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

 

[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.

 

[rawapesona]

Great sale! Congratulations!

 

[lock]

When did .00 equate to two figures?

 

[Mkt Sales Leads]

@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%.

Yes I believe if it goes through Media options it's 20%

 

[pokainc]

I didn't say it's not 20% if media options takes over. I said I don't think it's plus 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.

 

[mjc]

@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%.

Turns out you are correct. I went back to view the chat message I had with support regarding the fee percentages, and I misunderstood their response.

 

[mjc]

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

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

I've stocked up on a few other .xyz domains over the years including tod, ron, dab, orc, 2FA, akimbo, studious, etc..

 

[MadAboutDomains]

I've stocked up on a few other .xyz domains over the years including tod, ron, dab, orc, 2FA, akimbo, studious, etc..

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

 

[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!!!!!

 

[Bob Hawkes]

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

Congratulations once more @mjc

 

[ZION]

CONGRATS!!!!!
XYZ ON FIRE !!!!!!!!

 

[Silentptnr]

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

All the best!

 

[Digital Nomad]

Congrats on the sale @mjc , nice ROI!

 

[Domainication]

Congratulations.

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

 

[sellian]

Amazing!! Congrats mjc!

 

[jhm]

Sick sale. Bravo @mjc

 

[syedmairaj]

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

Nice sale, last year I was the top seller of xyz then swetha beat me, I am holding Garage.xyz and hope this domain if it sell then again I am the top seller for xyz, it’s good we are competing each other in a good faith,

 

[syedmairaj]

Nice sale, last year I was the top seller of xyz then swetha beat me, I am holding Garage.xyz and hope this domain if it sell then again I am the top seller for xyz, it’s good we are competing each other in a good faith,

 

[Sammy Jakes]

Congrats

 

[MadAboutDomains]

That verification process at Namebio is bloomin' fast isn't it.

 

[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!

 

[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

 

[vincew]

congrats on the outstanding sale

 

[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.