As online auction sellers become increasingly dissatisfied with listing fees on major internet auction websites like eBay and Yahoo! BiddersSite.com, a new auction site, gives sellers the ability to list their wares with a no listing fee model. "There is a large demand for an online auction service that does not charge high up-front seller fees for listings" says Pat Novack, Founder and CEO of BiddersSite.com. "A lot of merchants have contacted us with suggestions and ideas that they were seeking in a auction site and we were able to design and develop the site with many of their integrations."



BiddersSite.com which launched June 15th 2005 and has a modest but rapidly-growing user base of registered members. Along with no listing fees, sellers are provided with free image hosting, free storefronts, free promotional tools and free features to enhance their auctions.

In the present economy, buying and selling on auction sites like BiddersSite.com can be very appealing. "We feel that our site will be highly attractive to buyers looking for bargains and to auctioneers who are unable or unwilling to roll the dice," says Novack "Many sellers are feeling the pinch of the current economic recession and can't afford to pay for listings or risk losing money if their auctions are unsuccessful. Also, for low priced items such as baseball cards which might sell individually for less than a dollar, a listing fee can literally double or triple the asking price. BiddersSite.com solves these problems and offers a viable alternative to the high fee-based auction sites where a typical listing might cost you $3 to $6."

BiddersSite.com charges a 2.5% commission for successful auctions under $600, and only 1.5% for auctions finishing over $600, which is significantly less than eBay or Yahoo. Plans to drive targeted traffic to sellers' listings at BiddersSite.com include premium search engine listings, banner advertising, and nationally placed print advertising, as well as radio and TV spots in a few selected cities. "If our sellers don't make any money then neither do we, explains Novack, We intend to market our website very aggressively."

To ensure safe trading in its marketplace, BiddersSite.com records users' unique IP addresses every time they access the website. "We will not tolerate abuse or illegal activity," says Novack. "It is our mission to provide a safe and enjoyable auction community."