Archive for the ‘Domain Sales’ Category

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.

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?

New Year starts with a Five Figure Sale

New-Year-starts-with-a-Five-Figure-SaleHello and Assalamo Alaikum,

As mentioned earlier about what my goals for 2015, one of which is to sell 20-24 domains so let’s make this sale as first for this year and I am happy to announce it’s a decent one to start off this new year.

Initially buyer contacted in November 2014 through DomainNameSales.com platform where 99% of my domains are parked and starting offer was $1,500 for BMGL.com. I asked them to make an offer in five figs for consideration. Shortly I received message from the guy saying we cannot make an offer in five figures for your domain.

Couple of weeks later, another guy from the same company contacted directly through WHOIS and offered $8,000 which showed seriousness and willingness to buy this domain. I countered with $25,000.

Next came their final offer of $11,000 and clearly told me that they have alternative options available and cannot offer anything higher than that due to non-approval from senior management.

I gave them some hindsight about the past sales of some five fig LLLL.com to educate about the current market and value of these domain names and also reduced my ask price to $22,000. Than there was a silence…..

After a fortnight, I forwarded the DNS lead to Jessica Ebanks who is one of the best domain brokers I have ever worked with and gave her all the info about the buyer I have researched so far and about the communications we initially had.

It was interesting to see the buyer who was really professional in handing this deal at his end as well and once again started his offer with $1,500. As Jessica approached her frequently and out of the blue they offered $15,000 with no room left to up their offer. At that point, it looked that would be their max offer but I already knew who the buyer is and how deep pockets they had 😉

Later Jessica gave some phone calls and buyer came and asked if Escrow fee, broker’s commission and all other associated fees will be paid by the buyer and I gleefully accepted. She explained the guy that only wire fee will have to paid at their end along with the agreed price of $25,000 for BMGL.com.

Guess what’s next? The domain was sold at the price I initially asked for 🙂

Thanks to ALLAH Almighty for helping in achieving this sale successfully, the wonderful DNS platform, Jessica Ebanks and I can never forget Escrow.com who deserves great applause for handling it so smoothly and it was the fastest funds received I have ever seen from outside U.S to Escrow as the buyer was from Japan. Funds were secured by Escrow.com with 9 hours of buyer selecting wire option. I wish the buyer all the success with their new acquisition.

Feel free to share your feedback and have you made any sales since the start of this year?

Sites where I find out the historical and past domain sales

Hello and Assalamo Alaikum,

It’s always good to research before buying or selling your domains. One of the helping tool is to find out relevant past domain sales. If you are at the buying side, you will need to look at what similar domains sold for, the venue, extension, the year, etc. There could be many other factors which you can take into consideration but this is a must and you don’t end up paying more! So doing your due diligence is must.

If you are at selling side, you must look the past sales just to have an idea of not selling for less and leaving money on table. You will always be happy to get more than you expect but on the other side, if you will sell for less, that won’t be good for you and the market as well which is normally set on past and recent sales. Although there are exceptional sales every now and then.

I normally use NameBio.com which is frequently updated and gives you all the info you want related to past sales with all the search parameters you would want to have it. DnSalePrice.com and Dnpric.es are good as well but I don’t think DnSalePrice has enough and much updated sales data but still good to check out than missing out completely.

You can also watch out Domaining.com which shows you the top 500 domain sales. It was last updated on 09/12/2013 but still worth a look.

Another one is DnJournal.com operated by Ron Jackson and this is the updated on weekly basis and I really like it. This gives you lot of info of what is going on every week. Not only that, you can also find out the previous weeks, months and years sales. Hats off to Ron for updating his website every week for years with lot of sales.

Feel free to share if you are aware of some other useful websites where we can find past domain sales.

Recent Domain Sales

recent-domain-salesHello and Assalamo Alaikum,

As mentioned in my previous post where I shared parking revenue for October 2014, I promised to share couple of domain sales I completed last month.

First I sold HomeBird.com for $4,500 which will be soon reported in DnJournal next weekly sales report. I bought this domain in three figs several years back. Transaction was really smoothly done and dusted. Previous to this inquiry for HomeBird which turned into successful sale, I had received a total of 14 inquiries. I never thought of receiving that many inquiries until the deal was completed.

Next sale was out of nowhere really. As you know at the start of this year I have myself stopped contacting endusers and wants them to show their interest in buying my domain. But previously I used to send hundreds of emails trying to sell my domain and one was for the domain Jyden.com which I sold for $2,000. I initially contacted the buyer almost 3 years back but the buyer wasn’t satisfied going through Escrow.com and wanted to send money through bank which was acceptable. Still they had problem and asked if they could send $1,000 in between the domain transfer process and remaining 1k after the domain is transferred to them. I refused and the talk stalled there. I tried to educate them as best and our discussions took place for at least couple of months but of no use…

Last month they came back and wanted to proceed with Escrow.com and I was happy to go ahead and finish off. Not a big sale but it was more of a surprise sale for me. Both domains were acquired some years back in three figs each.

Feel free to share your views on those sales and have you made any sales recently?