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

 

[JimJammy]

The logo designer gets paid their $100-$500 IF the domains sells, or.. as quoted bya logo designer...

Not exactly. They can choose a $5 payment as soon as the logo is accepted, it's the designers choice.

 

[D Haynes]

Don't forget that they get paid only if the domain sells tho. Which makes their quality understandable imo. There are some logos tho that I just don't have no idea how they got there..

I know but they have to understand that the logo is part of what sells the name so the better it is the better the chance of a sale and a return otherwise BB might as well do away with the logos altogether.

 

[Galleshem]

I know but they have to understand that the logo is part of what sells the name so the better it is the better the chance of a sale and a return otherwise BB might as well do away with the logos altogether.

Exactly, untill now I didn't really understand why would the designers do this as they probably know it's not in favor of the sale of the logo. But someone said that "They can choose a $5 payment as soon as the logo is accepted", didn't know that, that probably explains why some logos are so.. basic or mediocre.

 

[D Haynes]

Exactly, untill now I didn't really understand why would the designers do this as they probably know it's not in favor of the sale of the logo. But someone said that "They can choose a $5 payment as soon as the logo is accepted", didn't know that, that probably explains why some logos are so.. basic or mediocre.

Yeah I wasn't aware of that either but it shows the faith they have in their designs and how good they are if they take the $5 cop out. It's easy to see how it's attractive to the more unscrupulous to make a quick buck. If anything some of the logos are counter productive and may put potential buyers off.

 

[cocaseco]

The logo designer gets paid their $100-$500 IF the domains sells, or.. as quoted by a logo designer...

I'm not sure what this is about as its old?

The way I posted it was the way it was at the time I posted. As a logo designer I never had the opportunity to quote a logo, nor have I ever seen a mechanism to allow that. The options were $100 to $500 if it sells of $5 now. It looks to be the same currently.

 

[cocaseco]

Exactly, untill now I didn't really understand why would the designers do this as they probably know it's not in favor of the sale of the logo. But someone said that "They can choose a $5 payment as soon as the logo is accepted", didn't know that, that probably explains why some logos are so.. basic or mediocre.

Lets accept the fact that art is subjective and what one person thinks is a great logo, another may hate. The guidelines for what BB wants are pretty narrow and plain IMO. There is nothing wrong with that, but I think some people like bigger more creative logos. BB is going for a cleaner, more simple logo and some might consider them basic and mediocre.

 

[Shimmy]

Yeah I was wondering how much of a difference there could possibly be between the 100 and 500 dollar logo when you consider what you get from some of the great logo designers on NP for much less. It's robbery that they charge 200 dollars for something that @NameFu could do better with his eyes closed and hands tied behind his back for 60 bucks.

The logo I hate most from BB is the only one I offered $200 for. The logo did get done faster, maybe the designers rush the expensive logos

 

[Dominic Belley]

If I set logo to $100 and the designer decided to get $5 upfront. Who keeps the $100 for the designer? BB ?

 

[cocaseco]

The logo I hate most from BB is the only one I offered $200 for. The logo did get done faster, maybe the designers rush the expensive logos

When I was doing logos I always went for the big dollar ones first. If they were all equal, which they almost always were, I went for the ones where I had an immediate idea about what the logo would look like.

 

[London555]

If I set logo to $100 and the designer decided to get $5 upfront. Who keeps the $100 for the designer? BB ?

Good question maybe Cocaseco can answer that one-I have no idea but I'd like to know.

 

[cocaseco]

Nope...I saw it and have no idea. It is a good question. My guess is it would go to the domain seller. I don't know if anyone ever takes the $5 even, maybe nobody ever did?

 

[Galleshem]

Imo it's obvious that BB get's the $100, how would the seller get it if we never even knew that this possibility for the designer even exist?

 

[Brandworthy]

yes..

I recently purchased a large portfolio. FWIW I was willing to pay a % of my expected return, and I worked out the expected return as:

#domains * sales rate * average NET sales amount

In your case I think the expected return would be 24 * 2% * $1,445 = $694. If someone paid that amount they could expect on average to only break even. In my case I paid a % of my expected return as I'm not interested in breaking even on the purchase.

I'm not suggesting that the valuation is what everyone should use, but it's based on real sales figures, and what I feel is now an appropriate sales rate for large portfolios. Of course there may be far higher sales rates in the case of great names (or luck), but it's rare that names offered at wholesale are the best out there.

You may find someone willing to pay $200 per name, and I wish you luck with that. If you do find someone, and they are also interested in buying 700+ names please send them my details (seriously).

 

[Brandworthy]

When names are published, do we receive statistics on traffic? (ie - visits, clicks, etc?)

I track all my traffic before it lands on BB, so at least I have some idea of the type-in/direct traffic I am passing to them.

 

[Optimal Names]

If I set logo to $100 and the designer decided to get $5 upfront. Who keeps the $100 for the designer? BB ?

Thats a very good question! Would like to know the answer to that one.

 

[Optimal Names]

I track all my traffic before it lands on BB, so at least I have some idea of the type-in/direct traffic I am passing to them.

What stats program / service are you using? Google Analytics or a DIY method?

 

[Doron Vermaat]

If we receive a substantial offer on a name, we will reach out to the seller, let you know the offer, and give you our suggestion moving forward. We do our best to keep negotiations to a minimum.

When is an offer substantial? Is it when the offer falls within a certain percentage range of the listing price? If so, what is the percentage range in which an offer is considered substantial enough to be communicated to the owner of the name?

 

[London555]

When is an offer substantial? Is it when the offer falls within a certain percentage range of the listing price? If so, what is the percentage range in which an offer is considered substantial enough to be communicated to the owner of the name?

Doron-you're 100% correct. That's why in real estate the offer in most states by law must be presented no matter what it is or how low.That BB wants to keep the communication down to as little as possible I don't understand at all. What happens if you don't see the BB offer-a year later you drop the name because it hasn't sold and the client calls back BB looking for that name-does BB then go and buy and hand reg. it themselves or do they call you as the previous owner and tell you to reg. it again? If not if they-BB-don't call the previous owner that listed it with them then these names are a "forever hold" and that cost BB nothing. All offers should be presented.

 

[tld_org]

What is the attraction for you listing your domains there?

1. There's almost 20k domains listed so odds are your domain is not being seen as it is pages and pages deep.
2. They charge 30% commission and you have to pay a designer $100-$200 as well.
3. They determine the price you can list the domain for. If they want to make more sales then them picking a lower price will accomplish that so you could say they may have motivation to set lower prices.
4. You are granting them exclusivity (so no listing the domain anywhere else) and you need to put their landing page on your site. If someone direct navigates to your domain URL and they buy the domain you just gave away 30% + $200 for a sale that your domain generated and not them, so handing them free money.

Am I missing anything here? I'd love to be in their position and would hate to be in all of yours with these rules.

 

[jamesau]

Here's some blunt calculations that put the brandable domain marketplace in perspective a little.

The (very) approximate chance of selling a single domain in any given month is 1 in 500, based on 2.4% annual conversion.

For a small seller with 10 domains that makes your chance of a sale in any month 10 in 500 or 1 in 50. This equates to selling 1 domain every 50 months.

Assuming you hand register the domains, your minimum dollar expenditure at start point is $80 for 10 domains, and $100 for BB listing fees. Add renewal fees for each of the 4 years after that and you've got another $320 in costs.

So you need to spend $500 and wait 50 months to make a potential sale of perhaps only $1000 after BB fees and logos. And that doesn't even consider the fees spent on acquiring domains or BB-rejected domains.

Not quite the lucrative ROI that it appears on the surface.