posted on March 13, 2001 07:46:36 AM new
"Buyer-Focused Marketplace to Join Forces With a Leading Online Auction Service To Expand Options for Bidders and Sellers."
SANTA CLARA, Calif., March 13 /PRNewswire/ -- eWanted.com, a leading buyer-focused marketplace, today announced an agreement with Yahoo! (Nasdaq: YHOO), a leading global Internet communications, commerce and media company. eWanted will offer its integration of reverse auctions and fixed-price buying models to users of Yahoo!(R) Auctions ( http://auctions.yahoo.com ), one of the largest, globally-branded Internet auction services. By integrating eWanted's buying models, Yahoo! Auctions is introducing millions of Yahoo! consumers to the eWanted marketplace. "Given Yahoo!'s strength in the industry and Yahoo! Auctions' importance within e-commerce, we are extremely pleased that they have recognized the great potential eWanted has to bring their community increased capability and value," said Steven Nerayoff, vice president of strategic alliances, eWanted. "By integrating eWanted, Yahoo! Auctions can use our service as an extension of their buying and selling capabilities, and provide its consumers with more options than ever before."
posted on March 13, 2001 08:48:18 AM new
I do not think this will help Yahoo out any! But it is Funny for them to call themselves: one of the largest, globally-branded Internet auction services! That is not the scenerio any more!
posted on March 13, 2001 05:56:23 PM new
"…The customer is the key and Yahoo! is not customer driven, it is ad driven. Different culture." (excerpt from the following conversation at TheStreet.Com):
http://www.thestreet.com/talk/chats/1342626.html
I ran across a pretty good discussion of Yahoo by some well-respected financial analysts on TheStreet.Com today. They were primarily discussing Yahoo Finance, but had some interesting comments about Yahoo's management style and media perceptions.
It appears that Yahoo's (mis)management is not an industry secret and has earned them the disrespect they richly deserve. The arrogance Yahoo has shown is not limited just towards the members of Yahoo Auctions. It's their management style and that seems to be the reason the founder of Yahoo is leading the efforts now to look from outside Yahoo to find a new CEO.
Yahoo may have broken the mold (business models) last year in a boom market, but in the process they alienated many - and that is now coming back to haunt Yahoo. By the way, Yahoo's stock share price dropped down to $15 5/8 today and managed to close at $16 1/16 today - way down from their $205/share price about one year ago. In my opinion, the so-called Yahoo Brand is nothing to brag about anymore and other companies aren't standing in line now to align themselves with Yahoo. I do see very troubled times ahead for Yahoo and in the end I think it possible that someone will buy Yahoo out - not the other way around.
I'm kind of sorry to see it come to this because of the many that have been hurt by Yahoo's arrogance and indifference - especially since it was so unnecessary. On the other hand, I get some satisfaction in seeing Yahoo management having their collective noses rubbed in something Yahoo users have been warning them about. No doubt there will be no shortage of "I told you so's" towards Yahoo management - and why not? It is their due.
Clutter……….Riiiight…. Meg, does any of this sound familiar? Nah……… I thought not.
posted on March 15, 2001 07:30:27 PM new
I just entered a search term at Yahoo Auctions. I got a list of items but also this message at the bottom of the page
"Get what you are looking for-- Request it at
eWanted."
(Clickable link to eWanted home page)
To see what Yahoo's getting out of this partnership I went to eWanted & entered my keyword. Got a page with 2 options 1)post a request 2) choose an item from our Buy Now area.
No link to check Yahoo Auctions for it. Saw a link for eWanted Partners on their homepage, clicked it got Paypal, AW and others but no Yahoo.
So, what are Y sellers supposed to get from this?
Buyers are being referred offsite but not back. If you want to sell your item to a buyer at Ewanted you have to pay them FVF's:
"If your item sold for $100 or less, your fee will be 5% of the final price, subject to a 25-cent minimum fee.
If the final sale price was more than $100 but less than $1000, subtract $100 from the final price and take 3% of the result. Add $5.00 to get your fee.
If your accepted final sale price was more than $1,000, subtract $1000 from the final price and take 1.5% of the result. Add $32.00 to get your fee.
There is a flat $25 transaction fee for the Jobs and Business Opportunities category, regardless of the final price. There is a flat $500 transaction fee for the Real Estate category, regardless of the final price. There is a flat $5 per ticket charge for all domestic and international airline tickets. Other sales in the Travel category are charged at the standard transaction fee rates. There is a flat $9.95 per offer charge for all offers highlighted in our Buy Now Gallery."
Ewanted's TOS are as strict as Yahoo for what items can't be sold and much stricter about contact info. You can't reveal your name, add, phone, email add, auction site links or website URL to anyone except your buyer and then only after the ad ends with a purchase. Sheesh, even eBay is not that bad!
I must be missing something, how exactly does this benefit Yahoo users?
posted on March 16, 2001 08:49:45 PM new
Oh boy, it's like two one legged men joining together to walk. It makes sense that two legs are needed to walk, but I just don't see this turning out very well.
[ edited by Randolphjo on Mar 13, 2001 07:57 AM ]