One major goal achieved with some other updates

Hello and Assalamo Alaikum,

As everyone can see I have made my last post almost a month back and the main reason behind that was to shift from Karachi to new place which I mentioned in one of my previous posts. I was going to either shift in Dubai or Islamabad this summer and ALHUMDULLILAH finally I decided and moved to Islamabad this month.

I visited Islamabad earlier too, did survey before finally shifting on permanent basis. I found this better place for my family’s future. Recently we bought new house and a hybrid car Prius Tommykaira 2011 for which I wanted to share some pictures with you all.

Our-new-house

Prius Tommykaira 2011

Prius Tommykaira 2011-3

 

So far 1 goal has been achieved and I will try my best to achieve remaining 4 goals within this year although I know it will be difficult because while shifting and all I got slowed down in buying as well as selling domains. I will try my level best to publish posts more regularly from next month as I need to have some more time to sort out remaining stuff.

During this migration, I sold another domain but this time it was in four figures 😉 The domain name was RockTools.com which was sold for $4,000 through DNS broker Brooke. Thanks to Brooke for constantly keeping in touch with the buyer and wrap up the deal on time and when required exactly. Many thanks to Escrow.com too for helping in closing this deal very smoothly. I can never ask for anything better at Escrow.com as they are simply the best.

Thanks to ALLAH Almighty who showed us right path and we moved to a far better place.

As I am new in this city, any of you from Islamabad/Rawalpindi may contact me if you wish to.

Auction your domains whenever you’d like at Sedo.com

 

Hello and Assalamo Alaikum,

Recently I listed all my domains at Sedo but not much inquiries through them and honestly I want more domains to be sold through DomainNameSales or direct inquiries made through WHOIS because that keeps the commission away and everything is transparent at every stage.

Auction-domains-whenever-you-like-at-Sedo
However, today I received an interesting email from Sedo which says that you can auction off your domain at their platform any time for only €59.

Just choose the starting time and your desired minimum bid – that’s it. Your domain auction will be featured on our homepage and in matching search results, attracting bids.

With our new Direct Auction, you are free to choose:

  • Which domain to auction off
  • When to run the auction
  • Your own desired minimum price
How to start a Direct AuctionTo start a Direct Auction you need to first list your domains for sale, which you can easily do from the ‘My Domains’ menu. After adding the domains you want to sell, you can then start your own, personal auction. Simply click on “Promote Domains” below your domain list.

  • Choose up to 10 domains
  • Set a price between $90 and $10,000 and
  • Select your desired start date

We’ll send you your own individual auction page link, so that you can share your domain auction with potential buyers.

Additionally, your domain auction will be featured on our homepage and in matching search results, maximizing visibility and reach!


Your benefits

  • High flexibility: Start an auction any time you want
  • Maximum exposure: Featured on Sedo’s homepage & search results
  • Full control: Choose your desired reserve price

I personally think this will bring in lot of crappy domains into auction stage where you will find difficulties in finding the right domain for yourself. Overall, I see it’s good for Sedo as they will end up making more money and auctions will have lower quality of names compare to decent one’s.


What are your thoughts in this regard and would you give it a try some day in near future?

Escrow.com Acquired by Freelancer.com

Hello and Assalamo Alaikum,

Today morning I received an email from Brandon Abbey, the President of Escrow.com revealed an exciting news which I wanted to share with you.

SYDNEY, April 27, 2015: Freelancer.com, the world’s largest freelancing and crowdsourcing marketplace1 , today announced that it had entered into a definitive agreement to acquire Escrow.com from a private investor for US$7.5 million in cash, and completed a AUD$10 million placement of ordinary shares to institutional investors.

Headquartered in California, Escrow.com provides online escrow services that facilitate and accelerate e-commerce by assuring secure settlement. It was founded in 1999 by Fidelity National Financial, a Fortune 500 company and the US’s largest provider of commercial and residential mortgage and diversified services.

Escrow.com is the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet, with FY14 gross payment volume of US$265 million, net revenue of US$5 million, US$1.2 million in EBITDA and over US$2.2 billion in transactions to date.

Escrow.com reduces the risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to buyer and seller instructions. Escrow services provided by the company are licensed and regulated.

Escrow.com partners include eBay, GoDaddy, AutoTrader.com, Flippa.com and it is also a strategic partner of the U.S. Commercial Service (USCS) in support of President Obama’s National Export Initiative designed to significantly grow US export volume.

Freelancer.com Chief Executive Matt Barrie said, “We are pleased to acquire Escrow.com, the world’s largest online escrow company. This highly complementary acquisition will enhance the ability of our 15 million users to transact securely, and there are large opportunities for growth and synergies with core offerings. Finally, it is a strong cornerstone for entering the payments space”.

Escrow.com President & Managing Director Brandon Abbey said, “We are excited to be joining the Freelancer.com group. Freelancer’s expertise in marketplaces, combined with our expertise in secure online payments are an excellent strategic fit.”.

The Escrow.com group staff will be continuing with the California-based business.

A capital raising of AUD$10 million of ordinary shares to institutional investors was oversubscribed and has been completed to fund the acquisition, and for general corporate purposes. 10 million ordinary shares were issued at $1.00, a premium to the last close of $0.995. UBS AG, Australia Branch, was sole bookrunner for the deal. The acquisition of Escrow.com is subject to regulatory approval.

Settlement of the placement is currently scheduled to take place on Thursday, 30 April 2015, with allotment and quotation of shares expected to occur on the ASX on Friday, 1 May 2015. Escrow.com was advised in the transaction by Capstone Partners LLC.

About FreelancerÂŽ

Quadruple Webby award-winning Freelancer.com is the world’s largest freelancing, crowdsourcing and local services marketplace by total number of users and projects posted. Over 15 million registered users have posted 7.5 million projects and contests to date in over 850 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN.

Third consecutive domain sale of five figures this year

 

Hello and Assalamo Alaikum,

I feel this year is going great ALHUMDULLILAH in terms of sale prices. As my new year started with five figure sale. Then there was another five fig sale last month for which I was unable to disclose the detail. However, this month I closed another five figure sale but this time I am able to share the details with you.

Coming to the point, the domain in question is Mawad.com which I sold for $11,500 through DomainNameSales.com and Escrow.com. I think this was the fastest wire received for any of my transaction so far as it was received and approved within few hours! Thanks to Escrow.com for everything.

Third-consecutive-domain-sale-of-five-figures-this-yearThe moment I asked buyer to make an offer, his response was that this domain was required for student project. Immediately I thought it wasn’t going to work and we couldn’t proceed further. But as always I reply to all inquiries no matter if it looks serious or not. You never know when and which lead will turn into successful sale.

I asked 15k. Now you must be thinking that I normally don’t throw away asking price first but considering poor student and mark it as imcomplete sale quickly I just asked this price. Although I have quoted the same price in past to others as well.

He countered with $7.5k which was reasonable to start off negotiation. I asked him to come closer to my asking price if he is seriously willing to buy it. Next offer was 10k. I told him that I received 10.5k offer in past and it was true as I don’t like in trying to work out a deal. Next was 11k and finally we agreed upon 11.5k.

Buyer was quick enough in closing the deal and everything went smooth as we planned. I am very much satisfied in having all these sales but the number of domains sold so far aren’t as impressive as I planned to do so.

What are your thoughts on this recent sale? Care to share yours?

DomainNameSales.com Commission Adjustment

Hello and Assalamo Alaikum,

Recently I received email from DomainNameSales.com which I would like to share with you:

Dear friends and clients of DomainNameSales.com

Beginning today our DomainNameSales.com brokerage will be adjusting commission structures for brokered transactions from 12.5% to 15%.

This commission adjustment brings the industry’s most advanced sales-platform in-line with market rates charged by other brokerages, however, it is an incredible bargain against the backdrop of services which continue to increase as we move towards our integration with Uniregistry.

Over the past 90 days we have added 5 new Domain Brokers – two are fluent in Mandarin, three have backgrounds in Hi-Technology, Advertising, and Engineering Sales. Our new team members allow us to extend our reach into new markets and industry verticals, and to do a better job for you. The total number of in-house brokers at DNS is now 24 – who speak more than 10 languages, and are available from 7AM-9PM M-F CST, to work on your leads.

This rate change applies to any domain negotiation currently in process unless the price has been agreed upon by buyer and seller.

Any questions please call 1-800-818-1828 ext 8 or +1 949 416 2555 and ask for Jeffrey Gabriel.

Jeffrey M. Gabriel
Vice President of Sales | DomainNameSales.com
Office: +1 800 818 1828 (x6261)
Direct: +1 949 416 2555 (x6261)
QQ: 2926924739
Skype: JeffreyMGabriel
Personally I don’t think this change is good because of two reasons. One is there is no more attraction in commission percentage as compare to similar platforms like Afternic, Sedo, etc. Earlier rate of 12.5% was better not because I had to pay 2.5% extra from no onwards but the main reason is these rates are charged by other companies too. Although I still like DomainNameSales far better than others because the brokers are very professional and friendly as well as there is clear transparency at all steps.

Secondly, as mentioned in above message “this rate change applies to any domain negotiation currently in process” isn’t good too. Now when I am negotiating with a person through broker, so I have set margin of 12.5% but in between of negotiation I have to adjust my margin level and keep things tight in lowering my final asking price. In my opinion, this change may take place from any specific date/time.

What you guys think about this change? Feel free to share your views on it.