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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
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Hello and Assalamo Alaikum,

It’s been a while since I discussed my last domain sale. As everyone knows we are in the middle of this year and my target to make 20-24 sales per year is quite far away right now. This is my 6th sale of this year and I am not happy with the number of sales but what I can say is the total revenue generated is great so far but numbers of sales are not up to the mark.

What I have also noticed is the number of inquiries since the beginning of 2016, which has been on the low side. I have discussed this with fellow domainers and most of them were in the same boat.

Coming to the sale which I just completed through Sedo was for the domain BrightEnergy.com which eventually sold for $28,000. Buyer contacted through Sedo with initial offer of $1,000. I countered with $38,888. As the negotiation history cannot be seen right now because the sale is completed, I cannot share exactly how we negotiated further but it was something like buyer gave 5K, 10K, 12K, 15K, 17.5K, 18,300, 27,500. I wanted to tell that buyer also came through Afternic broker and those mentioned counter offers were included from both platforms. I knew the buyer is same and using Sedo and Afternic simultaneously. The entire deal took almost a month to get completed from the initial offer to completing the transaction.

I wanted to thank Brian Michitti (Sedo broker) who was very good in handling this entire transaction on my behalf and very quick in taking necessary actions on time.

Feel free to give your feedback and share your recent sales.
 
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so SEDO reports net prices now?? that is new to me.
 
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so SEDO reports net prices now?? that is new to me.

I cannot comment on this because I was into such situation for the first time. Tag someone from Sedo and they will better guide on this issue.
 
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the values do not match also. $28k minus 15% is $23,800.

SEDO in its best
 
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the values do not match also. $28k minus 15% is $23,800.

SEDO in its best

You're counting in a wrong way... Take $24,350 and add 15% commission which will make it 28K ;)
 
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that is not the way the math is done...
seller, broker, whatever have to report the traded price. if you netted $24,350 then the sales price could not be $24,350 + 15%, but $24,350 / 0,85... that is the value that enters in the accounting books. otherwise the price for the buyer was higher or you were billed about 12% commission.
 
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that is not the way the math is done...
seller, broker, whatever have to report the traded price. if you netted $24,350 then the sales price could not be $24,350 + 15%, but $24,350 / 0,85... that is the value that enters in the accounting books. otherwise the price for the buyer was higher or you were billed about 12% commission.

Actually in this case, buyer paid the commission to Sedo *directly* and that's why I got paid a little more from the total sale amount of 28K. Buyer paid to me 24,350 USD and on this amount he paid 15% commission to SEDO. I know you are counting right but that's the way they paid.
 
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ok, that makes more sense. tkx
 
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Well done brother. Great domain and even better sale!

Congrats!!
 
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Congrats! That is an Outstanding sale and great negotiation my friend :)
I have no doubt you will invest your profits in some great domains and keep your sales way up.
Well done!
 
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You have to consider the market and the alternatives that exist

How do you figure out alternatives? Do you mean researching on ZFbot?
 
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Nice, how did you work that out?

Actually in this case, buyer paid the commission to Sedo *directly* and that's why I got paid a little more from the total sale amount of 28K. Buyer paid to me 24,350 USD and on this amount he paid 15% commission to SEDO. I know you are counting right but that's the way they paid.
 
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Congrats on the sale and on the negotiation too!

To be honest, I'd probably have sold it for high X,XXX, think I wouldn't have valued it that high. Seems I'd have left a bunch of $ on the table. Well done!

Though maybe those extra $20K or so might be just peanuts for a big energy company ;)

Congrats again, hope many more to come.
 
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Congrats Abdulbasit, You are the Man :)
 
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Great work Abdul ..nice domain , better sales strategy...did you list it on sedo on marketplace or auction ?
 
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Nice, how did you work that out?

Sedo would be better to answer this. I was confused too but after clearing up with broker and transfer agent, they said buyer has accepted 28K and I will be paid $24,350 :D
 
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@lennco
Many thanks dear. Yeah, I usually invest most of the profit back into domains for betterment of future :)

@Metalogics
Thanks! :)

@RozasMD
Many thanks!
I like your honesty and that's the best thing you can have in yourself. Wish you all the best and success :)

@Daniel Mac Sweeney
Thanks bro :)

@domain12345
Thanks :)
I normally park my domains with Uniregistry market, list with Sedo and Afternic as well which increases the chance of selling your domains.
 
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hy abdul basit
can i ask, how much sedo suggest price for ur domain ?
 
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hy abdul basit
can i ask, how much sedo suggest price for ur domain ?

I never check that because all automated appraisal tools/sites are worthless to me :D
 
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I never check that because all automated appraisal tools/sites are worthless to me :D
yes i think, cause some of my domain get 10k$ and some again 300$
 
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Congrats bro.. That's a nice sale..
 
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