IT.COM

strategy Ovid*** sold

Spaceship
Watch

Bonsu

Top Member
Impact
2,651
So I decided to stop buying domains for now since I am still learning and currently have close to 50 domains currently. So all I do is just visit namepros and a Nigerian domain forum just to read, read and read... On Sunday while reading and checking expired domains I saw 4 names that just dropped for handreg but I wasn't still too sure about it since I'm still a newbie but in less than 5 minutes late hen I refreshed it.. They were app gone :wideyed:. I was shocked and disappointed that I am underestimating myself. So the next set of names dropped in expireddomains.net and I saw a name that sounded nice Ovid///consulting/////king
I googled just Ovid and I saw companies using it just from the first page.. I didn't even think about it, I bought it. So I spent 2 hours searching for the right endusers and I could get just 11 companies email addresses (CEO, cfo, info@...), I set up an auction/bin on @namesilo composed an email and sent it out.
It was on a Sunday had to sleep as it was close to midnight here in Nigeria and after 8 minutes I got a mail from one of the companies..
"I'm interested, but you'll need to explain the bidding processes further. I take it this is a silent auction? How many bids are you expecting?"
I jumped out of bed:xf.grin:, told him I sent the mail to 11 companies and he said he would talk to his team and get back to me in the morning......Sent him a mail asking if they want to make me an offer and he said what offers have I received.. I told him $200-350 so they offered $449 and I countered with $600-995(bin).
They got angry that my valuation was too high and so they reduced theirs to $350. From the lessons from my past mistake when buyer gets angry and then they don't respond anymore.
So I told them let's do it for that amount and so I set up the BIN and sent series of follow up mails but for 3 days no response. I got angry and changed the BIN to $579. Just last night he sent a mail that the independence has made work slow. That he visited the page and the price was different. So I changed it back and sent a mail and he bought it.
Ovid*consulting*king
Purchase date: 1/7/2018
Purchase price $6.99
Registrar:Namesilo
Sale date: 7/7/2018
Sale price: $350
Marketplace: Undeveloped
 
Last edited:
77
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
Nice, good ROI on a quick flip.

But you both need to clam down your anger :rage:.
 
Last edited:
12
•••
Still the learning process o

You have done very well for a newbie, I actually very much enjoyed reading your post. Now I could go off and give you all kinds of advice but I think you have shown both patience and restraint, both of which are required in this field. So I don't think you need me to chime in on any of the advice bit.

I do have one tiny bit of advice though........

Keep doing what you're doing, you're learning fast (y)(y)(y)
 
6
•••
Raising the BIN price to $579 was a good move and probably got his attention/interest back on it.

Congrats on sale.
 
4
•••
Nice job on the sale and quick turnaround! Your name selection skills are clearly improving, as well as your end user research.

When doing outbound, I would personally avoid running an auction. I would also avoid asking them to make an offer. If you're going to approach businesses with unsolicited sales offers, you want to keep things as straight-forward as possible. The more hoops you make them jump through, the more they are going to feel like you're playing games. Just let them know the domain is for sale, and if they ask for a price then give them one and go from there.

Keep up the good work!
 
4
•••
I learnt that lesson in the sale. I'm not going to take that route of making them pass through hurdles. I think the auction made them take their decision quick.. imo
It's possible... but for every person who acts quickly there are likely a lot more who ignore the email as soon as they see they're being asked to visit a strange link to bid on a domain name. It feels scam-ish. Just think about if you received an unsolicited email like that.
 
4
•••
Congrulations for your sale!
 
2
•••
2
•••
well done on the fast sale! (y)
 
2
•••
2
•••
2
•••
2
•••
2
•••
2
•••
2
•••
2
•••
2
•••
1
•••
1
•••
1
•••
1
•••
1
•••
1
•••
So I decided to stop buying domains for now since I am still learning and currently have close to 50 domains currently. So all I do is just visit namepros and a Nigerian domain forum just to read, read and read... On Sunday while reading and checking expired domains I saw 4 names that just dropped for handreg but I wasn't still too sure about it since I'm still a newbie but in less than 5 minutes late hen I refreshed it.. They were app gone :wideyed:. I was shocked and disappointed that I am underestimating myself. So the next set of names dropped in expireddomains.net and I saw a name that sounded nice Ovid///consulting/////king
I googled just Ovid and I saw companies using it just from the first page.. I didn't even think about it, I bought it. So I spent 2 hours searching for the right endusers and I could get just 11 companies email addresses (CEO, cfo, info@...), I set up an auction/bin on @namesilo composed an email and sent it out.
It was on a Sunday had to sleep as it was close to midnight here in Nigeria and after 8 minutes I got a mail from one of the companies..
"I'm interested, but you'll need to explain the bidding processes further. I take it this is a silent auction? How many bids are you expecting?"
I jumped out of bed:xf.grin:, told him I sent the mail to 11 companies and he said he would talk to his team and get back to me in the morning......Sent him a mail asking if they want to make me an offer and he said what offers have I received.. I told him $200-350 so they offered $449 and I countered with $600-995(bin).
They got angry that my valuation was too high and so they reduced theirs to $350. From the lessons from my past mistake when buyer gets angry and then they don't respond anymore.
So I told them let's do it for that amount and so I set up the BIN and sent series of follow up mails but for 3 days no response. I got angry and changed the BIN to $579. Just last night he sent a mail that the independence has made work slow. That he visited the page and the price was different. So I changed it back and sent a mail and he bought it.
Ovid*consulting*king
Purchase date: 1/7/2018
Purchase price $6.99
Registrar:Namesilo
Sale date: 7/7/2018
Sale price: $350
Marketplace: Undeveloped
Congrats! I wish you more sales.
 
1
•••
1
•••
  • The sidebar remains visible by scrolling at a speed relative to the page’s height.
Back