Sep. 21st, 2010 at 2:21 PM
News broke this morning that Bonanzle, changing its name to Bonanza, acquired 1000Markets yesterday.
Users on 1kM are up in arms, so to speak, many are saying they will be closing down, or have done so already. I'm sad, as I really like 1kM, even though I mainly used it as more of a portfolio instead of a selling site. But I DID sell there, so that was something at least. And the really ironic part? Views on my shop have skyrocketed these past 2 weeks. Heh.
No forewarning, no inkling that this was happening, nothing until this morning when 1kM users suddenly received an email telling them that 1000Markets would be effectively closed on Sept 30th, start getting ready to move now.
The email went on to say that Bonanza would be a great site to sell on (no, it won't be) and that in the next day or so, we'd get an email detailing how to move our items 'seamlessly'. That gives users less than a week to fully integrate their 1kM shops into Bonanza. Otherwise, they would find themselves locked out of their own 1kM accounts by 5pm Pacific Time, Sept 30th.
From everything I've been reading and looking at the Bonanza site myself, I've come to the conclusion, that, yes, it is rather like a 'flea market' site, as it was described.
Others say it's hard to navigate, hard to search and just plain ugly.
Forums on Etsy, Artfire and 1000Markets- as linked above- are full of sentiments like this.
Having done a bit of exploring on the Bonanza site myself, I find I cannot and will not compete with mass market sellers, blatant resellers, flea market finds, hell, even magazine subscriptions to magazines I already HAVE or HAD a subscription too! ( I kid you not.)
My OOAK items would not and do not fit in there unlike what 1000Markets claims. Therefore, I will not be making the transfer over. Currently, after my 1kM shop closes, I will be only at Etsy and Artfire. I may reopen either the Big Cartel shop or check out Zibbet or Ruby Lane.
What does this mean? Well, for YOU, it means a huge sale on 1000Markets! Before I close the shop or let 1kM close it, I want to try to sell things first.
Get it while the gettings good.