First five figure sale of 2019

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.

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Darko
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Darko

Congrats AbdulBasit for this sale and thanks for the detailed insight!

Trent
Guest
Trent

Congrats was it a 2 keyword domain, or more of a 4L.COM?

ALL THE BEST!

Rod
Guest

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.

Rico
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Rico

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.

Macit
Guest

Congrats AbdulBasit. Masha’Allah πŸ™‚

fatih
Guest

Congrats AbdulBasit! I have LuckyLabs.com and AuthorLab.com what do you think i should sell for?

Ehren
Guest
Ehren

Congrats Abdul. Love it!

Rich
Guest

Congrats Abdul, Excellent sale.

The name was unique so it was good that you stick to your guns.

Mohit Patel
Guest

Very Nice Abdul bhai

Leo Golan
Guest

Great sale, Abdul, congrats!

Aishwin
Guest

Abdul bhai, another amazing sale!
Congrats!
Domain was a great pick as well, from how long are you holding this?

Charlie
Guest

Congratulations on your sale.. More wins

Ibrahim Khan
Guest

Ma sha Allah! Mubrook Ya akhi!

Johan
Guest

Thank you Abdul for sharing the details for the sealed deal. And a tidy sum that you sold it for, congrats!

Frank
Guest
Frank

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.

Paul
Guest

Great name and great sale price Abdul Basit. Good things come to those who wait.

Doron
Guest

Very nice sale. Congratulations.

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[…] First five figure sale of 2019 […]

Muhammad Owais
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Muhammad Owais

Congratulation on such a good sale. Thanks for all the details and wish you all the best

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[…] 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 […]