BrandBucket announced three changes today, the one that stood out to me the most was no more paying logo designer’s a fee. BrandBucket will now pay them $5. (any domain name with a publishing date prior to April 1st, 2019 will still have the original post-sale logo award (this includes currently published names, and any previously published names that are re-published after April 1st.)
Reduced commission on domains priced above $10000
Starting on April 1st, 2019, the commission charged on orders between $10000 (ten thousand) and $49999 (forty-nine thousand nine hundred ninety-nine) US dollars will drop from 30% to 25%.
BrandBucket’s other commission percentages remain unchanged: 30% for orders up to $9999, 20% for orders between $50000 and $99999, and 15% for orders over $100000.
Did you know?
While most domain aftermarkets and payment facilitators only accept credit cards on orders up to $4999, BrandBucket continues to support credit card payments on orders up to $9999. Buyers prefer the ease and protection that credit cards offer, which in turn helps you sell more names in this range.
Since its inception as a marketplace that connected domain investors with professional logo designers, BrandBucket’s compensation model for its designers was to pay an award at the time of sale, and nothing at the time the logo was created. These awards, ranging from $100 to $500 (depending on the designer’s expertise) allowed many artists around the world to support themselves while also refining their skills. This model also allowed BrandBucket’s sellers to defer logo design fees to only if/when a sale happened, rather than paying a smaller logo design/listing fee for each listed name.
Due to increasing popularity of services like Fiverr in the past few years, more and more of the designers in our community expressed interest in being paid a smaller amount upfront rather than the promise of a larger amount in the future. Sellers on our Slack channel have also voiced opposition to post-sale logo awards. We are listening, and we hear you.
Starting on April 1st, 2019, sellers pushing domain names forward for listing will no longer be asked to select an additional post-sale logo design award. At the same time, all logo designers will be paid $5 upfront by BrandBucket for their logo designs. Please note however, that any domain name with a publishing date prior to April 1st, 2019 will still have the original post-sale logo award (this includes currently published names, and any previously published names that are re-published after April 1st.)
In December of 2016 BrandBucket launched a program which required a $1 fee per submitted domain, and a $9 listing fee (also sometimes referred to as a logo design fee or publishing fee). In August of 2017 we (temporarily) waived the $9 listing fee, and it has been waived until now. We are pleased to announce that we will continue to waive the listing fee through the end of 2019.