BrandBucket Experience

[xtremex]

hello

I am new to BrandBucket. Before getting my hands on this

I wish to experience about brandbucket from my fellow members


Thanks

 

[Keith DeBoer]

I lowered the price to the minimum allowed. The additional 10% reduction is in reference to the 10% PreApproved discount.

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Hey @Grilled Jesus! Congrats on the potential sale. I hope it goes through for you.

As a suggestion for you or maybe others who may be contacted by potential buyers. You may not be aware but BB has a dedicated, professional sales person. So when I get an email from a buyer I simply refer them back to BB saying I'm under contract and all negotiations must be done via BB's office. I then forward the buyer's email to BB and tell them to contact the buyer. I also let BB know what my lowest acceptable price for the domain is. Then I let the BB professional go to work.

I think that by communicating with the buyer and changing pricing etc. you show the buyer you are desperate for a sale and he will push for a big discount and not only will you get less money but it will likely spoil the deal because BB won't sell domains for peanuts as word gets around and it undermines future sales.

So my advice to anyone in this situation is to stay strong and hand the ball to BB. Don't talk to buyers and don't change your pricing. BB sells 3-4 domains every weekday and they do this for a living and they will get you the highest possible price for your domain as they are very motivated by their commission.

In any case, I hope the deal goes through and you get a big fat pay check!!

Cheers,
Keith

 

[hookbox]

Hey @Grilled Jesus! Congrats on the potential sale. I hope it goes through for you.

As a suggestion for you or maybe others who may be contacted by potential buyers. You may not be aware but BB has a dedicated, professional sales person. So when I get an email from a buyer I simply refer them back to BB saying I'm under contract and all negotiations must be done via BB's office. I then forward the buyer's email to BB and tell them to contact the buyer. I also let BB know what my lowest acceptable price for the domain is. Then I let the BB professional go to work.

I think that by communicating with the buyer and changing pricing etc. you show the buyer you are desperate for a sale and he will push for a big discount and not only will you get less money but it will likely spoil the deal because BB won't sell domains for peanuts as word gets around and it undermines future sales.

So my advice to anyone in this situation is to stay strong and hand the ball to BB. Don't talk to buyers and don't change your pricing. BB sells 3-4 domains every weekday and they do this for a living and they will get you the highest possible price for your domain as they are very motivated by their commission.

In any case, I hope the deal goes through and you get a big fat pay check!!

Cheers,
Keith

That's bad advice. Be in control of your own destiny. Giving the sales lead to someone under BrandBucket's control could lead to them promoting one of their own in house names and kicking your name to the curb. You don't know this will happen but you don't know it won't happen either. Anytime you have a chance to talk directly to the buyer then do it.

Showing a potential customer you are willing to work with them by giving a small discount isn't a bad thing. Stick to your guns to much on pricing and you will end up selling a lot less names. Knocking $1,500 off of a $2,000 name shows desperation but knocking off a small percentage does not.

 

[bazabizo]

That's bad advice. Be in control of your own destiny. Giving the sales lead to someone under BrandBucket's control could lead to them promoting one of their own in house names and kicking your name to the curb. You don't know this will happen but you don't know it won't happen either. Anytime you have a chance to talk directly to the buyer then do it.

Showing a potential customer you are willing to work with them by giving a small discount isn't a bad thing. Stick to your guns to much on pricing and you will end up selling a lot less names. Knocking $1,500 off of a $2,000 name shows desperation but knocking off a small percentage does not.

I respect both opinions, but I must say I share those doubts as well! Actually, thats one of the reasons I left BB!

Cross selling is a major factor of success for them and its a legit means of doing business. HOWEVER, there are ways to make otherwise, which left me suspicious to an extent of leaving the platform!

When you see some are performing much better than others, and the portfolios share the same criteria, then something is going on!

I still do regret sometimes that I left BB and there are names that would've only be sold on BB, but overall I think Im getting more profitable outside and with a great peace of mind. I am actually cross selling my own names when approached. If a customer offers 100 for a 5K domain, I get back to them over the phone with a couple of $xxx options in case they are actually on a tight budget! What happens when a similar situation happens at BB? They will get back to the prospect with a couple of $xxx options, but will it be your names? Do you seriously think so? :P

I will leave that one open, to the average-high IQ domainer to decide!

 

[Embrand]

Hey @Grilled Jesus! Congrats on the potential sale. I hope it goes through for you.

As a suggestion for you or maybe others who may be contacted by potential buyers. You may not be aware but BB has a dedicated, professional sales person. So when I get an email from a buyer I simply refer them back to BB saying I'm under contract and all negotiations must be done via BB's office. I then forward the buyer's email to BB and tell them to contact the buyer. I also let BB know what my lowest acceptable price for the domain is. Then I let the BB professional go to work.

I think that by communicating with the buyer and changing pricing etc. you show the buyer you are desperate for a sale and he will push for a big discount and not only will you get less money but it will likely spoil the deal because BB won't sell domains for peanuts as word gets around and it undermines future sales.

So my advice to anyone in this situation is to stay strong and hand the ball to BB. Don't talk to buyers and don't change your pricing. BB sells 3-4 domains every weekday and they do this for a living and they will get you the highest possible price for your domain as they are very motivated by their commission.

In any case, I hope the deal goes through and you get a big fat pay check!!

Cheers,
Keith

I am actually surprised by how few potential buyers contact me directly. I regularly get direct inquiries about my Sedo listings, but rarely about my BB listings.

I guess that is a testament to the strong brand BB represents among buyers. I have to say if I were a buyer myself, I sure would prefer a great looking BB sales page to a dull Sedo page, even if all that really should matter is the domain in question and the price.

 

[canswift]

If you search for 'Beer' or 'Brew' or 'Brewery' you also get just one short page of results on BB. Neither of my clients can find a name on BB that suits them...yet.

Excellent post on the BB experience, I really appreciated the eBay analogy as that's what I've thought for a while and not worried too much as the number of names crept up.

I have a couple of names that BB did not take that I specifically submitted as I'd thought they'd be great as names for a brewery or beer brand. They just didn't fit the BB template I suppose….

 

[Griux]

"For your domains that are a good match for our marketplace, you will receive an email with a suggested listing price. You can then log in to complete your listing, which means filling in the description and other nitty gritty details, and finalizing the pricing." Is it mean they accepted my domain?

 

[Griux]

Because in the past they didn't sent me emails, when i submitted a domain, when i logged in my account, and the pending review changed, and in 2hours changed again back to pending review

 

[campout]

@Griux I always get an e-mail when they accept or reject my names.

 

[nparab]

"For your domains that are a good match for our marketplace, you will receive an email with a suggested listing price. You can then log in to complete your listing, which means filling in the description and other nitty gritty details, and finalizing the pricing." Is it mean they accepted my domain?

This text is from the email you get when you submit a domain. When your domain is accepted or rejected, you get a separate email notifying you of their decision.

 

[Chris Hydrick]

You may not be aware but BB has a dedicated, professional sales person

Are you referring to Khalan ([email protected])?

I emailed both Khalan and Julia with a request to send my buyer a purchasing link at 7:00 AM this morning. It's now 4:00PM (2:00 AM for my buyer) and I have yet to hear back from BrandBucket. My hopes is they have been in communication with my buyer as they also sent an inquiry prior to my email.

 

[Coral Cove]

82 names, annualized 984 out of about 26000 names, that is almost 4%. That is impressive, if BB can keept it up.

It's interesting how that number is higher at Brandroot. They have heaps more names than we do, yet their turnover rate is lower? BB is no doubt monetizing quite a bit on type-in traffic. If Brandroot lost traction on Google I guess we would take on 10's of thousands more names to get more type-in traffic sales. Pretty smart.

 

[Shimmy]

It's interesting how that number is higher at Brandroot. They have heaps more names than we do, yet their turnover rate is lower? BB is no doubt monetizing quite a bit on type-in traffic. If Brandroot lost traction on Google I guess we would take on 10's of thousands more names to get more type-in traffic sales. Pretty smart.

It sounds like you are proud and should be proud of your ratio. So, why not post actual numbers?

 

[Chris Hydrick]

It's interesting how that number is higher at Brandroot.

Can you publish more specific stats? BrandBucket has been kind enough to publish there's their's.

If Brandroot lost traction on Google

Below is public information provided by SemRush.com that confirms your success with Google from a US search perspective.

VS

 

[Coral Cove]

I saw this data from SEM when I visited their booth at Namescon. Their data is off by a lot. 428 backlinks? That is incredibly too low and so is the organic traffic.

Also BB's paid search is highly inaccurate. Their ads are everywhere. So far we have been fortunate enough to not have to waste so much money on ads and use that money on real marketing and branding efforts, like sponsoring Namescon and other events.

 

[Coral Cove]

It sounds like you are proud and should be proud of your ratio. So, why not post actual numbers?

We share our numbers publicly. Nearly every sale is public on the site. We share more detailed information when we are working to recruit a large portfolio holder.

 

[Recons.Com]

Thanks for info.
I was wondering why 4L.com prices are so low on BR? There are quite a few below $2K and a lot in $2K-3K range. I saw one for around $1.5K, meaning the owner would get only around $1K with the wholesale price for pronounceable LLLL.coms starting from around $340, that is not much at all.

 

[Coral Cove]

Thanks for info.
I was wondering why 4L.com prices are so low on BR? There are quite a few below $2K and a lot in $2K-3K range. I saw one for around $1.5K, meaning the owner would get only around $1K with the wholesale price for pronounceable LLLL.coms starting from around $340, that is not much at all.

For the most part we let sellers price how they want. They are lower because the seller set it low.

 

[Chris Hydrick]

BB sells 3-4 domains every weekday

Do you know if they sell domains on weekends? I'm slightly troubled to find they don't offer support to purchase offer inquiries on weekends.

My hopes is they have been in communication with my buyer as they also sent an inquiry prior to my email.

My buyer reached out to me with concern that BrandBucket has yet to contact them.

The buyer and I assumed BrandBucket doesn't offer weekend support for buyers, and I advised them they should hear back from BrandBucket Monday morning. Minor problem being my buyer is from Asia, and Monday morning is Monday night for them.

 

[Chris Hydrick]

I saw this data from SEM when I visited their booth at Namescon. Their data is off by a lot. 428 backlinks? That is incredibly too low and so is the organic traffic.

I reached out to SEMRush.com with a link to this thread and asked if they could clarify this indiscretion. I haven't seen them around NP, so it's a longshot. Nonetheless, I'm interested in their response, and any possible SEM insight they can add on Brandable Domains / MarketPlaces.

 

[Theydon]

I'm sure they are on it Grilled, good luck.

 

[Chris Hydrick]

I'm sure they are on it Grilled, good luck.

Thanks @Theydon

I reassured my buyer the domain won't be sold to anybody else in the mean time.

I'm surprised nobody has mentioned anything about BrandBucket not offering support to buyers on Weekends. I promptly respond to any and all domain inquiries. I assumed and expected BrandBucket did the same since they are after all the broker our domains.

 

[Chris Hydrick]

I finally cracked earlier this morning, as depicted in my 10 response emails to 10 recently published domains with logo's you can basically do in 5 minutes with NamePros text editor

BrandBucket support just got back to me regarding my dissatisfaction with several recently published logo's. They noted my feedback and said they'd take it into consideration when assigning my logo designers in the future.

Additionally, Julia mentioned a great addition soon to be implemented.

"...at some point in the near future we plan to implement a system which will enable sellers to request a logo redesign if domain hasn't sold within a certain period of time. If your domain is still listed when that time comes, you will be able to request a change once again."

 

[DNGear]

I think this thread is for BrandBucket.

 

[Chris Hydrick]

I think this thread is for BrandBucket.

Competition keeps industries accountable. Adapt, evolve, and overcome.

If it becomes standard Brandable Marketplace procedure to correct unsatisfactory logo's, the industry as a whole will adapt to this. If the largest marketplace doesn't correct unsatisfactory logo's, why should other marketplaces adapt to this?

Namerific recently published a logo I wasn't satisfied for. I emailed them prepared to pay another listing fee to have the logo redesigned. Their support responded another listing fee wasn't necessary, and that if I wasn't satisfied with they logo they would redesign it for free. I was pleased with the revised logo.

 

[Chris Hydrick]

VS

I saw this data from SEM when I visited their booth at Namescon. Their data is off by a lot. 428 backlinks? That is incredibly too low and so is the organic traffic.

I reached out to SEMRush.com with a link to this thread and asked if they could clarify this indiscretion. I haven't seen them around NP, so it's a longshot. Nonetheless, I'm interested in their response, and any possible SEM insight they can add on Brandable Domains / MarketPlaces.

The response given by SEMRush...

"Hi *****,

Thank you for contacting SEMrush! Normally we pass a request like yours to our Marketing team to handle, but I wanted to give you a response as soon as possible.

I'll first give you a breakdown on how we gather our data. We have a database of a little over 80 million keywords for Google US, selected based on monthly search volume. When we update a keyword, we do a search for it in Google at the national level and take a snapshot of the first 10 results pages. We then apply a series of mathematical formulas to bring you the data you see.

That being said, the monthly traffic estimates most likely seem low for brandroot.com because we are only gathering data on the keywords within our database, and this is what we base our estimations on. If the domain is receiving traffic from other countries, or from keywords outside of our database, that traffic will not be reflected in our estimates. We also do not take into account referral or direct traffic. However, the overall traffic trend for the domain tends to compare very closely to actual results.

As for backlinks, we are reporting on any backlinks that we have found for the domain as of today. This data gathering is done by our own crawler, and is not imported from a third party. If the number of backlinks that we provide is currently not accurate, we will most likely be gathering the newer backlinks as we continue our crawl through the internet. We also try to avoid displaying backlinks from spammy sources, this way you are only viewing backlinks for your competitors that have some quality to them.

I hope that helps the members of your forum. If there is anything else I can help you with, please feel free to ask!"

Without exact data from the companies, we can only assume BrandBucket receives more type-in traffic based on the amount of domains and BrandRoot receives more organic search traffic based on targeted keywords.

Traffic aside, what we all care about most is sales. It's been reported that BrandBucket has an established clientele of buyers who buy on a regular basis. It's why I have so much faith in their newsletter. I want these buyers to see my domains, and want it to buy it before anybody else.

Anybody who's lost a domain to another buyer understands urgency. This is essentially what made me want to be a BrandBucket seller in the first place. Toygaroo.com, "Shark Tank's worst deal" was listed on BrandBucket. With strong backlinks from strong PR/PA sites such as ABC.com, I thought this would be the perfect failed business to bring back to life. How awesome would it be to bring it back to life, and re-present shark tanks worst deal back to the sharks. I asked if the price was flexible, to which I learned how BrandBucket operated. The domain sold while I was still thinking of purchasing. The domain sold over a year ago, and is still forwarded to BrandBucket. I have to imagine they receive a marginal amount of traffic from this domain alone. Not just any traffic, targeted traffic to people interested in the status of SharkTank which is an uber popular show about everyday start ups and branding.

Anyways, Brandable Domains are heating up and I'm looking forward to the growth in both sales and marketplaces. Competition is sure to heat up to keep up with the growth of the industry. I hope their sales teams or closers are prepared for this growth and readily available to our buyers.