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

 

[NameOffice.]

@margotb Thank you for chiming in! I really appreciate your honesty. Out of curiosity, does full price mean you didn't deduct the 30% commission and the logo fee from final the price of purchase? You confirmed this is specifically targeted to your clientele. While I understand the marketing advantages to this, ethically speaking there are more effective ways of utilizing this traffic oriented domain.

Slapping a sold sticker on a domain, deceives the interested buyer / shark tank viewer that somebody bought the domain before they could. The enduser is now subconsciously thinking "If I want a domain that's on BrandBucket, I better buy it before somebody else does." While this may be a true perception, there is one minor detail left out.

If this was an auction, and the marketplace bid on their own domain, we would call this shill bidding. I understand the huge marketing benefits to this, but this sort of thing can be considered shill marketing if done in an unethical manner. The unethical manner is failing to omit that this domain was bought, and is used for marketing to the advantage of BrandBucket by the parent company of the marketplace.

Show attachment 25902

Please set an example for the other marketplaces, and consider changing the sold banner to a more targeted message to your targeted traffic. Thank you again for your honesty. I will now drop this issue.

I'm sorry but I think you are looking far too into this. If she paid for the domain there's nothing unethical about it. Any shark tank visitor typing in this domain is surely not interested in the domain but in the product offered on shark tank. If it were available for sale it's highly unlikely a shark tank visitor would buy it up. Another domain investor looking for this same type-in marketing opportunity would be the likely buyer. Also, she mentioned she had plans for the name. Should she instead put up a blank page and miss out on the possible opportunity to attract more end buyers? If it is truly a marketing ploy then who cares if she ethically paid for it? And it's to yours and other sellers' advantage!

And of course she deducted her 30% commission. Why in the world wouldn't she?

 

[KDN]

I'm sorry but I think you are looking far too into this. If she paid for the domain there's nothing unethical about it. Any shark tank visitor typing in this domain is surely not interested in the domain but in the product offered on shark tank. If it were available for sale it's highly unlikely a shark tank visitor would buy it up. Another domain investor looking for this same type-in marketing opportunity would be the likely buyer. Also, she mentioned she had plans for the name. Should she instead put up a blank page and miss out on the possible opportunity to attract more end buyers? If it is truly a marketing ploy then who cares if she ethically paid for it? And it's to yours and other sellers' advantage!

And of course she deducted her 30% commission. Why in the world wouldn't she?

Your comment is a sign that brandable name investing is alive and well!

Thank you so much for providing us a place to sell our names. @margotb @Brandroot @michaeljkrell.

More power to BrandBucket and Brandroot.

 

[KDN]

Sorry I got carried away. Please go back to the original topic.

 

[Grilled]

I'm sorry but I think you are looking far too into this. If she paid for the domain there's nothing unethical about it. Any shark tank visitor typing in this domain is surely not interested in the domain but in the product offered on shark tank. If it were available for sale it's highly unlikely a shark tank visitor would buy it up. Another domain investor looking for this same type-in marketing opportunity would be the likely buyer. Also, she mentioned she had plans for the name. Should she instead put up a blank page and miss out on the possible opportunity to attract more end buyers? If it is truly a marketing ploy then who cares if she ethically paid for it? And it's to yours and other sellers' advantage!

And of course she deducted her 30% commission. Why in the world wouldn't she?

Thanks for your feedback. Maybe the marketing ploy of sold banners is an industry marketing thing I need to keep quiet about?

I notice you leave quite a few more domains with sold banners on your site viewable throughout your site. I imagine you've found success in this marketing ploy as well.

I appreciate you chiming into this discussion @Brandroot

 

[NameOffice.]

Thanks for your feedback. Maybe the marketing ploy of sold banners is an industry marketing thing I need to keep quiet about?

I notice you leave quite a few more domains with sold banners on your site viewable throughout your site. I imagine you've found success in this marketing ploy as well.

I appreciate you chiming into this discussion @Brandroot

There's nothing to keep quiet about. We mark purchased names as sold on our platform because we choose to and we take them down if the buyer requests that it be taken down. I'm not sure why you would think this unethical in the slightest.

 

[Grilled]

There's nothing to keep quiet about. We mark purchased names as sold on our platform because we choose to and we take them down if the buyer requests that it be taken down. I'm not sure why you would think this unethical in the slightest.

Where did I say what you were doing was unethical? Unless you purchased your sellers domain yourself, there is nothing unethical about it. This isolated alone is a marketing ploy. I'm sure you found adding sold domains to your reserved suggested domains slot entices the buyer for a quicker purchase. They are all over your site. There is nothing hidden about this unless some of those domains were listed on your marketplace and bought by you.

 

[campout]

https://www.brandbucket.com/profiles/ no longer visible

 

[artstar]

man all this over a bizarre and unappealing word like toygaroo! frightening where society is today mai non

lol

 

[Candace]

@sofiapartner, you asked a very interesting question a few pages back. I did not see an answer. Is there a limit to the number of domains that BrandBucket will list?

I think this helps in planning because Brandbucket is asking for an exclusive listing. This means that if I only have 2 names published of the 25K names, then my chances of selling any one of these names is like 0.004% or something. Of course, the greater the number of names, the lower my chance of success.

In that case, it doesn't seem I should list on BrandBucket if I only have a few names. The most successful BrandBucket-ers have thousands of names listed. More volume = more sales. @michaeljkrell

I am not suggesting that anyone should not list on BrandBucket (it's a great platform). However, I almost feel like if I only have a few names, it'll be better to list on Namerific, Sedo, Flippa, GoDaddy all while putting up a landing page. Because none of these are exclusive, my chances of selling might be a little higher than 0.004%.

 

[campout]

@candhan Your math logic (and maybe, math) is not correct. The guy who has a ton of names and the person with a couple, both would have the same total-marketplace effect acting on each of their names. But it seems like BB has done a good job of continuing to sell names as they've expanded although a lot of people say it used to be easier to sell names there a couple years ago (I wasn't around then and they don't put out hardly any data so.. I'm basically just going off that one January number they just gave.)

If your chances of selling 1 domain is 0.004% then the chances of a large seller selling any one individual of his names is all things equal 0.004% too.

 

[Candace]

True. But if someone 1000 names published and I have 2, then the probability of him selling a name will obviously be much higher than mine. Hope I cleared up what I mean. Sorry if I am using the incorrect math terms.

 

[Grilled]

True. But if someone 1000 names published and I have 2, then the probability of him selling a name will obviously be much higher than mine. Hope I cleared up what I mean. Sorry if I am using the incorrect math terms.

You bring up a good point, but something to factor in is renewal fee's.

2 Domains = $17-$30 annual renewal fee (depending on registrar)
1,000 Domains - $8,500 - $15,000 renewal fee's (depending on registrar) Michael's annual renewal fee's are obviously a lot more than this.

Michael seem's to always be BrandBucket's top monthly seller. It could be volume. It could be quality. It could be that he has access to loads of additional proprietary info we don't. It could be positioning. It could be that he's been doing this for years. It could be repeat buyers. He's got a secret sauce whatever it is.

Whatever it is, he has to keep a high sales rate for marketing and renewal purposes. It would be odd if BrandBucket's biggest seller wasn't selling domains on a marginal level.

 

[Candace]

I am not suggesting anything negative about BrandBucket.

All I am saying is if people with large numbers of domains are reporting sell rates of 2-5 % on their 1000 names listed. What's to expect for my 2 names? (Josh from DSAD.com - http://domainshane.com/auction-recap-24th-25th-february-2016/)

Am I better off listing on non-exclusive platforms?

I think these are genuine questions that new domainers with small portfolios should consider. It's not a plug for or against BrandBucket

 

[campout]

True. But if someone 1000 names published and I have 2, then the probability of him selling a name will obviously be much higher than mine. Hope I cleared up what I mean. Sorry if I am using the incorrect math terms.

Yeah of course, but what you said was more like: "because there are so many names at BrandBucket, it makes less sense for someone to start out listing there than someone who is already established there"

If someone has 1,000 names at Sedo, Afternic, or any other marketplace and another person has 2 names there, the one with 1,000 is more likely to sell a name. That's got nothing to do with BrandBucket, it's just a law of numbers that would apply anywhere.

 

[Candace]

Yeah of course, but what you said was more like: "because there are so many names at BrandBucket, it makes less sense for someone to start out listing there than someone who is already established there"

If someone has 1,000 names at Sedo, Afternic, or any other marketplace and another person has 2 names there, the one with 1,000 is more likely to sell a name. That's got nothing to do with BrandBucket, it's just a law of numbers that would apply anywhere.

Which is why I mentioned the exclusivity. If I list on Sedo, I could list on any other marketplace. I can't at BrandBucket. So the odds seem even more against me because I can't promote on other marketplaces at the same time.

 

[campout]

Yeah listing on BB is exclusive, whether you have 2 or 1,000 domains. However, I did read about a guy who has only 4 names listed at BB and he just sold 1 of them within the past couple days. Domaining/BB, it's a numbers game usually. You try to make smart buys on good names and you list them in the ideal places and you wait and see what happens, while continually looking for more good buys if you have the money to do so. Unless you're selling to other domainers, yours (and everyone else's) annual sell-through rate will be in the single-digit percentage.

 

[bonin]

Each domain that send to brandbucket is rejected, this is just a small part of all may rejected domains in the last month

100% that not all of them are suitable for this "perfect" marketplace, but lets be honest

xxxxx.com
xxxxx.com
xxxxx.com

...... and many more. I already have a feeling that is subjective, and I forgot when was my last approved domain.

However.... I'm done

Any advice how to delete my BrandBucket account

 

[bonin]

Lol, "Out of 82 sales in January, 47 unique sellers sold a name and 8 of those were first time sales." from 26k domain inventory - thank you brandbucket for your effort

 

[Grilled]

Each domain that send to brandbucket is rejected, this is just a small part of all may rejected domains in the last month

100% that not all of them are suitable for this "perfect" marketplace, but lets be honest

ofily - they have ofilo.com $2,125

favoryo - favoreo.com $1,995

dronce
umiam
newzv
acuatia
practicably
NextMania
kissiz
JuicyPie
picsica
opiumi
EffectiveBattery
InsureVirtual

...... and many more. I already have a feeling that is subjective, and I forgot when was my last approved domain.

However.... I'm done

There's a thread for this: https://www.namepros.com/threads/discuss-brandbucket-rejects.886738/page-12

Any advice how to delete my BrandBucket account

Email them, and request your current domains be removed. 30 Days

I'd advise you to do your Homework first. BrandBucket has an established network of buyers, and even though their marketplace is growing, the extra volume is attracting more and more buyers. I mean why search a marketplace of 7,000 domains when you can search through 26,000.

My thoughts.

BrandBucket - The established leader
Namerific - Offers non exclusivity so you can sell your domains elsewhere
BrandRoot - Poaching other marketplace clients to increase their marketplace. They lead in organic traffic, but their secret sauce is still unproven.

I give BrandBucket more scrutiny than anybody else because I'm invested most with them. They have more resources than others, and without feedback and change, another marketplace could take marketshare. I don't see this happening anytime soon, so I would caution you first before you decide to leave BrandBucket.

I will add that I'm always interested in what @bazabizo is doing. He left BB recently, and is brokering his own domains, I imagine he's generating less leads, but the leads he does get, he has exclusivity to offer the enduser other domains he owns.

@bazabizo Any advice or update on how you've been doing since leaving?

 

[bonin]

There's a thread for this: https://www.namepros.com/threads/discuss-brandbucket-rejects.886738/page-12



Email them, and request your current domains be removed. 30 Days

I'd advise you to do your Homework first. BrandBucket has an established network of buyers, and even though their marketplace is growing, the extra volume is attracting more and more buyers. I mean why search a marketplace of 7,000 domains when you can search through 26,000.

My thoughts.

BrandBucket - The established leader
Namerific - Offers non exclusivity so you can sell your domains elsewhere
BrandRoot - Poaching other marketplace clients to increase their marketplace. They lead in organic traffic, but their secret sauce is still unproven.

I give BrandBucket more scrutiny than anybody else because I'm invested most with them. They have more resources than others, and without feedback and change, another marketplace could take marketshare. I don't see this happening anytime soon, so I would caution you first before you decide to leave BrandBucket.

I will add that I'm always interested in what @bazabizo is doing. He left BB recently, and is brokering his own domains, I imagine he's generating less leads, but the leads he does get, he has exclusivity to offer the enduser other domains he owns.

I appreciate your info, but I decide - just send them email to delete my account

Thank you one more time