Back in 2015, without discussing it in the BrandBucket experience thread on Namepros, a couple of members Brand Pluck and Crocodile Dundee started a new kind of auction. They were auctioning off brandable domain names that had been accepted by BrandBucket.
After this a few others took notice, and some others were reporting these threads as a violation of BrandBucket’s TOS.
The auctions saved a step for prospective BrandBucket sellers, they don’t need to worry about being rejected, the name is already approved.
Back then people wanted to get their names into BrandBucket and not have to worry about rejections. For many getting that approval sticker as Joseph Peterson calls it, meant everything. They did not see how to sell a brandable without the aid of BrandBucket.
Of course there are plenty of places to sell a brandable but that is for another article. At the time of the birth of BB wholesale on Namepros, there were roughly around 15,000 domains listed on BrandBucket.com. Today BrandBucket is approaching 40,000 domain names.
The wholesale market has taken a hit as I guess was to be expected. So many people joined BrandBucket and waited for $1 or $2 .com special to register names, get them approved and look to make just $10 or $15. These approved names were going for $50 to $100 in 2015. Another part of the equation is quality, there seems to be a lot more lower quality names approved and people are happy to just pocket $10 profit, which on $1 is not a bad ROI.
Noteworthy brandable investors such as Doron Vermaat have pulled their domains from BrandBucket. Others have expressed they may pull their domains as well. While others will keep their best names off the platform and leave the names they really don’t feel they can sell or have a low priority in their portfolio.
Tim Culpepper from Domain.Buzz just listed 40 names as one lot with a buy it now that works out to just $34 a name. These names have intrinsic value of $400 comprised of listing fees paid. The current high bid is just $190.
You have to know when to leave a domain party early before there are just too many guests. The host cannot feed everyone to satisfaction.
Brandbucket is good for insiders, all that traffic your domains bring is good for them.
30% is good for nobody, plus logo fees blah, no need to pay $300 for a damn logo that costs a few dollars these days.
#BrandbucketFAIL
The issue is they have too many bad names on BB now. Buyers must get really tired of searching through all the sh*t names on there. That means you chances of selling are extremely low these days.
I agree that there are some bad names, according to my personal preferences, but they sell. I have seen some horrible names selling on sedo, afternic, godaddy and other brandable marketplaces as well.
Brand able marketplaces are different since they hand pick the “best quality” names.
This is good for everyone IMO.
I have hand registered more than 200 domain names this summer at under $2 each. I have sold quiet a few for more than $15 each.
At first I didn’t liked the idea of buying $1 and selling under $20.
I have changed my mind after I went to the casino with a friend. My friend was angry after losing $50 in the slot machines. I gave him $10 and he won $170.
So he won $170 with $60 and was really happy. Well, I then realized that I can invest $60 on 30 hand reg brandbucket approved domains and make an easy $300. Why not? Profit is profit.
I am selling and buying those BB names like we do with the rest of our portfolio. Sell the domains we like less to buy better ones. We all value brandable domain names differently.
This is a good thing for them as there are more people digging for brandable domain names and those brand names will be published on their marketplace.
They want to ensure that all clients find a domain to buy.
*Well, I must say that I use many tools, I follow trends, read a lot and spend hours building available to reg lists. I don’t recommend this strategy to anyone as it requires a lot of skills and time. You must know what you are doing first.
You are not factoring in your opportunity cost,’I bet if you do the math, after all
Is said and done you are making less than minimum wage
Shane,
That is only one way to make money out of thousands.
Yes time is valuable.