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What is Dili Leo?
Dili Leo is a new and exciting type of reverse auction that utilises the concept of 'lowest unique bid' to determine the successful bidder, now offered to the Tanzanian market; whereby bidders can buy a range of consumer goods at discounts of 90% or more on the recommended retail price.
What is a lowest unique bid auction?
Bidding is a process through which a product is sold by auction in the presence of multiple buyers. A bid is simply a fixed offer at a specific price. In a traditional auction, the person making the highest bid generally becomes the successful bidder. However, unlike traditional auctions, the concept of reverse bidding is somewhat different. The key difference with this style of reverse bidding is that the successful bid must be both unique and the lowest bid price.
How do I bid?
Bidding with Dili Leo couldn’t be easier. You can place your bids directly on our website by selecting the auction, entering your desired bid amount, and submitting your phone number. You will receive an instant Mobile Money prompt (e.g., M-Pesa / Tigo Pesa) on your phone to enter your PIN and pay the small fixed entry fee. You can also place bids manually via mobile money by following the instructions provided on each auction item. Bidders have the opportunity to place multiple bids to maximise their likelihood of being the successful bidder.
What does it mean if my bid is currently unique?
This means that at the time of entry, no other bidder has selected to bid the same amount that you have selected. It does not mean that you are guaranteed to be the successful bidder, but indicates that you could be the lowest unique bidder at the close of the auction. If, before the auction closes, another bidder enters the exact same bid amount, your bid will no longer be unique.
What happens after I place my bid?
You’ll receive updates from us confirming whether or not your bid is unique. If your bid is the lowest and unique, and then another bidder places a bid at the same price, you’ll be advised that your bid is no longer unique, giving you an opportunity to choose another potentially lowest unique bid price. All communications are typically done via SMS. If you are the successful bidder at the conclusion of the auction, you’ll receive a confirmation and further instructions.
How long does an auction take to close?
Most auctions have a fixed time limit. Full details of the duration of the auction will be displayed visually via countdown timers on our Live Auctions page.
How do I receive my item if I am the successful bidder?
If you are the successful bidder, you’ll receive a confirmation text and a call from us soon after to verify your identity. We will arrange a shipping service nationwide to your nearest post office or delivery hub. In the case of larger items, you may be required to collect the item, but full details and assistance will be provided by our customer care team.
How many times can I place bids in a day?
You can bid as many times as you choose in a day. However, we advise all our bidders to bid responsibly.