BrandBucket Experience

xtremex · May 16, 2013

hello

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

I wish to experience about brandbucket from my fellow members

Thanks

equity78 · Jun 10, 2019

NamesMax said:
Somethings may have changed since I left, but when I was listing there, here were the costs:

1. Once your name was accepted, it cost you $10 to publish it. (Actually list it) This fee is paid up front. That was the $3,000 I was talking about. (300 x $10)

2. You would then agree to pay $100, $200 or $300 for the logo development. You would only pay this if the name sold.

3. If the name sold BB charged a 30% commission plus the logo fee mentioned above.

So listing 1 name it would cost you $10

If you selected the lowest price logo, which is $100 and the name sold for $3,000, BB would charge $1,000: The 30% commission ($900) plus the $100 logo fee. Considering the $10 listing fee, you only net $1,990. Of course you need to factor in your purchase of the name and any renewals.

BB also demands exclusivity, so it can not be sold on other venues or even through a private deal.

No more logo fee,

Elimination of post-sale logo awards
Since its inception as a marketplace that connected domain investors with professional logo designers, BrandBucket’s compensation model for its designers was to pay an award at the time of sale, and nothing at the time the logo was created. These awards, ranging from $100 to $500 (depending on the designer’s expertise) allowed many artists around the world to support themselves while also refining their skills. This model also allowed BrandBucket’s sellers to defer logo design fees to only if/when a sale happened, rather than paying a smaller logo design/listing fee for each listed name.

Due to increasing popularity of services like Fiverr in the past few years, more and more of the designers in our community expressed interest in being paid a smaller amount upfront rather than the promise of a larger amount in the future. Sellers on our Slack channel have also voiced opposition to post-sale logo awards. We are listening, and we hear you.

Starting on April 1st, 2019, sellers pushing domain names forward for listing will no longer be asked to select an additional post-sale logo design award. At the same time, all logo designers will be paid $5 upfront by BrandBucket for their logo designs. Please note however, that any domain name with a publishing date prior to April 1st, 2019 will still have the original post-sale logo award (this includes currently published names, and any previously published names that are re-published after April 1st.)

Continuation of $0 listing fees
In December of 2016 BrandBucket launched a program which required a $1 fee per submitted domain, and a $9 listing fee (also sometimes referred to as a logo design fee or publishing fee). In August of 2017 we (temporarily) waived the $9 listing fee, and it has been waived until now. We are pleased to announce that we will continue to waive the listing fee through the end of 2019.

https://tldinvestors.com/2019/04/brandbucket-announces-3-changes.html

Recons.Com · Jun 10, 2019

equity78 said:
No more logo fee,

Elimination of post-sale logo awards
Since its inception as a marketplace that connected domain investors with professional logo designers, BrandBucket’s compensation model for its designers was to pay an award at the time of sale, and nothing at the time the logo was created. These awards, ranging from $100 to $500 (depending on the designer’s expertise) allowed many artists around the world to support themselves while also refining their skills. This model also allowed BrandBucket’s sellers to defer logo design fees to only if/when a sale happened, rather than paying a smaller logo design/listing fee for each listed name.

Due to increasing popularity of services like Fiverr in the past few years, more and more of the designers in our community expressed interest in being paid a smaller amount upfront rather than the promise of a larger amount in the future. Sellers on our Slack channel have also voiced opposition to post-sale logo awards. We are listening, and we hear you.

Starting on April 1st, 2019, sellers pushing domain names forward for listing will no longer be asked to select an additional post-sale logo design award. At the same time, all logo designers will be paid $5 upfront by BrandBucket for their logo designs. Please note however, that any domain name with a publishing date prior to April 1st, 2019 will still have the original post-sale logo award (this includes currently published names, and any previously published names that are re-published after April 1st.)

Continuation of $0 listing fees
In December of 2016 BrandBucket launched a program which required a $1 fee per submitted domain, and a $9 listing fee (also sometimes referred to as a logo design fee or publishing fee). In August of 2017 we (temporarily) waived the $9 listing fee, and it has been waived until now. We are pleased to announce that we will continue to waive the listing fee through the end of 2019.

https://tldinvestors.com/2019/04/brandbucket-announces-3-changes.html

$0 listing fee is just a gimmick. They charge you $1 per name just to look at it and will approve around 10% of your names still capturing $10 per listed name.

Embrand · Jun 10, 2019

NamesMax said:
As far as I can discern, It is just an expensive landing page.

Yes, that is the tricky part. How many names are actually sold because of BB's marketing effort? And how many would have sold anyway? It's impossible to know I think, but it seems sellers who have left are doing just fine using Afternic/Undeveloped/Efty or own landing pages.

karmaco · Jun 10, 2019

Recons.Com said:
$0 listing fee is just a gimmick. They charge you $1 per name just to look at it and will approve around 10% of your names still capturing $10 per listed name.

Yes and think about when they actually reviewed in good time all the multiple $1 submissions for the same name in auction or pending drop. I still can’t believe people dish out hundreds maybe thousands just for review. If I submitted it unregistered and someone else does a month from now we both still pay a $1.

I have been submitting and listing at SquadHelp for free.

BRANDERX · Jun 10, 2019

It is troubling to see sellers leaving & complaining, especially sellers like embrand & others.

We don't know what it means tho, because many new sellers are joining everyday, with large & expensive portfolios.

They are still the dominant brandable marketplace, right?

On a different note, someone asked how many sellers do they have, well in a 2014 interview with Margot, I think she said 3000 different sellers.

If so, the number must be bigger now, 5 years later.

The majority of the domains are with a very small number of sellers.

Do the math, if you know 10 sellers with 1500-2500 domains, thats around half the inventory.

0 listing & logo fee, is a good thing, don't try to spin it guys..

Also, on every other brandable marketplace, your domain is literally locked up there, but BB list it on Sedo & its extended network of registrars etc.. Also a good thing imo.

Yes they don't do enough in terms of marketing etc, but it Makes it less of a numbers game imo.

Look at the SquadHelp top sellers, the majority of the sales are by one seller, truly a numbers game.

Embrand · Jun 10, 2019

MS-Domains said:
It is troubling to see sellers leaving & complaining, especially sellers like embrand & others.

We don't know what it means tho, because many new sellers are joining everyday, with large & expensive portfolios.

They are still the dominant brandable marketplace, right?

On a different note, someone asked how many sellers do they have, well in a 2014 interview with Margot, I think she said 3000 different sellers.

If so, the number must be bigger now, 5 years later.

The majority of the domains are with a very small number of sellers.

Do the math, if you know 10 sellers with 1500-2500 domains, thats around half the inventory.

0 listing & logo fee, is a good thing, don't try to spin it guys..

Also, on every other brandable marketplace, your domain is literally locked up there, but BB list it on Sedo & its extended network of registrars etc.. Also a good thing imo.

Yes they don't do enough in terms of marketing etc, but it Makes it less of a numbers game imo.

Look at the SquadHelp top sellers, the majority of the sales are by one seller, truly a numbers game.

Yes, there are still many good things about BB. For example that domains can get listed at Sedo as well as you mention. And it does seem like new sellers are joining all the time. Recently, they were adding around 600 new names per week. That's almost 30,000 a year! Seems to be down to around 300 now, though.

Recons.Com · Jun 10, 2019

MS-Domains said:
It is troubling to see sellers leaving & complaining, especially sellers like embrand & others.

We don't know what it means tho, because many new sellers are joining everyday, with large & expensive portfolios.

They are still the dominant brandable marketplace, right?

On a different note, someone asked how many sellers do they have, well in a 2014 interview with Margot, I think she said 3000 different sellers.

If so, the number must be bigger now, 5 years later.

The majority of the domains are with a very small number of sellers.

Do the math, if you know 10 sellers with 1500-2500 domains, thats around half the inventory.

0 listing & logo fee, is a good thing, don't try to spin it guys..

Also, on every other brandable marketplace, your domain is literally locked up there, but BB list it on Sedo & its extended network of registrars etc.. Also a good thing imo.

Yes they don't do enough in terms of marketing etc, but it Makes it less of a numbers game imo.

Look at the SquadHelp top sellers, the majority of the sales are by one seller, truly a numbers game.

Actually not sure who is spinning here.

Free logo: I am not adding any further, so no change for me as older names still pay it.

No listing fee: how is it no listing fee??? I submit 100 names, get 10 approved, that is $100 paid for 10 names or $10 per name. How is it different than before?

Now about 600 names added weekly or 30000 a year: and yet, in almost 2 years since they reached 50k names, they have reached just 55k now showing the extent at which old sellers are living.

Sedo: not much use without landers. I have 500 names listed there with 0 sales in many years.

trelgor · Jun 10, 2019

MS-Domains said:
It is troubling to see sellers leaving & complaining, especially sellers like embrand & others.

We don't know what it means tho, because many new sellers are joining everyday, with large & expensive portfolios.

They are still the dominant brandable marketplace, right?

On a different note, someone asked how many sellers do they have, well in a 2014 interview with Margot, I think she said 3000 different sellers.

If so, the number must be bigger now, 5 years later.

The majority of the domains are with a very small number of sellers.

Do the math, if you know 10 sellers with 1500-2500 domains, thats around half the inventory.

0 listing & logo fee, is a good thing, don't try to spin it guys..

Also, on every other brandable marketplace, your domain is literally locked up there, but BB list it on Sedo & its extended network of registrars etc.. Also a good thing imo.

Yes they don't do enough in terms of marketing etc, but it Makes it less of a numbers game imo.

Look at the SquadHelp top sellers, the majority of the sales are by one seller, truly a numbers game.

The successful seller at SH has made it thanks to hard work. The concept of ”Numbers game” don’t have much to do with it, part from the nature of domaining in general. BB as a marketplace does not generate enough sales to keep seasoned sellers happy in my experience. You really need to question where the proceeds are invested. It should be directed towards end user marketing. Is it?

BRANDERX · Jun 10, 2019

trelgor said:
The successful seller at SH has made it thanks to hard work. The concept of ”Numbers game” don’t have much to do with it, part from the nature of domaining in general. BB as a marketplace does not generate enough sales to keep seasoned sellers happy in my experience. You really need to question where the proceeds are invested. It should be directed towards end user marketing. Is it?

Yes absolutely, hard work & talent, congrats to them, but the fact they own a considerable percentage of the listed names also helped. In any case, exclusivity is problematic imo.

Yes absolutely, BB should reinvest in marketing & other improvements.

BRANDERX · Jun 10, 2019

Recons.Com said:
Actually not sure who is spinning here.

Free logo: I am not adding any further, so no change for me as older names still pay it.

No listing fee: how is it no listing fee??? I submit 100 names, get 10 approved, that is $100 paid for 10 names or $10 per name. How is it different than before?

Now about 600 names added weekly or 30000 a year: and yet, in almost 2 years since they reached 50k names, they have reached just 55k now showing the extent at which old sellers are living.

Sedo: not much use without landers. I have 500 names listed there with 0 sales in many years.

I understand it frustrates you.

May I ask, why do you still have those names listed? Did you try moving them to other brandable marketplaces?

BrandPlease · Jun 10, 2019

When I first joined BB (was opposed to marketplaces / commission / loss of control, etc. for years prior - only my only landers, efty,) make offer listing etc.

My orig BB experience post is in this thread somewhere - if we go back just about a year. But I think it was only a handful of months (maybe even 2 - off memory) that 2 names sold. Names I had listed long before on my own- no bites - but got traffic and sold quick listed on BB.

I have been happy ever since and have added names. I have a decent portfolio there and have a good # of names sold there, followed by Afternic, then own landers.

Those are the only 3 I can judge based on real data/ experience - I have names at other markets but it would not be fair to those markets as I have not had the # or ammount of names listed - even close - until recently.

in terms of listing cost - 1 sale will cover thousands of $1 listings - with several sales this year the listing fees are not really a concern.

Sorry to hear some of the troubles folks are experiencing, but BB has been very positive & responsive in my experience

Best of luck all, Brian

hookbox · Jun 10, 2019

DnameAgame said:
When I first joined BB (was opposed to marketplaces / commission / loss of control, etc. for years prior - only my only landers, efty,) make offer listing etc.

My orig BB experience post is in this thread somewhere - if we go back just about a year. But I think it was only a handful of months (maybe even 2 - off memory) that 2 names sold. Names I had listed long before on my own- no bites - but got traffic and sold quick listed on BB.

I have been happy ever since and have added names. I have a decent portfolio there and have a good # of names sold there, followed by Afternic, then own landers.

Those are the only 3 I can judge based on real data/ experience - I have names at other markets but it would not be fair to those markets as I have not had the # or ammount of names listed - even close - until recently.

in terms of listing cost - 1 sale will cover thousands of $1 listings - with several sales this year the listing fees are not really a concern.

Sorry to hear some of the troubles folks are experiencing, but BB has been very positive & responsive in my experience

Best of luck all, Brian

Do you mind mentioning how many names listed and how many names sold?

namemarket · Jun 10, 2019

I noticed a high number of BB names for sale also have nice looking logos which are often on display. Does than mean BB made the logos free and you can use it or does it imply the logo was already paid for? Please excuse my lack of BrandBucket knowledge. Thanks.

BrandPlease · Jun 10, 2019

quoting from my April of 2018 post, in this thread:

DnameAgame said:
FavoritePhoto.com & LooseThread.com

on the amount I had listed, at the time? It was a while back, now I have quite a few, but at the time those 2 sold... prob in the 20 ish range. Again, I may have it posted in this thread - will try toi dig through later.

NamesMax · Jun 11, 2019

namemarket said:
I noticed a high number of BB names for sale also have nice looking logos which are often on display. Does than mean BB made the logos free and you can use it or does it imply the logo was already paid for? Please excuse my lack of BrandBucket knowledge. Thanks.

Those are the logos that designers that work with BrandBucket have created for the name. Legally they are owned by BB (or the designer) That logo is included in the sale of the name to the buyer. To use it apart from buying the name would be a violation of copyright law.

Cdomains · Jul 3, 2019

This is my first time using BB.

I added names and I want to know what happens next.

How do I know if my names are rejected.

Do they email you if your names are not accepted?

How does this work?

Any help is appreciated.

capybara · Jul 3, 2019

Cdomains said:
How do I know if my names are rejected.

The review time nowadays is about 3-4 weeks. You'll get notified by email only about the accepted names. You are probably going to log in and check manually from time to time anyway

NYJimbo · Jul 3, 2019

Don Gondon said:
The review time nowadays is about 3-4 weeks.

Seriously ? Who can wait that long ?

Cdomains · Jul 3, 2019

Don Gondon said:
You are probably going to log in and check manually

I just submitted my names late last night.

When I log in and look at the dashboard - under the score section, near the bottom - the left circle says "Score F" about the % of names accepted.

When I mouse over it, it says - Your names aren’t a good fit for our marketplace, but may be for a different audience. If you want to invest in brandables, we can help.

I just submitted my names late last night!!

Is this just the way it looks until they accept or reject the names or is this an indication they have already rejected the names?

Very confusing!

capybara · Jul 3, 2019

NYJimbo said:
Seriously ? Who can wait that long ?

I keep my names available at general marketplaces (Dan, Sedo, Afternic) while they are awaiting review.

Cdomains said:
I just submitted my names late last night!!

These are just automated stat counters, don't take it personal. Of course they are all at zero since you haven't had any accepts yet.

Your domain status is in the "Domains" tab:

Martins B. · Jul 3, 2019

NYJimbo said:
Seriously ? Who can wait that long ?

You get used to it at this point.. With them acquiring BrandRoot, not sure if I will add more names after the current dozen are reviewed.

vravis9 · Jul 5, 2019

So I think it is already mentioned...

Just to point out again..

I submitted 10 names five days ago and no update yet

The site says they will give update in 72 hours...

Here members mentioning more than 2 weeks...is it same for all new submissions..?

And there is no chat support...or did I miss to find it ?

Thanks

Martins B. · Jul 5, 2019

vravis9 said:
So I think it is already mentioned...

Just to point out again..

I submitted 10 names five days ago and no update yet

The site says they will give update in 72 hours...

Here members mentioning more than 2 weeks...is it same for all new submissions..?

And there is no chat support...or did I miss to find it ?

Thanks

It is currently 3-4 week delay for reviews.

cabotower · Jul 5, 2019

bp wait time at least 8 days.submitted to bb june 20,still waiting

Martins B. · Jul 5, 2019

They just reviewed June 11

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