Sold domain name to a large corporation, buyer was just an anonymous individual

Discussion in 'Domain Name Sales' started by xynames, Oct 11, 2017 at 1:22 PM.

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  1. xynames

    xynames Established Member

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    So I sold a domain name back in March 2017, to an individual who made an initial offer of $400., on Dynadot Marketplace. We closed the deal at mid four figures, a fair price, maybe even on the low side, for a five letter domain name of mine that consisted of a real word plus a single digit number. Buyer was in California.

    Since the sale I have been monitoring the domain URL, wondering why it it is still resolving to my name servers, and nothing has happened with it.

    Today I noticed that the domain name was finally not resolving, which meant that nameservers were in process of being changed. I googled the domain name, and Voila! there it was, a federal trademark registered shortly after my sale, for a new product from a major US corporation that is located in the same city and state as the individual buyer. Obviously the buyer works for the corporation, but didn't want to alert anyone to who wanted the domain name.

    After the initial $400. offer, I wrote back immediately that this was a premium domain name and that $400. was not going to cut it. I eventually quoted a price, and he came up to about what I wanted, and we closed the deal with the escrow fees split.

    Just goes to show - even big companies try to snatch domain names cheap. Everyone wants a bargain - even to the point of a big company trying to save a few bucks lol by splitting escrow fees. Luckily, I do my research and comparables and have a sense of what my domains are worth, which in my opinion anyway, is a lot.
     
    Last edited: Oct 11, 2017 at 1:30 PM
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  2. mr-x

    mr-x Acme Domains Business Account VIP ★★★★★★★★★★

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    "which in my opinion anyway, is a lot." :-D
     
  3. xynames

    xynames Established Member

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    :-D Hell, if I the seller don't think my domains are worth a lot, the battle with the buyer is lost before it's begun.
     
  4. elmoney

    elmoney Active Member VIP

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    Оne week ago one person (company) sent me an email with initial offer $mid xxx. I studied them and found out that it was a large international billionaire corporation, that as soon they will update to new rebranding that matches my domain. I asked them to increase his offer, but he replied with mid xxx, their final offer, that they have no money...
     
  5. Haris

    Haris Best Domainer Of The End-Times Business Account VIP

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    Same thing happened with me 2 weeks ago.. billionaire buyer's max budget is $862.. lol
     
  6. wot

    wot Top Member VIP ★★★★★★★★★★

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    It certainly makes sense for buyers to remain anonymous. A major UK company involved with domains uses a Poland based "buyer" on Sedo.

    Nothing new.
     
  7. xynames

    xynames Established Member

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    Well in my case, a five digit domain, real word plus single numeral, whether sold to a big corporation or a nobody the domain was worth what it was worth, but yes - it definitely would help to know who your buyer is!
     
  8. Omar Negron

    Omar Negron Supportive Member NamePros Supporter VIP

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    Good stuff.

    As long as that ROI was good, that's what matters.

    Congrats.

    -Omar
     
  9. tupungato

    tupungato Established Member

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    So, do you think it was an employee who was tasked with buying the name? Or maybe an employee who had insider knowledge about the product and knew he'd be able to flip it for a good price?
     
  10. elevator

    elevator Active Member VIP

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  11. KINGOF.TOP

    KINGOF.TOP Owner of ▲ the most expensive domain of all time. Business Account VIP

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    There is always a reason why someone wants something.
    There are undercover buyers like there is undercover police.
    But as long as you agreed to a negotiated price, everything is great - no matter who was the buyer in fact - therefore my congrats to your sale.
     
    Last edited: Oct 13, 2017 at 7:40 PM
  12. ben pedri

    ben pedri Active Member VIP

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    yea being that the buyer was very secretive I assume there was no privacy for the deal,so What was the domain name?
     
  13. hemirate

    hemirate Established Member

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    Last February I sold a domain for 1000EUR (About 1180 USD at today exchange rate) to a NYSE-listed,
    US$2.73 billion net income (US$22 billion total revenue) pharma company.

    They used Uniregistry/DomainNameSales broker, who I guess didn't have a clue on the end user.

    You said it right "Everyone wants a bargain".

    As long as you got the price you asked for (or around that) everything is fine.

    For those wondering, yes I was happy with selling my domain at that price.

    You don't have to price your domain names based on who the buyer is, but on the value you give to the domain name itself.

    This is one of the reasons I like to put BINs on my domain names
     
    Last edited: Oct 14, 2017 at 4:52 AM
  14. ben pedri

    ben pedri Active Member VIP

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    I think your right earler this year I decided to put a few bin on afternic ,I have so many domains so when afternic said I sold one ,I prayed for 2 thing ,first of all that I still owned the domain second of all that the bin was high, I actually sold a couple at the bin price of 3600, names that they would have talkin me down to 800 bucks,and best of all the actual page redirected to fabulous that had a make offer banner ,so I really don't get this crap , it shows that there are really impulse buying going on
     
  15. .NJ

    .NJ Active Member VIP

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    Last year I had a partner of a large NYC advertising firm offer me $200 for a one word .com.

    He said that was their budget.

    I said you must have forgot to add 3 more zeros on your offer.
     
  16. hemirate

    hemirate Established Member

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    @.NJ so the question is, is that domain worth $200,000? Or perhaps you could have made a counteroffer
     
  17. .NJ

    .NJ Active Member VIP

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    I didnt even bother to counter.

    I told him I already have other offers in the mid 5 figure range.

    And yes the name is worth 6 figures to an enduser.
     
  18. NameAcquisitions

    NameAcquisitions Name Acquisitions/Sales ICA Member Business Account

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    That is the smart way to buy a domain if you are high profile. Can't really blame them.
     
  19. Muthunmk

    Muthunmk New Member

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    I have a same kind of story, I always don't hide my domains which is this, one person contact me directly and start bargain for the real estate domain, and we both agree for $1200. He make payment via escrow and it failed to secure payment.

    One day later he told his partner (company) not willing to pay that much, if you are OK we can offer you ₹420, I say I can't. And I did not check my email for 15days. Meanwhile he send 2 mails, first mail he was ready to offer $750 and a week later he mailed $1000 offer. Then we finish the deal for $1000. I feel I am lucky I didn't check $750 mail, if I saw I could agree for $750.
     
  20. wwwweb

    wwwweb Top Member VIP

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    Who doesn't check their email for 2 weeks?
     
  21. Muthunmk

    Muthunmk New Member

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    Its not my Primary mail id.
     
  22. xynames

    xynames Established Member

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    '

    I don't like to refer to specific sales on namepros in this sort of context, because it tends to invite posts from people who want to put in their unwanted two cents worth on whether the purchase price was high or low, and the buyer - who will probably buy from me again because we have thousands of top quality names, might read all that, and it's just not professional for me to put the buyer into the spotlight like that. They might play games, but I do not.

    Now, I've also had price requests at Afternic, which as you know are completely anonymous, and then after googling the domain name decided that whoever wants it must be a certain company or entity, and then placed a five figure price for the domain, a price that I think is worth it no matter who is buying because it is great name, and then received a full price payment and closed sale. Knowledge is power.
     
    Last edited: Oct 14, 2017 at 2:32 PM
  23. GoWebnames.com

    GoWebnames.com Truth alone triumphs VIP

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    I think I know them. I sold Club7.com to a poland buyer (P*wel C*miel, Sciegiennego 26, 22-600 Tomaszow Lubelski, Poland) in Jan this year.
    Now, the domain is developed and the whois shows a London address:
    Name: R*bert P*liwczak
    Organization: SOCIAL GAMES BUSINESS GROUP LTD
    Street: 71-75 SHELTON STREET COVENT GARDEN
    City: LONDON

    I wish I had known about this before :)
     
  24. ben pedri

    ben pedri Active Member VIP

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    [​IMG]
     
    Last edited: Oct 14, 2017 at 8:00 PM
  25. xynames

    xynames Established Member

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    Employee / tasked.
     

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