Posts Tagged ‘five figure LLLL.com sale’

New Year starts with a Five Figure Sale

New-Year-starts-with-a-Five-Figure-SaleHello and Assalamo Alaikum,

As mentioned earlier about what my goals for 2015, one of which is to sell 20-24 domains so let’s make this sale as first for this year and I am happy to announce it’s a decent one to start off this new year.

Initially buyer contacted in November 2014 through DomainNameSales.com platform where 99% of my domains are parked and starting offer was $1,500 for BMGL.com. I asked them to make an offer in five figs for consideration. Shortly I received message from the guy saying we cannot make an offer in five figures for your domain.

Couple of weeks later, another guy from the same company contacted directly through WHOIS and offered $8,000 which showed seriousness and willingness to buy this domain. I countered with $25,000.

Next came their final offer of $11,000 and clearly told me that they have alternative options available and cannot offer anything higher than that due to non-approval from senior management.

I gave them some hindsight about the past sales of some five fig LLLL.com to educate about the current market and value of these domain names and also reduced my ask price to $22,000. Than there was a silence…..

After a fortnight, I forwarded the DNS lead to Jessica Ebanks who is one of the best domain brokers I have ever worked with and gave her all the info about the buyer I have researched so far and about the communications we initially had.

It was interesting to see the buyer who was really professional in handing this deal at his end as well and once again started his offer with $1,500. As Jessica approached her frequently and out of the blue they offered $15,000 with no room left to up their offer. At that point, it looked that would be their max offer but I already knew who the buyer is and how deep pockets they had 😉

Later Jessica gave some phone calls and buyer came and asked if Escrow fee, broker’s commission and all other associated fees will be paid by the buyer and I gleefully accepted. She explained the guy that only wire fee will have to paid at their end along with the agreed price of $25,000 for BMGL.com.

Guess what’s next? The domain was sold at the price I initially asked for 🙂

Thanks to ALLAH Almighty for helping in achieving this sale successfully, the wonderful DNS platform, Jessica Ebanks and I can never forget Escrow.com who deserves great applause for handling it so smoothly and it was the fastest funds received I have ever seen from outside U.S to Escrow as the buyer was from Japan. Funds were secured by Escrow.com with 9 hours of buyer selecting wire option. I wish the buyer all the success with their new acquisition.

Feel free to share your feedback and have you made any sales since the start of this year?