Just completed my largest ever premium domain name sale! This is how I did it.

Back when the dot PAGE tld was released a few years ago, I was the first person to register 404.page because I thought it was super nerdy since "404" is a developer term and I'm a web developer. It is an HTTP status code that means "Page Not Found".

The original cost to register this domain on release day was $250. Since then, I've renewed it twice at a rate of $167 per year. Thus, I have $584 invested in this domain. I haven't done much in terms of outbounding to promote it because I enjoyed owning it for the period of time I did. It was my "flex" domain and just pointed at my portfolio and resume.

I have received a couple of offers in the time I owned it, but they were very underwhelming until last week when I received an offer for $600 through my Dan.com lander.

This would have left me with a profit of like $20, so I kindly explained to the buyer the situation and I was upfront about the premium renewal cost and told him how much I had invested in the domain. I gave him a counter offer of $850, which would give me a profit margin of $200 more or less.

My thinking is, if I didn't sell it now, I would never be able to sell it because every year I would be increasing the BIN price to offset the premium renewal.

To my surprise, he accepted my offer of $850 and I had Dan.com pay me through Bitcoin, so in the long run, the value I received will only increase since I'm not withdrawing it anytime soon.

After Dan.com fees, I walked away with the USD equivalent of $773, which I'm satisfied with.

 

congrats on your sale the profit is good as long as you are happy with it allot of times people get second thoughts and get seller regret ^^

 

Congrats! Savvy sale in Bitcoin. Wishing you rising BTC value!

 

Hi

congrats on your sale!

however, 404.page is not a premium domain...
you only paid a "premium registration cost" and "premium renewal fee", for it.

also, if buyer has to pay same price to renew that domain, in 5 years it would amount to $835!

so, you did good, to dump that chump ass name.

imo

 

It's flagged as "premium" by Namecheap and all other registrars.

 

If the sale makes you happy, you have done the right thing. So enjoy the moment... Congratulations

 

You don't get premium names in weak extensions like .page. Registrars do that so you buy them and use their platforms.

Avoid them in future. You got lucky selling this one. Those are crazy renewals prices when .com is $10

1 reported .page sale on namebio, yes thats right...1!!! That will give you an indication.

 

Congrats on the sale!

Tbh I would probably counter at 2k since 600 is very solid for a starting offer

But hey cash is king, so it's great you got some return and now able to reinvest

 

It's quite a quirky name for that extension.

On Namecheap the spiel reads:

"We offer high value Premium inventory through our registry and aftermarket partners. Premium domain names are usually valued higher because they are brandable keywords, short in length, and/or dictionary words."

I believe it's the registry monetizing the best names.

 

congratulations! thx for sharing.

 

Congratulations on the sale. I think the main takeaway from your post is the realization that, as an investor, the renewal fee was going to kill your chances at a future sale, so you took a decent profit and moved on.

A lot of people have a hard time letting go of domains because they become emotionally attached to them; this is my $100k domain, etc.

Again, good luck on the sale, find a good name, research sales for that extension, rinse and repeat.

 

Congratulations. I'm a web developer and find that domain very appealing. Renewals are too much for my blood but I understand your attraction to it. Congrats in the sale!

 

Congratulations...

 

Great experience
Good price

Thanks for sharing