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The online auction industry is experiencing a shakeout. This is a normal course of events in a nascent industry. Bidder's Edge and Price Radar, two auction search tools, both closed their virtual doors this month. Price Radar cited lack of renewed funding, and Bidder's Edge cited market and financing conditions. We can look forward to lots more change this year as companies continue to experiment with new business models and look to attract sources of funding. AuctionBytes.com is here to help you cope with the changes! We'll report news, review products and services, and give you tips to help you be more efficient as auction buyers and sellers.
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What is the best day to end an auction? We took a survey to see if the answer to the age-old question, "What is the best day to end an auction?" had changed since we last asked it in December of 1999.
Sunday is still the hands-down winner as the day to have your auction close. In fact, the Top 3 days chosen in 1999 are still very strong choices. Tuesdays have fallen to become the least favorite day to end an auction.
Here are the results of the two polls:
12/99
Sun - 41%
Sat - 18%
Mon - 15%
Fri - 11%
Tue - 6%
Thu - 5%
Wed - 4%
2/01
Sun - 54%
Mon - 18%
Sat - 11%
Thu - 8%
Wed - 5%
Fri - 3%
Tue - 1%
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People have started using the AuctionBytes Yellow Pages to leave reviews of products and services. If you are shopping for an auction site, software, shipping supplies, etc., check out the Yellow Pages at
http://www.auctionbytes.com/bin/bizdirectory/biz-dir-index.pl. And don't forget to leave a review!
Ina Steiner, Editor
email: ina@auctionbytes.com
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