bidorbuy, Africa’s largest online marketplace, is on a certain path to e-success! With an anticipated turnover of R40 million for 2006, an increase of 100 percent from last year, bidorbuy is attaining more and more market share with every click.
With 198,435 registered users and over 8 000 sellers on the site, bidorbuy continuous to break their own records every month and has today become one of the most renowned online success stories. And this is merely the start of this online player’s impressive achievements.
bidorbuy recently listed a record number of over 145,000 items on the site, with an average of around 30,000 items open at any one time. Additionally, bidorbuy has more than 264,000 unique visitors every month with over 4,7 million page impressions in October 2006 alone.
“The incredible growth that we have experienced over the last couple of months is certainly encouraging, not only for bidorbuy, but for the local e-commerce market as a whole,” says Gillian Meier, business manager at bidorbuy. “This is a clear indication of the fact that consumers are starting to realise the true value and benefits of e-commerce, as they are becoming more comfortable using the Internet for transactions.”
The online marketplace as a whole is currently thriving. In 2005 online retail in South Africa grew by 20 percent, with a total spend on online retail goods of R514 million (up from R428 million the previous year). World Wide Worx MD Arthur Goldstuck anticipated a further 20 percent increase this year, a figure that the online industry will undoubtedly meet.
More importantly, according to The Goldstuck Report: Online Retail in South Africa 2006; the fastest growing category was online auctions with a 230 percent increase in the number of sales.
“We are very proud of bidorbuy’s achievements and growth to date, as it certainly exceeded all our expectations,” says Meier. “What is of more significance is the economic benefits and impact that e-commerce trade has in terms of job market creation and consumer spend, not to mention the increase in consumer benefits such as convenience, security and reliability.”
In terms of global statistics, online shopping reached a total of $65 billion last year, jumping 26% higher than the previous year (Source: comScore Networks). “The positive growth depicted in our local e-commerce studies, coupled with the vast increase in sales on sites such as bidorbuy, is a clear indication that South Africa could certainly constitute a solid proportion of this global e-commerce growth. I am exceptionally confident of the increased uptake of e-commerce locally and bidorbuy is proud to be at the forefront of this success story,” concludes Meier.
About bidorbuy:bidorbuy is South Africa’s largest online marketplace. Established in 1999, the company has created a safe and convenient way for people to buy and sell goods online. As a virtual trading place that brings buyers and sellers together and allows them to buy and sell virtually anything in an exciting auction format, using the Internet, bidorbuy has created a thriving online marketplace.