NameSilo

My First Domain Sale - L/Hub/com - $14,500

Labeled as .com in Domain Selling and Domain Sales started by Mitchell Hengesbach, Sep 11, 2018.

Replies:
98
Views:
3,958

  1. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    When I submitted to Brandpa, my first thought was LearningHUB as well. I had no idea "take an L" was slang for marijuana, very interesting! Marijuana is very popular right now, so maybe someone took advantage of the market.

    When I first bought the domain, I researched end users and came across Laboratoire Hospitalier Universitaire de Bruxelles (LHUB) based in Brussels. Perhaps that is associated?

    I'm sure we'll find out in the coming months what the buyer will do with it. I'm excited to see it!

    Thanks for your support and feedback!
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. ajenipa

    ajenipa Established Member

    Posts:
    460
    Likes Received:
    1,209
  3. MrAcidic

    MrAcidic Upgraded Member Gold Account

    Posts:
    667
    Likes Received:
    777
    Mitchell, Congratz on the stellar sale and it being your first is very very impressive.

    Thanks for sharing
     
  4. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    Thank you!
     
  5. domainer111

    domainer111 Established Member ★★★★★★★★★★

    Posts:
    634
    Likes Received:
    915
  6. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    Thanks! :)
     
  7. Keukatodd

    Keukatodd Upgraded Member Blue Account

    Posts:
    499
    Likes Received:
    1,833
    Holy smokes! My jaw hurts from hitting the ground..... Congratulations and many more be yours!
     
  8. DomainBarracksRob

    DomainBarracksRob Active Member VIP

    Posts:
    866
    Likes Received:
    1,592
    @Mitchell Hengesbach sorry if I missed it , but curious, what was the BIN listed price on Brandpa?

    You say declined 12.5 and accepted counter of 14.5.......did you decline without making a counter price as well ?

    Thanks
     
    Last edited: Sep 13, 2018
  9. Walter Eason

    Walter Eason Established Member

    Posts:
    27
    Likes Received:
    20
    Congratulations........hopefully i'll make my first sale this month.


    Wish you more sales.
     
  10. boker

    boker Active Member VIP

    Posts:
    7,584
    Likes Received:
    1,162
    First of all, congrats Mitchell, you've done well. What nobody is saying is that the buying strategy is wrong. Why do you think that no other experienced domainer has not bidet over $900 for it? Because the ROI expected was not good enough. This time you were lucky but it will not be like this alvays. After paying the bp commission, you've netted just about 10 times your investment. So that means that you need to sale 10% of your names aquired for roughly the same amount and sell them for something the same. The history is showing that something is wrong with this strategy and most of the times you will pay much more than you make, if you count multiple sales and acquisitions. I'm wondering, how you stand regarding your entire portofolio, you are on profit? The only thing is that you had some hand regs in your portofolio, because if you had just aftermarket purchases at this price, you would have been in red big time. Also, the hand regs stuff works for the experienced guys, they have a return of their profit tens-hundreds of times more than the 10 times return that you have made...hopefully you will not choose the wrong way to make high value acquisitions without a good ROI in mind, because you will loose big time.
     
  11. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471


    With all do respect, @boker , could you possibly be more arrogant and short sided with your feedback?

    Just because my buying strategy is not the same as your buying strategy or someone else's buying strategy, does not make it "wrong."

    If I make $1 more than what I paid for a domain, then I made a ROI. Profit is profit. Domain buying/selling is not my full-time job, it's a side hobby; any amount of money made is great.

    I have no idea why you believe I need to sell 10% of my current domains for the same price as I sold L/hub. How are you concluding this? You don't know the size of my portfolio or how much I've spent on domains. If every domain I bought was $985, that might make sense, but I don't come anywhere close to spending that type of money for each domain and I never would. I bought L/hub for that much because it was 20 years old, had only 4 letters, contained a very popular keyword and was not an atypical 4LLLL, and previous domains with the keyword "hub" have sold well. I bought it as a long-term investment, so I was surprised that it sold so quickly. I don't consider this "lucky" either, I do my research.

    Yes, I am currently profitable with my portfolio, probably up $8,000. I don't have that many domains. I've been doing this for only 6-7 months. I might buy one domain a week. So no, I'm not "red big time."

    I'm not experienced or as knowledgeable as someone who does this full-time. I'm sure there are many people out there that have made and continue to make "tens-hundreds" of times more than what I just made. I think that is fantastic and I wish them continued success. That's not my goal though. I'm not doing this to become super rich, it's just a fun side hobby. As I said before, profit is profit. 2x, 10x or 100x sales, it's all money.

    Thanks for the congrats.
     
  12. boker

    boker Active Member VIP

    Posts:
    7,584
    Likes Received:
    1,162
    So exactly this is what I've said, if all your buys will have an average acquisition price like this one and roughly the same value, you will loose money on the long run, if you don't sell at least 10% of your names, which will be very hard to achieve. So if it's a genuine opinion, it has to be mal intended. If you did your research, and the average sale price for one letter + hub was around 3k and L/hub didn't had a spectacular number of end users, how your research was great? Why do you think that at least hundreds of other domainers have stopped bidding before 900$? This time the result was great but trying to replicate that on the long run will end up in loosing money. And no, as far as I know, in domaing it's not enough to make 1$ profit or 2-4-7 times the amount which you have invested, because you will not sell most of your portofolio during your life time. I don't really care what you do, but I've noticed that you were saying that you know what you will do from now on and doing the same thing with multiple domains will not end up in green for sure.
     
    Last edited: Sep 13, 2018
  13. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    I understand what you're trying to say, but you're making a conclusion when you don't have all the information. L/hub was the only domain that I ever bought for $900+, prior to this the most expensive domain I bought was around $50 and most are around $15. You're making an assumption that I pay $900+ for all of my domains, which is not accurate. You should never assume anything.

    I doubt that I'll ever replicate this sale, but it's always possible. That's not my goal though. I'm very strategic with how I purchase domains. I have a specific budget and stick to that budget. When I sell a domain, I'll buy another. If I don't sell a domain, I don't buy. That is why I'm profitable.

    You're trying to analyze my entire strategy and profitability with this one sale and it's simply not accurate. You don't have the information. You're trying to make a hypothesis without context, perspective or a method. But anyways, I know you're trying to help. I appreciate your attempt to do so.
     
  14. karmaco

    karmaco Active Member VIP

    Posts:
    1,087
    Likes Received:
    1,810
    What can be said safely is that while this is a great sale and very much to be celebrated this is above the norm in general and even more of a rarity on a brandable venue where most domains are priced around 3K. You picked well and you did well.

    Unfortunately these types of sales don’t happen all the time unless someone has an outstanding portfolio. Very wise to spend your profits carefully.
     
  15. sbweb

    sbweb Active Member VIP ★★★★★★★★★★

    Posts:
    1,444
    Likes Received:
    433
    Nice sale! Definitely a confidence booster and gives you hope for future business.
     
  16. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    I agree with you 100%. Very rare sale and I won't take that for granted. I don't anticipate selling my other domains anywhere near that price. I'll be lucky to sell any of them. I'm thankful for this rare opportunity :)
     
  17. Chay Toks

    Chay Toks New Member

    Posts:
    5
    Likes Received:
    1
    what better motivation do one need...........congrats on your first sale, ten percent of this as my first sale would be awesome, fingers crossed
     
  18. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    Good luck to you!
     
  19. AuctionBio

    AuctionBio Active Member VIP

    Posts:
    1,742
    Likes Received:
    1,285
    Very happy when I see sales like you had
    it is always an awesome read, reading a word by word a success story for same industry where you are in.
    Best of luck for all your investments and hope to listen from you another success story.
     
  20. treasure28

    treasure28 Established Member

    Posts:
    199
    Likes Received:
    871
    Congratulations.
    At what price was it listed on Brandpa
     
  21. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    Thanks for your kind words! I hope for future success for me and you!
     
  22. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    Brandpa originally wanted to list it at $7,895 (that was before they let users suggest a price). I contacted support and requested that it be increased to $16,895. They accepted this new price and it was listed as such.
     
  23. Windoms

    Windoms Upgraded Member Gold Account

    Posts:
    124
    Likes Received:
    83
    Congrats. This is your chance to grow so be careful. Spread your acquisitions over time and dont go on shopping sprees. 2000$ shopping budget done twice is 40% of your profits. Be careful with 20-50$ domains that are ''cool''.
    If I was to make a plan for my profits Id keep a healthy portfolio on one side where I focus on good 500-1000$ domains that I can either sell for the same amount or make crazy ROI on them. 7500 out of 10.000$.
    Then 2500$ for domains up to 100$ to satisfy the monster. Spent over time.
    Have it your way.
     
  24. Windoms

    Windoms Upgraded Member Gold Account

    Posts:
    124
    Likes Received:
    83
    ''The monster'' i mean whatever ideation/creativity genius you might be. Experience is good
     
  25. Mitchell Hengesbach

    Mitchell Hengesbach Upgraded Member Blue Account

    Posts:
    272
    Likes Received:
    471
    Thanks for your feedback. For now, I'm not spending anymore money on domains until I sell at least one more. I'm happy with the profit I just made. I have a few domains that I feel confident about, so we'll see what happens, I'm patient :)
     

Want to reply or ask your own question?

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

Share This Page

Lysted
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...