QuiBids.pk

Abstract

With the evolution of internet in our lives a large number of business models to work online and extend business around the globe has been introduced. These business models succeeded quiet enormously. Internet is the medium between scattered buyers and sellers to interact effortlessly. In recent years, the rapid increase of the internet utilization has prompted an expansion in the number of public auctions on the internet. Online auctions have become a common approach to be used in e-commerce. Quibid is an evolutionary business model to provide a unique framework for online auction system. This business model achieves a tremendous success in USA and Canada as “penny auction system” enabling people to buy products at lower prices. This project is based as online real time auction system that introduce Quibid provided business framework across Pakistan. The purpose of this project is to introducing a new online business model that gives us the liberty to provide the great deals to our customer and also enables us to generate the revenue. This project will be developed as a web-based application. We tend to develop our application using the latest tools and technologies for better results.