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AbdulBasit.com

DomainsWeb.com
AbdulBasit.com
Impact
12,736
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!
 

Joe drake

Established Member
Impact
38
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!
Congrats ,you had a good afternic broker,most of them pretty much let things dry up and blow away because they are so busy and looking for low hanging fruit if 2 to 4 % of afternic’s listings get sold a years ,with the millions listed and only a limited sales force makes for a busy afternic staff not willing to do back and forth negotiations.
 

AbdulBasit.com

DomainsWeb.com
AbdulBasit.com
Impact
12,736
Congrats ,you had a good afternic broker,most of them pretty much let things dry up and blow away because they are so busy and looking for low hanging fruit if 2 to 4 % of afternic’s listings get sold a years ,with the millions listed and only a limited sales force makes for a busy afternic staff not willing to do back and forth negotiations.
Thanks for your feedback.
I believe they need to increase their brokerage team. However, the existing brokers are doing a great job as per my experience of using their services for the last couple of years or so...
 

AbdulBasit.com

DomainsWeb.com
AbdulBasit.com
Impact
12,736
So less than 2% of your portfolio sold yearly
Around 2.25% considering the number of domains I had in the entire 2021. For example, if I had 5,000 at the beginning of January 2021 and 6,000 at the end of December 2021 so I picked 5,500 for the STR.
 

AbdulBasit.com

DomainsWeb.com
AbdulBasit.com
Impact
12,736
Ok so if 2.25% so you have eough domains for 45 years. Are you still buying?

If I don't add domains every month, the sales speed will start going down the hill as the years pass by.

Yes, I'm still buying and will keep buying for years to come but at the current buying rate which is around 1,200 new domains added in the portfolio.
 
Impact
74
If I don't add domains every month, the sales speed will start going down the hill as the years pass by.

Yes, I'm still buying and will keep buying for years to come but at the current buying rate which is around 1,200 new domains added in the portfolio.
I may have something of interest Abdul...what is your email address please?
 

Helmuts

Upgraded Member
Impact
254
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!! And, the new owners are probably as excited. Great sale!
 

AbdulBasit.com

DomainsWeb.com
AbdulBasit.com
Impact
12,736
But I checked the domain and it is still for sale on Afternic. How come?
At least half of my sales via Afternic remains with the same lander for a long period of time. Not sure why the buyers don't bother changing the nameservers. Anyways, that's not my concern and sales is what should keep happening.
 
biix