OnBuy to rival ebay/amazon?

groovyjon

Free Member
Jun 12, 2008
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There was another thread on here about OnBuy but it won't let me add to it because it's too old.

OnBuy are planning to launch on 1st Nov and then take on ebay and amazon. Sellers get charged £22 per month, no listing fees but a "small" percentage of selling price.

Apparenty, 30,000 products already registered on there. Still a fraction of the amount on their competitors' sites though.
 

mconridge

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Nov 22, 2006
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There were a few that have attempted to 'dethrone' EBay and have failed. EBid gave it a good try and Tazbar gave up. I think the key to it is 'Why would a BUYER go to a rival instead of EBay?' EBay with Paypal give the buyer all the protection they need, no reason to go to any other auction site currently.
 
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OnBuy Team

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Jul 30, 2013
9
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Hi Everyone,

The OnBuy Team spotted your thread, and wanted to get back to you all :D

Our project, although young, has great aspirations for the future, and the future of the UK. OnBuy.co.uk is not a bidding site, but is a hub for retailer businesses to sell their goods at a lower price than that of the large marketplaces out there.

We launched to sellers on the 26th of July (last Friday) so we can collaborate with them before the public launch on November 1st - a lot of time has gone into planning the release of the site to sellers, so they can get to know us, and our plans for the future. This is of paramount for us since we hope to build a more personal and approachable service for sellers and buyers.

We've integrated 30,000 products, for the purposes of the demo site, so far - this only accounts for a small handful of sellers (around 20, or so) we'll be working with. We are collating the rest of our seller's products, ready for the November launch - We're aiming to reach 1Million products by then, which we are well on course for :)

One of our wider aims, is to help get Britain back into economic shape; it's very important to us. We love our country and would be very pleased to be a part of stabilising some of the money worries the UK public has.

I hope this has cleared up any confusion - and please - if you have any more questions, we'd be happy to answer them for you!

- OnBuy Team
 
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OnBuy Team

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Jul 30, 2013
9
1
Hi Mconridge,


Thanks for asking a very good question, we were really hoping we could get some great questions and feedback here, and this is certainly one the OnBuy Team would like to talk about. Our launch to the public is not for a little while yet, but we don't mind sharing a few of the reasons we created OnBuy for the public.


We hope consumers will opt to buy from the OnBuy marketplace because of a few essential things.


1. 1. OnBuy wanted to create absolute protection for customers, which is very unlike other marketplaces. Some disputes have expiry dates, and sometimes have various road blocks before being able to fix problems between customers and sellers. OnBuy will be different. We promise to protect customers, through seller vetting processes, and will always make good with disputes; especially in terms of money - We'll make sure customers never suffer a loss because of a genuine dispute, or if they are victims of fraud. We want to do this because we want to ensure all customers shopping with OnBuy have absolute confidence in our marketplace, without any doubt.

2. 2. OnBuy will have a great benefit over larger marketplaces, in terms of product price - since we charge our sellers very little to list thousands of products, the customer will benefit from much lower prices - the sellers will not be forced to drive their prices higher, because of large listing overheads. They'll save thousands of pounds, and in turn so will the public. We will constantly be work closely with our sellers, so that prices are always going to be at their best.

3. 3. And lastly, but certainly not least, we have the UK's best interest in mind. We're hoping that, once people understand our motivation to help shift substantial amounts of money back into the UK, through buying through a British marketplace, they will want to use OnBuy.

Imagine the savings - If we manage to achieve our goals, the whole of the UK will benefit enormously. The economy may be rejuvenated, which may have untold benefits in the future, and customers will save on their consumptions!

We have a really great vision, and take great joy in this project; we need the support of the British public in order for it to happen. We know it's no easy task to compete with large and established marketplaces, but know it could be hugely beneficial to sellers, buyers and the UK, if people decided to get on board and try OnBuy for themselves. If you do want to check out the site, the web address is onbuy.co.uk. There's a link at the bottom left, which will take you through to the demo. We would love to know what you think

Wow - Sorry for the essay Mconridge! We do want to be as explanatory as we can :)

If you have any more questions, keep them coming - we'd be happy to answer anything for you.
 
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charlesdupont

Hi Onbuy team,

Great to get some insights directly from yourselves!

I have some experience in dealing with marketplaces, and I think you guys have an interesting story to tell - I hope it picks up.

I was trying to understand how you planned on achieving lower prices than, say Amazon, it would be great to get some extra detail from yourselves.

Your first point is great, and an absolute necessity to build loyal customer relationships and a large client base - however, it seems like this will correspond to an increased in your operations cost per transaction. Will those costs be incurred by sellers as well? Since your rates are very very close to Amazon's, if sellers have to take on more risk to account for disputes, won't their final cost to customers end up higher than amazon c.p. ?
 
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There was another thread on here about OnBuy but it won't let me add to it because it's too old.

OnBuy are planning to launch on 1st Nov and then take on ebay and amazon. Sellers get charged £22 per month, no listing fees but a "small" percentage of selling price.

Apparenty, 30,000 products already registered on there. Still a fraction of the amount on their competitors' sites though.

I Googled onBuy out of interest and got this on another forum, I guess this other site is scraping content from here as the first and second posts are identical; http://www.naijafinder.com/threads/774932-OnBuy-to-rival-ebay-amazon
 
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Chris Ashdown

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  • Dec 7, 2003
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    You say a lot for the customers but whats special for the sellers, You talk of lower prices but that just brings in the cowboys who dont understand the difference in gross profit and net profit and do their best to bugger up the serious e-commerce businesses.

    Will you be protecting the seller from fraud in any way as ebay nearly always takes the customers view even when it's blatent fraud

    For people who say it's impossible to beat the majors thats rubbish every major company has fallen in time some old crinkleys will remember IBM, LOTUS, McDonald aircraft etc

    Good Luck
     
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    OnBuy Team

    Free Member
    Jul 30, 2013
    9
    1
    You say a lot for the customers but whats special for the sellers, You talk of lower prices but that just brings in the cowboys who dont understand the difference in gross profit and net profit and do their best to bugger up the serious e-commerce businesses.

    Will you be protecting the seller from fraud in any way as ebay nearly always takes the customers view even when it's blatent fraud

    For people who say it's impossible to beat the majors thats rubbish every major company has fallen in time some old crinkleys will remember IBM, LOTUS, McDonald aircraft etc

    Good Luck


    Hi Chris, thanks for your question -

    Yes, we certainly will! We cannot stress how much we want this marketplace to be a safe place to trade – We have always had a distaste for how easily both parties are able to commit fraud within marketplace structures – yet another reason for the creation of OnBuy.


    Our payment processors are arguably, one of the best in the world and put transactions through up to 200 types of fraud checks – depending on where you are in the world, that is.


    We would love to talk to you about setting up your products on OnBuy Chris – we are literally charging no fees at all at the moment, because our site is in demonstration for people, like yourself, with products to sell, so you can try the system out and see how you get on with everything.



    The whole venture is a win/win. If you do try out the system, it would be great to get some feedback from you :D
     
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    Well done for setting it up and being positive, expect lots of negative questions though!

    Any plans for TV advertising? Sports sponsorship? Some big ads and press releases in the Sunday papers etc?

    Oh and will you be building modules for OpenCart/PrestaShop/Wordpress and Magento to allow for sellers to bulk upload products and manage their inventory without having to sign in to OnBuy every time to update product information etc?

    We use things like Linnworks to manage across all of our platforms, so either a custom module that downloads from your website or something that plugs in to Linnworks and Channel Grabber would be useful.
     
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    Chris34

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    Feb 3, 2009
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    Given that it's the sellers who will make this marketplace or any new marketplace successful, then I think the best approach to getting a marketplace off the ground is to offer sellers a slice of the cake for their hard work and effort.

    If you offered sellers collectively a 50% share of the business then the sellers will have a reason to make extra effort to make the marketplace a success. Quite how you could work it would have to be thought through, but in order to grow fast and compete then I think that giving the sellers something in return is the only way. You only have to look at Ebid to see the problems you are up against, Ebid is free after sign up, have been around for years and haven't made a dent on Ebay or Amazon.

    Some sort of solid financial incentive is the only way of getting it off the ground IMO. Not free listings, not front page adverts, not super special seller statuses, just a real share of the companies success, 50% of the profits and 50% of the company. That is something you don't get with any other marketplace.



    Chris.
     
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    silvermusic

    Anyone care to show me any company that's taken on eBay and/or Amazon head on and it's worked? Do a search through this very forum and you'll see loads of similar threads, where are these companies now.. exactly.

    Sorry folks, seen it time and time again over the last decade or more, it won't work unless you have huge sums of money to chuck at it.
     
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    OnBuy Team

    Free Member
    Jul 30, 2013
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    Hi Onbuy team,

    Great to get some insights directly from yourselves!

    I have some experience in dealing with marketplaces, and I think you guys have an interesting story to tell - I hope it picks up.

    I was trying to understand how you planned on achieving lower prices than, say Amazon, it would be great to get some extra detail from yourselves.

    Your first point is great, and an absolute necessity to build loyal customer relationships and a large client base - however, it seems like this will correspond to an increased in your operations cost per transaction. Will those costs be incurred by sellers as well? Since your rates are very very close to Amazon's, if sellers have to take on more risk to account for disputes, won't their final cost to customers end up higher than amazon c.p. ?

    Hello again, and thank you for the question -

    We've been developing some great ways of coping with disputes and will be publishing our documentation on this soon. We're going to take a different approach, which will expectantly minimise disputes between sellers and buyers. We cannot divulge too much just yet; but all in all, we expect our overall cost, in comparison to other marketplaces, to be the lowest, coupled with better customer service, an aspirational vision of Britain’s economic recovery and a very intuitive system to work with (for these reasons, we feel OnBuy has great potential).

    We always had a vision of building great relationships with the sellers we work with, and we have some great team members here at OnBuy, who will always be involved in building good relationships since some of them are purely dedicated to account management.

    It's definitely something we want to invest in, and if it means going the extra mile, we're all in.

    Thanks again for the question!
     
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    OnBuy Team

    Free Member
    Jul 30, 2013
    9
    1
    Well done for setting it up and being positive, expect lots of negative questions though!

    Any plans for TV advertising? Sports sponsorship? Some big ads and press releases in the Sunday papers etc?

    Oh and will you be building modules for OpenCart/PrestaShop/Wordpress and Magento to allow for sellers to bulk upload products and manage their inventory without having to sign in to OnBuy every time to update product information etc?

    We use things like Linnworks to manage across all of our platforms, so either a custom module that downloads from your website or something that plugs in to Linnworks and Channel Grabber would be useful.

    Thank you for your comments Esk247, we appreciate the well wishes :)

    We understand it might be hard work and are very prepared to invite any type of question - the only way we can grow in a way that is healthy and organic, is to listen and take on board what people want from a marketplace, or what they would change about existing ones.

    We have a lot of new ideas and exiting ways to managing large amounts products, but we cannot say too much just yet, we're releasing a lot of the details very soon though, so keep in touch.

    As always, thanks for the questions!
     
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    Daxo

    Free Member
    Feb 23, 2012
    232
    52
    My view is that in order for a new marketplace to be successful in any meaningful way then it would have to have a genuine USP. The whole "buy from us because we want to save the UK economy" will only get you so far. (And I find it a little disingenuous myself).

    Without buyer traffic, onbuy will fail, full stop. That is the reason why all of these ebay rivals have failed in the past. No buyer traffic equals no business.

    Someone asked you why a buyer should choose onbuy rather than ebay and unfortunately I don't think your response in post #11 contained a single compelling reason. I still see no reason why a buyer would choose onbuy over ebay.

    Attracting sellers is the "easy" part, you need a USP to attract buyers. In my view buyers should be incentivised in some way, perhaps offer them cashback on purchases. I have no idea how this would work, but I really see it as the only way to attract buyers to this new marketplace, since in it's current state it is simply a copycat market place with no differentiation. Perhaps offer buyers a cashback amount based on all their purchases over a 3 month period.

    And you wouldn't have to do this forever, perhaps just for the first 6 months of all new accounts registered before a certain date. You could make it a tiny but "meaningful" percentage and also make it subject to a minimum spend etc. Word would spread about this and you'd get lots of new signups. It would generate you lots of media coverage as well, thus driving further buyer traffic to your site. Then once you have all this buyer traffic you have 6 months to demonstrate to them why you are better than ebay, to show them that you are cheaper than ebay (if that is really true) and to explain your business ethos blah blah blah.

    Don't know if it's at all viable, but I just think you need so much more than the tame, generic business model it seems you currently have if you are serious about creating a viable ebay alternative.

    I'd really like to see the break up of the ebay/amazon monopoloy, because, well it's a monopoly, so I do sincerely wish you the best of luck, but I really hope you have lots more tricks up your sleeve to attract buyers other than just the fact you are a British company.
     
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    Anns

    Free Member
    Mar 7, 2017
    6
    0
    Sorry to resurrect a 3+ years old post, that too the next day of Easter!!
    Seems the site is up and running, not heard of them anywhere, no ads, no one talking about it on other forums etc, have anyone listed products and had any sales in the past 3+ years?
     
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