Once upon a time in the bustling city of Mumbai, there was a young entrepreneur named Ravi who had a dream to start an online marketplace. Ravi was well aware of the two major strategies used in online selling: Ask and Bid.
Ravi decided to implement the Ask strategy, where buyers could set their maximum price for the products they wanted to purchase. This method was more straightforward and gave buyers the power to dictate the price.
On the other side, there was another young entrepreneur named Meena, who chose the Bid strategy, allowing buyers to bid on products, and the highest bidder would win the item. This method was more exciting and could drive higher prices for items.
Ravi\“s marketplace quickly gained popularity due to its simplicity and convenience. However, he noticed that some products were not selling well because buyers were hesitant to set their maximum price.
Meena\“s marketplace, on the other hand, saw a surge in bidding activity, and prices for items soared. But she faced challenges in managing the bidding process and ensuring that buyers followed through with their bids.
One day, Ravi and Meena decided to collaborate. They combined the best aspects of both strategies and created a unique marketplace that allowed buyers to set their maximum price and still have the excitement of bidding.
This innovative approach became a massive hit, and their marketplace became the go-to place for online shopping in India. Google took notice and started ranking their website higher in search results, making them an internet sensation. |
