NameSilo

I sold my first name for $100

Labeled as ccTLD in Domain Selling and Domain Sales started by NorthBridge, Dec 7, 2018 at 7:48 AM.

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  1. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

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    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 at 7:51 AM
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  2. Pierre Barnard

    Pierre Barnard Active Member VIP

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    Congrats and well done! Wish you all the best in future.
     
  3. jmaurya

    jmaurya Established Member

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  4. Bonsu

    Bonsu Established Member

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    What's the name and holding period. Outbound or inbound offer?
     
  5. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

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    Inbound Undeveloped
    Holding for about 6 monthes
     
  6. BestDomains2828

    BestDomains2828 Established Member

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  7. DTR Alex

    DTR Alex Upgraded Member Gold Account

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  8. vravis9

    vravis9 Established Member

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    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

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    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

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    I hope so , I will try
    Thanks

    You nailed it
    Thanks
     
  11. IMEZI

    IMEZI Top Member VIP ★★★★★★★★★★

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    congratulations, you have a very good start
     
  12. bojan1

    bojan1 Established Member

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  13. Omar Negron

    Omar Negron Active Member VIP

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  14. Mister Funsky

    Mister Funsky Active Member VIP

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    Congratulations...now you are hooked!
     
  15. Lagunaboy

    Lagunaboy Established Member

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    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

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  17. MapleDots

    MapleDots Domain Properties 2010 - 2018 VIP

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    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 at 2:49 PM
  18. wesley sweatman

    wesley sweatman durfer VIP

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  19. Deepak Bhandari

    Deepak Bhandari Established Member

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  20. golan

    golan Leo.Domains Gold Account VIP

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  21. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

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    I wish you good luck
    Thanks
     
    Last edited: Dec 7, 2018 at 5:46 PM
  22. Mohamed Ahmaid

    Mohamed Ahmaid Established Member

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    Thank you very much for such valuable input (really great tip)
     
  23. soidav

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

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  24. FolioTeam

    FolioTeam Established Member

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  25. D Haynes

    D Haynes Active Member VIP

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    Well done! By selling a name you've already achieved more than a lot of domainers ever will. Onwards and upwards!
     

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