In a newsletter that went out today, BrandBucket announced they are discontiuing their Voting App. Many members used the voting system to offset some of the costs of listing their accepted names on BrandBucket. When a name is approved you pay a $10 listing fee, the voting for credits system helped to lower overall listing fees.
The BrandBucket experience thread on Namepros is very popular and so far the news has not gone over well. Member Hookbox said this:
Their submissions are going to drop like a rock. Quality of submissions will go up and Quantity will go down. It will end up being a closed society with only a handful of sellers submitting names.
This is exactly why I left them. They could care less about you, it’s all about them. They used all of you to get a large list of names and now they are kicking you to the curb and using your traffic to sell their names.
All of the BrandBucket groupies are finally going to show their true colors and give real opinions of this company now that they have to pay 10 bucks per name.
The fireworks started early this July 4th weekend. Who loves Michael Krell now?
In other news BrandBucket said they were increasing marketing initiatives online and offline. The best news was that they will start providing sellers with some intel.
“Lastly, please be on the lookout for a regular seller’s newsletter where we will go over a few past sales, popular keyword terms, and the most popular categories searched. We want to open up more communication channels with our sellers, and hopefully help you with your domain investing decisions.”
Effective July 3rd, we will be discontinuing our voting-for-credits option in the dashboard. The information we gathered over the past year has been quite valuable, and we will be using this data to help our customers find the perfect name for their company. Credits you currently have in your account will not be affected by this change. We are leaving the door open to future engagement models that involve earning credits, but there are none currently in the pipeline.