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Made a $6xx sale (first ever $xxx sale)

Discussion in 'Domain Name Sales' started by gtldomainer, .

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  1. gtldomainer

    gtldomainer Established Member

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    Hi all,
    Today I received the payments in my bank account. Actually the sale happened on 31st Dec, 2016, however, the payment got delayed due to various banking procedures.

    The domain name in question is bot-related dot com which I had acquired about a month ago at Snapnames for $1xx. It was an inbound inquiry. Client's first offer was $100 which I was not going to settle for; I countered with $1000 offer. He came up to $500 and I came down to $750. He said $6xx is all he could offer and I said "Okay."

    I have invested, like $1500 already, in my few months time with domaining. And just about a week ago, this domain name was rejected by Brandbucket. I was desperately looking for a sale. Secretly, I was looking to validating my purchasing decisions. And finally, the sale happened and it was consoling and encouraging. Two things I learned with this sale are: 1) Rejections are inevitable; All you need is blind optimism and a thick skin and on top of that, a gut to say "NO" to client's offers when you think your feelings/analysis are right. 2) You must research well about the buyer before making any offer. This can decide if you'll sell for $xx OR $xxxx.

    I'm reporting on this sale because 1) I want to thank the Namepros community without whom I'd have never learned so much about this industry and, 2) to encourage the new domainers that this thing is for real and to tell, you can make big bucks if you learn how to do it right. :xf.wink::xf.wink:

    Thanks,

    PS: I made a $xx sale on Ramped few weeks earlier but never got paid for it, I'm still following up with its support. :xf.confused::xf.confused:
     
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  2. ArzysArt

    ArzysArt Account Closed

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  3. Pierre Barnard

    Pierre Barnard Active Member VIP

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  4. Sophie12

    Sophie12 Account Closed

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  5. usernamex

    usernamex Moderator, NamePros Moderator VIP

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    Great Job @gtldomainer ! Appreciate the back story and what you learned along the way : smile :

    Can you share more about this? You can keep it generic. Maybe not applicable when buyer is hidden, yet might be an area that some overlook.
     
  6. deez007

    deez007 The More I Learn The Less I "Know" VIP

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    Well done dude, congrats on your sale :)

    Good on you for negotiating properly and not giving in when he came back with a $500 offer...

    10 points! :)
     
  7. TERADOMAIN

    TERADOMAIN Business Member Business Account VIP

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  8. TDM

    TDM Established Member

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    Congrats! And thanks for sharing your story!
     
  9. wesley sweatman

    wesley sweatman durfer VIP

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  10. Sachy555

    Sachy555 Account Closed

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  11. gtldomainer

    gtldomainer Established Member

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    Thank you all for your kind words.

    When this buyer sent me an offer, I was really happy that there was someone interested on this domain although I was not excited with the amount. I was confused, whether to accept it or reject it. So, I thought, may be I could dig more about the buyer and I found that he was a CEO of an AI company. As I dug further, I found, it was funded by some most happening VCs in US! That boosted my hope that the buyer could actually pay much higher and thus, I countered with $1000. And the rest is history.

    Had I not researched about the buyer, I would probably have countered with $200 or $300 or would have shagged the entire deal; I'm happy that I did.
     
  12. youaintme

    youaintme Established Member

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  13. spooksy

    spooksy Established Member

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  14. ShenleyAvenue

    ShenleyAvenue Established Member

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  15. slader23

    slader23 Always On The Bleeding Edge. VIP

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  16. LucidDomains

    LucidDomains LucidDomains.com VIP

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    Well done mate! A great start to 2017 for you! (y)
     
  17. frank-germany

    frank-germany Business Member Business Account VIP

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  18. Chilum

    Chilum Established Member

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  19. VaibhavA

    VaibhavA Active Member VIP

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    Many congratulations. Hope many more come your way.

    Thanks for sharing.
     
  20. rentmynames

    rentmynames Established Member

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  21. Julio

    Julio DominioNombres.com VIP ★★★★★★★★★★

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    Congrats hope you have many more sales!
     
  22. Toptrade

    Toptrade Established Member

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  23. Cdomains

    Cdomains Active Member VIP

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  24. platey

    platey Active Member VIP

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    with the co being backed by leading vc s it must be a new tech start up? hopefully the next Facebook lol
     
  25. tldboss

    tldboss Active Member VIP

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    Congratulations!! this gives hope to some of us, thanks
     

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