NameSilo

My Biggest Sale Yet - $24.5k

Labeled as sales in Domain Buying and Selling Discussion, started by NameBuyer.com, Mar 22, 2020

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  1. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    Congratulations pretty amazing in times like these! That will go a long way. Thank you for sharing this with us and the extra info.
     
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  2. Meldy Edwin

    Meldy Edwin Established Member

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    Motivational post... Thank you for sharing
     
  3. sharastar

    sharastar Established Member

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    @NameBuyer.com Congrats on your good 5 Figure Sale of Plan to Grow Domain.

    Thanks for reporting this big sale and giving us Inspiration.

    Blessing you with more 5 Figure Sales and all the best to achieve your target of $250K this year.
     
  4. E-Thunder

    E-Thunder Top Member VIP ★★★★★★★★★★

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    Same question here if you’re able to share.
     
  5. Samer

    Samer Top Contributor VIP

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    Had to be be BIN based on Rick advice,

    Or $1,000 offer declined and stood firm $24.5K. Think should likely be BIN!

    If you countered five-figure offers, it'd be the bravest thing, ever seen any do.
     
    Last edited: Mar 24, 2020
  6. NameBuyer.com

    NameBuyer.com Top Member PRO VIP ★★★★★★★★★★

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    Thanks! I didn't have a buyer in mind for this domain, but the term was a popular one and I sometimes register phrases if they have widespread use or if they can be applied to multiple industries. My normal requirements for buying a name would be a good name for either a SAAS company, branding/marketing company, online store selling products, good name for a brick and mortar store or an organization/non-profit "cause" that people are passionate about, or at the very minimum, a good name for a marketing campaign.

    My secondary requirement is that I need to be able to envision it being used by at least one solid business model. In this case I figured it could be used for personal/business growth, marketing campaigns for a company, or cannabis related.

    Often times I get the final use completely wrong. Below are some of my notable ones I can think of:

    Domain My Predicted Use Actual Use After Sale
    GreatTogether // com Dating Site Heineken beer commercials promoting European soccer and Heineken being "great together"
    HoodClips // com Hold Downs for Car Hoods Video Clips from the "hood" with 11.2 million instagram followers
    Fluux // com Tech Company JUUL recharger that is a phone case
     
  7. NameBuyer.com

    NameBuyer.com Top Member PRO VIP ★★★★★★★★★★

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    In this case it was a BIN sale. Just got the email from Afternic, which was a complete surprise! (y)
     
    Last edited: Mar 24, 2020
  8. ArielT

    ArielT Top Contributor VIP

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    Thanks for sharing @Namebuyer

    Do you list some domains on brandable marketplaces or only on Afternic?

    Do you promote your domains?
     
  9. thekiller

    thekiller Top Contributor VIP

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    Congratulations and Thank you @NameBuyer.com for sharing this. Would you mind sharing some details like was it parked with Afternic and if FAST transfer was enabled?
     
  10. NameBuyer.com

    NameBuyer.com Top Member PRO VIP ★★★★★★★★★★

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    Currently I have landers at my BetterNames // com site (soon to be switched to our new public marketplace). I also list all the domains on Afternic using the "premium network" option so they are listed at every registrar.

    I don't do any type of domain promotion. I only wait for inbound now. I tried doing outbound 1-2 years ago and contacted 100+ businesses with 1-2 mid $xxx sales. In my opinion it is way too much work and your negotiating position is much weaker. Some people are good at it and that's great, and for the right name at the right time you may get a decent sale, but it wasn't for me.
     
  11. NameBuyer.com

    NameBuyer.com Top Member PRO VIP ★★★★★★★★★★

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    Parked at my BetterNames // com site, and in the Afternic "premium network" with FAST transfer enabled (though there was an issue so I manually submitted the auth code).
     
  12. DomainFQ.com

    DomainFQ.com Contact : [email protected] VIP

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    Congrats and Thanks for sharing.
     
  13. Winfluence

    Winfluence Top Contributor VIP

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    Question: What made you price PlanToGrow at 24k?

    This is the kind of sale that often blows my mind, because I normally would price a domain like that in the low to mid 4 figures, but you had the intuition to know it could sell for higher. I admire people who have the skill to be able to do that, but I honestly can't figure it out... It almost looks random to me in some ways... Its why I stick to generics, because there is more rational that I can bet on, but apparently there's a lot of money to be made in brandables as well if you know what you're doing.

    I recent regged AirOfCredibility dot com hoping to have that kind of intuition / hunch... Do you think I'm on the right track? Or is this a hard miss? 😄
     
    Last edited: Mar 24, 2020
  14. bobo4us

    bobo4us Established Member

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  15. rcs1973

    rcs1973 Established Member

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    Great sale but you have Enormous carry costs. Over $60K annually? You need many home run sales just to carry your portfolio...every year. Next year $100k....
     
  16. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

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    Thanks for such a great detailed answer, and sharing your thinking and logic behind your purchases and sales. Few people have the kind of creative mind needed to come up with domain names like you(y) You remind me of domain savant, and your partner is a lucky guy/gal. Thanks again.
     
  17. mrm_1

    mrm_1 Established Member

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  18. DigitalRoar

    DigitalRoar Established Member

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    Wasn't a fan of Rick when I first started domaining because from my perspective I thought he was just another domain hoarder selling domains at ridiculous prices, the video you shared put things into perspective. I will surely be adjusting prices.
     
  19. nikolasbp92

    nikolasbp92 Upgraded Member Gold Account

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  20. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

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    Winfluence....i'm mesmerized as well. NameWorth.com who advertises on NP values PlantoGrow.com at $34,500. I'm not sure why, but it does. NameBuyer, while he doesn't necessarily endorse NameWorth, refers it when he started this thread. I noticed too that Estibot appraises the name for $25,000, but somehow I think that appraisal is/was after the sale? Note, GD appraised the name for $2,134 and Free Valuator for $2,375 and Epik for $460.

    While I personally like your domain AirOfCredibility.com, GD Values it at $786, Epik where you registered it at $0.00, FreeValuator at $13.71 and NameWorth for < $500. Approximately 50+ of the 1,000 domains I own, Nameworth values between $5,000 and $44,500. I've been using their "free" service, but i think i may upgrade in the hope I can learn more about their valuations.

    Finally, while I'm no fan of Rick Schwartz, NameBuyer refers to him also in his post. I think now I'll check out the Domain King to see what I've been missing:xf.rolleyes:
     
  21. E-Thunder

    E-Thunder Top Member VIP ★★★★★★★★★★

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    Wonder if owner of plan2grow was buyer. Or planstogrow owner.
     
  22. dande

    dande DomainFlexi.com VIP

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    Domainers beefing at a domain investor for selling his domains at high prices. One of the funniest mindset ever.

    You should leave that for the buyers to worry about. What you considered to be ridiculous prices may actually be seen as very cheap by the buyers.
     
    Last edited: Mar 25, 2020
  23. MA000

    MA000 Upgraded Member Blue Account

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    Congrats for the fine sale. Join my auction for "EEED.com" - Triple 4L Aged Domain :)
     
  24. Domain Monk

    Domain Monk Mindful Domaining VIP Gold Account

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    How many hang reg names in your 6 k portfolio, how many names you buy in a month? How long you took to build your portfolio


    Thanks and congrats
     
  25. Telodomains

    Telodomains Established Member

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    Congrats @NameBuyer.com You are an inspiration! Love it! It motivates many of us to keep trying.
     

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