My experience of selling domains on payment plan

Hello everyone,

Today I would like to share my little experience of selling domains on payment plan. Although I’ve had very little experience in doing this and I know there are some domain investors doing this on regular basis.

So to date I’ve had experienced 3 payment plans. Very few in numbers but at the same time very exciting journey which I’m sure at least some of you’ll enjoy reading it. I’ll share the surprising part at the later stage of my post.

It was in 2015 when I first started with payment plan in the shape of MediaLounge.com for $16,560‬ on a 24 months period. We’d an agreement in place and did all the work before both parties got agreed upon. Received very few payments but within the same year, the buyer said they’re no longer interested due to some changes in company and this domain is no more required. The deal was cancelled and domain is still with me.

Second payment plan was on Kuneco.com for which I quoted $1,988. Buyer had no money to buy in one shot and preferred to buy on a 6 months payment plan for a total amount of $2,200. Started in the last quarter of 2019 and completed the deal this April. It was great pleasure doing business with this particular buyer. Such a nice and humble person.

Third and last one so far happened in last month MarketPal.com for $4,500. The actual deal was the final payment be made by September 2020. Somehow the buyer got good business at his end and wrapped up the deal within the last month which was surprising to me. Another great person to deal and a great negotiator as well.

Now the biggest surprising thing is ALL the above payment plan deals happened privately WITHOUT using any escrow service. Each of the buyer believed in my business practices and I give a lot of credit to the blog I developed in 2012 and of course to my readers and commenters who likes sharing my experiences.

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

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17 Comments
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DomainBoss
1 month ago

Great read Abdul. Congrats on the lease deals. Hope you sell many more.
 
Just wondering how the buyers paid you every month and were they ok you holding the domains while payments being made ‘without any escrow’?
 
Thanks.

DomainBoss
Reply to  AbdulBasit Makrani
1 month ago

Ok, thanks for the details.
Looking forward to more stories πŸ™‚

Ibrahim Khan
Ibrahim Khan
1 month ago

Another nice experience share Abdul Basit. Without Escrow it’s not possible until you have created trust. For trust, you must be following some honest business practices. And you have been blessed with it. Ma Sha Allah.

Abdul
Abdul
1 month ago

Abdul bhai always feel great seeing yours sales and yours sharing… Without escrow service…. Great Abdul bhai..

Mohit Patel
1 month ago

Thanks for sharing Abdul Bhai

Harman Singh
Harman Singh
1 month ago

Great Share sir, your blog really help me to grow, these days I am offering 6-months and 12-months payment plans for outbound leads. Thanks again for sharing your experience.

Niz
Niz
1 month ago

Congrats and thanks for sharing, The payment part is bit intriguing though..

Manmeet Pal Singh
1 month ago

Super effective way of converting a low offer to desired price sale Abdul bhai.

Mr Dee
11 days ago

Abdul, you’ve done a great job with your sales. I think your credibility served you right. Payment plan is not always certain for a full payment.(90% of payment plan deals are always not successful). In all, payment plan is an excellent strategy in the domain competitive market & provides no refunds if buyer stops payment. Can’t wait to read something from you again. Thanks

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