Aroxo, the website that lets buyers “say what they’ll pay”, is unveiling new software soon that lets buyers and sellers negotiate automatically. Professor Nick Jenner, Aroxo’s new Chief Scientific Officer, has developed software agents called ‘Negotiation Ninjas’ that use information from both buyers and sellers to come to an agreement on price.
The BBC reports that these new software Ninjas will make it even easier for people to find bargains online. Buyers say how much they want to pay, and sellers say how eager they are to make a sale, and if the price can be lowered when stock reaches a certain level. If the Ninjas find a good match between a buyer and a seller, the seller is prompted make a personal offer and try to close the deal.
What’s even better for buyers is that the Ninjas will be free to use – sellers pay 0.3% of the buyer’s asking price however if they choose to contact the buyer.
The Ninjas will be trialled on Aroxo this autumn, just in time to help credit crunch Christmas shoppers find the best deals.
Zoe Piper works for Branded3 as an SEO & PPC guru. Zoe's PPC column appears every week on Blogstorm.You can get our blog posts delivered for free by email every day - simply add your email address to the box below or alternatively grab the RSS feed.
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It’s interesting to see a unique twist on the ‘online bargain hunting’ format, I presume they are aiming to be an eBay killer, but I do fear about the actual effectiveness of the system. Sellers aren’t looking to sell things at a bargain price, they want the most money possible for their products.
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I’ve had a look and I think this is revolutionary , both for customers ( tempted to try a few cheeky £200 pound bids to get an extra Flatscreen TV for my main bedroom) and retailers who are didnt shift the stock they hoped for in a campaign.
Really hope this takes off.
More comments from Matthew OxleyThis is great. I think that people love bargains and anything interactive online like this – people will eat it up!
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Nice post and very well information mentioned here, thanks for sharing the Ninjas software here.
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