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

 

[DKN]

Is there any lucky person who got his name sold in just 1 month of his listing?
Or Anyone here who sold his name of BB in least possible time?

I just replied to @Yousaf Saeed. 's this post since he asked about "short-term" sales.

Thanks! You can have all the patience you want. If you hold names that don't cut it, you're out of luck.

BB is shortterm for me. (Hopefully). The ROI is weirdly too low for longterm.

I leave this topic.... Generally I don't want to get in to debate! (Want to let this thread fill with more friendly attitude)

IMO, BB is not a place for quick flip (Yes, there are some quick sales in BB)

If you hold names that don't cut it, you're out of luck.

I can understand your point.

 

[Yousaf Saeed]

Thanks to all for discussing short term and long term cases. Really helped allot to understand about the sales predictions that comes with if you have luck and a good name too.

 

[trelgor]

The ROI on BB is simply amazing I think, even long term.

Regfees + Listing fees + 10 years of renewal = $120 for one domain.
If it sells after 10 years for $1500 - Fees - Designer I get a net $900.

That is over 725% ROI in 10 years. I'd take that anytime.

This is a discussion thread. I am not unfriendly.

This is where you need to be with longterm holding, I think. https://www.namepros.com/blog/mike-manns-broadspectrum-com-sells-for-75-000.868511/

 

[Brandworthy]

Regfees + Listing fees + 10 years of renewal = $120 for one domain.

I've sold 14 names, and not one was hand-regged. All 14 were picked up at auction. That's probably an outlier, and I'm very sure people are selling hand-regged domains on BB, but I'm still waiting for that particular outcome. So for many sellers the ROI will be far smaller than the figures you're suggesting I think.

Looking at the top seller on BB - Michael Krell - you'll find most of his names are picked up at auction etc. Yes, he does have hand regged names in there, but probably a smaller % of the total.

 

[Brandworthy]

Just to add: I have around 370 names listed, with 14 sales. I could look up the exact figures, but ball-park for now - my costs are around $40 per name, and I'd imagine I've netted around $1500 per sale. So my revenue is ~$21k with costs of around ~$15k.

Even if your cost of picking up names is $10, together with listing fee you're spending $20. Given an average sales rate of say 5% you'll need to list 20 names to get a single sale. If your acceptance rate is 50% then you're talking 40 names for a single sale. That's costing you $600, and the average sale is probably netting sellers around $1300 (($2k - 30%)-$100). Still a good ROI, but it's far better to consider your total costs rather than the cost of the single name you sell.

Add to the above the fact that 5% is probably on the high side based on evidence from many sellers here. There are a couple of users with 300+ names and 0, 1 or 2 sales. 300 names @$20 each is $6,000, or probably closer to $9k assuming the 50% acceptance rate is correct. Will take quite a few sales to even break even, and right now many of us are still trying to figure out a realistic sales rate.

Thankfully I'm selling quite a few domains outside BB, and being honest I'm very much in hold-mode trying to determine whether adding considerable more inventory to BB makes economic sense. I'm still positive on BB, but I think it's really important not to put all your domain eggs into one basket and to very carefully analyse your costs. Far too easy to focus on the big ROI sale and ignore all the flops that are required to get that one big sale.

[Edit: forgot to consider the acceptance rate on BB. Then corrected the cost of 40 names, and finally corrected the potential cost of holding a 300 name portfolio on BB. Re-learnt how to multiply.]

 

[London555]

Just to add: I have around 370 names listed, with 14 sales. I could look up the exact figures, but ball-park for now - my costs are around $40 per name, and I'd imagine I've netted around $1500 per sale. So my revenue is ~$16k with costs of around $14.8k.

Even if your cost of picking up names is $10, together with listing fee you're spending $20. Given an average sales rate of say 5% you'll need to list 20 names to get a single sale. If your acceptance rate is 50% then you're talking 40 names for a single sale. That's costing you $600, and the average sale is probably netting sellers around $1300 (($2k - 30%)-$100). Still a good ROI, but it's far better to consider your total costs rather than the cost of the single name you sell.

Add to the above the fact that 5% is probably on the high side based on evidence from many sellers here. There are a couple of users with 300+ names and 0, 1 or 2 sales. 300 names @$20 each is $6,000. Will take quite a few sales to even break even, and right now many of us are still trying to figure out a realistic sales rate.

Thankfully I'm selling quite a few domains outside BB, and being honest I'm very much in hold-mode trying to determine whether adding considerable more inventory to BB makes economic sense. I'm still positive on BB, but I think it's really important not to put all your domain eggs into one basket and to very carefully analyse your costs. Far too easy to focus on the big ROI sale and ignore all the flops that are required to get that one big sale.

[Edit: forgot to consider the acceptance rate on BB, and corrected the cost of 40 names ]

This is the best and most realistic post on this thread-everyone should read it.

 

[trelgor]

Just to add: I have around 370 names listed, with 14 sales. I could look up the exact figures, but ball-park for now - my costs are around $40 per name, and I'd imagine I've netted around $1500 per sale. So my revenue is ~$21k with costs of around ~$15k.

Even if your cost of picking up names is $10, together with listing fee you're spending $20. Given an average sales rate of say 5% you'll need to list 20 names to get a single sale. If your acceptance rate is 50% then you're talking 40 names for a single sale. That's costing you $600, and the average sale is probably netting sellers around $1300 (($2k - 30%)-$100). Still a good ROI, but it's far better to consider your total costs rather than the cost of the single name you sell.

Add to the above the fact that 5% is probably on the high side based on evidence from many sellers here. There are a couple of users with 300+ names and 0, 1 or 2 sales. 300 names @$20 each is $6,000, or probably closer to $9k assuming the 50% acceptance rate is correct. Will take quite a few sales to even break even, and right now many of us are still trying to figure out a realistic sales rate.

Thankfully I'm selling quite a few domains outside BB, and being honest I'm very much in hold-mode trying to determine whether adding considerable more inventory to BB makes economic sense. I'm still positive on BB, but I think it's really important not to put all your domain eggs into one basket and to very carefully analyse your costs. Far too easy to focus on the big ROI sale and ignore all the flops that are required to get that one big sale.

[Edit: forgot to consider the acceptance rate on BB. Then corrected the cost of 40 names, and finally corrected the potential cost of holding a 300 name portfolio on BB. Re-learnt how to multiply.]

And what about the hours invested?

 

[London555]

And what about the hours invested?

That's a valid point re "hours invested".

 

[cocaseco]

I'm still positive on BB, but I think it's really important not to put all your domain eggs into one basket and to very carefully analyse your costs. Far too easy to focus on the big ROI sale and ignore all the flops that are required to get that one big sale.

This is so true. When I first started with BB I thought this was a great addition to the options. Then I sort of swooned over the numbers being thrown around. When I snapped back to my senses I realized it is as I originally thought, one option. I now use BB as a first step and if accepted great, but if not then I have a series of steps to continue moving that domain to a sale. BB is first not because i think it's the best, it just happened that way. To be successful, you have to find other outlets, including consistent outbound marketing.

 

[Brandworthy]

And what about the hours invested?

Time invested is absolutely a valid point. For those sellers who try to use as many GD coupons as possible, and vote for credits (now unavailable) do you consider how much time this adds to the process? I stopped using coupons/voting a long time ago since the opportunity cost of my time is quite high.

Coming back to my earlier figures, I've done a little digging. The following stats are based on 352 names I have listed:

Average cost of domain acquisition: $18.78
Listing cost: $10
Total average cost of BB domain listing: $28.78

So a little less than my initial $40 guess.

The average sale price of my 14 sales is $2205, so after commission and design costs my average revenue per sale was $1445.

So based on my history,
Cost of domains listed: $10,648
Cost of rejected domains (assume 50% - this is a very rough approximation): $6,949
Total cost (excl. time): $17,597
Total revenue: $20,223
Profit: $2,626
ROI: ~15%

A couple of notes: I haven't included any renewal costs, I have sold names they rejected, and I expect (hope perhaps) to sell more of the names I currently have listed, so my expected return is certainly higher than the above. Just 2 or 3 more sales of my currently listed domains would lift my ROI significantly.

Hopefully the above will be useful to others to temper expectations of huge ROI. It's probably an exception rather than the rule, and I suspect very difficult to scale. Thankfully other domain activities are performing well, so I can afford to wait and see if BB returns improve.

Final disclaimer: I might have really poor stats. There are probably some portfolio owners with far higher sales rates and ROI. However I know with certainty quite a few portfolio owners of similar size with far worse stats.

 

[trelgor]

Time invested is absolutely a valid point. For those sellers who try to use as many GD coupons as possible, and vote for credits (now unavailable) do you consider how much time this adds to the process? I stopped using coupons/voting a long time ago since the opportunity cost of my time is quite high.

Coming back to my earlier figures, I've done a little digging. The following stats are based on 352 names I have listed:

Average cost of domain acquisition: $18.78
Listing cost: $10
Total average cost of BB domain listing: $28.78

So a little less than my initial $40 guess.

The average sale price of my 14 sales is $2205, so after commission and design costs my average revenue per sale was $1445.

So based on my history,
Cost of domains listed: $10,648
Cost of rejected domains (assume 50% - this is a very rough approximation): $6,949
Total cost (excl. time): $17,597
Total revenue: $20,223
Profit: $2,626
ROI: ~15%

A couple of notes: I haven't included any renewal costs, I have sold names they rejected, and I expect (hope perhaps) to sell more of the names I currently have listed, so my expected return is certainly higher than the above. Just 2 or 3 more sales of my currently listed domains would lift my ROI significantly.

Hopefully the above will be useful to others to temper expectations of huge ROI. It's probably an exception rather than the rule, and I suspect very difficult to scale. Thankfully other domain activities are performing well, so I can afford to wait and see if BB returns improve.

Final disclaimer: I might have really poor stats. There are probably some portfolio owners with far higher sales rates and ROI. However I know with certainty quite a few portfolio owners of similar size with far worse stats.

Anyone else care to be as gracious to the community as @Brandworthy? Lurkers come forth!

 

[London555]

Time invested is absolutely a valid point. For those sellers who try to use as many GD coupons as possible, and vote for credits (now unavailable) do you consider how much time this adds to the process? I stopped using coupons/voting a long time ago since the opportunity cost of my time is quite high.

Coming back to my earlier figures, I've done a little digging. The following stats are based on 352 names I have listed:

Average cost of domain acquisition: $18.78
Listing cost: $10
Total average cost of BB domain listing: $28.78

So a little less than my initial $40 guess.

The average sale price of my 14 sales is $2205, so after commission and design costs my average revenue per sale was $1445.

So based on my history,
Cost of domains listed: $10,648
Cost of rejected domains (assume 50% - this is a very rough approximation): $6,949
Total cost (excl. time): $17,597
Total revenue: $20,223
Profit: $2,626
ROI: ~15%

A couple of notes: I haven't included any renewal costs, I have sold names they rejected, and I expect (hope perhaps) to sell more of the names I currently have listed, so my expected return is certainly higher than the above. Just 2 or 3 more sales of my currently listed domains would lift my ROI significantly.

Hopefully the above will be useful to others to temper expectations of huge ROI. It's probably an exception rather than the rule, and I suspect very difficult to scale. Thankfully other domain activities are performing well, so I can afford to wait and see if BB returns improve.

Final disclaimer: I might have really poor stats. There are probably some portfolio owners with far higher sales rates and ROI. However I know with certainty quite a few portfolio owners of similar size with far worse stats.

EXCELLENT POST.

 

[London555]

This is a discussion thread. I am not unfriendly.

This is where you need to be with longterm holding, I think. https://www.namepros.com/blog/mike-manns-broadspectrum-com-sells-for-75-000.868511/

We own iBroadSpectrum.com If we're 50% as good as Mike Mann we'd be thrilled. Mike Mann knows what he's doing and is a great long term investor-your post is exactly correct.

 

[equity78]

@michaeljkrell You really need to get on Go Daddy so you don't get screwed, they need to take TigerCloud.com and WinningCloud.com down, TigerCloud.com for example has a buy it now of $1,500, you are asking for $7,695 on BrandBucket, someone could hit the buy it now.

Someone I know got screwed on this, they went ahead with the sale because they did not want Go Daddy banning them.

Contact pnicks@godaddy .com if the customer service department has not fixed this for you.

 

[London555]

@michaeljkrell You really need to get on Go Daddy so you don't get screwed, they need to take TigerCloud.com and WinningCloud.com down, TigerCloud.com for example has a buy it now of $1,500, you are asking for $7,695 on BrandBucket, someone could hit the buy it now.

Someone I know got screwed on this, they went ahead with the sale because they did not want Go Daddy banning them.

Contact [email protected] if the customer service department has not fixed this for you.

Perhaps you should ask pnicks@godaddy who put the names on there and when and let us know please. Almost all of us have names at GD if something wrong is going on and our names are being posted by others it would be good to know,but I doubt that's the case here.We told Mr Krell about this last week on this thread and the names are still there I see from your post-thank you.

 

[cocaseco]

@michaeljkrell You really need to get on Go Daddy so you don't get screwed, they need to take TigerCloud.com and WinningCloud.com down, TigerCloud.com for example has a buy it now of $1,500, you are asking for $7,695 on BrandBucket, someone could hit the buy it now.

Someone I know got screwed on this, they went ahead with the sale because they did not want Go Daddy banning them.

Contact [email protected] if the customer service department has not fixed this for you.

You're assuming it is a mistake of some kind.

 

[equity78]

I can say sometimes Go Daddy is slow and sometimes clueless, I had a domain that I never listed on Go Daddy, until I placed it on Afternic, I happen to check one day, and it said there was a bid, not at my asking price, but there was 1 bid, I never received an email there was a bid and if I wanted to counter, accept whatever. I call Go Daddy they put me on hold three times and came back with yeah we don't know how that happened, three days later the listing looked refreshed and their was no bid showing.

 

[equity78]

You're assuming it is a mistake of some kind.

I wasn't assuming I thought Michael came out and said he did not place it there.

 

[London555]

I wasn't assuming I thought Michael came out and said he did not place it there.

He did say exactly that but from your post apparently they're still there. Just ask your guy at GD who put them there. Pretty simple.

 

[London555]

Actually no one would really care if Mr Krell has his names on GoDaddy,weather he put them there or it was by a GD oversight, other than the fact that BrandBucket DEMANDS all other sellers to take their listed names off all other sites. Apart from that who cares where he places them.