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

Discussion in 'Domain Name Sales' started by gtldomainer, Jan 7, 2017.

Replies:
52
Views:
2,714

  1. gtldomainer

    gtldomainer Established Member

    Joined:
    Oct 6, 2016
    Posts:
    264
    Likes Received:
    344
    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:
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. ArzysArt

    ArzysArt Account Closed

    Joined:
    Jan 5, 2017
    Posts:
    254
    Likes Received:
    611
  3. Pierre Barnard

    Pierre Barnard Active Member VIP

    Joined:
    Apr 5, 2016
    Posts:
    1,619
    Likes Received:
    2,530
  4. Sophie12

    Sophie12 Account Closed

    Joined:
    Dec 17, 2016
    Posts:
    297
    Likes Received:
    420
  5. usernamex

    usernamex The goggles do nothing| VIP

    Joined:
    Dec 30, 2015
    Posts:
    4,279
    Likes Received:
    11,046
    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"

    Joined:
    Dec 14, 2010
    Posts:
    7,254
    Likes Received:
    13,530
    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

    Joined:
    Dec 13, 2010
    Posts:
    2,848
    Likes Received:
    4,252
  8. TDM

    TDM Established Member

    Joined:
    Nov 20, 2016
    Posts:
    401
    Likes Received:
    517
    Congrats! And thanks for sharing your story!
     
  9. wesley sweatman

    wesley sweatman durfer VIP

    Joined:
    May 30, 2016
    Posts:
    1,744
    Likes Received:
    3,235
  10. Sachy555

    Sachy555 Account Closed

    Joined:
    Aug 27, 2016
    Posts:
    308
    Likes Received:
    665
  11. gtldomainer

    gtldomainer Established Member

    Joined:
    Oct 6, 2016
    Posts:
    264
    Likes Received:
    344
    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

    Joined:
    Dec 7, 2016
    Posts:
    168
    Likes Received:
    100
  13. spooksy

    spooksy Established Member

    Joined:
    May 23, 2016
    Posts:
    112
    Likes Received:
    253
  14. ShenleyAvenue

    ShenleyAvenue Established Member

    Joined:
    Nov 22, 2016
    Posts:
    128
    Likes Received:
    37
  15. slader23

    slader23 Always On The Bleeding Edge. VIP

    Joined:
    May 24, 2016
    Posts:
    1,522
    Likes Received:
    2,031
  16. LucidDomains

    LucidDomains LucidDomains.com VIP

    Joined:
    Mar 21, 2015
    Posts:
    2,823
    Likes Received:
    6,090
    Well done mate! A great start to 2017 for you! (y)
     
  17. frank-germany

    frank-germany Business Member Business Account VIP

    Joined:
    Jun 21, 2015
    Posts:
    4,681
    Likes Received:
    4,715
  18. Chilum

    Chilum Established Member

    Joined:
    Feb 29, 2016
    Posts:
    132
    Likes Received:
    11
  19. VaibhavA

    VaibhavA Active Member VIP

    Joined:
    Jan 5, 2016
    Posts:
    808
    Likes Received:
    1,458
    Many congratulations. Hope many more come your way.

    Thanks for sharing.
     
  20. rentmynames

    rentmynames Established Member

    Joined:
    Nov 29, 2015
    Posts:
    295
    Likes Received:
    551
  21. Julio

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

    Joined:
    Nov 8, 2005
    Posts:
    1,994
    Likes Received:
    1,123
    Congrats hope you have many more sales!
     
  22. Toptrade

    Toptrade Established Member

    Joined:
    Nov 28, 2016
    Posts:
    320
    Likes Received:
    124
  23. Cdomains

    Cdomains Active Member VIP

    Joined:
    Oct 15, 2015
    Posts:
    2,112
    Likes Received:
    3,386
  24. platey

    platey Active Member VIP

    Joined:
    May 21, 2016
    Posts:
    1,695
    Likes Received:
    1,852
    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

    Joined:
    Oct 13, 2016
    Posts:
    1,044
    Likes Received:
    4,592
    Congratulations!! this gives hope to some of us, thanks
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!

Share This Page

Loading...