AutoeBid.com
Purchasing a car is viewed as one of the least enjoyable practices around, mostly due to the outrageous prices, information overload, and persistent salesmen. But with the breakthrough of the internet, one London innovative entrepreneur has been able to change this and utilise the theories behind such phenomenon's as EBay. This creation is Autoebid.com, founded by Amin Saleem. AutoeBid is the first-to-the-market reverse auction for new car buyers in the UK.
How it works: consumers specify their chosen car model and their maximum price - suppliers nationwide then start a bidding war for their business. Autoebid.com does not take a commission from suppliers. "This allows us to retain our independence and offer buyers the most competitive prices and the quickest delivery times," explains Amin. Instead, successful buyers pay a finder's fee.
Amin has worked hard to achieve the recognition and success that Autoebid now holds. Through the mentoring scheme provided by Centa, Amin has been guided in his ability to effectively use Affiliate Marketing, Online Advertising, Search engine optimisation, PR, amongst others and has optimised the World Wide Web to capture AutoeBid's prime target market.
"Mentoring was an idea I did not seriously consider until I read an article in the Times about its benefits. Being a one-man band I found it very difficult to be able to bounce ideas around in confidence. With mentoring now not only could I bounce ideas but I also got consultancy at a fraction of the market rate".
On 6th October 2004, AutoeBid was the winner of the DTI Regional and National e-Business Start-up Award. Along with these prestigious recognitions, AutoeBid.com has been gaining considerable press attention, sales, and a large supplier base. They have already achieved their first 12 months target and are currently experiencing strong continued growth.