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

 

[Grilled]

Maybe contact BB as an end user customer and ask them to suggest a name from their marketplace based on your sector. You reckon they will recommend a name that fits your description (from any seller) or will they coerce you to buy a domains owned by the insiders.

This is a widely proposed theory held by other sellers. This does not directly relate to my proposed concerns.

edit to show OP wasn't directed towards me. I resubmitted the need to clarify this due to past concerns.

 

[Grilled]

If you follow the clues that were detailed in the recent newsletter you may find yourself in the 5% club.

What is the 5% club? I've sold 3 BrandBucket domains. Another seller I spoke with also sold 3 domains and has the same 1st column percentage as me.

 

[Justin Matmor]

This is a widely proposed theories by other sellers. This does not directly relate to my proposed concerns.

It was aimed at DMBolt.

 

[Grilled]

t was aimed at DMBolt.

Thank you for clarifying. This was how @michaeljkrell dodged the last accusation of preferential treatment HERE, and I wanted to ensure my concerns were not mistaken.

 

[Dnbolt]

It was aimed at DMBolt.

I use real data which has guided me fruitfully not hypothesis or clues.

 

[London555]

According to Margot's (BB owner) Domain Sherpa Interview the average acceptance rate is 20%. So your 16% acceptance is quite good for a first timer. You can try submitting you names to another marketplace. Each one appears to have their own angle and customer base so you may get some accepted there. Another option is to list them (I suggest low $XXX BIN) on GD premium, Afternic, SEDO etc.

Hope that's helpful.

Keith

Is that the same interview where she ( para phrase) pretty mush says " they should be happy getting $2000 for a name they ( the BB seller) paid $8 for " Could she be anymore insulting?

 

[Justin Matmor]

I use real data which has guided me fruitfully not hypothesis or clues.

That's great. Then you must be in the privileged 5% group of sellers??

 

[Grilled]

If you follow the clues that were detailed in the recent newsletter you may find yourself in the 5% club.

What is the 5% club? I've sold 3 BrandBucket domains. Another seller I spoke with also sold 3 domains and has the same 1st column percentage as me.

the privileged 5% group of sellers??

Again, I ask. What is the 5% club you keep referencing?

 

[Dnbolt]

That's great. Then you must be in the privileged 5% group of sellers??

Not on brandbucket. However, brandbucket sales stats are crucial for our performance. To acquire such intelligence on one own can be expensive especially for newbies. Whereas on brandbucket there about 30,000+ listed with avg 60 sales per month. I think you get my point. M.Krell can better explain why he is able to clock about 18+ sales per month.

 

[Grilled]

brandbucket sales stats are crucial for our performance. To acquire such intelligence on one own can be expensive especially for newbies. Whereas on brandbucket there about 30,000+ listed with avg 60 sales per month. I think you get my point. M.Krell can better explain why he is able to clock about 18+ sales per month.

I raise the question: Has any one seller, besides managing directior @michaeljkrell who not receiving FREE listing fee's sold 18 or more domains in one year with BrandBucket?

Proportionate sales is crucial for steady, and healthy marketplace GROWTH. This is especially important to those outsiders who invest in exclusive marketplace listing fee's

ie: the 'pay to play' into and exclusive pyramid type listing fee / appraisal scheme that is hyped by insider sales and the promise of a hand reg dream.

 

[ComboNames]

@michaeljkrell I don't have any experience yet with BB since they keep rejecting my submissions , I have listed over 30 domain names that have been picked professionally and your staff keep rejecting them , the funny thing is that I've sold some of those domains for more than what I was expecting from BB. Can you please clarify why Gridlytic got accepted while cleverbound & flirtwallet got rejected ?

 

[Dnbolt]

@michaeljkrell I don't have any experience yet with BB since they keep rejecting my submissions , I have listed over 30 domain names that have been picked professionally and your staff keep rejecting them , the funny thing is that I've sold some of those domains for more than what I was expecting from BB. Can you please clarify why Gridlytic got accepted while cleverbound & flirtwallet got rejected ?

We need more people like you who believe in their knowledge.

 

[Dnbolt]

@michaeljkrell I don't have any experience yet with BB since they keep rejecting my submissions , I have listed over 30 domain names that have been picked professionally and your staff keep rejecting them , the funny thing is that I've sold some of those domains for more than what I was expecting from BB. Can you please clarify why Gridlytic got accepted while cleverbound & flirtwallet got rejected ?

Would you like to know how your rejected bb domains which eventually got sold ranks with the list of bb sold domains?

 

[Justin Matmor]

M.Krell can better explain why he is able to clock about 18+ sales per month.

I can answer that.

If I was Mr Krell I would be devastated if I only sold 18 domains in April.

Think about it....He has over 5000 domains listed on BB....and only made 18 sales???

That is less than 4%....His profit barely covers his registration renewals.

Surely if he has 5000 listed domains, he probably has another 15000 unlisted?

Can you imagine his renewal costs?

 

[ComboNames]

Would you like to know how your rejected bb domains which eventually got sold ranks with the list of bb sold domains?

In fact I would like to know who is responsible for approving domain names , and how much experience they have? how much sales have they made with brandable domains? I always check the new submissions and some are not that good yet they got approved. I'm speaking as a buyer , I prefer to use a paid service to pick me a brandable domain for my startup projects than go and pay 4k$ for an ugly domain.

 

[Grilled]

I can answer that.

If I was Mr Krell I would be devastated if I only sold 18 domains in April.

Thank about it....He has over 5000 domains listed on BB....and only made 18 sales???

That is less than 4%....His profit barely covers his registration renewals.

Surely if he has 5000 listed domains, he probably has another 15000 unlisted?

Can you imagine his renewal costs?

Have you ever taken an economics course before? I say this with respect, but I don't think you're grasping the big picture HERE. Many of us domainers have 1,000+ domains with renewals fee's of our own to worry about. We would like an equal and fair marketplace if we're forced to the exclusivity and listing fee investments of a brandable marketplace like BB. Not all my domains are hand regs. I expect decent and quicker return out of my premium domains, especially when I pay a secondary investment into the company itself.

 

[loredan]

I raise the question: Has any one seller, besides managing directior @michaeljkrell who not receiving FREE listing fee's sold 18 or more domains in one year with BrandBucket?

Proportionate sales is crucial for steady, and healthy marketplace GROWTH. This is especially important to those outsiders who invest in exclusive marketplace listing fee's

ie: the 'pay to play' into and exclusive pyramid type listing fee / appraisal scheme that is hyped by insider sales and the promise of a hand reg dream.

No offence @Grilled but you're off the charts lately especially in regards with the listing fee. I'm not a BB fan myself but I see no problem in paying a tenner to get listed (in fact I think the listing fee should be higher). BrandBucket (as well as BR and all other marketplaces) is a business entity and has all the rights in the world to charge you whatever they charge as long as the fees are clearly displayed and understood before you list your name.

It isn't your problem how they use the fee or what is it for, it isn't your problem how they spend (or not) the money. They never said the listing fee is for logo design, or listing description, it's just a damn fee that everyone should pay in order to get listed. BB spend five figures each month to advertise their business, this money don't grow on trees...if I was the BB managing director I would write on top of the submission page with large letters "The listing fee is paid for the privilege to list your crappy hand reg at silly prices in our marketplace" and that's exactly why you pay this fee...for the privilege to be listed. None of your business what % of this goes into logo design, or into marketing or content writing, etc...

I suspect your "perfect" marketplace would pay you to list your name, would sell 2 hand regs each day for each member at $5k each, would let you all access all the data in the world and hell they'll even throw 2 cinema tickets for anyone...well that's not going to happen...

Also in regards with the 30% commission ...while I agree this is a rip off I still have no problem with it as long as everyone knows this from start and accept it as long as people still submit domains to BB on a daily basis. You know the old saying "stupid isn't the seller who asks a silly price, is the buyer who pays that silly price".

My problem with BB is the lack of any data transparency (well they might have changed that a bit with the new dashboard)...Margot said in a previous post that everyone should re-evaluate and prune his portfolio, keep on building with quality names, blah, blah ... How on earth you supposed to do that if you have no data available? Sure easy for her to say since she has access to everything, but impossible for the average Joe who has no data (or very little) to work with.

The main problem which bothers me is the fact that some get preferential treatment and I'm talking about MK, employees, friends, relatives, ambassadors and all others rubbing shoulders with Margot.
"A smart man knows when to stop" - now I'm not saying that Krell isn't smart but he certainly doesn't know when to stop. I think it would be just fair if Margot would put a cap on the number of domains each "friend" has listed otherways in a couple of months time when they'll reach 50k names, Krell will probably have about 10k of them, Margot 5k and all other "friends" another 2-5k all together. That would make 20K out of 50k names owned by BB insiders which is disgusting imo . I think a max of 2-3k names per person would be more than enough even for the managing director...he can always "prune" his portfolio as Margot suggested. and that would give everyone a small but fair chance to sell their names.

 

[svede]

I use real data which has guided me fruitfully not hypothesis or clues.

Quite frankly, I not only question your data, but don't trust it. I am with everyone else wanting more data, but your scraping seems to miss things. I'm a software engineer and I am not surprised that you would miss data if all you do is scrape the data and compare to whois, etc (what I understand of how you do it from your other posts)... As one example, I had a $5k sale on BB late last year that you missed (and no, I am not sharing the details of it). If you missed that, how many others did you miss? I thought I read others noticing some data missing as well in another thread... Is it really a 5% club or are you missing another 5%? 10%? 40%?

I appreciate data (although I don't always agree with your practices/viewpoints), but please don't take this as an attack on your data. It's just you are using it as proof of your arguments when I know for a fact that it is inaccurate data. Therefore, I cannot follow in line with your arguments/conclusions.

 

[Grilled]

No offence @Grilled but you're off the charts lately especially in regards with the listing fee.

Thank you for chiming in. I really appreiate hearing your insight. I will take this as a sign to bow down for a moment, and let what I've proposed marinate in the community. Thank you for listening to what I had to say, questioning it, and evaluting to form an opinion of your own based on your experience. This is the exact type of domaining mindset I'm working to promote.

I mean none of that with no disrespect if any of it came off as such @loredan . Thank you again.

I suspect your "perfect" marketplace would pay you to list your name, would sell 2 hand regs each day for each member at $5k each, would let you all access all the data in the world and hell they'll even throw 2 cinema tickets for anyone...well that's not going to happen...

This is not my perfect marketplace. I will be happy to share with you, and everyone else my vision of a perfect, or near perfect marketplace. Thank you.

 

[Justin Matmor]

Have you ever taken an economics course before? I say this with respect, but I don't think you're grasping the big picture HERE. Many of us domainers have 1,000+ domains with renewals fee's of our own to worry about. We would like an equal and fair marketplace if we're forced to the exclusivity and listing fee investments of a brandable marketplace like BB. Not all my domains are hand regs. I expect decent and quicker return out of my premium domains.

There are many examples of hand regged domains being sold for $3000+ on BB. If you truely have genuine premium domains why aren't you using a specialist broker to sell these? By listing these on BB may not be a smart move imo.