Juubeo - A Unique Online Auction Platform
The products being auctioned through JUUBEO include those such as luxury cars by Ferrari, Mercedes, and BMW, Rolex watches, Apple products, dream vacations, and luxury homes. These items are offered for what is called a “dumping” price which equates to around 1% of their market value. The selling company pre-decides a target price and the winning bid will be the one closest to this amount. To date, examples of this unique new way to buy for less on JUUBEO has been various items such as a Mercedes being auctioned off at 100 Euros.
The JUUBEO cooperative members assume control of the company so that every member is a manager. In this regard, every member becomes an active agent in the management in order to have an influence in the future of how this online auction site is operated. For instance, in a recent decision made by the collective power, 3% dividends are now earned by all members. An additional program implemented is the “friends referring friends” program. This program allows each member the opportunity to open their own business through the cooperative through contacts made within their networks.
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