NameSilo

Here is my domaining story - Ask me your questions.

Located in Ask Me Anything (AMA) started by NetworkPearl, Nov 23, 2019.

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  1. NetworkPearl

    NetworkPearl Top Member VIP

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    Hi,

    I've been having a great success in domaining ever since I started, already made 6 figs profit this year and had been doing great previously as well.

    My domaining journey started about 4 years ago when I was 16-17 years old. I have had a great knack for everything related to technology etc, been playing games and using computers since I was 2 years old. I'm also lucky enough to belong to a well previliged family, studying in one of the best schools and colleges in my country.

    Anyways, let's start off with my domaining story. I have been more into flipping ever since I began. The first domain that I sold was HoustonSwimSchool.com, bought for $10, sold for $320. I've sold many many geo domains since then and owing to this, I moved on forward with bigger domains. Domaining.com, DomainSherpa.com, Namepros.com and other domaining related websties were my daily dose of information and they helped me quite alot. I remember waiting eagerly for every DomainSherpa.com interview.

    Some of the domains that I sold:

    4 and 5 figs sales (sold every domain for profit except for 1 as I recall ):

    few sales include(all of them are flips except for 1 or two):

    Smaller.com - sold for $11k, bought for $2.5k , quick flip within a month
    Gali.com - sold for $25k, bought for very low 4 figs , quick flip within a few days
    Grew.com - sold for $11k, brokered it for original owner, quick flip within a few days
    Write.com (sold recently) - sold for $190k, rest details private
    xOnline.com - sold for $5.5k, bought for $500 , quick flip within a week
    Studio55.com - sold for $2k, bought for mid 3 figs , inbound offer
    VisualLabs.com sold for $2.5k, bought for mid 3 figs , flipped to reseller
    LaptopParts.com sold for around $3k, bought for mid 3 figs , flipped to reseller
    ProServices.com- sold for $2.5k, bought for $1700 figs , sold to reseller (flip)
    TotalBody.com sold for $4.1k, bought for $3850 , negotiated after GD auction
    Soez.com - sold for $2.5k, bought for $1000 , negotiated after GD auction
    Proe.com- sold for MID 4 FIGS, bought for LOW 4 FIGS , Namejet auction
    Cacc.com - sold for MID 4 FIGS, bought for LOW 4 FIGS , Namejet auction ( same as above)
    Focl.com -sold for $900, bought for mid 3 figs , sold to reseller (flip)
    AiPod -sold for $1k, bought for $69 , sold through inbound offer.


    I have also made profit in geo domains usually sold 3/5 that I bought for low- high 2 figs and sold them for $200-$500.

    And guys I DO NOT OWN A PORTFOLIO. I have been more of a flipper but now I'm thinking to build a portfolio since I have enough funds. You can make a living just through flipping domains.

    And yes, I would love to answer any questions.
     
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  2. Sutruk

    Sutruk Established Member

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    Hi NetworkPearl. First of all, congratulations for your sale of Write.com and thanks for telling us your history!

    As I see, there's one sale that clearly stands out over the rest, and that is that one.

    And here, the key question would be: For how much you acquired that one? :)

    In my opinion you could have sold this one to the right end user for 7 figures, not to mention the $30M of Voice.com

    Anyway, $190k now is big money that you can use for whatever you want now, without having to wait to the right end user.

    I see now that it has been bought by a top domain reseller. He is going to put this one for sale clearly for 7 figures.

    But as I say, $190k now is big money that will help you in whatever you want to do right now.

    Again, thank you for your post, for reporting the big sale of Write.com and very big congratulations for the sale!
     
    Last edited: Nov 23, 2019
  3. Samer

    Samer Top Member VIP

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    Thank you for disclosing this information!

    you’re a hero!! NDA’s are selfish

    ur story inspires me, wish continued success, thank u for giving back!

    Samer
     
    Last edited: Nov 23, 2019
  4. NetworkPearl

    NetworkPearl Top Member VIP

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    Hi it's not a good idea to sit on just 1 domain unless you own hundreds or thousands. The best option is to sell a domain and buy 3 similar domains which have a better chance of selling for more.
     
  5. Sutruk

    Sutruk Established Member

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    I totally agree! Very good done really, you can invest now the $190k for whatever you want, for domaining or for anything else.
     
  6. NetworkPearl

    NetworkPearl Top Member VIP

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    yes, I'm going to diversify my money now.
     
  7. damance

    damance Top Member VIP

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    where to buy domains? (low xxx - mid x,xxx)
     
  8. NetworkPearl

    NetworkPearl Top Member VIP

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    80% of them are through private deals rest through auctions or pre release.
     
  9. nononsense123

    nononsense123 Established Member

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    What's your take on the new extensions?
    And what changes have occurred in domaining now compared to the time you began?
    Thanks
     
  10. NetworkPearl

    NetworkPearl Top Member VIP

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    I have never bought any other domain aside from a .com and .nets Bought probably 1-3 .net in my entire domaining career. The .org extension might be good with certain keywords. I would prefer to stick with .com though.
     
  11. Nametree

    Nametree Nametree.com VIP

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    Congrats on your sales and thanks for sharing your journey!

    The write.com sale definitely stands out, and reading between the lines I believe you acquired that for five figures and flipped it for 190k. That's a very impressive buy more than an impressive sale.

    That's the big leagues game -- if you have enough capital to present someone privately with a sizable offer on a name you know is worth much more, the work is mostly done for you. There are a couple of obvious domain investors who would pay high five-low six figures for that kind of name, so the challenge is finding people with great names who don't appreciate their value and would be impressed with a five figure offer.

    So now that you have the capital to rinse and repeat, the question is - what are you going to buy next?
     
  12. kandyan

    kandyan Established Member

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  13. lock

    lock PremiumNameDomain.com VIP

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    Write would have been tough decision sets you up a long time but room for more.
     
  14. infosec3

    infosec3 Upgraded Member Gold Account VIP ★★★★★★★★★★

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    Congratulations on your acquisitions and sales. Thanks for sharing.
     
  15. fleaking

    fleaking Established Member VIP ★★★★★★★★★★

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    My story is similar to yours, I started my domain flipping career since 12 years old, and the accumulated earnings till 20 was about $300,000 USD, however, it was about 15 years ago (less competitive and easy to grab quality expired domains at that time.) Now I am 35 years old.
     
    Last edited: Nov 24, 2019
  16. HappyW

    HappyW Owner of NamesMaker.com Gold Account

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    What tools do you use to make purchase decisions?
     
  17. nononsense123

    nononsense123 Established Member

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    Did you do outbound or relied on inbound? If outbound, how did you do so?
     
  18. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Congrats @NetworkPearl (y)
    Thanks for sharing in detail.

    You did fantastic job in buying those domains at good prices. However, I would say that you undersold most of them. However, I can understand this has to be done until you get financially stable and then build your portfolio and hold onto bigger domains.

    Now is the time to buy and hold some of the top domains and keep flipping the rest until you stop flipping completely and focus on targeting endusers only.
     
  19. Ariff BD

    Ariff BD Restricted (85-100%)

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    can i know how much percentage of your domain was sold & what was ur avarage waiting or holding time? i am doing this for 8 months & 8 of my domains are sold but all xx price...
     
  20. NetworkPearl

    NetworkPearl Top Member VIP

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    My interest has garnered into short 1 word, 2word, LLL.com domains that have a good resale and retail value.
    I just use expireddomains.net everything is available there
     
  21. NetworkPearl

    NetworkPearl Top Member VIP

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    I never relied on inbound except for 2 domains and all of them have been sold through flipping to other investors or on auction etc. Write.com was sold to another investor through outbound. He was the one of the 3 people I contacted.

    Other than that 95% of my geo domains have been sold through outbound.
     
  22. NetworkPearl

    NetworkPearl Top Member VIP

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    As I mentioned i’ve been more a flipper since I’m an impatient guy and don’t like to sit on a name when I can make a good profit just from flipping it. You probably need to extend your budget and buy better names and come up with newer strategies.
     
  23. fitkhan

    fitkhan Established Member

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    Congratulations. Thanks for sharing your domaining story. Some very good acquisitions and sales. You did a great job. I wish you all the best.
     
  24. Amiens

    Amiens Established Member

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    I am inspired by your story. I started domaining this year, I am yet to make a sale, I have been trying my hands on Geo domains picked from expireddomains.net. Hopefully, soon I will have a good domaining story to tell.
     
  25. Nikhil Jain

    Nikhil Jain Top Member VIP

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    Congratulations on your success and thank you for sharing.

    Definitely lots to learn from your journey.

    Wish you the best for the future.
     

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