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FIRST FREE ONLINE APPLICATION LETS BUSINESSES CREATE THEIR OWN AUCTION SITES.


For the first time, businesses can now add an online auction capability to their existing website for free. edeal Services Corp., a global online auction technology provider unveiled the AuctionEnabler, the first online auction application accessed free via the Web. b2bScene, a division of Open Text, a leading supplier of web-based e-business (Electronic-BUSINESS) Doing business online. The term is often used synonymously with e-commerce, but e-business is more of an umbrella term for having a presence on the Web.  applications, also announced it is including edeal's application in their suite of business-to-business This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.
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 solutions.

While large businesses have benefited from the explosive growth of online auction sales, customized auction site development costs that can easily exceed $150,000 have put this market far out of reach of many businesses. Since it is free, the AuctionEnabler removes these barriers for small and mid-sized businesses to enter the fast growing, competitive e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers.  market and allows them to offer a branded, online auction on their website.

Industry Standard magazine recently reported that 10 of the top 15 sites are auction sites or have an auction component. A recent study by the Boston Boston, town, England
Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent.
 Consulting Group found auctions currently account for 20 percent of all online retail sales. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
  • Founded: 1983 by George F.
 projects online auction revenues will total $19 billion by 2003, with business-to-consumer auctions capturing 66 percent or $12.5 billion of those sales. An April study by Harris Interactive Harris Interactive (NASDAQ: HPOL) is an American market research company that specializes in public opinion research using both telephone and surveys on online panels. The company is the product of a 1996 merger between the Gordon S. Black Company and Louis Harris & Associates.  reports an estimated $644 million spent at online auctions in the first quarter, a 33 percent increase from the last quarter of 1999.
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Title Annotation:Company Business and Marketing
Comment:FIRST FREE ONLINE APPLICATION LETS BUSINESSES CREATE THEIR OWN AUCTION SITES.(Company Business and Marketing)
Publication:EDP Weekly's IT Monitor
Geographic Code:1USA
Date:Aug 7, 2000
Words:229
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