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

 

[Dnbolt]

I'm honestly not a very analytical person when it comes to domains. Yes, I have an extensive keyword list that I have built through the years, but it's not like I don't buy a name because only one of those keywords sold the previous year, and I choose to purchase a name because 10 sold a previous year. There are obvious exceptions like knowing that "cloud" or "chat" are good keywords, but it's not like I have a chart of hundreds of keywords weighted with how many sales I've had in each one. I could guess, but I couldn't tell you for sure what my 5-10 most profitable keywords even are.

When I invest, all I am looking to do is add more quality names to my portfolio based on my experience and knowledge of the startup industry.

Sounds like an unfair advantage to me. "Based on my experience and knowledge of the startup industry" this alone is powerful enough to cruch it and I can see you crunching sales hard. Not everyone knows how to use keyword list and much more.

 

[Arca]

Sounds like an unfair advantage to me. "Based on my experience and knowledge of the startup industry" this alone is powerful enogh to cruch it and I can see you crunching sales hard. Not everyone knows how to use keyword list and much more.

How is having knowledge of the startup industry an unfair advantage?

 

[Dnbolt]

How is having knowledge of the startup industry an unfair advantage?

Becuase not every one knows about it and is blindly buying domains. I too have an unfair advanatge but krell is sitting on top of users on brandbucket. Managing director competing with ordinary users is an unaccepatble unfair advantage. So I hope you get my point.

 

[12345]

The concerns have been some bad quality logos for non-related sellers, not all names being listed on newsletters, other seller's names promoted on landing page (is this fully automated based on keywords?), insiders having better access to data/analytics etc. and, any/all of those factors could have contributed to the discrepancies.

More data/analytics made available to unrelated sellers could help a lot, for example. Letting sellers have some say in logos would help too, and so would mixing in seller's own domains to suggested alternatives.

I am more than happy to address these type of questions

If anyone has a concern about a logo, I would be happy to take a look at it for them. We have worked hard to increase the quality of our logos overall, and we feel that things have dramatically increased over the last 6-9 months. The additional suggested names are an entirely automated process that gives them similar names to the one you are looking at.

We will be releasing some general sales data for our active sellers and giving the seller some more input on the logo is something that we are considering.

 

[Dnbolt]

I am more than happy to address these type of questions

If anyone has a concern about a logo, I would be happy to take a look at it for them. We have worked hard to increase the quality of our logos overall, and we feel that things have dramatically increased over the last 6-9 months. The additional suggested names are an entirely automated process that gives them similar names to the one you are looking at.

We will be releasing some general sales data for our active sellers and giving the seller some more input on the logo is something that we are considering.

Wait wait, why are you planning to realse sales data for only your active seller and not that it would be anything new. You should release to everybody.

 

[JimJammy]

The concerns have been some bad quality logos for non-related sellers

I kept out of this at the time, but if you look at what they were whining about...

@Domainzy Do you not see the difference between the logo's in question and the logo's you provided in response? Maybe these companies have a different definition of "Less is more"

Then look at these sales (remove dashes):
https://www.brandbucket.com/u-p-c-a-s-a
https://www.brandbucket.com/h-e-d-g-d

People buy a domain based on the name. The logo is just an indication of what it could look like.

 

[Recons.Com]

I kept out of this at the time, but if you look at what they were whining about...

Then look at these sales (remove dashes):
https://www.brandbucket.com/u-p-c-a-s-a
https://www.brandbucket.com/h-e-d-g-d

People buy a domain based on the name. The logo is just an indication of what it could look like.

This kind of analysis is useless, unless supported by numbers. Meaning, you'd need to see % of this type of logos in the overall inventory (or perhaps in the latest, if it is a recent fad) and then check with the % in the sales.

Or generally, bad logos/total logos in inventory to bad logos/total logos in the sales.

If logos don't matter, why then to charge for them? Just automate the script to assign a fancy font and color, post it, get done with it.

 

[Dnbolt]

This kind of analysis is useless, unless supported by numbers. Meaning, you'd need to see % of this type of logos in the overall inventory (or perhaps in the latest, if it is a recent fad) and then check with the % in the sales.

Or generally, bad logos/total logos in inventory to bad logos/total logos in the sales.

If logos don't matter, why then to charge for them? Just automate the script to assign a fancy font and color, post it, get done with it.

Logo stimulates sales. If there is cause for an action (having great names) then logo adds to the cause of taking an action which is "Buy now" My friend it just some Phycology going on.

 

[Michael Seatory]

People buy a domain based on the name. The logo is just an indication of what it could look like.

I agree that the name is the most important factor however the logo is also important otherwise BB would just have a list of domain names.

As the domains are presented as logos on the site if a logo is particularly smaller than others for example the name may not even be seen by somebody browsing through a few pages as their eyes are drawn to the larger or more attractive logos.

$500 is way too much. I would like to see BB allow users to upload their own logos and cap the logo fee at $100- $200 at a push to make a more level playing field for all sellers.

 

[JimJammy]

This kind of analysis is useless, unless supported by numbers. Meaning, you'd need to see % of this type of logos in the overall inventory (or perhaps in the latest, if it is a recent fad) and then check with the % in the sales.

Or generally, bad logos/total logos in inventory to bad logos/total logos in the sales.

If logos don't matter, why then to charge for them? Just automate the script to assign a fancy font and color, post it, get done with it.

I didn't say they didn't matter. I said a logo is just an indication of what it could look like.

Do you expect the logo designers to work for free? Of course they have to charge for them! As you and I both know, these logo designers might only get paid for one out of every 100 logos they design.

An automated script would probably be a great idea

 

[JimJammy]

I would like to see BB allow users to upload their own logos and cap the logo fee at $100- $200 at a push to make a more level playing field for all sellers.

You can upload your own logos. Just apply to be a logo designer.

 

[Arca]

I am more than happy to address these type of questions

If anyone has a concern about a logo, I would be happy to take a look at it for them. We have worked hard to increase the quality of our logos overall, and we feel that things have dramatically increased over the last 6-9 months. The additional suggested names are an entirely automated process that gives them similar names to the one you are looking at.

We will be releasing some general sales data for our active sellers and giving the seller some more input on the logo is something that we are considering.

Can you let sellers add 1-2 keyword tags for each name? Many domains are missing essential keywords, meaning they don't show up when they should.

For example, I have the name I N C U B I A, which is based on the word "incubation" - But if somebody searches for "incubation" it is not listed among the search results, because that keyword tag was not added. Only one name based on this word, I N C U B A T E L Y, shows up, giving it a much higher chance to sell, if the buyer is looking that kind of name.

When the right tags are not added, it lowers the chance of a name selling, since buyers looking for that kind of name will not be able to find it, even if they type in the "right" keyword.

 

[12345]

Yes, @Arca This is also something that we are seriously considering.

 

[Arca]

@michaeljkrell - Could you shed some light on how your name reviewing system works? In the interview with Raymond, you mentioned that BB now has 6 name reviewers.

@michaeljkrell - Could you elaborate on this?

 

[Recons.Com]

I didn't say they didn't matter. I said a logo is just an indication of what it could look like.

Do you expect the logo designers to work for free? Of course they have to charge for them! As you and I both know, these logo designers might only get paid for one out of every 100 logos they design.

An automated script would probably be a great idea

I am not asking for something impossible. I am also on BR and I pay the same amount as with BB, but get generally better logos. I have a chance to like/dislike the proposed logo, which puts pressure on designers not to do lazy jobs.

 

[12345]

Sure. We have 5 people, in addition to myself or Margot, that look at every name that comes through. They give the name a 'yes or no' and then suggest a price. These additional eyes reduces the chances of name being rejected that shouldn't be.

 

[JimJammy]

I am not asking for something impossible. I am also on BR and I pay the same amount as with BB, but get generally better logos. I have a chance to like/dislike the proposed logo, which puts pressure on designers not to do lazy jobs.

I understand there was a batch of logos that were disliked by a certain set here. I was pointing out that names with that type of logo sold regardless.

And yes, I do understand the point you are making. It would be nice to be able to choose the perfect logo but I suspect the financial implications of that make it difficult (I don't know).

I suppose the only way to get what you feel is the perfect logo for your name is to apply to be a logo designer and design your own logos.

 

[Recons.Com]

Sure. We have 5 people, in addition to myself or Margot, that look at every name that comes through. They give the name a 'yes or no' and then suggest a price. These additional eyes reduces the chances of name being rejected that shouldn't be.

Michael, this does not help much, unless those people have been completely free from your/Margot's influence.

If a group of people are constantly interacting on the subject, eventually they will get the same bias.

Example: r/e/g/i/o/n/l/y went through all of the 7 pairs of eyes at BB, was requested second look and was still rejected, but got accepted right away to BR. I can be subjective, but would anyone be surprised if a startup offering a localization service in any industry chose this name? And BR did fantastic job with logo for it too. Just type in the domain and see.

You rejected m/y/r/t/l/e/s, a name that stands for a flower tree that is also associated with top touristic US destination (Myrtle Beach). There is a wide range of businesses that would do great with a flower association, single or plural. Nevertheless, 7 pairs sharing common bias rejected it. I get regular offers for this name in $1k to $2K region with zero promotion. I have two mid $xxxx offers for f/i/n/w/o/r/l/d and, incidentally, there are already few companies using that name around the world, but it got rejected. Now, I am not the type that believes BB is some kind of "kingmaker" that decides which names are valuable and don't dump them because they were rejected, so it is not a big deal, just small nuisance.

 

[London555]

I've sold 11 domains. My names are below the average price. My profit is approx $17,000 from BB plus approx $2,000 from selling the rejects cheaply. $8,000 has been withdrawn the rest has been reinvested and I've grown my portfolio from 1 to 500 over 12 months, slow growth at first then bigger growth in 2016.

My sales rate as grown as I've got smarter

Sorry i misunderstood-your profits are $17,000 from BB i thought you meant your total sales were 17K. Sorry-then that's pretty good if your net after renewals-rejects etc was $17,000. Congrats.

 

[equity78]

Regionly.com should have been accepted IMO, especially with how many .coms ending in ly sell on BrandBucket.

Michael, this does not help much, unless those people have been completely free from your/Margot's influence.

If a group of people are constantly interacting on the subject, eventually they will get the same bias.

Example: r/e/g/i/o/n/l/y went through all of the 7 pairs of eyes at BB, was requested second look and was still rejected, but got accepted right away to BR. I can be subjective, but would anyone be surprised if a startup offering a localization service in any industry chose this name? And BR did fantastic job with logo for it too. Just type in the domain and see.

You rejected m/y/r/t/l/e/s, a name that stands for a flower tree that is also associated with top touristic US destination (Myrtle Beach). There is a wide range of businesses that would do great with a flower association, single or plural. Nevertheless, 7 pairs sharing common bias rejected it. I get regular offers for this name in $1k to $2K region with zero promotion. I have two mid $xxxx offers for f/i/n/w/o/r/l/d and, incidentally, there are already few companies using that name around the world, but it got rejected. Now, I am not the type that believes BB is some kind of "kingmaker" that decides which names are valuable and don't dump them because they were rejected, so it is not a big deal, just small nuisance.