- Impact
- 1,351
This one was under my radar and I dont remember hearing it discussed much on here. Does anyone have any experience with this company or owners etc?
Yes that's clearly stated in their Terms of Service.From what I understand, they ask you to provide your own logos.
Is Branddo an exclusive marketplace like Brandbucket? Is anyone from Branddo a member here on Namepros?
I'd rather pay 30% to a marketplace that does the job than 12% to the one that would passively wait for sales to happen.
They also denied my first request for the annualized sales rate of their marketplace.
I'd rather pay 30% to a marketplace that does the job than 12% to the one that would passively wait for sales to happen.
Think about it. BB, with the most names sold (not the best rate though), sells around 900 names in a year. That is about $2,000,000 in sales. 30% of the amount is only $600,000 to pay salaries, do advertising/marketing and networking.
Bottom line BB makes good money. For $10 listing fee and 30% they should sell more domains.
Might have been four months since your poat but that is exactly the feeling I got when I read their terms the other day. Another point I did not like was the escrow fees shared term. What? 12 % comm, logi made by seller, then you also pay escrow ? No Thank you. I am not impressed.I'd rather pay 30% to a marketplace that does the job than 12% to the one that would passively wait for sales to happen.
Of course, they might get free targeted traffic from google, but 12% is too small a budget to really promote the names.
Think about it. BB, with the most names sold (not the best rate though), sells around 900 names in a year. That is about $2,000,000 in sales. 30% of the amount is only $600,000 to pay salaries, do advertising/marketing and networking.
Now, if Branddo will manage to sell 200 names in a year, which I doubt (how many names do they have, by the way?) and do $400,000 in sales, their commission would only be $48,000. That leaves nothing to promotion.
That goes on to show that the whole domain industry by size is peanuts industry, very small total global market size. The biggest attraction being a) low barriers to entry; b) fairy tales going around about hitting an accidental jackpot here and there.
Might have been four months since your poat but that is exactly the feeling I got when I read their terms the other day. Another point I did not like was the escrow fees shared term. What? 12 % comm, logi made by seller, then you also pay escrow ? No Thank you. I am not impressed.
I just sold a domain listed at $750, cleared $660 after their fees.
Can't see the issue, I did get free escrow on first sale, I've asked them what their charge would have been.