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Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.
I didn’t make a Single Sale with Yahoo Auctions when it was Free…then they wanted to Charge for listings. That’s when I went to ebay! I left Them last year, after all of Their Greed and Corruption.
So…now that I have been on Bonanza for 3 years…with No Sales…yeah, No–I won’t be going Diamond or any other level!
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Bonanza is a dead marketplace.
They think that tilting the letter B in Bonanza was a great thing…it’s not.
When you look for Bonanza in search, first thing that comes up is the western show fromthe 60’s.
No one knows Bonanza. They have all these useless memberships and tiers to make you think that if you do buy into their shiny objects you’re going to have sales and make money. They only ones making money is Bonanza, by charging a fortune for the games.
We need another marketplace besides Etsy and eBay, but folks, Bonanza is simply not the answer.
Creating paid memberships is a measure to fleece sellers. CEO Faison clearly wants to get a quick return on his investment, and nothing quicker than a membership scheme. Other comatose marketplaces do this – see eBid for another example. I would be a fool to pay up front for a paid membership in a marketplace with minimal buyers or visibility.
@None Such
The one thing with eBid is a Life Time membership.
Bonanza is a monthly fee.
* At the time I have a $50/lifetime membership with eBid and have no problem selling there.
I have to promote myself, but I am fine with that.
* New sellers should test drive the site first before deciding on a lifetime membership. The site is different.
Bonanzle was great in the beginning and then when it became Bonanza, it was figuring out how to make more money off the sellers and yet, doesn’t really advertise the site for the money they are getting.