How many inquiries do you receive per month for your domains?

Posted by AbdulBasit Makrani on January 27th, 2013 0 Comment

how many domain inquiriesThis is really one of the exciting question for every domainer. Everyone loves to receive inquiries and would like to end it successfully by completing the deal. Although most of the inquiries doesn’t go well. The main reason I have found is the inquirer never gets back to you after the initial email he has sent you. There can be many reasons for not sending second email.

The number of domain inquiries can vary from the number of domains and quality of domains. It’s the combination of both together. If one domainer has 1000 crappy domains and receives 5 inquiries per month compare to a guy who has 100 domains with same number of domain inquiries shows the difference. The guy with 100 domain is doing better in terms of receiving inquiries.

Currently I own roughly 200 domains and receive 15 inquiries on average per month. On one side I am reducing the number of domains and constantly drop them and the other side I am trying to focus only on quality .com domains which has increased the number of inquiries for me in the past few months.

It’s a different story how many inquiries do get converted into successful sales. That depends on the potential buyer and seller whether he motivated enough to sell or want to hold and get the premium price for his domain.

Any one would like to share how many inquiries you receive on your domains every month on average? And how many domains do you own altogether?

Posted in Domaining Tags: , ,

I just sold another .net domain name for US$2,000

Posted by AbdulBasit Makrani on January 24th, 2013 6 Comment

.net domain sale for US$2,000, sold .net domain name, another .net domain sale

If you check this week’s DnJournal sales chart you will see one more successful sale of .net domain (Amazonia dot net) for US$2,000. It wasn’t a big deal though but still good considering it was a .net domain.

The buyer contacted me directly. Must have got my ID through WHOIS. Their initial offer was US$150. I countered with 3k. Than came 1.5k offer and finally we agreed at 2k.

I strongly suggest those domain owners who simply reject and never respond to lowball offers. It’s always good to communicate with the potential buyer. You can also try to educate them if they have no idea about the current domain market. They may have budget so you should at least reply to their query once.

I know most of the time we don’t get response back after the initial email from the potential buyer so that’s different story. We guys also receive lot of spam and I am sure many of the domain owners can differentiate which is legitimate inquiry compare to the spam one.

Any one like to give feedback on my sale? Would you like to share your latest sales?

Posted in Domaining, Domain Sales Tags: , , ,

Worst domain backordering companies

Posted by AbdulBasit Makrani on January 23rd, 2013 1 Comment

We have seen many people talking about the best domain backordering companies but today I would like to share and discuss about the worst companies out there.

I have been backordering domains since many years and I found two companies which are worthless giving any top level domain backorder like .com/.net/.org. Those two companies are GoDaddy.com and DomainMonster.com

worst-domain-backordering-companies

If you ask me which one I would rate the worst among these two than I would select GoDaddy because in comparison to both of them I found DomainMonster.com better. They have caught several .cc domains for me in the past but they are no longer good at catching those domains as well. GoDaddy have never caught any good .com/.net domain for me. I currently have 1 backorder credit with them which I am unable to use it for at least two years because they are never catching the domain of my caliber.

In my experience GoDaddy are able to catch only those domains which are not backordered at any place and can only beat hand registration. I have read somewhere on internet where a guy said he backordered with GoDaddy and they were unable to catch for him. Surprisingly, he was able to hand register it! Isn’t that shocking and frustrating. I also don’t like their system where we have to pay in advance and buy backorder credit and have to use it even though they don’t catch any good domain for you. I don’t think they give refund for this backorder credit after a long time.

As far as DomainMonster is concerned I have given .com/.net backorder and they have 100% failure track record of catching of these domains if that domain is backordered at some other place. I have talked with them regarding this matter in 2010 and got the following response:

“We are working to improve our snap app for .com domains, however this isnt something we can design, build, test and implement over night. We have several projects going in tandem presently, and we take the feedback on board as I said, and do whatever we can. We are aware that it has room for improvement, and when we are able to broadcast any improvements we will do so accordingly.”

More than two years have passed but I never saw any improvement in their system for catching any good .com/.net domains. I admit they were good at catching .cc domains in the past and I have got some decent domains through them but after a year or so they are beaten comprehensively by other registrars like 1API and Name.com in catching .cc/.tv domains.

I am not targeting specifically only at these two registrars but the thing is I have experienced with them very badly only with their backordering system. Although I have kept most of my domains with these two registrars because of their great pricing and top customer support.

I am sure there will be many more bad experiences and would love to hear from you guys which will help every other person to stay alert in future. Care to share with everyone?

Posted in Domaining, Domain Investing Tags: , , , ,

Verify email address of the domain owner to see if it’s valid or not

Posted by AbdulBasit Makrani on January 21st, 2013 11 Comment

verify email address

I use this tool when I need to acquire a domain but from a drop and not by contacting the end-user. This gives me an edge and peace to know whether the email is valid or not. In case, the email ID is invalid, I can assure myself that there are more chances of getting this domain drop and I can work accordingly. There are several benefits of having the email address invalid. One of the top is the domain will most likely be dropped. Secondly, no other potential buyer would be able to contact him through email because it would bounce back. I know there are several other ways to get in touch with the current owner of the domain but many don’t do.

Although I have seen many domains getting renewed even their email addresses are invalid. Not sure how they are able to track their domains when their email ID is not working. Some don’t even bother to change the ID even after logging to their account and renewing the domains.

I have checked thousands of email addresses through this tool and is really great. Only on few occasion it gives the wrong answer. You can determine that by checking that email ID twice or thrice and see what the result is.

This tool is also helpful when you are confused whether to contact the current owner of the domain just to know if the email address is valid or not. Sometimes you just want to see if the ID is working one. I personally feel good to know the ID is invalid so there will be more chances to get the domain dropped and most of the potential buyer would not be able to contact when the email will bounce back to them.

There are some negative aspects with having invalid ID as well. One is that I cannot get in touch through email and make this deal privately before the domain drops. The other is domain will go into auction where I will have to fight with many bidders and end up paying lot more than I would have paid dealing privately.

Do you find this tool helpful? Would you like to share anything similar?

Posted in Domaining Tags: , ,

Escrow.com review – Top notch escrow service on internet

Posted by AbdulBasit Makrani on January 18th, 2013 1 Comment

2012 was a great year as I successfully sold several domains and hopeful to sell more in 2013 as compare to the previous year. I have been using one and only escrow service for buying and selling domains. No doubt that is the best company on internet – Escrow.com

Escrow.com review, best escrow service, domain escrow service

If you are willing to buy/sell domains simply use this escrow service. Their charges are very nominal and customer support is just excellent. At times I need to call their support via phone and most of the time my transaction is processed much faster. In the last transaction which was recently completed, I called them so they can start the inspection period because I wasn’t getting any response from the buyer. Escrow did immediately and a day later my payment was released.

They even hold your payments if you like to do it. Simply send them an email with your transaction detail and inform them to hold your payment until you say so. I did it because at the same time I was completing 2 transactions and I requested them to hold my payment. Once both were completed my payment was released. I opt for check option so I would need to check post box twice which was far away from my workplace 😉 That’s why I chose to receive both payments together.

Recently I have changed my payment option to International Wire Transfer which I think is the best one who doesn’t lives in U.S. Normally it takes 2-3 business days to receive wire payment but for that Escrow.com charge me US$40 which is really fair. The check I used to receive was free of cost but it took 15 days to receive and next 40 days for clearance which was too much. Instead I am very happy to pay US$40 and receive the payment swiftly.

I would like to say big thanks to Escrow by saying what’s in my heart for them. I have been using Escrow.com for several years and proud to say you are the best escrow service provider. All my transactions were handled by your team professionally and swiftly. I definitely recommend every domainer to use Escrow.com who would like to buy/sell domain names.

I thank you for your all time support and cooperation.

Posted in Domaining Tags: , ,


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