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

 

[JimJammy]

@Grilled Jesus Why don't you login to your BB backend and 'edit your domain' to reduce the price by 10% (or to whatever you agreed with the purchaser)? Then you don't have to bother BB and the purchaser can press the button now.

 

[Grilled]

@Grilled Jesus Why don't you login to your BB backend and 'edit your domain' to reduce the price by 10% (or to whatever you agreed with the purchaser)? Then you don't have to bother BB and the purchaser can press the button now.

I lowered the price to the minimum allowed. The additional 10% reduction is in reference to the 10% PreApproved discount.

 

[JimJammy]

Ahhh OK, I wondered if you had left the price where it was (or increased it) thereby allowing you to 'reduce the price by 10%' without having to contact BB.

I understand now.

 

[DNGear]

Congrats @Grilled Jesus

 

[KDN]

Congrats @Grilled Jesus!

 

[Keith DeBoer]

I lowered the price to the minimum allowed. The additional 10% reduction is in reference to the 10% PreApproved discount.

Show attachment 25643

Hey @Grilled Jesus! Congrats on the potential sale. I hope it goes through for you.

As a suggestion for you or maybe others who may be contacted by potential buyers. You may not be aware but BB has a dedicated, professional sales person. So when I get an email from a buyer I simply refer them back to BB saying I'm under contract and all negotiations must be done via BB's office. I then forward the buyer's email to BB and tell them to contact the buyer. I also let BB know what my lowest acceptable price for the domain is. Then I let the BB professional go to work.

I think that by communicating with the buyer and changing pricing etc. you show the buyer you are desperate for a sale and he will push for a big discount and not only will you get less money but it will likely spoil the deal because BB won't sell domains for peanuts as word gets around and it undermines future sales.

So my advice to anyone in this situation is to stay strong and hand the ball to BB. Don't talk to buyers and don't change your pricing. BB sells 3-4 domains every weekday and they do this for a living and they will get you the highest possible price for your domain as they are very motivated by their commission.

In any case, I hope the deal goes through and you get a big fat pay check!!

Cheers,
Keith

 

[hookbox]

Hey @Grilled Jesus! Congrats on the potential sale. I hope it goes through for you.

As a suggestion for you or maybe others who may be contacted by potential buyers. You may not be aware but BB has a dedicated, professional sales person. So when I get an email from a buyer I simply refer them back to BB saying I'm under contract and all negotiations must be done via BB's office. I then forward the buyer's email to BB and tell them to contact the buyer. I also let BB know what my lowest acceptable price for the domain is. Then I let the BB professional go to work.

I think that by communicating with the buyer and changing pricing etc. you show the buyer you are desperate for a sale and he will push for a big discount and not only will you get less money but it will likely spoil the deal because BB won't sell domains for peanuts as word gets around and it undermines future sales.

So my advice to anyone in this situation is to stay strong and hand the ball to BB. Don't talk to buyers and don't change your pricing. BB sells 3-4 domains every weekday and they do this for a living and they will get you the highest possible price for your domain as they are very motivated by their commission.

In any case, I hope the deal goes through and you get a big fat pay check!!

Cheers,
Keith

That's bad advice. Be in control of your own destiny. Giving the sales lead to someone under BrandBucket's control could lead to them promoting one of their own in house names and kicking your name to the curb. You don't know this will happen but you don't know it won't happen either. Anytime you have a chance to talk directly to the buyer then do it.

Showing a potential customer you are willing to work with them by giving a small discount isn't a bad thing. Stick to your guns to much on pricing and you will end up selling a lot less names. Knocking $1,500 off of a $2,000 name shows desperation but knocking off a small percentage does not.

 

[bazabizo]

That's bad advice. Be in control of your own destiny. Giving the sales lead to someone under BrandBucket's control could lead to them promoting one of their own in house names and kicking your name to the curb. You don't know this will happen but you don't know it won't happen either. Anytime you have a chance to talk directly to the buyer then do it.

Showing a potential customer you are willing to work with them by giving a small discount isn't a bad thing. Stick to your guns to much on pricing and you will end up selling a lot less names. Knocking $1,500 off of a $2,000 name shows desperation but knocking off a small percentage does not.

I respect both opinions, but I must say I share those doubts as well! Actually, thats one of the reasons I left BB!

Cross selling is a major factor of success for them and its a legit means of doing business. HOWEVER, there are ways to make otherwise, which left me suspicious to an extent of leaving the platform!

When you see some are performing much better than others, and the portfolios share the same criteria, then something is going on!

I still do regret sometimes that I left BB and there are names that would've only be sold on BB, but overall I think Im getting more profitable outside and with a great peace of mind. I am actually cross selling my own names when approached. If a customer offers 100 for a 5K domain, I get back to them over the phone with a couple of $xxx options in case they are actually on a tight budget! What happens when a similar situation happens at BB? They will get back to the prospect with a couple of $xxx options, but will it be your names? Do you seriously think so? :P

I will leave that one open, to the average-high IQ domainer to decide!

 

[Embrand]

Hey @Grilled Jesus! Congrats on the potential sale. I hope it goes through for you.

As a suggestion for you or maybe others who may be contacted by potential buyers. You may not be aware but BB has a dedicated, professional sales person. So when I get an email from a buyer I simply refer them back to BB saying I'm under contract and all negotiations must be done via BB's office. I then forward the buyer's email to BB and tell them to contact the buyer. I also let BB know what my lowest acceptable price for the domain is. Then I let the BB professional go to work.

I think that by communicating with the buyer and changing pricing etc. you show the buyer you are desperate for a sale and he will push for a big discount and not only will you get less money but it will likely spoil the deal because BB won't sell domains for peanuts as word gets around and it undermines future sales.

So my advice to anyone in this situation is to stay strong and hand the ball to BB. Don't talk to buyers and don't change your pricing. BB sells 3-4 domains every weekday and they do this for a living and they will get you the highest possible price for your domain as they are very motivated by their commission.

In any case, I hope the deal goes through and you get a big fat pay check!!

Cheers,
Keith

I am actually surprised by how few potential buyers contact me directly. I regularly get direct inquiries about my Sedo listings, but rarely about my BB listings.

I guess that is a testament to the strong brand BB represents among buyers. I have to say if I were a buyer myself, I sure would prefer a great looking BB sales page to a dull Sedo page, even if all that really should matter is the domain in question and the price.

 

[canswift]

If you search for 'Beer' or 'Brew' or 'Brewery' you also get just one short page of results on BB. Neither of my clients can find a name on BB that suits them...yet.

Excellent post on the BB experience, I really appreciated the eBay analogy as that's what I've thought for a while and not worried too much as the number of names crept up.

I have a couple of names that BB did not take that I specifically submitted as I'd thought they'd be great as names for a brewery or beer brand. They just didn't fit the BB template I suppose….

 

[Griux]

"For your domains that are a good match for our marketplace, you will receive an email with a suggested listing price. You can then log in to complete your listing, which means filling in the description and other nitty gritty details, and finalizing the pricing." Is it mean they accepted my domain?

 

[Griux]

Because in the past they didn't sent me emails, when i submitted a domain, when i logged in my account, and the pending review changed, and in 2hours changed again back to pending review

 

[campout]

@Griux I always get an e-mail when they accept or reject my names.

 

[nparab]

"For your domains that are a good match for our marketplace, you will receive an email with a suggested listing price. You can then log in to complete your listing, which means filling in the description and other nitty gritty details, and finalizing the pricing." Is it mean they accepted my domain?

This text is from the email you get when you submit a domain. When your domain is accepted or rejected, you get a separate email notifying you of their decision.

 

[Grilled]

You may not be aware but BB has a dedicated, professional sales person

Are you referring to Khalan ([email protected])?

I emailed both Khalan and Julia with a request to send my buyer a purchasing link at 7:00 AM this morning. It's now 4:00PM (2:00 AM for my buyer) and I have yet to hear back from BrandBucket. My hopes is they have been in communication with my buyer as they also sent an inquiry prior to my email.

 

[NameOffice.]

82 names, annualized 984 out of about 26000 names, that is almost 4%. That is impressive, if BB can keept it up.

It's interesting how that number is higher at Brandroot. They have heaps more names than we do, yet their turnover rate is lower? BB is no doubt monetizing quite a bit on type-in traffic. If Brandroot lost traction on Google I guess we would take on 10's of thousands more names to get more type-in traffic sales. Pretty smart.

 

[Shimmy]

It's interesting how that number is higher at Brandroot. They have heaps more names than we do, yet their turnover rate is lower? BB is no doubt monetizing quite a bit on type-in traffic. If Brandroot lost traction on Google I guess we would take on 10's of thousands more names to get more type-in traffic sales. Pretty smart.

It sounds like you are proud and should be proud of your ratio. So, why not post actual numbers?

 

[Grilled]

It's interesting how that number is higher at Brandroot.

Can you publish more specific stats? BrandBucket has been kind enough to publish there's their's.

If Brandroot lost traction on Google

Below is public information provided by SemRush.com that confirms your success with Google from a US search perspective.

VS

 

[NameOffice.]

I saw this data from SEM when I visited their booth at Namescon. Their data is off by a lot. 428 backlinks? That is incredibly too low and so is the organic traffic.

Also BB's paid search is highly inaccurate. Their ads are everywhere. So far we have been fortunate enough to not have to waste so much money on ads and use that money on real marketing and branding efforts, like sponsoring Namescon and other events.

 

[NameOffice.]

It sounds like you are proud and should be proud of your ratio. So, why not post actual numbers?

We share our numbers publicly. Nearly every sale is public on the site. We share more detailed information when we are working to recruit a large portfolio holder.