Afternic experiment of September 2020

Hi everyone,

Before I start sharing last month’s Afternic results, I would like to inform you that this is the last post of the experiment. The main reason I started sharing with you all was to make aware how Afternic landers are performing for my domains so others can gauge and decide accordingly for their portfolios. I believe I’ve shared enough of this experiment and it’s clear how the overall results are. Just to clarify this decision has nothing to do with this. I already made up my mind right at the start of last month about this decision.

Also I’ve no complaints with Afternic and I’m very happy with the overall results as well as the brokers and my rep. I’ll continue using their landers.

So coming back to the point, this is the 9th and last post of the Afternic experiment series after I published JanuaryFebruaryMarchAprilMayJune, July and August results which I believe you’ll like.

The last month started with the blast and surprise. The first sale happened on the very first day of September in the shape of Aumet.com for $29,888. The buyer came in via Afternic lander. This was one of the interesting sales for me and I’ll tell you why. I received an offer of $17,500 GROSS from Afternic senior sales executive Richard Green on 27th August. He informed me that’s the buyer’s maximum offer. Mind you, that 17.5K offer was not the initial and the broker has already worked upon that lead. I responded back with some explanation as to why I would stick with the BIN and the potential of this domain. On 1st September, I received an email about funds secured by Afternic! The best thing in this deal was that the broker was able to convince the buyer to purchase at BIN with no room for him to negotiate. That was the standout thing for me. So kudos to Richard Green for making this deal to happen and he deserves a big applause for his expertise and professionalism.

One of my friends asked me to share the hold time so let me share it. Aumet.com was acquired more than 1 year back.

The next sale happened on 9th September of NewHold.com for $7,500. Initially we received an offer of $5,000 and after the broker went back and forth with the buyer, they raised up to $6,500. I had set a BIN of $9,888. I requested to push the buyer one last time and see if there is room to revise their offer and finally they presented $7,500 which I gleefully accepted. This one happened with GoDaddy.com. Hold time 1+ year.

Third sale was Shoppery.com which sold for $6,888 and once again via GoDaddy.com. Hold time 5+ years. Then the next one StitchAndSew.com for $1,988 was again via GoDaddy. Hold time less than 1 year.

Finally there was a sale of Cleverr.com which happened via partner registrar which had a BIN of $6,888. Hold time 1+ year.

And then there was a blasting sale and that too happened via partner registrar, The domain is Exicon.com which actually had a BIN of $50,000 but after going back and forth, finally I agreed to sell for $40,000. The interesting thing about this domain is that I had a BIN of $39,888 just 1 month before I received this particular inquiry. I just got a hunch to increase the price of this domain mainly because of the potential of this domain. I’m not sure if this triggered the buyer somehow or what but I was still happy to accept the 40K GROSS. Hold time 2+ years.

Finally there were 3 more domain sales of WayneMedia.com for $2,000 which I had a BIN of $2,988 but I agreed to sell for 2K. This sale was generated via Afternic lander. Hold time 1+ year. The last 2 sales happened via GoDaddy and were SxPro.com for $1,988 and Eudai.com for $1,888. Hold time was 2+ and 3 years respectively.

The sales happened via partner registrars, reminding you that you must keep your domains at a registrar which offers Fast Transfers. That gives an additional exposure to sell your domains.

The number of inquiries for August was almost 550 and the total number of domains at the end of last month just reached 4,300.

Total cost of acquisition was under $6,000 and total amount of sales was $99,028. Though I missed the 100K mark but I’ve no issues. I’m more than happy and hope the sales keep flowing in like the last month not only for me but for all of us so we can prosper altogether 🙂

On the other hand, my friend Muhammad Aamir from DotCorner was happy to share once again his September sales via Afternic which I’ve copied below:

SeoQueen.com for $2,900.
bStores.com for $7,500.

In general, it shows that there will always be ups and downs no matter how big or small a portfolio you’ve. But to get rid of some inconsistency of your sales is to build up your portfolio with a good number of domains along with quality. Having both quality + quantity is the best way to go. I know it takes a lot of hard and smart work, time, dedication, cash flow, etc. And I’m telling you this from my personal experience as well as reviewing fellow investor’s sales and flow.

Thank you Afternic, Richard Green, my relationship manager, the entire brokerage team and everyone involved in making the overall experience so wonderful.

Feel free to share your Afternic sales and/or give your feedback no matter how good or good it is 😉

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59 Comments
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Aamir
23 days ago

Amazing sales and thanks for sharing. Wishing you best for the future.

Mangrove Domains
Mangrove Domains
23 days ago

Great Report Abdul and congrats on your sale.

Bob
Bob
23 days ago

Congrats Abdul, some good sales there and nice job getting the buyers to move north.

DomainBoss
23 days ago

Congrats my friend, you have again hit it out of the park.

Thanks for sharing, wish you continued success.

Manish
Manish
23 days ago

Congratulations on the sales Andul

I just had one confusion, when you “This one happened with GoDaddy.com” you mean GoDaddy Auctions or GoDaddy Premium Listings.

Now that GoDaddy Premium listings dont work anymore what exactly do you mean by sale at GoDaddy.com

Are these sales for names Listed on the GoDaddy Auctions Platform.

If you could please clarify the same

Thanks

Manish
Manish
Reply to  AbdulBasit Makrani
21 days ago

Thats where my confusion was Abdul that you are specifically mentioning that some sales happen on GoDaddy and some on Afternic. So how do you segregate the two and how do you differentiate which sale happened where.

Harmandeep Singh
Harmandeep Singh
23 days ago

Great sales again, thanks for sharing

Emeka
Emeka
23 days ago

Thank you Abm for your transparency on your sales report.Really appreciate it all.

Thank you always for making me step up also as hardwork always pays when done right and smartly.

It was another wonderful month if sales .
👍👍👏👏

Sanjeev Tiwari
Sanjeev Tiwari
23 days ago

Congrats Abdul bhaiya 🔥🎉 Thanks for sharing.

Ibrahim Khan
23 days ago

Congrats Abdul Basit. Amazing results and great details. Keep growing.

trackback
23 days ago

[…] Source : Domain Name News, Domain Sales, Domain Tips and Domain Investing | AbdulBasit.com | Read More […]

Alan
Alan
23 days ago

Wow. Well done. Thank you for sharing

Nikhil Jain
Nikhil Jain
23 days ago

Congratulations Abdul bhai on another wonderful month! Wish you many more….!!!

Ashish Karan
Ashish Karan
23 days ago

Nice sales Abdul Bhai. Great learning experience. Thanks for sharing. Wish you more success in future!

Abdulmajid Mubarak
Abdulmajid Mubarak
23 days ago

Thank you Abdulbasit. Wishing you all the best for the future.
What still confuses me is how you are able to determine the potential of your domains. I hope to understand this one day.

Emrex01
Emrex01
23 days ago

Awesome sales!!!
Congratulations.

Niz
Niz
23 days ago

Congrats! Some nice sales there and Thanks for sharing..

Abishekdayal
23 days ago

Awesome sale. Congrats 🔥🔥🔥🔥

Domains Feast
Domains Feast
22 days ago

Well done! I use Dan.com & Sedo Offer Pages to sell my domains but it would seem that Afternic is still the best marketplace of all despite their most uninspiring sales landers? So I will have to give Afternic a try very soon!

Zubair
22 days ago

MashAllah great sales bro.

Danish
Danish
22 days ago

Congrats #Adulbasit , thanks for sharing

DTR Alex
DTR Alex
22 days ago

Thanks for sharing the sales report on a monthly basis. It was working like fuel for new domianers …….. but sadly, you are going to discontinue it…

Vinod R
22 days ago

Glad to know you had a wonderful month. Congrats. Sad to hear that you will not be keeping up with the series, even though I understand your point of view.
Your posts were always an inspiration.
Wishing you the best!.

Ehren
Ehren
22 days ago

Congrats AbdulBasit! The 6 figure months are coming 🙂 Great sales.

satyadeep singh
satyadeep singh
22 days ago

Great sale abdul bhai, keep rocking

SAEED HASSAN
SAEED HASSAN
22 days ago

Dear Abdul Basit
Assalam O Alaikum
Congratulations on the sales
Why do did not sold Aumet.com for $17,500, BUT you stick firmly with its BIN price $29,888. and send some explanations/arguments to your broker, Kindly let us know what were your explanations/arguments for NOT SELLING domain @ $17,500/

Saeed Hassan
Mirpurkhas , Pakistan

Jude
22 days ago

Congratulations on your sales Abdulbasit.
Seems most of your purchase are private purchase.
As I try looking for the domain on namebio to understand the purchase price, but couldn’t find it there.

Domains Feast
Domains Feast
22 days ago

I am still waiting for your approval re: my comment about Afternic most uninspiring sales landers? Thanks, Bob

Matt Morgan
Matt Morgan
21 days ago

Hey Abdul, how are you doing? I hope you are fine. It was only yesterday I felt I read your post that you are going to start a series of experiments. (Afternic experiment of January 2020 right?) Your experiments have been a great series of monthly experiments by yourself giving us all something to look forward too. Your results have been outstanding and the sales have shown people how much potential there is to domain marketing. You have shown starters and beginners how do achieve success in the domain game as well as given wisdom to the pros too! I… Read more »

Arpen Tucker
Arpen Tucker
20 days ago

Hi Abdul Bhai – big congrats and well done to you my friend – fully deserved. I am curious to know, if after having such a bumper year where it looks like you have made several hundred thousand dollars in sales on the back of fairly low acquistion costs, if you will continue re-investing in buying domains in the 3 and 4 figure range of if you will now start with acquistions in the 5 and even 6 figure range if you find the right deals?

Alan
Alan
17 days ago

Hi AB,

Since this is the last post in the experiment, some comparison in sales performance with Afternic landers vs. the Uniregistry landers you were using previously would be helpful.

Thanks again for sharing your results

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