate shipping method to home or foreign country

Able to read user agreement before bidding so that to obey the customizable auction rules

Able to register as user right a way before bidding if this is a new user

Able to go to Bidder Service to view current bidding activities

Able to go to Seller Service to view current and past selling activities

Able to re-submit completed auctions in Seller Service

Able to contact Auction Support Team via email

Auction Administrator Is -

Able to login to administration website with admin name and password

Able to monitor all current and completed auctions

Able to delete auctions and remove registered users

Able to close completed auction anytime

Able to add, delete and modify categories and sub-categories

Able to remove deleted items or services completely from database

Able to change current admin name and password

Able to change the home page’s company or auction banner by adding banner web address

Able to edit the company name that will be displayed in the auction web pages

Able to edit the Customer Service email address for auction user contact purpose

Able to customize all auction system codes to meet any specific needs

Able to edit the existing auction pages and add user online manual to the Customer Support page

Able to install the auction system to local computer for testing purpose

Able to move the auction system to subfolder, only if the database file is located in web server’s root directory

Able to upgrade the system and run in Microsoft SQL database server

Able to edit the database file directly to update user and auction information

Able to customize and edit the look and feel of the auction site

Able to add company graphics and layout to the existing auction site

Able to configure the email service with the built-in codes and by following the activation instructions (email service is disabled by default, and can be enabled as well)

Able to send email automatically to new registered users, sellers who place a bid, buyers who post a new requested item or service (by activating the email service, as recommended)

Able to modify the existing user agreement and add applicable auction rules

Able to edit the ‘About Us’ and ‘Contact Us’ auction page for better customer relationship

Able to determine the user’s login session period before it expired

Included 5-Step Program Wizard to create the Web System easily!

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