sales Just made my first 6-figure sale! (.xyz)

[mjc]

After lurking on NamePros for the past ~4 years... I've finally made a sale that I'm extremely proud of.

I purchased this seven-letter-keyword .xyz back in the summer of 2019 for ~$300 with the intentions of developing it into a social-network-style website. Hard to believe I was a freshman in college. Fast forward 4 years, and for the past couple months I've been getting tons of offers for it on DAN.com. After doing a little background check on one of the more serious offers I received, I find that this person is a majority owner of a content creator subscription service. They threw a solid offer to begin with, but I politely declined. After waiting a month, I sent one last message saying that I'm still open offers (just higher ones, lol).

No less than 2 hours later, they offered $50,000. I contemplated using the brokerage service that is integrated with DAN.com, but I opted to negotiate myself because the 20% brokerage fee on top of DAN.com's 9% transaction fee seems absolutely absurd. I counter with $150,000, and we go back-n-fourth a few times before basically settling in the middle of where we started. Yesterday, it was the 5th highest .xyz sale according to NameBio.com, but I see that Swetha has done it again with the sale of wrap.xyz... so now my sale is the 6th highest .xyz sale.

I'm unsure about the etiquette of revealing the buyer, domain name, and the exact sale price... but if it's appropriate, I'm happy to share the details.

I'd like to say thanks to the NamPros community for teaching me over the past 4 years, and also to @DNGear for showing everyone the true value of .xyz domain names.

- mjc

 

[mjc]

@alcy no need to be rude, just trying to follow etiquette. I'm happy to share if need be.

 

[Bob Hawkes]

So I see the sale is now posted on NameBio:
https://namebio.com/profile.xyz

Congratulations once more @mjc

 

[mjc]

I don't see it on Namebio.. can you share the name? (Don't share who the buyer is though) some Namepros members are known to spam them immediately!

The keyword was 'profile'.

 

[Bob Hawkes]

Congratulations on your sale and thank you for sharing the inspiring story here.

It sounds like you handled the negotiation very effectively!

I agree with others that it would be great to have it listed on NameBio unless you have a ND agreement. Using the link @karmaco gave above it is an easy process to report. You just give details (name/date/price) along with an attachment of verification (such as pdf of receipt from Dan). Don't report it until the funds have been paid - was not clear if that has happened yet.

Congratulations once more on achieving such domain sales success at such a young age.

Bob

PS There is also a thread for reporting sales on NamePros, just in case you were not aware:
https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/

A sale of this magnitude deserves its own discussion thread, which you did, as well, of course!

 

[mjc]

I also just found my original post from when I purchased the domain 3 years ago:

https://www.namepros.com/threads/just-bought-profile-xyz.1139207/

Absolutely crazy.

 

[DNGear]

Congrats @mjc .

Thats a top eyword.

 

[Domainication]

Congratulations.

And great negotiation skills...
I would have accepted the $50k for sure
and you doubled it. Love to read about your success.

 

[nononsense123]

I don't see it on Namebio.. can you share the name? (Don't share who the buyer is though) some Namepros members are known to spam them immediately!

 

[pokainc]

@MJ Congratulations! You did very well negotiating on your own terms.

Just fyi, I'm fairly certain the brokerage you referenced is 20% altogether, not 20% + 9%.

 

[mjc]

Congratulations on your sale and thank you for sharing the inspiring story here.

It sounds like you handled the negotiation very effectively!

I agree with others that it would be great to have it listed on NameBio unless you have a ND agreement. Using the link @karmaco gave above it is an easy process to report. You just give details (name/date/price) along with an attachment of verification (such as pdf of receipt from Dan). Don't report it until the funds have been paid - was not clear if that has happened yet.

Congratulations once more on achieving such domain sales success at such a young age.

Bob

PS There is also a thread for reporting sales on NamePros, just in case you were not aware:
https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/

A sale of this magnitude deserves its own discussion thread, which you did, as well, of course!

Just submitted the sale to NameBio.com.

 

[Silentptnr]

Congrats! I saw the sale and wow...just wow. Great name plus great timing.

All the best!

 

[J.R.]

Congrats on achieving a rare status - selling a domain in ANY extension for six-figures.
Less than 10% of speculators will ever do so.

After 4 years and bold negotiations you secured the win.

Excellent!

 

[Haroon Basha]

Please let me know if you think this was a waste of $300
We need to appreciate your determination to hold this name for 3 years despite that fact that you had doubted that this $300 was a waste!
Patience Pays, always.

 

[karmaco]

NameBio has a form to submit sales as well.

https://namebio.com/report

 

[mjc]

So approx 10? Did you get in early...?

I bought akimbo and studious a few years ago because of previous projects I’ve worked on. All the 3-characters I own are from a post a member made on here a while back.

https://www.namepros.com/threads/i-went-through-17-499-lll-xyz-domains-and-found.1164288/

Glad I bought a bunch from this post. The average price was $25 a domain name.

 

[Joe N]

Especially amazing when you consider that the .com, .co, and .io are all actively listed for sale. The .io can be had for $18K.

 

[bmugford]

I cant believe people.downvote when I say its dumb to.buy xyz for 100k when io etc is.at 18k... and at same time everyone here would buy at 18k

what was that word again...hypocrites?

I don't mind discussion on topics, but the anonymous downvotes are annoying. Engage if you have something to say.

I will just offset the downvotes. I got you back to 0.

Brad

 

[cnpay]

you are best ， I have many of XYZ . Is worth!

 

[alcy]

no by all means do not share... anonymous 6fig sales... especially in xyz are everyone favorites here. next.

 

[mjc]

Congrats! Did you have a Bin on the name with Dan?

I had a BIN of $249,499.

 

[mjc]

Congrats on the sale. And thanks for sharing. Report the sale to DnJournal as well.

Will do, I'll message them now.

 

[MadAboutDomains]

Big congratulations @mjc on a great sale. How many XYZ do you own?

Nice keyword and looking forward to learning who the buyer is.

 

[Jimmysun]

After lurking on NamePros for the past ~4 years... I've finally made a sale that I'm extremely proud of.

I purchased this seven-letter-keyword .xyz back in the summer of 2019 for ~$300 with the intentions of developing it into a social-network-style website. Hard to believe I was a freshman in college. Fast forward 4 years, and for the past couple months I've been getting tons of offers for it on DAN.com. After doing a little background check on one of the more serious offers I received, I find that this person is a majority owner of a content creator subscription service. They threw a solid offer to begin with, but I politely declined. After waiting a month, I sent one last message saying that I'm still open offers (just higher ones, lol).

No less than 2 hours later, they offered $50,000. I contemplated using the brokerage service that is integrated with DAN.com, but I opted to negotiate myself because the 20% brokerage fee on top of DAN.com's 9% transaction fee seems absolutely absurd. I counter with $150,000, and we go back-n-fourth a few times before basically settling in the middle of where we started. Yesterday, it was the 5th highest .xyz sale according to NameBio.com, but I see that Swetha has done it again with the sale of wrap.xyz... so now my sale is the 6th highest .xyz sale.

I'm unsure about the etiquette of revealing the buyer, domain name, and the exact sale price... but if it's appropriate, I'm happy to share the details.

I'd like to say thanks to the NamPros community for teaching me over the past 4 years, and also to @DNGear for showing everyone the true value of .xyz domain names.

- mjc

Congrats!!!!!

 

[bmugford]

Congrats on achieving a rare status - selling a domain in ANY extension for six-figures.
Less than 10% of speculators will ever do so.

After 4 years and bold negotiations you secured the win.

Excellent!

It's probably more like a tiny fraction of 1%, and an even smaller fraction for people who have done it outside .COM.

Congrats on the sale.

Brad