Auction Blog

Overstock.com, Inc. has announced that it is undertaking initiatives to enhance its online auction site ( http://www.auctions.overstock.com) for the fourth quarter.

Enhancements to Overstock Auctions will include increased fraud protection, checkout process improvements, more third-party integrated payment options and the addition of bid cancellation and retraction.

“Overstock Auctions is focused on the auction community,” said Doug Minnick, director of auctions at Overstock.com. “We’re excited about the improvements we’re making for both sellers and buyers, and they can expect significant enhancements throughout upcoming months.”

Overstock Auctions plans to integrate many of the site changes as early as November in time for buyers and sellers to capitalize on them during the holiday shopping rush.
“We’re genuinely focused on auction buyers and sellers,” said Jacob Hawkins, Overstock.com SVP of Supply Chain. “We’re enhancing our site with them in mind, and we hope to create an improved avenue for the auctions buying and selling communities.”

Auction info www.overstock.com.

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Overstock.com to Enhance Auction Site

SALT LAKE CITY - Overstock.com, Inc. today announced the official debut of its real estate search application: http://realestate.overstock.com. The site is unique in that, through the O-Hot Value Indicator, it helps shoppers identify great deals from more than three million classified, foreclosure, and hard-to-find auction homes for sale.

The O-Hot Value Indicator is a unique tool that helps a customer find the best values in a chosen neighborhood. The O-Hot Value Indicator ranks each home’s value relative to others in its vicinity. The site automatically highlights auction, distressed, and foreclosed properties, which potentially offer great value to Overstock.com’s customers.

“Consistent with Overstock.com’s relentless commitment to deliver high value to customers, Overstock.com Real Estate is helping customers efficiently browse millions of properties to find deals in their area of interest,” said Patrick Byrne, Overstock.com chairman and chief executive officer. “Our site gives Overstock.com customers information from real estate auctioneers and brokers with direct access and local expertise. This allows us to offer just what our customers have come to expect: great value and wonderful service.”

“With home prices falling, unit sales slowing and foreclosure and auction properties in abundance, home shoppers have an opportunity to find their dream home or their next real estate investment,” said Bill Floor, Overstock.com real estate director. “Overstock.com’s new real estate search application allows the value conscious Overstock.com customer to find great real estate deals.”

For more information: To experience Overstock.com’s new real estate search application, go to: http://realestate.overstock.com.

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Overstock.com Launches Auction Real Estate Search

Both eBay and Overstock begin tightening their respective sites against fraudulent listings…however, the rules of engagement from both sites are purposely vague in that which brands being targeted is not clear. The result is the sort of chaos you would expect from an issue that has festered and plagued both sites for so long. Good sellers as well as bad are feeling the heat; listen in as I explain why its all happening now and why its a much larger issue than just fugazi Fendis.

What to make of Google’s announcement that it will drop merchant fees for Google Checkout through 2007?

A site where you can find all of PayPal’s Discount Codes.

While Google and PayPal fight it out, has a third buyer friendly payment alternative quietly emerged?

Shoppers continue to buy more on-line but a recent study points out that buyers are searching from the top of their browser, rather than through shopping portals.

A report that a program has been developed that can sniff out fraudulent eBay sellers by interpreting their selling patterns and associations.

Valuable tips on making your auctions or website as buyer friendly as possible.

I examine one particular seller who is making the most of selling straight from the shelf of a huge home furnishing superstore.

M-bags for overseas book selling, an eBay Typepad Widget and a Google gadget to hurry along last minute Christmas buyers.

A web site that demonstrates how defining and marketing to a specific need can easily differentiate you from any other seller selling like items.

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Links from this week’s show:

eBay’s Agenda for Fighting Fraudulent Listings - Scott Wingo outlines eBay 4 step plan.

Google Checkout Drops Merchant Fees through 2007 - Another shot across PayPal’s bow.

PayPal Coupon Code Center - An on-going list of current PayPal discounts.

Forbes Article On Bill Me Later - Alternative billing for larger ticket purchases that requires minimum info from the buyer and 90 days interest free billing. (PDF file).

Researches Announce Anti-Fraud eBay Data Mining Techniques - Detecting on-line auction fraud before it happens.

10 Tips to Make Your Auction or Web Site Customer Centric - Couldn’t have said it better myself.

Don’t Leave These Elements Off Your Auction or Site - 6 essential elements.

eBay Seller Specializing in Big Box Ikea Items - Specialize on what is in the store but not on the store’s web site.

M-Bags Shipping Explained - Save on overseas books/printed material shipping.

Google Christmas Countdown Gadget - Count it down for buyers.

Typepad Widget for eBay Listings - Allows users to list the items they’re selling on eBay within their TypePad blog.

Alzheimer’s Store - Excellent study on how to identify the market and then gather the right items to sell.

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eBay, Overstock.com Hammer Fraudulent Listings - Free Google Checkout - Bill Me Later - Anti-Fraud Program - PayPal Coupons - Ikea - M-Bags - eBay Typepad Widget