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]

But JimJammy my stats shows that there are not alot of you. There were only about 49 sellers out of maybe 500 (there are lot more) sellers.

Anyway once you get your name on BB do just let it sit there or you do any kind of outbands too?

You cant do outbound-BB has an exclusive.

 

[Dnbolt]

You cant do outbound-BB has an exclusive.

I just started few outbands and saw an increase in ROI. But lets leave the question to JimJammy.

 

[JimJammy]

Thanks for data. If your portfolio grew gradually and you averaged 300 names (just an assumption) for the past 12 months and you got 17000$ from BB that could probably mean 10-12 sales or 3-4% which is ok. The concern has been that the rate is on the decline. Have you noticed similar or your sale frequency has grown in proportion to your portfolio growth?

Congrats on that-and how much net profit after renew fee rejects etc? Also-please correct me if I'm wrong but by MK admission of about $3000 per name on avg you sold about 6 names out of 500 last year? Thank you.

I've sold 11 domains. My names are below the average price. My profit is approx $17,000 from BB plus approx $2,000 from selling the rejects cheaply. $8,000 has been withdrawn the rest has been reinvested and I've grown my portfolio from 1 to 500 over 12 months, slow growth at first then bigger growth in 2016.

My sales rate as grown as I've got smarter

 

[Dnbolt]

I've sold 11 domains. My names are below the average price. My profit is approx $17,000 from BB plus approx $2,000 from selling the rejects cheaply. $8,000 has been withdrawn the rest has been reinvested and I've grown my portfolio from 1 to 500 over 12 months, slow growth at first then bigger growth in 2016.

My sales rate as grown as I've got smarter

JimJammy is now smarter and I must imagine her feeling so happy right now.

 

[disaac81]

Impressions don't get charged, only clicks.

Most search engines are clever enough though to know that 2 or more clicks from the same ip within a time frame are not charged again. It's more complicated than that, but don't worry too much about it.

 

[Dnbolt]

Impressions don't get charged, only clicks.

Most search engines are clever enough though to know that 2 or more clicks from the same ip within a time frame are not charged again. It's more complicated than that, but don't worry too much about it.

You are 100% right, I had a slight memory leak. It happens to every one even softwares. I bet someone just checked if memoryleak.com was avaiable I know I can see you.

 

[Michael Seatory]

You cant do outbound-BB has an exclusive.

Do you mean outbound as in contacting potential buyers yourself?
If so, you can of course still do this if your name is listed on BB and send the buyer there to complete transaction. I dont imagine many sellers would go down down this route however as they would be paying 30% + for a logo.
You can have your own site showing just your portfolio of names using the BB widget and the buyer would complete the sale on BB.

 

[Recons.Com]

I've sold 11 domains. My names are below the average price. My profit is approx $17,000 from BB plus approx $2,000 from selling the rejects cheaply. $8,000 has been withdrawn the rest has been reinvested and I've grown my portfolio from 1 to 500 over 12 months, slow growth at first then bigger growth in 2016.

My sales rate as grown as I've got smarter

So by "smarter" you mean buying names that sell themselves, effectively. Then why do you need BB, if you are spending so much effort making sure end user exists, other extensions are taken etc.? Isn't BB supposed to have advantage in pushing names in the startup community, new businesses, rebrandings?

 

[Michael Seatory]

Impressions don't get charged, only clicks.

Most search engines are clever enough though to know that 2 or more clicks from the same ip within a time frame are not charged again. It's more complicated than that, but don't worry too much about it.

Cost-per-thousand impressions (CPM) bidding
CPM bidding means that you pay based on the number of impressions (times that your ads are shown) that you receive on the Google Display Network. Starting this year, CPM bidding will be replaced by viewable CPM bidding. Existing CPM bids will eventually be transitioned to vCPM automatically. Find out more about using viewable CPM bids.

• CPM stands for cost-per-thousand impressions, so you pay for each set of a thousand views of your ad. You set CPM bids to tell Google how much you're willing to pay for that set of impressions.
• CPM bidding is best suited for advertisers who are focused on brand awareness. For advertisers whose main goal is sales or website traffic, CPC bidding (pay for each click on your ad) might be a better option.
• You set a maximum CPM (or "max CPM") bid as the highest amount that you're willing to pay for 1,000 views of your ad.

https://support.google.com/adwords/answer/6310?hl=en-GB

 

[Recons.Com]

Cost-per-thousand impressions (CPM) bidding
CPM bidding means that you pay based on the number of impressions (times that your ads are shown) that you receive on the Google Display Network. Starting this year, CPM bidding will be replaced by viewable CPM bidding. Existing CPM bids will eventually be transitioned to vCPM automatically. Find out more about using viewable CPM bids.

• CPM stands for cost-per-thousand impressions, so you pay for each set of a thousand views of your ad. You set CPM bids to tell Google how much you're willing to pay for that set of impressions.
• CPM bidding is best suited for advertisers who are focused on brand awareness. For advertisers whose main goal is sales or website traffic, CPC bidding (pay for each click on your ad) might be a better option.
• You set a maximum CPM (or "max CPM") bid as the highest amount that you're willing to pay for 1,000 views of your ad.

https://support.google.com/adwords/answer/6310?hl=en-GB

You don't have to bid CPM and from my experience it is a bad idea. It is much better to set per click and that is what most do.

 

[12345]

Krell has an unfair system setup that favors him.Nothing is so special about his domain I have already spent hours analysing his domain names.

I started out on BB as a small seller, under 20 names, and slowly grew my portfolio to around 150. I was asked to become a Brand Ambassador because I was one the most successful sellers on the platform at that time. As a Brand Ambassador my sales rate continued to stay constant and I significantly increased my portfolio, and was asked to become Managing Director. My sales rate has been consistently high during the entire time that I have listed names on BB and I am proud of that.

As you continue to question my integrity and the integrity of BrandBucket, I will repeat that no names associated with myself, Margot or any Brand Ambassadors receive any special treatment in any search results or category listings.These names are also not disproportionately suggested to potential buyers if they contact us directly about helping them choose a name. All these names are treated exactly the same as every other name on the marketplace. Neither Margot or myself handle sales inquiries and when our sales staff is asked by the buyer for suggestions, they do not see who owns the domains when searching through the inventory.

It doesn't matter who the owner of a name is on BB, it only matters about the name.

 

[Arca]

I've sold 11 domains. My names are below the average price. My profit is approx $17,000 from BB plus approx $2,000 from selling the rejects cheaply. $8,000 has been withdrawn the rest has been reinvested and I've grown my portfolio from 1 to 500 over 12 months, slow growth at first then bigger growth in 2016.

My sales rate as grown as I've got smarter

Did you hand reg most of your BB names, or get them from GD, NJ, pen del, etc.?

 

[JimJammy]

So by "smarter" you mean buying names that sell themselves, effectively. Then why do you need BB, if you are spending so much effort making sure end user exists, other extensions are taken etc.? Isn't BB supposed to have advantage in pushing names in the startup community, new businesses, rebrandings?

I've been a domainer a long time. I can sell target domains at great prices. I can't sell brandable domains at those prices. Maybe it's just me but I'm big enough to know what I'm good at and what I'm not good at.

I love BB, I've never hidden the fact I'm a massive supporter, but I love my family first and I'm going to take the most profitable route for me and my family! BB 'looks' like a professional company, I look like a cybersquatter (at least in the eyes of an end user). The bottom line is, I get more funds in my pocket listing my domains on BB. No negotiating, no fuss, money in my bank.

Did you hand reg most of your BB names, or get them from GD, NJ, pen del, etc.?

I don't know the exact percentage but only a small proportion of my names are hand regs, guessing around 15%.

 

[Dnbolt]

I started out on BB as a small seller, under 20 names, and slowly grew my portfolio to around 150. I was asked to become a Brand Ambassador because I was one the most successful sellers on the platform at that time. As a Brand Ambassador my sales rate continued to stay constant and I significantly increased my portfolio, and was asked to become Managing Director. My sales rate has been consistently high during the entire time that I have listed names on BB and I am proud of that.

As you continue to question my integrity and the integrity of BrandBucket, I will repeat that no names associated with myself, Margot or any Brand Ambassadors receive any special treatment in any search results or category listings.These names are also not disproportionately suggested to potential buyers if they contact us directly about helping them choose a name. All these names are treated exactly the same as every other name on the marketplace. Neither Margot or myself handle sales inquiries and when our sales staff is asked by the buyer for suggestions, they do not see who owns the domains when searching through the inventory.

It doesn't matter who the owner of a name is on BB, it only matters about the name.

When I mean an unfair system I mean Strong Bussiness Intelligence that very few people have. Are you saying you don't act on past sales data? Also I have seen your names suggested many times as a premium name when user clicks on the Adword and responds to the landing page. But anyway lets not go so deep so that it looks good.

 

[Arca]

@michaeljkrell - Could you shed some light on how your name reviewing system works? In the interview with Raymond, you mentioned that BB now has 6 name reviewers.

 

[Recons.Com]

I started out on BB as a small seller, under 20 names, and slowly grew my portfolio to around 150. I was asked to become a Brand Ambassador because I was one the most successful sellers on the platform at that time. As a Brand Ambassador my sales rate continued to stay constant and I significantly increased my portfolio, and was asked to become Managing Director. My sales rate has been consistently high during the entire time that I have listed names on BB and I am proud of that.

As you continue to question my integrity and the integrity of BrandBucket, I will repeat that no names associated with myself, Margot or any Brand Ambassadors receive any special treatment in any search results or category listings.These names are also not disproportionately suggested to potential buyers if they contact us directly about helping them choose a name. All these names are treated exactly the same as every other name on the marketplace. Neither Margot or myself handle sales inquiries and when our sales staff is asked by the buyer for suggestions, they do not see who owns the domains when searching through the inventory.

It doesn't matter who the owner of a name is on BB, it only matters about the name.

@michaeljkrell , thanks for the response.

Asking all these questions is not necessarily questioning integrity, they are to get answers that help raise any concerns. You'd probably ask them, if you were an outsider.

The concerns have been some bad quality logos for non-related sellers, not all names being listed on newsletters, other seller's names promoted on landing page (is this fully automated based on keywords?), insiders having better access to data/analytics etc. and, any/all of those factors could have contributed to the discrepancies.

More data/analytics made available to unrelated sellers could help a lot, for example. Letting sellers have some say in logos would help too, and so would mixing in seller's own domains to suggested alternatives.

 

[disaac81]

Cost-per-thousand impressions (CPM) bidding
CPM bidding means that you pay based on the number of impressions (times that your ads are shown) that you receive on the Google Display Network. Starting this year, CPM bidding will be replaced by viewable CPM bidding. Existing CPM bids will eventually be transitioned to vCPM automatically. Find out more about using viewable CPM bids.

• CPM stands for cost-per-thousand impressions, so you pay for each set of a thousand views of your ad. You set CPM bids to tell Google how much you're willing to pay for that set of impressions.
• CPM bidding is best suited for advertisers who are focused on brand awareness. For advertisers whose main goal is sales or website traffic, CPC bidding (pay for each click on your ad) might be a better option.
• You set a maximum CPM (or "max CPM") bid as the highest amount that you're willing to pay for 1,000 views of your ad.

https://support.google.com/adwords/answer/6310?hl=en-GB

I think CPC is better route for most businesses, although maybe some will choose CPM but I think the CPC is a results (action) based model, where as CPM is a milestone model that might work if you have a high CTR.

Interesting, thanks for sharing.

 

[Recons.Com]

When I mean an unfair system I mean Strong Bussiness intelligence that very few people have. Are you saying you don't act on past sales data? Also I have seen your names suggested many times as a premium name when user clicks on the Adword and responds to the landing page.

Could explain the last part? Where is it suggested as premium, what adwords?

 

[12345]

I'm honestly not a very analytical person when it comes to domains. Yes, I have an extensive keyword list that I have built through the years, but it's not like I don't buy a name because only one of those keywords sold the previous year, and I choose to purchase a name because 10 sold a previous year. There are obvious exceptions like knowing that "cloud" or "chat" are good keywords, but it's not like I have a chart of hundreds of keywords weighted with how many sales I've had in each one. I could guess, but I couldn't tell you for sure what my 5-10 most profitable keywords even are.

When I invest, all I am looking to do is add more quality names to my portfolio based on my experience and knowledge of the startup industry.

 

[Michael Seatory]

@michaeljkrell , thanks for the response.
Asking all these questions is not necessarily questioning integrity, they are to get answers that help raise any concerns. You'd probably ask them, if you were an outsider.

I agree, I hope that by sellers highlighting any issues, concerns or ideas here that Brandbucket can take some of the feedback on board and where possible implement any changes they feel would further improve the overall Brandbucket experience for sellers.
There seems to be some mixed opinions around and that could be for many different reasons. In general I like the look of BB and what they offer and look forward to using their service.