From $3000 offer to a $26000 domain sale

Hello everyone,

As I recently published a post with several of my recent domain sales, today I wanted to share another domain sale with complete detail of how it started and the deal was wrapped up successfully.

The domain I sold is Quaestor.com which was the oldest domain by creation date I owned until it sold. It was initially registered in 1994 but I acquired in 2018 for around $1100 via GoDaddy Auctions.

The inquiry came in via Uniregistry lander and I quoted price of $26,888. The buyer countered with $3000. After exchanging several emails and asking to come close to quoted price, the buyer revised his offer to $6,000.

Again after more communication, I said to present an offer of over $20,000 to get into negotiation.

With no response, I gave my final price of $25,000 with 7 days to accept. The buyer came in August and offered $10,000 but only after the 7 days period was over.

Sticking firm to the final price, the buyer came again in October and presented $15,000 offer to which I declined by informing the price is reverted back to $26,888 which was initially quoted because the offer of $25,000 was valid for 7 days only.

There was once again silence until the buyer came again in November by asking if I’m willing to negotiate as they’ve to decide and move on within a week period.

During this silence period of more than a month, I already upped the price at all marketplaces to $29,888 so I informed the buyer new price at all marketplaces but if he is still willing to buy, I can offer $26,000 to you only which is valid until the end of November.

Buyer immediately accepted and we used Sedo escrow and buyer paid the Sedo commission.

At one stage the domain was offered for $25,000 but ultimately sold for $26,000 to the same buyer. Every time you need to grab the offer at the right time, but you’re not always sure what’s that perfect time. We keep learning from our and others experiences. What best we can do is to keep learning all the time and improving ourselves.

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Matt MorganPaul HaughneyAlex VerdeaAlechAbdulBasit Makrani Recent comment authors

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.com

Congrats! You have impressive negotiation skills and patience!

Silentptnr
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Silentptnr

Congratulations Abdul! Great negotiation. Thanks for sharing.

Kay
Guest
Kay

It’s always nice to read about your sales AbdulBasit. Congrats on this recent one.

Chris
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Chris

Why did you pay $1100 for this domain? Curious on what value you saw.

Alech
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Alech

Way to go Abdulbasit.Good sales and sticking to your 20k plus price where most would have rushed to accept the $15k after their delay tactics.

Learned a lot again from you.

Thank you.

Alech
Guest
Alech

Using sedo escrow,did you tell buy to open an account with sedo to begin process ?

Mohamed Ahmaid
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Mohamed Ahmaid

Congratulations.
You doing great

Abdul khan
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Abdul khan

Great sir ji… You are really a master… Always a fan of yours… Want to learn from you… Inshallah will meet you one day…

Matt
Guest
Matt

Congrats once again, Abdul. Nice work mate.

Alex Verdea
Guest

Congrats Abdul.
Every domain investor should learn that a negotiation DOESN’T mean to simply DROP PRICE/counter low to close a deal.
You did a great job negotiating + great in depth post of HOW TO negotiate properly.

Thanks
Alex

Paul Haughney
Guest

Well done on another domain sale and thanks for sharing the negotiation process on this domain AbdulBasit.

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Matt Morgan
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Matt Morgan

Hiya Abdul congratulations on a nice post on sharing how you sold the domain. Nice way to show that holding for a particular price can eventually get the buyer to offer that particular amount.

Well done again in this sale.

Matt Morgan