Online shopping made huge leap in the recent years, I mean who wouldn’t get hooked? It is convenient and generally cheaper than physical stores.
Apps such as Shopify and Amazon became a trend and many wanted to become one of their sellers or open their own online shop.
Though as exciting as may it sound, the competition grew wider and some shops had minimal to less costumers.
But if you want to be an online seller you don’t actually have to fear because I have a few great alternatives for you, and one of them is Bonanza.
Bonanza, like any other online marketplace, will give you the chance to promote your products in a safe environment.
And as a buyer, you’ll get a chance to leave seller reviews and even negative reviews about the shop.
Another great thing is that Bonanza won’t take all the private info from your card, that’s why you’re sure that you’re in great hands.
But if you still aren’t sure about Bonanza, you can check this review out for further details.
But before that, I think you should check this out…
There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like Bonanza. Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple upsells in order to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most programs out there make it hard to make money at first and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable, and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Inventory
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent monthly revenues (from a couple of thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Leasing.
This is nothing like business type, and that’s probably a good thing.
However, if you’d still like to know more about Bonanza, keep reading.
About Bonanza
Website: https://www.bonanza.com
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
Facebook: facebook.com/BonanzaMarket
BBB Rating: A+
Payment Transactions: Any bank account, PayPal and Amazon payments
What Is Bonanza?
Bonanza is an online marketplace where vendors post their things for sale. It’s a website that links buyers with your stuff.
Products are classified to make buying simpler and more convenient for customers.
Buyers may add products to their basket for a set price or make a counter-offer. Payments are made using the Bonanza website’s secure checkout mechanism.
Bonanza is a well-known eBay alternative where you can sell almost anything.
Many independent handcrafted goods dealers and craftspeople have made it a favored spot. This is why Bonanza has more handcrafted items that are distinctive than eBay, even if they carry lesser-known brands than Amazon.
Bonanza knows that its customers sell on platforms other than WooCommerce or Shopify. Your items may be easily imported from such sites using Bonanza’s connections. This enables you to promote them much more quickly.
Bonanza Stats
According to Bonanza’s stats, they are swarmed over 5 million visitors every month, which is confirmed by Similarweb. This equates to somewhat more than 150,000 visitors every day. This may seem little in comparison to Amazon, eBay, and Etsy, but it should not be neglected.
Your prospects of increasing sales grow if your items are available on major sales channels such as Bonanza and other marketplaces.
Bonanza’s consumers are mostly from the United States. However, with 25% of all traffic originating from outside the country, it is a rising market. According to reports, Bonanza merchants originate from more than 200 nations across the world.
Bonanza Selling Site Features
Perhaps you’re wondering why you should sell on Bonanza.
The majority of Bonanza reviews state that the different features and tools provided make selling easier, quicker, and more enjoyable.
Other evaluations claim that, as compared to eBay, Bonanza is a simpler, more equitable, and more affordable marketplace.
There are various features that may become favorites of yours:
Product Import
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!
Google AdWords
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.
Paid Traffic
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.
Chat
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.
Picture Burner
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.
Advantages:
- Free listing
- Low fees
Disadvantages:
- Confusing pricing system
- More fees required for competitive products
Getting Started With Bonanza Online 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.
Advantages:
- Unique features to attract more sales and keep the customer satisfied
- Freebies to add value & incentive to your buyers.
Disadvantage:
- When selling on Bonanza, you would need to invest in marketing.
How To Know If Seller Is Legit?
A sad thing about Bonanza is that there are reviews saying not all vendors are legit.
Though like any other typical case of online shopping, it always good to do some research before making any other transactions. We all know that there are a lot of posers and fake sellers who are on the look for people who they can scam.
And one of the simplest but easiest way is to consider “Top Rated Sellers”
Is Bonanza A Scam?
So, is Bonanza a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months, and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Leasing.
And you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection are all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.
Are There Alternatives To Bonanza?
Yes, there are plenty of programs and resources to choose from if you want to pursue this business model. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2024?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business,” the research IS conclusive:
Digital Leasing is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online or been in this space for a while but never really “made it,” Digital Leasing is for you.
Why?
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full-time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With business type, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Leasing, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Alright, so most (course type/business) doesn’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.
And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.
Imagine finally landing your first customer and losing them after one sale because they had to wait 6 weeks to get their order.
With Digital Leasing, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 monthly in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Bonanza, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
6) Make Money Helping Real People: With Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Bonanza which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms, thanks to Digital Leasing.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.
