IT.COM

sales My Biggest Sale Yet - $24.5k

Spaceship Spaceship
Watch
Hi All,

Wanted to report my biggest sale yet that came after revising my prices back in August. I'd like to thank everyone here and special gratitude to @Riz M., @AbdulBasit.com & @DnFolk for also reporting their recent large sales. It has been very much appreciated. Also a thanks to Mike Mann for continually reporting his sales on twitter.

Special thanks to Rick Schwartz for his video below. You should checkout his blog, videos and twitter regularly if you don't already. It helps to keep things in perspective.

https://twitter.com/DomainKing/status/1156858192711888896


upload_2020-3-21_21-12-28.png


Purchased in 2016 for $19.47 via godaddy.

I've been buying and selling domains for over 17 years. Prior to August, I'd been selling about 60-70 domains per year to end users, but last year I revised the prices on about 30-40% of my domains (see below). The reason I increased pricing on many of my domains was because it really felt like I was underselling many domains and leaving too much money on the table.

So the plan was to increase the prices to NameWorth suggested levels (where I feel it makes sense) and then try to get to $250k in annual sales from the current $130k-$140k. So hopefully I'll get there, or maybe I'll crash and burn because the prices are too high. But the first month is looking great so far and on track
HUGE DOMAINS SNIPING GODADDY CLOSEOUTS

While this has been the second 5 figure sale since August and my average sale price is much higher than in prior years, my overall sales have not really been higher.for the last 12 months as the higher prices on the top 30-40% of my names have likely decreased the quantity of sales. Maybe I'll try to fine tune this over time to see if I can achieve the right balance.
 
Last edited:
124
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
3
•••
Amazing sale, thanks for sharing. Wish you more sales like this (y)
 
6
•••
4
•••
Congrats & thanks for sharing!
 
3
•••
nice...

thought it was plantgrow
then the price would make more sense
now it does not... unless im missing something ;)
cheers
 
6
•••
Congrats @NameBuyer.com for your great sales, its may be one of your happy day. Next time we also want to hear your other great sales in this forum
 
4
•••
Congratulations to you for the great sale.
 
5
•••
Congrats on the sale! AWESOME and cheers to many more.
 
4
•••
2
•••
Happy to know this, Super sale @NameBuyer.com Congratulations. Wish you many more such sales.
 
8
•••
Hi All,

Wanted to report my biggest sale yet .

That is awesome! Some great news in a not so great time right now! This is what we needed - thank you!!!!
 
6
•••
8
•••
Congrats! and thank you very much for sharing this.
 
4
•••
why someone would buy that - plant -o- grow?

made me hopeful about my domains off couse
 
0
•••
4
•••
3
•••
why someone would buy that - plant -o- grow?

made me hopeful about my domains off couse

I think it's "Plan To Grow", but not entirely sure.
 
3
•••
3
•••
2
•••
These are my favorite threads on Namepros

Thank you, @NameBuyer.com.

Samer
 
Last edited:
3
•••
2
•••
Thanks to all for the positive feedback and good wishes. I wish you all the best of luck in your future sales.
 
3
•••
Good price for that domain.

How many domains are you holding?

Also - nameworth is your appraisal platform so is this alleged sale posted here to support that nameworth is a worthwhile appraisal tool?

I have around 6,600 domains now. Part of those are with a partner. Trying to grow to over 10,000 domains in the next year.

I don't want to advocate NameWorth here, I was just referencing my prior post that at a particular point in time I was making an effort to up the prices on 30-40% of my domains in an attempt to increase revenue and get higher sales.

If I had less domains I probably would have manually evaluated all the prices. But the thought of manually re-evaluating over 6,000 names was painful, so that's why I ran them through the tool first to identify the top names, then manually reviewed the domains that were flagged.

After 17 years, I've gotten 2 of my highest sales so far in the last 12 months, so the effort has been successful in that respect, but the total revenue is about the same as mentioned in my post above. The end result is I've sold and leased 40 names in the last 12 months, instead of 60-70 domains like I had in the prior 3-4 years.
 
Last edited:
10
•••
I have around 6,600 domains now. Part of those are with a partner. Trying to grow to over 10,000 domains in the next year.

I don't want to advocate NameWorth here, I was just referencing my prior post that at a particular point in time I was making an effort to up the prices on 30-40% of my domains in an attempt to increase revenue and get higher sales.

If I had less domains I probably would have manually evaluated all the prices. But the thought of manually re-evaluating over 6,000 names was painful, so that's why I ran them through the tool first to identify the top names, then manually reviewed the domains that were flagged.

After 17 years, I've gotten 2 of my highest sales so far in the last 12 months, so the effort has been successful in that respect, but the total revenue is about the same as mentioned in my post above. The end result is I've sold and leased 40 names in the last 12 months, instead of 60-70 domains like I had in the prior 3-4 years.
I'll say congrats to you as well NameBuyer. A few questions and a few observations. Did you personally have an "end user" or a "use" in mind for plantogrow.com when you registered the domain in 2016? Regardless, do you know what the "end user" intends to use it for now? The reason I ask, if you attempt to access plantogrow.com it just takes you to a login page where you need a user id and password to enter.

My first thought was, "plan to grow" what?....corn, assets, your business etc? As you know, most of us don't reach our potential or goals because we "fail to plan"

Like you I follow NameWorth and their valuations, and I see where they value plantogrow.com at $34,500 while GD values it at $2,134, FreeValuator at $2,375 and Epik/Estibot at $460. Note, i see where Estibot just changed their valuation to $25,000 based on your recent sale:xf.rolleyes: To make another point, of the thousand domains I own, 50 of them have valuations from $5,450 to $44,500 at NameWorth, and as a result of your sale, i intend to pay more attention to those domains:xf.smile:....thank you!

A couple more observations...i see where you have a "partner" in your domain quest. It's pretty much a fact that two heads are better than one, and while I'm able to create comparable names to plantogrow.com almost daily, i need help bringing them to market.

Finally, i think I read where you liquidate less than 1% of your portfolio annually? While that works for your business model, it most likely doesn't work for everyone's. What I'm saying is, there's more than one way to succeed in this business and you've carved out your way....good on you(y) and thanks for sharing.

One last thing...i just hand reg'd a domain very similar to the name ProfessorBrad.com, that btw is already registered. However, Nameworth values ProfessorBrad.com at $1,750 while it values the domain I just registered at $7,450. My point is that I seem to be getting better at this every day, and NameWorth is confirmation:xf.wink:
 
2
•••
Do you mind sharing if this was this a BIN sale or negotiated? I would love to know how the negotiation went if you are willing to share. I am always curious to know how 5+ figure sales are negotiated...
 
6
•••
  • The sidebar remains visible by scrolling at a speed relative to the page’s height.
Back