.co $9 to $1000 in 6 days

[s.azis]

Domain Name : Ph/os/pha/te.co
Purchase Price: Handreg 23-03-2018 for $9
Asking Price $1200
Sales Price : $1000 today
Venue : Outbound/Undeveloped.com
Hold time : 6 days
Net Profit : $991 (what impressed me about @Undeveloped is i received the payment on my paypal account one hour after transferred the name)

this is my fastest and Biggest sale ever. and the best part about it : i tried to sold this domain for $100 at DN wanted section 2 days after reg it but got no reply

 

[ro5hit]

Congrats @s.azis

 

[Mark I.]

Awesome dude, congratulations!

 

[thevictor]

Congrats!!! Great work!

Excuse my ignorance on this one, but how were you able to transfer the domain name before the initial 60 day lock was lifted?

 

[Mark I.]

Congrats!!! Great work!

Excuse my ignorance on this one, but how were you able to transfer the domain name before the initial 60 day lock was lifted?

You can push to another account immediatly after registration on most registrars. I guess it wasn't a transfer to another registrar.

 

[singhhooda]

Now that was an inspiring story!

It also made me learn few techniques to find a potential buyer.
Keep it up!

 

[singhhooda]

I have a quick question : In-spite of having various choices to select a platform to do the transaction, why you have chosen UPDEVELOPED?

Any advantage you see in terms of fees?
You could have easily chosen Payoneer Escrow and it would have reduced the fees?

Also have put BIN or make an offer at all the platforms for this domain as your buyer could have checked any of them before?

Your reply will be helpful and much appreciated.
Thanks in advance!

 

[thevictor]

You can push to another account immediatly after registration on most registrars. I guess it wasn't a transfer to another registrar.

That makes sense. I guess I misunderstood his wording. I haven't sold any domains through Undeveloped so I am not sure how their process works.

@s.azis did you have to push the name to a Undeveloped holding account before receiving the payment?

 

[Fancy.domains]

Great! Congrats!

 

[s.azis]

That makes sense. I guess I misunderstood his wording. I haven't sold any domains through Undeveloped so I am not sure how their process works.

@s.azis did you have to push the name to a Undeveloped holding account before receiving the payment?

right, i pushed the domain first to undev account.

 

[thevictor]

right, i pushed the domain first to undev account.

Awesome! I am curious as to what happens after you push it to them. Do they then ask the buyer to create an account at the same registrar where the name is registered so the buyer can get the name asap?

Does anyone know how marketplaces handle domain sales that were registered less than 60 days ago?

 

[s.azis]

@singhhooda
all my domain using undeveloped landing page with BIN price along with make offer.
and yes i choosing them because they only charge 9% sales fees.

 

[singhhooda]

@singhhooda
all my domain using undeveloped landing page with BIN price along with make offer.
and yes i choosing them because they only charge 9% sales fees.

Thanks for your reply.

 

[Nripesh Ranjan]

Wow...Very impressive and fast deal.

 

[Coinking]

.co going up and many enduser like it if .com not available.

 

[DomainBarracksRob]

Congrats and thank you for the fiverr info!!

 

[LtColonel]

Good one mate.

 

[anantj]

Congratulations on the sale. This is an excellent ROI/Time to see. Very good job

Net Profit : $991 (what impressed me about @Undeveloped is i received the payment on my paypal account one hour after transferred the name)

I'm assuming you mean gross profit (i.e. before Undeveloped's commission and PP fees)? AFAIK, undeveloped charges 9% of the sale price as commission and ~4.4% by PP to receive funds (+ potentially currency conversion charge).

 

[s.azis]

I'm assuming you mean gross profit (i.e. before Undeveloped's commission and PP fees)? AFAIK, undeveloped charges 9% of the sale price as commission and ~4.4% by PP to receive funds (+ potentially currency conversion charge).

here is why undeveloped didn't charge me 9% commission : few months ago the only one IDN domain that i own sold at undeveloped, (a single character .com, i bought it at namesilo expired domain auction, the reason is because this domain previously sold at sedo for $3k) after the buyer complete the payment and receive the domain, he realize that he not bought single letter .com and asking undeveloped to cancel the transaction and refund his money, and they accept it since all IDN domain that listed at their marketplace is not marked as IDN. and for the compensation undeveloped offering me commission free transaction for my next sale.
about paypal fees i don't have idea about it, i receive $1k in my paypal account

 

[anantj]

here is why undeveloped didn't charge me 9% commission : few months ago the only one IDN domain that i own sold at undeveloped, (a single character .com, i bought it at namesilo expired domain auction, the reason is because this domain previously sold at sedo for $3k) after the buyer complete the payment and receive the domain, he realize that he not bought single letter .com and asking undeveloped to cancel the transaction and refund his money, and they accept it since all IDN domain that listed at their marketplace is not marked as IDN. and for the compensation undeveloped offering me commission free transaction for my next sale.
about paypal fees i don't have idea about it, i receive $1k in my paypal account

Ah. Understood. Thank you for the detail. That's generious of Undeveloped.
About the PP fees, interesting. Perhaps Undeveloped uses PP mass pay which does not incur a receiving charge. Perhaps another member can clarify this point. Also, since you're based in Indonesia, I'm not sure if you're allowed to retain the funds in PP. If yes, then that's good. In my country, we cannot hold funds in PP so PP forcibly transfers the funds to our bank accounts which costs us addition in terms of forex conversion fees and transfer fees

 

[shayan]

Amazing, great strategy. Keep it up!