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 πŸ˜‰

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 πŸ™‚

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?

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62 Responses to “New Year starts with a Five Figure Sale”

  1. Diego says:

    Nice sale.

    Congrats, Abdul! πŸ˜‰

  2. Another good sale in the books. I look forward to seeing what else 2015 has in store for us!

    Warmest regards,

    Jessica Ebanks
    Domain Broker | DomainNameSales.com
    O: 1-949-416-2555 Ext. 6280
    C: 1-345-927-0280
    Skype: jessicaebanks
    QQ: 3133487600

  3. crock says:

    Congrats Abdul

  4. Zaki Ahmed says:

    Mashallah, very nice sale in start of the year.
    We will read many times about such sales on other sites but only here we get detail information about the negotiations and other things.
    Thanks for Sharing.

    Good luck for upcoming deals..

  5. Daniel says:

    Seems like Jessica’s phone calls did the magic trick? Perhaps phone is the best way to conduct sales, the old school way πŸ™‚

  6. Onebrand.co says:

    Congratulations! Good to hear and hope you can get more sales. Have you gotten any .World domains?

    Cheers!

  7. @Domains says:

    Wow, excellent price for an average looking LLLL.com, don’t know if I would have held out to 25k, great job!

  8. AbdulBasit says:

    Thanks for your kind words and feedback πŸ™‚

  9. Mike says:

    Congrats, I see your buyer is from Japan, they are usually very patient, and it showed over the course of months, 4L sale at the price of a 3L

  10. Mike says:

    Wait if you reduced your ask to $22k, how did they close at $25K?

    • AbdulBasit says:

      I countered with 22k with direct communication but once the lead went through broker the price was back to 25k and buyer wanted me to pay broker’s commission, escrow fee and every other fee (if there was any) by me except the wire fee and I accepted it. Had I done through without broker I wouldn’t be required to pay commission so in that case 22k was acceptable.

  11. Neshanthan Annalingam says:

    Excellent sale congrats, just a bit curious, why did they pay $25k, when you came down to $22k?

    • AbdulBasit says:

      Thanks Neshanthan πŸ™‚
      I countered with 22k with direct communication but once the lead went through broker the price was back to 25k and buyer wanted me to pay broker’s commission, escrow fee and every other fee (if there was any) by me except the wire fee and I accepted it. Had I done through without broker I wouldn’t be required to pay commission so in that case 22k was acceptable.

  12. KC says:

    Excellent sale! I used Yahoo.co.jp to search on “BMGL” but found no major company matching this term. The best I could find is a lab within a company that matches BMGL. See http://www.kmic.co.jp/business_file/bio-medigen.htm

    • AbdulBasit says:

      Thanks KC πŸ™‚
      I don’t think they are the same company. It took me few days to find out who actually they were. They have merged with a different company which made their new initials as “BMGL”.

  13. Congrats AbdulBasit! :), nice round sale indeed!
    Great price, I think I know who the buyer is … if it’s who I think, yes, they have definitely deep pockets.
    Keep it going bro! πŸ˜‰

  14. Ricky says:

    You are the man. You stuck to your guns and played it well. I am not sure I would have done the same thing seeing right now how funds are.

    Great job and all the best in 2015

  15. Doron says:

    A great way to kick start the new year Abdul. Congrats!

  16. Ajay says:

    Congrats Abdul!Very Good Start of a New Year!

  17. Picas says:

    Great news for new year,Basit ..You are so clever to get the broker ,I love her name ,eBank, the lucky name ,and as a guarantee that you would get full money in your bank account

  18. Daniel says:

    Hi Abdul,

    How can I assign my DNS inquiries to Jessica exclusively?

    • AbdulBasit says:

      For any inquiry you received, there will be options of Dismiss and Respond to Buyer. Drop down “Respond to Buyer” and select Re-assign / Forward option. Select Other and enter Jessica’s email ID and submit the necessary detail if required.

    • Hi Daniel,

      Please contact me via email, at jessica@domainnamesales.com, to discuss your portfolio and potential sale opportunities.

      I look forward to working with you.

      Warmest regards,

      Jessica Ebanks
      Domain Broker | DomainNameSales.com
      O: 1-949-416-2555 Ext. 6280
      C: 1-345-927-0280
      Skype: jessicaebanks
      QQ: 3133487600

  19. Many congratulations AbdulBasit. May you have many more 5-figure sales in 2015.

  20. Congrats on the wonderful sale.

  21. Ram says:

    Great Sale my friend.

    I wish you to get lot of 5 figure sales in 2015.

    πŸ™‚

  22. DKN says:

    Congrats Bro! Great Beginning in 2015.

    Wish you more success in 2015 πŸ™‚

  23. zinj says:

    MashAllah TabarakAllah, al hamdolilah, Many More to come bro, keep up the great work and share some pointers as you are an inspiration to many. Bless you.

  24. abdul says:

    masha Allah great story brother, thanks
    Wish I could get sales like that someday πŸ™‚

    • AbdulBasit says:

      Thanks and wish you all the best and you can definitely make some good sales once you have quality domains. Looking at your portfolio, it seems you need to focus only on .com and leave other extensions behind. In short, research and buy quality domains.

      Good luck bro πŸ™‚

  25. Tauseef says:

    Congrats AbdulBasit. Yes, you’re right the average price of LLLL has increased and I remember some data of LLLL I analyzed using DNJournal’s 2Q-2014 sales which indicated average price of LLLL on rise. http://meetdomains.com/dnjournal/4-letter-com-sales-as-reported-by-dnjournal
    Also, I recently received a 3 figure low offer on my LLLL which I declined based on findings. Well, good luck for your future deals.

    • AbdulBasit says:

      Thanks Tauseef πŸ™‚
      I still think it’s the right time to buy LLLL as there are many coming up these days and we can pick some at cheap prices.

      Good to see you received an offer on LLLL but I would still say they are quite difficult to sell.

      Good luck bro! πŸ™‚

  26. Tauseef says:

    Thanks for the advise, will try to pick some on drops and they maybe difficult to sell but if sells well it can be a good pay off.

  27. […] Several days ago I caught a post on Abdul Basit’s blog, New Year Starts With a Five Figure Sale. […]

  28. Congratulations on a great start to 2015 and thank you for the nice words about Escrow.com

    Brandon

  29. Congrats AbdulBasit..

    Your dealing style is realy nice.

  30. Edward Smeu says:

    Great sale and great story mate, just seen it on dnjournal πŸ™‚

    Congrats.

  31. […] ACFA.com – I used to like LLLL.com but now I must start loving LLLL domains after the sale of BMGL.com […]

  32. […] LLLL.com sale prices are definitely on the up and you only have to see some decent sales of LLLL.com to realize how much profit can be made when you choose wisely. For example on this weeks DNJournal listing is EZPR.com ($14,500) and AbdulBasit reported his sale of BMGL.com for $25,000. […]

  33. […] 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. […]

  34. […] New Year starts with a Five Figure Sale […]

  35. […] Several days ago I caught a post on Abdul Basit’s blog, New Year Starts With a Five Figure Sale. […]

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