IT.COM

.com My First Domain Sale - L/Hub/com - $14,500

NameSilo
Watch

MitchH

Established Member
Impact
890
Purchased on 5/30/18 from a GoDaddy expired auction for $985.
Listed for sale on 6/23/18 with BrandPa.
Received an initial offer price of $12,500 and this was declined. The buyer countered with $14,500 on 8/13/18 and I accepted.
Finalized the transaction today, 9/11/18.

Very happy with BrandPa. Being my first domain sale ever, I did not have the best understanding on the process of selling and transferring a domain. BrandPa helped me step-by-step, no issues at all. High quality content and even better customer service!

I was really surprised how quickly this sold, even more surprised by the 1600% return in only a few months. I was feeling a bit defeated there for awhile, but I feel rejuvenated and hopeful for the future!
 
Last edited:
172
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
@Mitchell Hengesbach As many have pointed it out it's a great name 4l with " Hub".

I'm interested to see what the buyer does with it , my take is

L -( learning) Hub App

L -is also slang in the " Canna/weed/marijuana" meaning to "smoke one" "take an L" ( dispensary?)

what ever they do with it, L+ hub has many possible uses. these are the first 2 that came to mind.

Good Eye and Stance on this sale!

When I submitted to Brandpa, my first thought was LearningHUB as well. I had no idea "take an L" was slang for marijuana, very interesting! Marijuana is very popular right now, so maybe someone took advantage of the market.

When I first bought the domain, I researched end users and came across Laboratoire Hospitalier Universitaire de Bruxelles (LHUB) based in Brussels. Perhaps that is associated?

I'm sure we'll find out in the coming months what the buyer will do with it. I'm excited to see it!

Thanks for your support and feedback!
 
2
•••
1
•••
Mitchell, Congratz on the stellar sale and it being your first is very very impressive.

Thanks for sharing
 
1
•••
1
•••
1
•••
0
•••
Holy smokes! My jaw hurts from hitting the ground..... Congratulations and many more be yours!
 
1
•••
@Mitchell Hengesbach sorry if I missed it , but curious, what was the BIN listed price on Brandpa?

You say declined 12.5 and accepted counter of 14.5.......did you decline without making a counter price as well ?

Thanks
 
Last edited:
0
•••
Congratulations........hopefully i'll make my first sale this month.


Wish you more sales.
 
1
•••
Yes! I do remember your post when I first made the purchase back in May. I appreciate your support!

Quality over quantity is definitely the best way to go. I have been a lot more particular about the domains I purchase. I only go after 10+ year old domains with at least one popular keyword or high traffic. So far this strategy has been paying off! :)
First of all, congrats Mitchell, you've done well. What nobody is saying is that the buying strategy is wrong. Why do you think that no other experienced domainer has not bidet over $900 for it? Because the ROI expected was not good enough. This time you were lucky but it will not be like this alvays. After paying the bp commission, you've netted just about 10 times your investment. So that means that you need to sale 10% of your names aquired for roughly the same amount and sell them for something the same. The history is showing that something is wrong with this strategy and most of the times you will pay much more than you make, if you count multiple sales and acquisitions. I'm wondering, how you stand regarding your entire portofolio, you are on profit? The only thing is that you had some hand regs in your portofolio, because if you had just aftermarket purchases at this price, you would have been in red big time. Also, the hand regs stuff works for the experienced guys, they have a return of their profit tens-hundreds of times more than the 10 times return that you have made...hopefully you will not choose the wrong way to make high value acquisitions without a good ROI in mind, because you will loose big time.
 
0
•••
First of all, congrats Mitchell, you've done well. What nobody is saying is that the buying strategy is wrong. Why do you think that no other experienced domainer has not bidet over $900 for it? Because the ROI expected was not good enough. This time you were lucky but it will not be like this alvays. After paying the bp commission, you've netted just about 10 times your investment. So that means that you need to sale 10% of your names aquired for roughly the same amount and sell them for something the same. The history is showing that something is wrong with this strategy and most of the times you will pay much more than you make, if you count multiple sales and acquisitions. I'm wondering, how you stand regarding your entire portofolio, you are on profit? The only thing is that you had some hand regs in your portofolio, because if you had just aftermarket purchases at this price, you would have been in red big time. Also, the hand regs stuff works for the experienced guys, they have a return of their profit tens-hundreds of times more than the 10 times return that you have made...hopefully you will not choose the wrong way to make high value acquisitions without a good ROI in mind, because you will loose big time.

With all do respect, @boker , could you possibly be more arrogant and short sided with your feedback?

Just because my buying strategy is not the same as your buying strategy or someone else's buying strategy, does not make it "wrong."

If I make $1 more than what I paid for a domain, then I made a ROI. Profit is profit. Domain buying/selling is not my full-time job, it's a side hobby; any amount of money made is great.

I have no idea why you believe I need to sell 10% of my current domains for the same price as I sold L/hub. How are you concluding this? You don't know the size of my portfolio or how much I've spent on domains. If every domain I bought was $985, that might make sense, but I don't come anywhere close to spending that type of money for each domain and I never would. I bought L/hub for that much because it was 20 years old, had only 4 letters, contained a very popular keyword and was not an atypical 4LLLL, and previous domains with the keyword "hub" have sold well. I bought it as a long-term investment, so I was surprised that it sold so quickly. I don't consider this "lucky" either, I do my research.

Yes, I am currently profitable with my portfolio, probably up $8,000. I don't have that many domains. I've been doing this for only 6-7 months. I might buy one domain a week. So no, I'm not "red big time."

I'm not experienced or as knowledgeable as someone who does this full-time. I'm sure there are many people out there that have made and continue to make "tens-hundreds" of times more than what I just made. I think that is fantastic and I wish them continued success. That's not my goal though. I'm not doing this to become super rich, it's just a fun side hobby. As I said before, profit is profit. 2x, 10x or 100x sales, it's all money.

Thanks for the congrats.
 
6
•••
With all do respect, @boker , could you possibly be more arrogant and short sided with your feedback?

Just because my buying strategy is not the same as your buying strategy or someone else's buying strategy, does not make it "wrong."

If I make $1 more than what I paid for a domain, then I made a ROI. Profit is profit. Domain buying/selling is not my full-time job, it's a side hobby; any amount of money made is great.

I have no idea why you believe I need to sell 10% of my current domains for the same price as I sold L/hub. How are you concluding this? You don't know the size of my portfolio or how much I've spent on domains. If every domain I bought was $985, that might make sense, but I don't come anywhere close to spending that type of money for each domain and I never would. I bought L/hub for that much because it was 20 years old, had only 4 letters, contained a very popular keyword and was not an atypical 4LLLL, and previous domains with the keyword "hub" have sold well. I bought it as a long-term investment, so I was surprised that it sold so quickly. I don't consider this "lucky" either, I do my research.

Yes, I am currently profitable with my portfolio, probably up $8,000. I don't have that many domains. I've been doing this for only 6-7 months. I might buy one domain a week. So no, I'm not "red big time."

I'm not experienced or as knowledgeable as someone who does this full-time. I'm sure there are many people out there that have made and continue to make "tens-hundreds" of times more than what I just made. I think that is fantastic and I wish them continued success. That's not my goal though. I'm not doing this to become super rich, it's just a fun side hobby. As I said before, profit is profit. 2x, 10x or 100x sales, it's all money.

Thanks for the congrats.
So exactly this is what I've said, if all your buys will have an average acquisition price like this one and roughly the same value, you will loose money on the long run, if you don't sell at least 10% of your names, which will be very hard to achieve. So if it's a genuine opinion, it has to be mal intended. If you did your research, and the average sale price for one letter + hub was around 3k and L/hub didn't had a spectacular number of end users, how your research was great? Why do you think that at least hundreds of other domainers have stopped bidding before 900$? This time the result was great but trying to replicate that on the long run will end up in loosing money. And no, as far as I know, in domaing it's not enough to make 1$ profit or 2-4-7 times the amount which you have invested, because you will not sell most of your portofolio during your life time. I don't really care what you do, but I've noticed that you were saying that you know what you will do from now on and doing the same thing with multiple domains will not end up in green for sure.
 
Last edited:
2
•••
So exactly this is what I've said, if all your buys will have an average acquisition price like this one and roughly the same value, you will loose money on the long run, if you don't sell at least 10% of your names, which will be very hard to achieve. So if it's a genuine opinion, it has to be mal intended. If you did your research, and the average sale price for one letter + hub was around 3k and L/hub didn't had a spectacular number of end users, how your research was great? Why do you think that at least hundreds of other domainers have stopped bidding before 900$? This time the result was great but trying to replicate that on the long run will end up in loosing money. And no, as far as I know, in domaing it's not enough to make 1$ profit or 2-4-7 times the amount which you have invested, because you will not sell most of your portofolio during your life time. I don't really care what you do, but I've noticed that you were saying that you know what you will do from now on and doing the same thing with multiple domains will not end up in green for sure.

I understand what you're trying to say, but you're making a conclusion when you don't have all the information. L/hub was the only domain that I ever bought for $900+, prior to this the most expensive domain I bought was around $50 and most are around $15. You're making an assumption that I pay $900+ for all of my domains, which is not accurate. You should never assume anything.

I doubt that I'll ever replicate this sale, but it's always possible. That's not my goal though. I'm very strategic with how I purchase domains. I have a specific budget and stick to that budget. When I sell a domain, I'll buy another. If I don't sell a domain, I don't buy. That is why I'm profitable.

You're trying to analyze my entire strategy and profitability with this one sale and it's simply not accurate. You don't have the information. You're trying to make a hypothesis without context, perspective or a method. But anyways, I know you're trying to help. I appreciate your attempt to do so.
 
5
•••
What can be said safely is that while this is a great sale and very much to be celebrated this is above the norm in general and even more of a rarity on a brandable venue where most domains are priced around 3K. You picked well and you did well.

Unfortunately these types of sales don’t happen all the time unless someone has an outstanding portfolio. Very wise to spend your profits carefully.
 
3
•••
Nice sale! Definitely a confidence booster and gives you hope for future business.
 
1
•••
What can be said safely is that while this is a great sale and very much to be celebrated this is above the norm in general and even more of a rarity on a brandable venue where most domains are priced around 3K. You picked well and you did well.

Unfortunately these types of sales don’t happen all the time unless someone has an outstanding portfolio. Very wise to spend your profits carefully.

I agree with you 100%. Very rare sale and I won't take that for granted. I don't anticipate selling my other domains anywhere near that price. I'll be lucky to sell any of them. I'm thankful for this rare opportunity :)
 
2
•••
what better motivation do one need...........congrats on your first sale, ten percent of this as my first sale would be awesome, fingers crossed
 
1
•••
what better motivation do one need...........congrats on your first sale, ten percent of this as my first sale would be awesome, fingers crossed

Good luck to you!
 
0
•••
Purchased on 5/30/18 from a GoDaddy expired auction for $985.
Listed for sale on 6/23/18 with BrandPa.
Received an initial offer price of $12,500 and this was declined. The buyer countered with $14,500 on 8/13/18 and I accepted.
Finalized the transaction today, 9/11/18.

Very happy with BrandPa. Being my first domain sale ever, I did not have the best understanding on the process of selling and transferring a domain. BrandPa helped me step-by-step, no issues at all. High quality content and even better customer service!

I was really surprised how quickly this sold, even more surprised by the 1600% return in only a few months. I was feeling a bit defeated there for awhile, but I feel rejuvenated and hopeful for the future!

Very happy when I see sales like you had
it is always an awesome read, reading a word by word a success story for same industry where you are in.
Best of luck for all your investments and hope to listen from you another success story.
 
3
•••
Congratulations.
At what price was it listed on Brandpa
 
2
•••
Very happy when I see sales like you had
it is always an awesome read, reading a word by word a success story for same industry where you are in.
Best of luck for all your investments and hope to listen from you another success story.

Thanks for your kind words! I hope for future success for me and you!
 
0
•••
Congratulations.
At what price was it listed on Brandpa

Brandpa originally wanted to list it at $7,895 (that was before they let users suggest a price). I contacted support and requested that it be increased to $16,895. They accepted this new price and it was listed as such.
 
4
•••
Congrats. This is your chance to grow so be careful. Spread your acquisitions over time and dont go on shopping sprees. 2000$ shopping budget done twice is 40% of your profits. Be careful with 20-50$ domains that are ''cool''.
If I was to make a plan for my profits Id keep a healthy portfolio on one side where I focus on good 500-1000$ domains that I can either sell for the same amount or make crazy ROI on them. 7500 out of 10.000$.
Then 2500$ for domains up to 100$ to satisfy the monster. Spent over time.
Have it your way.
 
2
•••
''The monster'' i mean whatever ideation/creativity genius you might be. Experience is good
 
0
•••
Congrats. This is your chance to grow so be careful. Spread your acquisitions over time and dont go on shopping sprees. 2000$ shopping budget done twice is 40% of your profits. Be careful with 20-50$ domains that are ''cool''.
If I was to make a plan for my profits Id keep a healthy portfolio on one side where I focus on good 500-1000$ domains that I can either sell for the same amount or make crazy ROI on them. 7500 out of 10.000$.
Then 2500$ for domains up to 100$ to satisfy the monster. Spent over time.
Have it your way.

Thanks for your feedback. For now, I'm not spending anymore money on domains until I sell at least one more. I'm happy with the profit I just made. I have a few domains that I feel confident about, so we'll see what happens, I'm patient :)
 
3
•••
Back