Bonza making money
Bonanza's fee structure is a little bit complicated. The good news is that it's free to sign up for an account and there are no listing fees.
However, you will need to factor transaction fees and optional advertising and membership costs into your budget. And because Bonanza is targeted more at a US audience than at sellers based in Australia, you'll need to be mindful that fees are listed in USD.
Bonanza charges a Final Value Fee (FVF) based on what it calls the Final Offer Value (FOV). This FOV is the amount the buyer pays you to purchase an item, plus whatever portion of the shipping fee exceeds $10.
If the FOV is under US$500, this fee is 3.5% for a standard booth.
If the FOV is over US$500, the fee is 3.5% for a standard booth plus a flat 1.5% of the amount over US$500. However, sellers who opt into the Bonanza Promotions advertising program will have their Final Value Fee calculated on the full price of the order, regardless of whether that price is above US$500.
How to find products to sell
The minimum fee on any item is US$0.50.
However, if you decide to opt in to Bonanza's advertising program, the fees mentioned above increase as follows:
Basic: 9% maximum fee. This advertising program allows access to Google Shopping, Bonanza's network of affiliate bloggers and Bonanza Promotions.
Standard: 13% maximum fee. This program includes all the same features but also allows you to publish your booth items to eBay.
Superior: 19% maximum fee. This program includes all of the same shopping channels as the Standard program but adds access to Bing Ads.
Elite: 30% maximum fee. This includes access to all of Bonanza's shopping channels with the extra bonus of a higher ad spend.