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

 

[Dominic Belley]

There are around 300 sellers.

A way someone could take advantage of names expiring, he could reach out each of the sellers by email proposing them to pay $10 (or any other amount) to have their expiring domain transferred to his BB account.

If someone has 5-10 names that he will let expire, he could be interested in getting 50-100$ back instead of 0.

 

[Michael M]

There are around 300 sellers.

A way someone could take advantage of names expiring, he could reach out each of the sellers by email proposing them to pay $10 (or any other amount) to have their expiring domain transferred to his BB account.

If someone has 5-10 names that he will let expire, he could be interested in getting 50-100$ back instead of 0.

No doubt... Though I think BB may catch on eventually and probably ban someone employing this strategy. Especially if someone automated it (or didn't pay attention) and emailed Michael Krell.

 

[Michael M]

I have an idea of how to track BB's sales... Just don't know if I want to spare the time or desire to develop it - so I will share the idea.

Crawl their website, build up a database. Then monitor the whois info and the website.

When the site disappears from their website and the whois owner changes then you could assume the sale.

This is the only way to estimate their sales without them releasing the info. Of course it woudn't be 100% accurate, but it would be close.

You're welcome to anyone who wants inside info on BB. I just gave you a way.

If someone did this, it would be mighty kind of them to share the statistics here.

 

[cocaseco]

He actually owns 14% of the inventory. He owns 2,767 out of 19,585 names. His number will continue to increase because guess who gets to choose all those names that are listed when people decide not to renew anymore? Yep, you guessed it.

What's wrong with that? lol, ok I can't even type it with a straight face.

Michael owns 14.13% of BB names now.

What would have been your solution to keep the inventory around 5000 domains? Only allow a small private network of 50 sellers all owning 100 names each?

Most of us would not be here talking about BB because we would not have the opportunity to be sellers.

@DoumB21 remember, that was the original business plan. Their original and public plan was to have a much smaller selection of highly curated names. The goal was for a CEO or decision maker to be able to browse the ENTIRE site in one evening. That was the publicly communicated statement from the owner of BB. So I think what London is saying isn't so much about 5000 being the right answer or only allowing small groups of domainers, it is that 20,000 is simply way to many. Especially in light of the original plan. I'm sure he will correct me if I'm wrong.

 

[cocaseco]

No doubt... Though I think BB may catch on eventually and probably ban someone employing this strategy. Especially if someone automated it (or didn't pay attention) and emailed Michael Krell.

Why do you think this would be bannable? At this time they do allow transfers and I don't think there are any limitations on how they are obtained.. For me my que is empty and I don't plan on submitting anymore. Anything I add from here forward will be through acquisition. There is a price at around $30 to $40 where it is better to buy the name than it is to buy new names and submit with a 20-40% approval rate.

Although now with the much better processing times, it should be possible to buy a name, submit it and then drop it if it isn't accepted:D. That removes the cost to carry any unaccepted inventory. There are lots of borderline techniques being used on BB to game the system and they don't seem to care. I'm not sure I would do any differently either. As long as they are consistently adding good quality names it probably shouldn't matter.

 

[Dominic Belley]

@cocaseco

No I understand that 20K is a lot.

But it was illogic to think BB inventory would stay under 5-8K names by having an open public sign up form. They should have said "only the first 50 sellers signing in will be allowed to sell on our platform each allowed to publish 200 names.".

If you want to control the number of domains in your marketplace, you have to remove the sign up page. You just let in a few lucky sellers and they will take care of the inventory.

--

But the $10 listing fees will considerably slow down the inventory progression. We started to notice it already. People do not have credits anymore and new sellers will quickly realize it is expensive to get a 15% success rate and have to pay that 10$ fees in addition.

 

[cocaseco]

@cocaseco
But it was illogic to think BB inventory would stay under 5-8K names by having an open public sign up form.

Perhaps, but that was the goal and the vision.

I actually think it was completely achievable and actually increased the value of being on BB. But at this point I have to give them the benefit of the doubt that they saw something that indicated this was the better way to go.

 

[Michael M]

Why do you think this would be bannable? At this time they do allow transfers and I don't think there are any limitations on how they are obtained..

I just assume they may consider it emailing sellers outside of their system to acquire names - which was bannable by their Terms of Service if I recall correctly. Though technically you are only trying to grab the drops before they drop - so in theory they should look the other way.

 

[London555]

When was the last time Michael Krell checked in here?

 

[equity78]

Michael is on vacation.

 

[campout]

I am now at 7,228 "listed-days" and can report I had my second sale last week.

P I T Z O

Equates to a 10.1% annual sell-through rate... beginner's luck??

My ~100 domains have been listed for an average of ~2.5 months each.

 

[hookbox]

Michael is on vacation.

Now we know why only 575 names have been added in the last 16 days.

 

[Dominic Belley]

Now we know why only 575 names have been added in the last 16 days.

Well my submissions continue to be reviewed within 4-5 days and after I paid fees for my 11 domains yesterday, they were already in logo phase a few hours later.

 

[Dominic Belley]

August 22nd : Registration and submission of Wagera.
August 31st : Reviewed and approved.
September 2nd : Paying fees and listing.
September 4th: Live for sale.

It took 13 days for the whole process.
And only 2 days after I paid the fees for them to write description, create logo and publish.

That's quick.

 

[Brandchovy]

I am sensing a higher rejection rate of late in relation to submissions that I consider are better than the names I currently have listed on BB.!! not sure if they are putting the brakes on names as they get close to the 20K mark

 

[Dominic Belley]

I am sensing a higher rejection rate of late in relation to submissions that I consider are better than the names I currently have listed on BB.!! not sure if they are putting the brakes on names as they get close to the 20K mark

The weird thing is that on my side, my recent approval rate has never been so high. I used to be around 25-28% .. I now flirt with 35%.

 

[Dominic Belley]

BB is at 19,578 today ... is it that 7 domains where removed in 1 days or there was some sales.

Again today a big drop in inventory quantity during the night.
Down to 19,466 ... 112 less then yesterday.


EDIT : 2 hours later ... count is 19,446 .. 20 less domains.

 

[London555]

It took them 15 years to find Whitey Bulger-I wonder how long it will take us to find Michael Krell?

 

[London555]

Again today a big drop in inventory quantity during the night.
Down to 19,466 ... 112 less then yesterday.


EDIT : 2 hours later ... count is 19,446 .. 20 less domains.

D-why wouldn't you just buy all pre approved and published names and have 100% approval rating for not much more money re listing fess etc. ?

 

[Dominic Belley]

D-why wouldn't you just buy all pre approved and published names and have 100% approval rating for not much more money re listing fess etc. ?

I purchased around 20 published names in the last month.

But to be honest, finding names and receiving the "approved" email is a big part of the pleasure for me. I wonder how cool must be the feeling to get a sale email from BB ..ahah

I do all this mainly for fun and I have more fun submitting domains than buying already approved names.
I don't mind if it cost me a bit more. I feel I am selling names I like and found and not other peoples names.

But of course for a pure "money logic". I should buy already approved names.