sales From $2,888 and $4,400 quote to $15,888 domain sale

[AbdulBasit.com]

Hi everyone,

It’s been a fantastic year for myself and I would call it one of the best year overall in terms of domaining.

Hope the post title doesn’t confuse any one as I want to clarify this at first. The price of $2,888 was quoted to inquirer A and $4,400 was quoted to inquirer B and finally the buyer who acquired the domain is different from them. Also the timings of all 3 price quotes differ very much from each other.

First, I would like to admit my mistake that I by mistake set the price of $2,888 for Digital-Identity.com after acquiring the domain around 3 years back. So when the first few inquiries came in, I quoted $2,888 without realizing too much of the set price. The domain didn’t got sold for $2,888 as the buyer wasn’t interested at that price.

In 2018, I received inquiry via DomainAgents where the buyer initially offered $3,321 to which I quoted $4,400. Buyer came back with $3,321 again without moving a little so I gave my final offer of $4,000. Eventually the domain wasn’t sold.

I was suppose to do repricing of domains which was long due and did the repricing around some time in 2018 during which I finally set the price of $15,888 for Digital-Identity.com. The new price was quoted to several inquirers including one interested buyer coming via Uniregistry broker with an offer of $5,000 which I happily declined. This inquiry came in mid 2018.

Fast forward to 25th December 2019, I received an email from Afternic saying the domain Digital-Identity.com sold for $15,888 at BIN.

So yes, I openly admit my mistake of setting the price very low in past and it can happen with any one. At least, I realized and changed to what I think was the right price to set for Digital-Identity.com and I’m very happy to sell this domain for what it sold for. Also this is my highest hyphenated domain sale.

Feel free to share your domain sales if you want and/or give your feedback on the above domain sale.

 

[Manish Rawat]

Congratulation

 

[AbdulBasit.com]

I was trying to find the right words to congratulate you on yet another great sale @AbdulBasit.com, and then @Q88MT3P said it perfectly!

Thanks for all you contribute to domaining and NamePros.
Bob

Thank you so much as always Bob!

I think @Q88MT3P said it too good for me but I take every sale very seriously and give as much value like any. I just recalled my first domain sale which was of Argentina.cc for $740 in 2011. That special moment in my life I can still remember

 

[Illuminated]

Are you referring to DomainsWeb.com and/or AbdulBasit.com?

If yes, I rarely get any inquiry via both sites and have never sold through them. But yes, building those sites especially AbdulBasit.com have given lot of authority and trust among the endusers who many times have transferred the domain at first before I've sent them funds when both parties are happy not to use any escrow service.

Although domain haven't sold directly via those sites but the trust and built good relationships I've got matters the most to me.

I was referring to DomainsWeb.com.

Absolutely agree - even if sales aren't made it brings value elsewhere.

Thanks for answering my question.

 

[Windoms]

Everything I've always wanted to know.

I'm happy to answer your questions but going through that many, I thought why not I should start AMA (Ask Me Anything) where everyone can ask me anything :D

Yes, all my domains are pointed to Uni landers make offers. Also I recently listed with Dan but none of the offers are serious one. Also all the domains are listed at Sedo and Afternic with almost all domains having BIN.

Minimum price I set varies but usually when it's $1988 or $2988 BIN so the minimum also is the same. When the BIN is $12888 so the minimum is $6888 or $9888.

I'll be repricing my domains next year after around 1 year or so.

I don't invest in ngTLDs and won't be doing in future too. The best and safest is .com so I don't bother for other extensions even though there is high competition but the reward is the most fruitful.

I've no idea what's the secret for others for using 88/888 at the end. Also I don't follow others in this regard. But I use it for several reasons like not to end with round figure. Makes the buyer think it's somewhat calculated according to market.

Especially this part

am i right if I say that all your domains are pointed to uni landing pages (make offers)? and bin set at dan, afternic, sedo, epik, etc. what is the minimum price you set for make offers

Thank you both and congratulations on your sales.

I've always liked Uni's vertical landers like black.com for one reason:
They instill confidence.

Are all your domains registered at Uni?

 

[IPBFlippers]

Congratulations.

 

[AbdulBasit.com]

@AbdulBasit.com also are they set on
make offer only.
or make offer + bin.

vertical layout make offer.
or vertical layout submit inquiry and get price quote.

Yes, all my domains are registered with Uniregistry. Also using same sales lander like you shared an example Black.com. One of my domain you may check is PrintFactory.com

 

[Doron Vermaat]

Congrats on a stellar year @AbdulBasit.com - wishing you all the best for 2020 and please keep sharing your journey with us all!

 

[freety85]

Congrats on the spectacular sale Abdul Basit, thanks for sharing your success. Hope things working out for you in Malaysia apart from domaining.
If I'm not wrong you have around 3.5k names now, knowing you working with mainly high quality names: how many serious offers your receive monthly excluding the $20 lowballers?

Wishing you even better 2020!

 

[AbdulBasit.com]

Congrats on a stellar year @AbdulBasit.com - wishing you all the best for 2020 and please keep sharing your journey with us all!

Thank you Doron!
I highly appreciate your sharing on your blog and making our community more closer and stronger.
Hope you'll have 2020 as the best year and beat the records of 2019 which I see was the best so far for you in domaining.
Best wishes!

 

[Q88MT3P]

hello Basit, would you kindly guide us in your free time.

in which year you started domaining and with how much capital

what was your first domain sale

when was your first five figure sale from the time you started domaining

how was first 2 years in your domaining career and what challenges you faced at that time

how you managed your cash flow in earlier days of your domaining

how many domains or for how many months/years you sold high quality domains at low sacrificing price just to keep on going with domains.

your wisdom, your knowledge sharing is helping many domainers, they look upto you for your teaching, opinions and investment strategies, etc.

thanking you in advance
Q8

 

[topdom]

Wow. I sold a digital-(keyword).king for low 4 figures, but the money was embezzled by paypal.
Bought another,.. maybe my asking price should also be in 5 figures, if this is the trend.
....
Whenever there is a big sale, "similar" domains are quickly grabbed by the crowd, although normally I can buy them without much competition (if interested, usually with lots of doubdt). You killed one micro-niche with this post
.....
Alternative to digital: binary, cyber, numerical...

 

[Sutruk]

Hi Abdul. I am interested about asking you one question. Do you close some sales talking by phone, calling the buyer?
Do you think that talking by phone directly with the buyer could help in closing successfully some deals?

I am thinking that talking to the buyer can clarify a lot of things in just one call, and mainly prevent to lose that buyer due to a lack of dialogue. You can solve all his doubts, questions, the call may give him also more confidence, and if you are good talking about the benefits of acquiring your domain, it can be a plus.

Thanks a lot for sharing your domain sales experience with us, and congratulations again for your success!

 

[AbdulBasit.com]

That's why I always like to read your posts @AbdulBasit.com because there's always something to learn from you. Thanks and congrats. All the best!

And that's the main reason for sharing for you and others who like it

 

[AbdulBasit.com]

Impressive patience and great sale!
Although it is hyphenated name it is taken in 16 extensions and 3m exact matches in google, so I'm not surprised by high demand.

Abdul, how much time do you spend on domaining per week?

Thanks for your feedback
Around 56 hours.

 

[mirul]

Woww congrats @AbdulBasit.com !

 

[Domaining Ocean]

Congrats @AbdulBasit.com

 

[AbdulBasit.com]

Congratulations dear friend @AbdulBasit.com

Your details always helpful to learn. I always learning something different from each of your post.

Keep sharing. As I promised you I will start sharing sooner or later.

Thanks

Thank you my friend

Would love to see your sales detail in near future. I'm sure others would learn from your sales.

 

[slader23]

Awesome sale my friend. Another lesson learned.

 

[TauseefKhan]

Looks like a hyphenated domain roller coaster ride. Many congratulations!

 

[Orichjay]

congrats @AbdulBasit.com on this closing 2019 sale, more greats sales come 2020.

 

[Windoms]

@AbdulBasit.com also are they set on
make offer only.
or make offer + bin.

vertical layout make offer.
or vertical layout submit inquiry and get price quote.

 

[Windoms]

Yes, all my domains are registered with Uniregistry. Also using same sales lander like you shared an example Black.com. One of my domain you may check is PrintFactory.com

Thanks.
Black.com and PrintFactory.com both use same lander (vertical layout).

But Black.com has the make offer box,
while PrintFactory only allows you to submit an inquiry and get a price quote (PUR or price upon request).
I understand PrintFactory doesn't have any BIN, while G/R/O does.

Are you using PUR on unpriced domains,
and make offer on BIN domains?

There's some debate around make offer vs price upon request, what is your take on that?

 

[manpreet]

Great sale, congrats!

 

[themavrick]

Congrats!!!

All the best.

 

[tomcarl]

Awesome sale/backstory, as always. Congrats!