NameSilo

Five Figure Domain Sales right after relocating to Malaysia!

Labeled as showcase in Domain Selling and Domain Sales started by AbdulBasit.com, Sep 17, 2019.

Replies:
119
Views:
13,989

  1. freety85

    freety85 Established Member

    Posts:
    168
    Likes Received:
    145
    Good luck with the new country, spectacular sales as always. Congrats AbdulBasit
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. barybadrinath

    barybadrinath Upgraded Member Gold Account

    Posts:
    504
    Likes Received:
    462
    have a visit to johor bahru which is at the border of singapore and malaysia , Abdul bhai !!

    fantastic food !!
     
  3. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    Thanks for your suggestion. That's on my future visiting list... May be early next year..
     
  4. Danish Harjiani

    Danish Harjiani Established Member

    Posts:
    233
    Likes Received:
    929
  5. Cryptoearn.co

    Cryptoearn.co Established Member

    Posts:
    202
    Likes Received:
    19
  6. Windoms

    Windoms Established Member

    Posts:
    468
    Likes Received:
    674
    @AbdulBasit.com Congratulations on these sales.

    I believe your portfolio is with Uniregistry.
    I've read that Uni doesn't support afternic fast transfer / sedo mls.
    When I add a brand new Godaddy registered domain to afternic with BIN, I am able to see the price and Ibuy the domain when I search for it on Godaddy.com, namecheap.com, epik.com without fast transfer being active.
    Can you have the same (find the domain with price on godaddy namecheap epik search), if the domain is registered at Uniregistry and added to my afternic account?

    I am asking because I am seriously considering transferring all my domains to Uni. Management tools and interface are unbelievable. Lightyears ahead of competition.
    I understand why so many premium domains forward to uni landers.
     
  7. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    Yeah, my portfolio is at Uniregistry.

    You've read that correctly that Uni doesn't support Afternic fast transfers and Sedo MLS which is a big disadvantage.

    Yeah, I find the same at those sites. But the price is juggling at every different registrar. Like if I search my domain at Name.com, the price is more than what I've set BIN.

    But Uniregistry don't have the full exposure of having the domains listed at every registrar due to not being supporting Afternic fast transfer and Sedo MLS.

    One of the reason being with them is their best interface and managing domains. There is no such match with any registrar.

    Give them a try and you'll see good results IMO.
     
  8. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

    Posts:
    9,755
    Likes Received:
    8,598
    Uni's only downside right now is not support self managed payment plans, they need to be done thru a broker, and they charge $40 per month to the buyer to manage it, as well they take their full commission from the first payment, so if the buyer stops after 1 payment, who really gets the best advantage from it, should be structured a bit more fairly on the first payment share.
     
  9. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    I wasn't aware of this situation. This doesn't sounds good and yes they do lack offering managed payment plans option like DAN does but I still don't like to point my domains to their landers because paying 9% commission just doesn't make sense to me.

    Payment plan option is big time missing from Uniregsitry as well as not supporting Afternic Fast Transfers and Sedo MLS.
     
  10. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

    Posts:
    9,755
    Likes Received:
    8,598
    If you watch your old lead followup, and sometimes old clients respond, there brokers are taking 2-4 days to respond to some of these clients now, I am not sure why the slowdown, if they have cut staff in the sales office, but this is a very long time. Just small things I am noticing. They do allow you to charge the buyers the CC processing fee now which is nice.

    Payments plans are the future, and if the buyer makes a few payments, and walks away, you keep the funds, and the domain, no harm done. Epik offers good self managed payment plan solutions.
     
  11. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    I don't forward my old leads to them due to several reasons which they haven't fixed yet. But yes, their brokers are taking more time than usually in past.

    Yeah, the CC processing fee can now be put on buyer which is good thing.

    Payment plans are what Uniregistry should take seriously and makes it available for all their clients.
     
  12. Windoms

    Windoms Established Member

    Posts:
    468
    Likes Received:
    674
    I have two other questions.

    When you set domains to ''Brokered''.
    Whenever there's an inquiry, are you notified that negotiation is underway before any offer / counter offer is made? Do you set minimum acceptable offers or are you the one accepting offers?

    I see the parking metrics page.
    When someone visits your Uni lander, are you able to see where the visitor is from (country)?
    Is there a way to integrate Google Analytics?

    Thank you
     
  13. Domains@ddict

    [email protected] Established Member

    Posts:
    43
    Likes Received:
    39
  14. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    I haven't forwarded the lead myself for long time so I'm not sure what's their current strategy. But in past, whenever the inactive lead was forwarded to their broker, they usually contacted me back when there was any progress in terms of asking price, counter offer, etc. from the buyer.

    Uni lacks in showing where the visitor is coming from and no way to integrate GA as far as I know.
     
  15. Windoms

    Windoms Established Member

    Posts:
    468
    Likes Received:
    674
    It is also the same for new leads right (vs old inactive leads)?
    They notify you for offers etc.. are you the one that decides to accept / counter such and such offer?
     
  16. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    For all new leads, they come to me directly and I handle it myself. So it's different scenario for new leads vs inactive leads.
     
  17. Windoms

    Windoms Established Member

    Posts:
    468
    Likes Received:
    674
    Yes I understand that. I believe it is because you have ''Brokered'' turned off so leads go to you directly.
    What I mean is if you turn that ON (I understand you haven't done it in a long time), do they notify you everytime there's a new offer, and are you the one that decides to accept / counter offers? Or are they simply asking for your asking price and floor price?

    @wwwweb maybe you've used it recently.
     
  18. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    When I used that service, they notified when for any offer/counter offer/price quote request/floor price, etc.
     
  19. Recons.Com

    Recons.Com Top Member VIP

    Posts:
    5,834
    Likes Received:
    11,426
    Congrats, Abdul! Couldn't have happened to a better guy!

    Regarding 9%, Uni is not cheap either. I had $1995 sale (self brokered) on days and I received $1857, so their fee plus credit card charge added up to $138 or almost 7%.
     
  20. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    Thank you dear :happy:(y)

    You can always put the credit card/PayPal fee on buyer to be paid so you'll end up paying their service fee which is quite nominal. Earlier they didn't allow the option to choose who pays the fee but in recent time they've started allowing the seller to choose who pays the credit card/PayPal fee.

    I always choose buyer to pay the fee and never had issues from buyer's point of view. So I would suggest you do the same as well.
     
  21. Recons.Com

    Recons.Com Top Member VIP

    Posts:
    5,834
    Likes Received:
    11,426
    I normally negotiate the price and don't like surprising clients with hidden fees.

    In this case, the guys wanted to pay $500, when I quoted $5K, he said no thank you, did not know names cost that much, max I can get my partners to is $1000. I declined. Waited for 4 weeks, then basically emailed that I am having a promo for limited time, just follow the domain, click bin at $1995 and take the name right away. Which he did ) Given that I paid under $150 for the name few months back, I am still happy, but just stating that their fees add up to being similar to DAN. But the advantage is that the contacts are transparent. Which helped in this case, because I actually called and talked to the guy in the beginning and had an idea who it is and how to approach him. With DAN it would have been dead.
     
    Last edited: Sep 25, 2019
  22. NamesCost

    NamesCost Established Member

    Posts:
    323
    Likes Received:
    230
    Congrats on the sale! What great timing!
     
  23. Larion

    Larion Established Member

    Posts:
    184
    Likes Received:
    208
    the commission at DAN is 9%
    the commission at SEDO is 15%

    What is the commission at UNI ?
     
  24. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,466
    Likes Received:
    6,816
    If the buyer came through Sedo search, Sedo commission is 15%. If it's through Sedo partner registrar, than 20% commission.

    At Uni, if the buyer comes using their lander and you handle the lead/inquiry yourself, you end up paying no commission.
     
  25. Larion

    Larion Established Member

    Posts:
    184
    Likes Received:
    208

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...