Bob Shop, formerly Bidorbuy or bidorbuy.co.za (officially written as one word, all-lowercase; variations: bid or buy, Bidorbuy and Bid or Buy), is a South African e-commerce website based on an internet auction and online marketplace. Transactions on Bidorbuy are in South African Rand.
 | |
| Type of business | Private company |
|---|---|
| Founded | 1999 |
| Headquarters | Johannesburg, South Africa |
| Key people | Andy Higgins, Managing Director; Craig Lubbe, Head of Marketplace |
| Industry | Online Shopping marketplace |
| Products | Online auction hosting |
| Parent | Bob Group |
| URL | www |
| Launched | 1999 |
History
Bidorbuy (Bob Shop) was launched by Andy Higgins in August 1999 at the height of the dotcom boom, in South Africa. Initial funding and support was provided by Professor Yair Tauman, Professor Abraham Neyman, Mr. Danny Barnea, and Mr. Zohar Gilon. In 2000, it was made available in India and Australia. In 2001, after the dotcom crash, the Australian site was closed and the Indian website was merged with Baazee.com (which was sold to eBay in 2004[1]).
Bidorbuy.co.za became the largest online marketplace South Africa and Africa.[2] In 2010, it invested into PayFast,[3] a local online payment company, and 2014 into the e-commerce company uAfrica.com.[4] It merged with UAfrica, on August 2022 to form Bob Group.[5] In March 2023, UAfrica was rebranded as Bob Go and Bidorbuy as Bob Shop.[6]
Basic concept
Bob Shop's business model is described to be similar to eBay. Listings on the platform are either live auction or listed at a fixed price.
Items traded on the site
Collectible items were the popular listings on Bidorbuy before it became Bob Shop, notably South African coins, stamps, antiques were listed on the platform. In 2008, Bidorbuy introduced auto listings, which attracted car dealerships to list on the site, making it one of the biggest online car shop windows in South Africa at the time. In the same year of 2008 Bid or Buy introduced property listing. Both were removed around 2022 and 2023.
Trading formats
- Auctions. In the beginning, Bidorbuy featured only online auctions.
- Buy Now. In 2001, Bidorbuy introduced the buy now format for selling items at fixed prices.
- Classifieds. In 2005, Bidorbuy introduced a classifieds section where sellers can display items that may not lend themselves easily for sale on the internet, like second-hand cars, property and services.
- Buy Now and Auctions with Make an Offer. In May 2015, Bidorbuy introduced a Make an Offer functionality, first for Buy Now and later on for Auctions, which allows buyers and sellers to negotiate the price.
- Auctions with Buy Now. In November 2015, Bidorbuy gave sellers the option to include a Buy Now price in their auction listings.
Payment Methods
On April 20 2010, It was reported that Bidorbuy launched BobPay-EFT an internet payment method that works with major South African banks: Absa, FNB, Nedbank and Standard Bank.[7]
Charity fund raising
Bidorbuy allowed registered charities and non-profit organizations to raise funds on the site. In 2009, charities raised over R425,000 through sales on this platform.[8]The biggest amount, R300,100 was raised for the Ubuntu Education Fund through the sale of the last VW Citi Golf ever made for the general public by the seller Volkswagen South Africa.[9][10] In the same year, the Celebrities for Charities Auctions event was held on the site, in which 39 celebrities, most notably the archbishop Desmond Tutu, auctioned their time to raise funds for charities.[11] In 2011, several South African celebrities participated in the Celebrity for Charity auctions benefiting charities including Reach for a Dream and Johannesburg Child Welfare.[12]
In March 2016, the Vodacom Blue Bulls rugby team auctioned jerseys signed by the players on Bidorbuy.[citation needed] Samsung South Africa's The #SamsungHeroes online event, was organized on Bidorbuy in July 2016.[13]
Entrepreneurship advancement activities
Bidorbuy and institutions of higher learning collaborated to encourage entrepreneurship among young South Africans. Is claimed round 60 students of the University of Johannesburg, and Raymond Ackerman Academy of Entrepreneurial Development participated in January 2010[14] and around 50 students of the Investment Society at the University of Cape Town (InvestSoc) participated in March 2010.[15]
According to Biztech Africa, Bidorbuy claims 20% of the people selling on its site makes a living though the use of the platform.[16]
Notable and controversial listings
- Plastic surgery procedures auctioned on Bidorbuy (July 2000).[17][18]
- The R5 circulation Mandela coins controversy (July 2008)[19]
- Unreleased stamps marking the tenure of the President of South Africa President Kgalema Motlanthe (March 2009)[20]
- A voter tried to auction his vote on Bidorbuy (April 2009)[21]
- Rare ZAR Veldpond coin sold for R450,000 (July 2010)[22]
- An attempt to sell rough diamonds on Bidorbuy (August 2010)[23]
- A dress worn by DA leader Helen Zille auctioned on Bidorbuy for charity (March 2010)[24]
- An attempt to auction toilet paper with the image of ANCYL leader Julius Malema (November 2010)[25]
- First Afrikaans vampire film memorabilia auctioned on Bidorbuy (June 2011)[26]
- ANC centenary gold coins listed for sale on Bidorbuy (October 2011)[27]
- Simultaneous chess game with Garry Kasparov auctioned on Bidorbuy (October 2011)[28]
- Vest worn by Justin Bieber auctioned on Bidorbuy (June 2013)[29]
- Edible chocolate painting auctioned on Bidorbuy (April 2014).[30]
- SAHA auctions Shifty Records memorabilia on Bidorbuy (September 2014).[31]
- Dress made out of loom bands auctioned on Bidorbuy (December 2014).[32]
- A Half-a-Million Coin: Bidorbuy (April 2015).[33]
- Rare coin set to break record in online auction (February 2017).[34]
- Demand for water related items spikes on Bidorbuy as #DayZero draws closer (February 2018).[35]
- Fifa World Cup sparks interest in soccer memorabilia (June 2018).[36]
Awards
- Public's Favorite E-Commerce Website and Best E-Commerce Services Website in the 2011 Jump Shopping South African E-Commerce Awards.[37]
- The winner in the Enterprise category of the 2011 Clickatell Personalized Priority Messaging (PPM)Awards[38]
- Best eCommerce Services Website in the 2012 South African E-Commerce Awards.[39]
- Best Customer Service Website in the 2013 South African E-Commerce Awards.[40]
- Best App for Africa on Africacom 2013 - the Bidorbuy Android app.[41]
- Nominee in the MTN business app of the year 2014 - the Bidorbuy Android app.[42]
- Finalist in the App Circus 2014 - the Bidorbuy Android app.[43]
- Best eCommerce Services Platform in the 2014 South African E-Commerce Awards.[44]
- Best eCommerce Services Platform in the 2015 South African E-Commerce Awards.[45]
- Best Online Market Platform in 2016 South African E-Commerce Awards.[46]
- Best Online Market Platform in 2017 South African E-Commerce Awards.[47]
References
Further reading
- Book Your Guide to Buying and Selling on Bidorbuy , 2009, ISBN 978-1-77022-052-2
- Academic paper: Wits Business School case study: Bidorbuy – Biding for First Place
- My Broadband: Biggest South African Websites December 2011
- Entrepreneur Magazine: Success Stories: Bidorbuy – Andy Higgins