You would never guess what this domain sold for!

24 replies
Recently I sold slonet. net for $950

It was due to expire in Dec 2008 and I had no intention of renewing it. Then out of the blue, I was approached by a domain broker. He asked me what I wanted for that domain. My initial thought was just $50 but then I asked him to make a suggestion instead. He then just suggested $950 and I took his offer immediately.

I was completely lost as to why that domain was worth that much. It is only after that the domain had been transferred that I knew the reason. Let's say a domain such as uknet.net or usanet.net would be worth some money. It turns out that slo stands for Slovenia! Now it seems that the price I sold it for may have been rather low!

The moral of the story is that think carefully before you let your domains expire. There just may be something in that domain that is not apparent to you! Also if you want to buy a domain, approach the owner directly and not through a broker. Or else you may end up paying much more for it!

-Derek
#domain #guess #sold
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    • Profile picture of the author Mark Brock
      Congrats indeed!

      I sure hope someone comes to me with an offer for some of my websites when they are about to expire! I know for sure that I'm not going to use a few of them!

      Spend your money wisely (you know what I mean... on Gadgets and Junk!!!)

      Mark
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    • Profile picture of the author Kay King
      it seems that the price I sold it for may have been rather low!
      Sounds to me like you scored well on a domain that was useless to you. Better to celebrate an unexpected windfall than to worry about what you might have earned had you thought of it:rolleyes:

      Found money right before Christmas - whhhhoooooeeeeee!

      kay
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      Remember all those times when you wished the weekend would last forever? Well, wish granted. Happy now?
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  • Profile picture of the author Tim Dixon
    Yep, I wouldn't worry about what you 'might' of sold it for if you had known of the Slovenia connection.

    I prefer to take a known decent profit margin rather than hold out for something more and end up with nothing.

    Basically as long as you're happy with what you got for it, then that's all that matters.

    Well done.
    Tim
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  • Profile picture of the author derekwong28
    I don't think I am worried in the least, profit margins don't even count in this case as I was about to discard it anyway. Since this is basically a "free gift", I have already used the money to buy a UMPC!

    Kohjinsha SX: Netbook in integrated DVD drive shocker - Crave at CNET UK

    However I note that a lot of the domains that I let expire are snapped up by another person quickly. Makes me wonder what I might have dumped by mistake.

    Derek
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    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author Chris Lockwood
    That's a great story. What did "slonet" mean to you when you originally chose that name?
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  • Profile picture of the author Charann Miller
    That's fantastic, talk about a nice Christmas bonus. Congrats to you.
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  • Profile picture of the author Gene Pimentel
    Nice sale! Some of my best domain sales have come "out of the blue". My advice is to ALWAYS let them mention price first. You never know who you're dealing with or how badly they want the domain. Serious buyers will make a great offer right off the bat.
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  • Profile picture of the author DomainLoco
    First post is a praise of congratulations. I have had some strange domains that mean nothing to me but hold huge value to a client and they usually offer such quantities. It's strange to see tho, very rare occurrence
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  • Profile picture of the author John34
    Congrats man,i wish someone can contact me also.
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    • Profile picture of the author AndyCamden
      You could have never known at the time that they were going to turn it around. Be very grateful that you got $950 for that puppy. Go buy yourself or family something nice of X-mas. Congrats!
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      • Profile picture of the author axeray
        Great stuff.

        I have a truck load I'd love to lay off for $950
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  • Profile picture of the author John M Kane
    Wow that Kohjinsha looks NICE!
    Quit making the Bag man jealous!
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  • Profile picture of the author JLP
    Great story Derek! I rarely let domains expire. Just renewed a bunch I have no idea what I'll do with. But for the low price to renew...why not? Once it's gone, it's gone.
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  • Profile picture of the author jazzyjeff
    Derek,

    That's a great deal. You had a golden nugget the entire time. What was your original plan when you had slonet.net?

    Man, I don't think I would be able to think clearly if someone offered me way higher than what I was expecting.

    Jeff
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    • Profile picture of the author derekwong28
      The whole amount of $950 had been paid into my PayPal account, so the buyer must have paid over $1000 to cover domain brokerage and escrow charges. I am still quite amazed by the whole episode. I thought it was a hoax when I was first approched, but then I realized that it was from a Sedo broker. I was still quite skeptical until right at the very end when the domain had been transferred and I had been paid.

      The domain itself was a dropped domain that I had picked up from an expired domain list. I like using expired domains because they are always quickly indexed. In that case, I used an Xpro Mania site built by either Kay King or Big Mike on laser eye surgery. It was never my intention to resell the domain.

      I often find that many people let their domains expire without realizing how valuable it was. This is especially true for domains used by governments or non-profit organizations. For example, the US Department of Commerce let buyusa.com expire and it was subsequantly sold for $30,000!


      Derek
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      Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author heidigroleau
    Sounds like a great deal with your sale! Its the totally unexpected domains that tend to sell for the highest prices, so well done! Its always best to let the buyer mention price first so you can always gauge their level of interest at first. I think that serious and interested buyers always make a great offer first off! Well done!
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    • Profile picture of the author Jeremy Kelsall
      Heidi,

      Not that anything is wrong with posting replies....

      But, why are you digging up threads from 3 months ago to reply to? This is the second post I've seen you do that to tonight...
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      • Profile picture of the author NewbiesDiary
        Originally Posted by Jeremy Kelsall View Post

        Heidi,

        Not that anything is wrong with posting replies....

        But, why are you digging up threads from 3 months ago to reply to? This is the second post I've seen you do that to tonight...
        haha - Jeremy check out here post - one every five minutes and a great deal of them are old posts - not really the way to increase your post count Heidi!
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  • Profile picture of the author bizcorp
    Sounds like you could have bumped the price up a bit higher . But you should be happy with $950 for a domain! Good deal if you ask me.
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  • So Derek, did the domain have anything else going for it other than the short Slovenian reference ie any backlinks or age? I'm trying to think why someone would pay $950 for say - ausnet.net for example.

    Maybe there's just a bull market for names in that country at present?
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  • Profile picture of the author guanxk
    OMG! I also had some domains that I have no use too....
    But how do I exactly sel them or made know that it is for sale!?!?
    Hope to make some money form this too. =)
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  • Profile picture of the author SDG-Nick
    Congratulations on a great sale
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    *** I earnt $479,000+ Online from 2009-2010 with ONE Web Site! ***
    Read my Personal Internet Marketing Story and see how i did it!
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