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AbdulBasit.com

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AbdulBasit.com
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Hello and Assalamo Alaikum,

It's been some time I published my last post but that was due to guests at my place and was on little tour of hilly areas in my country. It seems I am back in action now ;)

Looking at the post title, one would definitely wonder that when I got starting offer of $23,000, why did I settle for 1K extra and sold it. Let me unfold the story for you...

7KnsHlY.jpg


The domain in question is 43Things.com which was nothing but a parking revenue generating from around 750,000 backlinks! It's been making hundred of dollars every month for me and I had plan to sell this domain for at least 20K. I once listed in GoDaddy Auctions but didn't meet the reserves and someone contacted me privately during that time and offered up to $10,000 which I happily declined.

Last month the buyer (current owner) of 43Things.com contacted and asked if this domain is up for sale and what I am looking for. As always, I asked the buyer to present his offer and it came out healthy one $23,000. I countered with $25,000 because I don't usually quote high price when I get a decent opening offer and always price out what I actually would ask other buyers.

He countered with $24,000 which I accepted. This guy was really cool to deal with and he did wire the payment at Escrow.com within 24 hours of his first email of inquiry! Within 2 days the entire deal was completed except Escrow.com to verify transaction and release funds.

It was my 7th sale of the year and another 5 figure sale of 2016. Going great in terms of generating cash flow but number of sales are disappointing. Overall, it's been fantastic year.

Feel free to give your feedback and share your recent sales.
 
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@AbdulBasit.com care to share your ROI on this sale? :-, In terms of % ...

Congrats!
 
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Congrats on a other great sale.
 
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So if I see a domain with 1m back links how can I know that they're not fake?
 
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So if I see a domain with 1m back links how can I know that they're not fake?

I use ahrefs.com/site-explorer for checking backlinks.
 
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I countered with $25,000 because I don't usually quote high price when I get a decent opening offer and always price out what I actually would ask other buyers.

Well done and congratulations. Very impressed with your success and I especially like this strategy because a decent opening offer is quite rare and should definitely be rewarded in some way.
 
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Great story and thanks especially for sharing it. If you made anything over 100% net profit (on this specific purchase and sale) that's amazing, and shows a smart sense of not being too greedy.

It's an interesting name and I'm curious as to what the new owner will do... perhaps relaunch it....?
 
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That is nice sale ..congrats :)
 
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Congrats...That's a nice sale.
 
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Great story and thanks especially for sharing it. If you made anything over 100% net profit (on this specific purchase and sale) that's amazing, and shows a smart sense of not being too greedy.

It's an interesting name and I'm curious as to what the new owner will do... perhaps relaunch it....?

Many thanks!
Yes, I made over 100% NET profit. I was prepared from long time to sell in that range and it eventually did happened.

I asked the new owner and he said of relaunch the site in similar niche and utilize the traffic.
 
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someone picked 42things.com lol
 
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If you don't mind sharing, where did you buy this domain and how much did you pay? Just wondering how you got such a great domain.
 
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@AbdulBasit.com

how many other offers do you reject for domain names before you reach a 5 figure sale?
 
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well done great sale and noticed that you have 1350 domains which shows that a person doesn't need a huge portfolio of hundreds of 100'000's of domain names just a decent manageable amount of good quality domain names to make a decent profit
 
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@AbdulBasit.com

how many other offers do you reject for domain names before you reach a 5 figure sale?

Hundreds of offers mostly lowballs before hitting the 5 figure mark. Last year I had almost same number of 5 figure sales as 4 figures :)

This year has been so far great and hope to end it much better.
 
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This is so awesome! Great news!!!
 
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Well done,

an inspiration to us all:lookaround:
 
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Wow, great job. Congrats Abdul.
 
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