Finteza

I sold my first name for $100

Labeled as ccTLD in Domain Selling and Domain Sales started by NorthBridge, Dec 7, 2018.

Replies:
56
Views:
1,485

  1. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

    Posts:
    56
    Likes Received:
    120
    It was ccTLD
    I got it for about $8 (as coupon)
    Is the amount small? yes very small
    But it is very huge sale to me.
    Lately (before this sale) I have deiced that Iam not going to inject another single Dollar unless I have sell one.
    So I have sold one for $100 on Undeveloped (thanks to Simon I've named him the godfather of my first sale)
    So , now I have (some garbage) names still on palteforms
    Now Iam trying to control the $91+$5 on my Paypal and this will be my start over ammo nothing more.
    Here comes the challange
    Will I survive?
    Will I make it ?
    Will my moves be wise ?
    Time will tell !
    I've decied to stick with COMs, no invented word ,no fad names.
    .......
    I love domaining but love got nothing to do with smart investing .
    I wanted to share this with you guys here in NP which is our cradle ,school and haven (At least to me).
    Thank you guys & sorry for such long (blablabla).
    This video describes my feeling

     
    Last edited: Dec 7, 2018
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Pierre Barnard

    Pierre Barnard Active Member VIP

    Posts:
    1,759
    Likes Received:
    2,794
    Congrats and well done! Wish you all the best in future.
     
  3. jmaurya

    jmaurya Established Member

    Posts:
    453
    Likes Received:
    261
  4. Bonsu

    Bonsu Established Member

    Posts:
    663
    Likes Received:
    1,220
    What's the name and holding period. Outbound or inbound offer?
     
  5. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

    Posts:
    56
    Likes Received:
    120
    Inbound Undeveloped
    Holding for about 6 monthes
     
  6. BestDomains2828

    BestDomains2828 Established Member

    Posts:
    54
    Likes Received:
    14
  7. DTR Alex

    DTR Alex Upgraded Member Gold Account

    Posts:
    4,406
    Likes Received:
    250
  8. vravis9

    vravis9 Established Member

    Posts:
    1,105
    Likes Received:
    968
    Congrats..

    @NorthBridge you are thinking in right way...just make sure you implement it as well..
    That's the hard part..

    I am sure you will get many good sales..

    Good luck.
     
  9. Ategy.com

    Ategy.com NameCult.com Gold Account VIP

    Posts:
    3,074
    Likes Received:
    9,540
    Congratulations! :)

    It doesn't really matter the amount, as long as you profited then that first sale will always feel amazing! :)

    Good job on deciding to stay on budget .. it's important not to get too far into debt .. or like in my case .. it's also important not to grow your portfolio into a size you have trouble finding the time to manage! lol

    Good luck to you for a quick second sale and more! :)
     
  10. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

    Posts:
    56
    Likes Received:
    120
    I hope so , I will try
    Thanks

    You nailed it
    Thanks
     
  11. IMEZI

    IMEZI Top Member VIP ★★★★★★★★★★

    Posts:
    4,817
    Likes Received:
    1,456
    congratulations, you have a very good start
     
  12. bojan1

    bojan1 Established Member

    Posts:
    708
    Likes Received:
    351
  13. Omar Negron

    Omar Negron Active Member VIP

    Posts:
    1,355
    Likes Received:
    1,447
  14. Mister Funsky

    Mister Funsky Active Member VIP

    Posts:
    1,765
    Likes Received:
    6,757
    Congratulations...now you are hooked!
     
  15. Lagunaboy

    Lagunaboy Established Member

    Posts:
    83
    Likes Received:
    48
    Congrats on your first sale. Personally I've never sold one yet but will eventually I hope. (Fingers crossed)
     
  16. Shamiul Alam

    Shamiul Alam Established Member

    Posts:
    209
    Likes Received:
    152
  17. MapleDots

    MapleDots Domain Properties 2010 - 2018 VIP

    Posts:
    3,872
    Likes Received:
    7,541
    Congrats

    Next time try to cover your costs and make a full $100

    Keep a spreadsheet of your costs and factor in the commission plus a $100 profit.

    As you get better names and people complain about pricing make sure you have a strategy and are prepared to offer valid responses.

    ie...

    Client Comment: Your domains are too expensive, I could register one for ten bucks.

    Your Response: Sir as you can see most of the good domains are already taken and your domain is the main pathway that leads to the front door of your digital business. The price quoted does not represent a single domain but a proportional amount for holding a large portfolio of domains. You can understand that a business has expenses and holding thousands of domains can get expensive. That said an asset like a domain is often tax deductible or a business may be able to depreciate it over a period of years. Check with your accountant and once you do that math you will see why successful online businesses have invested larger amounts in obtaining the right address. It is no different from being on the most desired main street in town or being in a side alley. The alley will always be cheaper but definitely not more successful.

    Now if I were to break that response down to the most important part to stress to your client it would be....

    The price quoted does not represent a single domain but a proportional amount for holding a large portfolio of domains.

    Good luck (y)
     
    Last edited: Dec 7, 2018
  18. wesley sweatman

    wesley sweatman durfer VIP

    Posts:
    2,213
    Likes Received:
    3,800
  19. Deepak Bhandari

    Deepak Bhandari Established Member

    Posts:
    457
    Likes Received:
    301
  20. golan

    golan Leo.Domains Gold Account VIP

    Posts:
    2,904
    Likes Received:
    2,347
  21. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

    Posts:
    56
    Likes Received:
    120
    I wish you good luck
    Thanks
     
    Last edited: Dec 7, 2018
  22. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

    Posts:
    56
    Likes Received:
    120
    Thank you very much for such valuable input (really great tip)
     
  23. soidav

    soidav Established Member ★★★★★★★★★★

    Posts:
    128
    Likes Received:
    62
  24. FolioTeam

    FolioTeam Established Member

    Posts:
    533
    Likes Received:
    1,351
  25. D Haynes

    D Haynes Active Member VIP

    Posts:
    932
    Likes Received:
    1,613
    Well done! By selling a name you've already achieved more than a lot of domainers ever will. Onwards and upwards!
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:

Share This Page

Lysted
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...