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Guide to Online Auctions (5/8/2001)

Now with online auctions, you can find the best deal on the net and pay the price you want. If you want to get rid of some old junk in storage, or make some extra cash, selling online can be just as lucrative.

Episode #1834, First broadcast: of 5/8/2001

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AuctionWatch.com
AuctionWatch.com has developed an e-commerce platform that enables businesses of all sizes, both large and small, to benefit from dynamic pricing environments in addition to typical fixed price channels. AuctionWatch.com's services provide businesses with the tools necessary to efficiently distribute merchandise and acquire customers, while providing a convenient service for customers to locate and purchase these products. AuctionWatch.com's powerful suite of services is centered on three main areas: Seller Services, Buyer Services, and Fulfillment Solutions.

eSnipe.com
eSnipe serves one primary purpose for power buyers on eBay: it places bids for them during the last few seconds of the auction, a practice known as "sniping" in the online auction world. eSnipe reduces bidding wars by masking interest in auction items until the last possible moment. Because auctions on eBay take three to 10 days to close, emotional overbidding can start soon after the auction opens and last until the auction closes, instead of mere minutes as is the case in traditional offline or "outcry" auctions.

Strong Numbers
The Strong Numbers Blue Book provides instant fair market pricing information based on actual online transactions so consumers can determine what a product is worth before they buy or sell. The detailed Blue Book content is licensed to portals, e-commerce sites and auction sites, so their users can find specific products online instantly along with relevant product and pricing information.
Currently, Strong Numbers has more than 100 partners including Excite@Home, Ask Jeeves, Lycos, and Consumer Review, as well as Fortune 500 beta partners for Strong Numbers Marketview. The company employs 25 people at its headquarters in Boston, Massachusetts.

Yahoo!® Auctions
As the largest globally-branded online auction service, Yahoo!® Auctions operates in 16 countries and 11 languages, giving consumers access to the unique and antique through its ever-expanding world of collectables. Launched in September of 1998, Yahoo! Auctions offers a variety of items to choose from in categories including coins, autos and sports memorabilia, as well as extraordinary items found through unique charity, featured and merchant auctions. With the support of Yahoo!'s® global community of users and comprehensive tools, Yahoo!® Auctions' consumers can bid and sell with confidence as part of Yahoo!'s® unparalleled audience of 180 million consumers worldwide.