Archive for August, 2014

A tip which will increase the response rate of your domain inquiry

A-tip-which-will-increase-the-response-rate-of-your-domain-inquiryHello and Assalamo Alaikum,

As many of you know that I have stopped contacting endusers myself at the end of last year. There are couple of reasons behind that. One of them is that I want the endusers to reach me directly rather than I go after them because the number of inquiries I receive each month is quite satisfying after which I don’t need to chase after them. Secondly, you have an upper hand in handling that inquiry when someone approaches you at first. Because there are some instances when you contact a person and ask them to give their offer first. Occasionally that makes the other person furious at you and tells you to throw out your asking because YOU initially contacted them.

I have been in domain business for several years and have done many tests and trials while sending emails and always screening as to which one works better. After doing careful research I found out that by simply adding a question to your reply can definitely increase the response rate.

For example, instead of just asking the enduser to present their offer in $x,xxx range or throwing out an asking price, you can always add a question at the end along with your reply which makes this as a whole “I will certainly entertain offers in mid four figures. Would you like to present an offer in that range?” Even if the next person is not interested, the reply will most probably comes quickly.

Another example is when a person is too lazy to respond or taking enough time to finalize the deal, you can always inform that the offer is valid for 7 days or until the end of this month. Plus you can ask “when shall we expect the transaction to finish off?” or “do you think we can wrap up this deal by the end of this week?”

Such questions not only give you clearer picture about the buyer’s seriousness but also saves your time by knowing if the person A is not serious, you can quickly reach out person B (if there is any on your waiting list) and proceed further with your communication/negotiation. This way you will not lose the person B who will not need to wait for lengthy period of time. Because we have seen many times that buyer is looking for several alternatives while trying to acquire domain for their business.

This doesn’t guarantee the increase of domain sale but surely going to help you in moving ahead quickly.

For me, this has been working perfectly and the response rate is much higher than before. If you are using this tactic, feel free to share your views on this. If not, give it a try and post your comment in this regard and let others knows.

Improved Customer Support from Bodis.com

Improved-Customer-Support-from-Bodis.comHello and Assalamo Alaikum,

In past I used to park my domains at Bodis but wasn’t quite satisfied with their support due to delay in response and mostly no replies. As of now, I have parked 1-2 names so it doesn’t matter much about their customer support but since many of you guys have been actively parking your domains with Bodis, this news will be good for you. Below is the email I received from Bodis team:

“Hello AbdulBasit,

We are happy to announce that we have implemented a proprietary support ticket system and hired new staff to help us achieve significantly faster and improved customer support service.

From now on, we expect to handle and respond to all customer support inquiries at the absolute earliest convenience. We are committed to providing an exceptional customer support experience to you and other Bodis users.

You may email support@bodis.com in order to use our improved support system. Your inquiry will be assigned to the appropriate Bodis staff member with a ticket ID ensuring an accurate and timely response. In the near future, our support ticket system will be further integrated tightly with your Bodis account.

We hope this change is well received and shows our users that we are 100% committed to providing the best service in the parking industry.

Sincerely,
The Bodis Team

Bodis – Committed to parking. www.bodis.com“
If any one uses their new customer support (ticketing system), feel free to update and let us know the difference whether their support has really improved or…

Five Figure Domain Sale and Parking Revenue for July 2014

Hello and Assalamo Alaikum,

Back from six figure sale to a five figure sale for which I can’t reveal much info other than the sale amount which was $20,000 and it was .com. Once again it was brokered through Jessica Ebanks of DomainNameSales and the sale was completed through Escrow.com. Always pleasure working with DNS team specially Jessica and it was swiftly done with Escrow.com which is the best escrow service.

Coming back to parking revenue of July for which I am publishing the stats a bit late but this is the area which I must focus to achieve one of my another goal for this year. Previous month wasn’t impressive although I didn’t add that many domains to my portfolio. Below is some of the parking stats which might be helpful to you in some way. This time I have added top 5 niches and CTR which was suggested by one of my friend Mohammed Zaki.

Total visitors – 117,000+

Total clicks – 5,000+

Total parked domains – 700

Total revenue – $550

Top 5 niche which made the most – Games, Health, VPN, News, Music

$$ made on a single day – $30

RPM – $5.2

CTR – 5.62%

To add something on above stats, there is one domain which is banned by Google and that received 26,000+ visitors with zero clicks and it was all paid per visitor and I have added those visitors in the above stats and excluded RPM and CTR from that. Also found that clicks have gone up compare to June 2014.

Added few domains in the last month month but instead of improvement, I saw significant decline but I will take that since having a good sale this month. There could be one reason of revenue drop due to summer where possibly advertisers might be keeping their budget tight. Many people are on vacations. I am hopeful to have some improvement this month and if not, I will have to make some changes in categories/sub-categories of domains which receive decent traffic to see if anything gets better…

Have you seen any drop in the parking revenue for the last month? Made any sale recently which you would like to share with us?