Of all time kaput to eBay in search of something — an iPod, state — and had got to ransack through an interminable regalia of half-literate, perplexing and mayhap inaccurate listings?
Or possibly you’re a seller on eBay, and furious at its insurances
Either mode, Wigix, the “Want it, acquired it Xchange,” hopes you’re stung enough to exchange. The company, that launches today, proffers an line market place sculptural on stock exchanges, trained at reduction inefficiences.
When an point is named on Wigix, the seller gained’t need to go through the labor of depicting it and placard icon. Alternatively, they encounter the point in Wigix’s database, select it, and select a price, with an optic to the average price.
Emptors, similarly, need only chance the point they’re appearing for through an individual hunting on Wigix. One time they’re on the Sir Frederick Handley Page for that point, they can understand last prices it dealt at, how a lot of vendees and Sellers there are, verbal descriptions, reviews and more. If they want to purchase it, they lay in a command price; when a seller runs into the price, the dealing will be got.
The merchandise pages are to be vetted by “class experts” who will use up a lilliputian per centum of gross revenue for their attempts, while gross sales fees have a set rate: Zero fees for items under USD 25, a fee of USD 1.50 each for the emptor and seller for items up to USD 100, a 2 percent fee to the seller for USD 100 - USD 1,000, and a one percent fee for every bucks all over USD 1,000. Those prices are calculatedly lots toned than eBay’s seller fees, and there is no list fee at all, nor do listings run out.
As you purchase items they’ll be mechanically named on your “portfolio”, or you can manually append those you already own. You’ll be capable to realize your portfolio change in price all over time, simply like a stock portfolio, and can select to trade items anytime, or have presentments of sudden price shifts (in instance your grubby older brace of Converse of a sudden get furor appeal).
The two founders that I runed into, former Charles IX Schwab dealers James Chong and Bob Spike Lee, have lotted of extra thoughts for how to monetise and run the land site — more than I can accommodate here. What’s mayhap more interesting is an anecdote they held to go across on about Tim Draper of Draper Fisherman Jurvetson, that has USD 5.34 000 000 placed in the company.
Piece I’d fictitious a 000 000 eBay competitors must have been set up all over the months, Lee emphasised their initial pitch to DFJ for financial support instantly acquired the attending of Draper, who stated that extinct of the lots of one thousands of deliveries he’d standard all over the months, only three had got been for competitors to eBay. Along with the investing, he united the plank of the company.
When I well for myself to consider of eBay competitors the only that now came up to take care was Etsy, that has made a successful market place for alone, crafted items, lots of of that would have otherwise all over up on eBay. In a sense, what Wigix wants to do — get the market place for standard, produced items — covers the former half of that equivalence. And yes, eBay vexs me enough to switch over.
Wigix is established in San Francisco, and was established in March 2007.
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