Why would someone sell a Brandable BB listed domain for low XX?

[hn]

Off late I have seen many listings in the forum who are willing to pay low $XX for a BB listed domain? I really dont get it because say BB charges a user $10 to list the domain > it lists only if it considers it brandable and salable. I am aware in real market situations getting BB prices may be a bit far fetched as they place a "end user" pricing on the same. So my question to fellow domainers is this > if you pay $10 to BB and then if a buyer on this forum asks for a price of $20~30~40 etc why would you sell it? Would you better not wait for it to be sold on BB or for better prices? Is there something that I am missing?

 

[brindle123]

That's why you should use consider the brandable domain you're bidding on. Don't just bid because, it's BB Accepted. You have to like the brandable for other reasons.

For me a brandable has to makes sense in a niche that has value. A brandable that could be used for bird cages doesn't has a base that would generate the revenue to make it worth buying or selling.

Now if that brandable deals with real estate, banking, or stocks, then there is money in that niche and will generate more money in sales due to the money flowing in and out of that niche.

 

[biggie]

anybody who is trying to persuade you to buy names, just because they were listed, ... has to have a vested interest in that philosophy.

imo...

 

[DomainVP]

Nobody needs BrandBucket except for BrandBucket themselves, and those that bow to their philosophy of 'accepted' domains.

 

[Grilled]

anybody who is trying to persuade you to buy names, just because they were listed, ... has to have a vested interest in that philosophy.

I'll admit, I have a vested interested in BrandBucket domains so take my advice as such.

Nonetheless, BrandBucket accepted or not, this should not deter you from buying a BrandBucket accepted brandable. Buy it for the brandability of the domain itself. Just because it's BrandBucket accepted doest mean you have to pay $10 and publish it with them if you have other means of selling brandable domains. It simply gives you the pre-vetted option to sell with BrandBucket.

 

[johname]

The thing to remember is sure BB wants quality controls for names in their system. But also they know they need a big inventory too (even if they may not want to publicly admit it). Need a long grocery line for that picky and unpredictable cart pusher. BB's desire is every person looking to buy, leaves with a domain.

This leads to accepted domains that owners will have to renewal every year, yet the domainer in them know it probably will never sell. So eventually decides to dump (sell on NP) instead of renewing.

 

[hn]

Ya plain and simple. People / buyers like me are the last man standing! Meaning as soon as I buy its like oh you came in too late. This trend has changed. No one invests in such domain now. These are junk domains, off load them and enter a new trend! Basically, the point I am trying to make is - when you invest in domains till a point you find another buyer or are able to dump a domain the value is ZERO. Like I tried selling lots of 50 or 100 keyword domains even on NP, but no or hardly any offers but I keep hearing that even domains with numeric letter combo etc sold for XXXX it makes me really wonder if all this is just to entice other people to enter this world and then dump the domains on them? No one has ever returned to me when I make this statement - I will help you sell your domains for X fee! Why? Because most know that in reality domains hardly sell!

 

[Grilled]

Ya plain and simple. People / buyers like me are the last man standing! Meaning as soon as I buy its like oh you came in too late. This trend has changed. No one invests in such domain now. These are junk domains, off load them and enter a new trend! Basically, the point I am trying to make is - when you invest in domains till a point you find another buyer or are able to dump a domain the value is ZERO. Like I tried selling lots of 50 or 100 keyword domains even on NP, but no or hardly any offers but I keep hearing that even domains with numeric letter combo etc sold for XXXX it makes me really wonder if all this is just to entice other people to enter this world and then dump the domains on them? No one has ever returned to me when I make this statement - I will help you sell your domains for X fee! Why? Because most know that in reality domains hardly sell!

It sounds like you haven't had a very pleasant experience buying BrandBucket domains from resellers. If I'm wrong, I'm sorry for assuming, and if I'm right I'm sorry to hear you've had a bad experience.

Part of what you're saying is a real issue for noobs, but it's really only half the truth. The fact is Brandables are extremely subjective, so who's really to say what makes a brandable a brandable. The fact is, if you want to be a BrandBucket seller, you can innovate and register your own domains. Results may vary but I've found an average of 25% acceptance to be common. Rather than buying 4 domains for $32, it makes sense to buy a BB accepted domain for $20. The issue is brandables are subjective if I found 4 domains I believe to be brandables, I'm happy selling "BrandBucket approved" domains to cover the costs of my other domains. A quick flip if you may. The catch, being, I have to find another way to sell my brandable besides BrandBucket. Ok, there are many of outlets (BrandDo.com, Namerific.com BrandRoot.com Sedo.com Afternic.com Flippa.com NameJet.com etc...)

BrandBucket is the original Brandable marketplace, so they rank well in important keywords and have been around long enough to build a decent clientele of buyers. They are not the only marketplace with these connections. The point is, buy a dolmain because you believe it's a good brandable that you think will sell, don't just buy a brandable domain to be a random lottery ticket solely because it's marketplace approved. If you look at BrandBucket's sales, you can see a difference in what sells. There are the obvious lottery exceptions that often occur, but for the most part, you can find some commonalities of quality.

 

[Grilled]

Off late I have seen many listings in the forum who are willing to pay low $XX for a BB listed domain? I really dont get it because say BB charges a user $10 to list the domain > it lists only if it considers it brandable and salable. I am aware in real market situations getting BB prices may be a bit far fetched as they place a "end user" pricing on the same. So my question to fellow domainers is this > if you pay $10 to BB and then if a buyer on this forum asks for a price of $20~30~40 etc why would you sell it? Would you better not wait for it to be sold on BB or for better prices? Is there something that I am missing?

Thank you @hn for starting this thread.

Seeing the feedback from you and other brandbucket sellers in this thread opened my mind to begin questioning the entire industry as a whole. Until BrandBucket answers some important unanswered questions, it is my personal opinion that BrandBucket is a pyramid scheme. I have since started a crusade for a better industry by continuing to question marketplace policies, and seller advantages that I feel will ultimately be the demise of BrandBucket if they don't start respecting our type in traffic and/or operating with better integrity.

I have detailed what I believe as the BrandBucket listing fee / appraisal scam in the links provided in my signature. Many more posts and videos are soon to come, so be sure to follow the blog for updates and a podcast coming soon.

 

[LaunchUp.com]

Made up one word brandables are not easy to sell, so if you can handreg something and get it into BB,then you can make a quick flip here for XX instead of risking never selling it or waiting forever. Once people see BB they assume it is worth something...

I think people need to develop their own keen eye for brandables and stop buying stuff because the cool guy named BB,likes it. So it must be important?

If I don't like a name, I don't care if it's accepted into brand bucket or soup bucket.. i won't buy it...You can't let someone else tell u whats brandable..

 

[Rick Ace]

Why would someone sell a BB listed domain for low XX?

The simple answer is that BB is not the end-user. Consumers are largely responsible for the final value, despite the fact that other entities have had success in driving up prices (for example CHIPs).

 

[Dominic Belley]

A lot of people are trying the $20 Challenge seen on Zandibot website.

Buying a domain that would be accepted on BrandBucket and resell it on NP for $40 is a good way to execute Step 1 quickly.

 

[WhoaDomain.com]

I plan to use BB to market my Sedo domain auctions. If domains are listed on BB do you think BB buyers will check out the domain link itself like out it in the address box and see what's on it? What are the odds they will do this?

I think BB is great exposure even if it does not sell.
My plan?

Submit a couple of domains to BB that I want big money for. So I know they will sit at BB. Not my hope or intention to sell on BB. I'll make sure I list eye catching domains.

I'm hoping they will check the domain link which I will redirect to my sedo portfolio. For max exposure. BB is good for something after all

 

[Abdillahi Abdillahi]

I dont know if this was the way all the time but I realised BB puts limit on the number of domains you can submit so if you submitted and got some accepted then you will need to publish all accepted then the limit is set off and it starts again.

The reason for the limit is maybe they realised that some users are just submitting names to actually get them accepted then sale on other marketplaces while advertising them as BB accepted.


So because of thus, not many users will have BB accepted but unplished names to sell for low.

 

[WhoaDomain.com]

I dont know if this was the way all the time but I realised BB puts limit on the number of domains you can submit so if you submitted and got some accepted then you will need to publish all accepted then the limit is set off and it starts again.

The reason for the limit is maybe they realised that some users are just submitting names to actually get them accepted then sale on other marketplaces while advertising them as BB accepted.


So because of thus, not many users will have BB accepted but unplished names to sell for low.

Yup! So I'm too late to the party on this huh? Lol

 

[Dominic Belley]

I plan to use BB to market my Sedo domain auctions. If domains are listed on BB do you think BB buyers will check out the domain link itself like out it in the address box and see what's on it? What are the odds they will do this?

I think BB is great exposure even if it does not sell.
My plan?

Submit a couple of domains to BB that I want big money for. So I know they will sit at BB. Not my hope or intention to sell on BB. I'll make sure I list eye catching domains.

I'm hoping they will check the domain link which I will redirect to my sedo portfolio. For max exposure. BB is good for something after all

BB requires exclusivity of the domain and the domain has to redirect to their website.
You can't publish on BB and have the domain point to another platform.

 

[Abdillahi Abdillahi]

Yup! So I'm too late to the party on this huh? Lol

Yes...way way late lool.

 

[WhoaDomain.com]

BB requires exclusivity of the domain and the domain has to redirect to their website.
You can't publish on BB and have the domain point to another platform.

Hmmm I frame?popunder?lol

 

[hn]

@Avtar629 - Ya they ask you to remove the domain from all other platforms. I think they have some software which does that and automatically sends you a link that it found the domain listed at X marketplace.

Ya basically with domaining as I have discussed this multiple times, it all comes down to the contacts you have. You may have a really bad domain but if you have the right contacts and the right marketing skills you can get hundreds or thousands from it... but if you dont have the right contacts and are poor with marketing ... even if you have a good domain + keyword domain + 1000s of monthly search + very good CPC +++ anything... when you go out to sell people say.. oh that trend has gone... these domains are worth just reg fee or low XX.

So its all about perception and hype you are able to create around a domain you market...

 

[MarkedOne]

Some people do not want to wait for long time with domain stuck in the portfolio so they sell it.

 

[tvanrijt]

I am one of the people with a few BB auctions here and there. I have a clear explanation why I do this.

I am just entering the brandables so I know I have a lot to learn. I like the brandbucket principle as a passive way of potential sales. List a few names and get a possible sale.

The dotster and netfirms .com sales was my chance to enter. My plan is to get a bunch accepted, sell off a few on NP which will cover both the cheap reg fees and the money to publish the names. I keep the ones I like best and publish these with the acquired publishing credits. This way, I have a beginners portfolio for "free", paid by flipping profits. Since reg fee was around 3 dollars and I can sell the rejects in the bargain thread, it is quite likely that this is possible for me.

The good thing is that I can then wait around 8 months to see if I get BB activity. If not, I can always sell the names on NP again.

The NP value is a nice backup for people like me just testing the waters for brandables, as I myself would have no idea how to sell brandables myself.

For me, domaining is part time and a hobby which gives me a small amount of extra funds every month. Therefore, I do not want to invest 500 dollars to wait 8 months or loger for a possible 2000 return. I play the faster game. I wont get the best price, but I am happy with that. This tactic is a way for me to sit and wait without risk and concentrate on my geo domains.

Hope this makes sense.