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Unveiling the Future: Bonanza's Exciting Plans for 2024!
BonanzaBrianna Jan 18, 2024

Unveiling the Future: Bonanza's Exciting Plans for 2024!

Happy New Year, Bonanzlers! 

The Bonanza team has a deep appreciation for our sellers. Thank you for working with us to make Bonanza what it is today and helping provide a strong vision for the future. Your support has been invaluable; we recognize that we wouldn't have reached this point without you. And we have big, exciting plans for 2024!

Click on the play button below for a special message from Bonanza's CEO, Quincy Faison!

Our team understands that to thrive in the competitive e-commerce landscape, sellers need access to cutting-edge tools that can help them streamline their operations and reach more customers. This is one of the many reasons for our recent launch of Vercado, by Bonanza. Our webstore builder is packed with all the essential tools so you can build out your business and brand.

For example:

  • Ability to open multiple webstores under one Vercado account

  • Fully integrated accounting software (goodbye Quickbooks!)

  • Cross-platform inventory management

This is just the beginning. Bonanza refuses to remain stagnant, making it an exciting time to be part of the Bonanza community!

With a commitment to sales growth and enhancing the user experience, Bonanza is poised to take the e-commerce industry by storm in 2024.

Thank you for coming along on this journey, we’re so glad you’re here! 

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29 responses to Unveiling the Future: Bonanza's Exciting Plans for 2024!

Elizavella_Designs says: 01/18/24 at 09:16:57

i was hoping you were gonna say you would advertise Bonanza more until that happens this site is still unknown!!!

BonanzaSarah says in response: 01/18/24 at 09:56:30

Hi @Elizavella, we have been doing a lot more advertising for Bonanza on social media sites such as Facebook and other channels. Channels where we can provide targeted ads and track results closely. Our plans for building out advertising and marketing to tell the world about Bonanza are ambitious for 2024. Thanks for the encouragement!

Planet_Earth_Toys says: 01/18/24 at 09:20:33

how much is this going to cost us…?

the last time you said “we love our sellers” you forced us to either pay a Credit Card Processing Fee to print off a shipping label or a $2.00 mandatory shipping fee if we didn’t print the label in order to ship an item.

now this…

here’s an idea: stop

BonanzaSarah says in response: 01/18/24 at 10:02:57

Hi @Planet_Earth_Toys we are proud of providing the lowest credit card processing fee to our sellers. You can avoid the credit card processing fee all together by setting up a shipping fund in your account.

We are even more proud of providing the lowest rates available for FedEx, UPS, and USPS that you can find anywhere. We’ve been fortunate to have sellers take us up on our low price guarantee. So far, our rates have been lower than all of the other shipping service provider rates that sellers have submitted.

We also commit to making additional seller requested shipping updates to how labels are purchased, simplifying the seller settings, and adding low cost international shipping labels. Keep the feedback coming, it only helps us get better and provide our sellers more!

OlikoOliko says: 01/18/24 at 10:06:15

Good! Bonanza needs to attract more buyers

BonanzaSarah says in response: 01/18/24 at 10:09:08

We agree, @OlikoOliko! Seeing double digit growth in buyer traffic and conversions in the second half of 2023 was encouraging that our efforts behind the scenes are paying off. Now we are hard at work on plans to further grow traffic for our sellers through multiple channels and marketing in 2024 and beyond. Bonanza succeeds only when our sellers succeed!

FantasticFinds2014 says: 01/18/24 at 10:13:47

Having been a Bonanza user since before it was Bonanza I have seen the ups and downs of this site, however, if we could actually get traffic to our booths I think that would be an amazing and extremely important step toward success. Bonanza is a great site but if no one knows we exist then it is all for nothing.

BonanzaShelly says in response: 01/19/24 at 12:30:14

Hi FantasticFinds2014,

We are definitely doing more targeted advertising in 2024, we agree how important it is. Thanks for your support since 2009!

Chlp says: 01/18/24 at 10:23:21

Well hope it works as Bonanza really needs to improve

BonanzaSarah says in response: 01/18/24 at 13:39:56

Thanks for the feedback and encouragement to keep improving @Chlp. We are glad that you are on this journey with us to make Bonanza the best marketplace for sellers and buyers!

Hubcityarbitrage says: 01/18/24 at 10:57:40

We just don’t want to be forced to use your labels. Your rates are not lower than other platforms and your shipping label platform takes me 3-4x longer to click through than anywhere else. I refuse to have a fund set up with you, no other site charges extra to not have a fund. You do. It’s an awful decision on your part. Literally, let us print shipping where we choose and import a tracking number without the $2 fee. It’s not difficult.

BonanzaSarah says in response: 01/18/24 at 13:01:52

@Hubcityarbitrage, we’d love for you to take advantage of our lowest rate guarantee if you are finding lower rates elsewhere. You can learn how here: https://support.bonanza.com/hc/en-us/articles/360001346552#h_01HE3Z3R9HNA12PM8PTBAHF15K

Also be on the lookout for an update soon that will simplify the shipping label purchase process. Thanks for your feedback and for selling on Bonanza!

Indizona says: 01/18/24 at 12:29:59

Now if you would just do away with the credit card processing fee for printing labels on the Bonanza site it would be good. Either that, or give us the option of paying with our PayPal funds where the money for the sale went in the first place.

BonanzaShelly says in response: 01/22/24 at 05:44:30

Hi Indizona, thanks for your comment. You can avoid the card processing fee by using your shipping fund onsite. We like your idea of enabling PayPal funds to buy labels, we’ll look into that. Thanks!

KeeneFx says: 01/18/24 at 17:30:25

As an established seller on other platforms (Etsy specifically), the Bonanza listing platform I find is much better, with exception to the 15 second product video option available on Etsy.
My biggest concern and what Bonanza really needs to focus on is customer traffic. Bonanza’s traffic is far below that of Etsy and Ebay. I routinely direct all other platform sales (Etsy, Ebay and Amazon) to Bonanza, but with little to no conversion, which I still can’t wrap my head around since my Bonanza listings in addition to offering more targeted products are also discounted.?

BonanzaShelly says in response: 01/19/24 at 12:39:13

Hi KeeneFx,
Thanks for your feedback. We have increased our advertising for this year and by using targeted ads we expect to see more traffic. Once the Bonanza brand is more widely recognized, conversions will increase. Thanks for your help in getting the word out by directing traffic from other platforms. Your support is much appreciated.

EmpressDepot says: 01/19/24 at 00:09:56

I hope this will bring more traffic but can you explain how it would bring more traffic to Bonanza or am I misunderstanding and this will not help to bring more traffic to Bonanza….


BonanzaShelly says in response: 01/19/24 at 13:52:46

Hi Sharon! The Vercado webstore and order management system give you the versatility to increase your online presence. To bring more traffic to Bonanza we are starting a new targeted advertising program designed specifically to help with brand recognition. Thanks for your continued support!

Fluzyduzy says: 01/19/24 at 01:08:14

Are there any plans to develop an app for phone use?

BonanzaShelly says in response: 01/22/24 at 05:47:31

Absolutely! It’s on the schedule for upcoming projects. Keep an eye on the blog for updates.

TheMages says: 01/19/24 at 06:08:57

Thank you for the update. Looking forward to better times ahead.

BonanzaShelly says in response: 01/22/24 at 05:48:42

You’re very welcome. It is an exciting time to be part of the Bonanza community!

Thingamajig says: 01/19/24 at 07:12:19

Advertise on television and radio.

BonanzaShelly says in response: 01/22/24 at 05:51:16

Thanks for your suggestion. We have an advertising plan in place and are looking to improve name recognition along with bringing buyers to the site.

EmpressDepot says: 01/19/24 at 18:04:14

Looking forward to the targeted advertising program.

rosesylace says: 01/21/24 at 02:00:32

I would love to see more traffic on Bonanza too. I’m a buyer not a seller. Would someone please look into rewards we can cash out at 10,000 and up? It would be nice if those rewards were in larger sizes please. We don’t have anyone in our families who can wear size small, mediam, or large. 1 x is stretching it as far as sizes go. Most of us wear size 2x or larger. These little Oriental sizes where one size fits all has never been helpful to our families. Thank you.

BonanzaShelly says in response: 01/22/24 at 08:11:42

Hi rosesylace. Thanks for your suggestion of improving the rewards, we’ll take a look! We appreciate your feedback and thanks for shopping at Bonanza.

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