August 19, 2017

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Wigix Launches Online Auction Service

Wigix Launches Online Auction Service

Executives at eBay have a new headache today, thanks to new competition called Wigix, or the “Want it, Got it Exchange.” The new service, just launched into public beta, aims to simplify the process of listing and searching for online auction items. Sellers will be able to quickly place new items by relying on a database of descriptions, photos, and prices, rather than having to do their own legwork. Buyers will have access to “smart” searches as well as detailed specifications, reviews, and pricing information on a single page.
[Bloggers](http://venturebeat.com/2008/04/29/wigix-wants-to-kill-ebay/) clearly welcome the competition to eBay, hoping that Wigix will prove to be more user friendly. The service is also being lauded for its relatively low user fees. As Mark Hendrickson [notes](http://www.techcrunch.com/2008/04/29/wigix-brings-order-to-world-of-online-trading/), Wigix’s biggest challenge lies in convincing a public already sold on eBay to give something else a look.

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3 Comments

  1. sspl.ap06@gmail.com'
    James

    That’s a stretch. The company allows members to list their stuff (cars, electronics and ladies accessories are the most popular items so far), and see what other people might be willing to pay for it. For example, if I have a Nintendo Wii listed, I could set an “ask” price of $400 for it. If anyone meets that price then Wigix would automatically generate the transaction. If I merely listed my Wii I could see that others on the site are “bidding” $400 for them and set a price.
    James
    auto auctions

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