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

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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

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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.
Congrats for the sale and story behind it :).Any value for KoinMena or CoinMeena ?

Thanks,
 
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Well the advantage you had here apparently was meeting the guy in person. Even getting a buyer on the horn may often work better than email - because with email the potential buyer gets to think too long, and sometimes this will work against closing the deal at a high price, as second thoughts might settle in. Think - car salesman, do they close the deal best in person, or via email? Why do you think the car dealer always wants to get you into the showroom for any potential deal?

To some extent we are not selling domains here but providing therapy, as we convince the potential buyer that what we have solves his problem. How good you are at having the potential buyer convinced that your domain is his solution, depends on how good of a salesman (or therapist :xf.cool:) and talker you are.

ANYway, avtar629's approach is to stick to his guns and try to exact top dollar. This is the old school domaining philosophy, that the way to get rich is to wait for the right buyer. I still use that approach with some of my top domains, but these days too I am more flexible, and for many of my domains my philosophy might just be, "Ahhh give me a few grand and shut up." The latter approach results in a lot more closed sales rather than trying to exact five figures always.

But, the advantage to this "hold out for top dollar approach" is, that when the few top dollar sales are made, at least even one five figure closing makes up for missing anywhere from ten to thirty of the $1000 - $3000. offers. What would Not make sense, would be turning down a bunch of low to mid four figure offers and then eventually accepting just one offer in the same range. If you're going to hold out for top dollar must be steadfast and consistent with your resolve (and have the caliber of domains that are worth that kind of money in the first place).
 
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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.


Well you don't know the buyers plans as he told me. Sounds big. And he's got Chinese venture capital investors. ( Probably should have asked for more or equity) lol
 
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Well the advantage you had here apparently was meeting the guy in person. Even getting a buyer on the horn may often work better than email - because with email the potential buyer gets to think too long, and sometimes this will work against closing the deal at a high price, as second thoughts might settle in. Think - car salesman, do they close the deal best in person, or via email? Why do you think the car dealer always wants to get you into the showroom for any potential deal?

To some extent we are not selling domains here but providing therapy, as we convince the potential buyer that what we have solves his problem. How good you are at having the potential buyer convinced that your domain is his solution, depends on how good of a salesman (or therapist :xf.cool:) and talker you are.

ANYway, avtar629's approach is to stick to his guns and try to exact top dollar. This is the old school domaining philosophy, that the way to get rich is to wait for the right buyer. I still use that approach with some of my top domains, but these days too I am more flexible, and for many of my domains my philosophy might just be, "Ahhh give me a few grand and shut up." The latter approach results in a lot more closed sales rather than trying to exact five figures always.

But, the advantage to this "hold out for top dollar approach" is, that when the few top dollar sales are made, at least even one five figure closing makes up for missing anywhere from ten to thirty of the $1000 - $3000. offers. What would Not make sense, would be turning down a bunch of low to mid four figure offers and then eventually accepting just one offer in the same range. If you're going to hold out for top dollar must be steadfast and consistent with your resolve (and have the caliber of domains that are worth that kind of money in the first place).

PREACH!!! 🤣 LOL. THANKS BRO!
 
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@Avtar629 Well... let's put it this way. The domain itself doesn't warrant 25K. It's a handreg from 2017 and yesterday I think nobody at Namepros would have paid you $50 for it and besides this perfect end user nobody probably would have paid much more. If this turns into a huge company... then it would still be the company that warrants a higher price, not the domain. Either way, it's an impressive sale that sort of reminds me of some of Mike Mann's sales. Having a lot of domains can sometimes land ridiculous prices when the right buyer comes along.
 
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some people say stepping into dog poop brings good luck....
obviously true

:barefoot:
What about human poo which I suspect it actually was? Which is why I threw out my Yeezy's. Sigh*****
 
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@Avtar629 Well... let's put it this way. The domain itself doesn't warrant 25K. It's a handreg from 2017 and yesterday I think nobody at Namepros would have paid you $50 for it and besides this perfect end user nobody probably would have paid much more. If this turns into a huge company... then it would still be the company that warrants a higher price, not the domain. Either way, it's an impressive sale that sort of reminds me of some of Mike Mann's sales. Having a lot of domains can sometimes land ridiculous prices when the right buyer comes along.

I actually hand regged it because I heard crypto just became Sharia compliant plus the success of bitoasis and Emaar groups plans to start a crypto coin.
 
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Well "this is the way avtar629 do it." When he smells blood he tries to extract all the flesh he can, at least a pound!
 
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Well "this is the way avtar629 do it." When he smells blood he tries to extract all the flesh he can, at least a pound!

Hahaha. "Fi phi pho fum! I smell the blood of an enduser!"
 
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@Avtar629 Would you mind sharing how many domains do you own at the moment? Do the recent sales get you above the red zone or are the renewals eating away profits?
 
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Congratulations once again for your domain sale. That's serious money in the bank account

Sure the check has cleared by now?
 
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Anyways. Thanks for all your well wishing. Let's get back to work shall we? I officially popped my five figure cherry. Any guesses? All down hill from here?

I think the future is so bright I have to wear shades?

(My old middle life crisis fart bought a straw hat to treat myself. Damn hipsters got to me. Lol)

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Have a great day guys! Best of luck to all!

Please follow me here or Twitter (whoadomain) Would love some starting bids on my future GD and Sedo and NJ auctions.

Don't like me? Get me out of the business. Buy my domains and you'll never hear from me again lol!
 
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@Avtar629 Would you mind sharing how many domains do you own at the moment? Do the recent sales get you above the red zone or are the renewals eating away profits?


Yea I'm in the red i admit. So check is probably going to cover renewals. Upcominh auctions "should" get me in the green this month. At least that's the plan.

Also thank God for Crypto! I have a stash. I dump every now and then at ATH. then buy on the dips to cover renewals but really need to quit that.
 
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Congrats buddy, Nice sale!

Thanks. I say to all domainers. While this sale is fresh. Sell your coin and Mena domains. Will be posting on LinkedIn soon. Minus the "broker" stuff
 
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Congrats @Avtar629 great sale. Also the way you write, its fun reading it.
 
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Congrats @Avtar629 great sale. Also the way you write, its fun reading it.

lol. Thank you. Life is too boring. better to enjoy it and not take it too seriously. tomorrow you can get hit by a bus.

To everyone posting on this thread. Feel free to mention all your Mena and Coin domains. I welcome it. Thanks.

as someone who invested in "Mena" domains. I was always hoping there would be some big "Mena" domain sale where I can refer to in my outbounds or inquiries.

never in a million years would I have imagined I'd be the one to put Mena on the board.

People here always say Arab's are cheap and can't ever sell a domain for big money to them. This proves that stigma is wrong.
 
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Chanfle..someone just registered tokenmena/com. News spread fast over here. I'm going for some Mena too....

I've got BlockMena.com MenaBlock.com 5gMena.com Mena5G.com MenaBitcoins.com

ChainMena.com
DubaiMena.com
UAEMena.com
 
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I've got BlockMena.com MenaBlock.com 5gMena.com Mena5G.com MenaBitcoins.com

ChainMena.com
DubaiMena.com
UAEMena.com
I got coinwana.com , seen that mena's other name is WANA
 
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