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

 

[London555]

A lot of money spent to build a portfolio on BB.

Dominic- 4 years ago BB was a GREAT place to invest re names etc but that's simply not the case with 20,000 names the majority of which are owned by three people-it's crazy to think otherwise. When a call for a name comes in who do you think they will direct that caller to? Don't get me wrong-I don't blame them one bit-they created this platform and are entitled to do as they please but to keep investing without hard numbers is,as I stated above,no different than buying a company's stock without it's quarterly earning being known. Who would possibly do that?

 

[campout]

It seems like people think more names listed on BB is bad for them? At 19,000 names I've been assuming that most sales are coming straight through your URL (not BrandBucket.com), so you really are not competing against the other names listed.

 

[hookbox]

It seems like people think more names listed on BB is bad for them? At 19,000 names I've been assuming that most sales are coming straight through your URL (not BrandBucket.com), so you really are not competing against the other names listed.

So you're giving up 30% in commission when you just stated that the sales probably happen when someone directly types in your name. Why list them there if that's what you think?

 

[Domainzy]

A lot of money spent to build a portfolio on BB.

I would recommend only buying names when you sell other names. This way you are never in 'pain'. I built my entire portfolio this way. Now every time a domain sells at any marketplace i split the profit into 3. 1/3 goes to pay upcoming renewals .
1/3 goes to buy more domains.
1/3 goes to the bank.

Using 'new' money from my other businesses to buy domains is not only confusing but also I'm not as motivated to market and sell my older names. But if i see a name dropping in 7 days, that gives me time to sell names of lesser value. We should all try to not just grow, but improve our portfolios!

 

[starizec]

I am very glad Brand Bucket doesn't share their #'s. Because if people knew how many names they sell, then everyone and their dog would be listing names on BB! Ever since the $10 listing fee, I notice the # of names being added slowed down! If I was BB I would increase the listing fee to $20 or $25. IMO the result would be quality over quantity.

Whay all these dislikes?
Man has a fair point.

 

[campout]

@hookbox I think they do a good job of converting potential buyers into actual buyers.

 

[equity78]

It seems like people think more names listed on BB is bad for them? At 19,000 names I've been assuming that most sales are coming straight through your URL (not BrandBucket.com), so you really are not competing against the other names listed.

That would be the most valuable stat to be released Nat, what % of sales come from direct navigation vs through BrandBucket search, or calls ?

Like Hookbox said if that number is high for direct navigation then that has to make one reassess using BrandBucket. Everyone using BrandBucket has never truly understood the real value proposition because those numbers have never been given.

It also depends on the amount of time you commit for domaining, can you build your own site, market names, etc.. There are a lot of factors that play into whether to use BrandBucket or to not use them for all of your brandable domains.

 

[Dominic Belley]

I would recommend only buying names when you sell other names. This way you are never in 'pain'. I built my entire portfolio this way. Now every time a domain sells at any marketplace i split the profit into 3. 1/3 goes to pay upcoming renewals .
1/3 goes to buy more domains.
1/3 goes to the bank.

Using 'new' money from my other businesses to buy domains is not only confusing but also I'm not as motivated to market and sell my older names. But if i see a name dropping in 7 days, that gives me time to sell names of lesser value. We should all try to not just grow, but improve our portfolios!

That is pretty much what I do. I initially established a budget back in April when I started buying domains and I an not adding new cash. I spent it all. Now every domains I buy is with money from a sales. If I don't sell anything, I can't buy domains.

But I did not sell anything on BB yet.

 

[equity78]

@hookbox I think they do a good job of converting potential buyers into actual buyers.

I think the point Hookbox is making is that you think that but have no real data to support those thoughts, you have never been giving any data to support the thought.

 

[hookbox]

@hookbox I think they do a good job of converting potential buyers into actual buyers.

@Nat

90% of the battle is getting someone to want the name. If someone wants the name and the price is right the name is as good as sold.

 

[campout]

@equity78 Admittedly, it is pure speculation on my part.

 

[Domainzy]

So you're giving up 30% in commission when you just stated that the sales probably happen when someone directly types in your name. Why list them there if that's what you think?

I would say the answer would be: Because Brand Bucket sells our names for 30% or more than we usually get from other marketplaces. Plus they have a proven track record for selling names.

I imagine most domainers are not as skilled at negotiations as you think, and would gladly pay 30% to let BB handle the sale. Don't forget! not all of us are seasoned domainers with 900 likes

 

[London555]

I would say the answer would be: Because Brand Bucket sells our names for 30% or more than we usually get from other marketplaces. Plus they have a proven track record for selling names.

I imagine most domainers are not as skilled at negotiations as you think, and would gladly pay 30% to let BB handle the sale. Don't forget! not all of us are seasoned domainers with 900 likes

You might consider adding "IF they sell any names for you" and that's a BIG if with 20,000 names. Just ask Dominic.

 

[tha-she]

BB is really speeding up on the name approving/declining , as-well as with publishing them.

Witch is good, at some point they got to stop accepting new names thou :/ otherwise it will be 200k names by the end of 2016... speaking of lottery tickets.

 

[Dominic Belley]

You might consider adding "IF they sell any names for you" and that's a BIG if with 20,000 names. Just ask Dominic.

I for my part have no sales in my 3 months on BB, but others do sell names.

 

[svede]

I am very glad Brand Bucket doesn't share their #'s. Because if people knew how many names they sell, then everyone and their dog would be listing names on BB! Ever since the $10 listing fee, I notice the # of names being added slowed down! If I was BB I would increase the listing fee to $20 or $25. IMO the result would be quality over quantity.

I can only imagine the look on everyones face when they read my last post! But its true, 20K names is a lot! And BB was very smart to add the $10 fee. The result we are just starting to see. Imagine if it cost $20, we would all think twice about the names we list, and that would be a good thing. But i understand most people would rather have it all free and the result would be 100K listed names on BB next year. No thanks

It seems you are making two separate arguments. I'm not against the $10 listing fee. I'm asking them to make a case for why it's worth my $10 before I spend it. The complaint is not about paying for a product, but wanting to know what is the product. There are some of us who have quality portfolios and the hesitancy is NOT in paying $10 to list a low quality domain, but in paying $10 to lock up a high quality domain that might sell just as fast or faster (and without their fee) elsewhere. They want my money, they need to convince me, plain and simple.

It seems to me your interest is more in keeping the market closed than to actually helping other sellers.

I would say the answer would be: Because Brand Bucket sells our names for 30% or more than we usually get from other marketplaces. Plus they have a proven track record for selling names.

I imagine most domainers are not as skilled at negotiations as you think, and would gladly pay 30% to let BB handle the sale. Don't forget! not all of us are seasoned domainers with 900 likes

Where is the proven track record? Simply having sold names doesn't give a proven track record. You might have a good experience, but new BB sellers are asking for the proof of this track record. Not only that, but the platform has dramatically changed in the past couple years and the original "track record" no longer applies when their are many times more domains. 2500 domains in 6 years is not sufficient to conclude that their track record is consistent and still existent.

 

[Domainzy]

It seems to me your interest is more in keeping the market closed than to actually helping other sellers.

My interest/concern is that when it was free the growth rate was too much too quick. The $10 fee is the best way to limit the growth rate. If BB becomes too popular they can always increase the listing fee again.


PS.. I was also a huge fan of GoDaddy getting rid of the coupon codes for the same exact reason. The higher cost, should result in higher quality names.

 

[svede]

My interest/concern is that when it was free the growth rate was too much too quick. The $10 fee is the best way to limit the growth rate. If BB becomes too popular they can always increase the listing fee again.

I and many others here completely agree with your concern. And that is part of why I am not against the $10 fee either... But that is actually why we want the stats. The stats can prove whether or not the growth is hurting or helping sellers. I am very skeptical of having too many domains in the marketplace and see a lot of low quality. But at the end of the day, if they are still selling consistently for all sellers at the same % - then why does it matter? I'm only interested in sales as the end of the day...

 

[Shimmy]

Well my 9 month rut is over and finally got another sale from them. I have to say that I find it annoying that they take the 30% commission off the top that includes the logo fees. I always lose an extra $30 since they do the math that way. It's like I have to pay them an extra 30% of the logo fee.

 

[Domainzy]

Well my 9 month rut is over and finally got another sale from them. I have to say that I find it annoying that they take the 30% commission off the top that includes the logo fees. I always lose an extra $30 since they do the math that way. It's like I have to pay them an extra 30% of the logo fee.

Congrats on the sale! I love getting those congratulations emails!

BB is very up front about the fees. You agree they take 30% of the RETAIL sale. You get 70%. You also have to pay $100 for the logo(or more)