Bonanza is an online ecommerce platform that is not over populated or outrageously saturated like Etsy, Amazon, or eBay. Do you want to sell on Bonanza and don’t know where to start or what to do? If yes, this article is for you. Read this article till the end to learn what Bonanza is, how it works, and how to drive traffic to your store so you can make huge income.
To Sell on Bonanza:
- Know What Bonanza Is and How it Works
- Understand Items You Can—and Cannot—Sell on Bonanza
- Learn How Much it Costs to Sell on Bonanza
- Know the Benefits of Selling on Bonanza
- Understand How to Get Started on Bonanza
- Learn Important Strategies to Drive Traffic to Your Store
- Understand How to Keep Selling on Bonanza
Happy? So, let’s get started.
1. Know What Bonanza Is and How it Works
To sell on Bonanza, know what the platform is and how it works. Bonanza is an online marketplace where you list and sell products in different categories. It operates similarly to Etsy and eBay. Enjoy lesser competition and easy payment methods selling on Bonanza. Create a great shopping experience for your customers by offering items that best meet their needs.
Selling on Bonanza works like having a small space—your booth—within a big mall where you list and sell your items. Choose any of Bonanza’s booth templates to design and make your store ready to start selling.
Alternatively, use the webstore option to sell on Bonanza. A webstore operates like a specialized store within a bigger mall—Bonanza—where customers can buy specialized items. To run a webstore on Bonanza, pay a fixed monthly fee and gain more freedom to customize your store. Promote and design your webstore to appeal to your target audience on Bonanza.
2. Understand Items You Can—and Cannot—Sell on Bonanza
To make money selling on Bonanza, understand items you can—and cannot—sell on the platform. Before compiling your inventory, check the list of items Bonanza allows you to sell. Don’t get discouraged! Bonanza allows you to sell different items in multiple categories. Some categories to sell in include:
- Health & beauty
- Handbags
- Men’s and women’s
- fashion
- Home & gardening
- Jewelry
- Collectibles & arts
Be careful not to sell items in any of the following categories: - Weapons and similar items
- Adult content
- Cosmetics products
- Dietary supplements
- Drugs and alcohol
- Lottery and gambling items
Click here to see the full list of items Bonanza prohibits on the platform.
3. Learn How Much it Costs to Sell on Bonanza
To sell on Bonanza, learn how much it costs to sell on the platform. Your payment structure is based on the type of store you run on Bonanza. Pay as you sell with the booth store. Don’t forget, the amount you pay is dependent on your sales. Bonanza charges 3.5% on your first sale of $500 or more and 1.5% for subsequent sales. Run a webstore to make a fixed monthly payment—not paid per sale—on Bonanza.
4. Know the Benefits of Selling on Bonanza
To sell your products on Bonanza, understand the benefits of selling on the platform. Pay cheaper service charges on Bonanza than on other marketplaces. Access customer service easily and quickly through the help center.
Pre-size and print your shipping label without any need for further modifications and integrate your store with your choice affiliate network to boost your revenue as you sell on Bonanza. Explore the platform’s marketing strategies to reach and retain your customers.
5. Understand How to Get Started on Bonanza
To run a massive income-generating store on Bonanza, understand how to get started.
- Create your account. Visit www.bonanza.com to create a free account. Provide your email address and password. Check your mail inbox and click on the account confirmatory email from Bonanza to confirm your email address and activate your account.
- Set up your account. Upon activating your account, create your seller profile. Visit your Bonanza’s Homepage dashboard and click on “Sell on Bonanza.” Enter your booth name and username to continue. Input your basic information, including your name, address, etc., and continue the set-up.
- Add your payment method. Add your PayPal or Stripe details to withdraw your earnings on the platform. Then, input your credit card information to pay Bonanza service fees. Click on “Finish Setup.”
- Upload your products. It’s time to start selling. Happy, right? Upload your products in batches or in bulk to your booth. Import from other platforms you sell on—Amazon, Shopify, etc. Don’t forget to upload eye-catching product photos and write a strong description that tells the buyers what your product is all about.
Allow the Bonanza quality control team to review your booth and approve your products—this usually takes 24-48 hours.
6. Learn Important Strategies to Drive Traffic to Your Store
To drive sales and boost revenue selling on Bonanza, learn important strategies to pull traffic to your store.
1. Optimize your listings for SEO
Make your store visible to Bonanza’s algorithm when a user searches for products similar to what you sell. Include your product’s main keyword and related keywords in your product description. This can also boost your performance in search engines, e.g., Google.
2. Upload top-notch product images
Images quality is important. Incite buyers’ interest in your products with quality product images. Take product pictures from different angles and edit them accordingly before uploading. Also, save the pictures using the name of the products. For example, don’t save pictures as Image222.JPG. Rather, use the product’s actual name—yellow foot may.JGP, for example.
3. Use a compelling title
Don’t write your title carelessly. Check how other sellers write their titles and gain insights to write a compelling product title. Add your product’s keyword in the product title.
4. Include the benefits and features of the products
Tell buyers what the product does and how it solves their problems. Connect the product with the buyers’ problem so that they see how the product meets their needs.
5. Pay attention to customer service
Make sure your claim about your product is consistent with the item’s usefulness. Stay alert to answer your buyers’ questions about any of your products and follow up on your customers—if you can—after buying from you to make sure they are enjoying the product.
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7. Understand How to Keep Selling on Bonanza
To keep selling on Bonanza, maintain the platform’s rules and regulations. Ensure you sustain positive reviews from customers on all sales and don’t stay inactive for up to 90 days. Sell to 25+ US buyers within a year and make at least $250 per annum. Fulfil exact items customers order. Upload your transaction tracking number and obey all Bonanza’s policies.
Recap
Bonanza is easy to navigate and creates a seamless experience for users. To get started, know what bonanza is and how it works.
Understand the items you can—and cannot—sell on Bonanza and know the platform’s service fees. Familiarize yourself with the benefits of selling on the platform and understand how to set up your store. Learn important strategies to drive traffic to your store and understand how to keep selling on Bonanza.
