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

 

[Dominic Belley]

Michael is a true gentleman!

He just contacted me regarding a problem I had mentionned with one of my domain and it was all solved within seconds.

Whether it is Michael or Julia, I always get an A+ service.

 

[Dominic Belley]

I just submitted a list of 8 domains I hand registered.
I need 1 out the 8 to be approved to reach my 25.

Do you think I'll get it?

List of names submitted : tohoa, jumpvalue, readyinminutes, cloudpublicity, savepronto, fundpronto, econoplace, elitestarter.

Last week I needed 1 name approved out of 8 names (listed above) to reach 25.

They were reviewed today ..and ... ALL REJECTED ... NOOOO !! .ahaha .. expect for Tohoa.. Yeah !! This is my lucky 25.

But I submitted Instanix on Saturday and they already approved it too so I am at 26 now.

Now I need to see if I submit more or not. BB is growing so fast.

 

[AndrewRice]

@London555
I've only had the vast majority of my names listed on BB for about two months. In those two months I've had 3 sales. I think it's too early to draw much of a conclusion as far as my stats go. Sampling size and seasonality not to mention variance could be playing a factor either way.
@trelgor
As far as learning experiences go, I would say that I've learned that virtually all of my domain sales on BB have been what I would consider top quality names. I think that all of my names are good don't get me wrong, but the ones that sell meet a high standard.

 

[London555]

@London555
I've only had the vast majority of my names listed on BB for about two months. In those two months I've had 3 sales. I think it's too early to draw much of a conclusion as far as my stats go. Sampling size and seasonality not to mention variance could be playing a factor either way.
@trelgor
As far as learning experiences go, I would say that I've learned that virtually all of my domain sales on BB have been what I would consider top quality names. I think that all of my names are good don't get me wrong, but the ones that sell meet a high standard.

Andrew-im curious-what would you think if BB gave one of your VERY good names a description like this "a friendly sweet name" (nothing else)? If I sound pissed its because I am-If BB is going to take a listing fee at least put 2 minutes of effort into a domain name to describe it. I told them up front it was aged 8 years and perfect for a social media or entertainment site. Never a mention of either or of the age which obviously brings value. Some on here have said that BB only cares about getting listing fees in and could care less about the sellers-until I saw this I didn't agree-this might change my mind.

 

[NameFit]

I truly believe it matter of quantity - not demeaning quality here - that comes first. Let us imagine a simple scenario. This scenario is applicable for pure brandables, the types majority of names are of. Names in this category can fit into pretty much every category so search feature would not very much applicable here.

So the scenario is - you are go to a store to buy a toothpaste, and there are 10 different type of toothpaste, and you have never heard about any one particular, so you do not have opinion about any one particular toothpaste. For you to pick one, what are the variables here for you to help make a decision on one

- what does it say on the box
- how package(box) looks
- what is the price
- how it is arranged / how prominently it is placed
- What else?

Now look at these when it comes to domains

- what does it say on the box (well slogan/logo counts - sellers do not have much control over it)
- how package(box) looks (logo definitely counts - sellers do not have much control over it)
- what is the price (not sure how much it is applicable as about 70% of them are within 10% range) - not sure how much control they can exercise over price.
- how it is arranged / how prominently it is placed - (matters if it shows up on first or first five pages - how many pages in google we can go through for our search? Sellers do not control this either but vendor (BB) can do little about it.

What else you can think of that will help buyer make a choice. I cannot think of many. Now let us have the perspective of the vendor (BB) and buyers.

Vendor perspective: I want to give all the choices to the buyer, Keeping the quality factor same, I want to display everything because I do not want to give advantage of one over other. Let the buyer decide.

Buyer perspective: We do not know whether they would prefer 5 or 10 toothpaste on the shelf. I am sure buyer is choosy like everything else and may want to see everything what is in stock.

So coming to the point, you can see it is a game of sheer numbers, more choices, less chances of being selected. Buyer is not going to buy couple of them just because they have choices. They just want one name 'they like'. Like is the keyword here - and that is highly subjective. It is especially true for brandables.

Now, do we really know how the buyer go about having their search. BB probably has or can collect information on navigation patters and may be useful pattern can be interpreted. e.g. a user started going through page 1, 2 and then they started keywords - and what kind of keywords they searched and how they finally found and bought the name. That is the 'success story' of the name. There is dictionary driven ontology and there are usage ontologies that depict how the human mind thinks. Those ontologies can definitely be used to 'guide' the user towards the final name selection and may make it 'easier for the buyer' to buy the name. Keep in mind, buyer is going to buy the name, easy way or harder way. Do not think they will be turned off in their search because it is too difficult to find a name on the site. And, they are not going to buy more just because they are more options.

Guess BB is taking the strategy of extensive marketing and more selection choices - while keeping the quality consistent. It is just different model and people have to get used to it - and that is just the nature of this particular market.

 

[deverett]

Hi All! I’m one of those silent lurkers here at NamePros. Since I’ve been viewing this forum for more than a month, I thought it was high time I came out of hiding…

I want to thank everyone for providing me with some invaluable info … as well as giving me a few laughs (whether intentional or not). And I would imagine that Julia would thank you as well if she only knew the number of emails that you have saved me from sending to her (due to the info found here)!

Within the past couple of weeks, have any of you experienced a higher number of rejected domain submissions? I’ve gone from nearly 80% accepted … to nearly 80% rejected!!!

Okay – I’ve always been confused that some (seemingly) great domain names have been rejected in the past … but lately it appears that LOTS of names that would have been accepted only a few weeks ago are now being rejected?!? Instead of getting better at choosing domain names (as I seemed to be doing), I now feel more confused than ever before. Have I really learned NOTHING? Have I completely lost my mojo?

Or is BrandBucket just reigning in on the unprecedented growth of their inventory? Perhaps they are going back to being more choosey with the domain names accepted. That, along with the removal of the voting-for-credits feature would do it.

Or is it just me?

 

[Brandzilla]

I am just exploring the success stories of lucky people who sold names on BB.
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?

Got one sold within 24 hours of listing

 

[London555]

Got one sold within 24 hours of listing

Recently? And congrats by the way-that's like hitting the number. Also if that's the case why would you possible be auctioning off the BrandBucket "per approved" names you're holding? Thank you

 

[Brandzilla]

Recently? And congrats by the way-that's like hitting the number.

Yep. About a month ago.

 

[London555]

Yep. About a month ago.

I added a question above-also I noticed you're selling a zillion " brandables" how many did you have to submit to get that one sale or were there more sales? thank you

 

[London555]

Hi All! I’m one of those silent lurkers here at NamePros. Since I’ve been viewing this forum for more than a month, I thought it was high time I came out of hiding…

I want to thank everyone for providing me with some invaluable info … as well as giving me a few laughs (whether intentional or not). And I would imagine that Julia would thank you as well if she only knew the number of emails that you have saved me from sending to her (due to the info found here)!

Within the past couple of weeks, have any of you experienced a higher number of rejected domain submissions? I’ve gone from nearly 80% accepted … to nearly 80% rejected!!!

Okay – I’ve always been confused that some (seemingly) great domain names have been rejected in the past … but lately it appears that LOTS of names that would have been accepted only a few weeks ago are now being rejected?!? Instead of getting better at choosing domain names (as I seemed to be doing), I now feel more confused than ever before. Have I really learned NOTHING? Have I completely lost my mojo?

Or is BrandBucket just reigning in on the unprecedented growth of their inventory? Perhaps they are going back to being more choosey with the domain names accepted. That, along with the removal of the voting-for-credits feature would do it.

Or is it just me?

It's just you. Only kidding! Don't feel bad it's pretty amazing that you had a previous 80% approval rate-as to why it dropped so drastically only BrandBucket or now Michael Krell can answer that for you but good luck and just keep trying.

 

[Brandzilla]

I added a question above-also I noticed you're selling a zillion " brandables" how many did you have to submit to get that one sale or were there more sales? thank you

3 sales in total, all within the last 30 days or so.

Hopefully not pure luck and this will be something that is sustainable. I didn't have a single sale from November last year until around a month ago. However, I have been consistently adding inventory over this period.

As for auction of accepted name, no real reason. Just testing the waters. I have a lot of names - prob will hit 500 mark in the next month or so. So a little cash flow goes a long way.

 

[London555]

3 sales in total, all within the last 30 days or so.

Hopefully not pure luck and this will be something that is sustainable. I didn't have a single sale from November last year until around a month ago. However, I have been consistently adding inventory over this period.

As for auction of accepted name, no real reason. Just testing the waters. I have a lot of names - prob will hit 500 mark in the next month or so. So a little cash flow goes a long way.

So about 6 months without a sale (nov till now) with how many names published on BrandBucket during that dry spell? Thank you btw the auction of "Pre approved" names is a great idea

 

[cocaseco]

For anyone who is having trouble with sales, I'd recommend working on quality control for the names you purchase. If you purchase only high quality brandables, then they are more likely to sell. This is true whether they are made up brands or keyword based brands.

Brilliant! So simple, I wonder why more people haven't figured this out yet?

 

[Brandzilla]

So about 6 months without a sale (nov till now) with how many names published on BrandBucket during that dry spell? Thank you btw the auction of "Pre approved" names is a great idea

Hard to say how many names at a particular point in time. I have around 440 names now. Divide this by around 7 months. So that's approx 63 a month. You do the maths.

 

[London555]

Hard to say how many names at a particular point in time. I have around 440 names now. Divide this by around 7 months. So that's approx 63 a month. You do the maths.

Thank you for sharing that. So sales are about 1% of published names.

 

[Brandzilla]

Thank you for sharing that. So sales are about 1% of published names.

Not sure if I would draw that conclusion. I will need to give it a year to correctly quantify it. I think my ability to pick good names has improved over time. So hopefully I will see an increase in sales.

I think luck plays a big part in all of this. For each of the 3 sold names, I remember almost not registering any of them, for varying reasons. If I hadn't, I would be sitting here with 440 names and zero sales. Makes you think of the missed opportunities... As such, I believe in quantity of names (quality is implied). But you just don't know what is going to sell...so prob better to play the numbers game. However, if I fail, I fail hard.

 

[London555]

Not sure if I would draw that conclusion. I will need to give it a year to correctly quantify it. I think my ability to pick good names has improved over time. So hopefully I will see an increase in sales.

I think luck plays a big part in all of this. For each of the 3 sold names, I remember almost not registering any of them, for varying reasons. If I hadn't, I would be sitting here with 440 names and zero sales. Makes you think of the missed opportunities... As such, I believe in quantity of names (quality is implied). But you just don't know what is going to sell...so prob better to play the numbers game. However, if I fail, I fail hard.

So you've paid BrandBucket $4,400 aprox. plus 30% of the sales you made and you're ( with all due respect) just one seller. This is a good business they're in.

 

[Brandzilla]

So you've paid BrandBucket $4,400 aprox. plus 30% of the sales you made and you're ( with all due respect) just one seller. This is a good business they're in.

I voted a vast majority of those listing fees away.

 

[London555]

I voted a vast majority of those listing fees away.

Thanks but going forward to do the same numbers someone would have to pay the $4400-maybe im wrong but that might slow down submissions in volume anyway.