Wagglepop 2: Deja Vu as Auction Site That Left Sellers Stranded Reopens

[youroverheadbin]

What a crock of poo. Stay tuned; I'll be back. 

[amy]

342 sales to new members in just the past 21 days.

60% of the items for sale on the site are under $10 and 45% are under $5 so 342 sales probably translates into well under $3000 (under $1000 weekly) for the entire site. No wonder Ray sells on eBay and not on his own site.

[sneakymagenta]

Waggledoospam
http://www.squidoo.com/wagglepoponlineauctions
http://www.squidoo.com/shopwagglepop

[mandy]

The average popperstoreowner averages 1 new non-seller buyer per week according to sneakymath

Mandymath  ;D : Based on one new customer per week, the customer acquisition cost is $7.50 per customer on Wagglepop -excluding time/labor costs ($30/4). Ray's customer acquisition cost on eBay during his latest stint was $9.41 ($292/32 customers).  Based on those numbers, if you're using auction venues primarily as a customer acquisition tool, Wagglepop isn't that much cheaper than eBay.  When you factor in the extra time involved in listing on a site without a bulklister or other automated auction management tools (Wagglepop), eBay may be a cheaper way in the long run to acquire  customers than Wagglepop.

Throw some more stats our way Ray.  tolensmiley: 

[maggie777]

342 sales to new members in just the past 21 days. These statistics do not include sales to existing membership, making them all the more remarkable.

They're remarkable alright.

:popcorneaters:

[maggie777]

edit Does anyone else feel like they've entered The Twilight Zone when they read the boards on sites like Wagglepop?

[Alskling]

[quote author=sneakymagenta link=topic=3775.msg70965#msg70965 date=1214454727]
Waggledoospam
http://www.squidoo.com/wagglepoponlineauctions
http://www.squidoo.com/shopwagglepop
[/quote]

from http://www.squidoo.com/wagglepoponlineauctions

Three reasons to love Wagglepop Online Auctions
One monthly Price no hidden fee's Never mind that our store fee is only DOUBLE the cost of industry leader eBay's and that Adsense and upgrades are extra. All for no advertising or traffic, but so what. It's for a good cause?
Great community working and sharing together as we hold hands and sing Kumbaya, pass the warm, fuzzy Koolaid and live in mortal terror of having our posts deleted by our leader's throbbing middle "delete" finger.
No Scammers like on eBay unless you count our leader, the biggest scam artist in e-commerce?[/

boldings mine

Funny, I don't see anything resembling "BECAUSE I MAKE MONEY"?

I don't know about anybody else here, but I'm pretty sure I could come up with WAY MORE than 3 reasons NOT to like WP.

[amy]

Does anyone else feel like they've entered The Twilight Zone when they read the boards on sites like Wagglepop?

Yes!!!!!!!!  I sell items online, they sell items online, and that's where the similarity between my business and their business hobby ends.

Funny, I don't see anything resembling "BECAUSE I MAKE MONEY"?

Money and sales are never mentioned when [insert tiny eBay alternative name here] 's cheerleaders are spamming the praises of their chosen alternative.  "A great community" however is always mentioned and usually #1 or #2 on the list.

the customer acquisition cost is $7.50 per customer on Wagglepop 

Are you sure about that?  ;D

Store #1 (18,870 items ):
member 13 months ($150 store fees)
feedback from 3 unique buyers
-----------------------------
customer acquisition cost $50 ($150/3)


Store #3 (4,204 items)
member 23 months ($250)
feedback from 12 unique buyers
----------------------------
customer acquisition cost $20.83

Store #4 (4,120 items)
member 23 months ($250)
feedback from 24 unique buyers
------------------------------
customer acquisition cost $10.41

Store #5 (3,915 items )
member 22 months ($880 -showcase store)
feedback from 79 unique buyers
-------------------------------
customer acquisition cost $11.14

Store #12 (1,753 items )
member 22 months ($880 -showcase store)
feedback from 35 unique buyers
---------------------------------
customer acquisition cost $25.14

Ray's customer acquisition cost on eBay during his latest stint was $9.41 ($292/32 customers).  Based on those numbers, if you're using auction venues primarily as a customer acquisition tool, Wagglepop isn't that much cheaper than eBay.

Ray's sell through rate is only 5% (compared to the average eBay seller's 30%+) so the average eBay seller's cost is probably much lower than $9.41.

When you factor in the extra time involved in listing on a site without a bulklister or other automated auction management tools (Wagglepop), eBay may be a cheaper way in the long run to acquire  customers than Wagglepop.

Using the fees/customers=cost formula, Amazon and Alibris are a fraction of the cost of  Wagglepop if your goal {raises hand} is customer acquisition for your website.

[bargainbloodhound]

Using the fees/customers=cost formula, Amazon and Alibris are a fraction of the cost of  Wagglepop if your goal {raises hand} is customer acquisition for your website.

Umm, not everyone's goal is "customer acquisition for their website"  :

If your goal is pity sales buyer acquisition then Wagglepop is the best choice on the planet!  For only $29.95 monthly you can acquire up to 106 pity buyers and pump up your feedback score as an added bonus. Think how impressed your friends will be when you tell them you have a feedback score of 5000 (just don't tell them that 4,000 of those feedbacks came from your neighbor down the street). You could spend $1K, $10K, $50K, or more in fees on eBay or Amazon and never acquire a pity sales buyer (and let's not forget that the meanies at eBay and Amazon frown on artificial feedback padding).  Go Wagglepop Go! :twistedevil:

arcasm1:

[Alskling]

[quote author=bargainbloodhound link=topic=3775.msg70982#msg70982 date=1214521784]

Using the fees/customers=cost formula, Amazon and Alibris are a fraction of the cost of  Wagglepop if your goal {raises hand} is customer acquisition for your website.

Umm, not everyone's goal is "customer acquisition for their website"  :

If your goal is pity sales buyer acquisition then Wagglepop is the best choice on the planet!  For only $29.95 monthly you can acquire up to 106 pity buyers and pump up your feedback score as an added bonus. Think how impressed your friends will be when you tell them you have a feedback score of 5000 (just don't tell them that 4,000 of those feedbacks came from your neighbor down the street). You could spend $1K, $10K, $50K, or more in fees on eBay or Amazon and never acquire a pity sales buyer (and let's not forget that the meanies at eBay and Amazon frown on artificial feedback padding).  Go Wagglepop Go! :twistedevil:

arcasm1:
[/quote]

AND, you might even be invited to become part of the "We the People" Council. Big woop!