Buuy.co.uk is calling on sellers to pay £10 a month for a shop to ensure its continued survival, according to an email we’ve seen that’s been sent to merchants.
In 2017, we wrote about Buuy several times. Including a report on a crowd-funding campaign that appears to have been unsuccessful. You can read that article here.
Buuy’s USP has previously been that they were totally free to sellers. But it’s clear too that this bold approach has meant that they have been lacking in resources. It seems that the marketplace had been due to close on the 2nd of January.
But the email to sellers offers an alternative. By introducing a £10 monthly fee, they hope to keep going. And if there is enough interest that fee may well be less. Sellers have been given until 21st January to express whether they’re willing to make a commitment.
They say: “Once this date as been we will then see how many store holders are willing to pay the monthly fee of £10.00 and then make a final decision – an email will go out – either way. If we get the min amount of stores needed, we will contact all store holders with bank details to make payment for the first month (Feb).
We have more than 330 stores open on Buuy.co.uk at the moment, and to make it worth while, we need at least 30% of these to cover all costs and keep us going.”
And the Buuy team is calling on all sellers to help them spread the word: “Now your bit.. In order to really make Buuy.co.uk work, you need to promote everywhere you sell. So your own Facebook and Twitter accounts – business and personal. Instagram, Snapchat, Pintrest – you get the idea. If you sell on “other” sites, get a flyer in to every sale promoting your store on Buuy.co.uk. Change your URL in the bio on Twitter to your store on Buuy, the more people know about your store and of course Buuy, the faster we grow, the more revenue we make and things like app’s etc happen a lot quicker.”
We expect to be writing more about Buuy in the next few days as we hear more. But we’d love to hear from Buuy Sellers and whether you are willing to pay a fee to a marketplace with an uncertain future.