Posts Tagged ‘Five figure domain sale’

Afternic experiment of June 2020

Hi everyone,

As the first half of this year is completed, there were some major things happening all around the world. While reviewing my business, I can clearly say that I’d the one of the best 6 months of my domain investing career.

Today I’m very happy to share the results of June 2020 which I was eagerly waiting for the report to arrive so I can share with you all.

This is the sixth post of the Afternic experiment series after I published January, February, March, April and May results which I’m hopeful that you’ll find it interesting. Although I’d initially planned to give Afternic landers a try for 6 months period which has already ended but I’ve extended the time period of using them on long term basis with the results I’ve achieved so far using their services.

In May 2020, I mentioned that there was no sale for the first 9 days and it was more longer break in the month of June of 11 days. So on 12th day I’d my first sale of the month in the shape of MarketGrid.com for $5,000. I’d put up BIN of $5,888 but after going back and forth with the buyer, it was eventually sold for that price. This was sold via Afternic lander.

Next sale was mind blowing one and the biggest BIN sale of my life. That domain was AutoFun.com which sold for $50,000. This was purchased directly via GoDaddy.com search. One of the best sale I’ve ever had.

Third sale was ToothBar.com for $6,888. This too sold via GoDaddy search. Then there was another sale of TinaChen.com for $1,988. Sold via Afternic partner registrar.

One more sale happened which I really like it – ww.biz for $4,888 via GoDaddy search. In total I’ve 4 more .biz domains.

GmTransport.com was then sold for $4,888 via Afternic lander. And the month ended up with the sale of 40hz.com for $2,888. This too sold via GoDaddy search.

Overall the cost of those domains were under $5,000 and total sale amount was $76,540. Also in May there were some 650 inquiries whereas in June, it was a little less than 600. Bit surprising because I had added some 60+ domains in the last month.

On the other hand, I’m happy to share the sales of couple of my friends.

@JudgeMind, an experienced domain investor sold some domains via Afternic which are shared below:

Dexwise.com for $1,299
Bjx.io sold for $239
ApplePie.org for $299
ReactionCapital.com for $2,500

Another fellow domain investor, Muhammad Aamir from DotCorner was happy to share his Afternic sales of June.

KingMusic.com sold for $6,000
SharkGirl.com for $3,000
PDFKit.com for $5,500
StarFilms.com for $7,500
Bisma.com for $6,500
ThunderPay.com for $3,500

Only PDFKit.com was acquired in 2017. All others were acquired in 2002-2003 period at $8 reg fees.

I tell you, those were good old days when you could hand register plenty of great domains like Aamir did. But it doesn’t mean it was too simple. One have to have the vision, knowledge and patience which is now paying off well for this fellow investor.

I appreciate both JudgeMind and Aamir for sharing their sales and if anyone would like to add their Afternic sales in future, feel free to let me know.

I would like to give due credit to my Afternic rep and brokers, I very much appreciate their hard work and dedication they put in for making all these sales to happen.

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

Five Figure Domain Sales right after relocating to Malaysia!

Hello and Assalamo Alaikum,

It’s been just couple of weeks coming to Malaysia and right after relocating, I sold couple of domains and that too within 24 hours. It was really surprising and very satisfying to have 2 domain sales and that too of five figures! Having couple of five figures that quickly is a personal record. Credit to the hard working brokers and Afternic team.

Both of them happened via Afternic.

First sale was of DarkWallet.com which I originally listed for sale at $29,888 BIN both at Sedo and Afternic. Usually all my pricing is same at every marketplace. The buyer came via Afternic broker and initially offered $20,000. However, after going back and forth, we settled for $25,000 gross.

Next sale was definitely surprising which happened after DarkWallet.com sale where the buyer simply hit the BIN and paid $19,888 for it. The domain was BusinessChecking.com

The total acquisition costs for both domains was around $1,000.

Looks like the start of this new journey of moving to Malaysia has started fantastically well and hope it continues to keep ticking up only.

Feel free to comment no matter how good or good that is 😉

First five figure sale of 2019

Hello and Assalamo Alaikum,

It’s been long time since I reported my last five figure sale but it looks like the time has come which is the beginning of this year.

The inquiry came in mid October 2018 via Sedo broker Albert Schimmel looking domain for his client with budget in high 4 figures. Since my domain was listed with an asking price of $28,888 so there seems to be big gap. Since buyer’s identity is not disclosed until the sale is completed so you never know if there is any room for buyer to be flexible and come up close to asking price or even accept the BIN.

I responded by giving hint on having some flexibility if the buyer comes close to BIN. After going back and forth with broker in a period of one month, he said the lead is “pretty much dead”. After hearing such words from the broker, I realized the buyer don’t have the budget and will go for other option so I just thought to forget it….

And I really forgot it as well until last week…. when I suddenly received email from same broker after almost 3 months by saying he thinks of getting the buyer to offer $22,000 NET or may be a bit higher.

Now that was pretty much sale going to happen from a pretty much dead lead. Also it was quite close to asking price.

I accepted the offer but asked him to give a try of getting anything above that level but anyways of accepting this in case the buyer makes no move from this amount. I totally left on the sincerity of Albert who I believe gave his best all the way handling this deal and got the buyer to pay $22,500 NET which I suppose makes it $26,470 GROSS for the domain LiftLab.com. Correct me if I’m wrong.

Surprisingly the payment arrived in Sedo’s escrow account the very next day of initiating the transaction. And within next 24 hours, the domain transfer was completed and funds were released!

Thanks to Albert and Sedo team for making the deal so smooth.

Feel free to share your recent domain sale(s) with any detail if you like to.

Third consecutive domain sale of five figures this year

 

Hello and Assalamo Alaikum,

I feel this year is going great ALHUMDULLILAH in terms of sale prices. As my new year started with five figure sale. Then there was another five fig sale last month for which I was unable to disclose the detail. However, this month I closed another five figure sale but this time I am able to share the details with you.

Coming to the point, the domain in question is Mawad.com which I sold for $11,500 through DomainNameSales.com and Escrow.com. I think this was the fastest wire received for any of my transaction so far as it was received and approved within few hours! Thanks to Escrow.com for everything.

Third-consecutive-domain-sale-of-five-figures-this-yearThe moment I asked buyer to make an offer, his response was that this domain was required for student project. Immediately I thought it wasn’t going to work and we couldn’t proceed further. But as always I reply to all inquiries no matter if it looks serious or not. You never know when and which lead will turn into successful sale.

I asked 15k. Now you must be thinking that I normally don’t throw away asking price first but considering poor student and mark it as imcomplete sale quickly I just asked this price. Although I have quoted the same price in past to others as well.

He countered with $7.5k which was reasonable to start off negotiation. I asked him to come closer to my asking price if he is seriously willing to buy it. Next offer was 10k. I told him that I received 10.5k offer in past and it was true as I don’t like in trying to work out a deal. Next was 11k and finally we agreed upon 11.5k.

Buyer was quick enough in closing the deal and everything went smooth as we planned. I am very much satisfied in having all these sales but the number of domains sold so far aren’t as impressive as I planned to do so.

What are your thoughts on this recent sale? Care to share yours?

New Year starts with a Five Figure Sale

New-Year-starts-with-a-Five-Figure-SaleHello and Assalamo Alaikum,

As mentioned earlier about what my goals for 2015, one of which is to sell 20-24 domains so let’s make this sale as first for this year and I am happy to announce it’s a decent one to start off this new year.

Initially buyer contacted in November 2014 through DomainNameSales.com platform where 99% of my domains are parked and starting offer was $1,500 for BMGL.com. I asked them to make an offer in five figs for consideration. Shortly I received message from the guy saying we cannot make an offer in five figures for your domain.

Couple of weeks later, another guy from the same company contacted directly through WHOIS and offered $8,000 which showed seriousness and willingness to buy this domain. I countered with $25,000.

Next came their final offer of $11,000 and clearly told me that they have alternative options available and cannot offer anything higher than that due to non-approval from senior management.

I gave them some hindsight about the past sales of some five fig LLLL.com to educate about the current market and value of these domain names and also reduced my ask price to $22,000. Than there was a silence…..

After a fortnight, I forwarded the DNS lead to Jessica Ebanks who is one of the best domain brokers I have ever worked with and gave her all the info about the buyer I have researched so far and about the communications we initially had.

It was interesting to see the buyer who was really professional in handing this deal at his end as well and once again started his offer with $1,500. As Jessica approached her frequently and out of the blue they offered $15,000 with no room left to up their offer. At that point, it looked that would be their max offer but I already knew who the buyer is and how deep pockets they had 😉

Later Jessica gave some phone calls and buyer came and asked if Escrow fee, broker’s commission and all other associated fees will be paid by the buyer and I gleefully accepted. She explained the guy that only wire fee will have to paid at their end along with the agreed price of $25,000 for BMGL.com.

Guess what’s next? The domain was sold at the price I initially asked for 🙂

Thanks to ALLAH Almighty for helping in achieving this sale successfully, the wonderful DNS platform, Jessica Ebanks and I can never forget Escrow.com who deserves great applause for handling it so smoothly and it was the fastest funds received I have ever seen from outside U.S to Escrow as the buyer was from Japan. Funds were secured by Escrow.com with 9 hours of buyer selecting wire option. I wish the buyer all the success with their new acquisition.

Feel free to share your feedback and have you made any sales since the start of this year?