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

 

[Doron Vermaat]

I've received such offers before and they will let you know, not sure about 50% off the listed price though. I think it depends on the price range. This one below was for a bargain name. I think you can ask if any other of your names received an offer. I accepted the following offer

A prospective buyer has made an offer that is roughly 28% below your asking price for N-a-m-e.com. At the current price, your take-home amount is $XXX. The buyer's offer would make your take-home $XXX.

Please let me know if you'd like to accept the offer, counter or deny.

Trust me guys, BB will surely let you know about any considerable offer and will recommend you what action to take. I did not give any discount for the name below and it sold 2 months after for my asking price. Exactly as BB predicted as well.

A prospective buyer has expressed interest in your domain N-a-m-e.com, but the buyer is seeking a discounted price. We believe that this is a strong domain that could likely reach your asking price if given more time. However, since the name has be listed for a few months, you may want to consider offering a discount in the 5%-10% range.

At the current price, your take-home amount is $XXXX. A 5% discount would reduce your take-home to $XXXX. A 10% discount would reduce your take-home to $XXXX.

Please let me know how you would like to proceed.

Thanks for sharing. I've never received a message like this from BB even I know for a fact that I have received offers on domains listed with them because wannabe buyers later contacted me directly and forwarded the BB communication with me. If they have changed their policy on this it would be good to be completely transparent about it with all sellers.

 

[wwwulff]

I would LOVE to hear @michaeljkrell's opinions on this.

+1

 

[Beezy]

Has anyone ever sold their whole account/portfolio?

I'm thinking about selling all 24 of my names at once. Where is the best place to sell list it?

 

[DNGear]

I am trying to sell here. Link

 

[godolphin]

+1

+2

 

[London555]

I am trying to sell here. Link

Over $200 a name?

 

[DNGear]

yes..

 

[London555]

It's pretty apparent that people are starting to understand what chances you have to sell your names with almost 20,000 names on BrandBucket. Unless you're on the first few pages for a length of time of course. I don't blame BB at all-this is their sandbox and their money machine. I've asked more than once about the sales ratio-is it the same as when there were only 2000 names? Is it 6% of 20,000 just as it was 6% of 2000 etc-if so there's no issue-I never got an answer. As stated in the past BB is a private company but this is one number I think they owe sellers that are investing their money in good faith with BB. Just an opinion.

 

[Michael M]

I decided to test the waters on BrandBucket with what I consider a very good 2 word domain that described a popular and highly publicized market and definite trend for the future (politically and technologically promoted.) Was approved quickly, logo was made, and was listed within 30 days. $xxxx price set by BB (within my expectations). I upped it the 20% allowed. Currently it is appearing on the first page. (at last check for the 3 days it has been listed)

Is everyone's new posting put to the first page or are those hand selected?

How long does the typical listing stay on the first few pages?

Any advice for a new BB member?

Looking forward to a good experience with them. If all goes well I will deal with the 30% commission and exclusivity TOS for the rest of my domain profile (that they choose to list). If they can move these domains the 30% commission I can justify as my sells force costs and free up my time for more purchases and other projects instead of tracking down end users.

I will post my experience - success or failure - with this domain when it has had more than a few days. I will be a happy customer if it sells at their marketplace in the next few months.

 

[svede]

It's pretty apparent that people are starting to understand what chances you have to sell your names with almost 20,000 names on BrandBucket. Unless you're on the first few pages for a length of time of course. I don't blame BB at all-this is their sandbox and their money machine. I've asked more than once about the sales ratio-is it the same as when there were only 2000 names? Is it 6% of 20,000 just as it was 6% of 2000 etc-if so there's no issue-I never got an answer. As stated in the past BB is a private company but this is one number I think they owe sellers that are investing their money in good faith with BB. Just an opinion.

I know this doesn't answer the questions we all want answered, but this might be helpful - definitely interesting to me.

This morning I got an email reminding me about some of the domains that I have had sitting (not paying the fee yet) waiting for me... part of it said:

Did you know that BrandBucket has generated over 1 million in revenue for domain sellers like you in the past 18 months? Don't miss out on getting the best value for your names!

I am curious about this... assuming it was only $1 million (they said "over"), that is $55,555 per month in revenue (based on the wording, I would assume this is the % given to the seller after commission and logo fees are taken out)... Going by the "sweet spot" of $2k per domain and $100 logo fee, that is $1300 per domain to the seller. Or in other words approx almost 43 domains per month. Of course, there are many larger priced domains and smaller domains so it could be wildly different, but it is very interesting... Or were there a bunch of 5/6 fig sales that threw this overall amount off? Does this overall # include BB's personal inventory of domains?

Food to chew on, anyway...

 

[London555]

I know this doesn't answer the questions we all want answered, but this might be helpful - definitely interesting to me.

This morning I got an email reminding me about some of the domains that I have had sitting (not paying the fee yet) waiting for me... part of it said:



I am curious about this... assuming it was only $1 million (they said "over"), that is $55,555 per month in revenue (based on the wording, I would assume this is the % given to the seller after commission and logo fees are taken out)... Going by the "sweet spot" of $2k per domain and $100 logo fee, that is $1300 per domain to the seller. Or in other words approx almost 43 domains per month. Of course, there are many larger priced domains and smaller domains so it could be wildly different, but it is very interesting... Or were there a bunch of 5/6 fig sales that through this overall amount off? Does this overall # include BB's personal inventory of domains?

Food to chew on, anyway...

Right off the top of that $1 million take out Michael Krell at 10% at a minimum ( that's not a knock at all-he has great names at BB) and go from there.

 

[svede]

Right off the top of that $1 million take out Michael Krell at 10% at a minimum ( that's not a knock at all-he has great names at BB) and go from there.

Agreed, not a lot of details... but even 30 per month is better than some have thought... but it could be much lower, too, without details. I'd think that they could provide these details without naming the domains (they stopped sharing sales to protect buyers) and provide a LOT of help to their sellers. I feel like they are preferring to give very high level details and figures - which are nice but not what we need. Even their seller newsletter (which I STILL have not gotten), was too generic. I enjoyed the information, but I don't see why they couldn't give more to help their sellers.

 

[London555]

Agreed, not a lot of details... but even 30 per month is better than some have thought... but it could be much lower, too, without details. I'd think that they could provide these details without naming the domains (they stopped sharing sales to protect buyers) and provide a LOT of help to their sellers. I feel like they are preferring to give very high level details and figures - which are nice but not what we need. Even their seller newsletter (which I STILL have not gotten), was too generic. I enjoyed the information, but I don't see why they couldn't give more to help their sellers.

Exactly. The BB concept is a GREAT one for sellers when there's 1500 or so names as was the original BB concept stated by the founder (and I know "as companies evolve etc etc"). With 20,000 it's an entirely different story-for sellers not for BrandBucket.

 

[Dominic Belley]

I think sellers just need some kind of reassurance that names are really selling (excluding in-house accounts) at a good pace.

 

[London555]

I think sellers just need some kind of reassurance that names are really selling (excluding in-house accounts) at a good pace.

If I thought they'd sell-i'd give them 500 names within a month they'd approve,but not without numbers and ratios.

 

[svede]

I think sellers just need some kind of reassurance that names are really selling (excluding in-house accounts) at a good pace.

That's exactly it... I currently have 51 published and 13 I am refusing to spend the $10 listing fee on until I feel better about where it is going. And that doesn't even count the ones I haven't submitted yet. $130 is a lot to flush down the drain on something that is only going to lock up my best domains from being listed elsewhere. I just want a better understanding of how they are selling and what I am getting out of it.

 

[Nebulous]

Even their seller newsletter (which I STILL have not gotten), was too generic. I enjoyed the information, but I don't see why they couldn't give more to help their sellers.

I still haven't gotten mine either haha. I agree with pretty much all of your points, having access to more relevant statistics/details would be very helpful.

 

[JimJammy]

I know this doesn't answer the questions we all want answered, but this might be helpful - definitely interesting to me.

This morning I got an email reminding me about some of the domains that I have had sitting (not paying the fee yet) waiting for me... part of it said:



I am curious about this... assuming it was only $1 million (they said "over"), that is $55,555 per month in revenue (based on the wording, I would assume this is the % given to the seller after commission and logo fees are taken out)... Going by the "sweet spot" of $2k per domain and $100 logo fee, that is $1300 per domain to the seller. Or in other words approx almost 43 domains per month. Of course, there are many larger priced domains and smaller domains so it could be wildly different, but it is very interesting... Or were there a bunch of 5/6 fig sales that through this overall amount off? Does this overall # include BB's personal inventory of domains?

Food to chew on, anyway...

I think you are 100% spot on with your initial calculations, up to the point of the 6 figure domain sale"s", we know there has been at least one.

If there has been over $1M in revenue for sellers in the last 18 months, then a generous calculation of the addition the 30% commission plus logo fee would equal approximately $1.5M in overall sales. That equals $1M in sales a year. The same as in 2013... http://tldinvestors.com/2013/06/brandbucket-says-2013-on-track-for-1million-in-sales.html.

Deduct 1 six figure sale ($1M - $100K = $900K) and assume that the remainder sold at a $2K average, that's 450 domains sold a year = 37.5 a month.

So my calculations are pretty close to your calculations Svede and I think about right for the amount of sales we see listed in this thread.

which would equal 2.4% of the domains selling per year (based on 19,000 being listed).

 

[svede]

I think you are 100% spot on with your initial calculations, up to the point of the 6 figure domain sale"s", we know there has been at least one.

If there has been over $1M in revenue for sellers in the last 18 months, then a generous calculation of the addition the 30% commission plus logo fee would equal approximately $1.5M in overall sales. That equals $1M in sales a year. The same as in 2013... http://tldinvestors.com/2013/06/brandbucket-says-2013-on-track-for-1million-in-sales.html.

Deduct 1 six figure sale ($1M - $100K = $900K) and assume that the remainder sold at a $2K average, that's 450 domains sold a year = 37.5 a month.

So my calculations are pretty close to your calculations Svede and I think about right for the amount of sales we see listed in this thread.

Thanks JimJammy, that gives some more perspective which is great..

What's interesting also, is that you pointed out they had the same in 2013... so have they added so many more domains, but not increased their sales?

Thanks!

 

[cocaseco]

1) Interesting I haven't gotten any communications from "Ryan", and have had recent front page published names.

2) Regarding percentage of pre-authorized discount, I always set it at 5%. After reading these posts i am considering changing to 10%. But also, I ALWAYS up my price as far as it will go, and then back down to the closest $95. So usually the pre-authorized discount is much less than i have already bumped the sale price.