From $1,000 offer to a $28,000 sale

Hello and Assalamo Alaikum,

It’s been a while since I discussed my last domain sale. As everyone knows we are in the middle of this year and my target to make 20-24 sales per year is quite far away right now. This is my 6th sale of this year and I am not happy with the number of sales but what I can say is the total revenue generatedΒ is great so far but numbers of sales are not up to the mark.

What I have also noticed is the number of inquiries since the beginning of 2016, which has been on the low side. I have discussed this with fellow domainers and most of them were in the same boat.

From-$1,000-offer-to-a-$28,000-sale

Coming to the sale which I just completed through Sedo was for the domain BrightEnergy.com which eventually sold for $28,000. Buyer contacted through Sedo with initial offer of $1,000. I countered with $38,888. As the negotiation history cannot be seen right now because the sale is completed, I cannot share exactly how we negotiated further but it was something like buyer gave 5K, 10K, 12K, 15K, 17.5K,Β 18,300,Β 27,500. I wanted to tell that buyer also came through Afternic broker and those mentioned counter offers were included from both platforms. I knew the buyer is same and using Sedo and AfternicΒ simultaneously. The entire deal took almost a month to get completed from the initial offer to completing the transaction.

I wanted to thank Brian Michitti (Sedo broker) who was very good in handling this entire transaction on my behalf and very quick in taking necessary actions on time.

Feel free to give your feedback and share your recent sales.

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Jideofor
Jideofor
4 years ago

congrats bro. You rock

Noor Manji
4 years ago

that is a great sale, congrats on sticking to your guns. I prefer less number of sales but higher sale prices any day.

thanks for sharing.

Noor

Leo Golan
4 years ago

Amazing sale. Just crazy. Congrats!

Doron Vermaat
4 years ago

Boom! Great sale AbdulBasit.

asset.domains
4 years ago

Nice name and great sale πŸ™‚

waiting for the next post

JZ
JZ
4 years ago

sounds like a great sale. what did the domain cost you?

Konstantinos Zournas
4 years ago

Congrats!
Great sale!

Zaki Ahmed
4 years ago

Salaam, Ramadan Mubarak bhai.
Nice sale Congrats. .keep going
Mashallah, Will discuss more on this when on skype.

The.in
4 years ago

Congrats Abdul.. Another great sale from you.

If possible can you tell whether 28k price was from buyer or you lowered the price from initial asking to complete the deal.

Domain Observer
Domain Observer
4 years ago

Congrats!!! Good keyword COM is still the correct answer.Thanks.

Andrea Paladini
Andrea Paladini
4 years ago

AbdulBasit,
It looks that someone purchased also the .Net for 3,500 USD at the end of May, through Sedo.
Great sale for 28,000 USD! really a BRIGHT investment! πŸ˜€
Enjoy the ride! Congrats! πŸ™‚

Andrea Paladini
Andrea Paladini
Reply to  AbdulBasit Makrani
4 years ago

AbdulBasit,
If the buyer of your domain is the same of the .Net, then buyer it’s the “infamous” Diversity Network, from Cardiff, UK, Shelley Roberts and the other guys involved in the “crazy” UDRP case of Halifax.com … where they “bombarded” Bank of Scotland, which owns many TMs for “Halifax”, until they got the UDRP, and rightfully lost it.
I’m sure you remember it: http://domainnamewire.com/2016/03/01/halifax-udrp/
Hope they are not planning the same strategy for your name … lol πŸ˜€

mdsameeruddin
mdsameeruddin
4 years ago

Salaam and Ramadan Mubarak and also congrats on the good sale. No matter how many domains are sold each year but only the price at which they are sold certainly matters the most. So in this case you are a winner. How many years did you hold this domain? and any previous offers? and how did you decide the price? is it your feeling or something like previous similar sales record like the .Net one.

Dashawn R.
4 years ago

Way to go my brother. Great Sale!

Tauseef
4 years ago

Two phenomenal keywords. Sale price is just right! Congrats AbdulBasit!

Lite
Lite
4 years ago

Abdul congrats. You are a pro ! Thanks for sharing.

Sumit
Sumit
4 years ago

Really a great sale!

This again proves that if the seller is convinced of the true value of the domain, it can be sold for that figure, irrespective of what all automated appraisal tools suggest.

Sumit
Sumit
Reply to  Sumit
4 years ago

Also, was there any outbound sales effort from your side or was it just the listing of domain and then waiting for offer?

Niz
Niz
4 years ago

Congrats bro…

That was a fantastic sale..

trackback
4 years ago

[…] From $1K offer to $28K sale… […]

Ali
Ali
4 years ago

Happy for you

Manmeet Pal Singh
4 years ago

You are definitely an inspiration my friend. Lovely hearing great sales figures from you about those domain names.

Tony
4 years ago

Great sale. Great negotiations. Very inspirational.

Why does namebio list the sale price as $24,350?

Fahim Hassan
4 years ago

Assalamu alaikum WR

many congratulations, Is that your highest priced sale or sold more than this before.

Also, where you add domains other than Sedo.
And, which one you prefer or get most success “make offer” or “Buy it now”

Fahim Hassan
Ample Online Media
Bangladesh

trackback
4 years ago

[…] other names I like on this list are BrightEnergy.com (which was sold by AbdulBasit), ViralMedia.com and […]

Atta
4 years ago

Once again congratulations πŸ™‚ This is a motivational story for new domainers like me.

dee
dee
1 year ago

Abdul, if I had known your blog earlier on. I would have been a better domain investor right from the start. Sometimes you don’t reach your sales rate for the year but I think a good sale sums everything up. Congrats on your sale, it has a lot to do with your negotiation skills.

Mohit Singh
7 months ago

Nice information about domain selling idea thanks a lot of.

Sarfraz
1 month ago

Well, congrats you sold that domain at a good price. Keep your work going hard work always score well against trouble.

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