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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41 Responses to “Third consecutive domain sale of five figures this year”

  1. 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!

  2. AbdulBasit says:

    Thanks Doron! πŸ™‚
    It’s an Arabic name but it can be used in both ways like Mawad as well as Mohammed Awad which in short makes Mawad. Some might also use as initials of their company.

  3. Matt says:

    Congrats, Abdul.

  4. Daniel Levi says:

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

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

  6. zamaan says:

    Great deal! Congrats bas.

  7. Picas says:

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

  8. DC says:

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

  9. 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.

    • AbdulBasit says:

      Thanks very much Paul for your feedback πŸ™‚
      I will now be focusing more on making some smaller sales as well like in four figs for quick cash flow.

  10. Tauseef says:

    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.

  11. nidal kadri says:

    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

    • AbdulBasit says:

      Thanks Nidal for commenting and appreciate your feedback πŸ™‚

      I was aware of that building supplies company as well as the group in Lebanon for kitchen designs. Although the buyer is from Lebanon, I think he is not linked with the kitchen designs company. Seems start up to me… In actual, we will come to know once the site is up and running πŸ˜‰

      Thanks once again!

  12. Arif says:

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

  13. Congratulations!

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

    • AbdulBasit says:

      Thanks Joseph πŸ™‚
      Surely not a student because he asked me to wait for some days before proceeding further and in the mean time he wanted to consult with his “business partners” πŸ˜€

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

  15. Rod says:

    Congratulations on your great sale.

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

    • AbdulBasit says:

      Thanks Rod!
      I hardly hand register domains and less than 5% of my portfolio is of hand reg domains. Most of my acquisitions are from expired domains market such as NameJet, SnapNames, GoDaddy Auctions, etc.

      I had paid under 1k.

  16. Christian says:

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

    Christian
    PlentyOfBrands.com

  17. Azam says:

    Great Sale, Congrats! Allah is Great!

  18. Jeremy says:

    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

  19. Xull says:

    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?

    • AbdulBasit says:

      WaAlaikum Salaam,

      They require decent number of domains at first submission. Let’s suppose you need to submit 100 domains along with quality domains to get approval.

      Good luck bro! πŸ™‚

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