just four easy steps:
spendLO.com is an internet based platform that provides local consumers with the
opportunity to post the need for local products or services and the price in which
they are willing to pay. Local businesses are provided with the opportunity to bid,
at the consumer specified maximum bid price or under, in an effort to service the
project. Ultimately the consumer selects from the bids received based on the bid
price submitted and the businesses' reputation. In the end the consumer is able
to dictate the cost of products or services while helping to promote a strong local
economy by working with local businesses.
spendLO, LLC was created to provide local consumers, requiring day-to-day local
business products and services, with a consumer driven economic model to engage
said businesses. By giving the consumer the power to dictate the maximum bid price,
consumers are able to weed out vendors who are not serious about earning their business.
Derived from the basic crowd sourcing concept, providing consumers with bids from
multiple vendors, ultimately will result in the consumer receiving the most competitive
pricing for the product or service they require.
The current economic climate makes it difficult for businesses to strive and survive.
The spendLO, LLC reverse auction model provides local businesses with free leads
and a risk free method to grow their business. The reverse auction format saves
valuable time as businesses are now able to avoid "window shoppers" as the consumer
is specifying up front what they are willing to pay for a given product or service.
By feeding local vendors new business, spendLO, LLC is able to ensure that Eighty
Percent (80%) of each dollar spent on business services through spendLO.com is re-directed
back into local community development (American Independent Business Alliance) ultimately
assisting in stabilization of the U.S. economy.