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

 

[12345]

It looks like the backlog of names is definitely subsiding, and you should definitely see things moving quickly along by early next week.

BB would like to thank everyone for their patience!

 

[Doron Vermaat]

I'm disappointed to see that BB has started selling other TLDs, especially after advocating for so long that "if you are starting a new business or building a new product and you want to reach the global Internet audience, there is only one TLD that matters and that is .com”.

.ly domain hacks for $100k? It gives really mixed signals to any potential buyers imo.

 

[PowerDN]

and they are not even redirected to BB

I'm disappointed to see that BB has started selling other TLDs, especially after advocating for so long that "if you are starting a new business or building a new product and you want to reach the global Internet audience, there is only one TLD that matters and that is .com”.

.ly domain hacks for $100k? It gives really mixed signals to any potential buyers imo.

 

[hookbox]

It just proves the point that BB is doing anything and everything possible to make sales. Why don't they show Sold names anymore? Why isn't the name you just got listed there on the front page? If it's not on the front page at least for a little while your chances of selling the name go way down.

I have said for many months that BB is hurting and that is why they are doing site upgrades and accepting less quality names etc…. This proves it. Social.ly at $120,000, Free.ly at $70,000. I'm probably going to pull my names. The only person that sells names on BB anymore is Michael Krell. He has over 600 names listed with only about 20 sales. That's about 3% in sales of what he gets listed. So basically for every 30 names you list you may sell 1. That's not a very good percentage especially since the names have to be exclusive to BB only.

 

[hookbox]

Here is the link from PRWeb about the LY names on Brand Bucket

http://www.prweb.com/releases/2014/09/prweb12140136.htm

 

[margotb]

and they are not even redirected to BB

Hi Rizki,

The nameservers for these names are being updated now. We did not want to forward them prior to the press release, and it may take up to 24 hours for the change to propagate around the web.

 

[margotb]

The only person that sells names on BB anymore is Michael Krell. He has over 600 names listed with only about 20 sales. That's about 3% in sales of what he gets listed. So basically for every 30 names you list you may sell 1. That's not a very good percentage especially since the names have to be exclusive to BB only.

Michael Krell just very recently (in the past 45 days) increased his inventory to the 600 level and he has sold more names in the past week than than he has in the past 2 months, and certainly more than 20 total since he first started working with us. And he is definitely not the only one selling names -- he is the only one posting his sales in this forum, and he is doing so in the correct manner (with slashes and spaces to keep the name out of search engines) that we asked for because our clients wish to keep information about their purchases as private as possible.

This goes to show that you can't assume sales numbers based on the little bit of information you have, so what you are doing is spreading misinformation and rumors. You are doing a huge disservice to the domaining community because if people follow your lead, especially newer domainers who are just starting out with us and take what you say as fact, they will never have a chance to be successful at selling brandable names. Or maybe that's your angle -- to keep other people away from the marketplace to up your chances of selling?

It just proves the point that BB is doing anything and everything possible to make sales. Why don't they show Sold names anymore? Why isn't the name you just got listed there on the front page? If it's not on the front page at least for a little while your chances of selling the name go way down.

We stopped showing sold names with the launch of our new site design primarily as part of our overall mission to SERVE CUSTOMERS -- we are fairly certain showing sold names has either no effect or slightly negative effect on a buying customer, and our new customers have already shown an appreciation that we immediately remove their name from the site so that they can start building their own brand without our legacy information continuing to interfere with their listings in the search engines.

As we expected, the only people to notice or complain about the sold domains not showing are domain owners. We understand that some visibility into sales helps reassure that the brandable domain business is still thriving (and growing), and we are working on a different way to expose information which will most likely require an active seller account to access.

Lastly, there is no evidence whatsoever that having your domain show on the front page increases the chances of a sale. The last 10 domains sold by us have had published dates ranging from 2008 to one month ago. Our site is designed to narrow down the visitor's interest, and guide them toward the right name, regardless of when it was first published. Our customers that like to keep a continuous eye on new submissions either subscribe to our weekly newsletter, or use the "Sort by date added" option in the menu.

 

[margotb]

I forgot to respond to this...

Social.ly at $120,000, Free.ly at $70,000.

These suggested prices are based on actual past offers that the seller has received. I have seen the offer emails, and have even started negotiations on some of these names before they were published to the marketplace. Buyers will pay a large premium for dictionary words -- and if social.com can sell for $2.6 Million, I think social.ly is a bargain at $120k.

 

[Kate]

.ly domain hacks for $100k? It gives really mixed signals to any potential buyers imo.

I have nothing against .ly, but this ccTLD has a very checkered history. And presently Libya is still very unstable.
People really should do more research. I would not set up my online presence on the TLD of an unstable country. Nor would I advise anybody to do so.

15 years ago, Greatdomains used to be a respected marketplace for domain names, but when Verisign bought them, they started pimping .cc & .tv domains. Since then, they have become a shadow of their former self. IMOgoing down the hack route is going to be a huge blow to your credibility.

Buyers will pay a large premium for dictionary words -- and if social.com can sell for $2.6 Million, I think social.ly is a bargain at $120k.

Comparing apples to oranges...

soci.al allegedly sold for 50K (hard to believe and the domain is still not resolving), yet social makes more sense than 'socially'. What's next ? Unpainstakingly is a dictionary keyword too.

 

[Dimitris]

The last 10 domains sold by us have had published dates ranging from 2008 to one month ago. Our site is designed to narrow down the visitor's interest, and guide them toward the right name, regardless of when it was first published. Our customers that like to keep a continuous eye on new submissions either subscribe to our weekly newsletter, or use the "Sort by date added" option in the menu.

I strongly agree. It simply works. All BB buyers know what names they are looking for. Don't expect a guarantee to sell your accepted names. Just because a name is brandable, it doesn't mean that you will sell it the next day. You have to research your brandable domain name niche. Some will sell fast, for some you will have to wait a little bit; and for some other you will have to wait for a long long time unless you're actively racing to achieve their sale.

The names that take a long time to be sold, are not necessarily "bad" names. They are just in a niche that is not trending great.
You have to research trending factors for every brandable domain name niche you choose to stick with. It is somehow like trading on the stock market.

From my experience, tech/IT related names sell more.

 

[hookbox]

Margot said "This goes to show that you can't assume sales numbers based on the little bit of information you have, so what you are doing is spreading misinformation and rumors."

Margot I am not spreading any rumors. Here are the sales facts. Michael Krell (Media Plow) your Brand Ambassador has 694 domains listed at Brand Bucket. As of today August 3, 2014 he has a total of 28 sales through Brand Bucket. 28 sales out of 694 listings shows that he has sold 4% of what he has listed. So the math works out to every 30 names listed you will sell 1.2 names or 1 name. This is not spreading a rumor it is stating a fact.

Margot said "Lastly, there is no evidence whatsoever that having your domain show on the front page increases the chances of a sale."

This makes no sense Margot because you stated this quote below not to long ago. It sure seems like the front page mattered when you made the statement below.

Margot said " I'd have to argue with you about the number of "eyeballs". We get close to 4000 visitors a day, most of which hit the front page, and many who continue on to view several pages and categories."

It seems like from this statement that the majority hit the front page and some will continue past the front page.

As for the .ly names being listed here are the facts about .ly

Here are some listed sales for .ly

rep.ly at $22,500

love.ly at $4,600

secret.ly at $3,500

bold.ly at $5,605

Here is the link to the 240 .ly domains that was being sold on Flippa. Auction went up to $100,500 which is $416 per name.

Now do you really think social.ly is a bargain at $120,000?

http://www.thedomains.com/2014/06/1...oes-unsold-with-high-bid-of-100500-on-flippa/

 

[Dimitris]

I have nothing against .ly, but this ccTLD has a very checkered history. And presently Libya is still very unstable.
People really should do more research. I would not set up my online presence on the TLD of an unstable country. Nor would I advise anybody to do so.

I can assure you one thing, Libya is not going to vanish from the face of the earth any time soon. Certainly, the US based ICANN wont ever delete the .ly ccTLD; but in the worst case scenario (Libya cease to exist for the first time after 8000BC and/or other geopolitical problems arise), ICANN has the authority to re-delegate it to another company (maybe a US based .ly domain hack management company).

 

[12345]

Just wanted to chime in a say that before I went from basically 125 names to almost 700 in the period of 45-60 days, my sell rate was right around 15%-20%

 

[Robozy]

This .ly thing is a gamble that could turn out either way for BB. I personally don't like it because it is contrary to their founding principle of "com is king", and it muddies the waters of what was once a clear pond. There are only a handful of domain hacks that have made it into the big leagues, and most of those that did switched over to .com when they had the chance. The main reason these .ly domains are so pricey is because Brandbucket says so, which is not necessarily a bad thing by itself. But what is to stop them from opening the floodgates to a million other hacks, and devaluing their existing stock substantially? They are already headed down a slippery slope. The diamond industry understands the importance of tightly controlled supply, but BB seems to be reaching too high too quickly.
What they have definitely managed to do is dilute and confuse the market, reduce the individual domain name chance of sale, and anger many of their sellers who have focused on developing the brandable .com niche. I am not jumping ship. I have had some goods sales this year. Even a 4% chance of sale is still good in this business. But I certainly don't like the recent trends - first reducing their transparency by removing sold names, then ballooning their stock with lower quality names (to be fair they probably had to do this to cater for a disregarded segment of the market), and now trying to create value by littering the site liberal.ly with .ly's. The hallmarks of good business are quality products & service and, even more importantly, the development of the people involved. In the case of BB, this should be extended to the third-party sellers. We have paid good money expecting a certain level of service, and that seems to be degrading.

 

[gina ferrano]

Any update on names being looked at? I get the focus has been .ly's and other priorities, but michael you mentioned today as a time fame for catching up to the backlog of names. I have 40 in the pipeline, and I'm getting a bit anxious!

 

[Robozy]

I'm currently waiting just under a month for my submissions to be reviewed.

 

[Calvenor]

I was just about to report nearly a month long waiting for review myself, but funny thing is that I decided to check my email first, just in case ... interestingly enough there it was, BB's reply which arrived less than an hour ago.

1 out of 3 submitted domains was accepted, even though I was kinda expecting 2 to make their way in Not bad after all though, so there seems to be light at the end of proverbial tunnel, or as Galilei once said 'eppur si muove'

 

[Hypersot]

I'm trying to contact Brandbucket for months now and I never get any useful answer except a 'we'll contact you' message from some representative.

All my 'reminder' messages get merged into one with the above 'we'll contact you as soon as possible' message attached

My question:
how are we supposed to get some kind of support without posting in this forum? This is really insulting you know.

In case someone from Brandbucket is reading this, I'd like a response for issue #5817 that I first submitted on the 25th of June.
I'm not interested for an answer about the older issues since those queries are not valid anymore, but please answer on the issue above

thanks

 

[PowerDN]

My domains are just being reviewed today, got 9 accepted out of 13 submitted.

 

[gina ferrano]

Good to hear that those of you waiting a month, have finally had their names looked at! My names are in the 1-3 week range so eventually they'll get around to reviewing mine

I did want to comment on the .ly names. This may be yesterdays news http://techcrunch.com/2011/04/04/le...-domain-name-as-a-result-of-the-war-in-libya/ but several years ago some .ly names had been confiscated for various reasons. Not to mention Libya and Islamic law. I'd be nervous regging a name @ normal price let alone a name @ 5k, 20k, 120k!