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

 

[Justin Matmor]

Nope. It is the same as the normal.They answer to all submissions in 72 hours



I tried the system for a month or so I think and I finally decided to gwt back to my old system. One of the reasons being if I like a name I reg regardless of what BB will say so why pay to have it reviewed? If you are solely buying for publishing on BB then this program is good , if not then it isnt.

The only benefit of staying in the old system is you save $1 if your goal is to get an appraisal only.

 

[JimJammy]

The only benefit of staying in the old system is you save $1 if your goal is to get an appraisal only.

Yes and no.

If you are going to buy or have bought the domain anyway (because you have a back up plan if it's not accepted) then you could see it as a loss of $1 if it's not accepted. It depends on your mindset on that one.

I've been on the new plan for a while now. I saw three names for sale at $49 each in GoDaddy and submitted them to BB ($3). One was accepted so I only bought that one. In that respect, I saved myself $48 x 2.

I can understand why people would want to stay in the old plan as I do buy names before I submit them. The growth plan does open up other purchasing opportunities for me though (as in the example above) so I'll be staying with this plan.

 

[Michael M]

I personally have no problems with the new plan, but I do not intend to use it because I prefer to choose my purchases rather or not they become listed with BB at the end.

For me, it would cost $1 extra for every name that is rejected than it does now. Since my reject rate is high this would add substantial cost while lowering my inventory, which can be sold on other marketplaces or via landing page. Therefore also reducing my income.

I can see the usefulness to this program if you intend use BB as your exclusive marketplace and you do not want an inventory of "rejects"

If your domaining strategy is not centered solely around BB then I would recommend people do some personal reflection and math before choosing. For some it may prove vastly beneficial while to others it could become costly or box you in.

Sorry. I am not here to stomp on BB's new program - I just always feel it important to try to talk about everything from all points of view. Not here to be pro BB or anti BB.

As always I want to add the disclaimer that I have no issues with BB as my relationship with them thus far has been profitable and their support and management very helpful.

 

[Brandworthy]

Introducing the BrandBucket Seller Growth Program

I can't understand why they are focusing on expanding their marketplace even further. With 43,000 listed names, the focus needs to be on more sales IMO, and not more inventory.

This latest change is focused on sellers who hand reg their names, and while there is a few outstanding sellers that pick great names, in general new hand regged names sell at a lower rate than names with prior history. You might save yourself $2,400 USD as in the given example, but if your sales rate is substantially lower than the site average those initial savings could turn into a big lose in revenue over the longer term.

FWIW this new program makes little long-term business sense to me. The focus on trying to further grow that magic "Search 43,XXX available business names for sale" number feels like a classic "ramp-to-exit" strategy. While there's absolutely nothing wrong with that (if this is what they are doing), as a seller I want to function it into the risks associated with my domain strategy.

 

[campout]

More inventory, unless it's one's own, is bad for sellers and good for BB. There's no getting around that.

Regarding the growth program, I think it's not as simple as just saying, "I would've saved $2,000" under this system. Because you have to look also at the performance of your rejects. Like others I don't just let my rejects sit stagnant until expiry. Would I have still bought my rejects that sold to end-users (had one this week) or for a profit to other domainers if I had known beforehand that they would be rejected by BB?

I think it requires some more complicated math where you compare rates of return on BB accepts vs. BB rejects and then factor in how much capital would be invested under growth vs. the standard method.

 

[slimjim270]

2 years ago... I would have jumped on this program.

I joined BrandBucket in Oct 2014, submitted 930+ names and had 330+ accepted (published). Almost all the names were handregs. I had this ambitious goal and was driven to be one of the Top 10 players on the platform in account size. Along the way, I met several terrific and extremely insightful individuals. Most I met thru this thread and the NamePros Forum.

For the model I mentioned above, this new program is outstanding and I give kudos to BB for giving it a try.

But...

I would like to share this for anyone new to the "brandables" party....

I quickly realized over the past 2 years that ROC (return on capital) was key to "brandables" success. Revenue / total inventory is a terrific metric for measuring performance. And if your Sale $ average per inventory count did not exceed your Cost $ per inventory count on an overall litmus test, then you should reflect on your domain investment approach.

Along those lines, if you invest in "brandables" (whether on BB or any other marketplace) and do not receive at least a 2% sales rate on your inventory, you should seriously either consider selling off your portfolio to someone else and investing in all natural, piles of Flamingo shi*... or you should seriously consider finding ways to drive traffic to you each and every individual SLP (sales landing page) for each and every name you have listed on the site.

Sitting back and dreaming of riches is fun over drinks at New Years.

But taking action to help drive your sales rate and increase your cash flow is key to success.

Domains are investments, not trophies!!

Overall - I give kudos to BB for providing a program that would cut cost for those looking to ramp up and are dancing the "brandables" waltz. My only question... are you tracking size or taking action to drive ROC?

I hope the feedback is helpful...

-Jim

 

[Abdillahi Abdillahi]

Even though all my BB ssles were from $1 handregs , I believe this wasnt for me after I discovered something

 

[Justin Matmor]

Even though all my BB ssles were from $1 handregs , I believe this wasnt for me after I discovered something

good or bad?

 

[PowerDN]

The first thing on my mind when I heard about the seller growth program is:
great! BB now has an incentive to reject your submission. With overcrowded names on their marketplace, they need to reduce the acceptance rate, while still be able to get one dollar for every name rejected.

 

[Justin Matmor]

99% of the rejections would never sell anyway. No wonder they are getting rejected.

 

[Brandworthy]

99% of the rejections would never sell anyway. No wonder they are getting rejected.

Based on what evidence?

A substantial % of my 2016 revenue came from names rejected by BB.

 

[Justin Matmor]

Based on what evidence?

A substantial % of my 2016 revenue came from names rejected by BB.

Anacdotal evidence.
You must be part of the 1%.

 

[Abdillahi Abdillahi]

good or bad?

I am using bb and publishing names so it must be good right ?

 

[anantj]

Even though all my BB ssles were from $1 handregs , I believe this wasnt for me after I discovered something

What? Help us out as well

 

[Brandworthy]

You must be part of the 1%.

Or perhaps your anecdotal evidence isn't worth as much as real-life experience?

 

[Keith DeBoer]

Sales are sales. Wherever they occur they are good. Congrats!

 

[parkerpeter223]

I've also heared about brandbucket. Would anyone like to share the names they have resubmitted

 

[Haykay2005]

Following

 

[Dnbolt]

Lot's of names were pulled away from brandbucket by BB's former brand ambassador. Seems to have given efty a boot too. Now revolutionise his site to give user's a new brandiogo experience.
Can we still use the logo that BB designed if pulling away some domains?

 

[campout]

Can we still use the logo that BB designed if pulling away some domains?

I would guess no -- that logo is still the property of BrandBucket.