Hello everyone,
Today I wanted to share the secret or the reasoning behind my pricing especially at Afternic. Although I keep the same pricing at every platform whether the inquiry comes via Afternic, Sedo, direct or elsewhere.
There is a calculator for calculating Afternic commission and I know many of our sales are in the range of below $5,000. Actually it matters when your price is $5,001 and especially $25,000 and above that level.
So whenever you’ve a sale of $5,000 or below that level at Afternic, you tend up to pay a fixed commission of 20%. However, for instance a domain you sell for $24,888 then you’ll end up paying up a commission of $3,983 which is exactly 16% commission of the sale price.
Now the interesting part is when you sell a domain just for $1,000 more which means $25,888 then you’ll end up paying a commission of $4,088 which is almost 15.8% commission of the sale price. I know for some domain sellers, the 0.2% commission is not a big deal but you’ve to think that when a buyer is willing to pay $24,888 then of course they can pay $25,888 as well.
And you know what… as the sale amount increases, the commission drops significantly. For example, if you remember I sold AutoFun.com for $50,000 via Afternic BIN, so I ended up paying exactly 13% commission if you calculate through their calculator.
Yeah I know the big sales don’t come that often but I’ve seen many investors selling their domains for $24,888 or $24,000 so this post is especially for them to understand and revise their prices.
In short, if you see their sales commission structure and study it, you’ll know that as the amount increases, their overall commission decreases. So keep their commission structure in mind when pricing your domains.
Feel free to give your feedback no matter how good or good it is 😉
[…] Source : AbdulBasit.com – Domain Investing | Domain Sales | Domain Tips | Domain Consulting | Read More […]
Thank you Abdulbasit,I didn’t think about this until I sold a name higher than $5k and I wasn’t charged 20% .Then when I sold for $26999,I was surprised and then decided that it was better to price a little higher and get charged less commission.
This is an eye opener and I will be implementing based on my tier 1 domains and below.
Good write up and wish they would drop significantly to 10% the higher the sales gets into 6 figures 🙂.
Glad you like it my friend 🙂
Definitely it would be nice to see them dropping to 10% for the higher amount of sales but I highly doubt they’ll do so because GD/AN knows that investors know that they make the big chunk of the sales for their sellers so why lower the commission when you can squeeze the maximum out of your clients. Not good… But it is what it is…
Thanks for sharing Abdul. When are you going to post the “recent sales post”? We love to read that kind of post from you, hope you will share your recent sales soon. All the best.
Thank you for your feedback Johan!
I promise something is coming up this week and I shall be sharing it with you replying to your comment.
Best wishes!
Here you go as I promised – https://jamesnames.com/2021/07/abdulbasit-makrani/
It’s always great to read yours blog… Yours advice… Abdul bhai.. As I always say u r great but missing yours sales and purchases blog… I am sure many fans of yours miss those blogs..
Thank you for your feedback Wajid bhai!
There is something coming up this week and I shall be sharing it with you replying to your comment.
Best wishes!
Here you go as promised – https://jamesnames.com/2021/07/abdulbasit-makrani/
Thank you brother for the great info!
I’m happy that you liked it and that’s the main purpose to share the knowledge I’ve gathered working in this business.
Thank you!
Great share sir!
I’m happy that you liked it Harmandeep bhai and thanks for sharing elsewhere.
Thank you for sharing,
When you want to sell domains you are interested in knowing the commissions that you will have to pay after a domain sale
Afternic in one of the highest very similar to Sedo, it is understandable that the higher the sales figure, the less commission, what I find pathetic is that for a sale of $1000 it is not $90 to pay as in Dan.com, in Afternic the loss is $200 It is $110 in comparison.
Yeah, Dan commission is pretty low but I never get to understand using them because they don’t have strong network or the awareness among endusers like GoDaddy.
unlike Sedo, the disadvantage of Afternic is that it cannot count the number of visits to each Domain. How do you solve this?
Oh yeah that’s an issue with Afternic as the report doesn’t shows the domain visits and geographic location/IP address.
What matters the most to me is the sales which are happening through them on regular basis and I’m happy using their service considering they’ve some other flaws as well like late payouts, reports cannot be downloaded from the account itself, renaming and deleting the payout methods, etc. for which I’ve already published a post in this regard which you may want to check it out – https://www.abdulbasit.com/domaining/suggestions-for-afternic
Thanks for the info
Glad you like it 🙂