discuss Do you really think BB values (Price for domain) are real ??

[vikas123]

Brandbucket quoted prices for domain

 

[johname]

Even if a domain looks like no big deal to us domainers, if an enduser looks at it and says. "Hey that's the domain name I want for my business!" It is a $xxxx domain.

So the prices are fine as long as one understands who the target is.

 

[ProvenPro]

You only need to find one person who agrees with the price.

 

[disaac81]

Brand names have value sure, representing your brand name as a domain name for your presence on the web is vital for brand awareness.

It is not uncommon for a company to spend high five figures to hire a naming agency to find a great brand name for them, that reflects their mission, message, values and that will resonate with their target industry and audience.

I will give you a real life example, from my past working in IT. We used to use a product called Barracuda, I loved the product and it's offering, but the name itself drew me in before I even knew how good they were. As an end result, I used them in a further two deployments in a medium to large sized deployments..

A brandable domain name (hence a brand name) is worth so much more than you can imagine, look past the letters and feel the meaning of the name, through it's feeling in the mouth and it's connotations, definition and what it inspires within you.

 

[SBS66]

but setting XXXX price for any domains which are worthless and confusing everyone

Who decides that it's worthless? BB? And who gets confused? In referencing "everyone" do you mean buyers and sellers get confused?

It is extremely hard to make money with BB as shown.

What I think they should do is put other users domains in prominent positions rather than mediaplows so that we can all celebrate others success too.

I mean come on, give us all a chance, let the DIrector stay off the featured section for just a few weeks? Good idea?

I don't get the lure of of BB and and did try Namerific, to whom I paid $10 for some bs listing that never materialized. I also didPlentyofBrands with 2 names that I'm about to take out because that site seems dead or static in terms of sale...haven't seen any update to their sales total in well over 6 months.

BB "values" or "prices" are just opinions. Rather than complain that BB doesn't give everyone a chance, go out and do something different ..it may work, it may not..but I don't see BB or any other marketplace becoming more democratic every time someone complains.

Even if a domainer is not an investor like @AbdulBasit.com, who is confident in the value of his names (not to mention patient), we would all benefit from having confidence in our names and trying to develop our skills in choosing better names and in marketing them rather than waiting for some marketplace to wave their alleged magic wand and do the selling for us.

 

[baseballworld]

Well you can't expect to get a price that you never are willing to ask for. Don't be afraid to negotiate nothing's set in stone.

 

[namerav]

I think it's real.

 

[Bram C.]

They are very real.

If they were fake then they wouldn't be selling two domains per day (on average).

They sell around 2 domains per day yes, but keep in mind that they have an inventory of around 35,000 domains. BB basically sells around 800 domains per year out of 35,000 listed (and most of those sold domains were owned by the site owner). In other words around 2.3% of all BB listed domains will end up being sold after one year. The other 97.7% won't be sold.

 

[frank-germany]

here are my personal averages at BB

6.82% of inventory sold
over the past 12 months

its about the names
not about the owner

 

[equity78]

Michael Krell is not the owner of BrandBucket. Michael posted on TLDinvestors.com that he pays 30% commission like every other BrandBucket seller.

 

[Abdullah Abdullah]

It is extremely hard to make money with BB as shown.

What I think they should do is put other users domains in prominent positions rather than mediaplows so that we can all celebrate others success too.

I mean come on, give us all a chance, let the DIrector stay off the featured section for just a few weeks? Good idea?

Featured names depends on what they like. I once had four names featured.If the buyer doesnt want your name then featured or not it will not be bought by that buyer.

I know other useers here who had their names featured too.MK has good names and spends more than we spwnd I think cause the names he has are great. Also, when you have 5550 names out of a 35000, I think there will be more chances for that such owner. I have 28 published, 8 pending, 2 sold . When I sold my first name, I had 5 names published with only one being there almost a year . Yet , a buyer came and like my only odd name and bought it.

Then I had 11 and made another sale. All hand regs. So sales can happen at any time.

All I know also is that members with big portfolios are making sales.

 

[Brandworthy]

here are my personal averages at BB

6.82% of inventory sold
over the past 12 months

its about the names
not about the owner

It's also about statistical significance. If you had 5-10% of all inventory then we could surely conclude that your names are likely better. But if a far smaller number then I'd say it's either a low number of sales where just one more or less sale has an oversized impact on your sales rate, or just pure luck.

E.g. having 4 names listed and 1 sale gets you a sales rate of 25%. But it doesn't necessarily make your names any better than the rest.

 

[Hypersot]

not sure what to reply ... may be some other trend of domain will happen from them

don't forget also the marketing power that a high price on a crappy domain has:
Think of a <good_domain> priced @ $x,xxx alongside with a <crappy_domain> priced at the same price.

The potential buyer will think that he is getting a deal when buying the better domain at the specified price

 

[Justin Matmor]

Brandbucket prices for domain

They are very real.

If they were fake then they wouldn't be selling two domains per day (on average).

 

[baseballworld]

To be honest you wanna negotiate a 7 figure deal gonna need confidence that's for sure. Can't let them sense any fears and stuff.

 

[Bram C.]

statistics are about average right?
so that should be same for all listed domains

I don't know what the average would be if one would exclude the site owner his sold domains. I assume it will be lower than 2.3% though.

here are my personal averages at BB

6.82% of inventory sold
over the past 12 months

its about the names
not about the owner

That's awesome. And yes it's about the names but the owner has better names than the average names on brandbucket I think (and has many more listed ). Plus it makes sense for him to promote them better than any of the other names.

 

[baseballworld]

If the true value of a domain is only worth what someone is willing to pay for it then why not. counter offer what could it hurt. Can't hit a home run without a pitch.

 

[frank-germany]

I always wonder how million dollars deals are made

somebody is calling like
"hey I want your name, and I think I'll give you $1.200.000 USD
is that ok for you? "

or how?

somebody may say:
"if you want my name it's for sale at $1.200.000 USD"

I have never done a million dollar deal
so I don't know
but I doubt its version 1

 

[frank-germany]

if you watch the interviews on domainsherpa you'll learn how you can nogotiatiate a 7 figure deal.

I watched them
but I didn't learn it from there

that why I had to buy a few books about negotiation
and I even had to read them...

but here the question is
how to sell a "worthless" domain for 1500 USD

answer:
ask for it

 

[frank-germany]

if you want to read the 1 book that reveals it all
its called
" secrets of power negotiation "

https://www.amazon.com/Secrets-Power-Negotiating-15th-Anniversary/dp/1601631391

 

[frank-germany]

cant sell anything that is worthless

if somebody wants to buy something from you
it can't be worthless to him

even if you have no clue
why he wants it

thats what you want to find

 

[disaac81]

So based on what you just wrote you buy 100 hand regs (since you said $9/domain) and all 100 get accepted in BB. Wow. That's amazing.

All jokes aside, what's the average acceptance rate of hand regs on BB?
And then maybe make a calculation based on that? Because for every domain that you handreg that isn't accepted you pay $9 as well.

Good point. I do wonder how on earth MK is achieving an acceptance rate of 80% or more (I am assuming that he is, given that is what BB wants you to achieve).

I have an acceptance rate of around 30%. The point is, unless you sell your non-BB names, you will most likely never make a profit using BB. Only the top few percent of sellers will, and hats off to those of you that do, your doing well in a very difficult niche.

 

[frank-germany]

So based on what you just wrote you buy 100 hand regs (since you said $9/domain) and all 100 get accepted in BB. Wow. That's amazing.

All jokes aside, what's the average acceptance rate of hand regs on BB?
And then maybe make a calculation based on that? Because for every domain that you handreg that isn't accepted you pay $9 as well.

that is true

that chances the odds a little
so here are my personal stats

Submitted:728
Rejected:623
Published:83
Sold:3
8 are pending for design
1 accepted domain I do not want to publish

let say I spend $7280 usd on registering domains
and $830 usd on fees

now I m fucked as I spend $8110 usd
as I was paid only $6950 usd

I wasted $1160 usd
to have 80 published names
and 8 pending design

thats $13,18 usd per published name
- I can live with that-



come on BB give me another sale

 

[disaac81]

It is extremely hard to make money with BB as shown.

What I think they should do is put other users domains in prominent positions rather than mediaplows so that we can all celebrate others success too.

I mean come on, give us all a chance, let the DIrector stay off the featured section for just a few weeks? Good idea?

 

[kn65]

If a salesman can sell an Isuzu, they call sell anything.

 

[UncleBrand]

Now they have around 40k names.
And they make around 75 to 90 sales / month i.e. around 900-1100 / year.

never rely on statistics
you didn't fake yourself

they have 39k domains now,

the sales report is for 2015 ,
with 801 sales reported by themselves,
when they had 35k names

Edit:
Press release from BrandBucket, they talk about 25k at the time they wrote the article
http://www.prweb.com/releases/brandbucket/sales/prweb13316820.htm