.org Sold Exact.org for $2500 (My first ever sale)

fitkhan · Dec 30, 2016

Hope you guys are doing great. Today I got the payment in my bank account and it's a very happy day for me. Here are the details

Domain name: Exact.org
Sale venue: Outbound
Seller: Me
Asking price: $6000
Sale price: $2500
Purchase price: $261 on NameJet (March 2016)

It was my 2nd ever purchase (The first one was a .net domain). Most of the people told me to stick with .com. However I decided to go for 1 strong dictionary word .net and 1 strong dictionary word .org (got the inspiration from one of @Zandibot blogposts).
For the first few months I didn't get any inquiry on Exact.org so In October 2016 I started outbound and emailed dozens of potential end users. I was not sending emails to their general email addresses i.e info@ or contact@ etc but researched and contacted the right person in the company. The hard work paid off and got the reply from one big company and we finalized the deal on $2500. I could have squeezed more money but did some blunders in the negotiations. Thanks to @AbdulBasit.com and @indiegrind for their support throughout the sale process. I thank all the namepros community as well. If there was no namepros i don't think i would have been in this domaining business at all.
The reason for creating this new thread is to encourage our new fellow domainers because in past the sales posts/threads were inspiration for me and I used to think that may be one day i will be able to sell my domain on a good price and that will be start of it. So here is that day....
All the best.

Traveler · Dec 31, 2016

That is awesome, congrats!

Sachy555 · Dec 31, 2016

Time to Party...Great news Bro..Congrats.
Hope you sell more names in 2017.

Aywhy93 · Dec 31, 2016

Wow... 9 Months before your first sale..?

Really, domaining is all about being patient and smart.

Congrats Bro, more grease to your elbow.. and I cant wait to have my first sale as well.

Domaniak · Dec 31, 2016

Congrats on your sale

Interesting, what was your target market for outbound? Frankly, offhand, can't think of anything, hence the question

wwwweb · Dec 31, 2016

Insha010 said:
Escrow fees aren't 20%

They used concierge on a small sale fees can easily add up to such levels

fitkhan · Dec 31, 2016

4better said:
Congrats! You've just proven that you can also make a lot of money not only in .com but from other gtld as well. More success to come.

Thanks...Yes. These are hard to sell but good single, short dictionary words in these proven gtld's always have chances to sell on good price.

wwwweb said:
Was the buyer a larger type organization, or more small business type?

First person who comes to mind is the .com owner

Exactly. .com owners bought the domain. They have .net version as well..

Skyvisum said:
Good sale .Strong dictionary .org always a good deal.There is always an enduser in my honest opinion for a good .org.Good you kept all the profit and completed sale through escrow and not give 20% to anyone.

Thanks. No deductions at all...That's extra happiness. lol...

MoneyLeadz said:
congrats bro ..A good move for domain sales for beginners .

Yes... Thanks.. Will build my portfolio now.. Only got 19 domains.....

Toptrade said:
Keep it up B

Thanks

fitkhan · Dec 31, 2016

Insha010 said:
Great! What kind of companies did you email?

Thanks Insha,,, Well i started with companies having "Exact" in their domain / company name and there are lots of them....

Cdomains said:
Congrats

Thanks

alcy said:
hmmm.. escrow.com ads up to about 20% in fees if seller pays it
so its not that he did't pay fees to anyone cause he used escrow.com, he didn't pay them cause buyer paid for him

Actually they paid around $238 as they have chosen escrow concierge services + they used paypal to pay escrow.com (Costs more). Otherwise the normal fee would be as less as $81....

Only1903 said:
Congrats mate

Thanks

ET76 said:
Congrats on your sale!

Thanks

kandyan said:
Congrats.. Keep moving..

Thanks.. Hopefully

fitkhan · Dec 31, 2016

Traveler said:
That is awesome, congrats!

Thanks a lot

Sachy555 said:
Time to Party...Great news Bro..Congrats.
Hope you sell more names in 2017.

Thanks a lot

... I am hopeful... Same wishes for you mate....

Aywhy93 said:
Wow... 9 Months before your first sale..?

Really, domaining is all about being patient and smart.

Congrats Bro, more grease to your elbow.. and I cant wait to have my first sale as well.

Yeah... Actually for the first few months i had around 10 domains and normally you won't get inquires on such less number of domains (Unless you have some top domains)....
Only started outbound in October and i can see the results......
Thanks for your kind wishes.... Hope you sell your domains in very less time..

Domaniak said:
Congrats on your sale

Interesting, what was your target market for outbound? Frankly, offhand, can't think of anything, hence the question

Thanks mate......I targeted companies having "Exact" in their domain/company name.... I found 100's of them.....

wwwweb said:
They used concierge on a small sale fees can easily add up to such levels

I am not sure but all i know is they paid $238...
I am also not sure when the domain will be transferred to the actual buyer.. Currently domain is transferred to escrow concierge and as per ICANN rules they can't transfer it to anyone for atleast 60 days.... Any idea?

Winfluence · Dec 31, 2016

Where the buyers these guys?

ExactOrg dot com

alcy · Dec 31, 2016

Insha010 said:
Escrow fees aren't 20%

lol escrow is so full of bugs
thats why I never use them
belive it or not when I wrote my post I actualy went to check their page to calculate fees, and after entering $2500 it showed me $181
no concierge option or nothing. just total $181!

today I go and it works fine and shows 81$

what a buggy place. yuk.

cheers

arzidan · Dec 31, 2016

Congrats Bro!

Great sale!

mad409 · Dec 31, 2016

Congrats, making me like my .org better!

eurorealtor · Dec 31, 2016

You have managed to sell 50% of your portfolio, no one beats you there

Congrats, impressive.

hookbox · Dec 31, 2016

Great name that could be used for hundreds of different things. Congrats on the sale.

gtldomainer · Jan 1, 2017

Wow, what a happy ending for 2016! Congratulations, dude!

rhakim · Jan 1, 2017

Congratulations, great name, eventhough an dot ORG and great result. Will be sure you'll be able to replicate the success with your dot NET you mentioned.

fitkhan · Jan 1, 2017

Winfluence said:
Where the buyers these guys?

ExactOrg dot com

Nope. .com guys bought it. I never contacted the above mentioned company for some reasons.

alcy said:
lol escrow is so full of bugs
thats why I never use them
belive it or not when I wrote my post I actualy went to check their page to calculate fees, and after entering $2500 it showed me $181
no concierge option or nothing. just total $181!

today I go and it works fine and shows 81$

what a buggy place. yuk.

cheers

Thankfully my transaction was smooth. Did you have any bad experience with them in past?

arzidan said:
Congrats Bro!

Great sale!

Thanks a lot.... Indeed..

mad409 said:
Congrats, making me like my .org better!

Thanks... I like .org more than .net and won't hesitate to buy another single dictionary word.org

fitkhan · Jan 1, 2017

eurorealtor said:
You have managed to sell 50% of your portfolio, no one beats you there
Congrats, impressive.

Thanks.... I wish....lol... Not yet mate... Actually I have around 19 domains.... I will try to buy around 80 more domains this year....Hopefully

hookbox said:
Great name that could be used for hundreds of different things. Congrats on the sale.

Yes you are right... I liked it the most and wanted to renew it for like 5 years and wait for the right buyer.... However at start I had to sell something to keep things moving. I out reached for 10 of my domains and managed to sell only one i.e Exact.org.

gtldomainer said:
Wow, what a happy ending for 2016! Congratulations, dude!

Thanks a lot dude..... All the best for 2017....

rhakim said:
Congratulations, great name, eventhough an dot ORG and great result. Will be sure you'll be able to replicate the success with your dot NET you mentioned.

Thanks.. Great results indeed

..... The .net is Parameter.net. The outreach isn't successful on this name.. Hope to sell it soon....

AbdulBasit.com · Jan 1, 2017

Congrats Owais bhai. I'm very happy for you and you did great in terms of squeezing out 2.5K with your first sale. But honestly speaking, this domain was worth lot more but considering your first sale and situation, accepting 2.5K isn't bad.

Wish you all the best in 2017 and hope you have many more and that too big sales.

fitkhan · Jan 1, 2017

AbdulBasit.com said:
Congrats Owais bhai. I'm very happy for you and you did great in terms of squeezing out 2.5K with your first sale. But honestly speaking, this domain was worth lot more but considering your first sale and situation, accepting 2.5K isn't bad.

Wish you all the best in 2017 and hope you have many more and that too big sales.

Thanks a lot Abdul Basit. Your guidance made it possible and I am very thankful for that. Yes the domain worth a lot but I had to sell it to keep things moving. Now with this money I can buy a couple more quality domains and I am hopeful that I will make more sales in 2017. Best wishes for you mate.

ben pedri · Jan 1, 2017

fitkhan said:
Hope you guys are doing great. Today I got the payment in my bank account and it's a very happy day for me. Here are the details

Domain name: Exact.org
Sale venue: Outbound
Seller: Me
Asking price: $6000
Sale price: $2500
Purchase price: $261 on NameJet (March 2016)

It was my 2nd ever purchase (The first one was a .net domain). Most of the people told me to stick with .com. However I decided to go for 1 strong dictionary word .net and 1 strong dictionary word .org (got the inspiration from one of @Zandibot blogposts).
For the first few months I didn't get any inquiry on Exact.org so In October 2016 I started outbound and emailed dozens of potential end users. I was not sending emails to their general email addresses i.e info@ or contact@ etc but researched and contacted the right person in the company. The hard work paid off and got the reply from one big company and we finalized the deal on $2500. I could have squeezed more money but did some blunders in the negotiations. Thanks to @AbdulBasit.com and @indiegrind for their support throughout the sale process. I thank all the namepros community as well. If there was no namepros i don't think i would have been in this domaining business at all.
The reason for creating this new thread is to encourage our new fellow domainers because in past the sales posts/threads were inspiration for me and I used to think that may be one day i will be able to sell my domain on a good price and that will be start of it. So here is that day....
All the best.

The buyer probably would have paid a bit higher and you the seller would have taken less You both got a good deal on this.congrats ,PS dont get too loose with your profit if your gonna go out hunting ,try to catch something someone will want,times after big sales is when we pick up crap that is so so ,which leads to having to renew the stuff which seems like in the blink of the eye,try to stay away from the feast or famon part of domaining ,most people here including yours truly have been through .congràt. ben

Julio · Jan 1, 2017

Congrats looks like you're going to have a great year in domaining!

The Durfer · Jan 2, 2017

congratulations!

fitkhan · Jan 2, 2017

ben pedri said:
The buyer probably would have paid a bit higher and you the seller would have taken less You both got a good deal on this.congrats ,PS dont get too loose with your profit if your gonna go out hunting ,try to catch something someone will want,times after big sales is when we pick up crap that is so so ,which leads to having to renew the stuff which seems like in the blink of the eye,try to stay away from the feast or famon part of domaining ,most people here including yours truly have been through .congràt. ben

Thanks Ben.... I outreached potential buyers for around 10 of my domains and at that point I understood how difficult it is to sell a domain that people don't want or they have other alternatives.... I understood the value of a top domain that time... So yes this is on my mind and I will try to buy something that someone will want.... Otherwise it is wastage of money... On aftermarkets good domains are always out of my budget so trying to find some other ways to acquire good names....

Julio said:
Congrats looks like you're going to have a great year in domaining!

Thanks

Hopefully ..... Wish you success in this new year as well....

wesley sweatman said:
congratulations!

Thanks

Doron Vermaat · Jan 2, 2017

Congratulations. First of many for sure!

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