NameSilo

How I flipped 1 word domain for 6 FIGS profit

Labeled as strategy in Domain Selling and Domain Sales started by NetworkPearl, Feb 4, 2020.

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  1. NetworkPearl

    NetworkPearl Top Contributor VIP

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    Hello everyone, I hope everyone is doing well. I have finally decided to discuss my sale of write./com which took place in the end of nov 2019 (on my birthday :) ).

    The domain was bought from a software company with whome I have dealt before. I had purchased the domain for high 5 figs and initialliy as a long term investment.

    Nevertheless, out of curiousity, I contacted a few people in the domain industry that I thought may have had an interest or so. I got several positive responses and a few offers in low 6 figs. I negotiated with one party and ended up selling on escrow. A friend of mine acted as the broker since he's familiar with international payments etc.

    Also, I would like to point out that timing is really important. The party who sold to me was actually running an online article related business on the domain which I think was closed somewhere in early 2019. They prolly bought the domain for $60k as per namebio records and still sold to me for a good profit . They certainly woudn't have sold the domain to me if I had contacted them earlier.

    One interesting thing I noticed yet again is that the price of domains tends to vary as per everyone's perspective, the software company probably thought that high 5 figs was the perfect price for the domain. i saw the domain being undervalued but still was a risky investment for reseller price since I don't like to keep a portfolio but I had a strong gut feeling that it would pan out to be fruitful. There's a great saying, " If you risk nothing then you risk everything."

    How I found the domain?

    I had purchased another 1 word domain for 5 figs from the company the same month and went through their portfolio on domainIQ, they seemed to own a few thousand domains but write.com was the only other domain that caught my eye. We had a good discussion and everything went out smoothly.

    Important points:

    • Timing matters alot.
    • Good deals still exist.
    • Short 1 word domains are best assets.
    • Don't sit on 1 or a few domains. I would suggest you to only do this if you have atleast 1000 good quality domains.
    • Keep cash flow coming in.
    • Have trust in yourself.
     
    Last edited: Feb 4, 2020
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  2. sharfab

    sharfab Established Member

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    Congratulations on a wonderful sale with smart negotiating...:xf.wink:
     
  3. alcy

    alcy Top Contributor VIP

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    great sale on a real great name.
    thats definitely a 6fig name right there! :)
    it helps when you get a deal to begin with! ;)

    gl
     
  4. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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  5. Ntmt

    Ntmt Established Member

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    Thank you for sharing and being transparent as always!

    Could you shed some light about your purchase of the first domain from this company?
    I'm curious how you found right person in this company and how you approached them?
     
  6. Pierre Barnard

    Pierre Barnard Top Contributor VIP

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  7. NetworkPearl

    NetworkPearl Top Contributor VIP

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    yes, i purchased workstation./com from them, contacted the ceo of the company.
     
  8. Furquah

    Furquah Brand Ambassador INDIA Epik.com Staff VIP

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  9. Sutruk

    Sutruk Established Member

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    Thanks for sharing the story of the domain purchase more deeply!! It's really appreciated!!

    I have seen your post, some time ago, requesting valuation of this domain. All I can say, is that in my opinion that's a VERY good domain, an AWESOME one, that at least deserves the same revenue of your previous sale.

    Wish you the best on your next sale! Keep us informed about it! :)
     
  10. JagG

    JagG Top Contributor VIP ★★★★★★★★★★

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    101% agree ... Congrats on a great sale.
     
  11. rcs1973

    rcs1973 Established Member

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    If you can provide, How did you reach the CEO? Email, phone, linkedin, etc.?

    Brent Oxley is the current owner. p.s. he apparently doesn't own brentoxley.com

    thx in advance
     
    Last edited: Feb 5, 2020
  12. Abdullah Abdullah

    Abdullah Abdullah Top Contributor VIP

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    Congrats on the sale. May we all get a lot of sales, amen.
     
  13. NetworkPearl

    NetworkPearl Top Contributor VIP

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    Email
     
  14. FolioTeam

    FolioTeam Top Contributor VIP

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  15. Ceejaye

    Ceejaye Top Contributor VIP

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  16. Winterburn

    Winterburn Established Member

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    Do you suggest we should not hold a single domain for too long to get a high price?

    Congratulations on your sale. I have read your earlier post. Really inspiring.
     
    Last edited: Feb 6, 2020
  17. NetworkPearl

    NetworkPearl Top Contributor VIP

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    Yes exactly. Unless you have atleast a thousand good quality domains. I would prefer to be more inclined towards outbound marketing for domain.
     
  18. Pay.My.id

    Pay.My.id Established Member

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    Congrats for your great sale, its important learning for other domainers
     
  19. AIS01

    AIS01 domainer VIP

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  20. MadAboutDomains

    MadAboutDomains Top Contributor VIP ★★★★★★★★★★

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    Congratulations, a really nice domain.
     
  21. WatchDogue

    WatchDogue Top Contributor VIP

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    That is an excellent summary of a buyer seeing the high-end value in a domain, then putting in a good amount of cash for an opportunity to end up with a greater amount of cash.

    You surely have a good eye for names and the fortitude to pursue a high quality domain name purchase and the subsequent sale!

    Thanks for the great insight into the sale of that outstanding domain!
     

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