$640,000 for Selling 3 of My Domains - Was It Pure Luck? Here Are a Few Of My Top Tips

77 replies
Ok at least I'd like to think it wasn't just pure luck. But I've been extremely fortunate to hit 3 jackpot domain sales over the past few years. I managed to sell 3 domains for a total of $640,000:

Domain 1 hand registered, paid $7 bucks: sold for $400,000
Domain 2 purchased for a few thousand dollars: sold for $125,000
Domain 3 purchased for $47,000: sold for $115,000

Here's my check for the $125K sale. Not that my tips below need validation...just thought some might want to see some proof :-)



I haven't signed an NDA for any of these domains, however, my personal agreement with the buyers was that I shouldn't reveal the selling price. Anyways, the point of this post is to give some tips and pointers that might help reeling in that "big fish" domain sale.

No matter what tips, strategies and secrets are used, one thing's for sure - If you don't have a solid domain, you won't be able to sell it. Period.

That said, if you have some decent domain names generally you'll get some interested parties from time to time. Here are some tips that may help you maximize your selling price when someone emails you first.

1) Whenever you receive an offer to sell your domain, try and reply back as soon as possible after you've done some necessary background research on the potential buyer.

What you should do is the following. Let's say your domain name is widget123.com and the person emailing you to buy your domain is Johnny Cash. Here are the exact steps I do (this step can take anywhere from 5 minutes to an hour):

a) Do separate searches in Google for "widget 123" and "widget123" and see what comes up. Sometimes you'll notice some other sites listed that are either the .net version or a combination of widget123 + another word ie. widget123.net, widget123pro.com, buywidget123.com,etc. I'll then quickly visit some of those top listed sites for that keyword search. Sometimes you can get a good idea if there is some buzz or increased demand around that keyword and hence, the reason for that person's offer to purchase.

b) Do separate searches in Google for "Johnny Cash" + "widget 123" and "Johnny Cash" + "widget123". This search will reveal if Johnny has some existing projects related to "widget 123" and if so you'll get an idea of how big his company is.

Note: The usage of quotes should be used as well when performing the searches in Google. It's very important to use quotes as it helps get the exact matches for each term/person you're search.

c) Do separate searches in Google for "Johnny Cash" + "domain name", "Johnny Cash" + "domains", "Johnny Cash" + "domainer". This may reveal other domain names Johnny owns and can also reveal if he's simply a domainer looking to buy your domain for cheap and flip it to an end-user (an actual company that has direct use of the domain in question)

d) Do separate searches for their email address in Google as well. So "johnnycash@email.com" + "widget123", "johnnycash@email.com" + "widget 123", "johnnycash@email.com" + "domain name", etc. The reason for this is because sometimes people don't use their real name when offering to buy your domains. You'll be surprised how much info you can gather by just searching someones email address.

From doing the following searches above you can get a good idea whether or not Johnny is established in the "widget 123" industry or whether he really is just starting out and might not have the cash for a big purchase.

So depending on what you find, your reply message will vary.


2) Next we reply back to Johnny and either give him a counter offer (if he previously sent in an offer in his initial email) or your price for widget123.com.

Make sure the email is short, concise and to the point. The main message conveyed should be that there might be some interest in selling despite your big plans for the domain. One thing I usually say is, "well our company has big plans to develop this domain into an authority/social networking/shopping site on Widget 123 but we may consider selling the domain for $xxxx". Don't use all 3 types of sites..those are just examples.

OR

if you're feeling like over achieving this is what I'd like to do - I will say something along the lines of: "well actually it's funny you emailed me because we're currently just finishing up the design of the website http://widget123.com/mockupdesign. We had big plans to develop widget123.com but we may consider selling it for $xxxx".

Ok so that might be a bit of a white lie right? Well, I won't try and defend it otherwise. If you're not comfortable saying that then don't. But if you are then the next step is for you to get a quick mockup done for the domain name or at least a nice looking logo you can slap on wordpress or another turnkey website cms or script. Basically you want to do this for a couple of reasons: One, to show the prospective buyer you already have invested some time/money in developing the site and two, to give them a "taste" of how great the site can possibly look.

Remember to do this strategy, the numbers need to work. If they offered you $50 bucks for widget123.com then it's a given that they won't pay anywhere near several hundred to a few thousand. So there's no point in using this strategy because the cost to get the site develop will easily top their budget for buying the domain.

But if their offer was several hundred to a few thousand dollars then the idea of developing a quick site will most likely pay off. It's very important to note that if you plan to say you're currently developing the site, you should actually have that logo or mockup done before emailing them your initial offer or counter offer.

The effectiveness of this strategy just isn't there if you just say you're having it developed. At least have something to show them and make sure it's professional looking. You can easily go to elance.com, scriptlance.com, odesk.com, etc. to get a quick mockup for the design of your site.

Another great option is to go to a design crowdsourcing site such as 99designs.com and have dozens of designers create mockups for you. (this is a bit more advanced, takes more time and money but for a domain you're looking to sell for at least 5 figures, it can pay off big time).

Ok so by now you've at least emailed them back with your counter offer telling them "we might have interest" in selling. I've had great success by using that exact wording because it makes it appear you're not totally dead-set on selling the domain. The wording is very important and you should try and always use "we" rather than "I". This is because a bigger company rather than a one person operation can and will usually demand more for a domain name.


3) So now you sit back and wait for their reply. Usually they counter with a much lower price. That's just how the game works. After receiving their reply what I usually do is wait a few days and let that offer bask in the back of my mind. Or you can continue to do more research or even continue to actually develop the domain into a nice looking site.

Then after a couple days or several I email them back with a counter offer. Of course if their price is something you're willing to sell for by all means sell it. But chances are they are expecting another counter offer so might as well give it to them and make more money too.

I would recommend going much higher than their counter at this point. For example, let's say Johnny initially offered you $1,000 for your widget123.com. Then you countered at $5,000 along with the message that your company is currently developing the site. Then they reply and counter offer at $1,500. Your next price should be $3,000 and $4,000 which is at least double what they are offering.

The counter offer should be something along the lines of "thanks for your offer, however, as mentioned we're already developing the site and have spent a considerable amount of time and money so far. If we continue to develop the site and start promoting it, I'm certain it will start getting traffic and start making money. At that time we may not be interested in selling. That said, we would seriously consider selling the domain plus all current website development right now for $4,000 or just the domain name for $3,000".

4) Now you just sit back and wait for their reply. Chances are most buyers will opt for the lower price without the existing designs and/or development work. But the fact that you offered them 2 prices will put them in a different mindset than if you simply countered with the single $3,000 offer.

Again you need to remember that this strategy will only work if the numbers work. In addition to the 3 big fish domain sales I had, I've made dozens of 5 figure domain name sales and can attribute this sole strategy for the high priced sales.

Also note this strategy involves being a "passive" domain name seller. This means you're not actively seeking out potential buyers. Seeking out potential buyers is a whole other ballgame with different strategies, tools, and techniques. I usually don't go that route, however, I have in the past and was able to successfully sell a few domains for 5 figures.

I guess we can leave that for my ebook and thousand dollar domain selling course ;-) Kiddin of course. But if there's interest I may write up another post or create a free report on that topic or elaborate further on the strategies above.

If you have any questions other than "What were the domains you sold?" I'd most likely be willing to answer them. Though I don't spend too much time on the warriorforum, I'm attempting to change that.


Cheers,
Mike
#$640 #domains #luck #pure #selling #tips #top
  • Profile picture of the author RARMediaGroup
    Great info OP. Everybody interested in flipping domains should take a few minutes to read above.
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  • Profile picture of the author Eko Ventures
    Indeed, this is excellent info!

    Now if I could only find those golden nugget domains .
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  • Profile picture of the author K_tir
    Wow, this is amazing mikesan!

    Thanks for this great info.
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  • Profile picture of the author CraigRC
    Excellent info Mike, many people exploring this sector of the industry because of how lucrative it can be.

    Great guide for anyone looking to minimize their risk and make maximum profits.
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  • Profile picture of the author candoit2
    Nice strategy and outline for dealing with big companies, etc. I have some hotel domains I will try this strategy with.

    Aaron
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    • Profile picture of the author Mike McAleer
      Originally Posted by AaronJones View Post

      Nice strategy and outline for dealing with big companies, etc. I have some hotel domains I will try this strategy with.

      Aaron
      Hotel domains are great ones to sell because there are always hungry buyers! Good luck
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      Invest in domains without the hard work !
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  • Profile picture of the author Just2me
    I almost thought that this was not possible.

    Well done!
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  • Profile picture of the author Bruce NewMedia
    Excellent information Mike!...out of curiosity, what year was the $400,000 domain bought for $7 and what year was it sold?
    _____
    Bruce
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  • Profile picture of the author aseper
    Holy cow! That's amazing. Thanks so much for sharing!
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  • Profile picture of the author mikesan
    @Bruce - Now that's a fair question ;-) If I remember correctly the domain was hand registered in '03 and sold a couple years later.

    I'd like to add that in the first email from the buyer his initial offer was $60K. But after implementing what I laid out above I got it up to $400K. There are a bit more things involved but for the most part I followed my tips above to boost the perceived value and hence the price of the domain.

    In today's economy domain selling obviously isn't as lucrative. However, it's still very possible to make a good living buying and selling hand registered domains. You just need to know how to find them and then once you've registered them, go out there and seek buyers.

    I believe there's a reputable domainer and warrior named Gene Pimentel who's got some pretty good strategies on doing this. Might want to a do a search for his stuff on the forum. Highly recommended.
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  • Profile picture of the author laurenswuyts
    Thank you so much for the tips.
    Will definitely use it
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  • Profile picture of the author PabloVTB
    Wow very good content mikesan. I never thought about entering that business really, seems so vague to really spot a domain an other person wants no matter what, considering the multiple alternatives available if you spin it up a little bit
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  • Profile picture of the author Derek Salfen
    I never think to much about site flipping, thanks for giving me something new to think about.
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  • Profile picture of the author Mike McAleer
    I would be interested to know what these names are but I understand if you don't want to disclose them...

    I agree that it is harder to get passive sales but if you have any type of common sense you can catch dropped domains and resell them or even hand register names and resell them for profits. The thing is that most good names now are taken so you will have to use something like dropday.com to find out which names are dropping so you can snag them and resell them..
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    Recent domain flips : $8->$1000 Social recruiting Software dot com $8->$2000 MobileSalesSoftware.com
    Invest in domains without the hard work !
    Email for details...Mike McAleer at me dot com

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  • Profile picture of the author mikesan
    @Mike Yea I don't really want to disclose the names publicly on the forum. But I can pm you 2 of them ;-)

    Thanks for the good tips. Dropday is an awesome site for domainers. Another site I've found to be a necessity is estibot.com - and no, definitely not for their automated appraisal system..lol. But they've got some pretty slick automated tools for seeking out potential buyers.
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    • Profile picture of the author ymest
      anyone knows of a good online course/book on domain flipping by the way?,

      Thanks
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    • Profile picture of the author Zeiffel
      Originally Posted by mikesan View Post

      @Mike Yea I don't really want to disclose the names publicly on the forum. But I can pm you 2 of them ;-)

      Thanks for the good tips. Dropday is an awesome site for domainers. Another site I've found to be a necessity is estibot.com - and no, definitely not for their automated appraisal system..lol. But they've got some pretty slick automated tools for seeking out potential buyers.
      Mike - Would love to know what the sites are.

      Can you also give us an idea how these were valuated. What were the traffic numbers like for them. Were they key word domains, geo-specific. What made them this valuable? Please quantify this a little. Would help if you could give some back ground on the acquisitions. I'm really curious to know the background on the 7$ hand reg.

      Thanks!!!
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  • Profile picture of the author BlondieWrites
    Wow, that's pretty impressive with only three domains. I've sold a few domains for over $1,000 each but never any with a price anywhere close to what yours sold for.

    Thanks for sharing your success story!


    Cindy
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    Working from home, work at home moms, make money online, internet marketing, PLR content
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  • Profile picture of the author Nick Sammut
    Originally Posted by mikesan View Post

    In regards to domain selling, I've been fortunate to hit 3 jackpot sales over the past few years. I managed to sell 3 domains for a total of $640,000:

    Domain 1 hand registered, paid $7 bucks: sold for $400,000
    Domain 2 purchased for a few thousand dollars: sold for $125,000
    Domain 3 purchased for $47,000: sold for $115,000

    Here's my check for the $125K sale. Not that my tips below need validation...just thought some might want to see some proof :-)



    I haven't signed an NDA for any of these domains, however, my personal agreement with the buyers was that I shouldn't reveal the selling price. Anyways, the point of this post is to give some tips and pointers that might help reeling in that "big fish" domain sale.

    No matter what tips, strategies and secrets are used, one thing's for sure - If you don't have a solid domain, you won't be able to sell it. Period.

    That said, if you have some decent domain names generally you'll get some interested parties from time to time. Here are some tips that may help you maximize your selling price when someone emails you first.

    1) Whenever you receive an offer to sell your domain, try and reply back as soon as possible after you've done some necessary background research on the potential buyer.

    What you should do is the following. Let's say your domain name is widget123.com and the person emailing you to buy your domain is Johnny Cash. Here are the exact steps I do (this step can take anywhere from 5 minutes to an hour):

    a) Do separate searches in Google for "widget 123" and "widget123" and see what comes up. Sometimes you'll notice some other sites listed that are either the .net version or a combination of widget123 + another word ie. widget123.net, widget123pro.com, buywidget123.com,etc. I'll then quickly visit some of those top listed sites for that keyword search. Sometimes you can get a good idea if there is some buzz or increased demand around that keyword and hence, the reason for that person's offer to purchase.

    b) Do separate searches in Google for "Johnny Cash" + "widget 123" and "Johnny Cash" + "widget123". This search will reveal if Johnny has some existing projects related to "widget 123" and if so you'll get an idea of how big his company is.

    Note: The usage of quotes should be used as well when performing the searches in Google. It's very important to use quotes as it helps get the exact matches for each term/person you're search.

    c) Do separate searches in Google for "Johnny Cash" + "domain name", "Johnny Cash" + "domains", "Johnny Cash" + "domainer". This may reveal other domain names Johnny owns and can also reveal if he's simply a domainer looking to buy your domain for cheap and flip it to an end-user (an actual company that has direct use of the domain in question)

    d) Do separate searches for their email address in Google as well. So "johnnycash@email.com" + "widget123", "johnnycash@email.com" + "widget 123", "johnnycash@email.com" + "domain name", etc. The reason for this is because sometimes people don't use their real name when offering to buy your domains. You'll be surprised how much info you can gather by just searching someones email address.

    From doing the following searches above you can get a good idea whether or not Johnny is established in the "widget 123" industry or whether he really is just starting out and might not have the cash for a big purchase.

    So depending on what you find, your reply message will vary.


    2) Next we reply back to Johnny and either give him a counter offer (if he previously sent in an offer in his initial email) or your price for widget123.com.

    Make sure the email is short, concise and to the point. The main message conveyed should be that there might be some interest in selling despite your big plans for the domain. One thing I usually say is, "well our company has big plans to develop this domain into an authority/social networking/shopping site on Widget 123 but we may consider selling the domain for ". Don't use all 3 types of sites..those are just examples.

    OR

    if you're feeling like over achieving this is what I'd like to do - I will say something along the lines of: "well actually it's funny you emailed me because we're currently just finishing up the design of the website http://widget123.com/mockupdesign. We had big plans to develop widget123.com but we may consider selling it for ".

    Ok so that might be a bit of a white lie right? Well, I won't try and defend it otherwise. If you're not comfortable saying that then don't. But if you are then the next step is for you to get a quick mockup done for the domain name or at least a nice looking logo you can slap on wordpress or another turnkey website cms or script. Basically you want to do this for a couple of reasons: One, to show the prospective buyer you already have invested some time/money in developing the site and two, to give them a "taste" of how great the site can possibly look.

    Remember to do this strategy, the numbers need to work. If they offered you $50 bucks for widget123.com then it's a given that they won't pay anywhere near several hundred to a few thousand. So there's no point in using this strategy because the cost to get the site develop will easily top their budget for buying the domain.

    But if their offer was several hundred to a few thousand dollars then the idea of developing a quick site will most likely pay off. It's very important to note that if you plan to say you're currently developing the site, you should actually have that logo or mockup done before emailing them your initial offer or counter offer.

    The effectiveness of this strategy just isn't there if you just say you're having it developed. At least have something to show them and make sure it's professional looking. You can easily go to elance.com, scriptlance.com, odesk.com, etc. to get a quick mockup for the design of your site.

    Another great option is to go to a design crowdsourcing site such as 99designs.com and have dozens of designers create mockups for you. (this is a bit more advanced, takes more time and money but for a domain you're looking to sell for at least 5 figures, it can pay off big time).

    Ok so by now you've at least emailed them back with your counter offer telling them "we might have interest" in selling. I've had great success by using that exact wording because it makes it appear you're not totally dead-set on selling the domain. The wording is very important and you should try and always use "we" rather than "I". This is because a bigger company rather than a one person operation can and will usually demand more for a domain name.


    3) So now you sit back and wait for their reply. Usually they counter with a much lower price. That's just how the game works. After receiving their reply what I usually do is wait a few days and let that offer bask in the back of my mind. Or you can continue to do more research or even continue to actually develop the domain into a nice looking site.

    Then after a couple days or several I email them back with a counter offer. Of course if their price is something you're willing to sell for by all means sell it. But chances are they are expecting another counter offer so might as well give it to them and make more money too.

    I would recommend going much higher than their counter at this point. For example, let's say Johnny initially offered you $1,000 for your widget123.com. Then you countered at $5,000 along with the message that your company is currently developing the site. Then they reply and counter offer at $1,500. Your next price should be $3,000 and $4,000 which is at least double what they are offering.

    The counter offer should be something along the lines of "thanks for your offer, however, as mentioned we're already developing the site and have spent a considerable amount of time and money so far. If we continue to develop the site and start promoting it, I'm certain it will start getting traffic and start making money. At that time we may not be interested in selling. That said, we would seriously consider selling the domain plus all current website development right now for $4,000 or just the domain name for $3,000".

    4) Now you just sit back and wait for their reply. Chances are most buyers will opt for the lower price without the existing designs and/or development work. But the fact that you offered them 2 prices will put them in a different mindset than if you simply countered with the single $3,000 offer.

    Again you need to remember that this strategy will only work if the numbers work. In addition to the 3 big fish domain sales I had, I've made dozens of 5 figure domain name sales and can attribute this sole strategy for the high priced sales.

    Also note this strategy involves being a "passive" domain name seller. This means you're not actively seeking out potential buyers. Seeking out potential buyers is a whole other ballgame with different strategies, tools, and techniques. I usually don't go that route, however, I have in the past and was able to successfully sell a few domains for 5 figures.

    I guess we can leave that for my ebook and thousand dollar domain selling course ;-) Kiddin of course. But if there's interest I may write up another post or create a free report on that topic or elaborate further on the strategies above.

    If you have any questions other than "What were the domains you sold?" I'd most likely be willing to answer them. Though I don't spend too much time on the warriorforum, I'm attempting to change that.


    Cheers,
    Mike
    top post, thanks for sharing, this is what Warrior is all about
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    • Profile picture of the author Fred1
      Thanks Mike!

      I WISH I HAD THIS INFO a few months ago!!

      I sold one of my domains for $900. I was contacted with an initial offer of $100 from Network Solutions domain selling service. I did a little searching to try & get a value, and countered with $900 & they immediately accepted.

      After their quick acceptance of my counter I wondered if the counter was too low. Sure enough I find out that the company that bought the domain is a very successful internet biz & the domain I sold them was the exact .com match to their biz name.

      I'm sure I could have gotten a lot more for that domain. Oh well, you live & you learn.
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  • Profile picture of the author mikesan
    @Fred - Yea, it happens. You gotta learn it one way or another. At least now you know what you can do for future inquiries.

    And if a company uses a broker like the one network solutions has, you can be certain that the company is not small nor is an individual person. They went out of their way to stay anonymous so there's a reason for that.

    So it goes both ways. My strategies might be sneaky to some but on the flipside of that domain buyers can be as well. Anyway, demand dictates the price for domains. If a company/person really wants the domain and they think they can achieve their desired ROI with the domain then it's up to you to try and get the maximum price they're willing to pay.

    Good luck with selling your domains in the future.
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  • Profile picture of the author greeneyeddame
    Great post, I have a few domains I might want to give up. Any advice on where to sell them?
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  • Profile picture of the author mikesan
    @greeneyeddame Well if you just want to give them up then chances are they might not be too special? :-). Don't get me wrong they may be good enough to sell but you're going to have to put in some work to find some potential buyers.

    The following is something you might want to try. Keep in mind it's an extremely simplified version (free method) of Seeking potential buyers strategy.

    Let's say your domain is domaintogiveup.com ;-) and "domain to give up" is an actual keyword phrase people search.

    1. Go to www.keywordspy.com and do a search for the keyword "domain to give up"
    2. Gather the list of websites advertising for that keyword and other keywords if you want a bigger list of potential buyers
    3. Run each of those domains through a whois tool or you can use WebSiteUrlGoesHere.com - Web Site Url Goes Here to get the contact email of the website owner
    4. Email them asking them if they'd be interested in your domain for sale because it's: 1) keyword rich and has the potential to get ranked in the search engines 2) You realize their business is related to "domain to give up" and they actively have a pay per click budget to advertise and get traffic for that specific domain. So why not own a domain name highly targeted to this keyword. 3) Aged and search engines prefer aged domains over new domains (of course you can only say this if it's really aged ie. 2+ years old)
    5. Wait for replies and then negotiate from there. While you wait, you can of course slap on a quick wordpress site with a cheap but professional looking logo for about $20 - $30 bucks.
    This is nothing new at all for most domainers and I know dozens of them use this basic strategy today. My first sale using this technique was several years ago and if I were to get serious about domaining this is the route I'd take to actively find my buyers.

    Hope that helps.
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    • Profile picture of the author Giani
      Originally Posted by mikesan View Post

      @greeneyeddame Well if you just want to give them up then chances are they might not be too special? :-). Don't get me wrong they may be good enough to sell but you're going to have to put in some work to find some potential buyers.

      The following is something you might want to try. Keep in mind it's an extremely simplified version (free method) of Seeking potential buyers strategy.

      Let's say your domain is domaintogiveup.com ;-) and "domain to give up" is an actual keyword phrase people search.

      1. Go to www.keywordspy.com and do a search for the keyword "domain to give up"
      2. Gather the list of websites advertising for that keyword and other keywords if you want a bigger list of potential buyers
      3. Run each of those domains through a whois tool or you can use WebSiteUrlGoesHere.com - Web Site Url Goes Here to get the contact email of the website owner
      4. Email them asking them if they'd be interested in your domain for sale because it's: 1) keyword rich and has the potential to get ranked in the search engines 2) You realize their business is related to "domain to give up" and they actively have a pay per click budget to advertise and get traffic for that specific domain. So why not own a domain name highly targeted to this keyword. 3) Aged and search engines prefer aged domains over new domains (of course you can only say this if it's really aged ie. 2+ years old)
      5. Wait for replies and then negotiate from there. While you wait, you can of course slap on a quick wordpress site with a cheap but professional looking logo for about $20 - $30 bucks.
      This is nothing new at all for most domainers and I know dozens of them use this basic strategy today. My first sale using this technique was several years ago and if I were to get serious about domaining this is the route I'd take to actively find my buyers.

      Hope that helps.
      Congrats and Thanks for the great method mentioned.

      Suppose I want to sell a domain. Do you think submitting it to auction sites like godaddy or sedo is good alternative? Is there any other site or method you recommend?
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  • Profile picture of the author aaronngoh
    Excellent information and it is a really mini course of domain flipping.

    I have brought more than 100 plus domains and some o then is going to expire next month.

    I also have a listing of domain in flippa that try to sell some of them away.

    If you were in my situation, what would you do?

    Just wonder if I can place it here for someone to buy it from me

    Any advice would be appreciated.
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  • Profile picture of the author Damz
    Good tips brother....congrats on your success... Domain flipping is like real estate..You only have to flip several quality domains to make a fortune..
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  • Profile picture of the author indiatext
    very thanks for sharing this brother. It is a great information that you have shared.
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  • Profile picture of the author Lou Diamond
    Hello,
    I think your next step is that you should go into domain brokering, I have a few doamin names that you can sell for me!
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    Something new soon.

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  • Profile picture of the author DubDubDubDot
    Just to inject some reality into this thread, these types of sales are extremely rare. The fact is, only a tiny percentage of overall domain sales go above even $50. You just don't hear about all of the $25 sales because they don't attract the same attention as "$640,000 for Selling 3 of My Domains" does. And the sales reporting sites won't report small sales because it makes the industry look weak.

    There is a pretty serious learning curve in domain reselling and you have to experience it first hand if you want to learn. Forums, WSOs, ebooks, etc... can teach you the very basics, but won't prevent you from burning through a lot of money since this isn't by any means a step A to step B to step C process. There is the individual human element of choosing good domains, and everyone thinks they have "premium" domains. Be prepared to spend a few thousand before you have a handle on what you are doing. And even then most will fail for one reason or another.

    This is actually one of the worse things you can get involved with if you don't know what you are doing.
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  • Profile picture of the author mllnsgrl
    Thanks Mike..

    I appreciate you sharing your amazing success

    I have a couple of questions, if you don't mind answering.

    Can you give me some tips on what it would take to sell a site in the $xx,xxx range? Is it the traffic really or the income that makes the value go up?

    How many pages do I really need on the site 50? or is it more like 20,000?

    What types/styles of sites do well (review, adsense, content, business, etc.)

    What domain names interest people the most? Keyword domains - 2 word, 3 word, etc. Any hints?

    Any input would be appreciated..

    Thanks so much..
    Liz
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  • Profile picture of the author smile
    wow! that is awesome man! a big congrats and thanks for the great info
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  • Profile picture of the author Anup Mahajan
    You've shared some great information here Mike. Thanks and congratulations on earning top dollars for your domain names.


    Cheers,
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  • Profile picture of the author greeneyeddame
    Wow, thank you for the detailed reply. Domaining isn't a part of my overall plan right now, but it is something I continue to come back to. I have picked up a few domains here and there, mostly just when I feel like I'm having a moment of brilliance. LOL. I don't own very many but they have become my new version of purses :p Most of them do have solid keywords but nothing exact match. Perhaps I will let them age a little and see where they go. I don't expect a huge payoff by any means but I would love to add domaining to my basket.
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  • Profile picture of the author mikesan
    @aaronngoh No offense but my advice to you is to stop buying domains before you're able to sell some first. I took a brief look at some you're selling and for one thing, those are C&D's (cease and desist letters) waiting to happen. Not worth the hassle and time imho. But if you have some other domains that are more on the generic side, then my advice would be to learn how to "slap on a site" asap. Learn your own process of getting a site up as quickly as possible and perfect that process.

    I believe I can get a full wordpress site complete with all the settings, decent design, and even some content (not entirely unique) in under 10 minutes. In any case, good luck with your domain selling ventures. If you have a burning desire to succeed I'm sure you will.

    @Lou Diamond Hey another '02 Warrior ;-) Hit me up on PM and let me know which names you're looking to unload. I don't broker domains but I have some contacts in the industry that may have some interest. I buy names from time to time..but I'll be the first to admit I've also got some golden nuggets on getting names cheap and under their value..lol.

    @DubDubDubDot I agree with you 100%. If you're a newbie, don't go into domaining. Not that other things related to IM or SEO is much easier but it does take a good amount of money and experience before you "get it". And even after money and time you still might not. Anyway, I was merely stating some tips that will definitely work for the lower end domain sales ie. $500 - $2,000 price range.
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  • Profile picture of the author mikesan
    @mllnsgrl I wish I can give you more concrete advice but that question is too broad. Every prospective buyer is different and has a different situation, budget, and use for every domain.

    All 3 domains that I refer to in this thread were making next to nothing in revenue! But the way I positioned them to the buyer made all the difference.

    If you're looking to sell a developed website that makes money that's another thing completely. But I'll try and answer your questions below:

    Can you give me some tips on what it would take to sell a site in the ,xxx range? Is it the traffic really or the income that makes the value go up?

    How many pages do I really need on the site 50? or is it more like 20,000?

    What types/styles of sites do well (review, adsense, content, business, etc.)

    What domain names interest people the most? Keyword domains - 2 word, 3 word, etc. Any hints?
    - Yes, of course traffic and income plays a huge part in being able to sell a site in the xx,xxxx range. Typically you'll hear the standard valuation formula to appraise a site's worth is 10 - 15x it's monthly profit. I guess you can say that's the Flippa standard.

    But when you get into higher end sites that make at least $50K/year you'd want to check out the more experience website broker services such as quietlightbrokerage.com. - Supposedly you can get up to 3x YEARLY earnings for an established site that makes at least 50K/year. Don't quote me on that though. Just check out their site for more info.

    - Number of pages for a site to be successful doesn't matter. I have a one page site that makes several hundred per month and some sites that have hundreds of pages that make alot less. So it really depends on the niche and the traffic among other less important factors.

    - All of those sites do well. All depends on the niche, traffic levels and conversion rates and/or ctr if using adsense.

    - All domains no matter 1, 2, 3 or more words. Again it's a general question but all those type of domains can sell depending on many other factors. Obviously 1 word domains are highly desired and nearly impossible to acquire unless you have deep pockets. One of the domains mentioned in this thread was a 3 word domain. So number of words isn't too much of a factor if the domain is an exact keyword domain with high search volume and high cpc rates.

    Hope that helps. I may be leaving the thread for some time (weekend). But I'll be sure to reply to any questions when I get back.
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  • Profile picture of the author Rhiannon Beckham
    Perfect timing to find this thread here, I've just bought a keyword match domain for something that's been going on in the media lately, the search trend has spiked hugely and is only going to get higher in the years to come.. I was going to build a site but then got to thinking that it might be more of a wise decision to sell the domains.
    I've got the .net, .com, .org and .info
    But.. this is something I've never done before. I'm almost wondering if getting a broker is the best thing to do.

    Any advices for moi?
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    **I don't always make it back to check on threads, so if you'd like me to elaborate feel free to PM me, I try to make sure to check my inbox regularly and am happy to help..

    I wouldn't have pulled a $9k week w/Teespring etc without the help of others, so it's time to pay it forward.
    I can make a little room in my life for that. ;)

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  • I domain flip myself and one tip i can tell everyone is never to really use flippa because it is for turn key sites or established websites and nothing else.
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    • Profile picture of the author paulie888
      Originally Posted by DanDasilva15YearOldIM View Post

      I domain flip myself and one tip i can tell everyone is never to really use flippa because it is for turn key sites or established websites and nothing else.
      Domain sales tend not to do very well on Flippa, which is a marketplace that focuses more on websites. I would highly suggest not wasting your money on listing your domain there, as chances are high it won't sell.
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  • Profile picture of the author imfusa
    Domain 1 hand registered, paid $7 bucks: sold for $400,000
    Too good to be true. I am sorry but i cannot believe you, despite the fact you have shown proof for the 125 k check.

    and regarding

    Domain 3 purchased for $47,000: sold for $115,000
    This is plausible, here you don't need any proof.
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    • Profile picture of the author XtremXpert
      Originally Posted by imfusa View Post

      Too good to be true. I am sorry but i cannot believe you, despite the fact you have shown proof for the 125 k check.
      Do you think he cares that somebody from the forum doesn't believe him?
      He already said he registered it in '03 and then sold it a couple of years later.
      What is so hard to believe?

      @mikesan: Great tips! I've been in the domain flipping market few years ago but never had a sale over $1k.
      Good luck and more like those!
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  • Profile picture of the author nerrutis
    Originally Posted by mikesan View Post

    Ok at least I'd like to think it wasn't just pure luck. But I've been extremely fortunate to hit 3 jackpot domain sales over the past few years. I managed to sell 3 domains for a total of $640,000:

    Domain 1 hand registered, paid $7 bucks: sold for $400,000
    Domain 2 purchased for a few thousand dollars: sold for $125,000
    Domain 3 purchased for $47,000: sold for $115,000

    Here's my check for the $125K sale. Not that my tips below need validation...just thought some might want to see some proof :-)



    I haven't signed an NDA for any of these domains, however, my personal agreement with the buyers was that I shouldn't reveal the selling price. Anyways, the point of this post is to give some tips and pointers that might help reeling in that "big fish" domain sale.

    No matter what tips, strategies and secrets are used, one thing's for sure - If you don't have a solid domain, you won't be able to sell it. Period.

    That said, if you have some decent domain names generally you'll get some interested parties from time to time. Here are some tips that may help you maximize your selling price when someone emails you first.

    1) Whenever you receive an offer to sell your domain, try and reply back as soon as possible after you've done some necessary background research on the potential buyer.

    What you should do is the following. Let's say your domain name is widget123.com and the person emailing you to buy your domain is Johnny Cash. Here are the exact steps I do (this step can take anywhere from 5 minutes to an hour):

    a) Do separate searches in Google for "widget 123" and "widget123" and see what comes up. Sometimes you'll notice some other sites listed that are either the .net version or a combination of widget123 + another word ie. widget123.net, widget123pro.com, buywidget123.com,etc. I'll then quickly visit some of those top listed sites for that keyword search. Sometimes you can get a good idea if there is some buzz or increased demand around that keyword and hence, the reason for that person's offer to purchase.

    b) Do separate searches in Google for "Johnny Cash" + "widget 123" and "Johnny Cash" + "widget123". This search will reveal if Johnny has some existing projects related to "widget 123" and if so you'll get an idea of how big his company is.

    Note: The usage of quotes should be used as well when performing the searches in Google. It's very important to use quotes as it helps get the exact matches for each term/person you're search.

    c) Do separate searches in Google for "Johnny Cash" + "domain name", "Johnny Cash" + "domains", "Johnny Cash" + "domainer". This may reveal other domain names Johnny owns and can also reveal if he's simply a domainer looking to buy your domain for cheap and flip it to an end-user (an actual company that has direct use of the domain in question)

    d) Do separate searches for their email address in Google as well. So "johnnycash@email.com" + "widget123", "johnnycash@email.com" + "widget 123", "johnnycash@email.com" + "domain name", etc. The reason for this is because sometimes people don't use their real name when offering to buy your domains. You'll be surprised how much info you can gather by just searching someones email address.

    From doing the following searches above you can get a good idea whether or not Johnny is established in the "widget 123" industry or whether he really is just starting out and might not have the cash for a big purchase.

    So depending on what you find, your reply message will vary.


    2) Next we reply back to Johnny and either give him a counter offer (if he previously sent in an offer in his initial email) or your price for widget123.com.

    Make sure the email is short, concise and to the point. The main message conveyed should be that there might be some interest in selling despite your big plans for the domain. One thing I usually say is, "well our company has big plans to develop this domain into an authority/social networking/shopping site on Widget 123 but we may consider selling the domain for ". Don't use all 3 types of sites..those are just examples.

    OR

    if you're feeling like over achieving this is what I'd like to do - I will say something along the lines of: "well actually it's funny you emailed me because we're currently just finishing up the design of the website http://widget123.com/mockupdesign. We had big plans to develop widget123.com but we may consider selling it for ".

    Ok so that might be a bit of a white lie right? Well, I won't try and defend it otherwise. If you're not comfortable saying that then don't. But if you are then the next step is for you to get a quick mockup done for the domain name or at least a nice looking logo you can slap on wordpress or another turnkey website cms or script. Basically you want to do this for a couple of reasons: One, to show the prospective buyer you already have invested some time/money in developing the site and two, to give them a "taste" of how great the site can possibly look.

    Remember to do this strategy, the numbers need to work. If they offered you $50 bucks for widget123.com then it's a given that they won't pay anywhere near several hundred to a few thousand. So there's no point in using this strategy because the cost to get the site develop will easily top their budget for buying the domain.

    But if their offer was several hundred to a few thousand dollars then the idea of developing a quick site will most likely pay off. It's very important to note that if you plan to say you're currently developing the site, you should actually have that logo or mockup done before emailing them your initial offer or counter offer.

    The effectiveness of this strategy just isn't there if you just say you're having it developed. At least have something to show them and make sure it's professional looking. You can easily go to elance.com, scriptlance.com, odesk.com, etc. to get a quick mockup for the design of your site.

    Another great option is to go to a design crowdsourcing site such as 99designs.com and have dozens of designers create mockups for you. (this is a bit more advanced, takes more time and money but for a domain you're looking to sell for at least 5 figures, it can pay off big time).

    Ok so by now you've at least emailed them back with your counter offer telling them "we might have interest" in selling. I've had great success by using that exact wording because it makes it appear you're not totally dead-set on selling the domain. The wording is very important and you should try and always use "we" rather than "I". This is because a bigger company rather than a one person operation can and will usually demand more for a domain name.


    3) So now you sit back and wait for their reply. Usually they counter with a much lower price. That's just how the game works. After receiving their reply what I usually do is wait a few days and let that offer bask in the back of my mind. Or you can continue to do more research or even continue to actually develop the domain into a nice looking site.

    Then after a couple days or several I email them back with a counter offer. Of course if their price is something you're willing to sell for by all means sell it. But chances are they are expecting another counter offer so might as well give it to them and make more money too.

    I would recommend going much higher than their counter at this point. For example, let's say Johnny initially offered you $1,000 for your widget123.com. Then you countered at $5,000 along with the message that your company is currently developing the site. Then they reply and counter offer at $1,500. Your next price should be $3,000 and $4,000 which is at least double what they are offering.

    The counter offer should be something along the lines of "thanks for your offer, however, as mentioned we're already developing the site and have spent a considerable amount of time and money so far. If we continue to develop the site and start promoting it, I'm certain it will start getting traffic and start making money. At that time we may not be interested in selling. That said, we would seriously consider selling the domain plus all current website development right now for $4,000 or just the domain name for $3,000".

    4) Now you just sit back and wait for their reply. Chances are most buyers will opt for the lower price without the existing designs and/or development work. But the fact that you offered them 2 prices will put them in a different mindset than if you simply countered with the single $3,000 offer.

    Again you need to remember that this strategy will only work if the numbers work. In addition to the 3 big fish domain sales I had, I've made dozens of 5 figure domain name sales and can attribute this sole strategy for the high priced sales.

    Also note this strategy involves being a "passive" domain name seller. This means you're not actively seeking out potential buyers. Seeking out potential buyers is a whole other ballgame with different strategies, tools, and techniques. I usually don't go that route, however, I have in the past and was able to successfully sell a few domains for 5 figures.

    I guess we can leave that for my ebook and thousand dollar domain selling course ;-) Kiddin of course. But if there's interest I may write up another post or create a free report on that topic or elaborate further on the strategies above.

    If you have any questions other than "What were the domains you sold?" I'd most likely be willing to answer them. Though I don't spend too much time on the warriorforum, I'm attempting to change that.


    Cheers,
    Mike
    Wander what was domain names, if you sold them for such a prices?
    Thanks
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  • Profile picture of the author GOLDMUSCLE
    Thanks for sharing this.
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  • Profile picture of the author Rydel23
    Great info. Now if only one of my domains would get an offer! ;-)

    Thanks!
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  • Profile picture of the author guynboston
    Too good to be true. I would like to know what the domains are too
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  • Profile picture of the author mikesan
    Yes, I have to admit it does sound too good to be true. And believe me, I had to pinch myself several times when I sealed the deal for the $400K sale ;-) I truly believe those days are over.

    HOWEVER, you can stretch the price negotiations to the max possible by just using the few tips I listed above.
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  • Profile picture of the author Mark Gubuan
    This is freakin' amazing. I know a couple of people that buy thousands of dollars of domains at a time. Crazy *******s LOL.
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  • Profile picture of the author jaiganeshv
    Hi Mike,

    Thanks a lot for the great piece of Info. Im a domain search addict, meaning i always search for names and i still see some good domains available. Im not simply talking with respect to their estibot valuation, they are really good. Im even getting dustdropped emails with quality names cheap.

    BUT my mindset now is "all quality and class domain names are already registered and are in sedo.com now" So im hesitating to register any of the new names now.

    Is my mindset correct?


    Thanks a lot
    Jai
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  • Profile picture of the author GeorgR.
    You sold the DOMAINS only? Was there a site on that $400k site, what PR did it have if you mind me asking?

    I recently got someone asking me for a site/domain of mine, but i didn't reply because no PR/traffic (yet).
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  • Profile picture of the author O0o0O
    That's a great strategy, mate. In your first post, you discourage going out and seeking buyers, but then a few posts down this thread you say to go out and seek buyers. Which one is it? Just want to be sure because if I don't go seek buyers, then there doesn't seem like there's any way they will find me.
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  • Profile picture of the author StonerJay
    Awesome tips and congrats on your success... domain selling can be extremely lucrative
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    • Profile picture of the author Mike McAleer
      Originally Posted by StonerJay View Post

      Awesome tips and congrats on your success... domain selling can be extremely lucrative
      It sure can be! I love doing it and it is my favorite thing to do online!
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      Recent domain flips : $8->$1000 Social recruiting Software dot com $8->$2000 MobileSalesSoftware.com
      Invest in domains without the hard work !
      Email for details...Mike McAleer at me dot com

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  • Profile picture of the author masterpeez4py
    great information. am also into site flipping and it is profitable.
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  • Profile picture of the author tonyaphx
    Thanks for the great info on flipping domains I am just getting into that and I am hoping to make some great money with it.
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  • Profile picture of the author daddykool
    A Vouch for M & A, prices are all fact and there is no reason why anyone would have to disbelieve mikes info, if you do think its BS, you are:

    1) A tiny bit jealous!
    2) Missed Google shares at $91 LOL
    3) Not a A35 owner!

    Good of you to post some incentive Mike, this still happens today and will continue to happen, until the web falls over and we all go back to using pen and paper

    With the right mindset, some REALLY hard work and no BS, you can make big $ on DN's
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  • Profile picture of the author Max Stryker
    which was the domain??
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  • Profile picture of the author vok
    People who don't believe that this is possible remind me of people who think it was impossible that you could of brought 5,000 shares of Apple stock in 1986 for $5 ($25,000 total) a pop and you could sell each share today for $330 for a pre-tax profit of $1.65 million.
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  • Profile picture of the author mikesan
    Thanks for all the comments. I guess I'd say the big SIMPLE takeaway from this post was this:

    Figure out quick and simple ways to increase the perceived value of your domains or websites if you're trying to maximize the selling price.

    You can do that by getting a cheap logo or turnkey site and putting it on your domain quickly and easily. (investment of $30 - $100+ in many cases)

    Also a big tip is to make sure you do RESEARCH on your prospective buyer. Many times you'll be surprised who wants to buy your domain or website.

    And finally, if you don't want to sit around waiting for buyers but rather be a proactive seller then you need to go out and target your prospective buyers. The basic concept is doing searches in Google and finding out who is spending money in your industry then shooting them emails to see if they're interested.

    NOTE: I don't recommend newbies going into the domain and website flipping industry. There are much easier things to get into to start making money online.
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    • Profile picture of the author Zeiffel
      Mike we were posting at the same time. Very interesting.. my experience has been that parking hasn't been so profitable. Again, I'm not a Frank Schilling.. appreciate the follow up.
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  • Profile picture of the author Zeiffel
    I believe he did it. The advice and methods he shared are top notch. Advice I wish I had when I needed it. I was offered 2K for my first domain a week after I spent $60 dollars on it. I tried to up the sell to 10K Because I wanted 6K. I really do feel the domain is worth every bit of that. The company has settled on running a million dollar freight forwarding business with a .us . This particular domain I acquired to run a business it's been reg'd since 1995ish... and I've now had it for almost 2 years. I could see IBM buying it for a logistics product they sell.

    That being said, I'm curious to know how his domains were valuated. Specifically the 7$ domain. Was it because of traffic or was it simply branding?

    Very impressed and very thankful for the advice from the initial post.
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  • Profile picture of the author mikesan
    @Zeiffel Thanks. It's funny how people sometimes just don't believe what WAS possible. I guess it's understandable. A $400K domain sale will be VERY rare these days because of the economy. That said, it's still possible to make thousands selling domains. You just need to work a little bit hard...as will anything in life you wish to succeed in.

    The $7 domain was registered in 2004 and sold literally the first day in 2006. Actually the escrow transaction was in progress from end of 2005 to beginning of 2006 so you can see it was just about 2 years of holding a domain.

    I got LUCKY with that one. I was offered 60K initially, out of the blue. I did research and found out the person interested sold a part of his business for over 10million dollars. A few month of negotiations and using some of my tips, we "settled" at $400K.

    So I can't stress enough how important it is to try and find out who your potential buyer is. It will make the difference between a good sale and a whale of a sale.

    PM me and I'll tell you the domain if you really want to know ;-)
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    • Profile picture of the author Zeiffel
      This is embarrassing.. I can't PM yet.

      Well, if its not too much effort maybe you can PM me 1st? Either way, I appreciate this thread immensely. INVALUABLE for a domainer.

      In the meantime I may work on WR member status..

      John
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      • Profile picture of the author Canuckystan
        The other side is being too greedy. I've offered what I considered decent money for sites only to have the owner come back with a counter at 10X my offer. I just registered the same domain with a small suffix for $7. Those domains continue to linger still unsold.
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        • Profile picture of the author Zeiffel
          Originally Posted by Canuckystan View Post

          The other side is being too greedy. I've offered what I considered decent money for sites only to have the owner come back with a counter at 10X my offer. I just registered the same domain with a small suffix for $7. Those domains continue to linger still unsold.
          I see what you're saying and there are some instances where you are correct about this.

          I personally held on to a domain that I really believe is worth 10K - 50K to the right person.

          It's a 2 word domain.. 10 characters long. It's very brand-able and relevant to it's industry ( logistics / freight-forwarding ). I had all the intention of building it out.. and close to 2K just wasn't enough to budge me from that vision.

          I do however agree with you that yes... there is lot of extreme evaluation. Maybe I'm way off myself.

          I do know that my domaining career was derailed because I didn't make the sell. I might have learned and churned. Instead the process frustrated me and I've sit on my portfolio.
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      • Profile picture of the author Ryan Sorensen
        Mike,

        Thanks for the thread. Honestly you shouldn't be kidding about creating a training course on this. You have some incredible experience that will translate into really helping people.

        I'd go as far as saying that if you know something can really help people then it's almost an obligation to share it with them - and you can make some money in the process. It's a win-win.

        But I just wanted to add some tips for those looking at buying domains. There are quite a few that can be hand picked now that you can build out and sell within a few months, or at least hold onto for a bigger sale years down the road.

        When looking for new domain always search first for the following criteria:
        • Shorter and easier to remember the better
        • .com first, .net second, .org third
        • Exact keyword match with buying intent is best

        There are obviously many exceptions to the rule but in general this is what sells now. Check out dnsaleprice.com and study recent sales.

        You also have to remember that domains are generally worth more to the buyer if it's been built up and has traffic associated with being indexed and backlinks.

        Also just to let people know, I just handpicked a domain at the end of january and sold it for $60 bucks on Flippa.

        I suggest everybody build up some quality domain real estate. It will only increase in value as it becomes more scarce and in demand. Think about it...
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        Sell your web-based business for the best price in the shortest amount of time through an experience broker. Reasonable rates, no upfront fees, and no risk to list at AcquisitionStation.com.
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    • Profile picture of the author Zeiffel
      @Mike..

      thanks for the PM. Very incredible and inspiring. I'm going to have to work on this being able to PM thing. I'm just new here... lurked for years and finally decided that I've had too many brushes with opportunity and success not to really start participating.

      Maybe I should use a real name just to build better relationships.

      Very inspiring.. do you domain full time?
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  • Profile picture of the author mikesan
    Too greedy? Why? Because you should give a multi million dollar company your domain for peanuts just because they feel they have a better use than you do? Lol. I don't agree of course.

    I don't really get what you are saying. You are talking from a buyer or seller's perspective? You offered an amount then they came back with a counter 10x (quite common imho) and then you went ahead and registered a similar domain? For what purpose?

    Very confusing post. But from what I gather you think maximizing the selling price for your domain is being too greedy. I suggest you definitely don't go into domaining. It's a fine art and greed really has nothing to do with the profession...just like any other honest business.
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    • Profile picture of the author Canuckystan
      Well 99% of buyers are not "multi-million dollar companies". And 99% of domains for sale are not worth hundreds of thousands or even tens of thousands.

      My point is that many owners have a highly inflated sense of the domain's value and it continues to sit unsold for months or years. If a domain name is actually worth $1000, waiting for $10,000 is hoping for a lottery win. Not good business.

      I registered a slightly different domain to develop the website, etc., not to flip. Why should a buyer pay $10,000 for x.com when x411.com is $7? That leaves $9993 for SEO. Just an example.
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  • Profile picture of the author mikesan
    @Canuckystan - Point well taken! I agree too many domain owners have inflated prices of their domains...some to the point of being straight up crazy.

    Like I said, domaining is a fine art and takes months and even years to learn the craft. Pricing your domains extremely high and trying to gamble on getting the big sale will ultimately be a hard lesson learned.

    It takes many more mistakes than failures to learn this game. That's why this game costs money and isn't recommended for the newbie.

    Register good names, price them reasonably, and you won't end up sitting on unsold domains. Or simply up your game and don't let them just sit. Develop them.
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  • Profile picture of the author stellarbizop
    This is a whole new level of making money thru domain buying and selling. I know a guy from Canada who's making a killing with this kind of business. A truly domaineer.
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  • Profile picture of the author mikesan
    @Zeiffel - Well it all depends. I've lurked in forums for years. That's when I was building my business up and felt like I didn't have much to contribute. Things have changed and after working thousands of full time days online and hundreds of all nighters I now feel like it's time to network.

    So it really depends on where you are with your business and your personal goals. I will say this though. Watch out who you reveal your money makers to. I can't stress this enough. There are many people out there just looking for the right niche to copy and exploit. That's the nature of doing business online.

    So just be careful with what you want people to know about your business. That could have a profound effect on your income.

    I have quick example. I remember going to John Reese's workshop several years back and mentioning (or some might say bragging ;P how much one of my websites was making. Then I find out a few weeks later that some of these people tried to copy what I was doing. I can't blame them though. It was my mistake for revealing what I was doing.

    Anyways, it goes both ways too in domaining. If you're looking to buy a domain, try and hide your true identity until you've agreed upon a price. Of course that really only applies if you've got deep pockets and people know that.

    And to answer your question..no I don't do domaining full time. I enjoy investing in domains so it's more of a side thing.
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    • Profile picture of the author Zeiffel
      Well, I'm hoping to follow your success! Haha.. I'll be sure to PM you some information when I'm able to do so.

      John
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  • Profile picture of the author carter3
    @Mikesan
    This is one of the best Domain selling strategy i have ever seen, and this process should be put in an ebook form for some newbies in Virtual Real estate. I have heard so much on domain/website selling but my question is that where can one sell a domain name if one decide to start it as an online business and make much profit????
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  • Profile picture of the author matrixneo
    thanks for sharing this great tips...
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  • Profile picture of the author DanielleLynnCopy
    Thank you for sharing Mike!

    I'm not currently into website flipping, but with figures like that, it's certainly something to look into

    Daniele
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