NameSilo

BrandBucket era is over

Located in Domain Marketplace Reviews started by Isac, Jan 2, 2018.

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  1. DomainGist

    DomainGist Top Member VIP ★★★★★★★★★★

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    I also think brandbucket is unsustainable and over saturated, the sell through rates are not sufficient to make a good profit after listing fees and huge commission due.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Isac

    Isac Domainglo.com VIP

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  3. Furquah

    Furquah Skipper VIP

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    I am just running out of Luck.

    Or if you use your intelligence and experience then you will know why I didn't registered it.
     
  4. Isac

    Isac Domainglo.com VIP

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    :xf.grin:
     
  5. DomainGist

    DomainGist Top Member VIP ★★★★★★★★★★

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    Don't get too cocky will you....

    Fig 1. Hand reg to $219 in 6 weeks, when Bitcoin price was $300

    aaaaaaaaaaaa.PNG

    Fig 2. $36 to $93, when Bitcoin price was $15,000

    Capture.PNG

    If you are going to start calling people out for their intelligence then I think this is fair play.... hardly a great trade from you a week or two ago!

    None of us are perfect!
     
  6. Furquah

    Furquah Skipper VIP

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    Where I called myself a perfect domainer?

    Where I told people "this over"?

    Where I told people about my Intelligence & Experience?

    I am no one!

    I still don't know what is domaining?



    Do you read "the best part of this sale is, I forget that I am running this auction".
     
  7. DomainGist

    DomainGist Top Member VIP ★★★★★★★★★★

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    The concern that people have is that as brandbucket gets larger and larger, the sell through rate may fall and having a portfolio of domains on the site becomes less sustainable. That is a very valid point of view, and there is a lack of transparency from brandbucket about recent sell through rates.

    There is a point at which it becomes unsustainable for third party sellers, although they may not care because they could do what Amazon does and increase the amount that the sell directly at any point.

    It is unwise for any domainer to rely too much on Brandbucket, instead they should look at diversifying and drawing sales from every marketplace and invest in many different types of domain (e.g. LLLL, generic keyword + brandables).

    A lot of people just seem to be 100% focused on registering stuff for Brandbucket....

    Yes I did read "the best part of this sale is, I forget that I am running this auction", not sure I understand your point though... you questioned another posters intelligence, and I thought I'd point out that selling that domain with a £50 reserve and listing it at Christmas when half of the buyers are going to be taking time off isn't exactly an Einstein move.
     
  8. Grilled

    Grilled khjasdhkfdhdskfhhukdfshkj VIP

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    I suspect insider favortism. Some of the insider favortism may be justified. BrandBucket may not even be aware of all the favortism suspected. IE they may not see the ability for some to edit descriptions / tags as favortism. There is nothing inherently wrong with reward programs, and a criteria of sellers achieving perks. What some may consider wrong, is if a rewards program is done in some sort of secrecy, and then may come off as favortism. An example I found early on was BB had rejected a domain I bought for BB but they declined. Being that I had only listed it to sell on BB (not having my own marketplace) and that BB had rejected it (this told me it's not a brandable domain suited for start ups at that time) and I sold it cheap on NP. Later I notice the domain is published on bb, and it made me wonder why bb accepted my rejected domain for an experienced seller, and not for me. Thus, I don't think it's unfair for others to claim or assume insider BS given the transparency and incidents some have seen.

    This is why [via previous comment in this thread] I asked @Michael M to be more specific on his comment that suggested most conspiracy stories against bb don't stand up. I think if we are to end this insider vs outsider nonsense, we need to have a serious conversation, specifically addressing each concern. I'll start by referring to a somewhat recent previous thread HERE that questioned if BB can buy it's own own domains. But to answer questions such as that, you need to be more specific.

    Can BrandBucket buy its own names? Define who is BrandBucket, and what it is one of their own names.

    BrandBucket
    BB1 = Staff, Owner, and/or Brand Ambassadors?
    BB2 = Funds acquired via bb either via listing fee's, or elsewhere to purchase domains with valuable traffic, or other, to redirect to BB?


    Its Own Names
    ION1 = Domains listed on brandbucket by third party sellers / not related to BB1/BB2 or hired by the specific buyer
    ION2 = Domains listed on brandbucket owned by BB1 or somebody related to / hired by.

    Has BB1 ever bought ION1? Yes, @margotb was very transparent in admitting, when questioned, that a domain [Toygaroo.com] marked as sold and redirected to bb at the time, had been purchased by her. Link HERE

    Has BB1 bought more than one ION1? IDK. To answer that, one would need to audit all sales and/or point out another example. The easiest, and preferred way to answer it would be receiving a direct response / answer from BrandBucket.


    (1) BB1 + ION1

    Is there anything wrong with BB1 buying ION1? I don't think so. The gray area is at what price. Because BrandBucket prices the domain, this is where ethics question can arise. ie If BrandBucket suggests a domain to be listed for $X,XXX, and a seller agree's, then BrandBucket had essentially set both the purchase price. If BB1 thinks they can resell the domain for more than $X,XXX, than what is wrong with giving the seller a price they would accept then and there? If this domain is relisted (or sells) by BB1 for $XX,XXX, could it be considered that BrandBucket had undervalued the initial listing price of the domain? And if so, what does that say to domain owners who don't understand market value? Should they be concerned, or happy that BrandBucket will undervalue the initial listing price, and BB1 may repurchase, and sell it for more? Why not be happy that your domain sold quickly, and because BB1 is allowed to buy? Does BB1 pay the same commission fee's as a buyer would? Or do they receive a 30% break not available to the public?


    This post is long enough as is, but there's still a matter of addressing (2) BB1 + ION2 >>> (3) BB2 + ION1 >>> (4) BB2 + ION2

    As a stopping point for this post, I think all conspiracy theories need to be asked out as specific as possible. Generally, it's easier to answer a specific question, then vague claims.
     
    Last edited: Jan 4, 2018
  9. Haroon Basha

    Haroon Basha IZUQ.COM Gold Account VIP

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    "It would also be interesting to see how many names BB insiders went out and reg'd after they had rejected them and they become available again or if they have a list that contains those names."


    Can you substantiate above claim with valid proof that your rejected domain names were later registered by Brandbucket insiders?
     
  10. Grilled

    Grilled khjasdhkfdhdskfhhukdfshkj VIP

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    Have you read the rant to brandbucket thread HERE? In that thread, I showed an example, including screenshots, of HelloGeneral.com being rejected when I submitted it, and then won at auction, and listed by Mr. Krell. HERE

    upload_2018-1-4_4-3-43.png
     
    Last edited: Jan 4, 2018
  11. Isac

    Isac Domainglo.com VIP

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    And after that :ROFL:

    [​IMG]
     
  12. Grilled

    Grilled khjasdhkfdhdskfhhukdfshkj VIP

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    Hopefully they will be more attentive to NamePros, and their sellers in 2018, than they have been in recent years. To the new year!
     
  13. learie

    learie Upgraded Member Gold Account

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    I have listed 3 domains there recently, should I remove them then...:nailbiting:
     
  14. DomainGist

    DomainGist Top Member VIP ★★★★★★★★★★

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    Only if you want to break the sales exclusivity agreement, which I wouldn't recommend you do.
     
  15. Grilled

    Grilled khjasdhkfdhdskfhhukdfshkj VIP

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    #HODL and take a 🚀 to the moon?
     
    Last edited: Jan 4, 2018
  16. karmaco

    karmaco Top Member VIP

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    You can remove your names anytime you wish you just have to give them a 30 day notice.
     
  17. DBurn

    DBurn Account Auto-Closed

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    I'm guessing BrandBucket saw a good % of their sales being re-listed at higher prices so decided to capitalize on the reseller market in addition to end users. Although profitable for them, they do end up getting bloated, in addition to accepting a lot of low-quality domains IMHO.
     
  18. Isac

    Isac Domainglo.com VIP

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    If not given notice, then ?
     
  19. anantj

    anantj Top Member VIP

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    Account gets suspended
     
  20. Michael M

    Michael M Top Member VIP ★★★★★★★★★★

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    Hey @Grilled,

    I hadn't responded to that as I don't see it as constructive for me to pull up old conspiracy theories, but they can pretty much all be found in the other BB threads.

    I personally don't think there would be any issue with BB/BB staff buying a domain at the listed price on BB from another seller. That seller agreed to sell at that price, the buyer or their purpose shouldn't really matter. I don't think this would happen very often, but don't think it would be ethically wrong. What would go on behind the scenes as far as commissions would not concern me either. I would be profiting minus that commission, regardless.

    Now if BB were to make a habit of buying names off of BB, only to turn around and list it right back on BB with a much bigger price tag, then I feel they would cross an ethical line.


    Most all conspiracy theories do center around "insiders" and "outsiders" - so I think those that are making accusations would be more clear if they could define this - and what perks insiders receive, exactly.

    Keep in mind that any business does inherently own it's platform and therefore is going to be able to derive certain benefits from this position. How they use these "perks" and how they control the public perception of this - is an important business decision that should be given thorough thought. Also, understanding that businesses grow and change is an important point to remember when considering this - but then on the other side of the coin how this company handles themselves as they grow as things change definitely matters.

    I am unaware of any purposeful favoritism or conspiracies against their users at BB to be anything beyond advantages they may have on the editorial level.
     
  21. Michael M

    Michael M Top Member VIP ★★★★★★★★★★

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    You technically are breaking the contract by not upholding your end of it.

    One again technically - if you sold one of the domains you had listed (without notice) , regardless of your sell price - you would owe BB their 30% commission of the listed price at BB.

    Beyond technical and legal, morally you entered into a contract. If you wish to exit - it would be ethical and correct business "manners" to leave in the manner described in your deal.
     
    Last edited: Jan 4, 2018
  22. Grilled

    Grilled khjasdhkfdhdskfhhukdfshkj VIP

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    Thanks for the response.

    I am of the understanding you are a smart, and reasonable domainer. So when I read your comments, I listen a little more closely, and when I disagree, I am attentive to your reasons. Because when your thought doesn't match my thought, either I am not smart enough to understand, or you may have had a misunderstanding yourself. Hence, why I was hoping to engage in the conspiracy debate with you, and other members, to hopefully research, and gain a better understanding of what holds merit vs what doesn't.

    Granted, it could be a big waste of time, as it isn't likely bb will change anything dependent on the results. I was just suggesting a possible way to bridge the insider/outsider divide would be to dive deep into such conspiracies, suspicions, and/or allegations. Some people who may be in the wrong, may have no idea, as they may be thinking an outlyer is standard, or other such perk that may be misconceived. I'm getting a little tired of the divide, and if I played a part into it, I would like to rectify that.
     
    Last edited: Jan 4, 2018
  23. Michael M

    Michael M Top Member VIP ★★★★★★★★★★

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    I appreciate the compliment, but I am just another "keyboard warrior" in this echo chamber. :)

    To be honest I don't have anything to add as far as itemizing conspiracies against BB... I haven't heard any new accusations or evidence of anything against BB for a while now. I think most of the dust has settled, but there are still people who must feel like they were wronged in one way or another - and will always hate and attack BB. There is no way to settle this divide when the people on the other side have no intention of changing their opinion or providing evidence to support that opinion. (which would open the possibility of me changing mine). Until someone provides evidence that is worthy and not just speculation - I believe most are just blowing off steam.
     
  24. London555

    London555 Top Member VIP

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    Hello and Happy New Year. As i said if @michaelkrell simply comes on here, as he has so often in the past pumping the virtues of BB, and states that BB or it's insiders have never bought any names that were listed on their site by domainers and paid for by the domainers and then expired i'd be happy to withdraw my question and state that my assumption was incorrect but for some reason Mr Krell can't be found anywhere on here now. He must be pumping elsewhere.
     
  25. Michael M

    Michael M Top Member VIP ★★★★★★★★★★

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    The sheer volume of domains Krell owns will undoubtedly mean he has picked up a domain that has been listed or rejected in the past. So I don't think he could answer the question the way you say you want him to, regardless.

    But to your point - if Krell did register a domain that was previously listed on BB and was dropped - why is this wrong? If the name was dropped, more than likely someone will be picking it up. Should he not grab any domain that was ever affiliated with BB? If so his pool of domains he can register is narrowed by 40k+. (add in rejects, previously listed, etc and you are probably at 100k+)

    Wouldn't seem fair to say he can't register a domain that was ever in their database - from my point of view.

    I think your point of contention comes down to the fact that staff is allowed to participate in the marketplace. And if that is the case then you make a valid point - but it would deserve a lengthy conversation and debate on rather this is right or not. If you were of the opinion that it is not right - then there would always be the loophole of staff listing domains on another marketplace or landing page.

    When you have domainers creating platforms for domainers - there will always be the feel of a conflict of interest. But in reality - no one else is going to make a platform for domainers. So this conflict of interest is actually industry wide.
     

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