Hello and Assalamo Alaikum,
It was a fantastic last week of March where I closed two good sales. I had a great February month especially due to the sale of LiftLab.com whose detail can be found here in case anyone missed it. Last month wasn’t much of a difference when I closed the following two sales.
First, a direct inquiry came for BoostCamp.com via WHOIS in early February for which I quoted $6888. I got counter offer of $1750 which I declined. After going back and forth in exchanging several emails, the buyer agreed upon the originally quoted price of $6888. Payment was received last week. Unless the payment doesn’t arrive in escrow, I don’t consider it a successful sale as we’ve seen many potential buyers backed out with silence after even starting escrow. So all in all, it took more than a month to complete this deal. But all ended well as I didn’t need to pay any commission and pocketed full amount. By the way, I acquired the domain last year for low-mid 3 figures.
I used Sedo.com escrow and put the escrow fee to be paid by buyer. Sedo escrow service is better than Escrow.com mainly due to their not so much complicated verification requirements which is especially frustrating for one time buyer. Thanks for the members of NamePros who suggested using Sedo escrow when I asked I need to know some alternative to Escrow.com where I can receive funds in PayPal.
The only issue I face using Sedo escrow is when I initiate a transaction, the request goes to Sedo to start transaction whereas it should automatically be started like at Escrow.com. They must make it automated instead of current manual system which seems bit outdated.
Another sale was super quick and smooth. The buyer came via Uniregistry lander on Avellino.com which I acquired two years back for low 4 figures.
I originally quoted $16888. Buyer simply agreed to price and asked how to proceed with next step. Started Uniregistry checkout which is very smooth and easy to use. The only issue is their service fee which is on high side considering the escrow fee was paid by buyer and still their service fee which I’d to pay was $186. Still I’m happy using their escrow compare to Escrow.com. So currently I prefer using either Sedo escrow or Uniregistry checkout. In both cases, I put on escrow fee to be paid by buyer.
Feel free to share your recent domain sale(s) with any detail if you like to.
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Congrats Abdul on the excellent sales. I wish you many more this year!
Thank you my friend!
Waiting for your big sales. Please share with us whenever you can 🙂
Congrats Abdul. Killer sales!
Thanks Ehren!
Glad you like them 🙂
Congrats Abdul on your excellent sales! The buyer of Avellino.com accepting your first quote is quite rare and had to have been surprising.
May I ask if there had possibly been prior discussion with the buyer, where in they already had an idea you had a firm price and weren’t moving much?
Congrats again my friend!
Thank you Tom 🙂
Definitely it’s rare to see buyer accepting first quoted price without even looking to negotiate. I’d this instance in past as well but I recall for once only.
No, there was no past discussion about this domain with same buyer as he came in for the first time.
Congrats! Have you considered either Epik’s escrow or escrow.domains? I used ecop.com before (it was a good while ago though), everything was done very professionally, however, am not sure how they are now.
Thank you Mark!
I haven’t used either of those 3 escrow services. My main purpose of using Uniregistry and Sedo escrow is to receive funds via PayPal and I wonder if any of the 3 escrow services you mentioned disburse funds to Payoneer? Are you aware of it?
With all 3 you can withdraw to PP. If you take into account 3-5% that PP will also take, Epik might be the cheapest option (but you will need to have your domain with them, which shouldn’t be a big deal, extra 8.5 bucks and a few hours of waiting for a transfer to complete).
Thanks for sharing the detail which is appreciated. Considering that 5% PayPal fee, I think both Sedo escrow and Uniregistry is better since both pay NET amount and there is no deduction from PayPal. So saving that 5% matters a lot.
This might be a super great and useful topic for your next post, compare and see which escrow is better.
🙂
If you intend to use funds for domain renewing, Epik might be a good option hence they are also a registrar and one can use domain sale proceeds for that. I’ve never used Epik escrow but as far as I remember their escrow fee is only 1.5%
How much is Sedo and Unireg fee for escrow service?
Thank you for the idea and I’ll definitely make a post on it.
Sedo charges 3% whereas Uniregistry charge 3.88% if buyer pays via PayPal or credit card.
Congrats on your great sales! I agree with you about Sedo as they only charge me a flat 10% commission with free escrow service for BIN sales by parking my domains with them. Again, I do like Sedo direct offer pages with my own description added which are then used as a short link to my Twitter tweets (@DomainsFeast).
Thanks Bob! I appreciate you sharing your experience. I suggest you to give your domains more exposure. Right now, you’re simply using Sedo lander for making sales and yes you’re saving commission which could be 15-20% depending if the sale has happened via Sedo site or by one of their partner registrar. So what you could so is simply list all your domains with Sedo and Afternic and at the same time use sales lander of your own or Efty or Uniregistry. Currently I’ve listed all my domains with Sedo, Afternic and using sales lander of Uniregistry. This increases the… Read more »
Congrats!
I guess you undersold Avellino? Nice sales any way.
Thank you!
Considering how the buyer accepted, I think yes. But if there was negotiation involved and the deal was completed, I wouldn’t have thought of undersold it.
But overall, I think I left money on table. Still happy with the quick and smooth sale.
Well done mate, very nice sales. Correct me if I’m wrong, but I think Avellino is a city in Italy.
Thank you my friend!
Yes, it’s a city in Italy. Also it can be used as brandable name.
Congrats on the sales, Abdul.
Thank you Matt 🙂
Excellent Sales brother. Congrats. Keep sharing 🙂
Many thanks Owais bhai 🙂
Congrats Abdul, wish you greater sales
Thank you dear 🙂
Best wishes!
Question – > Have you ever advertised your domains through SEDO paid promotional offers and what were your results?
Did once around a decade back but no positive result. I don’t see it’s worth promoting via Sedo (paid one).
Thanks!