NameSilo

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

Labeled as discuss in Domain Selling and Domain Sales, started by uzver, May 10, 2021

Replies:
108
Views:
5,785

  1. blogspotter

    blogspotter Top Contributor VIP ★★★★★★★★★★

    Posts:
    1,697
    Likes Received:
    4,058
    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....
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. uzver

    uzver Established Member PRO

    Posts:
    453
    Likes Received:
    1,930
    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.
     
    Last edited: May 12, 2021
  3. uzver

    uzver Established Member PRO

    Posts:
    453
    Likes Received:
    1,930
    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.
     
    Last edited: May 12, 2021
  4. vindo

    vindo Established Member

    Posts:
    64
    Likes Received:
    79
    Congrats and thanks for sharing...
     
  5. alcy

    alcy Top Contributor VIP

    Posts:
    19,309
    Likes Received:
    33,249
    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
     
  6. uzver

    uzver Established Member PRO

    Posts:
    453
    Likes Received:
    1,930
    @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.
     
    Last edited: May 12, 2021
  7. maya-zir

    maya-zir Top Contributor VIP

    Posts:
    4,097
    Likes Received:
    1,718
  8. maya-zir

    maya-zir Top Contributor VIP

    Posts:
    4,097
    Likes Received:
    1,718
    right. and you better follow your own advice
     
  9. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

    Posts:
    1,334
    Likes Received:
    4,624
    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.
     
  10. maya-zir

    maya-zir Top Contributor VIP

    Posts:
    4,097
    Likes Received:
    1,718
    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.
     
  11. maya-zir

    maya-zir Top Contributor VIP

    Posts:
    4,097
    Likes Received:
    1,718
    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"
     
    Last edited: May 12, 2021
  12. otismo

    otismo Established Member

    Posts:
    293
    Likes Received:
    178
    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 )
     
  13. TheBuyerz

    TheBuyerz Established Member

    Posts:
    714
    Likes Received:
    1,014
    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.
     
    Last edited: May 12, 2021
  14. uzver

    uzver Established Member PRO

    Posts:
    453
    Likes Received:
    1,930
    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.
     
  15. Corey

    Corey GDBR. com VIP ★★★★★★★★★★

    Posts:
    14,801
    Likes Received:
    18,136
  16. Zilla

    Zilla KEEP or DROP VIP ★★★★★★★★★★

    Posts:
    1,759
    Likes Received:
    1,563
    very reasonable price for this great name...Congratulations!
     
    Last edited: May 14, 2021
  17. Darkniight

    Darkniight Established Member

    Posts:
    101
    Likes Received:
    223
    Very interesting and encouraging read.
    Congrats on your sale.
     
  18. DaaZ

    DaaZ CRM manager @ DaaZ.com ICA Member Gold Account

    Posts:
    184
    Likes Received:
    385
    Hearty Congratulations. Luck matters at time... You asked for 15k and you got 17.5K USD :)
     
  19. Bashar

    Bashar Kuwaiti Domainer Gold Account ★★★★★★★★★★

    Posts:
    398
    Likes Received:
    65
    Not Kuwait and most GCC states :)

    Nice thread and thanks for sharing @uzver
     
  20. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

    Posts:
    924
    Likes Received:
    820
    @uzver hi congrats, are you from russia?
     
  21. uzver

    uzver Established Member PRO

    Posts:
    453
    Likes Received:
    1,930
    Thanks

    I’m not. Why?
     
    Last edited: May 16, 2021
  22. ReallyBigIdea.com

    ReallyBigIdea.com Established Member

    Posts:
    924
    Likes Received:
    820
    because your username and some grammar :)
     
  23. uzver

    uzver Established Member PRO

    Posts:
    453
    Likes Received:
    1,930
    (y)
     
  24. TURIST

    TURIST Established Member

    Posts:
    510
    Likes Received:
    129
    Good sale strategy and patience win! Thank you for story! Good one!
     
  25. Griss

    Griss Established Member

    Posts:
    16
    Likes Received:
    8
    from all of the above I assume I should raise the BIN in my .co domains securityservices and digitalmarket ...ha ha
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
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...