sales My Biggest Sale Yet - $24.5k

[NameBuyer.com]

Hi All,

Wanted to report my biggest sale yet that came after revising my prices back in August. I'd like to thank everyone here and special gratitude to @Riz M., @AbdulBasit.com & @DnFolk for also reporting their recent large sales. It has been very much appreciated. Also a thanks to Mike Mann for continually reporting his sales on twitter.

Special thanks to Rick Schwartz for his video below. You should checkout his blog, videos and twitter regularly if you don't already. It helps to keep things in perspective.

https://twitter.com/DomainKing/status/1156858192711888896

Purchased in 2016 for $19.47 via godaddy.

I've been buying and selling domains for over 17 years. Prior to August, I'd been selling about 60-70 domains per year to end users, but last year I revised the prices on about 30-40% of my domains (see below). The reason I increased pricing on many of my domains was because it really felt like I was underselling many domains and leaving too much money on the table.

So the plan was to increase the prices to NameWorth suggested levels (where I feel it makes sense) and then try to get to $250k in annual sales from the current $130k-$140k. So hopefully I'll get there, or maybe I'll crash and burn because the prices are too high. But the first month is looking great so far and on track

HUGE DOMAINS SNIPING GODADDY CLOSEOUTS

While this has been the second 5 figure sale since August and my average sale price is much higher than in prior years, my overall sales have not really been higher.for the last 12 months as the higher prices on the top 30-40% of my names have likely decreased the quantity of sales. Maybe I'll try to fine tune this over time to see if I can achieve the right balance.

 

[DrJacoby]

The video below is one of my favorites as far as helping to shift paradigms, and I've watched it multiple times. It has to do with pricing/value of logo design, but the concepts can be directly applied to domain sales.

Thank you for an excellent video!

The concept can absolutely be applied to domain names. The problem is knowing the identity of the potential buyer. Figure that out, and you'll definitely make more money.

 

[PhongSGC]

Cool, how long for afternic to verify buyer's payment?

 

[Kassey Lee]

@NameBuyer.com Thanks for sharing your valuable experience.

 

[rumevic]

NameBuyer, thanks again for sharing your domain brilliance. I just listened to the video you provided, and it's brilliant as well. I also appreciate your analysis of names like AirofCredibility(dot)com, and ASliceofPizza(.)com.

I think a lot like you when it comes to the "target" your domain is intended for, ie., the mom and pop pizza business or the pizza chain with 10-15 restaurants.

That said, you'll find on your "reg of the day" i just registered ProShopFashion(dot)com, and the target audience it's intended for (fashion and apparel) is a 167 Billion dollar industry. My question for you? Why wouldn't you look to market it directly (outbound) to someone like a Fanatics.com or someone in the online apparel business?

Finally, thanks again for sharing your thoughts and use of NameWorth as a valuation/appraisal tool. I recently upgraded my service with them and would luv to partner with them in some capacity

NameWorth can give value for .com domains only they say. I have a lot of other extensions domains though

 

[jamie white]

congrats my friend. Awesome sale!!!

 

[BrandEntrance.com]

Congrats on the sale.

Always great to read these and get insights into what goes on behind the scenes so to speak.

 

[NameBuyer.com]

Cool, how long for afternic to verify buyer's payment?

That was the first notice I got. I believe Afternic typically notifies the seller only after the payment is ready to go.

A different one I got 4 days ago was the same. The only delay seems to be getting the domain to the Buyers account before releasing the funds to you. Some buyers are faster than others.

 

[namua]

Congrats!
I will thankful to you if give us some tips, your marketing method, domain selection, marketplace listing, holding period etc.

 

[karandeep72]

congratulations!! cheers

 

[Denismth]

Congrats! but how much bought?

 

[Arjun Oli]

nice sale

 

[Levi Zheng]

ManyCongrats.com for you

 

[AboGamil]

congrats

 

[DpakH]

Congrats

 

[khanum00700]

Congratulations!

 

[Rohit kalra]

@NameBuyer.com What's your strategy to make a domain sale. What you prefer outbound or let buyer to make offer that is inbound. I also listed some domains which I purchased in 2019 but none of them sold.

 

[Prince X]

Thanks for Sharing