Boso making ripples
December 15th, 2006 by Luke
Boso, an Ebay-esque marketplace just for students, is getting some attention thanks to some savvy marketing and, now, a wedge of investor funding.
Boso (Buy Or Sell Online) is the creation of two Oxford graduates. It recently featured on Channel 4’s Tricky Business show and as a result Blogger founder Evan Williams now sits on its advisory board.
Boso have run some pertinent, low budget marketing campaigns using Facebook flyers and have quickly built the foundations of a trading community. Their approach is examined over at Trendcatching.
The key difference between Boso and Ebay is that sellers simply market their wares at a set price and transactions take place when the first buyer accepts. And of course it works well for students because often they can collect from fellow students in person.
There have been several specialist student sites of this nature come and go in recent years, all of them failing to attract an audience. When you’ve got a meat-and-two-veg business idea and not much budget to market it you have to be pretty creative and insightful to pull in punters.
Which is why Boso is interesting. It looks like they have passed the threshold of buyers and sellers needed in order to show activity and encourage newcomers to get involved. Which means they must be pretty good at selling their service to an often sceptical UK student audience.
A nice wad of notes from investors YCombinator should help keep up the all-important momentum.
Good luck to them.
Posted in Student sites |
January 25th, 2007 at 3:10 am
[…] After Trendcatcher’s write-up, we’ve also appeared in the Reach Students blog and in Virtual Economics. […]
February 3rd, 2007 at 7:31 pm
This site is overrated. From the ‘latest items’ list on the front page, I’ve approximated they get 1 new item listed for sale a day. A lot of the items for sale also seem like spam to me, particularly the ones advertising mobile phones.
I also find the Ebay comparisons quite ridiculous, a closer competitor would be a website like Gumtree or even internal university websites which usually have ‘for sale’ noticeboards.
Marketing will get a business only so far, I sadly predict Boso will not be around within the next year.