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How to sell domain for 4 or 5 figures???

Labeled as discuss in Domain Selling and Domain Sales, started by justsand, Nov 5, 2020

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  1. justsand

    justsand Established Member

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    Hello, pro domainers!

    I am curious to know & learn from your great sales, their stories, suggestions, strategies! So, here are some questions for you.

    Please share your experience of selling domains for huge profits?
    What strategy did you use to sell them?
    How did you find buyers and convince them?

    And also share your great tips for beginners like me.

    Thank you :)
     
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  2. pb

    pb Established Member ★★★★★★★★★★

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    Start by having a domain worth that much, the rest is just a waiting game.
     
  3. Pairadice

    Pairadice Upgraded Member Gold Account

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    "since you asked" Not saying I'm a pro or anything but just to make conversation: I started buying off the drop lists in 2012 after reading a kindle book about domaining. I never lost money but didn't make a lot either because I was selling the domains for less than $100 each. I stopped doing it until 2016, when I thought it would be a good side gig and I've always been a "techie." I followed sort of a "bottom feeder" strategy which no one would have advised even to this day. I bought off the drop lists, which they say not to do, and also closeouts from auction sites. Within a month I had received an offer by email for $1500 for one of my hand-regs which to me at the time felt like a million dollars (especially since I had invested <$100). I accepted and the transaction went through. I had a few more like that that year. My biggest hand reg sale from that year was $5k for a gambling .com domain. Beginner's luck. Then the crypto market hit and the domain market (from my perspective) tightened up considerably for a few years after that. I made a lot of mistakes and tried to learn from them only to make a different mistake the next time, but if you research and buy only the best domains off the drop lists every day, keep a good portfolio, dump off your junk domains, and hit the black friday transfer sales and stuff like that, then you will make enough in sales to cover renewals and then some, even if the market declines a little in your niche. Plus if you deal in .coms then your portfolio is constantly increasing in value as time goes on, this is due to the constant 4% decrease in supply year over year per verisign reports. However, they are getting ready to raise the yearly prices, so it will become more costly to carry a large portfolio. Now in 2020, due to covid and more people joining the industry, there's a definite boom happening in the wholesale market, meaning it's becoming harder to get good domains. Every domainer does it differently to some extent. You definitely have to find a niche that works for you that other people haven't clued into yet. There's enough domains falling on godaddy that no one can keep track of them all and sometimes you can get away with a monster for only like $20. That's becoming less frequent however. You have to be the one who has the judgment to decide if it's a domain that you think a certain someone else would pay a lot of money for.. no one else can tell you this because if they did and it was a good domain then they would buy it first..... and exactly who is that person who you believe is going to be paying a lot of money for that.. if you don't know the answer to that then it's a brandable, which is good but you have to advertise it more; if you do know the answer then it's a squat, if it's both then that's even better.
     
    Last edited: Nov 6, 2020
  4. justsand

    justsand Established Member

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    Thank you for sharing this :)
     
  5. Koekoe

    Koekoe Established Member

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    It's wall of text, but good sharing experience. thank you!
     
  6. justsand

    justsand Established Member

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    Any other experiences?
     
  7. karmaco

    karmaco Top Contributor VIP

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    There is a ton of reported sales on the report your sale thread for starters. Huge profits means different things to different domainers.

    As you can see, people aren’t going to give all their secrets and strategies away. My suggestion read the forum and use the search bar for things you want to get info about because every single question anyone can think of about domaining has been asked many times before.
     
  8. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    that is most accurate and to the point.

    i'd advise Op to read up on how to buy the right domains.
    the headlines of the sales are impressive, but the backstory that leads to is unknown.

    so, it's like only watching the end of a movie or reading the last chapter in a book....
    you miss all the knowledge in between

    imo...
     
    Last edited: Nov 7, 2020
  9. Pairadice

    Pairadice Upgraded Member Gold Account

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    That quote by PB really sums it up in the least possible words. I also wanted to add for people that are just getting into the game that if you are doing passive sales of just basic aged dogsh*t .com domains like "Losoko.com" and stuff and harnessing their natural traffic, that the sell-thru rate for those is probably only around 0.4% based on people's experiences I've read on here (and my own). You can fact check this with the search. That means you would have to own like 200 of them in order to sell just 1 per year. Hand regs are probably far worse sell-thru rate if you are just buying rando .com domains that sound good. But you can increase these percentages if you buy the right domains (i.e. ones that you know people want/need) and/or if you do outbound sales.

    Also, I now realize that even tho I got let's say $1500 for my early hand-reg sales, (and accepted happily) I now realize that I probably sold for less than what I could have gotten for those domains. Later I realized that most or all of those sales were from large companies doing brand protection. However, I haven't been able to get that business model to work if I buy similar-sounding names intentionally.

    Finally, looking back at my sales, I would say that usually it has to boil over to the point where they NEED the domain in order for them to pay premium prices for it. There may be ways to get them to need the domain more instead of just want it. For example, if the landing page goes to their competitor (not recommended) then they will realize all of their work is going to increase the sales of their competitor, that might get them to buy the domain instead of just passively observe your selling price, wishing they had it but not wanting to spend money on it. (That example is not recommended because it could cause a UDRP and it's somewhat unethical.) On brandable marketplaces though you can find people who will buy regular domains with no known end users sometimes, if you give a 30% commission and all this other stuff.

    That's why it's not very descriptive when people say "letsfish.com" sold for $15k yesterday.. because it doesn't tell you anything about the domain other than just the name. Sometimes the name is so good that it needs no additional description, though, like "smartphone.com"..
     

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