Afternic experiment of August 2020

Hi everyone,

When I first started sharing the January experience, I wasn’t expecting to continue sharing for this long but with the feedback I’ve received until last month has been exceptional. The main purpose of sharing my Afternic experience was for others to judge and decide for themselves whether to try their service the way I do or not. I know many of you have opted for Afternic ns3/ns4 along with BIN and found it more productive and few not as well.

Overall, I’m happy with my own results and others as well who were able to increase their sales which is what we need. SALES.

This is the 8th post of the Afternic experiment series after I published JanuaryFebruaryMarchAprilMayJune and July results which I believe you’ll like it.

So July was the slowest month for me but August really covered everything and I’m very happy with that. Even though I’d no complaint that month as well but was slightly disappointed.

So coming back to the sales of August are as below:

The first sale happened on 12th of August (once again started late) in the shape of MicroBladingTraining.com for $3,500. I’d kept this for $3,988 BIN but after going back and forth, the Afternic broker was able to get $3,500. The buyer came in via GoDaddy.

Second sale happened on the very next day of GeoComm.com for $13,500. I remember having $15,888 BIN. The buyer came in with a $9,000 initial offer and $12,500 as final offer. The interesting and best thing about Afternic brokers is that you can easily trust them and they’ll give you the best in return. I actually said of accepting a $12.5K offer but requested to try once again and see if the buyer comes up… And fortunately he raised to $13,500. This is not something new for me as I’ve seen multiple times for myself and my fellow domain investors where the Afternic brokers have helped them get more than what the seller has accepted to sell it for.

Then again the very next day I’d another sale but this time the buyer hit BIN and acquired it. The domain was HarleyClinic.com which sold for $1,988.

And the best sale of the last month happened on 20th of August in the shape of BIN which was LivingLabs.com for $25,888. It’s a great feeling to have BIN sales happening at such price range. I’d this domain for many years and declined several offers including the highest of $5,000 when I used Uniregistry landers.

And then there was a sale of $5,000 which unfortunately I cannot share due to TM reason. I admit of acquiring the wrong domain but totally unintentionally so when the initial offer came in of $2,500, I requested to try and see if we can get anything above that mark or else accept this offer. So once again the Afternic broker did their job what they’re best at and got the buyer to $5,000. Apologies for not sharing the domain.

And the last sale of the month via Afternic was WeAreLiberty.com for $2,988 where the buyer hit BIN and purchased it.

All the domains were sold via GoDaddy except the GeoComm.com sale which happened via Afternic lander. Surprisingly no sale came via partner registrars. This shows the power of GoDaddy which is enough to make a good amount of sales for anyone holding good quality and quantity of domains.

The number of inquiries for the August was close to 550 and total number of domains at the end of last month were 4,170+/-

Total cost of acquisition was under $4,000 and total amount of sales was $52,864.

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

HavenGallery.com for $1,800 (Registerd $7.45 on 29th Jan, 2008).
ToonJam.com for $1,600 (Purchased for $10 back in March 2020).
PlasticRoad.com for $7,850 (12+ years old name – hand reg).

He also sold Peter.org for $8,855 privately which is another fantastic sale IMO. And the last sale was IronDecks.com for $2500 (registered for $5.99 on August 26, 2020 and Sold on August 28th DAN).

Aamir is a well experienced domain investor and he knows the ins and outs of this business so please don’t go on buying spree just because he sold IronDecks.com which was hand registered last month itself. He hand registered around 500 domains in a small period of time and from that this particular domain sale happened. It’s all about the quality, quantity, experience, timing, etc which matters in this business.

One fellow investor @Yusupbabay, the owner of Presiden.com shared one sale he made last month IndustrialHeart.com for a whopping $25,000. He acquired it for $59 and paid for 2 years of renewals. The reason behind this particular acquisition was that “I bought this domain because it was sold:
INDUSTRIALHEART.COM last sold for $ 22,500 on 2015-07-12 at DomainMarket”.

Honestly speaking, I would’ve never sold for that price, let alone asking that price. I just don’t get this domain but a sale is a sale and I’m happy for the seller. Congrats and thanks for sharing!

And I’ve a couple of answers to share which my Afternic manager was happy to share with me:

Q1) Does price reduction send any kind of alert to the past inquirer for that particular domain?

A1) We have measures in place within our automated email system to keep buyers engaged after expressing interest in a domain, but we do not automatically send emails to past inquirers when a domain’s price is reduced. This is an interesting idea, I will send it along to the team to review. As of right now if a seller is significantly discounting a sought after domain, they can reach out to our Partner Seller department at PartnerSeller@Afternic.com. We will be happy to review past inquiries on the domain and have the brokers reach out to drum up interest.

Q2) Also adding categories for domains make any increase in sales?

A2) Adding categories to listings does not have a measurable significance to sales velocity. The category information is not pushed out to our partner network. This feature can be used by our sellers to help keep track of their different verticals and can be seen on Afternic.com, but not across the network where the domains are distributed.

I believe this will clear out many of the investor’s doubts who were looking out for this and I’m very happy to see the detailed answers.

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

Feel free to give your feedback no matter how good or good it is πŸ˜‰

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53 Comments
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DomainBoss
2 months ago

Wow, amazing month of sales!
Congrats buddy!

Hope this month is even bigger and better.

Thanks for sharing.

Michael Cyger
2 months ago

Thank you for sharing your detailed, monthly reports. Your transparency is enlightening and appreciated. Continued success to you!

Bobby
Bobby
2 months ago

AbdulBasit is the new Domain King.
All hail the King!

Last edited 2 months ago by AbdulBasit Makrani
Kay
Kay
2 months ago

Superb sales Abdulbasit, congratulations!

Its always motivating reading about your sales.

Yakov
Yakov
2 months ago

Wow, your performance is amazing.
How many domains are you holding?

Mohit Patel
2 months ago

Thanks for sharing Abdul Bhai

Harmandeep Singh
Harmandeep Singh
2 months ago

Thanks for sharing sir, I wish you will get more in September β˜ΊοΈβ˜ΊοΈπŸ™πŸ™

Tony Stinson
Tony Stinson
2 months ago

Great work Abdul. I await your sales news avidly each month. I really would love to try Afternic as you have done. However by not showing us the resulting visitor statistics to NS3/NS4 (I believe they only show them for NS1/NS2) they prevent me from doing so as I don’t have enough domains to qualify for a personal rep. I think that information assists us in making better pricing and drop/renew decisions. This can only equate to better sales for Afternic as we are directing potential buyers to them instead of to a different marketplace. It seems win-win to me.… Read more »

satyadeep singh
satyadeep singh
2 months ago

Great work Abdul bhai the best ROI was

Sangria Digital
Sangria Digital
2 months ago

Thank you for this detailed information. Highly appreciated.

I wanted to ask one question – do you list you names on the godaddy marketplace in addition to afternic? Or do you list only on afternic and they appear on godaddy aftermarket by default as result of your afternic listing?

Any thoughts on what is a better strategy? Thanks in advance.

trackback
2 months ago

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

Abdul
Abdul
2 months ago

Great sales by great… King domainer….you are really great abdul bhai

Michele
2 months ago

I’m in awe of your sales in certain ranges and have enjoyed reading about this experiment. But I’m not sure I’d want automatic alerts to go out to buyers about price reductions. I’d prefer that to be Opt-in only. Email contact with buyers is something most of us fine-tune.

Sheraz Mushtaq
Sheraz Mushtaq
2 months ago

Congratulations to ABM bhai and Amir Bhai.
May Allah give you more success.

Tauseef
2 months ago

congrats abdul basit, aamir and yusupbabay – thanks for sharing. worth noticing the quality and other aspects of sales. wishing more such a good news.

Jai Gupta
Jai Gupta
2 months ago

Another crazy month of Afternic sales.

I remember I had commented about last month’s dip in sales and was confident about the coming months.

I am truly amazed with that whopping BIN sale of LivingLabs.com at $25,888. I just wonder on what instincts you buy such names and what makes you believe in them for course of years.

Abdul bhai, It would be great if you can add hold period in the coming sales reports.

Happy Sales πŸ™‚

Ehren
Ehren
2 months ago

Keep it rolling!

Vinod R
2 months ago

Came out with a BANG!!!
Congrats and thanks for the inspiration.

Sumit
Sumit
2 months ago

Congrats AbdulBasit! You are truly inspirational, and the best part is you don’t hesitate in sharing gold nuggets – unlike many high-profile domain investors.

Spike
Spike
2 months ago

Continue to be in awe of your success with Afternic! Two quick questions: (1) Even with BINs, you are doing some negotiating. DO you have floor prices with room for negotiation or does Afternic agents contact you with significant offers that haven’t met the mark? (2) When you speak of your Afternic agent, how do you get one? Does he give you monthly stats? Never heard of Afternic agents that are so helpful.

Jose
Jose
2 months ago

Congratulations on sales on Afternic.com

I was really amazed that you can do this from Uniregistry.com and not let me sell domain in Afternic.com since June, your answer is negative.

Go ahead, I’m happy that you can do it.

Jose
Jose
Reply to  AbdulBasit Makrani
2 months ago

Hi AbdulBasit Makrani Sorry for not replying to your email sooner, I just saw it right now. When I saw that you had taken out many domains landing pages uniregistry.com and took them to Afternic to sell and others later, see in another post or interview to do to you that there was also the opportunity in Afternic Domain Parking, with DNS change NS1 and NS2 Afternic and NS3 – NS4 Afternic but go to Godaddy.com I will do the same last June just add 15 Uniregistry domains in Afternic.com as you are two links https://uniregistry.com/blog/post/uni-now-supports-afternic-dls https://www.uniregistry.help/hc/en-us/articles/360043138454-Afternic-Domain-Listing-Service-DLS- Then add other… Read more »

Jose
Jose
Reply to  AbdulBasit Makrani
2 months ago

Sorry for the delay in your reply. Uniregistry, deserves a book that in the end would be a Betseller, they spoil themselves in their blog what the company itself reflects inside is a unique case, I believe in this market domains. Example: Before the internet, I had worked in several companies as an Executive of Sales Strategy, promotions and offers of products and services, and I had never seen that the CEO of the Company ordered that the sales executives had to sell a product of his and leave aside those that give economic benefits to their own company. Godaddy… Read more »

K.J.Haroon Basha
2 months ago

Very inspiring indeed AbdulBasit. You are really awesome Seller. Congratulations to you and all those biggies who made a fortune last month.

Emeka
Emeka
2 months ago

Congratulations as always. Interesting sales .

Thanks

Mr Dee
2 months ago

Congrats Abdul, nice experiment and sales again. Declining your highest offer of $5,000 for LivingLabs.com and finally getting $25,888 is amazing. Says a lot about delayed gratification. Also, impressed with @Yusupbabay, the sale of IndustrialHeart.com. Love the fact that it was sold before for almost that amount. Thumbs up guys and wish you more sales.

Matt Morgan
Matt Morgan
2 months ago

Hiya again Abdul, how is it going? Once again you have made another set of sales in that month of August 2020. These set of stats are giving other domainers a good substance for them to progress along their domaining journeys. You are a great asset to the domain industry, Nice shared story of rejecting LivingLabs.com for a $5000 offer, and waiting for the $25,888 offer. It shows if you reject many lower offers then if you wait then there can be higher offers if you wait, so waiting is key. Abdul your experience is showing others how to manage… Read more »

fery irawan
2 months ago

amazing sales
you are the King Abdul

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