Bonanzle Subscriptions

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confusedmonky13
Posts: 37
Joined: 04 Jan 09
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5 May 09 06:47:14 am
I wanted to know if anyone thought subscribing for a membership on bonanzle was a good investment or just throwing away money?? If anyone has done this and saw the traffic on their booth increase please inform me of any information you have. Thanks in advance

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dwmgoods35
Posts: 310
Joined: 19 Feb 09
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5 May 09 05:05:27 pm
I wanted to know if anyone thought subscribing for a membership on bonanzle was a good investment or just throwing away money?? If anyone has done this and saw the traffic on their booth increase please inform me of any information you have. Thanks in advance



Hmm, well I think Bonanzle in the future will be power house marketplace to purchase a subscription at this point I wouldn't recommend only because they are still very young of a company and is still trying to get more buyers to visit the site. Right now I use Bonanzle because its free to join and list your products. Hope that helps!

Don

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fudjj
Posts: 5913
Joined: 27 Jul 07
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5 May 09 08:13:25 pm
Yep, I would back don up on this one.

It's a situation where passionate supporters of the site will subscribe to show they are flying the flag, but serious business people would not because I would doubt if anyone would see any financial gain from currently doing so.

What I can see happening in the future is the subscription being tied to final fees, ie: members getting a discount, that type of thing.


Mark (fudjj)

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ezbargins
Posts: 65
Joined: 07 Jul 08
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6 May 09 12:16:35 am
If they had a auction format they would do great but for some reason they dont. All they would have to do is what ebay did when they first started.

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ezbargins
Posts: 65
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6 May 09 12:18:08 am
If they had a auction format they would do great but for some reason they dont. All they would have to do is what ebay did when they first started.

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fudjj
Posts: 5913
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6 May 09 01:06:37 am
I assume that they are trying to carve out their own market, and not be compared directly to ebay. Having that happen builds peoples expectations and can make it quite hard to then get traction in the marketplace.

I like their approach, some smart people behind that site in my opinion. Even though some do compare it to ebay, quite unfairly in my opinion.

I'm with you regarding the auction format being added, and I truly hope that they are working behind the scenes on integrating that package at a later date.

With their positive reviews and market share growing each day, adding an auction format could then take a HUGE chunk straight out of ebay, and they would then be in position to take ebay head on.

I think Bonanzle has a very interesting future ahead, with the odd twist and turn to unfold.

What the market really needs is for most of these types of sites to go under. The reason one can get into a position to threaten ebay is the over saturation of competition.

If everyone would use all the possible avenues open to them to list, then all sites in competition would grow and and cause ebay a major headache, but people don't!

Each shops around and selects one or a couple of formats that they list on, without listing on all. What that does is water down the competition against ebay. It gives each of these competing sites a small foot hold in the market, without being able to build on it enough to be a major threat.

I know everyone wants choice, but if there was only two or three options to directly compete against ebay, then they would gain much more market share, and a lot quicker, making them the threat everyone is looking for.

Once you get an effective direct competitor to ebay, it will be easier for a lot more to enter the market place and carve out their own niche.

While the payload is being spread so thin, it is going to be a struggle for anyone to take market share away from ebay. If anyone is going to do it, it's going to be bonazle in my opinion, but they will have to implement changes at a future point.


Mark (fudjj)

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confusedmonky13
Posts: 37
Joined: 04 Jan 09
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6 May 09 10:19:42 am
What I think bonanzle has done is take what a big part of the market is right now. I have read post after post of jimmy saying that a good majority of the market is looking for a set price on items and not wanting to take the time to auction for a good deal. I mean really when you look at it who wants to take the time and compete with others wanting the same item when you could get the same great deal at a single price and no wait time on an auction. It makes all the sense in the world to me. Now buyers don't understand that commission rates or ebay cause prices to go up. I would much rather sell something on bonanzle then on ebay because I can sell it cheaper on bonanzle.

I think it would be highly smart for bonanzle to get serious about marketing to buyers now, don't market to the people that are selling. What they should do is offer subscription fee amounts in place of final value fees on a month to month basis that way they are guaranteed money and can use that towards advertising to people buying items on the internet.

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raiderjake
Posts: 253
Joined: 14 Apr 09
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16 Jun 09 05:50:32 am
any one know what the final value fees are on bonanzle?

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fudjj
Posts: 5913
Joined: 27 Jul 07
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16 Jun 09 05:56:43 am
Dirt cheap, last time I looked you couldn't pay more than $10.00 max, with items under 100 at about $3.00 from memory, seriously good value!

Then again it has been a while since I checked lol


Mark (fudjj)

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raiderjake
Posts: 253
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16 Jun 09 06:04:05 am
ya thats really good, thanx

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