My first five figure domain sale was also not a .COM

.NET – It was a .net extension with an interesting story. BuyMobiles dot net was sold for US$20,000. Actually I had developed a mobile blog with affiliate banners everywhere. I started receiving emails from people claiming where are their gifts or when their mobile will be delivered. They even mentioned the URL buymobilephones dot net from where they placed order. I asked them several times to contact that company instead of me!

Later I realized it was due the fact of misunderstanding and I got an idea to get in touch with this company. It was the first time when I picked up the phone for selling a domain name to an end user and it was really fruitful and wonderful experience. After talking to the operator my message was passed to the concerned person. Within an hour the company’s director contacted with a question of my interest “How much money are you looking for?”

I admit it was my first big sale and I made few mistakes like instead of asking him to make an offer I just asked US$25,000 and he countered with US$5,000. The next mistake was to lower my asking price to US$20,000. Soon I got next offer of US$10,000. I politely rejected, and another came of US$15,000. With my second rejection he accepted my offer of US$20,000.

As this was my first big deal so I learned few things which I would like you guys not to repeat the same. First was to give out my asking price. I should have asked him… Secondly, I lowered my asking price from US$25,000 to US$20,000 in just second reply which wasn’t good at all. Although after completing the deal I thought I left too much money on table but that’s how we go through our exciting learning phases to gain experience.

Long story short, it was really good deal and I am very happy with it. This gave me lot of motivation and sparked my interest in domaining from there on…

It will be interesting to know your first five figure sale. If you care to share your domain or at least the price would be nice. Also I would like to know what do you think about my first five figure sale? Did I left any money on table? Any more suggestions to new domainers?

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2 Responses to “My first five figure domain sale was also not a .COM”

  1. 20K $ for is a great price for the seller ;), congrats Abdul!
    By the way, on it says that this domain was sold for 15K in August 2008 in a Sedo Auction.

  2. AbdulBasit says:

    Thanks Andrea 🙂

    Yeah, it was a nice sale. In 2008 the sale wasn’t successful. The buyer actually backed away. It was sold in 2009. Interesting thing is that it was my first sale completed through 🙂

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