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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,621
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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The views expressed on this page by users and staff are their own, not those of NamePros.

Save Breach

Top Member
Impact
1,396
Thanks again for sharing this Abdul. Always great to know about your sales, got inspiration from it!

Cheers
 
2
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Bipul

Established Member
Impact
273
I was waiting for your post :xf.smile: Thanks for sharing.
 
2
•••

Domain Monk

Mindful DomainingTop Member
Impact
2,671
Wow inspiring, this is years of hard work aquiring premium domains at right prices

Bow down
 
3
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Sutruk

Top Member
Impact
10,850
Congrats for the August sales Abdul and company! And thanks for sharing!
 
3
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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.
 
9
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Yusupbabay

presiden.comTop Member
Impact
7,822
Hi @AbdulBasit.com
Thanks for sharing, I've learned a lot from you
 
3
•••

Most Bay

Strongle.comTop Member
Impact
371
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 😉


Amazing sales.... Happy to hear Indonesian domainer is one of them.
 
1
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FolioTeam

Brandsq.comTop Member
Impact
6,925
Congrats on the sales and thanks for sharing.

It will be interesting if former potential buyers are notified on price reductions on the Afternic platform
 
1
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Domain Monk

Mindful DomainingTop Member
Impact
2,671
mate whats your monthly average domain acquiring cost you spend while building the portfolio.

@AbdulBasit.com
 
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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,621
Congrats on the sales and thanks for sharing.

It will be interesting if former potential buyers are notified on price reductions on the Afternic platform

Thank you!

I agree as well as disagree on that point. Agree because the interested buyer(s) will be notified and there will be chance of making a sale. The point to disagree is that some may misuse this feature by reducing the price again and again.

Considering all this, I would still like this feature to be there and what Afternic can do is to restrict the domain owners to reduce the price to once or maximum twice a month.
 
2
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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,621
3
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2
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Isaac Meeya

Established Member
Impact
1,075
Thanks for sharing
 
1
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uzver

Established Member
Impact
1,987
Great sales! Thanks for sharing.

What I find interesting is that Afternic landers directly contributed to only one out of six sales. It suggests that even you would have parked the domains elsewhere, your five sales might still have taken place via GoDaddy.

On the other hand, maybe the buyers visited Afternic landers, found the GoDaddy logo, and then navigated directly to GoDaddy.com without submitting an inquiry form at Afternic.

What do you think @AbdulBasit.com ?

Do you have any feedback from your rep on whether they track this part? Did any of the five buyers visited respective Afternic landers before purchasing the domain via GoDaddy?
 
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3
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rawapesona

Established Member
Impact
320
1
•••

AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,621
Great sales! Thanks for sharing.

What I find interesting is that Afternic landers directly contributed to only one out of six sales. It suggests that even you would have parked the domains elsewhere, your five sales might still have taken place via GoDaddy.

On the other hand, maybe the buyers visited Afternic landers, found the GoDaddy logo, and then navigated directly to GoDaddy.com without submitting an inquiry form at Afternic.

What do you think @AbdulBasit.com ?

Do you have any feedback from your rep on whether they track this part? Did any of the five buyers visited respective Afternic landers before purchasing the domain via GoDaddy?

Thank you my friend :)

I didn't think the way you mentioned and it's good point to be noted. However, we've no way to know unless Afternic shares the detail behind the scene.
 
2
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uzver

Established Member
Impact
1,987
Thank you my friend :)

I didn't think the way you mentioned and it's good point to be noted. However, we've no way to know unless Afternic shares the detail behind the scene.

They won’t share unless someone asks... And since you seem to have good relations with your rep.... :xf.rolleyes:Just saying :whistle:

Maybe @Paul Nicks can shed light on this too.
 
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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.

Thank you for that! Just yesterday have I discovered that categories and descriptions can be added to afternic-listed domains, but since these options were hidden by default, I suspected they are rather meaningless - this seems to confirm that.
 
2
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Thank you for that! Just yesterday have I discovered that categories and descriptions can be added to afternic-listed domains, but since these options were hidden by default, I suspected they are rather meaningless - this seems to confirm that.
I would not bother.

They use keyword and maybe related
 
0
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WatchDogue

Top Member
Impact
17,687
Always appreciate and enjoy your sales posts and your well reasoned comments re your names and sales!

Congrats on the great sales!
 
3
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Sinh

Top Member
Impact
2,914
Thank you for your sharing always it is very helpful for people here. Normally August is a slow month IMO but you have done it well, Congratulations.
 
2
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Skyvisum

Top Member
Impact
2,887
Thank you for sharing .It is enjoyable to read.

👍👍👏👏.
 
1
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steven55

Established Member
Impact
137
Congrats @AbdulBasit.com !

Your meticulous research and passion for domaining is really commendable!

And on top of that you are ready to share things, thanks a lot!
 
1
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@AbdulBasit.com is a very generous friend. Thank you for sharing your valuable experience.
 
2
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