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information My $30K sale

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DnFolk

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Sometime before i had mentioned here about my $30K sale and since then many showed interest to know about it through PM and otherwise. Immediately after i had that sale in jiffy i shared it with my few friends and other domain community on whatsapp and before i realize it was spread very quickly among them, many know it already, so i decided to share at NP also, here is the name and the sale -
20200212_190526.jpg

I had bought this for mid xxx in 2017, you will find 7k+ sale on namebio.com but i had waited for the expired auction end to transfer it away something which we cannot do now as godaddy reduced the number of days allowed after expiry.

Coming back to the name i had rejected many offers including of 25k but it was recieved via afternic listing. So there i would have got 20K. I rejected 20k euro offer also at dan. Here i was ready to sell this for 30K only because of direct sale and negligible commission of escrow.com. otherwise i won't have sold with net amount anything less than this.

Usually because of various reasons i share about 20-25% of my sales and never shared my five fig sales (9988 and more) anyway i only had 8 of it previously and this is the highest of total now 9 such sales.
I have a request here i don't want anyone to report or type this domain name anywhere this because buyer was spammed after i had shared earlier on whatsapp group. And the current owner is not the buyer of this name. Some told me that you could have got more considering the original buyer and he may have flipped for higher amount. They might be right or not and He may or may not have done that, for me it doesn't matter as irrespectively at the end i do not have any regrets and i'm content with the sale.

I would also take this as an opportunity to thank all of you, to the mods, admin and wonderful community of namepros. Thank you.
Domain trading is full time business for me and namepros.com has been crucial part of it in this journey. So thanks to each and everyone of you.
 
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Wow - Fantastic Name and Sale! I remember I had looked this name up once or twice. Glad to see you Netted what you were aiming for.

Thank you for sharing, Congratulations!
 
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Congratulations for this amazing sale!! And thanks for sharing the details!!
 
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Congrats on your sale!

Crypto trading is not allowed currently, but why would the bank have a problem with payment for a domain in fiat?

They related the transaction with cryptocurrency and because it is banned so they considered it as suspicious and declined the payment. When I tried to explain why it is wrong and that selling drugs.com doesn't mean that I'm selling drugs literally, they did understand it eventually but said they can't take risk because of very strict rules by central bank of India (RBI) after discussing with them and other experienced people, the overall suggestions and solution i got was to not show the domain name in invoice. and simply write 'domain name sale'' in short provide them with alternate invoice and telling them the relevant tax code. so 2nd time alternate invoice was provided but this time bank in order to process the payment also wanted me to write that this transaction is different than the earlier one which i didn't accept because it was not so.

I agreed to provide them alternate invoice with tax code but i didn't want to say that this transaction was different than the earlier which it was not. because of this they said they will need more time to clear the payment it was already 10 days till then so i asked them to decline it again and this time i received the payment in new bank, they simply asked me to give the signed letter providing the details and mainly they wanted relevant tax code with my identity proof. I did that without mentioning the domain name and they simply processed the payment, although they didn't ask for it but i anyway also provided them the alternate invoice.

Just in case anyone from india wants to know - first bank - private - H/D/F/C b/a/n/k
The bank that eventually accepted the payment - government bank - S/B/I ( S/t/a/t/e B/a/n/k o/f I/n/d/i/a)
 
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This is intriguing to read. Can you kindly tell us that how often you try to buy domains privately and whats your success ratio in it? And is there any pattern you follow to do it.

I try to buy it regularly but there is less motivation for it as the success ratio is very low its like as worse as 1 out of 100, few times if lucky then more than one out of 100. because many times sellers ask more than even end user price or they don't even reply or not interested to sell or they decide to sell but eventually don't its same as outbounding but here we are buyer.
but on flip side when you are able to purchase the domain this way there is great satisfaction and then it makes you feel that its worth the whole effort.

and pattern or approach is simple nothing out of rocket science, do research and try to find such names and contact the owner try to be direct that you are interested to buy the name. this is how i do. I would like to mention here that social media especially groups and networking helps a lot. I'm trying to innovate in social networking related to this. I will share about it if i get success with it.
 
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Congrats Bro, That's a nice sale.
 
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Congratulations on your sale...
 
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Brilliant news! Congratulations on a great sale, crypto might hit it's highest point in 2020-2021 and the number of available domains are fewer than ever. Epik did a big cryptoKEYWORD (com) sale last month we can't report on, but the trend is definitely upwards for crypto domains.
Hey Dan, I know you mentioned that you could not report on the "crypto KEYWORD" sale. Could you mention if it was a one word or two word sale?
 
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Many thanks @DnFolk

Nice reference for BestCrypto(.)com
 
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Hey Dan, I know you mentioned that you could not report on the "crypto KEYWORD" sale. Could you mention if it was a one word or two word sale?

Two word domain sold for high $XX,000. Can't divulge any more info, sadly.
 
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You're the Man bro! So happy for you, you deserve it!
 
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I try to buy it regularly but there is less motivation for it as the success ratio is very low its like as worse as 1 out of 100, few times if lucky then more than one out of 100. because many times sellers ask more than even end user price or they don't even reply or not interested to sell or they decide to sell but eventually don't its same as outbounding but here we are buyer.
but on flip side when you are able to purchase the domain this way there is great satisfaction and then it makes you feel that its worth the whole effort.

and pattern or approach is simple nothing out of rocket science, do research and try to find such names and contact the owner try to be direct that you are interested to buy the name. this is how i do. I would like to mention here that social media especially groups and networking helps a lot. I'm trying to innovate in social networking related to this. I will share about it if i get success with it.

Thanks a lot for answering. Helpful and insightful as always.
 
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@DnFolk Thanks for sharing, congratulations!!!(y)(y)
 
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Congratulations dude! We all will reach and exceed there!
 
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Happy for you bro great sale!
 
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Congrats @DnFolk.

With BTC back above $10K with momentum, crypto domains are about to become red- hot again. I don't think you need to be a prophet to see that.

no u do not need to be one to see that.
however you do need to be a prophet to see if btc will keep going up in future.. or the other way ;)
 
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Just for fun I had submitted this name to all brandable marketplaces all of it accepted for less than 5K. With BB being the lowest they accepted for 2495.

did you submit this name to BB in 2017 when u bought the domain or recnetly?

AND CONGRATS ON SALE!
 
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Congrats...all the best for future sales...
 
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Congrats and thanks for sharing all the nitty-gritty details from acquisition to sale. Posts like these are what NamePros is all about!
 
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Sometime before i had mentioned here about my $30K sale and since then many showed interest to know about it through PM and otherwise. Immediately after i had that sale in jiffy i shared it with my few friends and other domain community on whatsapp and before i realize it was spread very quickly among them, many know it already, so i decided to share at NP also, here is the name and the sale -
Show attachment 144422
I had bought this for mid xxx in 2017, you will find 7k+ sale on namebio.com but i had waited for the expired auction end to transfer it away something which we cannot do now as godaddy reduced the number of days allowed after expiry.

Coming back to the name i had rejected many offers including of 25k but it was recieved via afternic listing. So there i would have got 20K. I rejected 20k euro offer also at dan. Here i was ready to sell this for 30K only because of direct sale and negligible commission of escrow.com. otherwise i won't have sold with net amount anything less than this.

Usually because of various reasons i share about 20-25% of my sales and never shared my five fig sales (9988 and more) anyway i only had 8 of it previously and this is the highest of total now 9 such sales.
I have a request here i don't want anyone to report or type this domain name anywhere this because buyer was spammed after i had shared earlier on whatsapp group. And the current owner is not the buyer of this name. Some told me that you could have got more considering the original buyer and he may have flipped for higher amount. They might be right or not and He may or may not have done that, for me it doesn't matter as irrespectively at the end i do not have any regrets and i'm content with the sale.

I would also take this as an opportunity to thank all of you, to the mods, admin and wonderful community of namepros. Thank you.
Domain trading is full time business for me and namepros.com has been crucial part of it in this journey. So thanks to each and everyone of you.

Congratulation, nice job.
 
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Sometime before i had mentioned here about my $30K sale and since then many showed interest to know about it through PM and otherwise. Immediately after i had that sale in jiffy i shared it with my few friends and other domain community on whatsapp and before i realize it was spread very quickly among them, many know it already, so i decided to share at NP also, here is the name and the sale -
Show attachment 144422
I had bought this for mid xxx in 2017, you will find 7k+ sale on namebio.com but i had waited for the expired auction end to transfer it away something which we cannot do now as godaddy reduced the number of days allowed after expiry.

Coming back to the name i had rejected many offers including of 25k but it was recieved via afternic listing. So there i would have got 20K. I rejected 20k euro offer also at dan. Here i was ready to sell this for 30K only because of direct sale and negligible commission of escrow.com. otherwise i won't have sold with net amount anything less than this.

Usually because of various reasons i share about 20-25% of my sales and never shared my five fig sales (9988 and more) anyway i only had 8 of it previously and this is the highest of total now 9 such sales.
I have a request here i don't want anyone to report or type this domain name anywhere this because buyer was spammed after i had shared earlier on whatsapp group. And the current owner is not the buyer of this name. Some told me that you could have got more considering the original buyer and he may have flipped for higher amount. They might be right or not and He may or may not have done that, for me it doesn't matter as irrespectively at the end i do not have any regrets and i'm content with the sale.

I would also take this as an opportunity to thank all of you, to the mods, admin and wonderful community of namepros. Thank you.
Domain trading is full time business for me and namepros.com has been crucial part of it in this journey. So thanks to each and everyone of you.

May I ask should @Michael remove the $7,299 sale https://namebio.com/learncrypto.com I take it that it closed and you were in process of transferring out, so Namebio recorded it? Thank you
 
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Just in case anyone from india wants to know - first bank - private - H/D/F/C b/a/n/k
The bank that eventually accepted the payment - government bank - S/B/I ( S/t/a/t/e B/a/n/k o/f I/n/d/i/a)

Really appreciate your detailed account of things.

About the banks, I would have expected the opposite, but I guess it sometimes depends on the intelligence and awareness level of the individuals you're dealing with at the particular bank branch. Though H/D/F/C does have a deer in the headlights reaction towards the customer regarding innovative stuff in my experience.
 
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