New added feature??? Lexity??

sounds interesting Gladys.

so what exactly is this lexity thingy ?

I thought maybe it was like sitemeter but it’s not

I found this video http://www.youtube.com/watch?v=EzpbsyshY7c&feature=player_embedded

I just want to know if this is for us sellers? Paid sellers or for Bonz?

I tried it yesterday and thought maybe it was for paid members only.

What is Lexity’s pricing?
Last Updated: Jun 07, 2012 05:40PM PDT
When you set up your store with Lexity, you’ll be asked to choose which themes you’d like to use to advertise. (Learn more about Lexity’s thematic advertising.) Each theme you select will have its own ad budget and own billing cycle, which begins when the ad campaigns for that theme are activated. For a particular theme:

Total = ad budget + our 15% service fee

No fees for 3 months
We waive our service fee for the first 3 months!

What’s Lexity’s 15% service fee?
Lexity’s service fee is equivalent to 15% of the ad budget you ask us to manage for you. For example, if you ask Lexity to manage a monthly ad budget of $1000, our service fee is $150 for managing that budget, for a total of $1150/month.

We never take money from your ad budget for ourselves—your ad budget is only used to pay ad networks to advertise your store. Anything unused at the end of a billing period will roll over to the next. It is pre-allocated to advertising channels at the beginning of each monthly cycle, and is therefore non-refundable, as we do not keep it.

What’s the minimum/maximum you can spend?
The minimum ad budget you can set is $20/month for our Shopping Feed marketing option. For our Shopping Feed + Search Marketing option our minimum is $500/month. We’ve found that spending less than that won’t get you results that are measurable. The maximum monthly ad budget you can set is $10,000/month. That’s right — we won’t even work with companies that have more than $10k to spend a month – we want to focus squarely on making small businesses like you successful.

We’re confident you won’t find a better solution. If, after 3 months of using Lexity, you try out something else and it makes you more sales, man or machine, we’ll refund our 15% service fee (which means we’re working for free). Here are the details of our Best Results Guarantee: http://support.lexity.com/customer/portal/articles/119181-best-results-guarantee

15%, what?? If I’m going to have to pay 15% to get advertisement I might as well go back to ebay or am I understanding this wrong?

wow….

I signed up but got an ‘opps’ error when trying to make it work. Requires javascript which Bonz doesn’t allow
Yes that has happened to me too.
What email notice? I didnt get one. what did it say?

Paula, there was no blurb notice or other, it was hidden under the Help button, there is a “what’s new” or similar title there.

wow.. 15% plus the other fees.. wow wow wow

Well, let’s say someone tries out the $500 per month deal. After all, as Lexity says, spending less than that won’t get you “measurable” results, heh, heh.

For the sake of argument, we’ll also say that the average earnings from a sale are $25.00, of which your gross profit is $15.00, before expenses. Shipping and PayPal fees eat up another $8.00. So now, you’ve got $7.00 in your pocket. So, how many sales at an average profit of $7.00 each will you need to pay for your Lexity deal, at the recommended minimum of $500.00 per month? Answer – about 71. That is, you’d need about $1,800 in sales per month to pay for the advertising. Everything after that is “gravy.”

For most people, throwing 5 bills on the table every month is a bit of a stretch, doncha think?

But, wait wait! There’s MORE. With ME, there is ALWAYS more. There may YET be a way to make this work. Here are 2 possible scenarios that might make the whole thing workable:

1. Bonz sets up a membership level which includes, say, $10 per month to go to advertising. If 50 people jump on it, there’s your $500.00 per month. Those 50 have their items (or some of their items) pipelined onto a separate web page with listings pointing back to each seller’s booth. Lexity places the ads for that site. Just for fun, we’ll say that Bonz pays the 15% fee for this work. Now, those who paid the memberships have the benefit (unknown, as yet) of the advertising they have so longed for.
2. Some enterprising sellers get together and start a new web site, at a cost of about $100.00 per year. And they do basically the same thing as I described above, chipping in pro rata to the $500.00 plus 15% fee.

Offered for your consideration. . .

Hi friends, I’m Michelle from Lexity and we noticed you guys were talking about Lexity here on Bonanza—that’s great

Please keep your ears open, we’re expecting Bonanza to announce some exciting news very soon about Lexity!

In the meantime, I was hoping to introduce myself and my company to you all and let you know a little about the simple, affordable and effective marketing apps we offer, like Quick Chat, Pinterest Report and Shopping Feeds.

I’m just thrilled to join the Bonanza community and receive such a warm welcome! Looking forward to getting to know you all.

Hi Sheenys-Shack,

This is a super-friendly forum! Thanks, and I am really excited for the announcement, too.

Well after all the years we’ve BEEN asking for some kind of advertising, I’m hoping to actually SEE some finally.
IF
that’s what’s happening, but due to all the disappointments in the past, I don’t believe I’ll hold my breath but will stay tuned. And hello Michelle

Waiting……….