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?

 

[DKN]

In Economic perspective,

When Demand Increase: price increases, quantity increases.

When Demand Decrease: price decreases, quantity decreases.

When Supply Increase: price decreases, quantity increases.

When Supply Decrease: price increases, quantity decreases.


Due to high supply the price range decreased between $15 to $35

Some sellers are more happy with their 2X Return for their investment of $10 Handreg.

It depends upon seller's financial requirements.

 

[NamesMax]

Most of the ones on NamePros are "BrandBucket Accepted" which means BB has approved the name but the listing fee has not yet been paid. The buyer will still need to pay it.

I see 2 reasons you see these at those prices in the forum:

1. Cash flow needs. Someone needs to raise some quick cash.

2. Business model. Some have a business model of registering a "wholesaling" names. Hand reg for $8 or $9 and flip for 3 or 4 times. They have to do it in volume. Having the BB acceptance makes the name more liquid.

 

[Chris Hydrick]

BrandBucket doesn't always have the keenest eye for brandables. Often times they pass on "good" ones, and accept "bad" ones. As a domainer, don't we feel all of our brandable's are "good" thus the reasoning for registering it?

So if we buy 4 brandables at $8.50 each and only one get's accepted to BrandBucket. All we have to do is sell the brandbucket domain for $34 to effectively get 3 brandables for free. Granted, these domains won't have the lottery option of being sold on BrandBucket so you'll need to have an alternate way of selling your brandables.

Selling cheap has allowed me to get liquid quick whenever I needed funds for a new Brandable purchase. I sold a BrandBucket domain cheap to get the funds to register the last domain I sold on BrandBucket. Without selling cheap, I wouldn't have been able to buy the expired brandable in time.

With that said, I'm still not sure selling cheap is the smartest approach even though I do it often. It hurts to see a domain you sold for $XX sell for $X,XXX a few months later. It happens to the best of us resellers some time or another.

 

[Dominic Belley]

It might never sell on BB.
A lot of sellers are losing faith in BB and prefer to get $30-$50 back, make a small profit and invest it somewhere else.

 

[DomainVP]

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

 

[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.

 

[biggie]

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?

Hi


it's based on hype and propaganda of reported sales, originating from that website.

originally, they were only accepting domains that were non specific to any subject, and it appeared that they had a criteria for "quality".

since it's perpetuation across the domain community, some have used their probability of a "sale", as a precursor for "value", that they attach to any domain, regardless to it's quality, which has been accepted.


the logic is flawed at every premise, yet new schoolers' don't know, and the "flip group" exploit it, for low profit gains.


note: this subject has been mentioned before, regarding whether or not a domain name's acceptance, automatically adds value.

imo...

 

[DomainVP]

Yup... so that comes back to the root issue with domaining according to me! The "sold" prices you see cannot be achieved. The frontrunners or the initial people who entered domaining are dumping it to the second and third line. They create a sort of "hype" that domains are being sold at XXX or XXXX rates. But when you go out to sell even for XX you suddenly realise that you are the last one holding the domain and when we ask we are told that the "trend" has changed and the domains are no longer the trend so buy new domains and dump the old domains at a loss. As this cycle keeps on repeating only the leaders keep the profits and the others have to keep the losses? Am I right? or missing something in the entire picture?

Very simple.... BB accepts junk to make the $10 on their name submissions.

New domainers think BB is some kind of magic solution to selling domain names, when the truth is that there is a 3%-5% success rate if you aren't Michael Krell.

So to sell domains with them consistently you would need to have a minimum of 300 to 500 domain names listed with them... costing $3000 to $5000 in listing fees... and your domain MIGHT sell for $1800, minus success and logo fees. leaving you with a few hundred bucks.

The BB sales model is a pipe dream for anyone else that isn't directly affiliated with them.

With BB you are either selling your name for too cheap, taking a hit on fees, or just paying for 'acceptance' that isn't any more relevant than getting approval from the guy at your local corner store.

Lister beware when it comes to BB.

 

[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...

 

[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.

 

[ivey]

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..

 

[DomainVP]

maybe because of lack of exposure on the platform.

How can anyone get any exposure when Michael and Margot have their names displayed first, before everyone else that has listed names on their platform.

 

[Hypersot]

guys, those are the names that got *accepted* , they're not the names registered and sent to BB
If they sell for $20-$40 then they get a loss. Am I also missing something?

Even if one regs 100 names and sells just one at BB prices, the gain is way higher than with all the trouble one has to go to support all the dozens auctions for $10-$20 profit

Note that I consider domaining time as $$ thus the above model sounds a waste of money to me

JMO

 

[hn]

Yup... so that comes back to the root issue with domaining according to me! The "sold" prices you see cannot be achieved. The frontrunners or the initial people who entered domaining are dumping it to the second and third line. They create a sort of "hype" that domains are being sold at XXX or XXXX rates. But when you go out to sell even for XX you suddenly realise that you are the last one holding the domain and when we ask we are told that the "trend" has changed and the domains are no longer the trend so buy new domains and dump the old domains at a loss. As this cycle keeps on repeating only the leaders keep the profits and the others have to keep the losses? Am I right? or missing something in the entire picture?

 

[Chris Hydrick]

I sold a BrandBucket domain cheap to get the funds to register the last domain I sold on BrandBucket. Without selling cheap, I wouldn't have been able to buy the expired brandable in time.

To clarify, the BrandBucket domain I sold cheap wasn't expiring soon. I needed to liquidate to have funds to purchase an expired domain that day. Essentially, I sold a BrandBucket published domain for $30 and used $18 of which to purchase and list a domain that later sold for $1,900.

This approach will be good for the expiring domains (planning to drop).

This is a risky strategy. Of course if you can't afford the renewal, it's smart to sell opposed to letting it drop.

I say risky because a BrandBucket domain I sold to a NPer recently sold on BrandBucket within days of the domain being renewed. I imagine the buyer was hoping the seller would let it expire, and they could pick it up for less. Then once the domain was renewed the buyer realized they had no other option but to pay full price.

 

[brindle123]

Seems like a way to get some cash out of new domainers who this their domain is worthy since it was accepted by BB. So the new guy pays for the listing only to have it sit there and not sell.

There are plenty of sales sites that only charge is the domain is sold. Don't pay extra for a service that only takes your money before a sale!

 

[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.

 

[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...

 

[BrandClub.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

BB requires EXCLUSIVITY for the domains listed with them ...

 

[namerav]

Agree with @NamesMax for quick liquidation.

 

[DKN]

Note that I consider domaining time as $$ thus the above model sounds a waste of money to me
JMO

With that said, I'm still not sure selling cheap is the smartest approach even though I do it often.

I agree with both of you at this point, Its not a profitable approach to sell for 2X or 3XReturn.

This approach will be good for the expiring domains (planning to drop).

Registering domains for only resale is not profitable one, also it requires lots of work to monitor auction and payment processing.

 

[domainnamesdaily]

To clarify, the BrandBucket domain I sold cheap wasn't expiring soon. I needed to liquidate to have funds to purchase an expired domain that day. Essentially, I sold a BrandBucket published domain for $30 and used $18 of which to purchase and list a domain that later sold for $1,900.

Nice job Grilled Jesus. This was a nice strategy. Congrats.

 

[Chris Hydrick]

New domainers think BB is some kind of magic solution to selling domain names, when the truth is that there is a 3%-5% success rate if you aren't Michael Krell.

If sellers want a higher success rate, stop hand regging domains, and start paying mid $XX to low $XXX for a solid aged brandable at reseller prices then submit premium quality domains to BrandBucket. Quality over Quantity, or play the lottery of brandable hand regs because snapping domains can be risky if you don't know what your doing. Note: I sold 3 domains on BrandBucket. 3 hand regs. (2 made up domains + 1 Keyword Cloud Domain) Plus 1 more BrandBucket sale (made up domain) of a domain I sold for $XX on NP was also a handreg.

If you can't handreg or snap yourself a brandable lottery ticket, buy a domain that has already been accepted / approved. Buy a domain not only because it's a BrandBucket domain or even the suggested pricies. Make your decision based on the quality of the domain, and what you feel you could get for it on other marketplaces. You can de-list with a 30 day notice at any time.

Resell Buyer beware - Domains are investments. Some are short term. Others are long term.

 

[Chris Hydrick]

Seems like a way to get some cash out of new domainers who this their domain is worthy since it was accepted by BB. So the new guy pays for the listing only to have it sit there and not sell.

That's why you should use your discretion when buying a BrandBucket domain as a reseller. Don't just buy because it's BB Accepted.