Welcome to WaZooie where everyone,
from Buyers to Sellers can save money!
Buyer Benefits:
1. It's FREE to join WaZooie! If you are new to WaZooie and wish to
be included in all the new and upcoming features, simply
click
here and complete the short Registration process.
2. Low Prices - Because WaZooie chooses to offer FREE Auction Listings,
and extremely low Closing Fees to our Sellers, the savings can be past
on to you! Sellers can start their listings off at a low price, and
still be able to enjoy a profit!
3. Personalized Service - Get to know the Sellers. WaZooie's goal is
to create a family like setting for both Buyers and Sellers. Feel free
to contact a Seller and ask questions. Enjoy asking questions in the
Forum and receiving replies from other Buyers and WaZooie Sellers.
Seller Benefits:
1. Different Ways To Sell - We offer a variety of ways to sell
your Items:
Standard
Auctions
A Standard Auction
is one in which bidding raises the price incrementally. Standard
auctions can have a Reserve
Price, and use Proxy
Bidding.
The winner of a Standard Auction is the person with the highest
bid at the end of the auction. The auction is considered successful
if the Reserve Price has been met. If the Reserve Price was
not met, the auction is considered unsuccessful and the item
owner is under no obligation to sell the item. |
Multiple
Item Auctions
A Multiple
Item, also known as a Dutch auction, is where the auctioneer
has two or more items that are exactly the same and is willing
to break them up to sell to individual bidders. If the auctioneer
wants to sell multiple items as a single lot to a single bidder,
he/she should use a Standard auction. In a Multiple
Item auction, there is also a difference as to how winning
bids are determined and broken down. There can be multiple winning
bidders in a Multiple Item auction. The winning bidders
are determined by who has bid the highest, earliest and for what
quantity of items. However, all winning bidders will pay the same
winning bid amount, which is determined by the lowest successfully
winning bid. Multiple Item auctions can not have a Reserve
price in effect and does not permit Proxy bidding.
For Example, a Multiple Item auction has been placed with
10 items for sale. The opening price for the items is $1.00
each. After the auction opens, 20 people place equal bids for
the items at $1.00 each. If the auction were to close at this
point, only the first 10 people to bid would be declared winning
bidders. Earlier bids take precedence over later bids of an
equal amount (and in this case, quantity). However, before the
auction closes, a new bidder places a bid of $3.00 for one of
the items. Because this person has placed the highest bid, if
the auction were to close now, he or she will win one of the
10 auction items. The remaining 9 items are won by the first
9 bidders who bid at $1.00. However, because all bids will be
accepted at the lowest winning bid, the person who bid $3.00
will only be required to pay $1.00 for the item. By bidding
over opening price, new bidders can essentially knock the earlier
low bidders out of the running which helps guarantee then a
higher placing. |
Reverse
Auctions
A reverse
auction, also known as an upside down auction is an auction
where people can list what they want and need and have other people
submit offers to them.
When someone posts a reverse auction, he/she is not intending
to sell something, but rather to buy something. That something
can be a product or a service. As a reverse auction progresses,
the price drops.
|
Blind
Auctions
A Blind
Auction may also be known as a Silent auction. This works very
similar to a Standard auction where the highest bidder
wins the auction. However, in a Blind auction, the bidding
process is not interactive and the bidders will only receive information
on their bid ranking when the auction closes. A Blind auction
also differs from a Standard auction in that it does not
offer a Reserve price and does not utilize any Proxy
bidding. |
Linked
Auctions
A Linked
Auction is a special type of auction item that links to another
site or URL for a bidder to place a bid or outright purchase the
item. It allows you to enter a URL that the bidder or buyer will
be taken to when they attempt to place a bid on the item. |
RFQ
Auctions
An RFQ
Auction is designed for publishing a "Request For Quotations".
A Request For Quotation would typically be issued by an individual
or organization looking for a product or service that they will
describe in the RFQ's detail information. Then any people or organizations
interested in providing the product or service to the auctioneer,
can submit their bid for the products or services outlined in
the RFQ. Their bid may typically include additional descriptions
or features of their products and services in regards to the RFQ,
as well as any other limiting terms of their bid submission.
An RFQ Auction works a little bit differently from the standard
auction types in a couple ways. First, the auction bid amount
is not driven up or down as with a Standard or Reverse auction.
The auctioneer (the person/organization interested in receiving
bids/quotes), will decide who the winning bid submission is. The
winning bid submission is not automatically determined by price,
since the auctioneer may select one bid over another depending
on other factors, such as:
- Reputation of Bidder
- Additional Details of Products/Services Offered
- Limitations of Competing Bids Offered
|
Barter
Auctions
A Barter Auction
is an auction where the auctioneer is willing to accept barter
offers from bidders. A barter offer can consist of anything the
bidder can describe. This could be an offering of some other item
in exchange for the auction item. Or it could be an item plus
some additional cash offering in exchange for the auction item.
The auctioneer is able to choose whichever offer he wants to accept.
|
Turbo
Auctions
A Turbo
Auction is just like a Standard Auction with a few limitations.
The Turbo Auction is meant to encourage bidding activity by interested
bidders, since it is forced to a low starting bid ($1), and does
not allow a Reserve price. |
Fixed Price Auctions
A Fixed Price Auction is really not an auction at all, but rather an item for sale.
The fixed price auction differs in that the first bidder to place a bid will win the
item and the auction closes immediately.
|
2. FREE Auction Listing Fees & Low Closing Fees! What else is there
to say?
3. MarketPlace - Receive a FREE MarketPlace that will highlight all
your Listings! New features and options will be added to the MarketPlace
that will enable you Sellers to decorate and advertise your items.
4. Extra Advertising - Take advantage of our Classifed and Directory
section! Create a subscription that will allow your Ad to run consecutively
without interruption.
5. Customized Listings - Deocrate your Auctions using all your favorite
Auction Templates.
6. FREE Listing Scheduler - Not ready to list your items? Well...use
our FREE Listing Schedular to manage your auctions.
7. Easy Billing - We require no credit card or payment information....only
a PayPal email address. At the end of each Billing Period (beginning
of each month) we send out Invoices to you. Simply click login to your
WaZooie's Control Panel, click on "View Your Bill" and then
click on "Pay With PayPal". It's that simple...it's that easy.
With your help, we will be adding new and exciting features that will
make your WaZooie experience the best it could be. With each Auction
that is closed with a sucessful bid, we are that much closer to adding
those features!
So, be sure to
Register...Buy
and Sell...and
tell
all your friends!