Bonanza offers products in virtually every category and serves as a fantastic alternative to eBay. Millions of transactions take place daily via secure circuits…
Bonanza offers products in virtually every category and serves as a fantastic alternative to eBay. Millions of transactions take place daily via secure circuits like PayPal and Amazon Payments, creating an environment of safety and commerce on Bonanza. Furthermore, its security team actively detects malicious users and blocks them ensuring high levels of safety on this platform.
Bonanza offers buyers an extensive range of categories for furniture, home decor, jewelry, beauty products and kitchen items, such as vintage pieces and contemporary ones alike. Additionally, there is an assortment of sellers such as local crafters and small handmade businesses which makes Bonanza an appealing marketplace where buyers can discover unique finds they won’t find elsewhere.
Before selling on Bonanza, there are a few key points you should keep in mind. First and foremost is setting up your booth; Bonanza refers to these stores as “booths,” similar to stores found in shopping malls. When signing up for Bonanza as a seller, you will be required to enter your booth title, username and password as well as your contact details such as email address and phone number as part of registration. After which comes selecting payment methods and listing each product.
Bonanza makes opening an online store easy and free, enabling you to add multiple listings and set shipping prices for each item listed. In addition, the seller dashboard lets you manage inventory levels, monitor sales activity and generate reports. Bonanza even lets you promote products on other websites by linking back to your online store while sending newsletters with news of new offerings or special promotions directly to customers’ inboxes.
Bonanza offers an expansive selection of product categories and the ability to list your items for free listing, while its commission rate is significantly lower than leading marketplaces such as Ebay or Amazon Marketplace. Bonanza charges only $0.25 per transaction plus a base 3.5% final value fee while other popular marketplaces typically impose 10-20% in fees for every sale made on them.
Bonanza’s Customer Marketing Tool is an effective way to help convert one-time buyers into repeat purchasers. This tool provides actionable data about each of your customers that you can then sort, filter and save into groups to form targeted marketing campaigns.
Bonanza’s platform closely resembles that of eBay, making it an excellent alternative for eBay critics looking for ways to expand their sales. As an established marketplace with an emphasis on small sellers and crafters – Bonanza can also serve companies looking for an e-commerce solution with minimal upfront costs and limited technical knowledge. Furthermore, Bonanza provides extensive tutorials designed to assist both novice and seasoned sellers alike, and payment methods including credit cards and e-checks are accepted by Bonanza.