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![]() | The Process | Demo | Membership Agreement | Testimonials |
Follow the 8 simple steps below to begin your experience...
Buyer |
Process |
Seller |
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Step 1 |
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You define and submit a Request for Quote (RFQ) |
A Request-for-Quote (RFQ) is defined, submitted and a reverse-auction date is scheduled. |
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Step 2 |
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Automatic email notification is sent to all qualified seller members and new sellers identified who sell within that product category |
You review the email notice and determine if it's an opportunity you would like to bid on |
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Step 3 |
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You respond to email notifications when questions are posted on a Reverse-Auction |
If there are RFQ questions, they are displayed with the answers on the Reverse-Auction's View & Ask Questions screen |
You view the RFQ's, post questions you may have, review the answers, and place your bid |
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Step 4 |
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You can monitor the activity |
The Reverse-Auction is held until the scheduled end-time |
You can monitor the activity and submit lower bids until the time has ended |
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Step 5 |
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You receive the seller's contact information and can contact sellers for your final qualification |
If the buyer's sincerity price is met, a notification email is sent to the buyer with seller's contact information |
You may receive buyers' information "if" released by buyer, otherwise, you must wait to be contacted by the buyer |
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Step 6 |
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You select the winning bid |
A seller is selected through Sorcity.com |
You, as the selected seller, receive buyers' information from Sorcity.com |
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Step 7 |
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You confirm the selected seller through Sorcity.com |
Confirmation of the sale is received and Sorcity.com sales fees due are charged to the seller. |
You, as the selected seller, are sent an email validation with the buyers' information from Sorcity.com, and are charged sales fees |
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Step 8 |
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You work directly with seller |
seller and Buyer exchange product and settlement independent of Sorcity.com |
You work directly with buyer |