Dynadot
NameSilo

AbdulBasit.com

DomainsWeb.comTop Contributor
AbdulBasit.com
Impact
13,295
Hello everyone!

It was in July 2020 when I received an offer of $4,000 on BridgeMoney.com (acquired the domain in partnership with Jamie Zoch) which was then revised to $5,750 as the best and final offer. At that time the BIN was $12,888. I declined. A month later the buyer came up with $9,000. Again the offer was declined.

Fast forward to 1st April 2022, the buyer came up with $20,000 (with BIN at $50,000 this time). I said that I’ll be accepting very close to the BIN. The buyer came up to $26,000 and said it’s their max budget. Again their offer was politely declined. I gave a deadline during which the buyer didn’t make a reasonable offer to be accepted.

Then on 27th May 2022, Afternic broker was able to bring the buyer up to $41,000 but because I’ve revised the BIN to $100,000, I said to give them $50,000 as floor price and provide them with a 10 days deadline for accepting the offer. Otherwise I won’t be selling even at this price in the future.

And today I got the good news that the domain is sold for $50,000!

Many congrats and thanks to my Afternic rep, the broker and my long time friend and partner Jamie Zoch! :xf.love:

Feel free to give any feedback no matter how good or good it is :xf.wink:
 
89 0
•••
The views expressed on this page by users and staff are their own, not those of NamePros.

AbdulBasit.com

DomainsWeb.comTop Contributor
AbdulBasit.com
Impact
13,295
Well done Abdul - great sale. Is that an upgrade for the .co or a new buyer?

Thank you John!
I'm not sure who the buyer is until the WHOIS or the domain is up and running.
 
Impact
3,089
Nice going! Shows the power of cash on hand.. 2 years ago, he would've payed around 25-26% of what he payed this year.
 

LoveCatchyDomains

Top Contributor
Impact
1,231
Out of a sense of curiousity, these are the valuation tools as of today:

GoDaddy estimated value $3840
Estibot $1500
Nameworth $2450

Aren't you glad you didn't use the automated online estimators to establish the selling price?! :unsure:
 
Last edited:

AbdulBasit.com

DomainsWeb.comTop Contributor
AbdulBasit.com
Impact
13,295
Out of a sense of curiousity, these are the valuation tools as of today:

GoDaddy estimated value $3840
Estibot $1500
Nameworth $2450

Aren't you glad you didn't use the automated online estimators to establish the selling price?! :unsure:

I've never relied on any appraisal tools. I don't care what they appraise any domains at. It's just waste of time.

You may want to check this https://www.abdulbasit.com/domain-monetization/how-do-i-valuate-domains-and-set-an-asking-price
 

Mytz.com

Domain [email protected] PITE.com GOZI.com JALI.com TOPU.comTop Contributor
Impact
1,342

LoveCatchyDomains

Top Contributor
Impact
1,231
Last edited:

PurpleMan

Top Contributor
Impact
552
Congratulations Abdulbasit on this sale and thanks for sharing your negotiation tactics. If I may ask, what made you kept increasing the BIN. From $12k to $100k within three years. Are there any underlying metrics that informed your decision?
 

AbdulBasit.com

DomainsWeb.comTop Contributor
AbdulBasit.com
Impact
13,295
Congratulations Abdulbasit on this sale and thanks for sharing your negotiation tactics. If I may ask, what made you kept increasing the BIN. From $12k to $100k within three years. Are there any underlying metrics that informed your decision?
Thanks!
I don’t find it comfortable sharing it here.
 

TangoTango

Upgraded Member
Impact
68
I'm going to go out on a limb and say the buyer is bridgemoney dot co. Nice sale.
 
Last edited:

DomainBarracksRob

Top Contributor
Impact
7,764
@AbdulBasit.com Congrats!!!

It's great to see one of you sales stories again. Always a interesting read.

Curious, what's the ratio between your min offer and bin, did you have a min set with the 50K ? Or did you set your Min to same as BIN 50K?
 

Denismth

Established Member
Impact
37
Congrats! Will this thing be my bread and butter? I wish it will be. So far I sold one below 1k.
 

AbdulBasit.com

DomainsWeb.comTop Contributor
AbdulBasit.com
Impact
13,295
@AbdulBasit.com Congrats!!!

It's great to see one of you sales stories again. Always a interesting read.

Curious, what's the ratio between your min offer and bin, did you have a min set with the 50K ? Or did you set your Min to same as BIN 50K?

Thank you so much!

As the amount in increases, the gap between the BIN and Minimum keeps increasing. So for 50K BIN, I set $19,888 as Minimum. But for all of my domains the BIN and Floor prices are always the same right from the start.
 

AbdulBasit.com

DomainsWeb.comTop Contributor
AbdulBasit.com
Impact
13,295
Congrats! Will this thing be my bread and butter? I wish it will be. So far I sold one below 1k.

Thanks!
I started my first sale within your range. It was just under 1K as well.

Good luck!
 
Impact
544
Strange domain name for such price, but congrats none the less. I think most people would have either never registered this or sold this for $xxx or $xxxx.