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.

 

[Bohdan]

why someone would buy that - plant -o- grow?

made me hopeful about my domains off couse

It is "Plan To Grow"

 

[Samer]

These are my favorite threads on Namepros

Thank you, @NameBuyer.com.

Samer

 

[NameBuyer.com]

Thanks to all for the positive feedback and good wishes. I wish you all the best of luck in your future sales.

 

[DomainBarracksRob]

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

 

[Meldy Edwin]

Motivational post... Thank you for sharing

 

[sharastar]

@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.

 

[Samer]

Same question here if you’re able to share.

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.

 

[Winfluence]

In this case it was a BIN sale. Just got the email from Afternic, which was a complete surprise!

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?

 

[Keen]

I have around 6,600 domains now. Part of those are with a partner. Trying to grow to over 10,000 domains in the next year.

I don't want to advocate NameWorth here, I was just referencing my prior post that at a particular point in time I was making an effort to up the prices on 30-40% of my domains in an attempt to increase revenue and get higher sales.

If I had less domains I probably would have manually evaluated all the prices. But the thought of manually re-evaluating over 6,000 names was painful, so that's why I ran them through the tool first to identify the top names, then manually reviewed the domains that were flagged.

After 17 years, I've gotten 2 of my highest sales so far in the last 12 months, so the effort has been successful in that respect, but the total revenue is about the same as mentioned in my post above. The end result is I've sold and leased 40 names in the last 12 months, instead of 60-70 domains like I had in the prior 3-4 years.

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....

 

[dande]

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.

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.

 

[satyadeep singh]

grate job

 

[Moosan]

Congrats on sale.

 

[Samer]

Morgan Linton wrote about you, check it out

https://morganlinton.com/after-taki...or-lands-his-biggest-sale-in-seventeen-years/

Samer

 

[ThatNameGuy]

I have around 6,600 domains now. Part of those are with a partner. Trying to grow to over 10,000 domains in the next year.

I don't want to advocate NameWorth here, I was just referencing my prior post that at a particular point in time I was making an effort to up the prices on 30-40% of my domains in an attempt to increase revenue and get higher sales.

If I had less domains I probably would have manually evaluated all the prices. But the thought of manually re-evaluating over 6,000 names was painful, so that's why I ran them through the tool first to identify the top names, then manually reviewed the domains that were flagged.

After 17 years, I've gotten 2 of my highest sales so far in the last 12 months, so the effort has been successful in that respect, but the total revenue is about the same as mentioned in my post above. The end result is I've sold and leased 40 names in the last 12 months, instead of 60-70 domains like I had in the prior 3-4 years.

I'll say congrats to you as well NameBuyer. A few questions and a few observations. Did you personally have an "end user" or a "use" in mind for plantogrow.com when you registered the domain in 2016? Regardless, do you know what the "end user" intends to use it for now? The reason I ask, if you attempt to access plantogrow.com it just takes you to a login page where you need a user id and password to enter.

My first thought was, "plan to grow" what?....corn, assets, your business etc? As you know, most of us don't reach our potential or goals because we "fail to plan"

Like you I follow NameWorth and their valuations, and I see where they value plantogrow.com at $34,500 while GD values it at $2,134, FreeValuator at $2,375 and Epik/Estibot at $460. Note, i see where Estibot just changed their valuation to $25,000 based on your recent sale To make another point, of the thousand domains I own, 50 of them have valuations from $5,450 to $44,500 at NameWorth, and as a result of your sale, i intend to pay more attention to those domains....thank you!

A couple more observations...i see where you have a "partner" in your domain quest. It's pretty much a fact that two heads are better than one, and while I'm able to create comparable names to plantogrow.com almost daily, i need help bringing them to market.

Finally, i think I read where you liquidate less than 1% of your portfolio annually? While that works for your business model, it most likely doesn't work for everyone's. What I'm saying is, there's more than one way to succeed in this business and you've carved out your way....good on you and thanks for sharing.

One last thing...i just hand reg'd a domain very similar to the name ProfessorBrad.com, that btw is already registered. However, Nameworth values ProfessorBrad.com at $1,750 while it values the domain I just registered at $7,450. My point is that I seem to be getting better at this every day, and NameWorth is confirmation

 

[ArielT]

Thanks for sharing @Namebuyer

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

Do you promote your domains?

 

[NameBuyer.com]

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?

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).

 

[DomainFQ.com]

Congrats and Thanks for sharing.

 

[King]

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.

 

[ThatNameGuy]

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?

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

 

[MA000]

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

 

[Domain Monk]

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

 

[Telodomains]

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

 

[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.

 

[Kassey Lee]

@NameBuyer.com Thanks for sharing your valuable experience.

 

[BrandEntrance.com]

Congrats on the sale.

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