Hello everyone,
As I recently published a post with several of my recent domain sales, today I wanted to share another domain sale with complete detail of how it started and the deal was wrapped up successfully.
The domain I sold is Quaestor.com which was the oldest domain by creation date I owned until it sold. It was initially registered in 1994 but I acquired in 2018 for around $1100 via GoDaddy Auctions.
The inquiry came in via Uniregistry lander and I quoted price of $26,888. The buyer countered with $3000. After exchanging several emails and asking to come close to quoted price, the buyer revised his offer to $6,000.
Again after more communication, I said to present an offer of over $20,000 to get into negotiation.
With no response, I gave my final price of $25,000 with 7 days to accept. The buyer came in August and offered $10,000 but only after the 7 days period was over.
Sticking firm to the final price, the buyer came again in October and presented $15,000 offer to which I declined by informing the price is reverted back to $26,888 which was initially quoted because the offer of $25,000 was valid for 7 days only.
There was once again silence until the buyer came again in November by asking if I’m willing to negotiate as they’ve to decide and move on within a week period.
During this silence period of more than a month, I already upped the price at all marketplaces to $29,888 so I informed the buyer new price at all marketplaces but if he is still willing to buy, I can offer $26,000 to you only which is valid until the end of November.
Buyer immediately accepted and we used Sedo escrow and buyer paid the Sedo commission.
At one stage the domain was offered for $25,000 but ultimately sold for $26,000 to the same buyer. Every time you need to grab the offer at the right time, but you’re not always sure what’s that perfect time. We keep learning from our and others experiences. What best we can do is to keep learning all the time and improving ourselves.
Congrats! You have impressive negotiation skills and patience!
Thank you!
Glad you like the detail of sale.
Congratulations Abdul! Great negotiation. Thanks for sharing.
Thank you my friend π
It’s always nice to read about your sales AbdulBasit. Congrats on this recent one.
Why did you pay $1100 for this domain? Curious on what value you saw.
I always look out for brandable domain and this fits perfectly. Also you may want to check – https://en.wikipedia.org/wiki/Quaestor
Thank you!
Thanks Kay for commenting and reading the sales. Much appreciated π
Way to go Abdulbasit.Good sales and sticking to your 20k plus price where most would have rushed to accept the $15k after their delay tactics.
Learned a lot again from you.
Thank you.
Using sedo escrow,did you tell buy to open an account with sedo to begin process ?
Thank you!
That’s what keeps me sharing as that’s helpful in one way or the other to my fellow domainers.
Yes, I asked the buyer to open an account with Sedo and provide username as that’s needed for me to request external transfer service at Sedo.
Best wishes!
Congratulations.
You doing great
Thank you Ahmaid π
Great sir ji… You are really a master… Always a fan of yours… Want to learn from you… Inshallah will meet you one day…
Thanks for your kind words. Much appreciated Abdul Khan bhai.
Let me know when you’re around in KL and we shall meet in person.
You are the man.ππ.Been learning a lot from you and go back to read all the past sales for guides.
Thanks always.
Congrats once again, Abdul. Nice work mate.
Thank you Mate! Happy to see you liked it π
Congrats Abdul.
Every domain investor should learn that a negotiation DOESN’T mean to simply DROP PRICE/counter low to close a deal.
You did a great job negotiating + great in depth post of HOW TO negotiate properly.
Thanks
Alex
Thank you Alex!
I totally agree with you.
Well done on another domain sale and thanks for sharing the negotiation process on this domain AbdulBasit.
Thank you my friend π
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Hiya Abdul congratulations on a nice post on sharing how you sold the domain. Nice way to show that holding for a particular price can eventually get the buyer to offer that particular amount.
Well done again in this sale.
Matt Morgan
Thank yo Matt and glad you like it π
I totally agree with you. Since it takes load of time, sometimes the seller may end up losing patience which we all go through in our lives. But we learn from our own and others experiences and should keep improving ourselves.
Congratulations abdul sir ,how many market palace and how add domainsin all markets?
Thank you!
I’ve listed all my domains with Sedo/Afternic/Dan but most of the sales happen via Afternic and Sedo. No sales via Dan to date.
I am very happy to your reply.