From $69 purchase to a $19,888 sale

Hello everyone,

Many are aware of the ex-registrar Pheenix.com which was at one time a good registrar as well as good at catching dropping domains.

In 2017, I won a backordered domain TEZ.CO via Pheenix.com for $69 with no other bidders. Last week this domain was sold for BIN price via Sedo.com for $19,888.

My suggestion is to always list all your domains at Sedo with a BIN price. Although all of my domains are using Afternic ns3/ns4 landers, I still list all domains with Sedo just to have an additional sale occasionally.

This is the first sale via Sedo this year and the highest .CO sale to date for my portfolio.

Thanks to Sedo for making this transaction smooth and keeping me updated as there was some delay in making the payment from the buyer.

Feel free to share your recent sale(s) if you have any.

My multiple experiences with DaaZ.com

Hello everyone,

Like I always share my personal experiences using any domain related products/services, this time I wanted to share about DaaZ. I’ve used their external escrow services for several transactions and overall it’s been a fantastic experience.

On every occasion, I was on the buy side. They were super quick in account verification which surprised me. At one stage the seller was even surprised to see the sale was swiftly handled where the seller received the payment within 1.5 hours of the domain being transferred to me. This has never happened while using Escrow.com, Sedo.com, Afternic.com or any other company who verifies the payment, domain transfer verification and releases the payment so quickly!

I would like to thank the entire DaaZ team for handling the transactions very well. Yes, there was a little mishandling in one transaction by DaaZ which was rectified in the next transaction and I’m sure they’ll keep improving their services.

I would also like to bring their attention into one thing which is their external escrow commission which currently stands at 5%. On the other hand, Sedo charges 3%, EscrowDomains.com 3.25% and Escrow.com charges 3.25% which keeps lowering as the sales amount gets higher at both last couple of escrow services mentioned.

If DaaZ can reduce their external escrow fees, that would be more catchy and attractive to use their services in the future.

Thank you DaaZ for handling all the transactions smoothly and wish you guys all the best!

As always I would love to hear the feedback from my readers who’ve used DaaZ in the past.

From $20,000 offer to a $75,000 domain sale

Hello everyone,

It’s been quite some time since I’ve shared any domain sale so I thought to share it with you all and start this year’s first post with a bang. It was in late December 2021 when I received an offer of $20,000 for one of my domains SMKT.com through Afternic. This domain had a BIN of $75,000. Before I give any further details about this sale, I want to give the due credit especially to the broker who handled this deal as well as my Afternic manager. It’s not at all easy to educate and convince the buyer to buy the domain at such a high level of BIN price.

So coming back to the sale, the buyer revised their offer to $35,000 but the broker somehow convinced them to buy at the full BIN price of $75,000. This was a remarkable sale and I sincerely appreciate the top notch work done by the Afternic team who was involved in making this great sale happen. It took 6 days from the time I was informed about the $20,000 offer to the sale email I received from Afternic!

By the way, this may look like a random 4 letter domain but SMKT combination can be used for Supermarket, Sales and Marketing, Smart Marketing, etc. Also this domain was acquired more than 7 years back so one can see how long sometimes we need to wait for the reward of this level.

Overall, I’ve had a fantastic last year which was another record breaking one than 2020. The last year ended with just a little over 6,300 domains in my portfolio and 120+ domain sales in total.

Feel free to share your last year ending sale(s) and your feedback on the 4L sale is welcome!

Best and worst emails you receive?

Hello everyone,

Today I wanted to share my experience in regards to receiving the best and the worst emails I receive. It’s a bit of fun to share mine and to know from you all as well.

So let me start with the best email which is always when a domain is sold through BIN via any platform like Afternic and Sedo. The inquiry or the offer emails do make me happy as well but the best moment is to receive an email when a domain is sold.

And the worst email is to receive from WIPO when someone files a UDRP on one of our domains. This not only wastes the money but puts the domain at risk of losing it as well.

To date, there have been 6 UDRPs filed on our domains and we’ve successfully defended 4 UDRPs and will definitely vigorously defend all our virtual assets in the future. Anyone interested in checking them can look out here.

So according to you, what’s the best and worst emails you receive?

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 😉