ALERT

[WEBINAR] Building a Business-Driven Data Architecture

Bonanza

Definition - What does Bonanza mean?

Bonanza is an online marketplace that permits its users to sell everything from antiques to electronics. Bonanza is similar to eBay, but its focus is on unique items. The company claims to have similar items to those that may be found at a street fair, although virtually any merchandise is available on the site.

Bonanza is also a virtual Web 2.0 community where sellers can engage in online, real-time chat. Prior to September 2010, Bonanza was known as Bonanzle.

Techopedia explains Bonanza

Sellers on the Bonanza.com website can save up to 50 percent on items they wish to purchase based on their own sales. The site also offers "freebies", in which sellers agree to give away certain items with purchases over a certain amount.

In September 2010, the company acquired 1000 Markets, which specializes in artisan merchandise. Bonanza (then called Bonanzle) was founded in 2008 by Bill Harding out of Seattle.

The website is user friendly and broadens its inventory by importing items from other online storefronts like eBay. It also contains an online imaging tool for uploading and editing merchandise photos. Sellers can display their items in a booth, which is similar to having their own online store.

Bonanza.com is typically described as an eBay alternative and as of late 2010, it had registered 300,000 users and 3.4 million sale items.

Connect with us

Techopedia on Linkedin
Techopedia on Linkedin
Tweat cdn.techopedia.com
"Techopedia" on Twitter


'@Techopedia'
Sign up for Techopedia's Free Newsletter!

Email Newsletter

Join thousands of others with our weekly newsletter

Resources
Free Whitepaper: The Path to Hybrid Cloud
Free Whitepaper: The Path to Hybrid Cloud:
The Path to Hybrid Cloud: Intelligent Bursting To Amazon Web Services & Microsoft Azure
Free E-Book: Public Cloud Guide
Free E-Book: Public Cloud Guide:
This white paper is for leaders of Operations, Engineering, or Infrastructure teams who are creating or executing an IT roadmap.
Free Tool: Virtual Health Monitor
Free Tool: Virtual Health Monitor:
Virtual Health Monitor is a free virtualization monitoring and reporting tool for VMware, Hyper-V, RHEV, and XenServer environments.
Free 30 Day Trial – Turbonomic
Free 30 Day Trial – Turbonomic:
Turbonomic delivers an autonomic platform where virtual and cloud environments self-manage in real-time to assure application performance.