Conference Bay auctions from Singapore

March 14th, 2008 | Category: blogs, business models, iSIGHTINGS, innovation
By Andrew Nachison

From Singapore: Conference Bay, an eBay-style auction marketplace for buying seats at conferences worldwide.

Nothing new here, right? We all know about online auctions. The only innovation is applying a well-tested online transaction model to a different niche -  in this case a potentially high-value niche that may provide real utility – and new buying power – for a global audience. It’s worth comparing this service to another crowd-sourced approach to aggregating event information: Yahoo’s Upcoming, which is full of Yahoo’s social media goodness – and lots of free events, too. You can add comments, people, maps, etc.. But at the end of the day (and more than two years after Yahoo! purchased Upcoming), it’s a big list to promote events – but not to directly sell or determine pricing for seats.

Insight: Innovation happens everywhere.

I should also note: the We Media/connected/story-telling culture helped me find Conference Bay. Global Voices co-founder Ethan Zuckerman’s blog mentioned Solana Larson and the Global Voices crew that came to We Media Miami, and this popped up in our Technorati tracker for the wemedia tag. Someone named Anne from the Phillipines who knew or knew of Ethan commented in his blog – and I followed the link to Anne’s blog, then read down not only to see some familiar names and interests, but, reading down to the next post, a link to Conference Bay.

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3 comments

3 Comments so far

  1. Anne March 15th, 2008 6:55 am

    Hi Andrew,

    Conference Bay has impressed me as an innovative business model, with great functionality. Btw, I am that someone named Anne from the Philippines, and I thank you for referencing me here…:)

  2. Andrew Nachison March 15th, 2008 8:56 am

    Hi Anne, and thanks for the info. It looks very promising – although the vendor contract is pretty dense.

  3. Arnout Mostert March 18th, 2008 1:47 am

    Hi Andrew,

    Thanks for your feedback. I am the founder & CEO of Conference Bay. With regards to the vendor contract, allow me to explain very briefly why this looks ‘dense’. Conference Bay offers conference organisers the opportunity to list their events on our site free of charge. Visitors to the site can make a bid for a seat at any conference and once the organisers accepts this bid, a legally binding agreement is in place between the organiser and the visitor. Sounds all pretty boring but we of course need to make sure that payment takes place and that the deal is honored by both parties. Hence the legal wording which never seems to fit on one page.

    The model however, as some people have pointed out, is quite innovative and fun and can save delegates quite a significant amount of money. If people can not find the event they are interested in on our website they can let us know and we will not only add it for them but also get their bid through to the organiser.

    Hope this helps, looking forward to more reactions!

    Arnout

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