As the title says, what is a safe percentage should i add on to to the prices of my products to cover the fees taken by bonanza?
|
HobbySquad Reputation: 14 See HobbySquad's booth |
Hello [URL removed]
I’m not sure that a general percentage would be more accurate than adding Bonanza’s minimum fee or your particular advertising fee percentage. I have selected the 9% advertising budget fee, whatever that advertising plan is called (I think the names have changed). Bonanza charges a 0.50 minimum FVF per sale. In order to reach that 0.50 amount at 9%, my product has to sell for 5.50. At that price, Bonanza will get their minimum 0.50 fee. So every product that I sell for under %5.50, I add an automatic 0.50 fee, rather than a 9 fee, because 9% of anything under $5.50 will not = 0.50. Since Bonz’s lowest % fee, for anyone not signed up for an advertising plan, is 3.5%, my fee could actually anywhere from 3.5 – 9%, depending on how I made the sale, or how the buyer learned of the product. Took me a minute to understand it, and I hope this is right. I like to help a lot, but it’s only real help if it’s right, lol!
It can be confusing, so you will find more detailed fee info at Bonanza’s sellers help page [URL removed] [URL removed]
Have a nice day,
Sandi
EmbellishMart
“Embellishments for your crafting, your space & you!”
|
EmbellishMart Reputation: 1450 See EmbellishMart's booth |
I think i see what you are saying…
If i upgrade the advertising to basic, when a person clicks on my product from google shopping, bonanza promotion and trough affiliates and buys my product, i would have to cough up 0.09% to bonanza. Same way with the Elite package, i would have to cough up 0.30%?
Lets say that i bought the elite package. If my vendor/wholesale price is $25.97 (what i paid for it), and if i wanted to make 0.10% profit, i would need to add 0.40% and sell that product for $37.35 to cover the 0.30% bonanza takes, plus make my 0.10%
What if a person that clicks on a product that is being advertised through the elite package, but the person doesn’t buy that product and he buys a product from my booth that wasn’t being advertised, would i need to cough up that 0.30% or would it just be just the 0.03%?
I just relized that i put 0.% Thats how you do it in excel. 0.3% = 30% lol
|
|
HobbySquad Reputation: 14 See HobbySquad's booth |
1 Comment
Viewed: 924 times
Asked: over 8 years ago
Latest response: over 8 years ago
Remember these tips:
- Use links to other sources to support your opinions
- Use examples where possible
- Put yourself in the inquirers shoes: what extra info would be helpful?
Should I post a comment or an answer?
You can only post one answer, so make it count. Maybe your reply is more fitting as a comment instead?
Post an answer for:
- Replies that directly and specifically answer the original question
Post a comment for:
- "Thanks," "Me too," "I agree," or "Works for me" types of replies
- When you would like the original poster to provide more details
- When you have more to add to someone else's question or answer
See also our Roundtable FAQ.
Formatting
Community help posts follow certain formatting guidelines, which may impact the look of your post. If you're interested in tweaking the format, instructions are available here.
2 Comments