What is B2P?
Published on · MyBid
What is B2P?
B2P (Business-to-Platform / People) is a model where official companies, brands and stores provide their products to special competitive mechanisms such as auctions managed by a platform in order to reach end consumers.
Unlike traditional e-commerce, customers do not simply add a product to their cart and purchase it at a fixed price. Businesses provide products to the platform, while people compete according to the platform's rules.
💡 How Does B2P Work on MyBid.az?
Imagine a large electronics store or official distributor wants to sell a latest-model smartphone.
Business to Platform:
The store provides the smartphone to MyBid.az's online auction system as a lot.
Platform to People:
MyBid.az announces the auction rules, participation requirements and duration. Users submit bids.
Result:
The user with the final winning bid wins the product.
🌟 3 Main Benefits
Interactive Shopping:
Adds competition and excitement to shopping.
Maximum Savings:
Users have the opportunity to acquire expensive branded products at attractive prices.
Transparent System:
The process is managed transparently through MyBid.az's automated auction mechanisms.