Archive for the ‘Domaining’ Category

Secret behind my Afternic pricing

Hello everyone,

Today I wanted to share the secret or the reasoning behind my pricing especially at Afternic. Although I keep the same pricing at every platform whether the inquiry comes via Afternic, Sedo, direct or elsewhere.

There is a calculator for calculating Afternic commission and I know many of our sales are in the range of below $5,000. Actually it matters when your price is $5,001 and especially $25,000 and above that level.

So whenever you’ve a sale of $5,000 or below that level at Afternic, you tend up to pay a fixed commission of 20%. However, for instance a domain you sell for $24,888 then you’ll end up paying up a commission of $3,983 which is exactly 16% commission of the sale price.

Now the interesting part is when you sell a domain just for $1,000 more which means $25,888 then you’ll end up paying a commission of $4,088 which is almost 15.8% commission of the sale price. I know for some domain sellers, the 0.2% commission is not a big deal but you’ve to think that when a buyer is willing to pay $24,888 then of course they can pay $25,888 as well.

And you know what… as the sale amount increases, the commission drops significantly. For example, if you remember I sold AutoFun.com for $50,000 via Afternic BIN, so I ended up paying exactly 13% commission if you calculate through their calculator.

Yeah I know the big sales don’t come that often but I’ve seen many investors selling their domains for $24,888 or $24,000 so this post is especially for them to understand and revise their prices.

In short, if you see their sales commission structure and study it, you’ll know that as the amount increases, their overall commission decreases. So keep their commission structure in mind when pricing your domains.

Feel free to give your feedback no matter how good or good it is ๐Ÿ˜‰

Spike in inquiries/sales for newly purchased domains?

Hello everyone,

This year I’m clearly noticing a spike in inquiries and sales coming for the newly acquired domains whether through auctions or private purchases. To clarify one thing, with recent I mean within the 6 months period of acquisition. It shows that endusers are more watchful and waiting for those domains to have a proper sales lander to be contacted because many of them have no idea how to contact the domain owner especially after the GDPR implementation.

I’ve not only seen an increase in the number of inquiries but most importantly I’ve sold a very few domains as well this year after buying it this year itself.

Take one of my recent domain sales examples HempAndHeal.com which I acquired for $199 via DropCatch on 11th November 2020. I sold it for $19,888 on 16th April 2021.

If anyone wants to know how I evaluate my domains can check this out.

Have you experienced such a thing in recent times? I would love to hear your side of the stories ๐Ÿ™‚

Worst registrar of my 10+ years career

Hello everyone,

Today I wanted to make you all aware of Domeny.pl registrar which is the worst registrar I’ve ever dealt with in the last 10+ years. I’ve been using many bad registrars like NetworkSolutions, Register.com, Hexonet and many more but Domeny.pl have beaten all of them.

So what happened is I bought several .CO and .ME domains from the previous domain owner. I had a massive problem communicating with the seller due to language issues which took many months to complete the deal but the registrar was another headache for me to deal with. The seller was reluctant to provide me authorization codes for every domain we completed the deal with because he thought the registrar had previously locked his domain for a 60 days period when he tried to transfer out that way. This I don’t believe it because the domain might be already in the 60 days transfer lock period. So for that reason, all the domains were first pushed into my account before I could transfer out.

Now here the problems got started. First was that the seller had to start an internal transfer request for a .CO domain for which the seller had to make a payment of roughly $25 to Domeny. Once they’ve received the funds, they manually accepted the transfer request which had several steps of approval to get from their internal departments. Once the domain was transferred to my account, another headache was coming up, this time upon me. I had to request for a form to be provided which had to be filled, signed and returned back which was another step to delay the transfer out process.

Once that was manually approved by this shitty registrar, they used to ask me to pay a transfer out fee which was once again roughly $25. Now here I’m using “roughly” word because they charged in their own Polish currency but since I was paying in USD so there were some cents up and down for every authorization code I want to receive.

After the authorization code was made available into my account which they usually were saying will take another few days to get it done but after all my requests in this regard, they were making it available the same day. After initiating the transfer out to my preferred registrar, it was taking 5 days to complete the transfer.

It was really the most frustrating experience using this as a registrar and I’m warning everyone never to use them because they charge money for internal transfers and to provide you authorization codes. I’m not sure about their other services for which they would be charging unlike at other registrars where you can get it for free like WHOIS privacy.

Also each .ME domain transfer out, they asked me $235.81. It was an unbelievable transfer out fee. Even the seller wasn’t aware of this situation and was kind enough to offer me the money which I didn’t take and asked Domeny to lower the fee, the same like .CO transfer fee. Because without paying them money, it was impossible to receive authorization code. For this particular thing, they somehow accepted my request and charged me some $25 for each .ME domain as well. Overall, I ended up paying close toย $500ย for all the authorization codes I received for the domains.

They’re looting domain owners and providing disgusting service at the same time. I highly recommend NOT to use Domeny ever.

Feel free to share experiences if someone has used them in any way.

Thank you!

From 3 figures purchase to a $42,888 sale

Hello everyone,

It has been an amazing year so far in terms of domain sales and on 12th April, I sold the domain Overloop.com via Sedo for $42,888. I acquired it more than 7 years back in three figures. I’m once again amazed by the quick service from Sedo and very much thankful to them for handling this deal very smoothly and professionally. The buyer hit the BIN on 9th April and due to the weekend, the next two days were holidays so on Monday the payment was received by Sedo. Domain transferred and transaction completed the same day!

I’m not sure who the buyer is but I used to quote $18,888 back in 2016 and 2017. Later in 2018 when I did repricing of my domains so I revised it to $42,888 and until the domain was sold, the price remained the same.

I checked all the previous inquiries and found the lowest two offers were in 2016 for 1 and 5 Euros respectively ๐Ÿ˜‰

If someone is interested in knowing how do I valuate my domains so kindly check out this link.

It will be interesting to see who the buyer is and I wish them all the best.

Feel free to share your thoughts about this sale and also if you like to share your own recent sales.

My recent experience with Sedo.com

Hello everyone,

Although I’ve been using Afternic landers for more than a year but at the same time I keep adding the domains with Sedo as well from a long time. The sales are not so frequent but every sale matters as we understand.

Last Saturday 20th March, I received an email about the sale of HaloStudios.com for $2,988 BIN via Sedo. The best part in this transaction was that even though it was weekend, the transfer specialist Iris Siedlatzek did some extraordinary work and assisted in completing the transfer the same day and even the credit note was issued the same day. Now today (Monday) I’ve received the funds in my PayPal.

I wanted to thank Sedo and especially the transfer specialist Iris Siedlatzek who has been very swift and professional in handling this and other transactions.