Make Commission-free Sales with Bonanza Promotions

We know you are working hard getting your booth ready for the holidays. You may be feeling stress from the onslaught of events of 2020. We want you to know that we are working hard to make your online business at Bonanza a little bit easier while keeping expenses low.

You may have read Greg's post on commission-free sales. We hope you have had a chance to use those tools. If you don't remember them all, take a moment to check it out. One of the ways he mentions making sales without paying any Final Value Fees is the Bonanza Promotions program. I know it sounds crazy, but we really do have a program where we give our fee away to your buyers. 

Say again?

Bonanza Promotions are a benefit of our advertising program and a great way to get more eyes on the items in your booth at no additional cost to you. Marketed as an “Employee Discount,” we simply forego what we would collect from you in sales commission fees, and pass that amount on as an enticing discount to shoppers.

How does it work?

We advertise your items to Bonanza shoppers via email coupons, dropped cart emails, and booth banner ads. When your item is purchased with an Employee Discount, we waive our commission fee so that your net profit is unaffected. This is how it will look on your billing statement:

This means we will never discount an item by more than we would have collected if it had sold at full price. For example, if your item is listed for $10, we may offer shoppers a coupon to purchase the item for $8 and reduce your commission fees owed by $2.

How can I participate?

You want an easy, effective way to attract buyers and juice sales without impacting your bottom line? Your shoppers will enjoy the sweet deals they receive, and you’ll reap the rewards of increased advertising exposure and a happy customer base. In order to participate, choose a commission level of 9% or higher on your Advertising program page and make sure the checkbox on the Bonanza Promotions button is selected.

To verify or change your settings, log in to your Bonanza account, go to the “Selling” drop-down menu, and select “Advertise items.”

What else should I know?

• This program differs from the discounts or coupons you can manage within your Bonanza Booth Settings (Selling > Booth settings > Discounts & coupons). Those discounts are designed entirely by you at your discretion.
• Bonanza typically collects little, if any, commission on items sold through the Bonanza Promotions channel.
• This program randomly selects buyers with a system on the back end involving dropped carts, etc. Those select shoppers can search for these deals through a custom search tool that works like a coupon, allowing them to shop all items eligible for the Employee Discount Program. The item discount will be applied automatically once they add the item to their cart.
• Sellers who opt into the Bonanza Promotions advertising program will have their Final Value Fees calculated on the full base price of the offer. 
• To discontinue participation in this program, you can opt-out at any time in your Selling > Advertise items page. Uncheck the Bonanza Promotions button shown in the graphic above and save your changes.

Stay tuned

While this program is not new, we do have some great programs coming. We just finished our second external advertising campaign and we've heard back from our community how excited they were to hear the Bonanza name on the radio or see the text messages come through for shoppers. Stay tuned, we're on it!