Wigix is launching its online stock market platform for goods today, going up against the eBay auction model. The Wigix system is based on the bid/ask model used by NASDAQ and the other financial stock markets. Sellers offer any price for their items and buyers can pay the asking price or offer another one if they like. This new online trading model should help to eliminate problems like shilling and sniping.
Some features include: no listing fees, all trades happen immediately, sales data tracking so that users can get accurate market prices. Wigix also has some social networking and community features like blogging, friends lists, sharing, Facebook data access, and inventory tracking. Users can also become category experts and earn a share of their category sales, they can also become SKU owners: any user can add a new item which is not yet registered in the Wigix database, making them the “owner’ of this item’s SKU, they receive a share of all future sales of this specific item. Many people would say that it’s about time and that eBay should have done something like this years ago.