Archive for the ‘Domaining’ Category

Most of my domain sales in last 60 days

Hello and Assalamo Alaikum,

It was a little slow and low time in terms of sales for last few months. Both in terms of selling few domains as well as the amount of total sales. It was quite surprising to see because after having 2,500 domains in my portfolio, such slowness wasn’t expected. But this is part of business and I’ve to adjust accordingly.

Below are most of the sales I’d in recent past:

Simplifire.com – Acquired last year and total cost was in $xx. Had put up BIN like I’ve set up on over 95% of my domains. Sold via Afternic BIN for $4,888 so nothing much to share in detail. But what I can is the ROI was fantastic. I love to buy such type of brandable domains.

Claira.com – Received inquiry via Uniregistry lander and I quoted $2,988. Got an offer of $1500. I responded with $2,800 as the minimum to be accepted. Buyer immediately accepted. I set up escrow at Sedo to use their service and see how it goes. Everything went smooth but the only issue with Sedo escrow is they don’t let you set up escrow by yourself. I need to submit the required detail and Sedo initiates transaction during business timings. That’s where they lack and need to give the right to any one to start transaction and they can look after once it’s started. Acquired this domain in 2014.

RedAccess.com – Another BIN sale via Afternic for $2888. Acquired this domain in 2014. With BIN sales, there isn’t much to share but in my opinion, any sale is something to learn from.

ChapterSix.com – Coincidentally this domain was also acquired in 2014. It looks like I’m making some sales for the domains I acquired in 2014 😀
This domain originally had an asking price of $1,988. Got counter of $1,000. I countered with $1800 for a quick deal and was accepted.

Used Uniregistry checkout system and it worked great! They’ve improved their checkout system as in past sellers were forced to pay the PayPal/Credit Card fee of 3.88% and no option to select buyer to pay that fee. Now it shows both option for seller to opt who’ll pay the fee. Although the Service Fee of Uniregistry is paid by seller which is touch higher but with smooth and small deals I would prefer to use them instead of Escrow.com who asks you lot of stuff to verify your account. During that time, there are chances of buyers getting disappear.

BioFidelity.com – Received inquiry via Uniregistry lander and quoted $6,888. The buyer offered $2,000. After going back and forth with buyer several times, we settled for $2,200. I rarely go that low but since I needed to invest in other and better domains, I went ahead and took it. Deal was completed via Uniregistry checkout.

JhMiller.com – Acquired this domain last year with total cost in low 3 figs. Received inquiry via Uniregistry lander on behalf of their client along with an offer of $113 by mentioning “https://www.freevaluator.com/ and did a quick check for jhmiller.com and it returned $113.62.” While researching about their client, I found they own JhMiller.CO. Anyhow, I quoted the same listing price of $1,988.

It was real fun dealing with this buyer as he gave an offer of $113. In his next response, he revised offer on the automated valuation of another crappy site Estibot.com which according to him gave $1,200. But he was giving an additional $150 above that appraisal.

My excerpts from the next message “We don’t believe in any automated appraisals as none of them is trustworthy. I’m sure you’re aware of the biggest registrar in the world GoDaddy.com which appraises the domain for $1,781 – https://www.godaddy.com/domain-value-appraisal/appraisal/?isc=cardigan&checkAvail=1&tmskey=&domainToCheck=jhmiller.com

Even if it appraises double than that, it won’t affect our asking price as we don’t set our prices based on automated appraisals.

You may want to check weekly reported domain sales – http://www.dnjournal.com/domainsales.htm to get an idea about current domain market.

Since you operate designing company, I’m sure you understands very well about the value of quality domains.”

And there goes the most common silence we domainers face 😀

After around a week later, I countered with $1,850 and gave 48 hours to accept. The buyer got back saying his client is willing to pay $1,750 which is final offer. I took it and deal completed via Uniregistry checkout.

Feel free to share any of your recent domain sales. Also if you like to add comments and/or suggestions on the above sales would be appreciated.

Thanks to everyone being part of my life in Domaining

Hello and Assalamo Alaikum,

It’s a great feeling to be doing full time domaining and be your own boss. I can work at my own timings with no restrictions and obligations. I love domaining and it’s part of my life for over a decade as I bought my first domain when I was just 18 years old in 2004. Though I never became full time domainer until some years back.

Just wanted to share about the feelings I’m having as I came back from a vacation from Thailand just this month and went for a trip of 20 days. It was great pleasure and enjoying every moment of this vacation. It was possible with lot of hard work and having load of patience over the years and settling myself in today’s position where I’m able to live and have holidays every year solely based on domaining business which is really lovely to feel.

On the other hand, I wanted to share that I finally have 2,500 domains under my portfolio which is another great achievement for myself.

I sincerely wanted to thank everyone who has been part of my life right from the beginning of my career as domainer until now. There has been plenty of ups and down but that’s part of the business. Just needed to stick to basics and remain patient.

I wish everyone the very best for 2019.

My experience with numeric domains

Hello and Assalamo Alaikum,

Usually I don’t invest in any type of domains where I don’t have a good grip and that’s the reason I never bought domains in huge quantity in short period especially when most domainers when coming in business simply start buying too many domains without doing their due diligence.

During the hype of 3L, 4L CHIP domains, we saw numeric domains got registered even 9Ns which was just ridiculous. Anyhow, I made a mistake of investing in 6N .com and bought around 15 for $7000-$7500 altogether. Since last couple of months I’ve been trying to offload all those domains at GoDaddy Auctions for less than $100 a piece and most of the time no one bothers buying it. So far I’ve sold half of them for little over $500 including GD commission. I don’t normally sell any domain for less than $1,000 but these were the names I just wanted to let expire and thought to give them try selling at GoDaddy and see if I can recover anything.

So in short, I lost few grands by investing blindly and at the peak time of 6N domains. The lesson is not to invest in any niche without studying, researching and putting in lot of efforts before you take any step further. I’ve seen Shane who’s been very vocal about his sales especially when he has lost money in any domains and most people don’t share their losses so that’s good from him to be open publicly. Appreciate that!

Now it’s time for 5N .com domains which I was lucky to invest some years back and bought at cheap prices when there wasn’t much demand for it. Unfortunately I didn’t had good knack on numeric domains so the focus was just to acquire at cheap prices and got ALL 5N domains which either had 0, 4 or both together!

I’ve been selling them as well at GoDaddy and was having around 10 of those and just left with one. Hopefully will sell that one in coming days. Overall, I didn’t made any profit on these and I see it break even while considering my time spent on finding, buying, money stuck for years, GoDaddy commission.

In future, I’ll try to be more cautious while buying domains as I don’t like to buy too many domains for test and trial. My buying strategy is to focus on those domains which I think will ultimately land in the hand of endusers.

It would be nice if any one likes to share their experience (losses) for others to learn, understand and not to repeat such mistakes in future.