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information CoinMena.com sold $25,000 - No commission/brokers/fees - sold by WhoaDomain.com

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CoinMena.com Coin "Middle East North Africa"

Ok I can finally announce the sale of CoinMena.com. No NDA but I agreed not to mention who bought the domain even though a quick check is easy enough. The buyer would like to remain anonymous but does not mind the publicity from the sale of CoinMena.com.

Sorry guys. Don't take this photo seriously. It's for shock value not show off value and perhaps for exposure. Just goofin off. Check out that huge melon! (unfortunately empty!) lol

IMG_20190718_182030.jpg


So this makes CoinMena.com at $25,000 the 5th largest domain sale for a domain beginning with keyword "Coin" and highest domain sale for a domain ending with "Mena". MENA stands for Middle East North Africa.

I wish the buyer the best. Met him in person in NYC. Had lunch with buyer at Veselka's, my treat.

Side Note: The buyer told me that the broker they hired to get CoinMena.com for them told them that at most CoinMena.com should cost only $25,000. Buyer told me that Broker offered $8,000+ to me which the broker did and that the broker planned to sell it to them for $25,000. Buyer did not like this arrangement he told me and decided to buy from me directly since we were already in contact prior to the broker being brought in. I really did not understand why they felt the need to bring a broker into the mix.

If it can be avoided, I really would rather not deal with a broker.

Although that's what I did with my last sale PaladinDrones.com.

When brokers contact me, as a rule I ignore, but in this case I said "why not?"

I have no issue with the broker in this case. I'd probably do the same and try to flip a domain for quick profit.

I hope giving this info will help other domainers make the right decision.

I had asked for a ridiculous price of $250,000 so I guess $25,000 was a relief to them.

First we were warned that today. Godaddy users were experiencing issues with transferring domains via Godaddy Push but not external transfers. Supposedly when you do a transfer. The Transfer Button is not made available. But we did not experience that. What we did experience was that the buyer did not receive transfer confirmation email after I had accepted the whois info change update.

The transaction took long because there was an issue pushing the domain from one Godaddy account to another Godaddy account. Had to cancel transfer. Then there was an "error". So ended up transferring to Google Domains.

In which case, Godaddy rep warned me that Google Domains an "experiment" that was being phased out. and the transfer might end up in limbo. I don't know what he was talking about as the transfer went off without a hitch over to Google. Buyer said Godaddy rep was just scaring us into doing the Godaddy push to keep the domain with Godaddy.

Domain Price Date Venue
coin.org 75,000 USD 2014-11-12 DomainGuardians
coinnews.com 27,500 USD 2014-04-16 Uniregistry
coin.store 26,705 USD 2018-08-05 Alibaba
coinbag.com 26,000 USD 2018-02-05 Uniregistry
coinlink.com 22,000 USD 2018-02-26 Sedo
coinbook.com 20,000 USD 2017-08-31 Uniregistry
coinking.com 14,190 USD 2018-04-11 Sedo
coinance.com 12,500 USD 2019-01-31 Sedo
cointax.com 12,200 USD 2017-02-20 Sedo
coinrank.com 12,000 USD 2018-03-20 Uniregistry


Domain Price Date Venue
imena.com 19,000 USD 2012-05-31 GoDaddy
alphamena.com 7,350 USD 2019-01-21 Sedo
camena.ru 3,429 USD 2014-10-15 Sedo
smena.com 3,205 USD 2007-04-17 Sedo
promena.com 2,200 USD 2017-05-15 DropCatch
camena.net 1,350 USD 2014-09-24 Sedo
paranormalphenomena.com 1,000 USD 2011-04-23 Sedo
semena.com 795 USD 2010-04-19 Sedo
wolnadomena.info 685 USD 2008-02-18 GoDaddy
dobra-stara-vremena.com 648 USD 2012-11-25 GoDaddy

It's not the 6 figures I always go for but it's a good start in my liquidation this year.

I have more "Coin" and "MENA" domains if anyone is interested. Next one I'm working on I am going for 6 figures for updates follow me on here.

I hope this sale helps others with their keywords.

I hope this sale gains me some exposure for my other domains.

I also hope people will think twice before sending me $100 offers for my domains.

I also hope this Cashier's check clears tomorrow or else I'll have egg on my face.

Anyone know if I can submit this sale with Namebio without providing info on the buyer?

Good luck to everyone else on their future deals!


Edit: Forgot to mention. Prior to meeting buyer.I was late to the meeting because I stepped in dog poop. ( at least I hope it was dog poop although I looked "human" lol) Had to throw out my sneakers and buy flip flops.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Oh and the sneaks? A pair of Yeezy's! ( Yea that's right 46 year old in midlife crisis!) So yea. My sale was actually $24,750 lol. Only in NYC will you step in human poo. Well...
Maybe San Francisco!

some people say stepping into dog poop brings good luck....
obviously true

:barefoot:
 
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Lol. See what really blows my mind is that the broker's client was told this "plan" of $8,000 buy and then sell to them at $25,000?

That's pretty ballzy.

Or maybe that's how it's done so can't really hate on the broker? I mean I sold PaladinDrones.com to a broker for $7,500 despite my no broker rules I always believed the broker was the actual buyer and there was no client because if it was a domainer hiring a broker? I just don't see that happening as cheap as we domainers are. We'd rather skip a broker and reach out direct.

I sold it because the CEO of PaladinDrones.io told me he wasn't interested and requested to be removed from my mailing list. So ok $7,500 for a domain whose enduser I can't ever email again?

Umm SOLD!🤣

But to tell the client "yea the domain is worth only $25,000. I'll buy it for $8,000 out of pocket from me and you pay me $25,000."

Has any other broker made a sales pitch like this to a client? I guess I can see how it's standard MO? I guess as a client I'd appreciate the broker being confident in securing the domain for $8,000 that I'd pay $25,000?

There would have to be an agreement of course.

But I guess the buyer liked me more since we're connected on LinkedIn and wanted me to get all the money. This is why I treated to lunch while waiting with him to transfer CoinMena.com.

Can anyone from GoDaddy confirm a few things?

1. Was there an issue with domain push yesterday at GD?
2. Is there an issue with transferring domains to Google domains?

@Joe Styler

Let's not dwell on the broker. It's probably just me not knowing much about what broker's do on the regular.

As a seller you always have options. I choose no broker.
Domain push system is buggy for everyone.

Here is that thing, 99% of namepros people would have jumped on the sell button had a broker emailed them $8k on this, from your past comments, it seems like you like that $25k counter. Others here wouldn’t have been so lucky, as they would have jumped to extract $8k on a 2017 registration. There is nothing to define the difference in price on this name at $8k, or $25k outside of who wanted it, and who owned it, and how much they thought it was worth. There will be plenty of people here happy to get $2.5k for it. It is just one of those things, nobody can really define if, other than how badly the buyer wants it, and how much they can afford to spend. In this case it all worked out, but in other hands I don’t think they would have got this price.

Sure we can appreciate someone’s hustle, but you have to be fair, and when a client is offering $25k, and you offer the owner $8k, and plan to pocket $17k, the buyer/seller are both getting hustled. I mean worst case scenario split it down the middle. If I know a broker is sniffing around, usually a bigger fish behind them, best to be coy, or ignore, and the other party if aggressive enough will step up their game. To be honest most people would have rather closed via broker route, and not wanted to engage the owner directly. A lot of fundamentals are out of line with this transaction, but for the betterment of yourself, so it all worked out.

So for all these people here who would have jumped at the $8k, it would be great info to see what broker is hustling the poor domainers out there. You know from your inquiries how hard it is to hit a deal like this, and actually get paid on it. It takes a lot of you want how much, your crazy, etc type emails to come across this kind of sale, even for aged portfolio owners.
 
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Awesome sale. :)
 
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Nice story and amazing sale - congrats! (y)
 
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Lol naah. No initials. Not my style. Yea I'm thinking of starting a forum using Discourse and a ***"hub.com clone. Forums will be VRAR related and crypto.

Also going to invest in getting paid access to data to help me with my next domain auctions. Like ahref and majestic and semrush maybe develop mini rss feed affiliate sites.

So your style is to help keep a snake hidden and to potentially have other domainers get screwed over when you could have helped them avoid it. Nice style.
 
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So your style is to help keep a snake hidden and to potentially have other domainers get screwed over when you could have helped them avoid it. Nice style.
This seller has a massive portfolio of dead weight renewals they carry, this kind of money covers about 3K domains for a year, I kind of think he is scared to name the broker, as he will get blowback from the broker for it.
 
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I tend to agree with the seller and not to publically out the broker.

Let's face it, that kind of dealing is not criminal.

I would say that it's a lesson to price your domains where you are comfortable so it is a non issue.

This business is all about making more than the last guy. Valuable domain owners are constantly offered deals where, if they sell, the next guy can make 5x, 10x, 100x what they paid.

It's the world we live in.
 
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I created a "mena" showcase thread in honor of your sale. :)
 
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I tend to agree with the seller and not to publically out the broker.

Let's face it, that kind of dealing is not criminal.

I would say that it's a lesson to price your domains where you are comfortable so it is a non issue.

This business is all about making more than the last guy. Valuable domain owners are constantly offered deals where, if they sell, the next guy can make 5x, 10x, 100x what they paid.

It's the world we live in.

It's not a broker at that point. A broker by definition brokers a deal and gets a predetermined commission. This action is more akin to front running, and the broker is not doing it against a big auction house, he's doing it against you, and you, and you, and you. You think it is right that the broker was trying to take $17k out of this man's pocket?
 
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CoinMena.com Coin "Middle East North Africa"

Ok I can finally announce the sale of CoinMena.com. No NDA but I agreed not to mention who bought the domain even though a quick check is easy enough. The buyer would like to remain anonymous but does not mind the publicity from the sale of CoinMena.com.

Sorry guys. Don't take this photo seriously. It's for shock value not show off value and perhaps for exposure. Just goofin off. Check out that huge melon! (unfortunately empty!) lol

Show attachment 123975

So this makes CoinMena.com at $25,000 the 5th largest domain sale for a domain beginning with keyword "Coin" and highest domain sale for a domain ending with "Mena". MENA stands for Middle East North Africa.

I wish the buyer the best. Met him in person in NYC. Had lunch with buyer at Veselka's, my treat.

Side Note: The buyer told me that the broker they hired to get CoinMena.com for them told them that at most CoinMena.com should cost only $25,000. Buyer told me that Broker offered $8,000+ to me which the broker did and that the broker planned to sell it to them for $25,000. Buyer did not like this arrangement he told me and decided to buy from me directly since we were already in contact prior to the broker being brought in. I really did not understand why they felt the need to bring a broker into the mix.

If it can be avoided, I really would rather not deal with a broker.

Although that's what I did with my last sale PaladinDrones.com.

When brokers contact me, as a rule I ignore, but in this case I said "why not?"

I have no issue with the broker in this case. I'd probably do the same and try to flip a domain for quick profit.

I hope giving this info will help other domainers make the right decision.

I had asked for a ridiculous price of $250,000 so I guess $25,000 was a relief to them.

First we were warned that today. Godaddy users were experiencing issues with transferring domains via Godaddy Push but not external transfers. Supposedly when you do a transfer. The Transfer Button is not made available. But we did not experience that. What we did experience was that the buyer did not receive transfer confirmation email after I had accepted the whois info change update.

The transaction took long because there was an issue pushing the domain from one Godaddy account to another Godaddy account. Had to cancel transfer. Then there was an "error". So ended up transferring to Google Domains.

In which case, Godaddy rep warned me that Google Domains an "experiment" that was being phased out. and the transfer might end up in limbo. I don't know what he was talking about as the transfer went off without a hitch over to Google. Buyer said Godaddy rep was just scaring us into doing the Godaddy push to keep the domain with Godaddy.

Domain Price Date Venue
coin.org 75,000 USD 2014-11-12 DomainGuardians
coinnews.com 27,500 USD 2014-04-16 Uniregistry
coin.store 26,705 USD 2018-08-05 Alibaba
coinbag.com 26,000 USD 2018-02-05 Uniregistry
coinlink.com 22,000 USD 2018-02-26 Sedo
coinbook.com 20,000 USD 2017-08-31 Uniregistry
coinking.com 14,190 USD 2018-04-11 Sedo
coinance.com 12,500 USD 2019-01-31 Sedo
cointax.com 12,200 USD 2017-02-20 Sedo
coinrank.com 12,000 USD 2018-03-20 Uniregistry


Domain Price Date Venue
imena.com 19,000 USD 2012-05-31 GoDaddy
alphamena.com 7,350 USD 2019-01-21 Sedo
camena.ru 3,429 USD 2014-10-15 Sedo
smena.com 3,205 USD 2007-04-17 Sedo
promena.com 2,200 USD 2017-05-15 DropCatch
camena.net 1,350 USD 2014-09-24 Sedo
paranormalphenomena.com 1,000 USD 2011-04-23 Sedo
semena.com 795 USD 2010-04-19 Sedo
wolnadomena.info 685 USD 2008-02-18 GoDaddy
dobra-stara-vremena.com 648 USD 2012-11-25 GoDaddy

It's not the 6 figures I always go for but it's a good start in my liquidation this year.

I have more "Coin" and "MENA" domains if anyone is interested. Next one I'm working on I am going for 6 figures for updates follow me on here.

I hope this sale helps others with their keywords.

I hope this sale gains me some exposure for my other domains.

I also hope people will think twice before sending me $100 offers for my domains.

I also hope this Cashier's check clears tomorrow or else I'll have egg on my face.

Anyone know if I can submit this sale with Namebio without providing info on the buyer?

Good luck to everyone else on their future deals!


Edit: Forgot to mention. Prior to meeting buyer.I was late to the meeting because I stepped in dog poop. ( at least I hope it was dog poop although I looked "human" lol) Had to throw out my sneakers and buy flip flops.
congrats man... one of the funniest Nameproser i have ever read from lol
 
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If I know a broker is sniffing around, usually a bigger fish behind them, best to be coy, or ignore, and the other party if aggressive enough will step up their game.
There are options people seem to be missing. Escrow.com is covering this extensively: there are types of transactions with various options for involved parties to be informed.

In particular, when the broker is willing to hide their commission from the buyer, seller can choose a transparent to seller broker transaction and tell broker something like: I agree to yours 20% (10% 30% whatever the seller is comfortable with), sell it as high as you can. Naturally, being dependent on percentage, the broker would be interested to get the best price he can from the buyer.

That is one proper way to cook a broker.
 
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It's not a broker at that point. A broker by definition brokers a deal and gets a predetermined commission. This action is more akin to front running, and the broker is not doing it against a big auction house, he's doing it against you, and you, and you, and you. You think it is right that the broker was trying to take $17k out of this man's pocket?

I agree, it's front running not brokering.
 
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So your style is to help keep a snake hidden and to potentially have other domainers get screwed over when you could have helped them avoid it. Nice style.
C'mon c'mon let's not go there. I only know one side of the story. So I can't judge.

Plus I did promise not to disclose the buyers name even though there is no NDA. Disclosing the buyer might jeopardize that too. I just realized that an hour ago so good I trusted my instincts and did not tell.

I hope you understand. One man's snake is another man's legit broker. Please just let it go. I did.
Maybe "respect" is the wrong word. Should have said "understand".

I mean we all love "Biggie" yet he did deal drugs. Some had to be teens.
 
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congrats man... one of the funniest Nameproser i have ever read from lol

I'm here for excrement and giggles! Good luck to you my friend. Thanks.
 
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It's not a broker at that point. A broker by definition brokers a deal and gets a predetermined commission. This action is more akin to front running, and the broker is not doing it against a big auction house, he's doing it against you, and you, and you, and you. You think it is right that the broker was trying to take $17k out of this man's pocket?


No of course not! As remember that same money is out of my pocket too.

Look lets just get off the subject and enjoy the sale report. At this point I can sued for libel and slander if the name gets out. I don't need that. I'll probably just retract that broker part.

Quit asking you guys.
 
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This seller has a massive portfolio of dead weight renewals they carry, this kind of money covers about 3K domains for a year, I kind of think he is scared to name the broker, as he will get blowback from the broker for it.

Exactly. Thank you. It's not about scared. Read my posts on Namepros. I always decline to name names. No my personality. Quit egging me to snitch. Won't happen. With respect of course my friend. Sorry.
 
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No of course not! As remember that same money is out of my pocket too.

Look lets just get off the subject and enjoy the sale report. At this point I can sued for libel and slander if the name gets out. I don't need that. I'll probably just retract that broker part.

Quit asking you guys.
Slander, and libel would only be applicable if you spoke the untruth.

Most likely the truth is in your email, in black, and white. It’s pretty obvious who the buyer is, but why protect a broker that tried to take 2x your own take as the owner.

Brokerage is a bit of a wild west in this industry, other industries are regulated, and their commissions are 1/5th of what the domain industry pays, and really there aren’t many fixed costs like an open house, or flyer marketing campaign would have.

All good, I respect you may fear blow back from the broker, but over the years you always seem to call it how it is, even if it brings heat on you. The check is cashed, what do you fear at this point?
 
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It's not a broker at that point. A broker by definition brokers a deal and gets a predetermined commission. This action is more akin to front running, and the broker is not doing it against a big auction house, he's doing it against you, and you, and you, and you. You think it is right that the broker was trying to take $17k out of this man's pocket?
I agree.

I was going to say..the real injured party might have been the buyer if the broker had gotten it for 8k. :)
 
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Congrats on a really great sale!

Since I did not accept $8,000 broker said the client has "chosen not to take this opportunity".

These words here...
"chosen not to take this opportunity".

Here is a very interesting end of transaction/ending communication with you.

I really would love to have read the parting words at end of communication from broker to the buyer/client/potential end user.

So lets say you did not have contact with the buyer at all. If not, this transaction would never have happened possibly. This all would have revolved around brokers parting words to the buyer. Broker could have told buyer, the domain owner wants 250k and said to tell you to shove your 8k or 25k offer up your A $$. Then potential buyer would never contact you for future negotiations.

It makes you wonder how many deals go down like this.

More importantly, It makes you wonder how many deals are not made because of situations exactly like this.

Very thought provoking.

Either way, huge kudos to you for a very "well played" sale.
 
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Slander, and libel would only be applicable if you spoke the untruth.

Most likely the truth is in your email, in black, and white. It’s pretty obvious who the buyer is, but why protect a broker that tried to take 2x your own take as the owner.

Brokerage is a bit of a wild west in this industry, other industries are regulated, and their commissions are 1/5th of what the domain industry pays, and really there aren’t many fixed costs like an open house, or flyer marketing campaign would have.

All good, I respect you may fear blow back from the broker, but over the years you always seem to call it how it is, even if it brings heat on you. The check is cashed, what do you fear at this point?

First off thanks for posting. I appreciate it.

There is the possibility the buyer may have been incorrect. This is why. So I could be open to libel suit.

The buyer is one of two co founders who was in Dubai. I dealt with the one who is here. So that 10,000+ miles . A message could have been misunderstood easily. Maybe....
 
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I agree.

I was going to say..the real injured party might have been the buyer. :)

Nah he was pretty cool. Even the $25,000 was alot to him. But I explained to him since he plans to develop it. It will only increase in value over time and can be resold for a profit.
 
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Congrats on a really great sale!



These words here...
"chosen not to take this opportunity".

Here is a very interesting end of transaction/ending communication with you.

I really would love to have read the parting words at end of communication from broker to the buyer/client/potential end user.

So lets say you did not have contact with the buyer at all. If not, this transaction would never have happened possibly. This all would have revolved around brokers parting words to the buyer. Broker could have told buyer, the domain owner wants 250k and said to tell you to shove your 8k or 25k offer up your A $$. Then potential buyer would never contact you for future negotiations.

It makes you wonder how many deals go down like this.

More importantly, It makes you wonder how many deals are not made because of situations exactly like this.

Very thought provoking.

Either way, huge kudos to you for a very "well played" sale.

Thanks.This is something I have always suspected when dealing with brokers. Is it really a big surprise?
 
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Congrats on the sale (if the cashier's check clears). Telling the buyer that this domain name can be resold for more though... probably not in this universe. Even 25K is like winning the lottery because someone who could afford it happened to want it.
 
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