Is Bonanza Legit? According To The Better Business Bureau...
Is Bonanza A Legit, Trustworthy & Safe Site To Buy From Today?
Bonanza is a legitimate online selling platform that has been in operation since 2008. However, you would still find mixed reviews from user ratings regarding their services.
Customer service at Bonanza isn’t that great given all the customer complaints they’ve received about the very delayed response they got from them when they contacted Bonanza via email.
They have a fantastic design and concept, particularly for the seller. Buyers can definitely enjoy some benefits as well because it offers a wide range of products to choose from.
While a refund is possible, it can be a time-consuming process since you would need to file a dispute via PayPal to address your complaint. Setting aside this inconvenience, Bonanza is still a decent place to get your favorite product at a lower price than other marketplaces.
So, in this review, we’re going to take a look at multiple aspects of Bonanza to decide if it really is the best work-from-home platform out there.
We’ll talk about whether online selling is the right online business route for you to take.
At the end, I’ll answer some of the most frequently asked questions regarding Bonanza and online business in general.
And most important, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.
This system made me swear off online selling for good, because it uses some of the same skills in a much more powerful and profitable way!
Check Out This Simple Way To Run A Digital Real Estate Empire Online
This is so simple, it should be illegal.
Table of Contents
Competition: None, no bidding is needed
Bonanza Coupon Codes: Not needed
Bonanza Address: 3131 Western Ave Ste 428, Seattle, WA 98121-1028
Phone number: (206) 588-5849
BBB Rating: A+
What Is Bonanza?
Bonanza is an online marketplace where items for sale are listed by their sellers. It’s an online marketplace that connects buyers to your products.
Products are categorized to make the shopping experience easier and convenient for buyers.
Products may be added to the cart for a fixed price by buyers or they can make a counter-offer. Payments are rendered through a secure checkout facility on the Bonanza website.
Bonanza is a popular eBay alternative where you can sell pretty much anything on their site.
It has become a favorite place by many independent handmade product vendors and crafters. This is why you’d find more handmade products in Bonanza that are unique than in eBay, though they hold lesser-known brands than Amazon.
Bonanza understands that its clients sell from other platforms in addition to a WooCommerce or Shopify store. Through Bonanza’s integrations, your products can be conveniently imported from those platforms. This allows you to market them much faster.
According to Bonanza’s analytics, they get more than 5 million visits every month, and Similarweb confirms this figure. That corresponds to slightly more than 150,000 visits each day. This may seem trivial in contrast to Amazon, eBay, and Etsy, but it is not to be overlooked.
If your products are on popular sales channels such as Bonanza and other marketplaces, your chances of getting more sales increase.
The majority of Bonanza’s customers are from the United States. However, with 25 percent of all traffic coming from overseas, it is a growing market. Reportedly, sellers in Bonanza come from more than 200 countries across the globe.
Bonanza Selling Site Features
You might be wondering why you should sell on Bonanza.
The majority of the reviews about Bonanza say that its various features and tools available make selling simpler, faster, and more pleasant.
Other reviews also say that compared to eBay, Bonanza is an easier, fairer, and cheaper marketplace.
There are several features that could become your favorites:
The Product Import feature is the first feature that can make selling so much easier. With this tool, your existing listings can be easily imported Amazon and eBay.
Your whole Amazon or eBay inventory is duplicated to your account in Bonanza in just a few clicks.
This ensures that you have consistent listings across all sales platforms that you have. It makes your entire selling experience efficient and quicker.
eBay Feedback Import
One of the issues you may encounter when using a new marketplace is the lack of trust. If your potential consumers do not know you, they won’t trust your products either.
This is taken care of by Bonanza’s eBay Feedback Importer. This tool analyzes your eBay account and assigns you a ranking based on the last 1000 pages of user reviews.
This ensures that your eBay credibility will be displayed on your new Bonanza account. Consumer trust helps a lot when it comes to sale!
Bonanza has been collaborating with Google for a long time now – all to help you put your brand in front of more users.
Your Bonanza listings can also be showcased in Google Shopping ads for a fee.
This places your listing in front of a massive number of prospective customers, raising the likelihood of it being viewed and eventually sold.
Your listings can also be featured elsewhere, not only in Google Shopping Ads. If you are willing to invest, your Bonanza listings can be seen via the following:
- Bonanza Shoppers
- Bonanza Affiliate Partners
- eBay Customers
- Bing! Users
What this does for you is increase your chances of being seen tenfold by potential buyers – even if they completely don’t know about Bonanza.
Bonanza is aware of the issues that your customers often face. At times, consumers would have a question about a product before they buy it.
The built-in chat in Bonanza, also known as Booth Chatting, addresses this concern.
Through this feature, both buyers and sellers can talk to each other to tackle whatever issue or inquiry there is ASAP, allowing your customer to commit to the purchase sooner.
Chatting also comes in handy when things get a little rough. If you have a dissatisfied client who needs to learn more about your return or refund policy, Live chat can assist them right away, with no need to wait.
Live chat also aids in developing a relationship with your client. This is excellent for branding and establishing a loyal following.
To be a good online seller, it goes without saying that you must have excellent product images. However, not everyone has access to high-quality backgrounds or high-tech editing tools.
This is where Bonanzas Background Burner comes in handy. You may upload the image and use the basic interface to edit the background.
Bonanza Selling Fees
Bonanza does not charge you anything to start a booth and list your items. When your product sells, they only take a small portion of the overall selling price.
Take a look at the chart below:
The higher your commission, the more sales outlets your products will be featured on.
A Bonanza subscription, paid weekly or yearly, is available to more experienced users.
Though Bonanza fees are a bit knotty, it still is far less expensive than selling on giant platforms like Amazon or eBay.
Note that the shipping fee is determined by the seller. Hence, as a buyer, always make it a habit to review the shipping costs before you complete your purchase.
But at this point, I’m sure you realize there are much better programs out there that can help you make A LOT more money.
- Free listing
- Low fees
- Confusing pricing system
- More fees required for competitive products
Getting started With Bonanza Selling Website
Starting on Bonanza is pretty simple.
- You need to let Bonanza know if you have existing marketplaces by going to their “Start Selling” page.
- Choose a name for your booth. Following that, you will be shown your store panel.
- Click on the ‘Open your booth’ button.
- Choose your payment method and provide your personal information.
- Enter your credit card information for billing purposes.
- Choose if you want to pay for your products to be promoted elsewhere. This can be modified later.
- If you want to join the membership, you can decide which one is right for you. However, it is not really needed.
You’re now all set up and ready to sell!
4 Tips For Successful Bonanza Selling
If you want to try out Bonanza, the following are some helpful tips to maximize your use of the platform:
1. Don’t Sell On Just Bonanza.
If Bonanza, or any of the other sales platforms, is the only marketplace where your brand has a presence, it will be difficult to succeed.
According to several consumer Bonanza reviews, ‘I’ve only had a sale a month, Bonanza isn’t fine.’ ArtYah, a common platform similar to Etsy, receives a lot of backlash saying that there are hardly any sales.
This is what happens when you put all of your eggs in one basket. Sell on multiple platforms besides your current web store. There’s Etsy and eBay.
Multichannel marketing is the future of profitable ecommerce businesses.
It also doesn’t hurt to do strategic ads to get the best out of Bonanza.
2. Market Your Own Listings.
Though you can obtain organic Bonanza traffic, you could improve it by being strategic with your marketing activities. Using social media, for example, to direct traffic to your Bonanza listings is one way to do it.
Good news, Bonanza marketplace has an integrated way for you to do exactly that.
Is there another way?
Joining a Facebook Group is another great option you can try.
3. Use Freebies, Coupons & Combined Item Discounts.
This feature is another thing that makes Bonanza stand out from its competitors.
Undisclosed freebies are given away by sellers for each purchase made.
Coupons are one-of-a-kind codes that provide a customer with free delivery or a discount.
Combined product discounts make the final price lower if you purchase more than one product.
4. Use Chat To Build A Relationship.
The built-in chat feature is a brilliant idea. While it’s used to address concerns that your buyers may have, it’s also an excellent way to establish seller-consumer relationships.
It’s an online marketplace that connects buyers to transact directly with you.
You increase your chances of getting more sales if you build trust with your consumers. They are likely to patronize your brand if you have that relationship and a good reputation.
- Unique features to attract more sales and keep the customer satisfied
- Freebies to add value & incentive to your buyers.
- When selling on Bonanza, you would need to invest in marketing.
How To Know If Seller Is Legit
Customer reviews show that not all vendors on Bonanza.com are legitimate.
As in the case of buying anything whether online or not, it always helps to do some research before making a purchase. There are a lot of posers and fake sellers out there who are constantly looking for people to prey on.
One very simple way to protect you from these fraudsters is to consider products that are rated, “Top Rated Seller.”
Bonanza Reviews: Is Bonanza A Scam? Is Bonanza Legit?
No, Bonanza is not a scam and yes, it is a legit online selling platform.
Bonanza received an A+ recommendation from the Better Business Bureau, and it received an average consumer rating of 8.4 out of 10. This clearly implies that Bonanza is not a scam.
It has a large seller base and even a much larger customer base. Millions of purchases have taken place on the Bonanza platform with no issues.
There are, still, a few shady characters here and there which is pretty common in any online business.
Bonanza is proactive in taking down scammers – both shady sellers and buyers.
The Bonanza marketplace connects with only trustworthy and safest payment gateways, the most common of which are PayPal and Amazon Payments.
It is entirely possible to build a profitable, successful online selling business, but there are better options.
Because unlike Bonanza, it actually provides real proof of real success from real people as recently as a few days ago.
What Is Our Top Recommendation For Making Money From Home In 2021?
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
Where Bonanza falls short is in scalability.
You can’t realistically expect to be able to work all hours of the day from home doing cheap little surveys… you’d run out of time.
But what if you leverage it?
With this digital real estate program, you will be getting clicks from multiple sites at every minute of the day and never have to pick up a phone once!
Sound too good to be true? Of course it does! But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
How do you get paid and how much?
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $500 a month!
See why they call it digital real estate now?
That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to answer the phone…all you have to do is get the phone to ring.
Remember Bonanza doesn’t really offer huge profit margins, right?
This one actually allows you to collect big sums without being on the internet all day.
Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group that is so much better than any of the groups you’ll find for other models in our opinion.
This group is much more active.
Unlike Bonanza, where you’re just a slave to time…these websites turn into your employees and they work 24/7. A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike Bonanza, more people have been able to walk away from their 9-5 job as well.
Digital real estate allows you to have total passive income with most of your day being spent WITH your family
Now, I know you probably have tons of questions…