Hello and Assalamo Alaikum,
I feel this year is going great ALHUMDULLILAH in terms of sale prices. As my new year started with five figure sale. Then there was another five fig sale last month for which I was unable to disclose the detail. However, this month I closed another five figure sale but this time I am able to share the details with you.
Coming to the point, the domain in question is Mawad.com which I sold for $11,500 through DomainNameSales.com and Escrow.com. I think this was the fastest wire received for any of my transaction so far as it was received and approved within few hours! Thanks to Escrow.com for everything.
The moment I asked buyer to make an offer, his response was that this domain was required for student project. Immediately I thought it wasn’t going to work and we couldn’t proceed further. But as always I reply to all inquiries no matter if it looks serious or not. You never know when and which lead will turn into successful sale.
I asked 15k. Now you must be thinking that I normally don’t throw away asking price first but considering poor student and mark it as imcomplete sale quickly I just asked this price. Although I have quoted the same price in past to others as well.
He countered with $7.5k which was reasonable to start off negotiation. I asked him to come closer to my asking price if he is seriously willing to buy it. Next offer was 10k. I told him that I received 10.5k offer in past and it was true as I don’t like in trying to work out a deal. Next was 11k and finally we agreed upon 11.5k.
Buyer was quick enough in closing the deal and everything went smooth as we planned. I am very much satisfied in having all these sales but the number of domains sold so far aren’t as impressive as I planned to do so.
What are your thoughts on this recent sale? Care to share yours?
Great sale Abdul and good on you for being straight forward and honest during negotiations. Does Mawad has any meaning or is it a pure brandable? Keep up the great work!
Thanks Doron! 🙂
It’s an Arabic name but it can be used in both ways like Mawad as well as Mohammed Awad which in short makes Mawad. Some might also use as initials of their company.
Congrats, Abdul.
Thanks Matt 🙂
Congratulations! May there be many more 5 figure sales this upcoming year— and hopefully 6 figures as well 🙂
Many thanks Daniel 🙂
Mubarak! Great sale! Insha Allah you will do more sales of this kind through out this year.
Thanks Sameeruddin. In Sha ALLAH. Wish you all the best too bro 🙂
Great deal! Congrats bas.
Thanks Zamaan 🙂
Congratulations,Basit …I thought that you sold it for more much much money because I see 50K in the picture of your post ….lol
Thanks Picas!
Good sense of humor 😀 I must be careful in selecting the picture next time for not creating any confusion 😉
Nice sale, another LLL no.2 is not that far away 🙂
Thanks DC but I would prefer to buy 2 word domains more because lot of investment is stuck in LLL.com and to keep things rolling 2 word names works well 🙂 Although keeping few high quality domains like LLL.com isn’t bad idea.
agree, its getting the balance right between investment names and names to generate capital
Well said!
Congratulations on another great sale AbdulBasit. And your sale of 3 x 5-figure figure sales in less than 4 months is a fantastic success for 2015 so far, regardless of whether you think it falls short of your own expectations. Looking forward to hearing more of your successes in due course.
Thanks very much Paul for your feedback 🙂
I will now be focusing more on making some smaller sales as well like in four figs for quick cash flow.
Great sale AbdulBasit, Keep it going. I found 107 results of domains using MAWAD. I think your logic of ensuring enough endusers before picking a domain is working very well for you.
Thanks Tauseef 🙂
Yes, going after domains with more possible endusers is the best way to go 😉
Greetings Abdul – and congrats on that sale.
mawad.com: This is a huge domain name (NOT M awad) – it means in english (Products – supplies). plus, it is a well known family name in lebanon that owns a well known brand and their specialty is Gold and its accessories. Plus, in kuwait and other places best sellers of building supplies: http://mawad.com.kw/
Hope this helps.
regards,
Nidal Kadri
Thanks Nidal for commenting and appreciate your feedback 🙂
I was aware of that building supplies company as well as the group in Lebanon for kitchen designs. Although the buyer is from Lebanon, I think he is not linked with the kitchen designs company. Seems start up to me… In actual, we will come to know once the site is up and running 😉
Thanks once again!
Alf Mabruk Bhai Barak Allah Feek, Good one bro, keep it up and rinse.. adjust and rinse 🙂
Many thanks Arif for your kind words and wish you all the best too 🙂
Congratulations!
I’d be very surprised if that’s a student. Very.
Thanks Joseph 🙂
Surely not a student because he asked me to wait for some days before proceeding further and in the mean time he wanted to consult with his “business partners” 😀
AbdulBasit,
Very nice and thank you for the comments. We appreciate your business and your trust.
Best regards,
Brandon
Thanks very much Brandon 🙂
As always great doing business with you and your company 🙂
Congratulations on your great sale.
Would you mind saying how you came to own the domain and your ROI, if you wouldn’t mind?
Thanks Rod!
I hardly hand register domains and less than 5% of my portfolio is of hand reg domains. Most of my acquisitions are from expired domains market such as NameJet, SnapNames, GoDaddy Auctions, etc.
I had paid under 1k.
Thanks for your reply Abdul. Hope you’ll get loads more and I’m certain you will 🙂
Many thanks Rod and wish you all the best 🙂
Great sale and congratulations. I enjoyed reading about your sale. I hope there are more to come!
Christian
PlentyOfBrands.com
Many thanks Christian and I appreciate your kind words 🙂
Great Sale, Congrats! Allah is Great!
Many thanks Azam and rightly said! 🙂
Hi abdul, is there a way we can negotiate a deal on one of your websites? I don’t have to money you are asking for, but require this website for a personal blog.
Thank you
It depends on the domain/website. Feel free to shoot an email at abm at abdulbasit.com
Salam.
I just found your blog few weeks ago and your story is amazing. Just a quick question. I tried to follow your step, registering with DomainNameSales, but always rejected due to small portfolio. Do u know, how many domain should I own to be accepted there?
WaAlaikum Salaam,
They require decent number of domains at first submission. Let’s suppose you need to submit 100 domains along with quality domains to get approval.
Good luck bro! 🙂
[…] Third consecutive domain sale of five figures this year […]