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

 

[Recons.Com]

Possibly insiders don't pay the listing fees. And here is why this is wrong, if that is the case. Their cost basis is $10 less than yours. So they can compete for the same name better or they can buy more names with the given budget. But, regardless, this would imply they earn less from the listings than stated above.

Further they possibly pay few $ per name to designers. Has anyone here done designer work for BB? Were you paid anything upfront? If they do, then listing revenue after pays to designers and free listings might be small given the fixed expenses of the company.

Now why don't they increase % of the names accepted and bump up the fees?

Here is another conflict of interest. If they are pickier about the names and choose only the ones with higher "inherent sellability" (I just made up the term) that a) requires less exposure and effort to sell; b) provides more type-in and search traffic, then that helps their own average names listed on the platform or just gives them 30% of the sale. For your average that is comparable to the insiders' average, they don't get anything beyond $10 unless they provide fair/sufficient exposure. They'd earn more just buying those averages for $8-20 from drops and expiring listings and keeping the whole amount. They only need the ones that would cost them higher to acquire or they did not see themselves but can see it selling naturally with little exposure.

Now I am strong believer that regardless of where the conflict of interest are exploited, for a company to be considered fair and honest, all those conflicts of interest has to be addressed and eliminated one way or the other. As it is currently, the stakeholders in the company would earn more by taking only the best of the best with few exceptions here and there for few than treating all names by the same standard and having the same hurdles for everyone. I can demonstrate this mathematically, when I get some free time.

Thanks.

If they accepted everything then it would be way to obvious and they would lose all credibility from buyers and sellers. Sellers are already questioning the fees so imagine how obvious it would be if they really started accepting all of the junk instead of just some of the junk.

Here are the real numbers going back one month. In less than one month they pulled in $18,590 in listing fees in 28 days. Round it up to 30 days to equal a month and it's $20,000 in listing fees every single month. $240,000 every year from listing fees. That's a substantial amount of money. If you notice they are cranking up the accepted submissions and the numbers below show this. A few months ago they were accepting around 1,000 every month and now they are at 2,000. Follow the numbers below and you can see that the numbers are going up every single week. Don't even start the argument that they are not worried about listing fees. They live on listing fees.


sun apr 10 0
mon 28
tues 96
wed 50
thurs 81
fri 71
sat apr 16 78

404 domains added = $4,040 in listing fees for one week


sun apr 17 0
mon 34
tues 90
wed 78
thurs 96
fri 92
sat apr 23 71

461 domains added = $4,610 in listing fees for one week


sun apr 24 0
mon 36
tues 91
wed 101
thurs 92
fri 96
sat apr 30 68

484 domains added = $4,840 in listing fees for one week


sun may 1 11
mon 35
tues 92
wed 93
thurs 91
fri 96
sat may 7 92

510 domains added = $5,100 in listing fees for one week

 

[Justin Matmor]

Possibly insiders don't pay the listing fees. And here is why this is wrong, if that is the case. Their cost basis is $10 less than yours. So they can compete for the same name better or they can buy more names with the given budget. But, regardless, this would imply they earn less from the listings than stated above.

Further they possibly pay few $ per name to designers. Has anyone here done designer work for BB? Were you paid anything upfront? If they do, then listing revenue after pays to designers and free listings might be small given the fixed expenses of the company.

Now why don't they increase % of the names accepted and bump up the fees?

Here is another conflict of interest. If they are pickier about the names and choose only the ones with higher "inherent sellability" (I just made up the term) that a) requires less exposure and effort to sell; b) provides more type-in and search traffic, then that helps their own average names listed on the platform or just gives them 30% of the sale. For your average that is comparable to the insiders' average, they don't get anything beyond $10 unless they provide fair/sufficient exposure. They'd earn more just buying those averages for $8-20 from drops and expiring listings and keeping the whole amount. They only need the ones that would cost them higher to acquire or they did not see themselves but can see it selling naturally with little exposure.

Now I am strong believer that regardless of where the conflict of interest are exploited, for a company to be considered fair and honest, all those conflicts of interest has to be addressed and eliminated one way or the other. As it is currently, the stakeholders in the company would earn more by taking only the best of the best with few exceptions here and there for few than treating all names by the same standard and having the same hurdles for everyone. I can demonstrate this mathematically, when I get some free time.

Thanks.

Not sure why you are whinging about conflict of interest. Who cares if insiders have an advantage over us. Brandbucket (when I last checked) is a private business. They are not required both legally and ethically to disclose anything to anyone. No one has forced you to submit your domains to BB. You have chosen to do so voluntarily. That is a decision you have only made. Nor has BB promised to anyone that you will make any money.
If you are unhappy with their service build your own site and compete against BB.

 

[BrandClub.com]

Hi guys, anyone knows if is possible to transfer account credits between users at BB
We left BB almost 2 years ago but we still have 604 credits on our account, so that could pay the listing fee for 60 domains ... Thanks.

 

[Zoltan P.]

Hi guys, anyone knows if is possible to transfer account credits between users at BB
We left BB almost 2 years ago but we still have 604 credits on our account, so that could pay the listing fee for 60 domains ... Thanks.

I'll take it for $100! :D

 

[Chris Hydrick]

If they accepted everything then it would be way to obvious and they would lose all credibility from buyers and sellers. Sellers are already questioning the fees so imagine how obvious it would be if they really started accepting all of the junk instead of just some of the junk.

Here are the real numbers going back one month. In less than one month they pulled in $18,590 in listing fees in 28 days. Round it up to 30 days to equal a month and it's $20,000 in listing fees every single month. $240,000 every year from listing fees. That's a substantial amount of money. If you notice they are cranking up the accepted submissions and the numbers below show this. A few months ago they were accepting around 1,000 every month and now they are at 2,000. Follow the numbers below and you can see that the numbers are going up every single week. Don't even start the argument that they are not worried about listing fees. They live on listing fees.


sun apr 10 0
mon 28
tues 96
wed 50
thurs 81
fri 71
sat apr 16 78

404 domains added = $4,040 in listing fees for one week


sun apr 17 0
mon 34
tues 90
wed 78
thurs 96
fri 92
sat apr 23 71

461 domains added = $4,610 in listing fees for one week


sun apr 24 0
mon 36
tues 91
wed 101
thurs 92
fri 96
sat apr 30 68

484 domains added = $4,840 in listing fees for one week


sun may 1 11
mon 35
tues 92
wed 93
thurs 91
fri 96
sat may 7 92

510 domains added = $5,100 in listing fees for one week

@hookbox Thank you very much for bringing forth more details to light.

I sincerely appreciate the time and effort you've spent trying to make this a better, and more transparent industry.

 

[BrandClub.com]

I'll take it for $100! :D

Hi ... The question is:
Is it possible to transfer account credits between users at BB ???
Can somebody give an answer ???

 

[Chris Hydrick]

Hi ... The question is: is possible to transfer account credits between users at BB ???

I don't know of an exact way, however, I know of a possible work around:

Transfer the domains to the account with credits > Pay listing fee with credits > Transfer domains back to original account (with listing fee now paid)

 

[DNGear]

I just wanted to share my BB profile. If anyone would like to share, Please. www.brandbucket.com/profile/domainnamegear

 

[Chris Hydrick]

First off, congrats on those sales. We always say that just because a name is rejected on BB, it doesn't mean it is a bad name, it just means it isn't a good fit for our marketplace.

In regards to your specific example... G R I D L Y T I C is a nice name because 'grid' is a fairly popular tech keyword, and 'lytic' is short for 'analytic' which is obviously a huge sector in tech these days.

C L E V E R B O U N D was rejected because we don't see the connection in the two words. While 'clever' is a decent keyword it would need to be paired with something else. Say like 'logic', 'cloud', 'bot', etc for it to make sense.

F L I R T W A L L E T was rejected for a similar reason. 'Wallet' is a very nice keyword nowadays, but 'flirt' isn't a good match. Something better that would work with 'wallet' would be 'tech', 'cloud', 'bit', 'coin', etc.

Hopefully this helps. Let me know if there is anything else I can help you with.

@michaeljkrell Thank you very much for chiming in and providing such a detailed response as to why these domains were rejected. I have asked the mods to move your post to the appropriate thread, Discuss BrandBucket Rejects. I have brought this up to you before via PM, but n case you got side tracked, there is a strong community, including myself, questioning why some of their domains have been rejected. I'm sure I, and others, would appreciate it if you stopped by from time to time. Despite any integrity questions I may have, I ALWAYS appreciate your input and insight to the community. Here's the link if you, or anyone else, is not aware of it:

https://www.namepros.com/threads/discuss-brandbucket-rejects.886738/

I had hoped you would have returned to NP to discuss some other pressing BrandBucket concerns, but, you are entitled to your reasons to answering why these domains were rejected first.

 

[Keith DeBoer]

Hey @michaeljkrell this post was really helpful.
It'll be great if you'd consider analyzing some more names for us in the Webinar next week. (that is if you didn't already plan to)
It's okay if you can't, but it'll be awesome if you can.

Thanks in advance for doing the webinar.

Ooh. What's this about a webinar? I hadn't heard about this. Can you clue me in? I'd like to attend.

 

[Keith DeBoer]

Hi ... The question is:
Is it possible to transfer account credits between users at BB ???
Can somebody give an answer ???

I've never heard of anyone transferring credits and there is nothing in the seller's dashboard that would facilitate this. I think the only way it could happen is if the BB transferred the credits for you. I suggest you shoot them an email: info at BrandBucket.com and see what they say.

 

[Candace]

Ooh. What's this about a webinar? I hadn't heard about this. Can you clue me in? I'd like to attend.

@DomainSherpa

 

[JimJammy]

Ooh. What's this about a webinar? I hadn't heard about this. Can you clue me in? I'd like to attend.

https://www.DNAcademy/webinar <-- here it is guys!

 

[Keith DeBoer]

https://www.DNAcademy/webinar <-- here it is guys!

The link doesn't work for me

 

[Eckhart]

The link doesn't work for me

It's missing the '.com' , try adding it manually when you write the link in the browser.

 

[wormfood]

lol namepros automatically messes with the link

 

[Eckhart]

Yep

 

[JimJammy]

Go to the homepage of the website DNAcademy then click on the link right at the top of the page.

 

[Justin Matmor]

Can't disclose. It was news related and I was told by BB news names don't sell.

It is funny how everyone demands BB to be transparent....yet sellers need to be secretive.

 

[Chris Hydrick]

yet sellers need to be secretive.

His sale did not relate to the BrandBucket experience. You are not investing into his company via listing fee's. It is his choice what he wants to share with you. You saying it's funny, is IMO, very disrespectful.

Not all BB sellers who report their sales here are as transparent as they lead you, and everyone else, on to believe.

 

[hookbox]

Great news for you sellers. Before when you would search for a name it would go to a landing page that would then direct you to another page filled with other sellers names. How many potential sales were lost by your traffic converting someone else's sale when they saw a name they liked better.

Seems like BB has finally made a move that benefits the traffic producer only. When you click the Buy It Now button it goes directly to a purchase link instead of showing 10 other names to choose from instead. Great move for it's sellers. Many times a buyer becomes paralyzed to pull the trigger on an impulse buy when to many options are given. Instead of actually completing a sale they leave because they become overwhelmed. This is a monstrous step in the right direction.

I seriously doubt this decision was made by Krell because many times a sizable portion of those 10 names on that page were his. Will this affect his sales? Absolutely. One way BrandBucket is trying to possibly level the playing field for everyone and produce more sales. For once I actually applaud BrandBucket.

 

[Zoltan P.]

Great news for you sellers. Before when you would search for a name it would go to a landing page that would then direct you to another page filled with other sellers names. How many potential sales were lost by your traffic converting someone else's sale when they saw a name they liked better.

Seems like BB has finally made a move that benefits the traffic producer only. When you click the Buy It Now button it goes directly to a purchase link instead of showing 10 other names to choose from instead. Great move for it's sellers...

Great news! This issue has been brought up many times. Now, if we could just add our own keywords and categories...

 

[DNGear]

I find some keywords set as plural like shields,edges, ridges...If they correct it, it would be perfect.

Last week, i had one sale.

 

[hookbox]

Great news! This issue has been brought up many times. Now, if we could just add our own keywords and categories...

Adding keywords is a whole other issue that "The Director" uses to his advantage. Most "regular" sellers have around 10 keywords per domain. On many of the names I looked at Krell sometimes has as many as 40 or more keywords per domain. His keywords are double, triple, quadruple what yours are. You do the math, how many more times will his names show up in searches than yours?

Does this account for the crazy sales rate that no one else has? I'm no mathematician but I would say a resounding Yes. You can't look at names he recently added because he has not had time to add in new keywords. Look at his names that have been already in the system for a month or more and you will see massive amounts of keywords added. I'm sure we will get the typical response to not question his integrity but facts are facts. The screenshot below shows one of his names with 40 keywords. 40!! If he can have 40 keywords then everybody should be able to have 40 keywords also.

https://www.brandbucket.com/profile/mediaplow

 

[Abdullah Abdullah]

Agreed. I was kinda surprised with other market places that might reject your name but still ask you money yo list :D

@Grilled May I know why you disliked this post ?