IT.COM

discuss From $125 purchase to $17,500 sale for a two-word .co name

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uzver

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Screenshot 2021-05-10 at 16.16.37.png


I find this one rather interesting so I decided to share my journey B-)

I bought the domain in May 2019.
Listed it for sale at $9,888.

On July 21st, 2020 I reduced the price to $8,999, and the very next day I received a legit $5,300 offer from a North American company. Without quoting any prices I asked them to bring the offer up a bit. Received zero responses to my "counter" email as well as on multiple follow-ups.

As a coincidence, that same summer I received a $3,500 offer for another .com domain that was priced at $7,xxx. And I also received zero responses on my proposal to increase an offer.

I was really pissed off. :xf.eek:

So I raised the prices on both names so that the next half-the-BIN offers would bring me what I want. :laugh: The .co one was priced at $15,000.

On Dec 20th, 2020 I received a new offer of $1,000 from the EU. They used some obscure email but I was able to track them down via "Name + My domain + Country" in Google. It was some EU company and they had just registered their company a couple of months prior to submitting an offer. So it was another genuine lead for the domain. We had some email exchange where I essentially told them I turned down a $5K offer back in summer and I'm surely not going to accept a lower offer, especially for a $15K domain name.

Radio silence until Jan 8th, 2021... Then the "EU guy" came back with another offer.

Screenshot 2021-05-10 at 16.52.31.png


I replied I might consider a 10K offer if we close it in January, but he said they're not ready to commit just yet.

I gave them some time so that I don't look desperate and followed up ~2 weeks later. He said they "are looking into other names due to the price of Keyword.co as well as 'keyword' being a fairly crowded name already".

A week later they replied, "We have bought another domain."

Sad...

The good news for me was that I liquidated some domains for the total amount of around 15K via DNWE as I needed cash to start a small local business. So I was upset but okay B-) And because of the offers I knew at some point, there will be another company that would want the name.

Finally, in April 2021 I received a 4K NET offer via Afternic broker:

Screenshot 2021-05-10 at 17.17.03.png


I replied "Thanks for the offer but it’s nowhere near my asking price, so I’m going to pass altogether."

Next week I got another one:

Screenshot 2021-05-10 at 17.19.23.png


I should mention that at this point, I was pretty confident in the domain's value, and I also wanted to get well above 10K for the domain. Otherwise why I declined 8K in January? For an additional 2K in April? Doesn't make much sense, right? So I decided to stick with a BIN price of $15,000 because I would only receive ~$12,000 NET upon sale.

I replied to a broker "After giving it some thought, I’ve decided to stick to the BIN price. 12K NET is the lowest I want for the domain and I can’t justify the price reduction." And right after sending an email, I updated the price to $17,500 on all marketplaces including my own landers, because I wanted the buyers to come to me directly and I could ask for ~15K NET. :$::-D I did this a few times with other names and it never worked for me... until recently.

Two weeks later, at the end of April, I was in the position where I wanted to raise additional cash to buy some expensive stuff.

I listed a few domains at DNWE, and I also reached out to the Afternic broker (amongst a few other past leads for other domains):

Screenshot 2021-05-10 at 17.31.59.png


If you have read this far, thank you!

Now please pause for a moment and ask yourself, what kind of reply would you expect from the broker? Buyers no longer interested?
They can only offer that same amount?
Congrats, the buyers have accepted your offer?

Considering all the above, I bet you wouldn't expect this kind of reply, wouldn't you??? Neither did I!

:$::$::$::$::$::$::$::$::$::$::$::$::$::$::$:

Screenshot 2021-05-10 at 17.35.36.png


:$::$::$::$::$::$::$::$::$::$::$::$::$::$::$:

The happy end!

Thanks to the Afternic broker, who I assume touched base with buyers without mentioning I was willing to take less, the buyers just pulled the trigger on whatever the BIN was at the time. Just my thoughts, I haven't asked the broker, but I praised his abilities anyway. :xf.wink:

Please don't write the domain name in plain text to avoid it being indexed by search engines.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Congrats @uzver
Great Name.
Great Sale.
Great Story.

While I also own some great .cos, my philosophy in .co is to sell to the first guys who makes a decent offer so I would never know of I would have had several offers on a name. I think I will start to hold off a a bit lol. Recently sold a one word .co that I bought for 1.99 for 1000 and it is now listed on DAN for a lot higher lol. Apparently a domainer paid me 1000 bucks....
 
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Congrats @uzver
Great Name.
Great Sale.
Great Story.

While I also own some great .cos, my philosophy in .co is to sell to the first guys who makes a decent offer so I would never know of I would have had several offers on a name. I think I will start to hold off a a bit lol. Recently sold a one word .co that I bought for 1.99 for 1000 and it is now listed on DAN for a lot higher lol. Apparently a domainer paid me 1000 bucks....
Thanks!

It really depends on your strategy...

Setting relatively high BINs anchors the right buyer to your asking price, but probably eliminates smaller bids from people who simply cannot afford more (I’m not talking of tire kickers now).

I’ve got lots of smaller names (.com, org, .net, .co, .io) and I price those in mid XXX to high XXX. So it’s not that I’m selling all $125 purchases for 5 figures :xf.smile:

I decide on a per name basis.
 
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I would never know of I would have had several offers on a name. I think I will start to hold off a a bit lol.

I have to say I’m I’m not a .CO guru in any way.
I didn’t sell many .CO’s.
I get ZERO offers on the majority of my .CO names.

But I do sell com’s, org’s, net’s...

And that cash flow allows me sitting on my very small .co portfolio with higher BINs.

If I was confident in two-word .CO’s in general, I would have bought plenty of $125 names with the proceeds from this sale. But I won’t.
 
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Congrats and thanks for sharing...
 
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You’re just validating what I was trying to say.

An average domain for you is when domainers would not pay $125 despite end users would pay 5K, 8K, etc. Right... I hope this strategy works for you 😎

Peace

u are one confused dude aren't ya ;)

the avg part of my speech was related to the fact 99percent domainers here didnt and wouldn't pay 125 for it.

make a survey if u dont believe me.

cheers
 
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u are one confused dude aren't ya ;)

the avg part of my speech was related to the fact 99percent domainers here didnt and wouldn't pay 125 for it.

make a survey if u dont believe me.

cheers
@alcy I’m not the one who confused here :ROFL:

Just because you (or anyone else for that matter) is clueless on the domain value doesn’t make the domain average.

The demand and scarcity is what makes the valuable domain.

You’re trying to push your agenda and I disagree with it.

If that was a sale with only one end user who wanted the domain and I was smart enough to shoot to the moon, that would make your point valid.

This is simply not the case
and you seem to not be able to value the domain when all facts are presented to you... No point to continue this conversation... No offense.
 
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who cares how did you earn your money?
you pay tax on your income.
if you get income and hide it in other investments, it means you have no profit.

What is disturbing, is that you think you can determine how people should run their domain business and have a judgment that they would not act legally, or even morally reprehensible, without even knowing their exact situation.

It has been said before in this thread, but I would like to repeat it. As long as it's done within the law, it's all fine. In many countries you can even make arrangements with the tax authorities about how investments, depreciation, costs, profits, valuations, are treated. You may regret that this is possible, you may even be jealous of it, but the unfounded way you carry on here is not really appreciated.
 
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What is disturbing, is that you think you can determine how people should run their domain business and have a judgment that they would not act legally, or even morally reprehensible, without even knowing their exact situation.

It has been said before in this thread, but I would like to repeat it. As long as it's done within the law, it's all fine. In many countries you can even make arrangements with the tax authorities about how investments, depreciation, costs, profits, valuations, are treated. You may regret that this is possible, you may even be jealous of it, but the unfounded way you carry on here is not really appreciated.
It makes no sense to create a company offshore for only one time earned a few thousand.
In addition, the company cannot buy everything. And of course, the company must pay out the salary to its founder. And from this salary, some tax is taken anyway.
But this is not the point, the fact that high income must be stable, otherwise there is no sense in offshore.
 
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What is disturbing, is that you think you can determine how people should run their domain business and have a judgment that they would not act legally, or even morally reprehensible, without even knowing their exact situation.

It has been said before in this thread, but I would like to repeat it. As long as it's done within the law, it's all fine. In many countries you can even make arrangements with the tax authorities about how investments, depreciation, costs, profits, valuations, are treated. You may regret that this is possible, you may even be jealous of it, but the unfounded way you carry on here is not really appreciated.
I am not jealous, I get enough income with 0 risks, and just because I get enough money, I know that even offshore company doesn't mean not to pay tax. And also know about limits of the offshore funds.
I just hate when people say something like "I get 1000000 in 1 year and then results he pays 30-40% the next spring in tax"
 
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I have always liked locus -

add a little hype and we will soon have a plague of locuses

( sorry for clue-ing the registrars - here come the $125 primo reg fees - Hubba Hubba )
 
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Congratz ! I liked the way you managed to sell this domain name ... patience is the key, you didn't precipitated things and you got more than you asked for.

Nice to see return of experience like this, hope others can take note and make same thing ... this will help this community to grow more.
 
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Congratz ! I liked the way you managed to sell this domain name ... patience is the key, you didn't precipitated things and you got more than you asked for.

Nice to see return of experience like this, hope others can take note and make same thing ... this will help this community to grow more.
Thanks

Patience is the key, but it needs to be supported by cash flow from other sales/sources... It’s difficult to turn down reasonable offers when you need money.
 
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very reasonable price for this great name...Congratulations!
 
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Very interesting and encouraging read.
Congrats on your sale.
 
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Please don't write the domain name in plain text to avoid it being indexed by search engines.

Show attachment 189932

I find this one rather interesting so I decided to share my journey B-)

I bought the domain in May 2019.
Listed it for sale at $9,888.

On July 21st, 2020 I reduced the price to $8,999, and the very next day I received a legit $5,300 offer from a North American company. Without quoting any prices I asked them to bring the offer up a bit. Received zero responses to my "counter" email as well as on multiple follow-ups.

As a coincidence, that same summer I received a $3,500 offer for another .com domain that was priced at $7,xxx. And I also received zero responses on my proposal to increase an offer.

I was really pissed off. :xf.eek:

So I raised the prices on both names so that the next half-the-BIN offers would bring me what I want. :laugh: The .co one was priced at $15,000.

On Dec 20th, 2020 I received a new offer of $1,000 from the EU. They used some obscure email but I was able to track them down via "Name + My domain + Country" in Google. It was some EU company and they had just registered their company a couple of months prior to submitting an offer. So it was another genuine lead for the domain. We had some email exchange where I essentially told them I turned down a $5K offer back in summer and I'm surely not going to accept a lower offer, especially for a $15K domain name.

Radio silence until Jan 8th, 2021... Then the "EU guy" came back with another offer.

Show attachment 189933

I replied I might consider a 10K offer if we close it in January, but he said they're not ready to commit just yet.

I gave them some time so that I don't look desperate and followed up ~2 weeks later. He said they "are looking into other names due to the price of Keyword.co as well as 'keyword' being a fairly crowded name already".

A week later they replied, "We have bought another domain."

Sad...

The good news for me was that I liquidated some domains for the total amount of around 15K via DNWE as I needed cash to start a small local business. So I was upset but okay B-) And because of the offers I knew at some point, there will be another company that would want the name.

Finally, in April 2021 I received a 4K NET offer via Afternic broker:

Show attachment 189935

I replied "Thanks for the offer but it’s nowhere near my asking price, so I’m going to pass altogether."

Next week I got another one:

Show attachment 189936

I should mention that at this point, I was pretty confident in the domain's value, and I also wanted to get well above 10K for the domain. Otherwise why I declined 8K in January? For an additional 2K in April? Doesn't make much sense, right? So I decided to stick with a BIN price of $15,000 because I would only receive ~$12,000 NET upon sale.

I replied to a broker "After giving it some thought, I’ve decided to stick to the BIN price. 12K NET is the lowest I want for the domain and I can’t justify the price reduction." And right after sending an email, I updated the price to $17,500 on all marketplaces including my own landers, because I wanted the buyers to come to me directly and I could ask for ~15K NET. :$::-D I did this a few times with other names and it never worked for me... until recently.

Two weeks later, at the end of April, I was in the position where I wanted to raise additional cash to buy some expensive stuff.

I listed a few domains at DNWE, and I also reached out to the Afternic broker (amongst a few other past leads for other domains):

Show attachment 189937

If you have read this far, thank you!

Now please pause for a moment and ask yourself, what kind of reply would you expect from the broker? Buyers no longer interested?
They can only offer that same amount?
Congrats, the buyers have accepted your offer?

Considering all the above, I bet you wouldn't expect this kind of reply, wouldn't you??? Neither did I!

:$::$::$::$::$::$::$::$::$::$::$::$::$::$::$:

Show attachment 189938

:$::$::$::$::$::$::$::$::$::$::$::$::$::$::$:

The happy end!

Thanks to the Afternic broker, who I assume touched base with buyers without mentioning I was willing to take less, the buyers just pulled the trigger on whatever the BIN was at the time. Just my thoughts, I haven't asked the broker, but I praised his abilities anyway. :xf.wink:

Please don't write the domain name in plain text to avoid it being indexed by search engines.
Hearty Congratulations. Luck matters at time... You asked for 15k and you got 17.5K USD :)
 
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really? let's see what the tax department will say you the next spring...
last year I found out 1 sad thing - there is no how to make quick money, more you earn, more they take form you..
after 60k USD income almost all countries take from 40 to 60% tax..
Not Kuwait and most GCC states :)

Nice thread and thanks for sharing @uzver
 
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@uzver hi congrats, are you from russia?
 
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Good sale strategy and patience win! Thank you for story! Good one!
 
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from all of the above I assume I should raise the BIN in my .co domains securityservices and digitalmarket ...ha ha
 
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