Archive for the ‘Domaining’ Category

From $16888 quote to $16888 domain sale

Posted by AbdulBasit Makrani on April 2nd, 2019

Hello and Assalamo Alaikum,

It was a fantastic last week of March where I closed two good sales. I had a great February month especially due to the sale of LiftLab.com whose detail can be found here in case anyone missed it. Last month wasn’t much of a difference when I closed the following two sales.

First, a direct inquiry came for BoostCamp.com via WHOIS in early February for which I quoted $6888. I got counter offer of $1750 which I declined. After going back and forth in exchanging several emails, the buyer agreed upon the originally quoted price of $6888. Payment was received last week. Unless the payment doesn’t arrive in escrow, I don’t consider it a successful sale as we’ve seen many potential buyers backed out with silence after even starting escrow. So all in all, it took more than a month to complete this deal. But all ended well as I didn’t need to pay any commission and pocketed full amount. By the way, I acquired the domain last year for low-mid 3 figures.

I used Sedo.com escrow and put the escrow fee to be paid by buyer. Sedo escrow service is better than Escrow.com mainly due to their not so much complicated verification requirements which is especially frustrating for one time buyer. Thanks for the members of NamePros who suggested using Sedo escrow when I asked I need to know some alternative to Escrow.com where I can receive funds in PayPal.

The only issue I face using Sedo escrow is when I initiate a transaction, the request goes to Sedo to start transaction whereas it should automatically be started like at Escrow.com. They must make it automated instead of current manual system which seems bit outdated.

Another sale was super quick and smooth. The buyer came via Uniregistry lander on Avellino.com which I acquired two years back for low 4 figures.

I originally quoted $16888. Buyer simply agreed to price and asked how to proceed with next step. Started Uniregistry checkout which is very smooth and easy to use. The only issue is their service fee which is on high side considering the escrow fee was paid by buyer and still their service fee which I’d to pay was $186. Still I’m happy using their escrow compare to Escrow.com. So currently I prefer using either Sedo escrow or Uniregistry checkout. In both cases, I put on escrow fee to be paid by buyer.

Feel free to share your recent domain sale(s) with any detail if you like to.

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Some more great features added to DotDB

Posted by AbdulBasit Makrani on March 29th, 2019

Hello and Assalamo Alaikum,

Almost a year back I published an article about a great service DotDB which I’ve been using it regularly or I say it clearly that on daily basis.

Since that time, they’ve introduced several new features which are worth sharing with you all. One of the most awaiting thing was to have exclude function and now it does have the function and some more additional new functions like Bulk Search, Export data, API access

What I would love to see them have is to reduce pricing for both Pro and Expert plan so it could be more reasonable especially for Expert plan. I can understand the hard work, investment and lot more involved but to be more competitive and have edge over your competitor, one need to offer a great overall service.

Also while frequently using both at Dofo and DotDB, I finally found the difference between results at both sites. Suppose you type in Print,Factory at Dofo to show results between space which shows the opposite result as well. I mean Dofo shows factory print, factory printing as well whereas at DotDB, when I type print factory, it shows results starting with print or the middle but factory word doesn’t come at first in any way. I think if DotDB adds this feature as well, would make it even better service.

I would suggest anyone interested in using on frequent basis must try their Pro plan for 7 days free trial. It’s worth giving a shot.

I’m sure the developer of DotDB (Lin) will take this feedback positively like in past as well and he’s a good fried of mine.

Feel free to give your feedback and I’m sure Lin or his team would be happy to listen and implement it if necessary.

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First five figure sale of 2019

Posted by AbdulBasit Makrani on February 23rd, 2019

Hello and Assalamo Alaikum,

It’s been long time since I reported my last five figure sale but it looks like the time has come which is the beginning of this year.

The inquiry came in mid October 2018 via Sedo broker Albert Schimmel looking domain for his client with budget in high 4 figures. Since my domain was listed with an asking price of $28,888 so there seems to be big gap. Since buyer’s identity is not disclosed until the sale is completed so you never know if there is any room for buyer to be flexible and come up close to asking price or even accept the BIN.

I responded by giving hint on having some flexibility if the buyer comes close to BIN. After going back and forth with broker in a period of one month, he said the lead is “pretty much dead”. After hearing such words from the broker, I realized the buyer don’t have the budget and will go for other option so I just thought to forget it….

And I really forgot it as well until last week…. when I suddenly received email from same broker after almost 3 months by saying he thinks of getting the buyer to offer $22,000 NET or may be a bit higher.

Now that was pretty much sale going to happen from a pretty much dead lead. Also it was quite close to asking price.

I accepted the offer but asked him to give a try of getting anything above that level but anyways of accepting this in case the buyer makes no move from this amount. I totally left on the sincerity of Albert who I believe gave his best all the way handling this deal and got the buyer to pay $22,500 NET which I suppose makes it $26,470 GROSS for the domain LiftLab.com. Correct me if I’m wrong.

Surprisingly the payment arrived in Sedo’s escrow account the very next day of initiating the transaction. And within next 24 hours, the domain transfer was completed and funds were released!

Thanks to Albert and Sedo team for making the deal so smooth.

Feel free to share your recent domain sale(s) with any detail if you like to.

Posted in Domaining Tags: , , , 40 Comments »
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Unique idea to help grow domain industry

Posted by AbdulBasit Makrani on February 20th, 2019

Hello and Assalamo Alaikum,

I always think about making our domain industry more stronger than ever. I’ve come up with a simple but great idea and if this can be implemented, it will be helpful for all domainers participating in this great cause.

There are many instances where domainer gets hit with UDRP and just because of lack of funds, he/she is unable to respond back. Although there have been some cases where a domainer been hit with UDRP and don’t even bother responding having loads of $$$ and ends up even losing it. Well, I’m not talking such lazy domainers and we can rule them out for sure. Domainer including newbie, veteran, panel members or can be any one participate and donate funds.

So what my proposal is we can have 3 or 5 members panel which comprises of domainers and at least one IP lawyer. One of the panel members shall be collecting and sharing it publicly about the total collected and available funds.

Next step is we’ll urge all domainers who’re well capable and have adequate funds to donate on regular basis to collect as much funds as possible which will cover all the expenses from responding to UDRP utilizing the services of our IP lawyer and other expenses incurred if any.

Once we’re well set in terms of securing funds, any domainer who gets hit with UDRP and can contact us in order to seek help in responding. We’ll leave up to the honesty of that domainer to inform if he/she is having no extra funds to respond or can partially cover the fees.

There will be a criteria of minimum two things to meet before we proceed any further.

1) There has to be enough funds easily available with us to cover all necessary expenses.

2) Majority of the panel members MUST agree upon the case in hand is good enough to be responded back. Because we would not be wasting any money on obvious trademark domains.

If the above two conditions are met, funds will be allocated for that particular case and our IP lawyer will take it up further.

I would like everyone to chime in and give your suggestions and/or feedback.

Thank you!

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Dofo.com – Discover, buy, register domain all at one place!

Posted by AbdulBasit Makrani on February 12th, 2019

Hello and Assalamo Alaikum,

In this post, I would like to talk about a life-saving website for those that are interested in domain names: Dofo.com. Launched a few months ago, dofo.com gathers together all the information available out there for domains and saves you from the trouble of having to use multiple tools. On Dofo.com, you can search for domains through hundreds of extensions, check registered and available ones, get detailed information on each domain, and also explore among registered domains using scores of filtering options. It was such a unique experience to be able to view how many domains are registered containing the specific keyword that you are looking for, and how many of them are on sale, all displayed in just a single page. Besides, the fact that all these information are laid out for free puts dofo.com one step ahead of other tools.

In a nutshell, dofo.com:

  • Brings together 350 million registered domains in the world,
  • Combines the information on 40 million domains that are on sale across marketplaces such as Sedo, Afternic, and Uniregistry,
  • Offers you advanced filters for many searching combinations,
  • All without charging a penny.

On Dofo.com, there is a separate page dedicated for every domain name. On this page, you can see the following information regarding each domain:

  • Up-to-date Whois Info,
  • Up-to-date Sales Info (sales type and price),
  • Website Info (website status and Alexa rank),
  • Domain Info (language, keywords, domain length),
  • Whois History,
  • Dispute History,
  • Similar Domain Names Sales History,
  • State of other extensions available for that domain (total number of registrations, number of available and on sale extensions),
  • Similar registered domains.

With Advanced Search, you can search with multiple keywords, display results that are on sale, set a price range for query outputs that are on sale and by using special filters like extension type and setting the number of characters, you can find what you are looking for momentarily.

Apart from providing information for each domain, dofo.com presents statistical data as well. Which for me is pretty cool. By searching with a keyword on the Trends page, you can see the total number of registered domains containing the keyword and the number of domains that are on sale, examine the usage frequency of domains and view the popularity rank of a keyword. Also on the Trends page, you can check the status of your keyword among popular extensions.

Under dofo.com’s Registrars page, there are profiles for registrars where you can display the number of domains hosted by each registrar, their rank, registrar’s country ranking, and further details. While on the Extensions page, you can see all the extensions as a ranked list.

The data analyses and collections provided by dofo.com tells us that more features are yet to come soon. I would like to congratulate Dofo.com for bringing a breeze of fresh air into the industry and thank them for developing a product that’ll make our jobs easier. Dofo.com will definitely be helpful for the people in the domain name industry.

I’ve been using Dofo since it was newly launched and I would be more happy to see more features added especially Reverse WHOIS.

Feel free to share your feedback using Dofo and if you would like to have some new feature(s), please post in the comment below. I believe the team of Dofo is really fantastic especially the CEO Macit Tuna who would definitely consider your feedback to be implemented.

Posted in Domaining Tags: , , , 10 Comments »
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