Las Vegas, NV (PRWEB) July 15, 2009
It's a pink slip! It's a foreclosure! No, it's a government bailout! Who will answer the call of saving humanity from the global recession? College students with a fresh outlook on ecommerce tie on their capes and pull up their tights as they harness the power of the Dutch auction with Pricefalls.com.
Hurling the concept of MSRP to the wayside, Pricefalls creates a dynamic platform where hundreds of thousands of products consistently decrease in cost. An item is initially listed at a "price ceiling", the amount the seller hopes to receive for it. The product then progressively falls until it reaches its "price floor", the lowest figure the seller would accept. Throughout this period (the length is determined by the seller), buyers can purchase the item at its current offering and are even given the unique opportunity to bid what they deem to be a reasonable value for the product. When it reaches that amount, the item is theirs.
Reasonably speaking, there is a drawback to this model. According to Chad Casey, Director of Marketing and Design, "A less frugal consumer can snatch an item away from the bargain-conscious shopper before the price drops to what they were willing to spend. However, this is a fair trade in comparison to numerous eBay misadventures in which items are sniped within the final seconds." The Pricefalls.com environment maximizes the amount of sales for the merchant and keeps the item prices equitable.
Although extremely user-friendly for the individual, Pricefalls.com really shines in its ability for companies to liquidate merchandise that have been collecting dust. Within recent years, the Internet has emphatically become the preferred method for consumers to locate precisely what they yearn for. From collectibles to fashion trends, home essentials to luxury goods, the Web effortlessly steers consumers in the direction of the desirable. Pricefalls takes note of this fact and has designed their platform in a manner in which small businesses have the ability to reach a broader audience. Unlike its competitors, listing products on Pricefalls is free and you are only assessed a small fee upon successful completion of a sale.
Additionally, merchants wishing to open a storefront that link all of their items together can do so for a reasonable rate. Pricefalls.com even offers the incentive of up to 10% off of their cut on each sold item for members who register for these corporate accounts.
With its simple navigation, thorough search tools, and seemingly endless array of products, Pricefalls provides an new innovative service that is refreshing amongst the backdrop of recent economic pitfalls. By creating an avenue for individuals and businesses alike to buy and sell goods for a price that appeases both parties, http://www.pricefalls.com is doing its part as a vigilante against unfair bidding wars and inflated market values.
Joshua Patterson, Public Relations Manager