Bonanza’s 12th Anniversary Recap and Q3/Q2 priorities

[whohit]Bonanza’s 12th Anniversary Recap and Q3/Q2 priorities[/whohit]As you already know, the popular e-commerce platform Bonanza was celebrating their 12th birthday, which meant that sellers could obtain membership subscriptions at a discounted rate and participate in their raffle to win various prizes.

Here you can view the recap of this event, published into Bonanza’s blog by their staff member Shelly:

Recently, Bonanza also announced their Q3/Q4 priorities, where they mentioned that the core focus areas will be:

• Compliance & Fraud Reduction
• Revenue & Efficiency
• Community

Here you can view Bonanza’s Road Map for the year 2020:

1. Utilize our new Seller Advisory Panel to provide critical insights & guidance on multiple levels of our business and to bring a voice into the development of upcoming strategic planning.
2. Develop additional payment methods to give our sellers and buyers more choices.
3. Develop advanced dashboards that assist our Loss/Risk Prevention team in providing additional safeguarding methods to protect our marketplace from unsavory sellers and their negative impact on our business reputation.
4. Continue to evolve our system to ensure tax compliance for all sellers.
5. Celebrate BONANZA’s 12th ANNIVERSARY (June 22 – June 29) with contests and prizes! Keep an eye out for next week’s blog post with more details.
6. You’ve provided feedback that our current billing schedule can be difficult to work into a budget and may impact seller cash flow. We are working to convert our monthly billing cycle to a point-of-sale arrangement. Our goal is to simplify your final value fees and billing statement and to reduce credit card charges. We’ll soon be collecting FVF upon the sale of goods.
7. Refresh our Token Rewards Program and update the rewards page. There will be more relevant ways to earn tokens and better selections or prizes to use the tokens you’ve earned. We are also looking to add a Rewards Program for buyers to encourage them to keep coming back to our marketplace!
8. Preparations for a Black Friday and Cyber Monday like never before!
9. Launch new Bonanza marketplace branding & marketing initiatives.
10. Deploy an address validation service to increase shipment delivery accuracy and improve tax compliance.
11. Improve the eBay Importer inventory sync process.

And the full blog post can be found here: