Wednesday, February 18, 2009

My Response to a Query about the Future of eBay

Good afternoon! I just read a very interesting article which ponders the future of eBay (as its next annual shareholder meeting is only two months away) over at The Motley Fool called "Give eBay a Kick in the Pants" and I thought it was an article worthy of commentary. Here is my response to the article:

On February 18, 2009, at 2:58 PM, CityChic wrote:

What should eBay do? lol - It's way too late for eBay to do anything. The good news is we don't need eBay to do anything anymore as we now have a new and better venue to buy and sell and that is

Like others before me have said is the place to be. Bonanzle is growing faster than you can imagine - but if you come over and check it out, you won't have to imagine... Former eBay buyers and sellers are fleeing there by the thousands at a record pace.

So eBay, don't worry, you don't have to do anything to try to recover, because quite simply, we don't need you anymore. has solved your problems for you.

I think the above pretty much sums it up it for eBay, don't you?

Tuesday, February 17, 2009

So, Where is Bonanzle Now?

I last posted about a little less than three months ago (November 24, 2008 to be exact). At the time of that posting I was just a "newbie" member of this cute little on-line marketplace called "Bonanzle." I remember writing at the time that we had almost 10,000 members. WOW!

So, where is Bonanzle now? Let me proudly tell you that this little on-line marketplace has grown, boy has she grown. Bonanzle now has almost 31,000 registered members, and over one million listings! In fact, at the time of this writing, according to Bonanzle has 1,311,137 listings to be precise (and that number is rising at an incredible rate of speed). Bonanzle is nipping at the heels of the behemoth (that would be eBay - as if you didn't know that). Not only is Bonanzle currently in 4th place on PSU (perhaps 3rd place - they don't seem to count ebid?), Bonanzle wasn't even on the PSU list a mere month ago. I'm not really sure why, maybe it was too small to be worth putting on the "radar" for serious buyers and sellers. Well, it's there now and it deserves to be there.

It is with great amazement and pride that I watch the stunning growth of Bonanzle. I like a "good" story with a happy ending.

It is not necessary to rehash all of the gory details of the many sellers, Powersellers and buyers who "broke-up" or are currently trying to "break-up" with eBay. But, if you are not familiar with the sad story of the relationship between eBay and its users, let me just tell you it had to do with being treated in a way you wouldn't want to be treated in a business relationship, or any relationship for that matter.

So for over a year now, fleeing eBay sellers and buyers alike have been looking for "the place." That "place" that would replace what eBay took away from us. That "place" has finally been discovered and it is REAL. It is not just a mirage or a dream anymore. It exists, it really does, in the form of

Normally, I would end my little synopsis, update, whatever you want to call it right here, you know, keep it short and sweet. But I know that people who are unfamiliar with are going to have a few questions, the most important and common question being "Do your items sell there?" Blunt, to the point, and understandable. I will answer you from my own personal knowledge. the answer is a resounding "YES!" I have been a seller on Bonanzle now for three months. My Booth's name is "CityChic's Booth." If you visit me there, you will see I have about 185 items listed in my shop. I have always had between 140-190 items available for sale at any one time. I can proudly tell you that to date I have sold 100 items and that in fact, this week, I sold more items on Bonanzle than I did on eBay (yes, I am still a Powerseller there as well). I know other sellers on Bonanzle who have sold MORE than I have and many other sellers who are selling at a more consistent pace every day. If you are a seller looking for a new home for your wares, Bonanzle is the place to be.

Not only is Bonanzle the fastest-growing new on-line marketplace where individual sellers share a venue, it is also the friendliest. Bonanzle stands heads above any other site you have visited in terms of its interactive and friendly community. You see, one thing that Bonanzle has that eBay simply put, does not, is customer support. If you have a question as a Buyer or Seller, you will be answered by a member of the Bonanzle support team in record time, usually by one of its owners, Bill Harding or Mark Dorsey. What other site boasts such incredible service? None that I can think of.

A little earlier I said I like a good story with a happy ending. Bonanzle is far from ending, it is just beginning. What is ending is the relentless quest for a new on-line selling venue that works so reliance on eBay is no longer necessary. The happy ending is that there finally is another place to successfully run your on-line business and buy really cool things at great prices.