Afternic experiment of February 2024

Hello everyone,

With the overwhelming response for the Afternic experiment of last month, I’ve decided to continue and see how it goes.

I’ve been working hard for the last several years mainly in order to get rid of inconsistency in sales but I realized that I cannot completely get rid of it. However, I can work on reducing it as much as I can. And for this I believe to increase both number of domains along with quality of domains.

Like I mentioned about inconsistency, the first sale for this month happened on 7th February. I’m sure some investors would think that a week of gap is nothing unusual but not to me. In my last month post, I shared that “I’ve invested in 7 figures (USD) for acquiring and holding those 9,200 domains. Also just the renewal cost is approximately $100,000 annually.” Considering this only, I need to have a good amount and number of sales every month to keep things moving smoothly.

Coming back to the first sale of February, it was a complete blast and the best one of the month:

GoWash.com – This one had a BIN of $50,000. The opening offer was $30,000 but the Afternic broker negotiated and brought the buyer to $40,000. All credit goes to the broker and my AN rep Adam Ramsdell in making this sale happen for that price. Very professionally and smoothly handled sale. Hold time around 4 years.

BeAHero.org – Sold for $4,888 via AN BIN. I’ve had a very little success with .org domains but I still like to keep buying sensible .org domains. The most I love to invest is 3L .org domains. Hold time around 4 years.

SpeedFloor.com – Acquired 4 years ago for low-mid 3 figures. This one was a negotiated sale at $4,300 and I think the BIN was $4,888.

FireBirdMusic.com – This domain hold time was 1 year and had a BIN of $2,988. The broker negotiated and it sold for $2,500.

5Hearts.com – Acquired via GoDaddy Auctions 5 years back and the buyer hit the BIN at $2,988 via GD shopping cart.

BeaconConstruction.com – Another domain acquired 5 years back and the buyer hit the BIN at $6,888 via GD shopping cart.

Blacom.com – Another GD shopping cart BIN sale for $4,888. Acquired this one almost 5 years ago.

Ciircle.com – A letter less or an addition in a strong keyword are always good to invest in. The buyer hit the BIN at $3,988 via GD shopping cart. By the way, since January 2020, I’m having easily more than 50% sales via GD search path.

EntrepreneurAdvisors.com – Another GoDaddy search path BIN sale for $2,988. Total hold time was a little less than 4 years.

VeaGroup.com – I love this sale because the ROI is fantastic. Acquired via DropCatch almost 5 years back uncontested at normal backorder price. The BIN was $19,888. The broker did a fantastic job making the buyer agree at $18,000.

MedList.com – This sale came via GoDaddy’s reseller partner registrar and it sold at the BIN price of $19,888.

PoolMagic.com – Hold time 4 years and buyer hit the BIN at $3,988.

SophieDavies.com – As always two word person names are in demand but you’ve to carefully check which ones to invest in and price it reasonably. This one sold for $1,988.

BaranTech.com – The last sale of the last month was a negotiated one which sold it for $2,500. It had a BIN of $2,988.

So a total of 14 sales excluding a couple of more sales happened via Afternic but I won’t mention it because once again my sons sold those domains.

The number of inquiries for February was slightly less than 1,700 and the total number of domains at the end of February 2024 were a little more than 9,200.

Total acquisition + holding costs was around $3,500 and total amount of sales was $119,792.

Feel free to share your sales and give your feedback on mine if you like to. It doesn’t matter how good or good the feedback is 😉

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48 Comments
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Kachi
Kachi
1 month ago

Congratulations and thanks for sharing.

Avijit Roy
Avijit Roy
1 month ago

Good Month,Abdul Vai. Thanks for sharing.

Ibrahim Khan
1 month ago

Nice names and sales. Did you sell any from the trends like AI, GPT etc. ?

Niz
Niz
1 month ago

Congrats! Some nice sales there, and thanks for sharing.

Andrew
1 month ago

Thanks, as always, for sharing this level of detail. It’s super helpful to see what other people are selling. It also helps for me to think about the number of sales you get with 9,000 domains compared to my smaller portfolio.

Abderramane
Abderramane
1 month ago

Wom ماشاء الله
Congrats brother ???????? many more sales inshaallah
Abdulbasit , may i Ask you how much should i Price this domain blueskyvirtual.com , 12 years old Taken in 11 extension and used to redirect to this company blueskyelearn.com wich their ARR IS 5m USD
I would really appreciat you analysis and estimation of it

Meka
Meka
1 month ago

Great Sales and a big month with six figure sales .Great investments and pricing as well.

Leo Golan
1 month ago

Awesome, AB! Amazing pricing too, i would never thought of pricing few of those this high

Logan
1 month ago

Congratulations on another great month, AbdulBasit!

Question: how do you know the source of each sale, e.g., reseller partner registrar, GoDaddy search path, BIN lander, etc.? Are you able to tell from the reported data somehow or are you asking your GD/AN reps for further information about each sale individually?

Logan
Reply to  AbdulBasit Makrani
1 month ago

Thank you. I’ve now asked my Afternic rep for same.

Samir
Samir
1 month ago

Thanks for sharing Abdul!
May I ask you you mention sales that happened on Godaddy!
But if you list domains for sale on Afternic fast transfer network do you also manually list them on GoDaddy? Or you just see where a sale came from not listing domains on Godaddy manually?

Samir
Samir
Reply to  AbdulBasit Makrani
1 month ago

Thank you very much Abdul for your reply!!!
Wish you Best Of Luck in domaining!!!

Matt
Matt
1 month ago

Love reading about these sales mate. Congrats yet again.

John
John
1 month ago

What made you price GoWash so high in comparison to others?

Amro
1 month ago

Mabrook:)

Anthony
Anthony
1 month ago

Congrats! Its always good to see fellow domainers with great sales!

Spike
Spike
1 month ago

Appreciate you sharing your successes! Are you still using NS3/4 templates? So if I’m reading correctly, people are still buying at BIN when they call and speak with a broker?

Last edited 1 month ago by Spike
Anjum Aziz
Anjum Aziz
1 month ago

Nice sales, I really like to read your blog.

Sandy
1 month ago

Thank you Abdul for sharing, its certainly helps others to learn from your experiences. Sharing is Caring!!

Das
Das
1 month ago

Hi
Congratulations
Thanks for sharing.

BTC is moving too much fastly for that do you think it will be positive effect for domain market.
Thanks

Last edited 1 month ago by Das
Ismaeel A.
Ismaeel A.
1 month ago

I always love to read your sales report, it’s always inspiring and didactic! Keep growing, more bountiful sales.

Franck J
Franck J
1 month ago

Thanks for sharing and educating!

Last edited 1 month ago by Franck J
Alex
Alex
1 month ago

Great work. Do you use an Afternic lander? If so, which one? Or do you point them to your own?

Olayiwola Ibraheem
Olayiwola Ibraheem
6 days ago

Thanks for all this great feedback Abdulbasit..i always come here to read ur Afternic experience whenever i get lost doing domain…my question is if you pick up a name whether from expired auction or backorder domain which normally have a 60days lock and point those names to ns3
ns4 ,do you still manually list them on afternic or sedo or until those names are out of lock?

Olayiwola Ibraheem
Olayiwola Ibraheem
Reply to  AbdulBasit Makrani
6 days ago

Thank you Abdulbasit and wishing you and your family happy Eid al-Fitr..May Allah accept your fasting and Dua

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