GoDaddy Marketplace Takes on eBay, Amazon and Yahoo
In direct competition with eBay, Amazon.com, and Yahoo, domain registrar Go Daddy launched a marketplace “Go Daddy Marketplace” for people to buy and sell goods online.
Users can set up stores and upload products. GoDaddy will handle all payments and notify sellers whenever a product is sold. Marketplace will integrate with other GoDaddy products, such as allowing users of its Quick Shopping Cart to import product listings.
By launching the marketplace, GoDaddy hopes to capitalize on its massive web site traffic, which it describes as “millions of Go Daddy visitors”. GoDaddy would be smart to syndicate product listings across domains that currently have Go Daddy parked pages on them, too.
The service seems to compete with Yahoo! Stores, Amazon Marketplace, and eBay’s fixed price listings and stores.
The service costs $4.99 per month plus a 10% commission on products sold. Pricing seems fairly comparable to Amazon Marketplace, which doesn’t charge a monthly fee or listing fee but collects a per transaction fee of 99 cents, a sales commission of 6%-12%, and a variable closing fee. Both eBay Stores and Yahoo! Stores have higher monthly fees, although eBay does offer a pay-per-item fixed price sales option.
See Go Daddy Mareketplace for detail…
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Who wants another Amazon? You should take a look at Bonanzle! This fast growing site is warm and friendly and most of all fun, for buyers and sellers alike! I love the clean interface and look at these final value fees:
Price of accepted offer:
Less than $10 Free!
Less than $50 $1
Less than $100 $3
Less than $1000 $5
$1000 or more $10
How about NO listing fees and a FREE store with super easy set-up and excellent support? What more could you ask for? I LOVE Bonanzle and I think you will too!
Suzy
http://www.bonanzle.com/booths/justmehobbit
Hay Suzy,
You got a nice booth on Bonanzle.com, love the dog clothing. I’m watching that company for a few month now and I know that got great potential and they seems more rewarding than eBay and Amazon.com. What I think Bonanzle needs to do now is some aggressive marketing to expand market share.
I ment to write a review about Bonanzle, But I got about 75 company to do first, if you got a review I could post it on this blog with your booth address for reference.
I just don’t see why to go the GoDaddy way when I joined up with a site called Bonanzle back on Oct. 31st 2008 and have been doing so well. In my short time there I have seen the new members skyrocket, sales increase all of the time and I don’t have to pay anything but a small final value fee when things sell. I think I will be sticking with the grassroots Bonanzle site. Unfortunately I have had big business (like the big E) play too many games with me. Bonanzle owners Bill & Mark have proven to me and many others Bonanzle is where we want to be.
On Bonanzle the site owners actually speak to you in the forums, personally reply to your messages and really listen to their users. That is the kind of site I want to be a part of NOT another big business where they take my money even if I am not seeing results.
GoDaddy is going to charge users 4.99 a month before even showing you any kind of results. If they believe in their service then I would think GoDaddys 10% final value fee would be plenty for them, unless they are just covering their butts for when nothing sells they still have made money off of you….. unlike Bonanzle where they don’t make me pay anything in order for me to use their site, list my items etc. Bonanzle obviously has faith in their site and only charge you a small final fee when you sell something so I have faith in Bonanzle.
So far in a very short time there I have sold over 150 items, gotten loads of great deals when buying and made many friends.
So no, I see no reason to try again with big business such as GoDaddy paying them before even seeing what THEY will do for me sales wise.
One more thing. Bonanzle’s growth has surpassed by a long shot where eBay was when they were the same age as Bonanzle, that says HUGE amounts right there!
just had to add that. The whole idea of GoDaddy going at it and charging per month when there is Bonanzle just seems insane to me
Point taken, but I still think that Bonanzle alone can’t take on eBay force. Only if Bonanzle would do a little more aggressive marketing.
I have to give it to Bonanzle, they have a very social community, the platform is more user friendly.
What I’m waiting on is to see a company like Google comes out with a online marketplace so we can have a balance and not have eBay take a majority of the market share.
150 item is very impressive, what do you sell? do you have a booth link?
When I think GoDaddy, I think of nothing other than to purchase a domain name. Not to go shopping.
Bonanzle has no listing fees, no booth fees and the final value fees are next to nothing. You are free to except payment types you choose. Close to a million listings and over 23,000 users with no marketing other than the grassroots efforts of the community.
It took e-bay 2 years to hit a million listings, Bonanzle 5 months.
Personally, I think Bonanzle is great and its all good. The low fee’s for sellers I think is just to build customer base in the early days and attracted business, soon you will notice fee’s will start to increase…
In the business world, they called it bait and switch. That’s why I personally welcome GoDaddy Marketplace, we need competition to keep the marketplace fair.
When Godaddy notice sellers are going else where, they will force to make adjustment to fees and way of doing business…
I don’t believe they will ever charge listing fees on Bonanzle as a matter of fact I think it is somewhere in there when signing up I would have to check it out. Bill & Mark far from strike me as bait and switch type people.
I see where you coming from but I personally for myself just wont go the big business route again and I feel I am doing good and sales are increasing all of the time. The numbers are looking awesome, members and items. The growth rate is amazing.
I sell a bit of everything odds and ends, ya just never know what I might list lol and yes I do have a booth link. I actually have two booths but the book booth I have not put too much work into other than getting some books in there
http://bonanzle.com/kimskorner is my main booth
http://bonanzle.com/kimskornerbooks is my book booth (still young)
I think to sell anywhere right now and make sales regularly you have to be open to spreading out and having as much as possible to offer your customers. That is what I attempt to do. I will admit I have been slacking on listing as much as I should lately, but even with that still have sales coming in. Not just from Bonanzle but people finding my items in google and coming and signing up for Bonanzle just to purchase. I imagine those people, or at least a good portion of them come back again, and again checking out other items and booths as well.
I am very curious to see in a year or two’s time where everything stands as far as online sales/auctions/booths type sites. I really do think Bonanzle will be right up there it is my honest whole hearted feelings on it.
When I think GoDaddy too I think of domains and websites, which I think they do decent with. I pay them for that. I just refuse to pay them a monthly fee for something to attempt to make sales and just go on blind faith that I will make sales.
This is just my opinion though.
You got a nice little thing going on Bonanzle… I think i’m going to open a store, I got some things to sell
You are very smart KiM…seems you repackage the cat food and selling in smaller affordable package. In these hard times, your little business is what people need.
Why I never thought about your idea.
It also seems you got some hard to find books…
Bonanzel got 23,401 members, WoW, six month ago they did only have about 12,000, they really come a long way.
Oh no no , no repackaging cat food. Our treats our Organic Natural treats freshly made by us
We don’t give our own cat’s store bought treats not with all those recalls.
The book booth needs a lot of work honestly.
Yes Bonanzle has come a long way, thats what I was saying. The growth is just amazing. I just am really excited to see how it is growing and cannot wait to see where it is say a year from now.
I’m sorry about that…I didn’t notice. The way the picture taken, I was thinking you bought in large quantity then repackage.
I wish you all the best with your business, I will keep monitoring your progress. I will try and see if I can get my store going.
Thank you, that is okay. Looking at the pictures I can see how that could be mistaken.
If you set a booth up drop me a message over there I would love to stop by and browse and maybe shop a little.
Very nice meeting you
I’m not surprised by attitudes like Taffe’s, I think that cynicism about a new marketplace is a very justified reaction, given the years of mistreatment sellers have received at other sites.
That’s why when we created Bonanzle’s fee structure, we specifically guaranteed that it will not change through 2010. That’s two years away — generations in ecommerce time. At Bonanzle’s current rate of growth, it would be a very significant force in online marketplaces by then.
Will our fees *ever* change? Well, duh, yes. But just because other marketplaces have reamed their sellers with a steady stream of policy changes and fee increases doesn’t mean we have to. Raising listing prices is one factor that gives new sites like Bonanzle the opportunity to take hold. I’d like to be able to keep our fees as reasonable as possible, both because they don’t need to be that high if we’re not wasting money on ineffective marketing, and because, if we spend smart, we can.
Cheers,
Bill Harding
Completely Unbiased Founder
Bonanzle
Bill, your point well taken. My judgment wasn’t of any facts, it was of past experience of what I notice most company have done when starting out and need to build a customer base.
Sometime they will even do business at a lost just to build customer base. Once customer base is built, then they sneak in advertising or some sort of fee’s.
Example, Twitter.com not charging any fee’s or showing advertising, but I’m predicting that by the end of 2009, you are sure to start seeing some sort of advertising. Not to say a company shouldn’t make money, I’m kind of proving my bait and switch point.
I should have done a little more research on your policy and business practice. I like the business structure of Bonanzle and the simplicity the platform.
Fee’s will increase base on inflation and economy performance. You can’t be in business if you cant cover cost but lets hope when you have over 500,000 members we don’t start seeing listing fees, final value fee, store fee, picture fee, word count fee, bold fee, search first page fee and the list goes on.
One thing I notice about Bonanzle and its that I don’t see any advertising of Bonanzle or branding in the main stream. Its mostly word of mouth advertising.
I got Bonanzle on my list and I will do a full review of your company soon and post my findings.
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