My first experience with Lumis.com

Hello everyone,

I received an inquiry from Lumis.com co-founder Slade for one of my domains AaronWhite.com in April 2021 with an opening offer of $1,000. I quoted $15,888.

Before I go into more detail, let me share something interesting. I repriced this domain in March 2021 from $3,988 (according to my Afternic lead report) to $15,888. It was just a month of difference between this inquiry to be received and that too privately.

There was a possibility of selling through Afternic or Sedo and I had to pay 15-20% commission depending on the platform.

Anyhow, the next counter offer was $3,000 for which I showed slight flexibility of selling the domain if the offer of 5 figures is presented. The buyer then came up to $8,000 in April itself. I slowly lowered my asking price in our long negotiations process but things got standstill for several months. Eventually I had to accept their one last revised offer of $9,000. I acquired this domain in 2015 for $xxx.

In this case, we used Sedo external escrow service where the buyer paid the escrow fee and the transaction was completed very smoothly.

I wanted to thank Slade for being very nice, responded quickly and handled things very professionally. Also thanks to Sedo for concluding the deal swiftly and sending payment quickly. The only issue with Sedo is that while using external escrow service, we need to send them details manually whereas they should offer any buyer/seller to initiate the transaction without any manual interference which takes them days to start the transaction!

It was an interesting sale so I thought it was worth sharing it 🙂

Feel free to give your feedback no matter how good or good it is 😉

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1 month ago

[…] Source : AbdulBasit.com – Domain Investing | Domain Sales | Domain Tips | Domain Consulting | Read More […]

SAEED HASSAN
SAEED HASSAN
1 month ago

AA
congratulation


Sangria Digital
Sangria Digital
1 month ago

Congrats Abdul, great sale, and keep up the good work.

Would you mind sharing how to obtain the Afternic lead report?

Mr Dee
1 month ago

Congrats abdul. Would like to know the reason for confidently repricing your domain name so high?

Matt Morgan
Matt Morgan
1 month ago

Hello Abdul, how are you and your family doing?

I hope you are all well.

that is a great sale from a price adjustment increase, which shows if you use Afternic lead report to your advantage then you can really boost your domain sale profits!

There is only going to be GOOD feedback from me…

Keep up the good work and report sharing. It gives incentives to the domain industry to keep up their efforts!

Matt Morgan

the durfer
the durfer
1 month ago

Congratulations, Abdul! Who is Aaron White?

SAEED HASSAN
SAEED HASSAN
1 month ago

AA
Respected Sir,
You acquired this domain in 2015 and sold it 2021, How many offers did you get during this period and what was the maximum offer you rejected..

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