Hello and Assalamo Alaikum,
It’s been great year so far in terms of $$$ of sales but the number of sales are very poor but I would say overall it’s fantastic.
So here is another sale which I wanted to share. Many readers asked me the purchase price or at least the price range I should share so I have decided to disclose the price range. Normally I don’t share because buyer might feel I overpaid considering the ROI made by the seller.
Anyhow, the domain in question is Enkla.com which I sold for $12,500. Bought in 3 figs range. Buyer came directly through WHOIS and offered 2K when I asked to present an offer. When I said offers only in 5 figs will be entertained, they came up with 3K and 3.6K. With no positive response from my end, they revised their offer and presented 10K. My next move was to shift from giving the price range to quoting the exact asking price which was 15K. Finally the deal was finalized at 12.5K which was the middle of both our quote and offered prices.
During the entire process, I was *NOT* happy with Escrow.com for the first time through which the deal was completed. For more detail about this, I will share it in one of my next posts.
As always your feedback, suggestion and/or criticism is welcome so feel free to shoot one 😉
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Congrats AbdulBasit!
The best thing you can do is having a buyer bidding against himself!
Thanks Konstantinos!
You have shared a tip for all and whoever understands and implement will increases the chances of getting more out of the buyer 🙂
Which platforms and marketplaces are best to sell domains?
Do you market your domains independently/individually or use marketplaces like sedo and domainnamesales etc? I mean selling should be through marketplaces or outbound marketing? Do you recommend inbound marketing or outbound marketing for domains? How do you get more sales? Whether it is through marketplaces, inbound marketing or outbound marketing? Do you use facebook to target your clients?
Too many irrelevant questions. Will respond you privately.
bismiAllah, thanks for reading and reply JazakAllahu Khairan
Congratulations on an successful transaction!
Many thanks Logan 🙂
Congrats AbdulBasit, great sale and I appreciate you sharing your purchase price range.
Thanks Noor 🙂
May be in future I will share the exact purchase price as well 😉 I just don’t share mainly because buyer might think they overpaid after finding out the detail of sale which I usually share it publicly. So most of the time I just keep it to private 😀
good sale! i find escrow slow to pay out these days.
“….escrow slow…”
i agree…i am motivated to use another service in future.
Thanks JZ.
Well, payment was made quite swiftly by them but there was something else I will share in coming days…
nice sale Abdul Basit… When did you buy this domain?
Thanks Owais!
Sent you message at Skype regarding this.
Congrats on a nice sale. Was wondering what Enkla means or if it’s a made up word, looks like it’s a Swedish word.
Thanks mate 🙂
It means simple/easy in Swedish language. I like 5L .com domains which are pronounceable. Having meaning in any known language is bonus. By the way, buyer is from Sweden.
Congratulations AbdulBasit! You’re very good at holding out for a price you want. I think many would have taken the deal at 10K. It’s a good habit or skill to nuture.
Thanks John for your kind words 🙂
Not easy to resist yeah when there is a tempting offer of 10K and the asking is 15K. I need to be more stronger in future for sticking to my minimum price set in mind.
Congrats – Enkla is the swedish word for Simple
Thanks Wulff 🙂
Rightly said 🙂
Good sale Abdul… Now that we know how it was sold. Mind sharing your thought process behind purchase of Enkla.com?
Thanks Venu!
I love investing in 5L .com but only in those which are either pronounceable, has meaning or both together. In this case, it had both. Enkla means simple/easy in Swedish language. Having meaning in any known language is bonus. The time inquiry came in, I knew the buyer was from Sweden by doing some research.
… interested to see the ‘escrow’ post coming up. Have had some recent issues as well. Congrats on the healthy sale!
Thanks Danny 🙂
Would be good to see your feedback about Escrow in upcoming post for others to understand and judge themselves.
Is this a namejet purchase?
Sorry but I don’t disclose that information. Hope you understands 🙂
Congrats on the sale Abdul. Your firmness in negotiation is commendable. Do you respond to all inquiries by asking for an offer?
Thanks Josh!
Glad you like it 🙂
Yes, I respond to all inquiries with asking to make an offer at first. When someone shows interest at first for my domain, I want the potential buyer to present an offer to see his seriousness/interest level/budget, etc.
[…] mentioned in my last post about having bad experience with Escrow.com for which I promised to share how it actually was a […]
Great sale. Did you know in advance that it meant simple/easy in Swedish or was it mainly being a nice pronounceable 5L Domain name?
Thanks!
Yes, I knew it before I purchased it. Did some research before acquiring it.
what was u thinking when u registered or bought this domain? did u know what it means in swidish?
P.S. I sent connection to ur linkedin…
Usually I don’t invest in languages other than English. However, I knew this was a short word, good meaning and has great chance of selling. Of course I knew the meaning as well before investing. I never buying without doing proper research. It makes it difficult to buy at right price and do right pricing while selling too.
ok, so it was hand reg? how long u kept it b4 get buyer?
99% of my domains are NOT hand reg. Held for 2 years or so.
सर अभी तक मैं domain name में काफी पैसा बर्बाद कर चुका हूं और मेरा खरीदा हुआ domain name bikता क्यों नहीं
I don’t understand Hindi written language. Kindly post your comment in English.
Sir,
I have wasted a lot of money investing in the domain name. Why the domain name I bought does not sell
Without knowing the domain, I cannot saying much but most probably you bought the poor quality of domain(s).
Some domain name
Kbcalong.com dropped
Casinowon.com
ElectricVisa.com
Hindiweb.org
Tezbank.com dropped
Glad you dropped it. Those are/were crappy domains. You need to study a lot before you reinvest in domains. For that you may start off with reading NamePros, blogs at Domaining.com including this one. Also if you’re looking for a step by step guidance, then go with DnAcademy course whose banner is right on top of this blog.
Good luck!