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Life changing domain acquisition and sale

Labeled as discuss in Domain Buying and Selling Discussion, started by abstractdomainer, Apr 9, 2020

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  1. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    I created a thread asking for life-changing NamePros acquisition and sale
    @AbdulBasit.com came up with an excellent idea around the same, as to report life-changing domain acquisition and sale overall. It makes a lot of sense!

    Kindly share what was a domain acquisition and sale that changed your life. Life-changing can be anything and is open to your interpretation. It could be a small sale at a time when you really needed it. Could also be your first sale that was unexpected and got you started in the business.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Thanks for creating this thread and it would be nice to see people sharing their life changing buy and sale. This will be another inspiring thread for people to get motivation.

    Also I totally agree with you on "It could be a small sale at a time when you really needed it." It's not every time the amount, but also the timing and need which altogether makes life changing moment.

    I've a question before I may publish mine.

    Is it necessary to just post the domain and sale price or acquisition cost is must to be shared?
     
  3. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    I understand that such sales may have NDA or may not have all the disclosure.

    Go ahead Abdul. Pls share whatever you can.
     
  4. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    There were many instances when the need and situation was really tough even the sale amount was small but considering all circumstances, I would keep the sale of Symphony.com on top which I sold for $375,000 in 2014.
     
  5. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Woah! That was a huge sale. And while I may say that anyone who hears the terms thinks of some music company to have acquired the name. While in fact, I see a finance related stuff on the website.
    Interesting!

    Any reason why you priced it at such price? Was it because you knew the who the buyer was, was it the domain itself, or was it because you had previous offers in a decent range which gave you an idea about such a price?
    Just wondering.
    Also, what was the hold time for the domain, if you may share?
     
  6. karmaco

    karmaco Top Contributor VIP

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    I don’t have any specific life changing sales just regular sales but I do think for any domainer their first sale is life changing in that you know this is possible. No one forgets their first. 😉
     
  7. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    This domain was brokered by Jessica Ebanks of DomainNameSales.com (Now Uniregistry). She did fantastically well in closing this deal successfully and is one of the best domain brokers I have ever worked with. The buyer approached us and gave their initial offer in high five figures. After exchanging several emails we were able to wrap up this deal swiftly through Escrow.com.

    I don't price it according to what the buyer's budget is or looking at the comparable sales. You may be interested in checking this out - https://www.namepros.com/threads/how-do-i-valuate-domains-and-set-an-asking-price.951601/

    Thanks!
     
  8. Amazing sale! I remember reading about this. I've followed your blog for some time now and always impressed to see you continuing to improve your game making solid and consistent sales.

    And not to upstage in anyway but wanted to mention my $400,000 sale many years ago in 2004 for the name MyBlog.com. Yes, that's right a 2 word domain selling for that much.

    And to top it off it was a hand registration just a couple of years prior.

    The deal highlights for the sale were:

    - Inbound inquiry with an initial $60K offer
    - Buyer was an online entrepreneur with a knack for buying premium quality names
    - Buyer recently sold his ad network for 8 figures months prior
    - Took several months of negotiating to get to final sales price

    No further details, although I'm considering writing more about it in the future on my site.

    This was a life changing sale for me as it allowed me to acquire more domains but more importantly acquire a site I-Newswire at the time which eventually became Newswire.com.

    That's a company I still co-own but currently focused on domaining full-time and looking to get into selling ready made websites.

    Because with all the craziness and uncertainty going on with this covid crisis, it seems natural many unemployed will seek to start an online business.
     
  9. Sutruk

    Sutruk Established Member

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    Congrats for these 2 amazing sales! And thank you for sharing the negotiation details!
    Those are definitely life changing ones.
     
  10. alcy

    alcy Top Contributor VIP

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    wow great
    lol u could have nearly quit domaining in 2004.. especially if your the minimalist type in life like some are ;)
     
  11. Domaining is too challenging and fun to quit! And in dark times, I nearly did but the universe threw me a bone :xf.cool:
     
  12. alcy

    alcy Top Contributor VIP

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    so even in those old days like 2004 you could handreg domain like this, hold for 2 years then sell for half million.. or would you say this sale for those days, would be considered basically rare and exeptional? just curious.

    honestly when I read your post first fast, I thought you handregged this 2002 then sold it like this year for that price... which i guess is what most thought too.
     
  13. I'd say it's probably more difficult now only because of the massive amount of competitors in this space. You have domainers who are domaining and probably never even heard of the term. Just regular people buying lots of names when they think of different ideas.

    But couple that with the crisis and various other tld options nowadays, I think it's be nearly impossible to replicate such a sale.

    Then again, most of us domainers hope and pray for that big lotto pay day. All you need is a dollar domain and a dream right? So I don't want to discourage cause anything is possible with domaining. That's why I find it so exciting.

    I will say this though, it's been nearly 4 years since I've made my last six figure sale. Maybe my inventory isn't up to that level of ask. But could be indicative of the shift in what buyers are looking for today ie. super premium names like very short one word names
     
  14. Rhinnnn

    Rhinnnn Established Member

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    Thank you @AbdulBasit.com and @OnlineBusiness.com for sharing your great sales.

    I think it's still possible to hand-reg a name and sell it for a significant, life-changing amount in a few years. This is due to the fast pace at which technology (and, consequently, the world as a whole) is evolving. Of course, it's not as easy as 10-20 years ago. But definitely doable.
     
    Last edited: Apr 9, 2020
  15. alcy

    alcy Top Contributor VIP

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    agreed. but... i do not think it would be for half million.

    but definitely, one can or could have regged say. bitcoincash,org then sell it like 1 year later for 40k was it? still a great life changing amount for many people!

    i believe over past few years, you and me would hve a very hard finding a domain that was regged say 2 years earlier, at handreg fee, then sold for 1/2 million :)

    but i get your point..

    now with corona virus.. it looks like even more of the world is moving into cyberspace.. hence the need and value of domains could increase. maybe cyberspace, virtualreality, is now going to become the new normal. due to the virus... social distancing etc.

    there are alresdy tons of articles on web discussing how suddenly online gamer streaming services and other similar things are seeing trafic increases never seen before.
     
  16. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    What was yours?

    You reassure my interest in hand-registrations. I still think that there would be opportunites. A lot of them. In 5-figures definitely. Not in 6 figures maybe.

    What's the time frame that you think this would take? Like invest for what horizon?
     
  17. BrandPlease

    BrandPlease BrandPlease.com VIP Gold Account

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    Life changing (to me, doesn't mean most $). When I first started & made the typical new domain"er" disaster of buying all the wrong names - but darn convinced I was smarter than anyone on NP who warned me.

    Sound familiar - those now new to the space?

    When renewals came around, not a sale made, and I took advice much more seriously - and then when I was really close to calling it quits...some of that NP advice klicked - realized the angry sounding posts were actually helpful & GOOD advice - made a sale. it was ParkCheep (com) for 2.6K ish (was yrs ago).

    That was life changing - several yrs later and thousands of domains later, this is my full time job (yr2)
     
  18. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Ohh wow. Interesting story
     
  19. kaposzta

    kaposzta Top Contributor VIP ★★★★★★★★★★

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    Not life changing, but... When I started domaining, I made all the mistakes rookies do. I spent hundreds or even thousands of dollars in the first years on extremely bad hand-registered domains. It went so bad that I turned to site-building (Squidoo), which went great until it ended, then I tried list building - it was a huge fiasco.

    In the meantime, back in 2014, I registered bulklet.com, with the intent of developing it. Before I could have started it, I received a $150 offer via email, just out of thin air, and I accepted it. This turned me again towards domaining, especially brandable domains. Until that sale I found no value in brandable domains, so it was a game changer. A few months after the sale I found Brandbucket (no sale during 2 years but still great ROI when I sold domains to domainers), and then Brandpa (3 sales, 50 names portfolio, again great ROI when selling to domainers), and then Squadhelp (1 sale, tiny portfolio), and then .co and .eu names (lots of sales and best ROI ever).

    Domaining is still just a hobby for me, but a very rewarding one, and I'm grateful that I got that small sale in 2015 :)
     
  20. Seyikp

    Seyikp Established Member

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    Following
     
  21. biggie

    biggie Top Contributor VIP ★★★★★★★★★★

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    Hi

    domaining..... before it was called that, was a life-changing experience, all in itself.

    and if/ when you're able to capitalize on opportunities within, then each can "enhance" not only your life, but the household included.... should you have such responsibilities.

    coming from a 9 to 5, earning a low middle class income, to having a single sale in a year which was more than a years salary.... is definitely a life changing experience.

    but it's not just the buying and selling,
    it's also those you meet, greet and take a seat together with, on various 'commonalities' about the subject of domains and related events within

    what I've also noticed is that, many barriers of discriminatory practices which exist in society aren't as prevalent or restrictive, in domaining, as in real life.

    where in a brick and mortar environment, one can see you coming and pre-conceive, based on appearance.

    in domaining, domain names, again..... speak for themselves. and reputation carries weight across all lines,
    regardless of race, religion, sex and age, if you're of legal age

    it's a more "equal" opportunity environment to a greater extent, than the brick and mortar world,
    where here, all you need is some $, some common sense, desire and motivation, to start with.

    and for some people, that's a life change experience!

    imo...
     
    Last edited: Apr 27, 2020
  22. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Interesting insight Biggie!
    I mean I never looked at it that way!
     
  23. biggie

    biggie Top Contributor VIP ★★★★★★★★★★

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    yeah,

    a lot of entrants today, seem to just focus on the sales headlines.

    imo...
     

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