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Just Bidding Around

Online marketplace

This story appears in the March 2000 issue of Business Start-Ups magazine.

If time is money--or even if it's not--there's a new online site that can save you both time and money. Designed for small and midsized businesses, particularly benefits start-ups. It reduces time spent sourcing business products and services, enables you to become operational sooner, and helps jump-start your business by providing an instant national market for your products or services.

In essence, is an online marketplace. Entrepreneurs describe services or products they want to buy, and qualified vendors bid to fill those specific needs. In a matter of hours, you can obtain competitive quotes from pre-screened sellers coast to coast. In most cases, responses are limited to the first five vendors who submit bids; however, you can resubmit your request to receive additional bids. You can review all bids--both individually and in a side-by-side comparison table--and contact a vendor to close or refine the deal. Until then, you remain totally anonymous.

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