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Bonanzle Claim To Possess The Soul Of eBay

Kirkland, WA, September 23, 2008 – In July of 2008, eBay struck a deal with web mega-retailer Buy.com that allows Buy.com to sell millions of books, DVDs, electronics and other items on eBay with a much lower fee structure than is paid by the typical eBay user.

This move was not welcome by the core eBay community, which helped define eBay in the early days as a sort of “dynamic garage sale.” These sellers that counted on eBay for their livelihood are now being pushed out by a deal that puts them on an uneven playing field with Buy.com. Many sellers believe this agreement sends a clear message that eBay is no longer interested in the unique items that so many sellers had peddled to build up eBay during its formative days.

For many sellers, the silver lining in this cloud has been the recent move by startup Bonanzle to brand itself as a “place to find everything but the ordinary.” Explains founder Bill Harding, “It is no secret to buyers that Amazon already provides a great way to find and buy newer, mass-produced items. It’s the unique items, the collectibles, the designer clothing and purses, the memorabilia, that neither Amazon, nor eBay, nor anyone else, is catering to. In contrast, at Bonanzle, the small seller with unique items is the only party we cater to. Buyers will recognize Bonanzle as the place to go when they want a unique item, and our sellers will prosper.”

So far, Harding has been right. In the last month alone, Bonanzle has gone from about 5,000 listings to more than 110,000 at the time of this release. This inventory total is comprised largely of relatively small sellers with unique items that they are expert in understanding. This phenomenon has led marketplace expert Randy Smythe to recently remark in his popular My Blog Utopia, “You can find eBay’s Soul at Bonanzle.” Smythe goes on to point out that “During eBay's formative years, the site grew as sellers sold their wares to other sellers. It was a real trading community… that changed after they went public… you might say they’ve lost their soul.”

Bonanzle sellers, eager to escape eBay’s moves against smaller stores, have collectively rolled up their sleeves to help build Bonanzle as their new home. Bonanzle Forums are regularly filled with sellers collaborating on grassroots marketing ideas, including one recent thread that had more than 50 sellers volunteering their personal time and resources to promote Bonanzle. As Bonanzle seller cleosgreatdeals puts it, “The unique item market is what Pierre had in mind for eBay and it worked for many years. When it stopped working for us it was time to move into a new marketplace and learn about promoting.”

You can comment about Bonanzle in our auction forums.

To find more blog posts about Bonanzle visit the Bonanzle page at Auction Buzz.



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