Bonanzle Sellers Holiday Wishlist – Buyers Buyers Buyers

bonanzleBonanzle Booth Owners Want Buyers...

It is no secret that I have been enamored with the Bonanzle website for several months now. 

For a list of some of the articles I have written in the last several months look here: TA Journal - Bonanzle.

In those past articles many of the positive features of the site have been covered in depth.

I just plain like Bonanzle.

I am not alone with my adulation... Other sources have pronounced Bonanzle as a very appealing selling platform.

While I and many others are very enthusiastic about the platform that Bill Harding and Mark Dorsey are building at Bonanzle.com, there are some aspects of the site which could be improved.  Bill and Mark have done an amazing job with the site thus far and they are continuing to improve the site on a daily basis but with almost any startup there are some obvious features which can be seen from the outside, which may be missed internally. With Bonanzle the list is unusually short, and getting shorter each day. In fact, by the time you read this article, my list may be non-existent.  Bill Harding is a fast developer! 

Bonanzle Needs Continue reading “Bonanzle Sellers Holiday Wishlist – Buyers Buyers Buyers” »

Has eBay spoiled merchants with its renowned "Firehose of Traffic"

Ok... here is the deal

Traffic

Traffic

If you sell products on the Internet - It's your job to make sure buyers find and buy those products.

Simple as that.

Seems obvious, right? -  Of course it is... when one thinks about it...

Yet if this is true, if it is your job and no one elses, why do we hear so much about the dissatisfaction from sellers on almost any of the online sales venues out there, (including eBay) based on the belief that they do not get enough traffic on these external sites?

Lets look at why the world clamored to join eBay back in the day.

  1. It was easy - no shopping cart - no website - no hassle, just sign up and sell.
  2. eBay provided buyers - again, easy - no Adwords, no traffic strategies, very little SEO work - easy.
  3. Community - it was easy to feel like you were part of something, learn from others, be part of a phenomenon - belonging to something bigger than your business - it was great.

Much has been observed, and written, which indicates these attributes may have faded or gone away completely at eBay.  Not for all, certainly... but for more merchants than eBay would like to admit.  It has been mentioned in many places that over 100 members of eBay's oldest Powerselling association, PESA have left eBay completely.  100 members may not seem like much to a big conglomerate, but these were the most successful and most loyal, not to mention the most proficient merchants on the site.  When that many leave in one year, something has changed, and not in a feel good Obama way.

Now lets agree...

  1. eBay is still easy to list product on, but not nearly as easy to sell product consistently as it once was. The playing field has not just changed, it has been altered in such a drastic way that the goal posts are no longer within the field of play.  This does not mean that with the right kicker, you can't convert, but your team has to be firing on all cylinders to compete in the big game.
  2. Buyers are not easy to find - anywhere. Commerce continues, but the days of a setting up shop in one strip mall on the main drag in town have pretty much ended.  To succeed, one must place themselves within many streams of traffic. One venue selling is akin to committing suicide before you open shop.
  3. Community - any community left at eBay is less than inspirational. Time to find your own select group of respected mentors and colleagues. Some call this a mastermind group, others call it the Rotary. Whatever you call it, the eBay discussion groups are not the place to look.  Join PESA /ECMTA or some other ecommerce group, find like minded individuals who can help you find the best way to your goal. Listening to people gripe and complain will only lead to much ado about nothing.

eBay has spoiled merchants with its renowned "Firehose of Traffic"

Now that the "fire hose" may be more like a garden hose for some merchants it seems everyone wants to point fingers and call foul.  OK - Reality check - here it is, you ready?

eBay does not owe you anything.

That's right, eBay owes you nothing, NADA - zip.  If you're not happy with the results on eBay or anywhere else, do not expect someone, or some company to change things to accomodate your business needs.

You can complain, or change the way your business operates. Another simple fact.

In my business as a ebay stores designer, website developer, and as a reasonably well respected blog publisher/author... I have seen and spoken with many sellers who are leaving eBay.  This migration is not a myth, it is survival. 

But are they leaving because they do not like change?  Or due to an over abundance of anger and confusion. 

Better yet, are they leaving because they have found better or more profitable selling grounds?

I think it is a bit of both.  I also know that eBay really is not concerned with the migration away from their site by sellers large and small. I realize it may hurt to hear eBay is not concerned, especially with the former community aspect eBay brought to the table, but it is the cold hard truth. 

eBay is not in business to worry about you, or your business.  

You should stop worrying about what eBay does or does not do, and start worrying about what you will do from this point forward. 

I am not advocating leaving eBay or any other selling venue be it Bonanzle, Etsy or Craigslist, if that venue works for your business.  But if it is not working, and you find youself voicing negative and non-productive laments about how things were, it is past the time to look outside of whatever box you may found yourself within and to start looking forward. 

Where will your online business be in five years?

Larger merchants have more resources and more options, many have built up stand alone websites with eCommerce shopping carts, inbound linking and established traffic. What of the smaller merchants?

Small merchants were/are the backbone of eBay.

Smaller merchants are most effected by this last year of rules changes at eBay.  Some of these same merchants are pondering, looking, hoping for some way forward. 

Others are taking steps forward, which will you be?

Establishing a new and profitable place on the Internet to offer goods or services no longer is dependent on some greater entity like eBay.  The cost of an eCommerce shopping cart website is much less in 2008 than it was back when eBay spread the online sales gospel. There are other exciting and creative ways to take advantage of the services and ease of use of the larger sites, without placing all of your business bets on that one outside site or venue.

Other avenues exist and easier, less expensive methods to market product are available now. 

Take advantage of the availability and ease of entry - just like many did when eBay began. 

In our next article, I will detail how two merchants, one who sold on eBay but does so no longer, and another who still sells on eBay... Are finding new avenues to present themselves and their businesses online.  Both of these merchants are clients of my company but neither came to the conclusion to move outside of eBay based upon our advise. Each knows that generating and funneling traffic to a spot in the cyber shopping world, that they own, is in in their own best interest.  Not only is it in their best interest, it is essential to be in business. 

As I said recently on a Talk Radio Show...

 "If you do not invest in your business - you have no business"...

"...what you have is a hobby".

Will these two small merchants succeed?

Time will tell, but I can say that they each seem to be as enthusiastic about the future as they once were about the exciting times they each experienced on eBay in the past. 

Until next time...

Wednesday 1:14

eBay Competitors Take a Lesson – Traffic is king – Long Live Traffic

Lessons of eBay - Traffic is king - Long Live Traffic

Recently, I wrote an article highlighting the traffic history of three of eBay competitors, Compete: OnlineAuction.com vs Bonanzle.com vs. etsy.com

The article on iBusinessLogic.com/blog highlights the relatively flat traffic levels of two of the three sites, with etsy being the clear winner when looking at both growth and monthly visitors to the site. To be fair, Bonanzle has not been in the race long enough to be compared in this way (Bonanzle opened for business in June 2008) and Compete.com figures are not always considered the most accurate.

The current climate of disruption at eBay makes it no surprise that competitors new and old have tried to seize the day by collecting as many of the fleeing sellers as possible for their own sites.  Attracting sellers is certainly an important part of building a new online marketplace but it is only half of the battle.

Every seller looking for a new venue is seeking buyers, any venue who can provide buyer traffic will have no trouble attracting eBay sellers.

It is a catch 22 situation and it appears sites like Onlineauction.com are caught up in the vortex.  Online Auction has a vibrant and engaged seller community yet the buyer traffic is slim, the same thing could be said for many other would be eBay heirs.

eBay certainly has the traffic numbers (or had) to make almost any competitor short of Amazon seem almost a trivial pursuit.  But how did eBay get to that point?  What was it that made eBay an almost overnight success and kept them on a steady growth curve for so long?

Lessons can be learned about the early success at eBay which today's new and fresh competition (like Bonanzle) should mimic to grow beyond current expectations. I think Bonanzle has attempted to mirror some of the early eBay elan' but are they there yet?

Lets look at what eBay had going for them in the late 1990's. Admittedly some of these market factors could not be replicated now (no competition, barrier to entry for sellers elsewhere) yet some factors can be replicated by any of todays upstart eBay alternatives.

  1. eBay provided a community of buyers and sellers and promoted the one on one communications between these two groups. eBay no longer provides this social interaction, many alternative sites do - good job!
  2. eBay was an easy way to get products online - easy to sell with minimal friction. (Once again, no longer true at eBay but sites like Bonanzle and etsy have this wrapped up). Good Job for Alternatives
  3. eBay was the place to find the unusual, unique and outlandish - No longer the story at eBay. Some alternatives are working hard to fill this niche - Good Job!
  4. eBay was a fair playing field, designed to allow the small merchant or at home sellers the ability to have equal standing with huge retailers. - Not true any longer.  A message more of the alternatives should trumpet, true in most cases on competetive sites however. Good Job!
  5. eBay opened up a Worldwide marketplace - Still true, to its detriment sometimes - Asian knock offs flooding categories and killing perceived value.
  6. eBay provided a searchable database of merchandise from around the world - Not always the best of search but early on it was the only search - now it is a broken search.  Alternatives should focus on making sure search is always functional and easly to use.
  7. eBay brought buyers and traffic with partner relationships. The obvious early partners were Google and Yahoo. Yahoo is still with eBay, Google not so much. Alternative sites need to find ways to make sure they maintain a good relationship with Google - This is Crucual.
  8. eBay took advantage of mass marketing via affiliates through Commision Junction - now they have almost strangled the relationship they enjoyed for so long with affiliates with the switch to the eBay Partner Network.
Point #8 is the genesis of this article and from what I can determine, outside of OnlineAuction.com's very basic and nearly unusable user affiliate program, no eBay alternative sites are utilizing the power of affiliate marketing.

Effective Affiliate marketing can propel any website to the top of the leaderboard in traffic from buyers in a matter of mere months.  Utilized in the right way an affiliate program will build any sites page rank and inbound links exponentially in a matter of weeks. eBay shared the wealth with affiliates and Google early on and it worked for them in a grand and glorious fashion.

I question why sites who want to tackle the giant of eBay when it has shown its weaknesses have not utilized this simple method of attracting new users and visitors. Affiliate Marketing.

eBay affiliates are a major reason why the company enjoyed success for so long.

With thousands of small sites all feeding traffic in varying amounts to the mothership of eBay. The steady and meteoric growth of eBay was assured.
Every river has its tributaries and if eBay is a river (sorry Amazon) then affiliates are its streams and creeks. Today, those streams have been choked with pollution in the form of EPN and they are seeking a new course.

Which eBay competetor will give those affiliate streams a place to send the water?

Bonanza – Bodacious eBay Competitor Gives Birth to Fresh Merchandising Format

(This is NOT a paid review or advertisement) - Please Note: Since the publication of this article "Bonanzle" has changed their moniker to "Bonanza", the facts remain the same...

Bonanzle (pronounced Bon-an-zle), a start up out of Kirkland Washington, is positioning itself as a viable option to eBay and Craigslist. Bonanzle launched on June 1st, 2008 and is actively recruiting sellers and buyers with grass roots efforts and social media marketing. In less than a month of operations Bonanzle claims an item count of 72,000 and over 2000 registered users (September 16th, 2008).

Bonanzle is a newly launched online marketplace that aims to take what's best about Craigslist and eBay, and build on those to create something that startles and delights its users.
www.bonanzle.com

One new user posted the following comment on powersellersunite.com

I am so happy this was the easiest site that I have ever listed on. I set up & posted 4 items in record time & will be adding more over the next few days. Spectacular & fun....just what many of us have been looking for. Same user ID. Imported feedback, a class act with immediate views all while I am multi-tasking. Thanks !!!!!

Bonanzle promotes itself as the "alternative to lookalike eBay alternatives" (personally I would recommend a better copywriting effort on that tagline). I think they have a point however, what the Bonanzle team have created is a fast and easy to use venue for both buyers and sellers with a fresh inviting new look and attitude.

It is more than an alternative to alternatives, Bonanzle is a new animal entirely.

Bonanzle has taken some of the basic concepts of Craigslist (clean design, fast browsing and minimalistic appearance) and the basic concepts of the original eBay marketplace (a socially built marketplace for online commerce, easy to sell and buy, with a graphically pleasing look) and they have trumped both major venues with features that improve the entire concept of selling and buying at an online Bazaar. Continue reading “Bonanza – Bodacious eBay Competitor Gives Birth to Fresh Merchandising Format” »

Amazon vs eBay? – Cliff Aliperti's Inside Scoop on Amazon FBA

Cliff Aliperti - Guest Blogger

Cliff Aliperti - Guest Blogger

Cliff Aliperti is known in some circles (Twitter - Land) as the eBay buyer/Amazon seller.

Cliff Aliperti specializes in paper goods and collectibles and is a long time eBay seller and buyer. He has a nifty blog/website called "things and other stuff" which focuses on his passion for these items he collects and sells.

Recently Cliff has ventured into the world of Amazon and Amazon FBA as a merchant and he is quite active on Twitter discussing with excitement his daily purchases on eBay and then subsequent sales on Amazon through the FBA program.

I asked Cliff to explain Amazon FBA to our readers here at the Trading Assistant Journal because we are always aware of the desire to look outside of eBay and learn about eBay competition. Naturally Amazon is one of the first places eBay sellers think about when considering a switch.

I think Cliff's frank and honest story reveals two constants.

  • It is not always greener on the other side of the fence - but sometimes it is cooler.
  • The tournament is always easier to win - When you know how to play the game.

I want to extend my personal thanks to Cliff for this amazing insight into Amazon FBA, not only is it a great story, but when told from the perspective of a long time eBay seller it brings the ring of truth rarely found in these types of reviews. Thanks Cliff!

Amazon FBA from a eBay Powersellers perspective: by: Cliff Aliperti

You ever get that feeling that you're dealing with a bunch of idiots who know less about the company that they work for than you do?

This was my start to selling on Amazon.

I'd never sold on Amazon before, wait, that's not true.  At the time of my return in Spring 2008 I had one seller feedback from an old Z-Shops sale back in 2000.  That was almost embarrassing.

Then sometime in 2007 I signed up for one of their web stores under a free trial, quickly became confused, then irritated, then shut down well before the trial was up.  I left shaking my head content to continue selling on eBay.

Then I started reading Randy Smythe's My Blog Utopia! and his adventures with something called FBA and little by little the thought of trying out Amazon one more time sprouted.

Amazon FBA

Amazon FBA

Amazon FBA

FBA is the acronym for Fulfillment by Amazon.  Basically, you take your product, list them for sale on Amazon, click a button to convert them from merchant fulfilled (ie: you pack it up and ship it out after a sale) to fulfilled by Amazon.  Then you just have to put some identifying labels on your goods, box 'em up, ship 'em out, and sit back while Amazon fulfills your customers orders.

The Goods Will Move! Continue reading “Amazon vs eBay? – Cliff Aliperti's Inside Scoop on Amazon FBA” »

Auction Format Dead on eBay – Long Live The Auction

Today a landmark change in listing fees for fixed price format "Buy it Now" items on the original auction Internet site eBay was announced. 

Starting September 17th eBay will charge 35 cents to list any number of the same types of fixed-price items each fixed price item listing will now run for 30 days just as store listings and continue to be included in core search. 

UPDATE: eBay special web page explaining changes here: eBay

Is this move an indicator of the death of auctions on eBay?

Lorrie Norrington, eBay's president of global marketplaces says no, but .... Continue reading “Auction Format Dead on eBay – Long Live The Auction” »

Contribute to an Article about eBay Competition, Amazon, Etsy, OnlineAuction or eCommerce Website?

WritingI am very honored to have been commissioned to research and write an article for a major publication.

This article will focus upon the general interest and the genuine need of eBay centric online merchants to learn about options available to them beyond eBay.

We all know and have discussed the evolution of the eBay system into a new and as yet undefined platform. Much of the old eBay that many merchants relied upon and understood has changed or will change in the near future.

eBay remains a powerhouse of eCommerce traffic and will remain so for some time.  Yet, it has become apparent  to most merchants in the eBay community that relying completely on a single venue may not be the best business plan.  eBay merchants are hungry for information pertaining to diversification of risk and secondary channels.

The question remains, and it seems to be an often asked question... Where do I go, outside of eBay?  What platforms should merchants look to for merchandising inventory online? Continue reading “Contribute to an Article about eBay Competition, Amazon, Etsy, OnlineAuction or eCommerce Website?” »

eBay Competitors – Where to go After DSRs or Best Match?

The winds of change have been blowing...

We all know eBay is moving to a more retail like atmosphere. If your niche or business model does not fit into a retail like experience for the new eBay buyers, as a seller you will soon find it very difficult to survive on eBay.

This is a good thing for a majority of the large titanium PowerSellers now found on the eBay site. It may not be the roots of eBay and it may not be what eBay has promoted over the last 10-12 years, but this is the climate of change you have been hearing about. Big corporations change, evolve, morph themselves into entirely new entities all of the time.

This most recent movement by eBay to a more retail like experience should not be a surprise to anyone. In fact, I have preached here and elsewhere that all sellers on eBay should become more business like and find sources of supply outside of Garage Sales and Church Bazaars...

To survive in business, you must have a plan. eBay seems to be working towards shaping every eBay sellers' business plan to fit a model which will help eBay as much as it helps the majority of sellers they want to keep. One does wonder...what will happen to those sellers they are no longer interested in retaining?

Free Shipping is part of eBay's plan to attract buyers (see Randy Smythe's Blog post today in My Blog Utopia) they plan on encouraging sellers to join with them in this plan by advantaging those sellers who offer free shipping in the Best Match results for search.

If this type of "encouragement" does not fit into your business plan - either because you do not have products which can be easily shipped for free - or simply because you see no margin after offering free shipping after raising your price to accomodate the higher cost, then you may be looking for alternatives to selling on eBay...

Read More about the other options available to sellers here:

eBay Flea Market Closed - Sellers Look for eBay Competition - Where to Sell Now?

eBay Flea Market

eBay competition springs like weeds – 7 day shelf life good for search?

eBay InkOnce again, I was reading eBay Ink (the comments section) and the comments have been keen and well delivered. I started to reply with a comment, but it turned into a blog post...thus I felt placing it here more appropriate.

eBay & Competition & Search

With the spring, like weeds across the fields of Ethernet-connected computers, comes new competition for eBay. I can not count the number of email alerts and direct introductions I get from "new and exciting" online sales portals.  Amazon, Google, Newegg, Abe's Books, Overstock, Online Auctions, Etsy and more...

It used to be that no competitor would waste time trying to chisel into eBays core customer base.   Now they can't build the online portals and tools fast enough. These competitors formerly would not spend the time or development money creating ways for independent sellers to use their services unless they saw a real need.

eBay should be seeing the same possibilities for losing its core customers (sellers) to these other services, no matter how small they may appear now.

The facts used to be that eBay had the best and easiest to use tool available to sell products online...that fact is now part of history.

The eBay focus on search and the buzzword terminologies regarding search has been put in place for a reason. eBay knows that buyers no longer come directly to any site to find the products they want. Buyers now simply use Search (or a search engine), usually from the main Google search box, to find what they want to buy online.

Placing your products on a portal with only a 7 day shelf life disadvantages those products when it comes to buyers finding them via search.

When items are listed in the "core" of eBay, there is precious little time for the products to be found by outside search engines. When eBay was the primary destination where shoppers went to find items, this feature assured eBay's dominance in the marketplace.

The online shopping world is changing however, and people no longer look towards a destination first.  Now they simply look for what they want in a search engine box. They then evaluate the data and select the item they were looking for in the first place, no matter where they find it. eBay must be seeing the light when it comes to search and I would wager they are thinking they need to make drastic changes to retain the traffic they have enjoyed until now.