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

 

[disaac81]

See the link in my signature.



My honest opinion is... if you (or anyone) is expecting to join BB and make $$$s in profit in the first year then BB is not for you. If your strategy is to build a portfolio of quality brandables using BB to sell enough to enable you to buy more brandables and pay the renewals on your existing ones then BB is for you.

I use most of the funds I get from brandable domaining to grow my portfolio bigger (I have withdrawn some funds). There will be a point in the future I'm sure when I stop buying brandables and just withdraw the funds on any brandables I sell.

Good luck with whatever you decide James

Great post, and thanks for sharing.

How fast did you find you could grow your portfolio (assuming a 20% - 30% acceptance rate). The hard thing for me is getting names rejected that is really believed were a good fit, I know there is a discussion on this in another thread.

Also, would you mind sharing your brandbucket portfolio page url?

Great to hear you have had success. Like most things in life it is hard work and I suppose we have to be positive and be in it for the long haul to grow a large portfolio, rather than expecting sales off the bat.

 

[JimJammy]

Great post, and thanks for sharing.

How fast did you find you could grow your portfolio (assuming a 20% - 30% acceptance rate). The hard thing for me is getting names rejected that is really believed were a good fit, I know there is a discussion on this in another thread.

Also, would you mind sharing your brandbucket portfolio page url?

Great to hear you have had success. Like most things in life it is hard work and I suppose we have to be positive and be in it for the long haul to grow a large portfolio, rather than expecting sales off the bat.

I started with $1,000. It took me a year (from June 2015 to June 2016) to build a BB portfolio of 750 names, as I sold a domain, I reinvested the funds into buying more names and/or renewals. I'm quite hot on renewing early so I don't get caught in a position of not having funds available when the time comes. I'm around 6 months away from having to renew any BB name.

Rejections were tough for me too! I used to get cross that BB didn't share my vision of my fabulous names . This is why I went with building my own landing pages for any rejected names that I intended to keep. Their loss!

It's interesting that you say like most things in life, it is hard work. I've met so many BBers that expect to load up their brandables on BB and have the $$$s roll in. If a standard (non-brandable) domainer bought their domains and loaded them up on a domain marketplace without doing anything else the $$$s wouldn't roll in would they?

You only have to look at the domain sales thread here to see those domainers that are doing that little extra to get their names noticed, whether that be by outreach, twitter, linkedin, their own website or whatever. It's the same with brandables.

As the saying goes, 'the harder I work, the luckier I get'

 

[NetworkPearl]

I have a question , how does BB market our domains and now I see that total domains are 33,000+

 

[Justin Matmor]

I have a question , how does BB market our domains and now I see that total domains are 33,000+

BB would never share their trade secrets otherwise every other marketplace would copy them. What we do know is that BB sells at least 2 names every day.

 

[JimJammy]

I have a question , how does BB market our domains and now I see that total domains are 33,000+

I've been looking for the post but I can't find it.

I remember Michael saying that they don't rely on SEO and adwords (which they still do anyway) and they spend considerable time building relationships... with blog domainers, branding agents, marketing agencies etc etc.

 

[Theydon]

Recently I've had a few emails from BB asking if I would entertain an offer 15-20% under the current asking price. Has anyone else seen the same?

 

[Keith DeBoer]

Recently I've had a few emails from BB asking if I would entertain an offer 15-20% under the current asking price. Has anyone else seen the same?

100% of my sales have been at full asking price. I've never been asked to discount any of my domains.

 

[DNGear]

Anyone got this??

 

[NetworkPearl]

Anyone got this??




Show attachment 35034

Those 33,333 names?

They were like 33,050 2 days ago I think

 

[loredan]

No worries, in two months time (or even earlier) you'll be able to take a screenshot with 44,444

 

[equity78]

Anyone got this??




Show attachment 35034

Got what ?

 

[loredan]

Got what ?

The 33,333 number in the search box

 

[RozasMD]

Anyone got this??




Show attachment 35034

That makes a nice numeric domain

I remember I got 30,000. No screenshot to prove it, though

 

[DNGear]

Those 33,333 names?

They were like 33,050 2 days ago I think

Got what ?

 

[iwon24]

ive only just started on brandbucket and currently only have 5 published with 3 waiting for logo etc.. going to add a lot more over the next few month so will let you know how it goes

 

[NetworkPearl]

Why are they even adding so many names. Even 20,000 were a lot.

 

[disaac81]

They are adding fast and furious now. Quality does not matter with BB it seems they only care about the numbers.

Why?

It's obvious - you pay the listing fee!

 

[Justin Matmor]

The only thing I got was your private email address at the top left hand corner of the screenshot image.

 

[Michael M]

The only thing I got was your private email address at the top left hand corner of the screenshot image.

@DNGear - I didn't notice that because you have to go to full screen view to see it - but he is right. You might want to replace that image with a blurred version or pull it down ASAP.

 

[Michael M]

I have been undecided on BrandBucket and rather to continue or expand my relationship with them for a while, and in full disclosure I still have not made a final decision.

In all honesty - I like the company and the support I have received. They are very professional and courteous from my experience. I have no complaints in this area.

My concern from the beginning has been the BB would loose focus on what drew me to them in the first place - that they were an exclusive marketplace with strict guidelines on quality which therefore would limit quantity of inventory and greatly increase my exposure and domain's credibility by being listed on their site. I have yet to decide that they are not a profitable partner to have, but my concerns have not disappeared or lessened over recent months either.

I am small time with them, started fairly recently and slow (since Aug 2015), and I have only listed just over 30 names. All listing fees paid in cash since I missed the voting credits. Roughly half of these names I feel could command the price listed at BB on a parked page and they would sell with time (and I spent well more than reg fee on these). The remaining half a divided between decent names and some lower quality ones I purchased on NP.

I have not had a sale with them as of yet. 4887 listed days (all domains combined.) 158 average listed days per domain. So definitely too early to draw any conclusions from my lack of sale.

My concerns come down to simple math (since I can't possibly know all that goes on behind the scenes at BB - it's all I can use to deduce the benefits of using their marketplace). Recently it was stated that BB sales roughly 2 names a day. So, not considering domain quality or consumer trends, just looking at generalizations...

33333 listed domains
1/16667 chance of a domain selling on any given day
1/45.66164384 chance of selling a single domain in a given year
0.021900219 annual sale through rate

2%... This is pretty much in line with industry standard across the board for parked domains, correct?

Though I imagine this number jumps up or down greatly on each individual's portfolio...

So is my relationship with them advantageous? Well I am still unsure, because:

#1: I have too few domains on BB to draw a very accurate conclusion on my sale through rate on BB vs a parked page
#2: I have not allowed enough time to pass - since I have such a small sample size I need more time to improve accuracy
#3: I am unsure if BB's sales rate has increased or decreased with its inventory rate. And if so, in what proportion.
#4: I have no idea of the true volume of sales that BB makes or the methods they use to bring in buyers and what exposure my domain is given to those buyers.

I personally feel if BB would release more sales data that people like me, who are on the fence, might would feel more confident to move forward on investing with them on a larger scale. I tend to go for domains higher in value than reg-fee and closeouts - so my entry fee per domain, and therefore risk, is much higher.

Just my opinion, undecided position, and 2cents - for what they are worth.

-Mike.