discuss iBlock .com sold $50000. Lesson learned "Never underestimate the offer submitted by anyone."

[TERADOMAIN]

First of all thanks God, Family, & friends.

I am trying to share something here after long time. I am very grateful to this forum. This forum played very important role in my digital journey. I observed and learned as well as keep learning many things from this forum. I made and still making many friends from this forums regularly. I learned with time what to share and what not to share due to various circumstances. But I wanted to share something which may add some value in somebody's journey. We all learn and improve with time. Sharing is caring. Progress is never ending journey. Experience is our best teacher. Something we can experience ourselves and something we can learn from somebody's experience.

Let me share a little story of my following recent sale.


iBlock (.)com sold for $50000 via @DAN.COM


Some background story:

• I received $50000 offer via Dan
• I checked Country IP not looking promising
• I did not check person's name via Google who they may be
• It was early morning when I checked because the offer came late-night.
• I accepted offer thinking if the offer is fake Dan will ban the buyer and he won't submit fake offers to someone in future.
• Next day I got email about Dan sent buyer a payment reminder. This is very normal.
• Suddenly after 48 hours I got email from Dan that they received payment from buyer.
• I couldn't believed initially because I thought it was fake offer. I realized what did I do?? I made a mistake because I always try to negotiate with someone. I converted many $500 to $2500 opening offers into High $XXXXX to Low $XXXXXX successful deal.
• Couple people / friend suggested me to cancel the deal. But I said nope I am not going to do that. Knowingly / Unknowingly I agreed to the deal and I always honor my commitment. We need to have ethics, morality, and good intentions in life. I give high importance to those qualities in life and I do practice that by improving slowly and gradually in life.
• I transferred name to Dan's Godadddy's account and completed the deal

Why I accepted the offer & Why I think I undersold it:

• Since sometimes been getting many odd offers via Dan which can be the case anywhere regardless of any type of landing pages we can use. So I do not think it's Dan's fault but yes I do think they need to improve something for sure.
• The main issue of getting these unrealistic offers of Seven to Eight figure because many times the buyer thinking they are submitting offers in their local currency. If we convert those figure from those countries to USD then conversion may end up around $XXX to $XXXX.
• So I got many real offers as well as many fake offers. When someone submitting offer whose country does not look promising then I accept their unrealistic offer and unclick the "Sold" checkbox under my settings at DAN. This way if they pay we have a deal and if not then Dan will ban them from future offer submission, but at same time our name is listed for sale instead of waiting for days to figure out if the offer was real or fake.
• I did received many fake and real offers recently. It was early morning and I didn't realized $50000 offer was not near my expectation because my expectation was low Six fig. iBlock was one of the best brandable Blockchain name in the market after BlockChain / Block / Chain etc. All of these names already sold for Deep Seven figure recently which leaves iBlock the available best Blockchain name in market.
• I did received many Low $XXXXX offers regularly on iBlock. So I knew we need to have patience to hold until someone knock the door with proper budget range.

My Mistakes:

• I accepted offer even the offer was not close to my expectation
• I accepted offer without some background study about who the buyer can be
• I love negotiation in general to improve my negotiation skill. But for some reason I accepted offer due to early morning unconsciousness.
• I had $50K minimum set at DAN & $100K minimum set at Afternic. It had no Bin. So in short I did not check I had 2 different minimum at 2 different platform.

Lesson Learned:

• Always learn about who the potential buyer can be
• Always counter offer to taste the water
• Do not participate in negotiation unless you are fully conscious of what you are doing. LOL
• Negotiate with facts and data to bring the best possible results.

I hope this story may be useful to some friends here. I will be very happy even if this story brings better results for at least 1 friend or more. @AbdulBasit.com @Bob Hawkes @Nikul Sanghvi @Recons.Com @James Iles @Rob Monster @Riz M. and many other friends sharing many things which is helpful to others. So I thought let me do my little part.


Thanks

 

[TERADOMAIN]

Congratulations Hiren, that's a good sale. In hindsight, it may look like you sold it cheap but it's a good price anyway.

When did you acquire it and for what price?

Thanks.

My trading experience and little journey so far tells me I undersold due to the mistakes I shared in the thread. But deal is done and I am happy about it. No regret at all. I won't share exact purchase price but I got for $XXXX few years ago.

 

[DomainNameFlow]

First of all thanks God, Family, & friends.

I am trying to share something here after long time. I am very grateful to this forum. This forum played very important role in my digital journey. I observed and learned as well as keep learning many things from this forum. I made and still making many friends from this forums regularly. I learned with time what to share and what not to share due to various circumstances. But I wanted to share something which may add some value in somebody's journey. We all learn and improve with time. Sharing is caring. Progress is never ending journey. Experience is our best teacher. Something we can experience ourselves and something we can learn from somebody's experience.

Let me share a little story of my following recent sale.


iBlock (.)com sold for $50000 via @DAN.COM


Some background story:

• I received $50000 offer via Dan
• I checked Country IP not looking promising
• I did not check person's name via Google who they may be
• It was early morning when I checked because the offer came late-night.
• I accepted offer thinking if the offer is fake Dan will ban the buyer and he won't submit fake offers to someone in future.
• Next day I got email about Dan sent buyer a payment reminder. This is very normal.
• Suddenly after 48 hours I got email from Dan that they received payment from buyer.
• I couldn't believed initially because I thought it was fake offer. I realized what did I do?? I made a mistake because I always try to negotiate with someone. I converted many $500 to $2500 opening offers into High $XXXXX to Low $XXXXXX successful deal.
• Couple people / friend suggested me to cancel the deal. But I said nope I am not going to do that. Knowingly / Unknowingly I agreed to the deal and I always honor my commitment. We need to have ethics, morality, and good intentions in life. I give high importance to those qualities in life and I do practice that by improving slowly and gradually in life.
• I transferred name to Dan's Godadddy's account and completed the deal

Why I accepted the offer & Why I think I undersold it:

• Since sometimes been getting many odd offers via Dan which can be the case anywhere regardless of any type of landing pages we can use. So I do not think it's Dan's fault but yes I do think they need to improve something for sure.
• The main issue of getting these unrealistic offers of Seven to Eight figure because many times the buyer thinking they are submitting offers in their local currency. If we convert those figure from those countries to USD then conversion may end up around $XXX to $XXXX.
• So I got many real offers as well as many fake offers. When someone submitting offer whose country does not look promising then I accept their unrealistic offer and unclick the "Sold" checkbox under my settings at DAN. This way if they pay we have a deal and if not then Dan will ban them from future offer submission, but at same time our name is listed for sale instead of waiting for days to figure out if the offer was real or fake.
• I did received many fake and real offers recently. It was early morning and I didn't realized $50000 offer was not near my expectation because my expectation was low Six fig. iBlock was one of the best brandable Blockchain name in the market after BlockChain / Block / Chain etc. All of these names already sold for Deep Seven figure recently which leaves iBlock the available best Blockchain name in market.
• I did received many Low $XXXXX offers regularly on iBlock. So I knew we need to have patience to hold until someone knock the door with proper budget range.

My Mistakes:

• I accepted offer even the offer was not close to my expectation
• I accepted offer without some background study about who the buyer can be
• I love negotiation in general to improve my negotiation skill. But for some reason I accepted offer due to early morning unconsciousness.
• I had $50K minimum set at DAN & $100K minimum set at Afternic. It had no Bin. So in short I did not check I had 2 different minimum at 2 different platform.

Lesson Learned:

• Always learn about who the potential buyer can be
• Always counter offer to taste the water
• Do not participate in negotiation unless you are fully conscious of what you are doing. LOL
• Negotiate with facts and data to bring the best possible results.

I hope this story may be useful to some friends here. I will be very happy even if this story brings better results for at least 1 friend or more. @AbdulBasit.com @Bob Hawkes @Nikul Sanghvi @Recons.Com @James Iles @Rob Monster @Riz M. and many other friends sharing many things which is helpful to others. So I thought let me do my little part.


Thanks

Congratulations!! Blockchain related domains are really valuables. Buyer got a really good deal. This domain could fetch probably 3 to 5 times or even more. But I like your ethical thinking and honesty.

 

[Avijit Roy]

Congratulations and thanks for sharing.

 

[oldtimer]

Congrats, getting 50k is better than some other domainers who let some nice domains go for 5k

Still I believe you sold this domain at its wholesale value which is perfectly fine since domainers buy and sell names at wholesale prices all the time,

but

if you have some other domains that are of the same caliber it probably would be a good idea for you (and everyone else) to categorize your portfolio so that you would know ahead of time which domains you are willing to let go at wholesale prices and which ones you want to hold onto in the hopes of extracting the most money from.

Categorizing the portfolio should be done ahead of time so that you'll know exactly how to respond to each offer when someone shows interest in your domains.

For some domains you might be better off by saying no to individual buyers and smaller businesses and wait for the right end user (big company with unlimited budget) to knock at your door.

IMO

 

[Gro]

Great Sale! Congratulations. Thank you for sharing.

 

[bookname]

@TERADOMAIN you are my role model in domain investing world

 

[dido90]

Congratulations, amazing sale for amazing name.

 

[kool1]

Apples new Crypto Desk?

 

[Josytal]

Congrats. Good news = Good day!

 

[TERADOMAIN]

Congrats again Hiren bhai

The best thing is whenever you share, you just give out everything and there is always something valuable to learn from it.

"Do not participate in negotiation unless you are fully conscious of what you are doing."

This made me laugh out loud

Best wishes!

Thanks Abdulbasit bhai. You are gem of the person. I really cherish our friendship. I learn many things from you silently. I am your little fan. You do share many things with many friends which is very helpful. I share randomly. I will try to improve with time.

 

[Crysis]

Congratulations. I think you did pretty well.

 

[bruhne]

Maybe and hopefully it was just a blessing being bestowed upon the buyer. If that's the case, then you played a part in something more special than money. I dig it though. I hope you do to.

 

[VirtualAssistant]

Congratulations

 

[Hui Siew Choong]

Congratulations and Tq for sharing, I have had a few high offers from Dan but ended up all FAKE ones

First of all thanks God, Family, & friends.

I am trying to share something here after long time. I am very grateful to this forum. This forum played very important role in my digital journey. I observed and learned as well as keep learning many things from this forum. I made and still making many friends from this forums regularly. I learned with time what to share and what not to share due to various circumstances. But I wanted to share something which may add some value in somebody's journey. We all learn and improve with time. Sharing is caring. Progress is never ending journey. Experience is our best teacher. Something we can experience ourselves and something we can learn from somebody's experience.

Let me share a little story of my following recent sale.


iBlock (.)com sold for $50000 via @DAN.COM


Some background story:

• I received $50000 offer via Dan
• I checked Country IP not looking promising
• I did not check person's name via Google who they may be
• It was early morning when I checked because the offer came late-night.
• I accepted offer thinking if the offer is fake Dan will ban the buyer and he won't submit fake offers to someone in future.
• Next day I got email about Dan sent buyer a payment reminder. This is very normal.
• Suddenly after 48 hours I got email from Dan that they received payment from buyer.
• I couldn't believed initially because I thought it was fake offer. I realized what did I do?? I made a mistake because I always try to negotiate with someone. I converted many $500 to $2500 opening offers into High $XXXXX to Low $XXXXXX successful deal.
• Couple people / friend suggested me to cancel the deal. But I said nope I am not going to do that. Knowingly / Unknowingly I agreed to the deal and I always honor my commitment. We need to have ethics, morality, and good intentions in life. I give high importance to those qualities in life and I do practice that by improving slowly and gradually in life.
• I transferred name to Dan's Godadddy's account and completed the deal

Why I accepted the offer & Why I think I undersold it:

• Since sometimes been getting many odd offers via Dan which can be the case anywhere regardless of any type of landing pages we can use. So I do not think it's Dan's fault but yes I do think they need to improve something for sure.
• The main issue of getting these unrealistic offers of Seven to Eight figure because many times the buyer thinking they are submitting offers in their local currency. If we convert those figure from those countries to USD then conversion may end up around $XXX to $XXXX.
• So I got many real offers as well as many fake offers. When someone submitting offer whose country does not look promising then I accept their unrealistic offer and unclick the "Sold" checkbox under my settings at DAN. This way if they pay we have a deal and if not then Dan will ban them from future offer submission, but at same time our name is listed for sale instead of waiting for days to figure out if the offer was real or fake.
• I did received many fake and real offers recently. It was early morning and I didn't realized $50000 offer was not near my expectation because my expectation was low Six fig. iBlock was one of the best brandable Blockchain name in the market after BlockChain / Block / Chain etc. All of these names already sold for Deep Seven figure recently which leaves iBlock the available best Blockchain name in market.
• I did received many Low $XXXXX offers regularly on iBlock. So I knew we need to have patience to hold until someone knock the door with proper budget range.

My Mistakes:

• I accepted offer even the offer was not close to my expectation
• I accepted offer without some background study about who the buyer can be
• I love negotiation in general to improve my negotiation skill. But for some reason I accepted offer due to early morning unconsciousness.
• I had $50K minimum set at DAN & $100K minimum set at Afternic. It had no Bin. So in short I did not check I had 2 different minimum at 2 different platform.

Lesson Learned:

• Always learn about who the potential buyer can be
• Always counter offer to taste the water
• Do not participate in negotiation unless you are fully conscious of what you are doing. LOL
• Negotiate with facts and data to bring the best possible results.

I hope this story may be useful to some friends here. I will be very happy even if this story brings better results for at least 1 friend or more. @AbdulBasit.com @Bob Hawkes @Nikul Sanghvi @Recons.Com @James Iles @Rob Monster @Riz M. and many other friends sharing many things which is helpful to others. So I thought let me do my little part.


Thanks

 

[Sutruk]

Congrats for the sale! Although you expected a bit more, $50,000 is a very good number for your investment.

 

[TERADOMAIN]

I just read the story on a website. Congrats friend! Another great sale!

Thank you my friend. Really appreciate your sharing of view.

 

[TERADOMAIN]

Congratulations!

@TERADOMAIN i miss you!

Great to see you success.

Samer

Thanks.

 

[TERADOMAIN]

He did it again... a million congrats my friend

Thanks.

 

[TERADOMAIN]

Apples new Crypto Desk?

Thanks. Buyer is not Apple.

 

[TERADOMAIN]

Great Domain, Nice Sale. Many Congrats...

Thank you. Your sales also very inspiring.

 

[Yuran]

Romania

Maybe he used a proxy IP, which is easy to achieve

 

[jhm]

@TERADOMAIN Amazing, congrats on your sale

 

[kandyan]

Congrats!

It's a nice name... and lessons learned, nothing to worry friend, good karma will follow you.

Thank you for taking the time to share the details.

 

[Corey]

you are a true Gentleman @TERADOMAIN

Congrats on your sale & thank you for sharing the details

Cheers
Corey

 

[GoWebnames.com]

Congratulations Hiren, that's a good sale. In hindsight, it may look like you sold it cheap but it's a good price anyway.

When did you acquire it and for what price?