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information From $20,000 offer to a $75,000 domain sale

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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,585
Hello everyone,


It's been quite some time since I've shared any domain sale so I thought to share it with you all and start this year's first post with a bang. It was in late December 2021 when I received an offer of $20,000 for one of my domains SMKT.com through Afternic. This domain had a BIN of $75,000. Before I give any further details about this sale, I want to give the due credit especially to the broker who handled this deal as well as my Afternic manager. It's not at all easy to educate and convince the buyer to buy the domain at such a high level of BIN price.


So coming back to the sale, the buyer revised their offer to $35,000 but the broker somehow convinced them to buy at the full BIN price of $75,000. This was a remarkable sale and I sincerely appreciate the top notch work done by the Afternic team who was involved in making this great sale happen. It took 6 days from the time I was informed about the $20,000 offer to the sale email I received from Afternic!


By the way, this may look like a random 4 letter domain but SMKT combination can be used for Supermarket, Sales and Marketing, Smart Marketing, etc. Also this domain was acquired more than 7 years back so one can see how long sometimes we need to wait for the reward of this level.


Overall, I've had a fantastic last year which was another record breaking one than 2020. The last year ended with just a little over 6,300 domains in my portfolio and 120+ domain sales in total.


Feel free to share your last year ending sale(s) and your feedback on the 4L sale is welcome!
 
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koolishman

Top Member
Impact
8,384
3
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Impact
17
Congratulations on such a great sale! Thank you for sharing!
 
3
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Sumeeth

DomExpertTop Member
Impact
3,626
Congratulations👏👏 Great sale, Thanks for sharing 😊
 
3
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DomainBarracksRob

Top Member
Impact
7,943
Hello everyone,


It's been quite some time since I've shared any domain sale so I thought to share it with you all and start this year's first post with a bang. It was in late December 2021 when I received an offer of $20,000 for one of my domains SMKT.com through Afternic. This domain had a BIN of $75,000. Before I give any further details about this sale, I want to give the due credit especially to the broker who handled this deal as well as my Afternic manager. It's not at all easy to educate and convince the buyer to buy the domain at such a high level of BIN price.


So coming back to the sale, the buyer revised their offer to $35,000 but the broker somehow convinced them to buy at the full BIN price of $75,000. This was a remarkable sale and I sincerely appreciate the top notch work done by the Afternic team who was involved in making this great sale happen. It took 6 days from the time I was informed about the $20,000 offer to the sale email I received from Afternic!


By the way, this may look like a random 4 letter domain but SMKT combination can be used for Supermarket, Sales and Marketing, Smart Marketing, etc. Also this domain was acquired more than 7 years back so one can see how long sometimes we need to wait for the reward of this level.


Overall, I've had a fantastic last year which was another record breaking one than 2020. The last year ended with just a little over 6,300 domains in my portfolio and 120+ domain sales in total.


Feel free to share your last year ending sale(s) and your feedback on the 4L sale is welcome!


Congratulations !! Thanks for sharing, I was recently thinking of your old post and though of sending you a hello as to see how things have been going for you. Glad your year went well.

1 question
What was your MIN offer set at on Afternic inorder for the $20k to come through ?


Cheers,

Rob
 
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buydomainnames

Established Member
Impact
533
Congrats on great sales
 
2
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Digital Kush

Established Member
Impact
75
Great...then we can expect more for pronuncable ones...
 
1
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elevator

DNCombo.comTop Member
Impact
1,333
@AbdulBasit.com Congratulations and I wish you and myself more sales.

Cheers
 
3
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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,585
Congratulations !! Thanks for sharing, I was recently thinking of your old post and though of sending you a hello as to see how things have been going for you. Glad your year went well.

1 question
What was your MIN offer set at on Afternic inorder for the $20k to come through ?


Cheers,

Rob

Thank you Rob for your well wishes and your willingness to get in touch which is nice to know 🥰

BIN/Floor/Reserve was $75,000 and Minimum as $19,888.
 
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hui2000

Stable BrandsTop Member
Impact
949
Always amazing, Congrats friend
 
3
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wwwulff

Top Member
Impact
6,269
Congratulations and Thank you for sharing (y)
 
3
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freety85

Established Member
Impact
2,888
congrats @AbdulBasit.com , appreciate the insights on the deal. Indeed your started with a bang. May 2022 be even better for you.
 
3
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Sutruk

Top Member
Impact
10,850
Congrats @AbdulBasit.com ! Awesome sale and very well done in negotiations for sticking to your BIN price! (y)
the buyer revised their offer to $35,000 but the broker somehow convinced them to buy at the full BIN price of $75,000
Did you tell the broker to accept only $75,000? Or did you say, for example, $50,000 but the broker finally got it to $75,000 by himself?
 
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sharfab

Top Member
Impact
1,925
Wonderful Sale with patience Alhumdulilah..
 
3
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topdom

Top Member
Impact
1,492
Congrats. Extremely high price.
But maybe it was already sold when you got 20K offer.
 
2
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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,585
Congrats @AbdulBasit.com ! Awesome sale and very well done in negotiations for sticking to your BIN price! (y)

Did you tell the broker to accept only $75,000? Or did you say, for example, $50,000 but the broker finally got it to $75,000 by himself?

Thank you!
I gave 5K room only to negotiate means 70K at the minimum but like I always say that AN brokers do the best to get the maximum.
 
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rawapesona

Established Member
Impact
320
Congratulations👏👏 Great sale, Thanks for sharing 😊
 
2
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Pazu

Established Member
Impact
1,250
Sweet sale and appreciate your stories. I took your advice some monthly back and am testing Afternic parking but didn't get any broker contact and it's weird not even knowing if people are interesting in my domains. I did get one BIN sale through the sales network on a meta domain though and the transaction went smoothly.
 
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AbdulBasit.com

DomainsWeb.comTop Member
AbdulBasit.com
Impact
13,585
Sweet sale and appreciate your stories. I took your advice some monthly back and am testing Afternic parking but didn't get any broker contact and it's weird not even knowing if people are interesting in my domains. I did get one BIN sale through the sales network on a meta domain though and the transaction went smoothly.

Thank you for your feedback and sharing your experience. Always nice to hear what others are going through which helps in learning something new.

It mainly depends on the quality, quantity of your domains and pricing.
 
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Dooner888

Established Member
Impact
73
Fabulous achievement Abdul
 
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ir7

SEVEN.ENTERPRISESEstablished Member
Impact
39
Thank you Rob for your well wishes and your willingness to get in touch which is nice to know 🥰

BIN/Floor/Reserve was $75,000 and Minimum as $19,888.
Congratulation & thanks for sharing!
 
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FolioTeam

Brandsq.comTop Member
Impact
6,915
Congrats on the sale
 
2
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Hui Siew Choong

Established Member
Impact
702
Hello everyone,


It's been quite some time since I've shared any domain sale so I thought to share it with you all and start this year's first post with a bang. It was in late December 2021 when I received an offer of $20,000 for one of my domains SMKT.com through Afternic. This domain had a BIN of $75,000. Before I give any further details about this sale, I want to give the due credit especially to the broker who handled this deal as well as my Afternic manager. It's not at all easy to educate and convince the buyer to buy the domain at such a high level of BIN price.


So coming back to the sale, the buyer revised their offer to $35,000 but the broker somehow convinced them to buy at the full BIN price of $75,000. This was a remarkable sale and I sincerely appreciate the top notch work done by the Afternic team who was involved in making this great sale happen. It took 6 days from the time I was informed about the $20,000 offer to the sale email I received from Afternic!


By the way, this may look like a random 4 letter domain but SMKT combination can be used for Supermarket, Sales and Marketing, Smart Marketing, etc. Also this domain was acquired more than 7 years back so one can see how long sometimes we need to wait for the reward of this level.


Overall, I've had a fantastic last year which was another record breaking one than 2020. The last year ended with just a little over 6,300 domains in my portfolio and 120+ domain sales in total.


Feel free to share your last year ending sale(s) and your feedback on the 4L sale is welcome!
Well and congratulations, what an awesome sales by afternic, I have been holding domains over 20 years and should be able to sell four times higher 💪
 
2
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Mister Funsky

Top Member
Impact
24,130
one can see how long sometimes we need to wait for the reward of this level.
Great advice. Congratulation on the sale and thank you for sharing it with us!
 
3
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ajenipa

Established Member
Impact
2,025
Congratulations and thanks for sharing the details.
 
2
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