Great new feature at Afternic

Hello everyone,

As I was going through a post of Elliot Silver which was actually talking about DAN on payout preference and I ran into similar issue at Afternic last month when there were total 9 sales and several of them happened simultaneously. The problem started when I wanted some of the sales proceed through different channels like wire and PayPal. And since 2-3 sales proceed was supposed to be released at once, I’d no choice but to let it come via one specific payout method.

This month I come across a new feature at Afternic which is great especially for frequent domain sellers who’ve multiple payouts happening on regular basis.

Usually we all setup our payout method here under “Domain Sale Payments from Afternic” and can add multiple payout methods but when you’ve several payments coming on your way, you usually had no option but to receive through one channel.

But I noticed last week when Afternic added an option in every SALE. Below is the screenshot I’ve attached for you to check out. Click each of them to enlarge it.

Just under Non-US, Payout Information, you’ll see “edit”. Click on that link and this will pop-up which is in the below screenshot:

In the above snapshot, you can see I’ve several payout methods already added at Afternic and I can change it to whichever payout method I want to select. Even though the default payout method is selected which will always be chosen when you don’t change to any other method. But if you opt to change for any specific sale, you can easily do that from now on wards.

I received couple of payments when I tried this new feature and I wanted to share after I’ve experienced it. I really like this new addition of Afternic and it was a must needed.

Feel free to give your feedback about this feature and share your experience whenever possible.

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 😉

Afternic experiment of May 2020

Hi everyone,

This is the fifth post of the Afternic experiment series after I published January, February, March and April results which I’m hopeful that some of my readers find it interesting.

It was really a roller coaster ride for the last month. For the first 9 days, I’d NO sale but I was confident of having at least a few before the month ends.

The 10th day, I’d my first sale in the shape of Bautagebuch.com which sold for $1,988 via Reseller partner. That’s when things started to change and ended May with 9 sales via Afternic. Seems there is some coincidence that for the first 9 days there was no sale and in the entire month, I sold 9 domains altogether. One more domain was sold via Reseller partner AllSan.com for $1,988.

There were 3 domains altogether which sold via GoDaddy cart:

LemonSoul.com for $3,988.
3Fit.com for $6,888.
ConnectFit.com for $6,888.

There were 4 sales via Afternic cart which many times include negotiation before the sale strikes.

Luxium.com for $7,500 – I believe of selling this domain for lower price just in order to keep the cash flow coming. Not because who the buyer is, as that never really matters to me. I always valuate according to my valuations. I’d a BIN of $9,888 on this domain but eventually sold for the above price after the broker gave his best.

RiverDelta.com – This was another smooth sale with a BIN of $6,888.

RtElectric.com – I’d a BIN of $3,988. Broker came in and presented an offer of $2,392. Strange amount but may be it was a round figure in a different currency. After pushing the buyer to revise his offer, the best and final offer was $3,000 which I’d thought of accepting the minimum as well. And the deal got strike on this one!

WFH.CO – The biggest individual sale of this month for me via Afternic for $9,888. I must admit of forgetting to update the price on this domain and selling it very cheaply. As WFH (Work From Home, Working From Home) term has got super hot these days and I forgot of having such valuable domain sitting in my portfolio.

I came to know when the offer came in where the buyer originally offered $2,500 and then $3,500, $5,500 and finally $6,500 and I was presented the $6,500 on 27th May and I remained firm on $9,888 and also said this BIN is valid until the end of May and I’ll increase the price significantly after that.

In next 48 hours, the domain was sold and buyer got a great deal here. Although I’m very happy with each and every sale but and not shedding tears on this one. But the purpose of sharing all this detail on this specific domain sale is to keep ourselves updated as much as possible and adapt to the change.

Above 9 domain acquisition cost was just under $2,000. Total sale amount was whopping $49,016‬. One of the best thing in last month was there were a good number of domains sold. Another thing was with no 5 figure sale, still the total amount of sales was almost 50K!

After trying Afternic landers for the last 5 months, I can clearly say that their landers are performing very well compare to Uniregistry landers. Also with Fast Transfers enabled for Uniregistry domains, I’m seeing better results for my portfolio. As you can see above, 2 domains were sold via Reseller registrar of Afternic. Also 4 domains via Afternic cart which means their brokers are efficiently working to strike the deal. Overall, I’m satisfied with results. But this doesn’t mean Uniregistry landers or their brokers aren’t good. They’re absolutely one of the best brokers I’ve ever worked with.

On the other hand, I received a little over 650 inquiries in total last month whereas in April I got almost 600 inquiries. This include multiple inquiries for the same domain(s).

Feel free to give your feedback and if you like to add your experience with Afternic, feel free to share. Also you may contact me directly if you like your results to be published in my next report post.

Afternic experiment of April 2020

Hello everyone,

This is the fourth post of the Afternic experiment series after I published January, February and March results which I’m hopeful that some of my readers find it interesting.

Had total 5 sales via Afternic with total $17,826 Gross sales. I consider this a good month but at least couple of things were missing. First, there was no big sale like high 4 figures or any of 5 figures. Secondly, almost no offers came in this month which usually comes via Afternic broker.

Some of the highlights of April 2020 are as below:

There were once again very close to 600 inquiries which includes the inquiries on repeating domains as well. this time I just reached a little over 3,750 domains right at the end of April. This is to note that this was one of the slowest month in terms of acquiring domains.

2 out of 5 sales happened via Afternic cart which includes Cygnini.com for $6,000 and Rebourne.com for 5,000.

AssureRx.com sold for $2,988 and NarrativeContent.com for $950. Both these happened via GoDaddy.

Only one happened via Afternic partner registrar which was Communicator.org sold for $2,888.

Holding period of the above sold domains was from 1 to 6 years. Altogether acquisition cost for these 5 domains was under $800.

On the other hand, one of my fellow domainer friend whom I’m sure many of you know with the name of @JudgeMind at NamePros who shared his sales of April and with his permission I’m going to share it below for you guys:

Nosepod.com $299
Lumos.ca $899
Aircans.com $799

Although he had a decent last month where he sold a lot more domains in total but not that many via Afternic. Above 3 domain acquisition cost was $38 only!

Feel free to give your feedback and if you like to add your experience with Afternic, feel free to share. Also you may contact me directly if you like your results to be published in my next report post.

Afternic experiment of March 2020

Hello everyone,

This is the third post of the Afternic experiment series after I published January and February results which I’m hopeful that some of my readers find it interesting.

It was a bright start of March with 4 sales in first 15 days and the remaining 16 days went totally silent which was not very surprising because of the situation globally due to Covid pandemic.

Some of the highlights of March 2020 are as below:

There were once again very close to 550 inquiries which includes the inquiries on repeating domains as well. this time I just reached 3,700 domains right at the end of March.

As said earlier, I’d 4 sales and all that happened in the first half of March. 3 out of 4 sales happened via GoDaddy which includes Kword.com for $3,888, GoDragonfly.com for $3,988 and EastEight.com for $8,888. Only one happened via Afternic sales lander which was U-6.com sold for $1,888.

Kword.com acquired more than 5 years back. GoDragonfly.com acquired almost 2 years ago. EastEight.com also almost 2 years back and U-6.com more than 5 years before. Altogether acquisition cost for these 4 domains was under $500.

Considering the Covid pandamic haunting globally, I see the number of sales and total amount is decent.

Feel free to give your feedback and if you like to add your experience with Afternic, feel free to share. Also you may contact me directly if you like your results to be published in my next report post.