3.4.1 What Are Bids (Data Requests) on Data Boutique?

Updated by Andrea Squatrito

What Are Bids (Data Requests) on Data Boutique?

Bids, or Data Requests, are custom requests placed by buyers seeking data that may not be available in the current catalog or does not meet specific requirements. Buyers submit bids when a website, geography, or schema they need isn’t listed, or when an existing dataset doesn’t match their desired price, refresh policy, or history depth.

Bids are visible to all sellers, allowing multiple sellers to respond and potentially fulfill the buyer’s request.

How Bids Work

  1. Creating a Bid: Buyers create a bid to request a specific dataset, specifying the following:
    • Website: The target website for data extraction.
    • Geography: The localization of the website content.
    • Schema: The data structure or fields required in the dataset.
    • Additional Annotations: Buyers can include specific notes or custom requirements (within the schema’s boundaries) to refine the data request.
  2. Types of Bids: Bids can be placed with different purchasing conditions depending on the buyer’s readiness:
    • Automatic Purchase (AP) Active: If AP is active, the first seller to fulfill the bid requirements and activate a contract will automatically secure the purchase. This ensures the buyer obtains the data as soon as it’s available.
    • Manual Purchase: When AP is not active, the buyer must confirm the purchase manually. This provides more flexibility for the buyer but means the seller must wait for confirmation before proceeding with the sale. Sellers should note that there is a possibility the buyer may choose not to purchase if AP is inactive.
  3. Delivery Assurance Deposit (DAD): For situations where buyers may not be immediately ready to purchase, Data Boutique offers the Delivery Assurance Deposit (DAD) as a way to show commitment to the bid. Here’s how it works:
    • Commitment to Buy: DAD is a deposit set by the buyer, deducted from the final purchase price when the buyer decides to complete the transaction.
    • Non-Refundable: If a seller is available and ready to deliver the requested dataset, the DAD is non-refundable, meaning buyers cannot retract the deposit if they choose not to purchase.
    • Seller Assurance: DAD provides sellers with some compensation in case the buyer is not ready to complete the purchase immediately, ensuring that the bid is a serious inquiry.

Benefits of Bids

Bids offer a flexible way for buyers to source specific datasets, even if they are not immediately available in the catalog. Sellers can see these bids, assess demand, and respond with custom data offers to meet specific buyer requirements.

Bids are especially useful when:

  • A desired dataset is not yet listed in the catalog.
  • The existing listing doesn’t meet the buyer’s specific price, refresh, or history requirements.
  • Buyers in B2B settings need a preliminary quote before making a commitment.

In Summary

Bids (Data Requests) on Data Boutique allow buyers to specify custom data needs when catalog listings don’t fully meet their requirements. Sellers can respond with offers tailored to these bids, giving both parties flexibility and opportunity within the marketplace. The Delivery Assurance Deposit (DAD) feature reinforces commitment by deducting the deposit from the final price if the buyer proceeds, while remaining non-refundable when a seller is ready to deliver, ensuring reliability in bid engagements.

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