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alakara:

Copied from Twitter.

Afternic Experience Of July 2024.


It has been another wonderful last month with Afternic with plenty of sales pouring in especially in the second half of July.

Before I share the sales, I wanted to share a couple of things with everyone:

It was special to give an interview to Afternic, thanks to James Iles.
Once I reach 10,000 domains under my portfolio, I’ll stop sharing the monthly experience of Afternic. The main reason for sharing is always to educate fellow investors about what kind of domains I buy, sell and at what prices.
This doesn’t mean I’ll completely stop sharing the domain sales. I’ll definitely continue to share but only those which I find interesting and there is something to learn from.

Coming back to the sales for the last month:

Mayorov/com – Normally I buy U.S people’s names which are relatively easier to sell than others. This is a Russian surname and sold via BIN for $4,888. Hold time 5 years.

StarGourmet/com – Hold time around 5 years and sold it for $1,988 via BIN.

AvalancheServices/com – A two word brandable domain which can be used for any services related business. A nice deal for the buyer who got it for $2,988 via BIN.

AcRepairNearMe/com – Thanks to Logan Flatt for sharing his sales with the “Near Me” keyword. I studied his sales and point of view on why to buy such domains and why they sell it. That’s the beauty of our industry where such fellow investors like Logan and others share it openly.

This domain had a BIN of $4,888 but after going back and forth negotiations with the buyer, I ended up selling it for $4,000. Hold time less than a year.

PetsPrint/com or PetSprint/com (however you read it) – Another BIN sales for $2,988 and interesting thing about this domain is that one can use it for “Pets Print” or “Pet Sprint” and in this case, the buyer is using as Pet Sprint brand. Hold time 4 years.

LegacyGuild/com – Another $1,988 BIN sale and acquired it 2 years ago via GoDaddy closeouts.

Dogerie/com – This had a BIN of $1,988 but after negotiations, the broker was able to strike the deal for $1,750.

VodkaVodka/com – Another $1,988 BIN sale with the hold time of 4 years.

AmplifySuccess/com – Sold it for $2,988 with a holding period of around 1 year.

HelloHolidays/com – Last month I sold HelloGrowth/com for $9,888 and this month I sold HelloHolidays/com for $5,888. Holding time less than 100 days. Thanks to Umair brother for finding this gem and sharing it with me.

Dutts/com – This had a BIN of $3,988 and the buyer initially came via DomainAgents.com with an opening offer of $1,500 which I declined. I proposed with the BIN price which the buyer declined and came back with a revised offer of $2,000. I declined it again and the buyer presented $2,500 and then $3,000. I said to take it or leave it with $3,988 and the buyer pulled the trigger via GoDaddy search path and bought it at BIN price.

Kicks/CO – Like I always say, I love to invest in .CO domains. Whether it be 1 word or 3L. They do pretty well and I’ve a great STR in selling them at decent prices. This one was another BIN sale at $6,888 with holding time of around 6 years.

SunTravels/com – This had a long story where the buyer came in and vanished countless times before buying it for $20,000. This includes a lot of negotiations with the broker. This domain was priced at $29,888. Hold time around 6 years. I know that usually I provide a discount of 10%-15% but in rare cases, I do offer more than that depending on several factors.

Humanable/com – A great brandable domain which has already been in use right now. This domain sold for $9,888 via BIN. Hold time around 1 year.

TeachShare/com – This one had a BIN of $4,888 and I revised my floor price to $4,500 which the buyer accepted. This one hold time was around 4 years.

FamilyChat/com – Acquired privately for mid-high 3 figures and sold it for $8,000. This one had a BIN of $9,888. Hold time more than 3 years.

DynamicGraphics/com – This one had a longer hold time of 6 years and was acquired via SnapNames. Another $2,988 BIN sale.

There were a total of 17 sales and 3 of them sold for $1,988 each which is not usual. Normally there is a good chunk of $1,988 sales.

The number of inquiries for July 2024 just touched 1,600 which is more than the last few months. This was the second best month of this year in terms of number of leads after January. The total number of domains at the end of July 2024 were a touch over 9,800.

3 were partner registrar sales.
8 sales via GoDaddy search path.
6 sales via Afternic lander.

Total acquisition + holding costs (which includes transfers and renewals) was around $4,500 and the total amount of sales was $87,706.

I wanted to thank my Afternic rep Adam Ramsdell and the brokers who were involved in making the deals smoothly and professionally.

The above costs and sales amount may look out of the world for some investors but there is one important thing to keep in mind that I’ve invested in 7 figures (USD) for acquiring and holding those 9,800+ domains. Also just the renewal cost is over $100,000 annually. So there are a lot of expenses and money is invested. But overall, I’m in profit and happy with the progress.

I wish everyone a great month ahead and have a lot of sales. Feel free to share your sales and give your feedback on mine if you like to. It doesn’t matter how good or good the feedback is.
Copied.

hilaryCU:
If you are not the patience type, don't venture into domain. Can't imagine the number of emails, I have sent in past month's and none of my domains got sold. Sales drought is very real.

hilaryCU:
If you are not the patience type, don't venture into domain. Can't imagine the number of emails, I have sent in past month's and none of my domains got sold. Sales drought is very real.

hilaryCU:
If you are not the patience type, don't venture into domain. Can't imagine the number of emails, I have sent in past month's and none of my domains got sold. Sales drought is very real.

nkeona:
Please is there anyone here that has a geo domain that is almost expired and you want to drop it. I will appreciate if you can send to me let me try my luck. I'm very broke right now. Thank you
Sonnkeonadi@gmail.com is my email to reach out to.

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AboutMarty:

But how do one get end users for this "Near Me" Keywords?

imohimoh12:
Good morning all, i asked this question earlier but did not get a response, i need expert advise on this


I have intel of a roofer and plumbing guy who posted their newly registered business names on a forum, I checked it out and discovered that both have not registered a domain.

Would it be considered illegal to register such names and offer it for sale to them?

gentlekeny:


Use a VPn and create an email on mailDOTcom

nkeona:
Please is there anyone here that has a geo domain that is almost expired and you want to drop it. I will appreciate if you can send to me let me try my luck. I'm very broke right now. Thank you
Sonnkeonadi@gmail.com is my email to reach out to.

mahvie:

Hello.

nkeona:

Few days back I made this post here because I was broke (I was actually looking for who will gift me about to expire domain) and I received mails from few members here who actually wants me to outbound their domain. But one I feel I could work with was the domain from Mahvie which has 6days left before it expire.

He himself agreed to share the sale fund 50/50 I even asked him to quote me here and immediately went to work. While I was outbounding I never knew this dude Mahvie had changed back the price to 750 without informing me. Because it will expire in 6days I had told him earlier to reduce the price before I will start outbounding which he did.

While negotiating for the price of one of the domain this dude sent me a mail that he will be renewing his domain that I shouldn't outbound anymore. Anyone who has outbound for any geo domain will know how time consuming and exhausting it can be. But someone wants to play it as nothing and an apology will just be fine.

HIGHESTPOPORI:
What's really your point,I don't see anything wrong if he later changes his mind and wants to renew the name.

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nkeona:
And he feels he is in his right and because it is his domain he can do as he Pleases even after the agreement with me.

A lesson to everyone here most Nigerians don't keep to agreements.

Screenshot of offer I received today which he thinks is not possible.

HIGHESTPOPORI:
What's really your point,I don't see anything wrong if he later changes his mind and wants to renew the name.

mahvie:

Funny enough, I apologised to him. The only reason I renewed that particular domain is because of the offer I got last year from a buyer who ghosted. That's all.

nkeona:
So you knew you were going to renew and still allowed me to outbound. People shouldn't deal with you since you are fickle in decision making. After all you will just apologize when you change your mind.