BrandBucket Is on Track for $1M in Sales in 2013
BrandBucket (http://www.brandbucket.com), a domain name marketplace specializing in brandable domain names for startups, is on track to sell $1M of highly brandable domain names in 2013.
Los Angeles, California (PRWEB) May 29, 2013
BrandBucket helps entrepreneurs find a name for their business or product during the crucial, early phase when new startups often face challenges — like spending time deciding on a name, only to find the domain unavailable or highly priced.
“At any one time we have an inventory of about 1500 domain names for sale, so we are excited to have such a large number of transactions moving through our system. We intentionally keep our marketplace small, so that we can curate only the best names and an entrepreneur needing a new name for their business can see every name in one sitting,” said Margot Bushnaq, Founder of BrandBucket.
Ms. Bushnaq launched BrandBucket in 2007 with her own domain names, and in early 2010 pivoted into an open marketplace after increased requests from other domain owners to add their names for sale. With $1.3M paid out to domain owners and logo designers the past three years, BrandBucket has become the only viable marketplace for buying and selling brandable domain names.
Due to increased demand and sales doubling each year, BrandBucket is stepping up its efforts to increase its inventory by recruiting domain owners with quality brandable domain names. BrandBucket will remain focused on maintaining prices at an affordable point for startups.
“In the past four years, the average selling price for a domain name on BrandBucket has increased from $2000 to almost $3000,” said Ms. Bushnaq. “We have seen tremendous interest in non-keyword, short, pronounceable .com domain names, and the steady increase in sale prices that we are seeing year over year prove that there is a serious market for these types of names.”
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