1. Decenber, 6th

3. Freemarket.com is the 1st to make online reverses auctions.

4. Pricelines start a new arera of bids with « nametheirownprice » for travel ORA.

6. The buyer post a product request, and the sellers bids to have the client.S S S S B B Buyer: posting a productrequest Buyer: Compares the offers S S S S B S S S S Buyer: Buysat the lowestprice Sellers: Lower profit but fast sale Sellers: Bidding, and putting the price down

8. Priceline ask you for your credit card number

9. Priceline will see if it can say yes or no to your offer.

12. managingchange.com/dynamic/auctions.htm

13. artoftravel.com/04cheapflights.htm

14. articledashboard.com/Article/Reverse-Auctions---Tips-for-Successful-Bidding/954338

15. biddingfortravel.yuku.com/

17. The buyer saver money

18. The buyer is not the bidder but the sellers bids on the buyer product wanted

20. Be attentive towards the competition

21. Nothing to loose, just earn money