Wigix wants to be the next eBay, offers no-fee auctions to do it
In case you hadn't noticed, there's been a bit of a revolt among eBay power sellers. Basically, eBay increased some fees, which led some buyers to hold a boycott. But the truth of the matter is eBay is a giant, and if you make a decent portion of your income buying and selling goods on eBay, there aren't a ton of good alternatives. Wigix wants to change that, and the site is willing to waive fees on all items sold for less than $25 to do it. For pricier items, WIgix has significantly lower transaction fees than you'll find on eBay.
Wigix isn't exactly an auction like eBay. Rather, it's an "exchange," which lets buyers and sellers connect with one another. Sellers don't have to fill out product descriptions manually. Instead they choose from a database of products which already have product descriptions. This database also makes the search process easy for buyers. When you start to enter a term in the search box, Wigix will provide a list of items to chose from before you even hit enter. When you find the item you're looking for, you can see how many buyers and sellers there are, and you can set a price at which you're wiling to buy an item. As soon as the item is available for that price, Wigix will hook you up with a seller.You can conduct similar transactions with eBay's Half.com, which lets you "pre-order" an item which will automatically be purchased as soon as someone offers one for sale at your desired price. But Half.com only includes books, movies, music, and video games, while Wigix users can sell pretty much anything.