Most of my domain sales in last 60 days

Hello and Assalamo Alaikum,

It was a little slow and low time in terms of sales for last few months. Both in terms of selling few domains as well as the amount of total sales. It was quite surprising to see because after having 2,500 domains in my portfolio, such slowness wasn’t expected. But this is part of business and I’ve to adjust accordingly.

Below are most of the sales I’d in recent past:

Simplifire.com – Acquired last year and total cost was in $xx. Had put up BIN like I’ve set up on over 95% of my domains. Sold via Afternic BIN for $4,888 so nothing much to share in detail. But what I can is the ROI was fantastic. I love to buy such type of brandable domains.

Claira.com – Received inquiry via Uniregistry lander and I quoted $2,988. Got an offer of $1500. I responded with $2,800 as the minimum to be accepted. Buyer immediately accepted. I set up escrow at Sedo to use their service and see how it goes. Everything went smooth but the only issue with Sedo escrow is they don’t let you set up escrow by yourself. I need to submit the required detail and Sedo initiates transaction during business timings. That’s where they lack and need to give the right to any one to start transaction and they can look after once it’s started. Acquired this domain in 2014.

RedAccess.com – Another BIN sale via Afternic for $2888. Acquired this domain in 2014. With BIN sales, there isn’t much to share but in my opinion, any sale is something to learn from.

ChapterSix.com – Coincidentally this domain was also acquired in 2014. It looks like I’m making some sales for the domains I acquired in 2014 πŸ˜€
This domain originally had an asking price of $1,988. Got counter of $1,000. I countered with $1800 for a quick deal and was accepted.

Used Uniregistry checkout system and it worked great! They’ve improved their checkout system as in past sellers were forced to pay the PayPal/Credit Card fee of 3.88% and no option to select buyer to pay that fee. Now it shows both option for seller to opt who’ll pay the fee. Although the Service Fee of Uniregistry is paid by seller which is touch higher but with smooth and small deals I would prefer to use them instead of Escrow.com who asks you lot of stuff to verify your account. During that time, there are chances of buyers getting disappear.

BioFidelity.com – Received inquiry via Uniregistry lander and quoted $6,888. The buyer offered $2,000. After going back and forth with buyer several times, we settled for $2,200. I rarely go that low but since I needed to invest in other and better domains, I went ahead and took it. Deal was completed via Uniregistry checkout.

JhMiller.com – Acquired this domain last year with total cost in low 3 figs. Received inquiry via Uniregistry lander on behalf of their client along with an offer of $113 by mentioning “https://www.freevaluator.com/ and did a quick check for jhmiller.com and it returned $113.62.” While researching about their client, I found they own JhMiller.CO. Anyhow, I quoted the same listing price of $1,988.

It was real fun dealing with this buyer as he gave an offer of $113. In his next response, he revised offer on the automated valuation of another crappy site Estibot.com which according to him gave $1,200. But he was giving an additional $150 above that appraisal.

My excerpts from the next message “We don’t believe in any automated appraisals as none of them is trustworthy. I’m sure you’re aware of the biggest registrar in the world GoDaddy.com which appraises the domain for $1,781 – https://www.godaddy.com/domain-value-appraisal/appraisal/?isc=cardigan&checkAvail=1&tmskey=&domainToCheck=jhmiller.com

Even if it appraises double than that, it won’t affect our asking price as we don’t set our prices based on automated appraisals.

You may want to check weekly reported domain sales – http://www.dnjournal.com/domainsales.htm to get an idea about current domain market.

Since you operate designing company, I’m sure you understands very well about the value of quality domains.”

And there goes the most common silence we domainers face πŸ˜€

After around a week later, I countered with $1,850 and gave 48 hours to accept. The buyer got back saying his client is willing to pay $1,750 which is final offer. I took it and deal completed via Uniregistry checkout.

Feel free to share any of your recent domain sales. Also if you like to add comments and/or suggestions on the above sales would be appreciated.

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20 Responses to “Most of my domain sales in last 60 days”

  1. Some of the best domain name sales ever bro.. You do not forget to amaze us all with your domain name sales negotiations πŸ™‚

  2. Darko says:

    Thank you AbdulBasit for the insight of your sales – very much appreciated! Congrats!

  3. Amazing sales! You rock Abdul!

  4. Amazing sales! Thanks for detailed stories.

  5. Jamie Zoch says:

    Congrats AbdulBasit!

    I think one important thing your sales are showing are the $2K-$3K is a proven hot sales point. It decreases risk for buyers and easier for them to pull the trigger on the purchase.

    The problem with many domain investors, they overpay and then feel forced to go much higher on an asking price. This leads to less sales. Sweet spot will remain $10K or lower and hot spot of $2K-$5K.

    • Thank you my friend πŸ™‚

      I completely agree with you. Earlier I was targeting sales to be 5K+ so the sales volume was too low and made it difficult to keep things moving.

      Later I decided to revise the pricing and be aggressive in adjusting and selling it so I can focus on buying more names and keep the flow smooth.

      • Alex Verdea says:

        AbdulBasit thanks for sharing and congrats!
        Claira.com was probably my favorite brandable on your list, and I see a bit more value.
        Looks like you found the sweet spot to move some names and that’s great.
        My 2 cents on this would be don’t give out 50%+ discounts and give the domain away …ie BioFidelity.com

        • Thank you Alex for your feedback which is much appreciated.

          I completely agree with you for not giving 50%+ discounts which I personally think is not the right way as this might show desperateness. However, this rarely happens from my side and it was just accepted as I saw some better deals coming my way. Anyhow, I’ll be more careful in future.

          Thank you once again πŸ™‚

  6. Eric Borgos says:

    Interesting info. Thanks for sharing.

  7. Ibrahim Khan says:

    Nice sales Abdul Basit.

  8. Enjoy you blog. Your information is interesting as well as helpful.
    I find the $1-3k to be the super SWEET spot as well…

    ~Patricia

  9. Bob Parry says:

    Good info thanks. Domains Feast has now listed selected domains (mainly two-word .com’s) through Afternic which looks good (afternic.com/domainsfeast) with still more names to be added shortly as well as on Twitter @DomainsFeast (only one or two at a time in order to avoid confusion). All at competitive prices much less than $1k each!

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