Pricing reimagined to maximize profits using new patented utilities

What is Bid1 Network?

Our goal is to fundamentally change how sellers and buyers engage in commerce by introducing a new marketplace that equally benefits sellers and buyers.

Bid1 Network is a new marketplace under development that leverages patent pending processes to enable organic real-time e-commerce sales transactions between plurality of buyers with one or more seller. This is accomplished through a bilateral bid auction process that provides maximum benefit to sellers and buyers - whereas buyers collectively bargain for lower price and sellers have visibility to optimum real-time, demand-to-price ratio to improve profits.

PATENT PENDING:

Pub. No.: WO/2019/157349
International Application No.: PCT/US2019/017305

How Bid1 Network is Fundamentally Different

Each product is established as its own entity on the marketplace and is not owned by any particular seller

One or more sellers can subscribe to procure the product as part of the Bid1 Network auction process

Unlike traditional bid auctions on e-commerce, with Bid1 Network, buyers work together to collectively bargain for a lower price vs. compete against each other for each bid

Sellers bid on the block of buyer’s bids (e.g. bid block) that yield the maximum profit calculated by the quantity of bids by the lowest bid price in their bid block minus cost of goods sold for said quantity based on available supply the seller can commit to in the transaction

Sellers may compete for the pool of buyer's bids which can drive the price down each buyer pays

The price each winning buyer pays is equal to the lowest price in the winning seller's bid block

Bid1 Network creates an environment that organically sets the market price based on real-time demand established by bids from plurality of buyers and the maximum profit the seller can collect based on available supply

Benefits for Buyers

Bid1 Network gives consumers the ability to take control and work collectively to efficiently determine the most suitable price for a product targeted to the current market conditions

No surprises! Your negotiated price includes standard shipping and taxes

Crowd share pricing – leverage purchase power of other interested buyers to drive price down in real-time

Set bid duration to suit your schedule and buying needs

Ability to cancel or modify an active bid (e.g. change duration or price) outside an active bid session

All buyers purchase the product at the lowest price in the seller's bid block meaning most buyers will pay less than they bid (e.g. savings)

All sellers are required to follow Bid1 service level standards (including shipping, returns, service and support) as part of the bid terms and conditions

Access to historical bid metrics for the product to aid in bid decision

Ability to make more informed buying decisions without the pressure to buy now based on limited time sale prices (avoid buyer's regret)

Benefits for Sellers

Sellers have access to real time demand with visibility to the price buyers are willing to pay at any moment in time

Remove guess work from setting optimum price in the current market place so as to maximize profits

Keep up with demand and pricing trends to remain competitive

Self-serve analytics to easily identify the optimum quantity and price to yield the highest profits possible based on the seller's inventory, COGS and other factors

Eliminate overhead and costs related to advertising sales and clearances

Risk Free Commerce

Bid1 Network offers a risk free environment for sellers and buyers to engage in commerce

Buyers pay no more than the price they offer if their bid is accepted

Buyers set the duration for their bid and can cancel their bid outside an active bid session