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

 

[MisterSoft.com]

id like to see better logos and more exclusivity and better names.

Have you done biz with BrandBucket? If yes, is it really worth it?

 

[imadoer]

33 names 10 crappy logos...No sales at BB......... not a fan yet ....

 

[Michael M]

I agree many logos are sub-par, but I must admit that I understand why they have built the system this way.

If the designer does not take the $10 upfront, then they are waiting on a 2% (most people's BB average) sale rate a year. Meaning if they do 50 logos they would make $100 in a year (one name/logo sold). As mentioned above, that equates to $2 a logo. There is less of an incentive to make quality logos as much more of one to create as many as possible.

There are much bigger issues with BB's decision to vastly grow their inventory, IMO in an attempt to make a substantial part of their income from listing fees. Rather or not they have a plan to stop/slow the growth soon is going to decide rather or not they over saturate their market to where sales rates drop below 2% which would be detrimental to the domain sellers which rely on their marketplace exposure offsetting the exclusivity clause.

 

[MisterSoft.com]

33 names 10 crappy logos...No sales at BB......... not a fan yet ....

How long your names been on BB?

 

[imadoer]

How long your names been on BB?

about a year or so

 

[imadoer]

honestly between renewals and listing fees its not worth it if you dont sell a domain


List 100 names at $10 a name.. you can get your own namestore built for that

i have one more name im adding since its already paid for . if i dont get no sales with them this year ill take them all off the site

they turned down one of my names the other day and it sold on afternic the next day

 

[Grilled]

List 100 names at $10 a name.. you can get your own namestore built for that

This is another reason why some of us large volume sellers sell their BB accepted domains to resellers for $XX. The first time I listed 50+ domains at once in bulk, the newsletter was flagged. The last time I did this, the same Logo designer must have accepted 10+ of my logos and completed them in no more than 30 minutes. Seriously, not acceptable.

Now, I have 80+ accepted domains and theoretically I can't submit more until I sell them to another reseller or pay the listing fee's myself. Until they intelligently address this logo scam, I'm not comfortable risking $800+ on listing fee's.

Furthermore, why do listing fee's cost more than the domain itself? I speak of handregs of course.

 

[Simdes]

@michaeljkrell, it would be nice if you could answer some questions:

1) Do you really think, that the seller has to pay $100 for these designs?

2) Do you really think, that the buyer will pay $2000-$3000 seeing these?

 

[Michael M]

I would like to add to my last post about over saturation of inventory at BB.

I would imagine, as any business, BB is looking at their bottom line and trying to figure out how to increase profitability.

I would encourage the decision makers to consider there is a reason BB built up such a good reputation as a marketplace to this point. The market was reasonably sized to where prospective buyers could "look through the entire list in a visit" (thats not an exact quote, but BB has expressed a similar quote in the past when they were getting off the ground). This is versus a platform such as Afternic or Sedo where the inventory is too large to even get through a whole list of a keyword search.

I personally feel that BB is at a tipping point to where they are teetering on the edge of growing their inventory to where an exclusivity clause will not be feasible to us domain owners anymore. Without a select higher grade inventory they will just fade into the pack of other current marketplaces which do not require you to list exclusively with them. Hence where is the incentive to use BB and pay for a listing?

This is coming from someone who only has a profile of about 25 names with BB - most of which were submitted during this timeframe of increased acceptance of domains. So on one hand I probably benefited by getting my names listed whereas in the past they may have only accepted half of the domains or less. But this does not help me any if they can no longer move the same percentage of inventory.

I have been following BB closely for a while now. I can understand many of their decisions but I do worry they are about to self destruct an awesome marketplace into another Flippa or Sedo. Which I don't think would survive in the current atmosphere with their current Terms of Service.

You must imagine buyers may also become less trusting of BB as their inventory grows and quality suffers. This coupled with a mass exodus of sellers would almost certainly lead to the demise of BB into a desert wasteland of the lower quality domains.

Just thought I would get that out there. This is not a gripe, but more (hopefully) constructive criticism that BB will see and at least keep in the back of their minds. I do not want to see the BB ship sink, but I believe they have breached their hull in hopes to build a bigger boat around their original before it sinks. It is pretty risky. It could result in the best marketplace for brandables we have ever seen or it could bite them in the butt if they have not given weight to the dissatisfaction that may raise in the domain owner community.

-Mike

 

[imadoer]

@michaeljkrell, it would be nice if you could answer some questions:

1) Do you really think, that the seller has to pay $100 for these designs?

2) Do you really think, that the buyer will pay $2000-$3000 seeing these?

personally think yours are pretty good

you want to see a bad logo check out a/d/v/a/x/o $200 logo design award i dont want to give the desinger $.0.01 for this logo. i should have the option to have it changed. if i was a enduser looking thru the list to buy a domain and i saw this ugly logo it wouldnt get my attention

i have 11 terrible logos just like this... the logo desginer should quit and dont think brandbucket should allow this type of quality on there site

 

[Domainzy]

@Michael M

Can you give an example of a market place that you know of that needed to stop accepting merchandise that buyers want?

eBay?
Amazon?
GoDaddy?
Etsy?
SEDO?

Because I have never heard of a marketplace that caters to its sellers suggestions to stop accepting merchandise. (besides illegal stuff)

Brand Bucket is breaking records year after year and sometimes month after month. How is that a sinking ship? Like any successful business, BB is growing. Brand new names are selling, as well as names that have been listed for years! Great names sell!... its just a matter of time!

Cheers!

 

[Recons.Com]

People think Brandable names in .com are endless product, just get creative with it.

It is not true though. I estimate that there are probably 100K-200K good Kw+Kw.com combos worthy of branding, plus around 100K of invented words made of very valuable word + suffix, plus around 100K of pronounceable meaningless nice 5L-7L, plus around 20K of 4L.coms that are pronounceable and will be made available to the platforms. In total, you get around 320K-500K names, half of which are either being used or reserved by people/companies and are not for sale.

So, you get 160K-250K of inventory available for the whole world and about 3-5K of these gets bought up a year shrinking year after year.

BB, BR, Namerific and private storefronts probably already have around 70K to 100K of those names and they will not be able to expand endlessly. I don't see the problem with their expansion. There are few other problems they need to address however, including the logo thing.

 

[Michael M]

@Michael M

Can you give an example of a market place that you know of that needed to stop accepting merchandise that buyers want?

I was not attacking BB in any way, just offering my opinion and concern - basically at my own detriment since the more names they take in the more inventory I can list there.

My concern is that what made BB so successful in the brandable industry could possibly be lost in an acceleration of inventory.

There are millions of possible domains, and a lot of us trying to sell those domains. Marketplaces like SEDO, and Afternic IMHO are so full of domain names that the type of buyer that goes to BB would be overwhelmed and look for a more customer oriented (quality vs quantity) driven marketplace to look for their domain.

I want BB to continue to be successful, so I hope my concerns are unfounded. I like their website/user interface and they offer very good support.

 

[12345]

@michaeljkrell, it would be nice if you could answer some questions:

1) Do you really think, that the seller has to pay $100 for these designs?

2) Do you really think, that the buyer will pay $2000-$3000 seeing these?

These are all very nice logos and nicer than what an enduser would end up getting spending a $100-$200 at a site like 99 designs. They are bold, easy to read, and general enough to work for a variety of different companies.

What about them isn't quality to you?

 

[imadoer]

they are nice but a/d/v/a/x/o is crap and i have plenty more crap logos like it

 

[Simdes]

These are all very nice logos

Hmmm... If I send some logos like this, you will approve my logo designer account?

What about them isn't quality to you?

Do you like the combination of these colors? Do you like the same font on dozens of logos?

P.S. Is possible to change/replace with different/my own logos?

Anyway, thank you for answer, Michael...

 

[imadoer]

@michaeljkrell whats a guy supposed to do when he has a crap logo. How is this fair to the seller who paid the listing fee and has to pay the renewal fee and has to give your company exclusivity. The name might sit on the shelf until it dies. Can there be a option to change the logo if its crap?

I would also think that brandbucket would want better quality for the buyers aswell.

 

[Domainzy]

@Michael M

Brand Bucket's growth is an indicator of it's success/appeal. It is THE go-to brandable marketplace! BB is heavily invested in advertising and marketing, creating demand and trying to keep up with it. The back-end search function is constantly evolving to help buyers find what they need faster, regards of the inventory size. While at the same time giving buyers a nice selection of options based on their search.

Brand Bucket is all about helping its sellers, become better and more successful! Please reach out if you ever have questions at all!

 

[Brandworthy]

Following a lull that came after 5 nice sales at open of year I've notched another sale in last few days:

* S * T * A * C * K * G * R * I * D * . * C * O * M *

 

[Simdes]

I've notched another sale in last few days

Congratulations