various Discuss and Report Any Details of Domain Name Sales

[Scotty205]

Got my second domain sale today! New Orleans + 2 keywords .com for $300.00 to end user. I emailed 28 companies and got a call and closed the deal.

 

[karmaco]

@MysticHero - How often do you outbound other peoples domains?

Its called front running

 

[Aaron.A]

Its called front running

Everybody rushing back to remove their likes

 

[MysticHero]

Its called front running

Nope, it's not front running. That's what front running is according to Wikipedia:

"Front Running as it relates to the domain industry is the practice of using insider information to register a domain name that someone else wants to register in order to charge a higher price for the domain name or to get the registrant to sign the name with a particular registrar."

In my case, I had no insider info and the buyer didn't want to purchase it at all. If they wanted, they could have purchased it themselves. I convinced them to purchase by presenting the benefits it comes with.

 

[AbdulBasit.com]

Hit my first 4 figure -

Sold for Bright//Data.co $2500

So, this was an interesting one - I see an opportunity to sell Bright//Data.co to a company. This domain was listed on DAN for €499. I first confirmed with the buyer if they're interested in buying this and asked for $3k. They showed interest and the deal was settled for $2500. Then I approached the domain seller and offered him the lowest €100 which he accepted after a counter. Took me ~17 days to close the deal due to some hiccups in the transfer.

Domain name: Bright//Data.co
Purchase Price: €100 (~$120) registered on 25th March, sold on 11th April 2021
Sales Price: $2500
Sale venue: Direct
Sale Type: Outbound
Time took: 17 days


More sales from March/April:

Domain name: 3iap//com
Purchase Price: $7.28 hand-reg on 8th April, sold on 12th April 2021
Sales Price: $500
Sale venue: DAN
Sale Type: Outbound
Time took: 4 days

All hand-reg and sold within a few weeks.
Sale venue: DAN
Sale Type: Outbound
There're some direct sales as well which are not included here.

What's the secret of my success if someone is wondering - My extensive knowledge of Internet marketing, cold emailing and creativity.

My next target is to hit 5 figure within a month.

So if I understood correctly, you actually didn't own the domain BrightData before finalizing the deal with the current owner? And once the current owner agreed to pay $2500, then you approached the previous seller and acquired it?

 

[akos]

Well, I wanted to buy the domain first, but to minimize the risk, I first confirmed the lead then purchased the domain.

In my case, I had no insider info and the buyer didn't want to purchase it at all. If they wanted, they could have purchased it themselves. I convinced them to purchase by presenting the benefits it comes with.

To be clear: You tried to sell something that you didn't own nor had the permission to sell. Could be considered illegal in some jurisdictions, but it is at least highly unethical.

 

[AbdulBasit.com]

Nope, it's not front running. That's what front running is according to Wikipedia:

"Front Running as it relates to the domain industry is the practice of using insider information to register a domain name that someone else wants to register in order to charge a higher price for the domain name or to get the registrant to sign the name with a particular registrar."

In my case, I had no insider info and the buyer didn't want to purchase it at all. If they wanted, they could have purchased it themselves. I convinced them to purchase by presenting the benefits it comes with.

The current owner bought because they trusted you thinking that you have the ownership of the domain and not someone else.

Try informing the buyer next time that you don't own the domain and are trying to sell someone's else domain without their consent and then tell us if you're ever able to sell a single domain.

 

[alcy]

This was the first time I did this for BrightData. Never done this before.

do u plan to do it again?

 

[karamakate]

Its called front running

No, it's not.

Domain name front running is the practice whereby a domain name registrar uses insider information to register domains for the purpose of re-selling them or earning revenue via ads placed on the domain's landing page. By registering the domains, the registrar locks out other potential registrars from selling the domain to a customer. The registrar typically takes advantage of the five-day "domain tasting" trial period, where the domain can be locked without payment.

https://en.wikipedia.org/wiki/Domain_name_front_running

 

[Aaron.A]

I have a feeling he/she didn't know what they were doing was unethical. It's a great sale and I'm happy for you @MysticHero

Now you can go and buy lots of promo .co,s and hopefully, make good money.

Good luck.

 

[HotKey]

Don't be coming to me "buying" a domain with money you don't have.. nuff' said. Carry on with reported sales, or open new thread on matter.

 

[alcy]

I have a feeling he/she didn't know what they were doing was unethical. It's a great sale and I'm happy for you @MysticHero

Now you can go and buy lots of promo .co,s and hopefully, make good money.

Good luck.

yes not knowing somethings bad sure does make it alright dont it.

 

[Aaron.A]

I'm not saying that!

 

[Aaron.A]

We all make mistakes. Unless you can enlighten us all!

 

[alcy]

We all make mistakes. Unless you can enlighten us all!

yeah for sure all domainers here do what he did. I agree. rest my case.lol

 

[tldboss]

Hopefully, it's the last time you do it. Only sell domains you own.

What you did can create problems for the domain owner e.g. potential buyer can decide to acquire the domain via other methods, instead of paying for it.

 

[Aaron.A]

yeah for sure all domainers here do what he did. I agree. rest my case.lol

Sorry, don't get what you mean.

I just think if @MysticHero knew it was wrong, he/she would have left the details out and only reported the sale.

It certainly doesn't make it right though.

I do see where you're coming from.

 

[tldboss]

I don't do it & don't believe all domainers do it.

It's been years since I did any outbound.

I agree with @Aaron Allison that @MysticHero made a mistake, hence the 'agree'. He shared his story thinking it was a good idea. Hope he has learned from it & will stop front running.

 

[karmaco]

Nope, it's not front running. That's what front running is according to Wikipedia:

"Front Running as it relates to the domain industry is the practice of using insider information to register a domain name that someone else wants to register in order to charge a higher price for the domain name or to get the registrant to sign the name with a particular registrar."

In my case, I had no insider info and the buyer didn't want to purchase it at all. If they wanted, they could have purchased it themselves. I convinced them to purchase by presenting the benefits it comes with.

I don’t care what you call it — it’s unethical to sell something you don’t own. You ruined your entire reputation with a single post.

 

[pokainc]

@MysticHero not to mention that the company that ended up buying the name could've had a different attitude and file a UDRP (perhaps not on proper grounds) against the owner of the domain.....

 

[DnFolk]

Hit my first 4 figure -

Sold for Bright//Data.co $2500

So, this was an interesting one - I see an opportunity to sell Bright//Data.co to a company. This domain was listed on DAN for €499. I first confirmed with the buyer if they're interested in buying this and asked for $3k. They showed interest and the deal was settled for $2500. Then I approached the domain seller and offered him the lowest €100 which he accepted after a counter. Took me ~17 days to close the deal due to some hiccups in the transfer.

Domain name: Bright//Data.co
Purchase Price: €100 (~$120) registered on 25th March, sold on 11th April 2021
Sales Price: $2500
Sale venue: Direct
Sale Type: Outbound
Time took: 17 days


More sales from March/April:

Domain name: 3iap//com
Purchase Price: $7.28 hand-reg on 8th April, sold on 12th April 2021
Sales Price: $500
Sale venue: DAN
Sale Type: Outbound
Time took: 4 days

All hand-reg and sold within a few weeks.
Sale venue: DAN
Sale Type: Outbound
There're some direct sales as well which are not included here.

What's the secret of my success if someone is wondering - My extensive knowledge of Internet marketing, cold emailing and creativity.

My next target is to hit 5 figure within a month.

It was owned by me. You did outbound for my domain without informing me.

 

[alcy]

Sorry, don't get what you mean.

I just think if @MysticHero knew it was wrong, he/she would have left the details out and only reported the sale.

It certainly doesn't make it right though.

I do see where you're coming from.

u said we all make this mistake...unless u meant some other offtopic mistake...like burn hand in fire when 5.

 

[alcy]

It was owned by me. You did outbound for my domain without informing me.
Show attachment 188360

hey @Grilled pass me some popcorn will ya..

 

[Aaron.A]

u said we all make this mistake...unless u meant some other offtopic mistake...like burn hand in fire when 5.

I hope you're not accusing me of front running. If you read back, it was me that highlighted the issue!

 

[Aaron.A]

And don't twist my words.

 

[NickB]

u said we all make this mistake...unless u meant some other offtopic mistake...like burn hand in fire when 5.

The way they presented the sale in the first instance quite clearly shows they thought they had done nothing wrong - it needs someone to point out why it is wrong for people to understand, until then if you don't know......then you don't know - They might have linked it to Arbitrage, which people use to try and justify doing it

I am not condoning it, in fact it is completely out of order when people do it but in this instance I personally think there was no malicious intent, now if they continue to do it after everyone has pointed out why it is frowned upon then that it is a different story......