We are now the proud partner of Escrow.com

We-are-now-the-proud-partner-of-Escrow.comHello everyone,

It’s one of the greatest moment to announce with you all that AbdulBasit.com is now the proud partner of Escrow.com and are currently added to their partners list which you can see at – Escrow.com Partners

We have been using Escrow.com since many years and one of the best thing about them is customer support. I just love it. You just call them, email it and the response is very quick with your problem solved. I know there are several more escrow companies launched in recent years but I never thought of trying them no matter their charges are low or not. I would simply stick with Escrow.com for doing all my business related to domain names because that’s what I love doing it.

We have almost hit 6 figure mark of buying and selling domains using Escrow.com service since the beginning which is quite remarkable achievement. I know there are big boys who have had 7 figure sales or may be more altogether but I am not comparing with any one.

I personally thank Escrow.com for giving me the opportunity of working together and it’s really proud feeling to be one of their partners.

Have an online identity to make people trust you

Have-an-online-identity-to-make-people-trust-youHello everyone,

It makes me feel really good sharing this with you because having an online identity gives you lot of confidence as well as the other person who is dealing with you no matter you are buying/selling domain names or working in different niche. As we are normally talking about domains and this is related to the same subject so let’s keep the focus on it only.

Recently I mentioned the sale of a domain whose initial inquiry was received in spam box but eventually we made a successful sale. However, the most important thing in this deal was the buyer trusted me and made direct wire transfer instead of using any escrow service. The buyer actually made the payment very quickly and waited for almost 5 business days because there was some issue coming at my bank but he never asked whether I received the payment or what’s going on. Once the money was in my bank I simply pushed the domain immediately because the transfer detail was given to me once he initiated the payment from his end. I am sure that only happened because of having an online presence and your website shows you are serious in whatever business you are doing and won’t run away with someone’s money.

Although it wasn’t a big sale but I really liked it for the reason I mentioned above.

I would suggest everyone to have their website no matter whether it’s business or personal but one must have it. I am lucky to have a .com domain of my own name. Since it’s difficult these days to get your name in .com you could add first and last name or make up some catchy brandable name related to your business.

It will take some time for people to know you first. The visitors to your site will judge and start trusting you which depends on many factors.

Had any experience like this before? Feel free to share and let others know 🙂

Parking revenue for August 2013

Parking-revenue-for-August-2013Hello and Assalamo Alaikum,

Last month I said my revenue may drop because I will be tweaking some of my domains in order to maximize the profit but almost every time the changes I make goes the other way. I don’t mind if that happens because this is what keeps me going and we should never stop learning.

Although I manage to make over $500 for the month of August 2013 which was not bad for me even after making several changes. However, I hope to have similar or a little better this month’s parking revenue because I will be testing this month as well so things can go either way.

Also I would like to share with you guys that I have recently checked my total number of domains which has crossed over 300 mark and as previously mentioned in one of my post that my target is to have 500 domains by the end of this year and it seems my calculation is correct so far…

In the meantime, I am dropping several domains this year and my focus is to buy and sell mostly .com domains only. They are easy to sell compare to any other TLDs or ccTLDs.

Care to share how much did you made from previous month’s domain parking?

Why you should check your spam box

Why-you-should-check-your-spam-boxHello everyone,

It’s quite long since I published last post. It was a busy last month due to some personal reasons. However, I sold another domain last month. Normally Google mail filters the good and bad emails correctly but sometimes it doesn’t so we need to check that. I received an inquiry in my spam box which I was just going to delete it and saw my domain name in the subject so I just stopped there. I moved that domain under inbox and read it. I found that inquiry to be legitimate and I responded back with the asking price. Within a week we settled in four figures range and the deal was done successfully.

The best part was the buyer wanted to pay me first privately. He wired the funds in my bank and later I transferred the domain to him. He even paid the wire fee for both parties so I ended up receiving full amount. However, I have decided not to share the domain this time as well and most of the time won’t share it due to some reasons. I could see the domain has been listed for sale. I didn’t knew the buyer is reseller but I feel I got the right money for that domain.

In the end I would suggest you to check your spam box clearly and simply do not delete all email immediately without going through them. It was my first deal successfully closed which was received in spam box. Now I closely monitor my spam mails before deleting it. Make sure you guys do it as well.

So have you received domain inquiry in spam and completed the deal successfully?

AbdulBasit.com sold another domain for high four figures

AbdulBasit.com-sold-another-domain-for-high-four-figuresHello everyone,

I think this month is going quite nice in terms of domain sales for me. Recently I sold another domain but this time in high four figures. Unfortunately I cannot disclose the domain once again but I can give you some hint on what type of domain it was… It was like lllGroup.com. Now that LLL I mentioned is just an example. The one I sold contained random letters but all premium. By the way, this domain was sold through DomainNameSales.com. My second domain sale through their platform. It’s really easy and smooth to handle inquiries with their platform.

I think it was a nice sale keeping random 3 letters along with the word “group” at the end. I always think if you have quality domains with the word group at the end would do nice because endusers which is group of companies won’t offer you cheap bucks. But still make sure to find, research and buy quality domains.

Let me tell you the most interesting thing about this domain. It was actually bought by a company several years back for low four figures and once they closed their business the domain was dropped and grabbed by me couple of years back or so…

The price I paid for this domain was in decent three figures and I feel the ROI is quite nice.

Just to give my suggestion that don’t rush and invest in random lllGroup.com domain because there are tons of available so make sure whatever you wish to acquire, first research, analyze and try to get at wholesale price if that’s already registered by some reseller.

Have you sold any domain recently? Care to share in detail? Also what do you think of my recent sale whether I got good money or left some money on table 😉