Econowire

Sold Exact.org for $2500 (My first ever sale)

Discussion in 'Domain Name Sales' started by fitkhan, Dec 30, 2016.

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  1. fitkhan

    fitkhan Established Member

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    Hope you guys are doing great. Today I got the payment in my bank account and it's a very happy day for me. Here are the details

    Domain name: Exact.org
    Sale venue: Outbound
    Seller: Me
    Asking price: $6000
    Sale price: $2500
    Purchase price: $261 on NameJet (March 2016)

    It was my 2nd ever purchase (The first one was a .net domain). Most of the people told me to stick with .com. However I decided to go for 1 strong dictionary word .net and 1 strong dictionary word .org (got the inspiration from one of @Zandibot blogposts).
    For the first few months I didn't get any inquiry on Exact.org so In October 2016 I started outbound and emailed dozens of potential end users. I was not sending emails to their general email addresses i.e info@ or contact@ etc but researched and contacted the right person in the company. The hard work paid off and got the reply from one big company and we finalized the deal on $2500. I could have squeezed more money but did some blunders in the negotiations. Thanks to @AbdulBasit.com and @indiegrind for their support throughout the sale process. I thank all the namepros community as well. If there was no namepros i don't think i would have been in this domaining business at all.
    The reason for creating this new thread is to encourage our new fellow domainers because in past the sales posts/threads were inspiration for me and I used to think that may be one day i will be able to sell my domain on a good price and that will be start of it. So here is that day....
    All the best.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Sophie12

    Sophie12 Account Auto-Closed

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  3. goffee

    goffee Established Member

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    Congrats on your sale..Keep Moving..:)
     
  4. fitkhan

    fitkhan Established Member

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    Thanks so much :)
     
  5. Bros

    Bros Business Member Business Account VIP

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    Nice, great sale sale especially for an .org. Congrats!
     
  6. skyz21

    skyz21 MediaWho.com Business Account VIP

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  7. fitkhan

    fitkhan Established Member

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    Thanks.. Yes they are slow selling but I managed to sell it somehow.. :)

    Thanks a lot :)
     
  8. tldboss

    tldboss Supportive Member NamePros Supporter

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    Congrats, nicely done, hard work pays off, appreciate the good news it encourages some of us to keep pushing, hope you sell more in the future
     
  9. deez007

    deez007 Emancipate Yourself From Mental Slavery VIP

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    Hey @fitkhan

    Well done dude, really well done for a first sale! Even though you mentioned you made some blunders with the negotiations, you still managed to come out with great return on investment

    All the best for the year ahead mate
     
  10. TDM

    TDM Established Member

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    Congrats!

    You made yourself a nice x-mas / happy new year present! Glad the hard work on your outbound activity paid off! :)
     
  11. Venkatesh Jadhav

    Venkatesh Jadhav Established Member

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    Congrats Your new year is about to start with a bang
     
  12. fitkhan

    fitkhan Established Member

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    Thanks.. That's the reason i opened this new thread. Hope you do a lot better than me in future.....

    Thanks .... Yes I made some blunders but learned a lot from it.... The biggest mistake was over excitement and at one stage I almost ruined everything..... Hope I won't repeat the same mistakes again.... All the best :)

    Yeah... Thanks... :) I have decided to invest all the money in domains ....

    Indeed..... First sale in almost 9 months.... So you are right.. :)
    Hope you do the same.....
     
  13. fitkhan

    fitkhan Established Member

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    One thing i forgot to mention is that the whole transfer procedure took place at Escrow.com and the buyer paid all the fee... Buyer decided to use Escrow.com Concierge service.
     
  14. 4better

    4better Established Domainer VIP

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    Congrats! You've just proven that you can also make a lot of money not only in .com but from other gtld as well. More success to come.
     
  15. wwwweb

    wwwweb Top Member VIP

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    Was the buyer a larger type organization, or more small business type?

    First person who comes to mind is the .com owner
     
    Last edited: Dec 30, 2016
  16. Skyvisum

    Skyvisum Active Member VIP

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    Good sale .Strong dictionary .org always a good deal.There is always an enduser in my honest opinion for a good .org.Good you kept all the profit and completed sale through escrow and not give 20% to anyoneB-).
     
  17. MoneyLeadz

    MoneyLeadz Established Member

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    congrats bro ..A good move for domain sales for beginners .
     
  18. Toptrade

    Toptrade Established Member

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  19. Insha010

    Insha010 Active Member VIP

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    Great! What kind of companies did you email?
     
  20. Cdomains

    Cdomains Active Member VIP

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  21. alcy

    alcy Active Member VIP

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    hmmm.. escrow.com ads up to about 20% in fees if seller pays it ;)

    so its not that he did't pay fees to anyone cause he used escrow.com, he didn't pay them cause buyer paid for him :)
     
  22. Only1903

    Only1903 Business Member Business Account

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  23. Insha010

    Insha010 Active Member VIP

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    Escrow fees aren't 20%
     
  24. ET76

    ET76 Established Member

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  25. kandyan

    kandyan Established Member

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    Congrats.. Keep moving..
     

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