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?

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Doron Vermaat
Guest

Great sale Abdul and good on you for being straight forward and honest during negotiations. Does Mawad has any meaning or is it a pure brandable? Keep up the great work!

Matt
Guest
Matt

Congrats, Abdul.

Daniel Levi
Guest

Congratulations! May there be many more 5 figure sales this upcoming year— and hopefully 6 figures as well πŸ™‚

MohammedSameeruddin
Guest

Mubarak! Great sale! Insha Allah you will do more sales of this kind through out this year.

zamaan
Guest
zamaan

Great deal! Congrats bas.

Picas
Guest
Picas

Congratulations,Basit …I thought that you sold it for more much much money because I see 50K in the picture of your post ….lol

DC
Guest
DC

Nice sale, another LLL no.2 is not that far away πŸ™‚

Paul Haughney
Guest

Congratulations on another great sale AbdulBasit. And your sale of 3 x 5-figure figure sales in less than 4 months is a fantastic success for 2015 so far, regardless of whether you think it falls short of your own expectations. Looking forward to hearing more of your successes in due course.

Tauseef
Guest

Great sale AbdulBasit, Keep it going. I found 107 results of domains using MAWAD. I think your logic of ensuring enough endusers before picking a domain is working very well for you.

nidal kadri
Guest
nidal kadri

Greetings Abdul – and congrats on that sale.

mawad.com: This is a huge domain name (NOT M awad) – it means in english (Products – supplies). plus, it is a well known family name in lebanon that owns a well known brand and their specialty is Gold and its accessories. Plus, in kuwait and other places best sellers of building supplies: http://mawad.com.kw/

Hope this helps.

regards,
Nidal Kadri

Arif
Guest
Arif

Alf Mabruk Bhai Barak Allah Feek, Good one bro, keep it up and rinse.. adjust and rinse πŸ™‚

Joseph Peterson
Guest

Congratulations!

I’d be very surprised if that’s a student. Very.

Brandon Abbey
Guest

AbdulBasit,
Very nice and thank you for the comments. We appreciate your business and your trust.
Best regards,
Brandon

Rod
Guest
Rod

Congratulations on your great sale.

Would you mind saying how you came to own the domain and your ROI, if you wouldn’t mind?

Christian
Guest

Great sale and congratulations. I enjoyed reading about your sale. I hope there are more to come!

Christian
PlentyOfBrands.com

Azam
Guest
Azam

Great Sale, Congrats! Allah is Great!

Jeremy
Guest
Jeremy

Hi abdul, is there a way we can negotiate a deal on one of your websites? I don’t have to money you are asking for, but require this website for a personal blog.

Thank you

Xull
Guest
Xull

Salam.

I just found your blog few weeks ago and your story is amazing. Just a quick question. I tried to follow your step, registering with DomainNameSales, but always rejected due to small portfolio. Do u know, how many domain should I own to be accepted there?

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