NameSilo

My first $x,xxx sale

Labeled as news in Domain Selling and Domain Sales, started by DomainingIsFun, Jan 13, 2017

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  1. DomainingIsFun

    DomainingIsFun Established Member

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    I'm so happy. I want to tell everyone, but everybody I know doesn't care about domains. So I came here.

    I've had 2 $xxx sales. They were great and kept me going. Both were on flippa, one via auction won, and the second fell into my lap by chatting up an $xx auction winner. Both of them were $69/$79 namejet names.

    On this last sale, I was catching namejet names (one of my favorite places) based on a little more research than I had been doing. I've been playing fast and loose like most beginners (from what I hear) and long story short I now have a huge list of names I'll probably let drop. But I've began buying much more conservatively lately and I found this name on namejet I really liked, got it for $79. I figured brand bucket would accept it but they didn't. So I listed on flippa, with $xxx minimum offer $xxxx BIN and recently converted it to an auction. Set a low reserve and $xxxx BIN and it still ended up not selling, so I relisted, at the same figures but 30 days instead of 7. With $1 bid on it, after 6 days, someone bought it for BIN.

    I'm ecstatic and much more focused now. I had my doubts about domaining but I think I've finally got the right idea. Don't get discouraged and if there's value there, you'll get it.

    Namepros has been really helpful and to other beginners, listen to these guys. They know how to do it. Imitate success. Yay domaining!
     
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  2. Haris

    Haris Best Domainer Of The End-Times VIP

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    Congrats, mind sharing the domain?
     
  3. mpls

    mpls Top Contributor VIP

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  4. Constantin S

    Constantin S Top Contributor VIP

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    Congrats, hopefully more to come soon!
     
  5. DomainingIsFun

    DomainingIsFun Established Member

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    Thanks guys I'm not sure if I should share because I'm unsure of the buyers intentions for the domain.
     
  6. Traveler

    Traveler Top Contributor VIP ★★★★★★★★★★

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    Congrats, that was a fast and profitable flip!
     
  7. Pierre Barnard

    Pierre Barnard Top Contributor VIP

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  8. youaintme

    youaintme Established Member

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    Okay, I will Imitate success :xf.wink: Congrats to you and me.
    Bcuz this showed me It's possible ..Yay it's reachable.
     
  9. DomainingIsFun

    DomainingIsFun Established Member

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    I am by no means the success. But I believe I'm on the way :) My best advice is make sure you are certain you are buying something valuable before buying, then buy it for as little as possible because every $1 you spend on a domain is $1 potential loss.
     
  10. bonin

    bonin NamesBefore.com VIP

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    Well done mate, 2017 sart amazingly good :)
     
  11. Kuffy

    Kuffy Name Stag VIP

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    I've always said that domain names represent dreams. To get the best price you have to find someone with that dream, and build it in his mind. That's easy to say, but I still haven't worked out the best way to attach a dream to a name. :)
     
  12. platey

    platey Top Contributor VIP

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    you don't need to attach a dream to a domain

    a good example i suppose is fb

    to have bought Facebook dot com
    etc a person must have realised that eventually there would be a website full of faces eg face book and bought the perfect .com of the domain that reflects the idea / dream - eventually someone else will have that same idea dream/ vision / dream etc and will type in your domain and find that it has been bought which leaves them with the choice of choosing another domain or giving up on that dream or making you an offer for your domain
     
  13. Fuadiansyah

    Fuadiansyah Established Member

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    Congratulation for your nice sell buddy. It certainly encourages everyone, especially newbie like me..
    But, something that bother me, all of domains that I like always has reserved price of >$1000 on Namejet lol. Your post open my eyes that there are still names there priced $69 that actually can sell for $x,xxx
     
    Last edited: Jan 15, 2017
  14. SBS66

    SBS66 Established Member

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    Congratulations! ...and many more!
     
  15. usernamex

    usernamex Top Contributor VIP

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    Great Job @DomainingIsFun !

    Not only a wonderful sale but really solid advice as well! Thanks for sharing your success story.

    And oh yeah, non-domainers so totally do not get it : rolleyes :
     
  16. VaibhavA

    VaibhavA Top Contributor VIP

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    Congrats bro, Hope many more come your way.

    Thanks for sharing!
     
  17. deez007

    deez007 The More I Learn The Less I "Know" VIP

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    Well done @DomainingIsFun

    Congrats on an excellent sale and good job on finding a "winner" and for keeping at it.

    Hope this is 1 sale from many many more to come in future! :)

    All the best...
     
  18. spooksy

    spooksy Established Member

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    It really depends on the source of your domains. If you get them through one of the many registrars partnered with Namejet, you'll usually find there to be no reserve. If you're buying directly off a domainer, reserves will be a lot more common because people like using Namejet as a marketing platform for their category killers (and Namejet obviously loves the hype and traffic that comes with that).

    I personally love using Namejet to liquidate and consolidate parts of my portfolio that no longer fit within my margins and business plan. The kind of $xxx name that doesn't have the heavyweight type in traffic that higher end domains have, and that's really just too much of a hassle to flip on forums or send to spotlight auctions for what it'll eventually pay. With some luck, even a no reserve $69,- liquidation listing on Namejet can bag $x,xxx numbers for such names - if bidders get emotional!
     
  19. DomainingIsFun

    DomainingIsFun Established Member

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    Yes many of the good ones have reserves but there's still a lot of good ones that don't. A good strategy is to find you one that you want and bookmark it. Don't bid until right before it ends, once you bid it's easier for your competition to find it too!
     
  20. Rinkuji

    Rinkuji Top Contributor VIP

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  21. TerriJ

    TerriJ Established Member

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    That's a golden nugget there. I've also been told to list for 30 days instead of 7. (y)
     
  22. TerriJ

    TerriJ Established Member

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    Forgot to mention... I've also been told to start at $1 with no reserve set.... this part scares me. That's a huge gamble.
     
  23. DomainingIsFun

    DomainingIsFun Established Member

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    I set a reserve personally but I'll typically disclose it to whoever requests
     
  24. AIS01

    AIS01 domainer VIP

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    Congratulation...:xf.wink:
     
  25. Cdomains

    Cdomains Top Contributor VIP

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    Congrats!

    Well done!

    Just what we all want to hear.

    Keep it up!!!!!
     

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