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

 

[Arca]

Interesting to read that, but I think perhaps you were too late to the game coming along in late 2016.

Just to clarify, I actively added names between 2015 to fall 2016.

I presume you've sold lots of higher priced names there?

I think it's more due to a high sell-through rate, as I certainly don't have a premium name portfolio with them (the kinds of names they promote under "PREMIUM NAMES" on their homepage). My names listed with them are in the average of $2500, and average sales price is $3500.

 

[JimJammy]

Are you for real? I was a recipient of these perks.

Well my interest is peaked. You stopped adding names not long after the voting system stopped so I'm guessing you didn't get free listing perks when they were trying to recruit you as an ambassador, so you must have had something else. What?

In May you said

It's widely known that insiders have/had more control over some of those factors than regular sellers, e.g. it was previously the case that insiders set their own pricing, and their pricing (IMO) was often far higher than accepted prices set for regular sellers. I think this should have been expected since we all suffer from internal bias, and frequently believe our names are worth more than they are. So self-set prices being higher than normal is quite normal behaviour, but I do think it was a mistake allowing BB insiders to set their own pricing.

I didn't know that. Who was it widely known by? So I'm guessing your perk was you were allowed to set your own pricing?

I asked Keith outright if he sets his own pricing and he told me that he submits his domains and gets them approved/rejected just like everyone else, and the pricing is set by BB. So if Keith (BB Ambassador) doesn't get this, who are you suggesting does?

Or was this something that was in place years ago that no longer exists?

 

[Justin Matmor]

Well my interest is peaked. You stopped adding names not long after the voting system stopped so I'm guessing you didn't get free listing perks when they were trying to recruit you as an ambassador, so you must have had something else. What?

In May you said


I didn't know that. Who was it widely known by? So I'm guessing your perk was you were allowed to set your own pricing?

I asked Keith outright if he sets his own pricing and he told me that he submits his domains and gets them approved/rejected just like everyone else, and the pricing is set by BB. So if Keith (BB Ambassador) doesn't get this, who are you suggesting does?

Or was this something that was in place years ago that no longer exists?

Unsubstantiated - unless he can produce facts.

 

[JimJammy]

Unsubstantiated - unless he can produce facts.

I'm guessing this was probably in place way back when Andrew Rice / Free Votes / Affiliate Program / Etc and is no longer in place. I don't think @Brandworthy is intentionally lying, just guessing incorrectly.

 

[Domaniak]

My Year 1 with BB = $49,000. <--Click the link!

That post was a year ago, almost to the day. Impressive results, nice sum up
Care to share results and reflections of this year with BB?

 

[Arca]

@JimJammy - I'd also be interested in knowing more about your more recent BB experience, especially over the past six months. Any notable changes in sales? You hold one of the largest BB portfolios and still seem very positive towards the bb marketplace value proposition. What makes BB great in 2017? Has the inventory growth and marketplace changes over the past year had a positive or negative impact on your sell through?

 

[Justin Matmor]

I'm guessing this was probably in place way back when Andrew Rice / Free Votes / Affiliate Program / Etc and is no longer in place. I don't think @Brandworthy is intentionally lying, just guessing incorrectly.

I'm not saying he is lying. He just hasn't stated any facts.

 

[Brandworthy]

Well my interest is peaked. You stopped adding names not long after the voting system stopped so I'm guessing you didn't get free listing perks when they were trying to recruit you as an ambassador, so you must have had something else. What?

I did not make substantial use of their voting system as my time was more valuable to me than the listing fees.

I didn't know that. Who was it widely known by? So I'm guessing your perk was you were allowed to set your own pricing?

Most people who followed knew that insiders fit a long time had their names pass through an alternative process which allowed them to list what they wanted at whatever price they wanted.

I asked Keith outright if he sets his own pricing and he told me that he submits his domains and gets them approved/rejected just like everyone else, and the pricing is set by BB. So if Keith (BB Ambassador) doesn't get this, who are you suggesting does?

Present tense. The alternative prices was dropped when enough sellers kicked up.

 

[Brandworthy]

He just hasn't stated any facts.

What's a fact? Please let me know if I've misstated anything here, and feel free to highlight anything I've said which you can disprove.

 

[JimJammy]

@JimJammy - I'd also be interested in knowing more about your more recent BB experience, especially over the past six months. Any notable changes in sales? You hold one of the largest BB portfolios and still seem very positive towards the bb marketplace value proposition. What makes BB great in 2017? Has the inventory growth and marketplace changes over the past year had a positive or negative impact on your sell through?

My sell through rate is pretty poor compared to most (last year and this year). I'm averaging just over a sale a month. Financially, I'm about the same. I would say my sales rate has slightly dropped but the sale price of my domains has increased. The average price I pay for a domain is $22 (some regfee up to $50) so I wouldn't expect to have the same sales rate as someone that is listing quality domains. I think I do a much better job of selling my rejects than most and that bolsters up my brandable earnings.

I also have a completely different strategy (nothing to do with BB) for my day to day domaining and I tend to find that one covers the other during lean spells.

That post was a year ago, almost to the day. Impressive results, nice sum up
Care to share results and reflections of this year with BB?

Yep, I did $49K in my first year of brandable domaining and I've smashed that this year (end-June to end-June). All withdrawn funds went straight into my mortgage. My sale of Wemmo.com on BB was the game changer for me as that was the final payment on my mortgage! I'm now mortgage free and a full time domainer. I will detail it all out when I get a chance.

I know BB isn't for everyone, but I'm really glad I found this opportunity.

 

[Brandworthy]

I didn't know that. Who was it widely known by?

FYI: https://www.namepros.com/threads/brandbucket-experience.793278/page-50#post-4858636

That doesn't give the full context, but the parallel listing process for insiders was discussed in this very thread by BB representatives, so this isn't some sort of conspiracy theory on my part. What that particular post didn't describe in any detail was the "Once accepted" part - insiders had the ability to accept their own names at the price they wanted, so "acceptance" in this case was probably not a very good description of what was happening.

As I stated above, this process was reverted to the regular submission funnel once enough people started complaining. This is all water under the bridge, but I feel it's worth bringing it up since you've come over here from Slack to question my comments.

just guessing incorrectly.

I'm honestly not sure what you think I'm guessing about?

 

[JimJammy]

FYI: https://www.namepros.com/threads/brandbucket-experience.793278/page-50#post-4858636
I'm honestly not sure what you think I'm guessing about?

You were implying that this happens now. That post is over 2 years old! And before my real time, I'd just started on BB.

Anyway, I'm still pleased you managed to get some perks when you could

 

[boker]

Unsubstantiated - unless he can produce facts.

Facts are that 10-20 BB sellers own 50%-80% of the names shown in the searches in the first pages, for the main keywords and the other 10k or so sellers, the rest of 20%-30%, so these can be named perks as well. Of course it's much easier to make sales when you have names constantly showing up in the first pages. Nobody is saying that BB is not good for anybody, but it's great if have names featured in the first pages, otherwise you have much better sale through rate at other marketplaces like afternic, godaddy and even some have better sales at flippa.

 

[Justin Matmor]

Facts are that 10-20 BB sellers own 50%-80% of the names shown in the searches in the first pages, for the main keywords and the other 10k or so sellers, the rest of 20%-30%, so these can be named perks as well. Of course it's much easier to make sales when you have names constantly showing up in the first pages. Nobody is saying that BB is not good for anybody, but it's great if have names featured in the first pages, otherwise you have much better sale through rate at other marketplaces like afternic, godaddy and even some have better sales at flippa.

I own a few keyword names on BB. Majority of these names are listed on the first page of the search results for their respective keyword. This has nothing to do with perks. It is because my names directly match the keyword that is being searched. To suggest that top sellers dominate the search results is an exaggeration...because I have proven otherwise.

 

[Arca]

.

 

[boker]

I own a few keyword names on BB. Majority of these names are listed on the first page of the search results for their respective keyword. This has nothing to de with perks. It is because my names directly match the keyword that is being searched. To suggest that top sellers dominate the search results is an exaggeration...because I have proven otherwise.

You didn't prove anything ....this was proved a few months ago with tens of examples, for 20-30 main keywords and always the result was the same- the same peoples own the majority of names of the first 3 pages. And we are not talking just about keyword names, we are talking about invented names that appear on the first, second or third page for keywords like tech, media, cloud and other top keywords, and 90% of these names are owned by MK and a handful of sellers. There are sellers who own hundreds of invented names but they aren't so 'lucky' to find any names on the first pages....probably BB supporters are just lucky whatever they will do...probably they can list even chinese names like xgkld and they will still be shown in the first page for keywords like 'tech' and family. It has to be nice to be born lucky for BB supporters. The main result of this is that BB reseller market has dropped by 90%, just of handful of peoples still buying names, the rest of them selling. In the last months I'm selling my BB rejects for 2-3 more than my BB accepted, so this is saying something about where BB is going.

 

[Justin Matmor]

You didn't prove anything ....this was proved a few months ago with tens of examples, for 20-30 main keywords and always the result was the same- the same peoples own the majority of names of the first 3 pages. And we are not talking just about keyword names, we are talking about invented names that appear on the first, second or third page for keywords like tech, media, cloud and other top keywords, and 90% of these names are owned by MK and a handful of sellers. There are sellers who own hundreds of invented names but they aren't so 'lucky' to find any names on the first pages....probably BB supporters are just lucky whatever they will do...probably they can list even chinese names like xgkld and they will still be shown in the first page for keywords like 'tech' and family. It has to be nice to be born lucky for BB supporters. The main result of this is that BB reseller market has dropped by 90%, just of handful of peoples still buying names, the rest of them selling. In the last months I'm selling my BB rejects for 2-3 more than my BB accepted, so this is saying something about where BB is going.

No one is born lucky; you need to find ways to make your own luck.

 

[boker]

No one is born lucky; you need to find ways to make your own luck.

You have find yours....I wonder how many 'good reviews' you have to make for BB at namepros to have 1 name featured in the first pages. At your rate of 'reviews' for BB, it looks something like 50 comments or so for 1 name featured- a good deal for BB, you're cheap. If they find ten more like you... namepros will be full of 'how good is BB', for a few names featured. They can't find a better deal.

 

[Justin Matmor]

You find yours....I wonder how many 'good reviews' you have to make for BB at namepros to have 1 name featured in the first pages. At your rate of r'reviews' for BB it looks something like 50 comments or so for 1 name featured- a good deal for BB, you're cheap. I f they find ten more like you...all namepros will be full of 'how good is BB', for a few names featured. They can't find a better deal.

Thanks for the suggestion. Might create a new thread, "How to get lucky on BB - share your experience"

 

[vwblubug]

Hi everybody!

So I had a couple of names put up on BB. They had been accepted for years, but I was hesitant to finalize anything. Well, I recently did, and one of them now has a logo not worth $10, much less the $100 minimum. The other isn't much better, but not as bad. I emailed them about it, but of course, no response. I had better logos for these domains.

It doesn't seem they care about some of the potential sales if their commissions won't be high enough.

If I owned BB, I would have someone inspecting all of the logos before they are listed, at least to make sure they make sense with the domain, or are at least appealing to buyers.

Has anyone else had this issue recently?