Another mid four figure sale through DomainNameSales.com

Another-mid-four-figure-sale-through-DomainNameSales.comHello and Assalamo Alaikum,

As I promised in one of my previous post for sharing my next domain sale with complete detail with no hiding and here you go!

Couple of months back I won a domain CuppyCakes.com for $224 and received some inquiries which were well below my expectations. However, last month in April I got an initial offer of $750 for which I countered with much higher price.

The person got back with giving me Estibot appraisal value for that domain which was $1,900 at that time. Here I am saying “at that time” because I have seen Estibot/Valuate changing their appraisal value for domains which get reportedly sold so they might change the appraisal price in future. Useless appraisal sites I tell you…

I informed the guy that people who have good knowledge about domains don’t take these valuation sites seriously. We have sold domains in five figures which these valuation sites have given $500. Also provided him the weekly sales report DnJournal and NameBio for past sales which can give better idea on value of domains.

A week later I sent reminder asking if there is any better offer he would like to present against my quoted price and received new offer of $5,000 which wasn’t bad for a $224 investment. I gleefully accepted the offer and initiated the transaction at Escrow.com

The domain was parked at DomainNameSales.com for the last couple of months. Got 3-4 inquiries total including this one which finished as successful sale. The payment was made swiftly and everything went smooth.

So have you sold any domains recently? What do you think of this sale? Any questions and/or feedback is welcome 🙂

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16 Responses to “Another mid four figure sale through DomainNameSales.com”

  1. AbdulBasit,
    Congrats for your 5k slice of cake :D!

  2. Lara says:

    You should try DNPric.es. It has much more listed sales than anyone else.

    • AbdulBasit says:

      Thanks Lara for coming and sharing the link. Bookmarked it. I still feel NameBio better organized and has better features… Not sure who has the biggest sales history but will compare both together…

      • Lara says:

        Have you checked DNPric.es Stats section?

        Enormous field for the research. They currently have 300k+ sales.

        New tlds including.

        • AbdulBasit says:

          Yeah, I checked the stats. They might have big data but sorting/searching is not as good as NameBio. The advanced search at NB is far better and I would use this new site once they have something similar. Otherwise it’s not easy to browse.

  3. Congrats !!
    For such a good sale .
    Lets see what comes up on this Website in coming days
    Thanks for sharing in Detail

    Founder
    NamingZone

    http://www.Naming.Zone

    • AbdulBasit says:

      Thanks Zaki 🙂
      Yeah, I always track my sold domains to see what they develop. It’s exciting to watch developed website and growing.

  4. Paul says:

    Nice sale AbdulBasit. I’m a big fan of these type of brandable domains and I certainly think you got a great price for this one. Well done and here’s to many more sales in 2014.

  5. ajay says:

    Congrats on the sale!and Thank you for writing in detail about the sale:-)

  6. Sparran says:

    Congrats on the sale. I need to realise when the buyer is offering a fair price, as on occasion I’ve turned down good money on the assumption that they’ll always be willing to pay at least twice what they’ve offered…a costly error from time to time. I’ve also noticed the offers and enquiries have been drying up on DNS.com since the syndication with Godaddy ended and also since the new gtld’s entered the marketplace. At the beginning of the year I was recieving offers weekly and made a few early sales, but in the last few weeks hardly anything. I’m hoping there’s no correlation!

  7. AbdulBasit says:

    Thanks Sparran 🙂

    I agree with you. But I don’t think you did anything wrong because if we don’t ask the price we want than no one is going to pay for it. There are many big sales which everyone wonders how that happen but the thing is if we don’t ask we don’t get paid. Most of the time the buyer is not willing to pay what we ask but there is always a chance to sell the domain at the perfect price.

    Yes, I have seen number of inquiries at DNS have slowed down since the syndication with GoDaddy ended. Not sure it has any impact of gTLDs as well but surely syndication with GD has reduced the number of inquiries. Although most of those inquiries were to pay hand reg prices but still we had a hope to make a sale and I did already.

    What I have learned so far is to have good number of domains with good quality in order to receive frequent inquiries. Let’s say if I have 10 “premium” domains whereas the other person having 1000 “decent” names will receive more inquiries. Personally, I would prefer to have 1000 decent names than 10 premium.

    Thanks once again and appreciate your thoughts and feedback 🙂

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