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AbdulBasit.com

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AbdulBasit.com
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Hi everyone,

When I first started sharing the January experience, I wasn't expecting to continue sharing for this long but with the feedback I've received until last month has been exceptional. The main purpose of sharing my Afternic experience was for others to judge and decide for themselves whether to try their service the way I do or not. I know many of you have opted for Afternic ns3/ns4 along with BIN and found it more productive and few not as well.

Overall, I'm happy with my own results and others as well who were able to increase their sales which is what we need. SALES.

This is the 8th post of the Afternic experiment series after I published January, February, March, April, May, June and July results which I believe you'll like it.

So July was the slowest month for me but August really covered everything and I'm very happy with that. Even though I'd no complaint that month as well but was slightly disappointed.

So coming back to the sales of August are as below:

The first sale happened on 12th of August (once again started late) in the shape of MicroBladingTraining.com for $3,500. I'd kept this for $3,988 BIN but after going back and forth, the Afternic broker was able to get $3,500. The buyer came in via GoDaddy.

Second sale happened on the very next day of GeoComm.com for $13,500. I remember having $15,888 BIN. The buyer came in with a $9,000 initial offer and $12,500 as final offer. The interesting and best thing about Afternic brokers is that you can easily trust them and they'll give you the best in return. I actually said of accepting a $12.5K offer but requested to try once again and see if the buyer comes up... And fortunately he raised to $13,500. This is not something new for me as I've seen multiple times for myself and my fellow domain investors where the Afternic brokers have helped them get more than what the seller has accepted to sell it for.

Then again the very next day I'd another sale but this time the buyer hit BIN and acquired it. The domain was HarleyClinic.com which sold for $1,988.

And the best sale of the last month happened on 20th of August in the shape of BIN which was LivingLabs.com for $25,888. It's a great feeling to have BIN sales happening at such price range. I'd this domain for many years and declined several offers including the highest of $5,000 when I used Uniregistry landers.

And then there was a sale of $5,000 which unfortunately I cannot share due to TM reason. I admit of acquiring the wrong domain but totally unintentionally so when the initial offer came in of $2,500, I requested to try and see if we can get anything above that mark or else accept this offer. So once again the Afternic broker did their job what they're best at and got the buyer to $5,000. Apologies for not sharing the domain.

And the last sale of the month via Afternic was WeAreLiberty.com for $2,988 where the buyer hit BIN and purchased it.

All the domains were sold via GoDaddy except the GeoComm.com sale which happened via Afternic lander. Surprisingly no sale came via partner registrars. This shows the power of GoDaddy which is enough to make a good amount of sales for anyone holding good quality and quantity of domains.

The number of inquiries for the August was close to 550 and total number of domains at the end of last month were 4,170+/-

Total cost of acquisition was under $4,000 and total amount of sales was $52,864.

On the other hand, my friend Muhammad Aamir from DotCorner was happy to share once again his August sales via Afternic which I've copied below:

HavenGallery.com for $1,800 (Registerd $7.45 on 29th Jan, 2008).
ToonJam.com for $1,600 (Purchased for $10 back in March 2020).
PlasticRoad.com for $7,850 (12+ years old name - hand reg).

He also sold Peter.org for $8,855 privately which is another fantastic sale IMO. And the last sale was IronDecks.com for $2500 (registered for $5.99 on August 26, 2020 and Sold on August 28th DAN).

Aamir is a well experienced domain investor and he knows the ins and outs of this business so please don't go on buying spree just because he sold IronDecks.com which was hand registered last month itself. He hand registered around 500 domains in a small period of time and from that this particular domain sale happened. It's all about the quality, quantity, experience, timing, etc which matters in this business.

One fellow investor @Yusupbabay, the owner of Presiden.com shared one sale he made last month IndustrialHeart.com for a whopping $25,000. He acquired it for $59 and paid for 2 years of renewals. The reason behind this particular acquisition was that "I bought this domain because it was sold:
INDUSTRIALHEART.COM last sold for $ 22,500 on 2015-07-12 at DomainMarket".


Honestly speaking, I would've never sold for that price, let alone asking that price. I just don't get this domain but a sale is a sale and I'm happy for the seller. Congrats and thanks for sharing!

And I've a couple of answers to share which my Afternic manager was happy to share with me:

Q1) Does price reduction send any kind of alert to the past inquirer for that particular domain?

A1) We have measures in place within our automated email system to keep buyers engaged after expressing interest in a domain, but we do not automatically send emails to past inquirers when a domain's price is reduced. This is an interesting idea, I will send it along to the team to review. As of right now if a seller is significantly discounting a sought after domain, they can reach out to our Partner Seller department at [email protected]. We will be happy to review past inquiries on the domain and have the brokers reach out to drum up interest.

Q2) Also adding categories for domains make any increase in sales?

A2) Adding categories to listings does not have a measurable significance to sales velocity. The category information is not pushed out to our partner network. This feature can be used by our sellers to help keep track of their different verticals and can be seen on Afternic.com, but not across the network where the domains are distributed.

I believe this will clear out many of the investor's doubts who were looking out for this and I'm very happy to see the detailed answers.

Thank you Afternic, my relationship manager, the brokerage team and everyone involved in making the overall experience so wonderful.

Feel free to give your feedback no matter how good or good it is 😉
 
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Thanks for sharing Bro.
I know it is asking too much, but, it would be nice if you share yiur thought process behind the acquisitions.
Specially livinglabs and Geocomm. I see there is a company that was operating on hyphen foe geocomm

But what made you decide these are worth xx, xxx when you acquired them
 
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Thanks for sharing Bro.
I know it is asking too much, but, it would be nice if you share yiur thought process behind the acquisitions.
Specially livinglabs and Geocomm. I see there is a company that was operating on hyphen foe geocomm

But what made you decide these are worth xx, xxx when you acquired them

Thank you!

I'm always looking to buy 1-2 word brandable domains with more and more existing potential endusers and that domain has lots of possibilities in terms of usage.

By the way, GeoComm.com was acquired by Geo-Comm.com and was redirecting to hyphen version but today it's not resolving. Not sure the reason behind this.
 
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Thanks for sharing, Abdul!

Thanks for sharing. Just a small addition on my hand-reg experiment. Total investment was $3300 and income by selling two from those 500ish names is $3700. I have couple of other solid leads on some of the names from this lot.

Muhammad, thanks for sharing your data. Could you tell us more about your experiment? Do you make outbound?
 
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Hi Abdul,

It seems that you are a real pro. How was your learning curve?

And maybe some possible additions:

- How long was average domain ownership for top 5 (10) sales?
- How is domain ownership for top 5 (10) sales changed over last 3 years?
- Do you have successful sales with big ROI after a short ownership time (lately)?
 
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Congrats on your sale brother! God bless you with more!!

One question, do you separately list your domains with GoDaddy apart from listing with afternic?

If yes then how do you manage to verify such a big portfolio by placing txt records individually?
 
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Hi Abdul,

It seems that you are a real pro. How was your learning curve?

And maybe some possible additions:

- How long was average domain ownership for top 5 (10) sales?
- How is domain ownership for top 5 (10) sales changed over last 3 years?
- Do you have successful sales with big ROI after a short ownership time (lately)?

Thanks!

You'll know more about my domain investing career at my blog.

To answer your other questions:

1) More than 5.
2) I don't understand your question clearly.
3) Yes, many times. The shortest time and biggest ROI I can recall is of Textbooks.CO which I hand registered for under $20 and sold for $12,000 within 24 hours.
 
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Congrats on your sale brother! God bless you with more!!

One question, do you separately list your domains with GoDaddy apart from listing with afternic?

If yes then how do you manage to verify such a big portfolio by placing txt records individually?

Thank you :)

No, I never list domains separately at GoDaddy. I just add into my Afternic account.
Most of my domains get added automatically because the WHOIS is public as my domains are with Uniregistry and I never keep domains under privacy. For domains which somehow doesn't get added, I contact the AN support to manually check WHOIS and add to my account.
 
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Wonderful Sales and Report!

Thanks for sharing once again, and congrats on a spectacular month!
 
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Thanks for sharing, Abdul!

Muhammad, thanks for sharing your data. Could you tell us more about your experiment? Do you make outbound?

@Ntmt , no outbound for the names reported in Afternic August 2020 report.
 
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Thanks for sharing your sales detailes..
How many sales you get from Afternic before it as lander?
 
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Thanks for sharing your sales detailes..
How many sales you get from Afternic before it as lander?

Thank you Afzal!

I can't calculate exactly % but what I can say is that after moving to AN landers, I clearly see more sales and that too in decent 4 and 5 figures on a consistent basis which was never the case in the past.
 
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Thanks!

You'll know more about my domain investing career at my blog.

To answer your other questions:

1) More than 5.
2) I don't understand your question clearly.
3) Yes, many times. The shortest time and biggest ROI I can recall is of Textbooks.CO which I hand registered for under $20 and sold for $12,000 within 24 hours.
 
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Thank you Abdul for quick answer.

What's you sales (outbound reach) strategy?
 
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Thank you Abdul for quick answer.

What's you sales (outbound reach) strategy?

I don't do outbound at all. But I'll share my experience of outbound in coming days.
 
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Congratulations on your sales. Very insightful thread... Any words of wisdom for a newbie please?
 
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Congratulations on your sales. Very insightful thread... Any words of wisdom for a newbie please?

Thanks!

Read, read and read a lot before you invest in buying domains.
Focus only on .com
1-2 word brandable domains.
Buy domains from expiring domain auctions and GoDaddy closeouts.
Keep the average purchase price in $xx.

Good luck!
 
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Congratulations on your sales. Very insightful... Any words of wisdom for a newbie please?
Thanks!

Read, read and read a lot before you invest in buying domains.
Focus only on .com
1-2 word brandable domains.
Buy domains from expiring domain auctions and GoDaddy closeouts.
Keep the average purchase price in $xx.

Good luck!
Thanks a bunch. I appreciate. One more thing please, any link to resources I could read on to master this business? Regards.
 
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Thanks a bunch. I appreciate. One more thing please, any link to resources I could read on to master this business? Regards.

NamePros.com
Domaining.com
DNAcademy
And of course my blog in the signature.
 
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Not to hijack this thread but decided to try out the ns3.afternic.com and ns4.afternic.com nameservers on just 1 domain, just to see how it would look like about 3 weeks ago. Forgot about it until that domain just sold. It's been paid for and transferred already. So I'm trying some more now.

"I hope all is well with you!

I wanted to reach out and let you know that I have a firm offer to net you $x,xxx for this domain name.

I tried to push the buyer to your full price, but this is their best offer after pushing back and using comparable domain sales.

I understand this is lower than you expected, but it is a cash offer for your domain name.

I like to leave and present all offers to owners for final decision.

Please let me know your thoughts and if you would consider accepting this offer."
 
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Not to hijack this thread but decided to try out the ns3.afternic.com and ns4.afternic.com nameservers on 1 domain just to see how it would look like about 3 weeks ago. Forgot about it until that domain just sold. So I'm trying some more now.

"I hope all is well with you!

I wanted to reach out and let you know that I have a firm offer to net you $x,xxx for this domain name.

I tried to push the buyer to your full price, but this is their best offer after pushing back and using comparable domain sales.

I understand this is lower than you expected, but it is a cash offer for your domain name.

I like to leave and present all offers to owners for final decision.

Please let me know your thoughts and if you would consider accepting this offer."

That's fantastic that you sold the sole domain you used NS3/NS4. Sounds good!

I strongly suggest to try any platform with all your domains no matter which platform it is. Also for at least 3-4 months to see how it performs for you because there are always ups and downs.

The quoted message you shared is regarding what?
 
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That's fantastic that you sold the sole domain you used NS3/NS4. Sounds good!

I strongly suggest to try any platform with all your domains no matter which platform it is. Also for at least 3-4 months to see how it performs for you because there are always ups and downs.

The quoted message you shared is regarding what?

That was just the email they sent me.

Yep, trying out some more. Spreading things around, testing things out.
 
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Does the ns3 and ns4 count visits?
 
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Hi Abdul, Congratulations on your success. Thank you for the report.

I have one nitty-gritty tactical question. Do let me know if you have any idea on this? Assuming that one has priced the domains inside Afternic on BIN, and assuming that the domains are on NS3/NS4 lander. In such a case, if a prospect fills the form on the NS3/NS4 lander,

(a) does a notification arrive within Afternic prompting you of such an action or
(b) does the afternic team directly negotiate with the lead (as they know the BIN and floor) and and let you know only if the domain is sold, or if they need your inputs on going below the floor

I ask this because all my domains are BIN priced inside Afternic. So I have not experienced a "Price Request" through a lander. Are you notified of a prospective lead even on BIN domains?

Thanks in advance, happy to have others' view as well.
 
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