Auction Forms
WTE offers a package and N-Way trade auction facility by the use of Auction Lisiting and Auction Bid forms.
The auction site is:
http://groups.yahoo.com/group/tCasheFree
It is open only to members but you may join tCashe Free at no charge. Present WTE members may be entered for a tCasheFree account ,at no charge, on request as well.
A Scenario
Think of yourself standing in the auction hall and the auctioneer gets up to the podium with several items and announces these items will be bid on as a package.
The bidding process is not just for money however. You may bid your own group of objects on it as well as tCashe credits.
He has a refrigerator, a sofa and a TV set and a coupon for a Carribbean cruise for two. He lists them all on a board and opens for bids. [This is the Auction Listing Form]
You look at that and say, wow, that is just what I want. I have a pickup truck, 100 tCashe credits a lawnmower and I can do carpet cleaning jobs to finish this bid. So you list the items in a bid and he puts it up on the board. [This is the Auction Bid Form, bid on the Refrigerator, TV, etc].
The starting auctioneer says, well, I don't need a pickup, however, I could use more tCashe credits for our Anniversary catering when the time comes and I can use new carpet in our house. So we wait.
Then a third person comes along and says, I could use the pickup and I have a bunch of credits, how about 1500 credits for the pickup and the lawnmower and you keep the 100 credits? [This is a second Auction Bid Form, bid on the pickup]
OK, deal. But how does this work?
It is a round robin fun deal. You get the refrigerator, sofa, TV and cruise. The auctioneer gets the 1500 credits. (which he will spend on the catering and carpet) and the third party gets the pickup, lawnmower and a carpet cleaning job. A takes what C has offered. C takes what B has offered. B takes what A has offered.
In a real sense everyone is ahead by about 1500 in cash flow. All in one simple job. It is necessary we track this, know who everyone is and be sure it is clear to all before completion. It is a bit of effort but think of the effort it takes to earn 1500 cash too.
Once members get to know one another and do some small deals, such larger things become possible. A little cooperation goes a long way.
So the Auction Listing Form is:
Before doing a bid, we suggest you print the copy of the existing auction to see what is being bid upon.
The Bidding Form is:
