2/20/06

TagWorld Member Sites Now Open for Business; TagWorld`s No Fee Social Commerce Features Enable PayPal(TM) Integrated...

Paul Demery , Managing Editor, B2B E-commerce

Members Create Free Online Classified Listings, Personalized Stores and Negotiate Sales in Non-Auction Format

SANTA MONICA, Calif.--Feb. 17, 2006--TagWorld, an online social ecosystem, announces TagWorld Social Commerce, the first truly integrated ecommerce solution for the social web. TagWorld`s new "My Store" social commerce product is now available to members. First unveiled at the prestigious DEMO conference in Scottsdale, AZ last week, this revolutionary offering enables any TagWorld member to build an online store in minutes. TagWorld is setting a benchmark in user generated content by providing members with free easy-to-use web publishing and now social commerce tools.

The Next Generation of Classified Listings

TagWorld launched a "Classifieds" tab and a "My Store" section today where members can post items for sale. These items will automatically appear in the "All Listings" area and will be searchable by tag or keyword. Members can search for items within a specific radius of their zip code as well. Users can upload multiple images of the item for sale, add a description, choose a price and a payment model (negotiable or fixed), and of course tag the item and select a payment method. TagWorld`s integration with PayPal(TM) makes it even easier for anyone to open a store and conduct commerce at their member site. And, TagWorld does not take a fee or a percentage of the purchase price from the store owner or purchaser.

Customizing a Personalized TagWorld Store

After creating listings in TagWorld Classifieds, members can design a store on their TagWorld website by dragging and dropping a new "Store" module into their TagWorld site. The module can be customized to show only items with or without certain tags which enables multiple store fronts on one website. When other members visit the site, they can click on an item and immediately place a bid or purchase. After a bid or purchase occurs, TagWorld tracks the progress of the transaction through to a successful close or resolution of dispute.

Managing Your TagWorld Store

Members can easily sort through the items in their store to see which have been bid on. Then, members can bid and counter bid in a negotiated non-auction fashion, giving retailers and bidders the opportunity to negotiate for the best possible price for the item. Unlike an auction, TagWorld does not assign a deadline on an item or allow other TagWorld members to see a bid.

About TagWorld
In the three months since launch TagWorld has grown to over 750,000 members. TagWorld`s comprehensive online ecosystem, tightly integrated set of publishing, communication, networking features and now online commerce support and enable the social web like never before. Users can engage, create and share their personalized content online in a multitude of ways for a more meaningful social experience. TagWorld has recently received undisclosed venture capital from Draper Fisher Jurvetson (dfj.com). DFJ Founder Tim Draper is now a TagWorld Board Member (www.tagworld.com/timdraper). For more information about TagWorld, please visit www.tagworld.com.

PayPal is a trademark of PayPal, Inc. The use of this trademark is without permission of, and is not intended to suggest any association with, or sponsorship or endorsement of TagWorld by the trademark owner.

Topics:

Auction, eBay, Economics, PayPal, Technology Internet

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