Hello and Assalamo Alaikum,
It’s been long time since I reported my last five figure sale but it looks like the time has come which is the beginning of this year.
The inquiry came in mid October 2018 via Sedo broker Albert Schimmel looking domain for his client with budget in high 4 figures. Since my domain was listed with an asking price of $28,888 so there seems to be big gap. Since buyer’s identity is not disclosed until the sale is completed so you never know if there is any room for buyer to be flexible and come up close to asking price or even accept the BIN.
I responded by giving hint on having some flexibility if the buyer comes close to BIN. After going back and forth with broker in a period of one month, he said the lead is “pretty much dead”. After hearing such words from the broker, I realized the buyer don’t have the budget and will go for other option so I just thought to forget it….
And I really forgot it as well until last week…. when I suddenly received email from same broker after almost 3 months by saying he thinks of getting the buyer to offer $22,000 NET or may be a bit higher.
Now that was pretty much sale going to happen from a pretty much dead lead. Also it was quite close to asking price.
I accepted the offer but asked him to give a try of getting anything above that level but anyways of accepting this in case the buyer makes no move from this amount. I totally left on the sincerity of Albert who I believe gave his best all the way handling this deal and got the buyer to pay $22,500 NET which I suppose makes it $26,470 GROSS for the domain LiftLab.com. Correct me if I’m wrong.
Surprisingly the payment arrived in Sedo’s escrow account the very next day of initiating the transaction. And within next 24 hours, the domain transfer was completed and funds were released!
Thanks to Albert and Sedo team for making the deal so smooth.
Feel free to share your recent domain sale(s) with any detail if you like to.
Congrats AbdulBasit for this sale and thanks for the detailed insight!
Thank you dear. By the way, you’re super quick in following this blog!
Congrats was it a 2 keyword domain, or more of a 4L.COM?
ALL THE BEST!
Thanks Trent!
I think you need to read the post again as I’ve mentioned the domain name. I really dislike people not mentioning the domain and share the sale amount so I cannot be one of them 😀
I totally agree with you. I appreciate that you did mention the domain.
Glad you like the sale and it’s detail.
Thank you!
Abdul, congrats on a nice sale! I hope there will be many more this year. I hate being disconnected from the buyer and negotiations so I much prefer to deal directly where possible.
I am working on another potential deal with another buyer on that big sale that fell through for me I told you about. Getting closer to that number again. I’ll update you on that privately if we reach a deal but we are making positive progress.
Thank you Rod! Hope to have some more this year 🙂
I’m happy you found another potential buyer for that domain and hope you make it this time. I’ll very happy to see that closing successfully and eagerly wait for your good news email.
Very best wishes! 🙂
Congrats!
At SEDO, did you have it originally as “Buy Now” with a fixed price or was the “Minimum Offer” at 28888 ?
I can not see how to make the settings at SEDO so that it shows BOTH “Buy Now” and “Make Offer” at the same time.
Thanks Rico!
I usually keep either BIN or Make Offer option. Never both together. So this domain was actually set BIN for $28,888.
For settings you’re looking for, Go to https://sedo.com/member/dnmanagement.php4?language=us – Select custom overview, and customize your view and make sure to select columns which show at least Domain Name, Price, Min Offer, Currency and Price Option. After which you can set as per your need.
Best wishes!
Congrats AbdulBasit. Masha’Allah 🙂
Thank you dear Macit 🙂
Congrats AbdulBasit! I have LuckyLabs.com and AuthorLab.com what do you think i should sell for?
Thank you Fatih!
I like LuckyLabs and this can possibly fetch in starting 5 figures to the right enduser. Although singular would be much better.
Congrats Abdul. Love it!
Glad you like it Ehren! I still remember you saying something big is coming 🙂
Thank you!
Congrats Abdul, Excellent sale.
The name was unique so it was good that you stick to your guns.
Thank you Rich for your feedback.
I completely agree with you 🙂
Very Nice Abdul bhai
Thank you Mohit bhai 🙂
Great sale, Abdul, congrats!
Thank you Leo and for always commenting on blog. Glad you like it 🙂
Abdul bhai, another amazing sale!
Congrats!
Domain was a great pick as well, from how long are you holding this?
Thank you Aishwin bhai 🙂
Yeah, a great sale and after quite some time… Need more of these. Was holding this name for more than 5 years.
Congratulations on your sale.. More wins
Thank you Charlie!
Best wishes!
Ma sha Allah! Mubrook Ya akhi!
Thank you Ibrahim brother 🙂
Happy to know you liked it 🙂
Thank you Abdul for sharing the details for the sealed deal. And a tidy sum that you sold it for, congrats!
Thank you Johan and I’m happy you liked the sale and it’s detail which I always like to share as much detail as possible 🙂
Well done!
So you had set a “Buy Now”-price at SEDO, but the buyer did not want to buy it immediately for that “Buy Now”-price. So a SEDO-broker was contacting you ? Interesting… I had not thought of that possibility.
Glad you like it Frank 🙂
Yeah, it had BIN set at Sedo for $28,888. But Sedo broker contacted privately and finalized the deal. I’d done in similar fashion for one of the other sale completed via another Sedo broker in past.
Great name and great sale price Abdul Basit. Good things come to those who wait.
Thank you Paul!
I completely agree with you. It fits in all aspects of life for sure.
Very nice sale. Congratulations.
Thank you my friend 🙂
It would be really nice to see some of your recent sales and acquisitions. Always something to learn from it. Hope you’ll share it soon.
[…] First five figure sale of 2019 […]
Congratulation on such a good sale. Thanks for all the details and wish you all the best
Thanks Owais bro!
Glad you like it 🙂
[…] I had a great February month especially due to the sale of LiftLab.com whose detail can be found here in case anyone missed it. Last month wasn’t much of a difference when I closed the following […]