Here is my domaining story - Ask me your questions.

[NetworkPearl]

Hi,

I've been having a great success in domaining ever since I started, already made 6 figs profit this year and had been doing great previously as well.

My domaining journey started about 4 years ago when I was 16-17 years old. I have had a great knack for everything related to technology etc, been playing games and using computers since I was 2 years old. I'm also lucky enough to belong to a well previliged family, studying in one of the best schools and colleges in my country.

Anyways, let's start off with my domaining story. I have been more into flipping ever since I began. The first domain that I sold was HoustonSwimSchool.com, bought for $10, sold for $320. I've sold many many geo domains since then and owing to this, I moved on forward with bigger domains. Domaining.com, DomainSherpa.com, Namepros.com and other domaining related websties were my daily dose of information and they helped me quite alot. I remember waiting eagerly for every DomainSherpa.com interview.

Some of the domains that I sold:

4 and 5 figs sales (sold every domain for profit except for 1 as I recall ):

few sales include(all of them are flips except for 1 or two):

Smaller.com - sold for $11k, bought for $2.5k , quick flip within a month
Gali.com - sold for $25k, bought for very low 4 figs , quick flip within a few days
Grew.com - sold for $11k, brokered it for original owner, quick flip within a few days
Write.com (sold recently) - sold for $190k, rest details private
xOnline.com - sold for $5.5k, bought for $500 , quick flip within a week
Studio55.com - sold for $2k, bought for mid 3 figs , inbound offer
VisualLabs.com sold for $2.5k, bought for mid 3 figs , flipped to reseller
LaptopParts.com sold for around $3k, bought for mid 3 figs , flipped to reseller
ProServices.com- sold for $2.5k, bought for $1700 figs , sold to reseller (flip)
TotalBody.com sold for $4.1k, bought for $3850 , negotiated after GD auction
Soez.com - sold for $2.5k, bought for $1000 , negotiated after GD auction
Proe.com- sold for MID 4 FIGS, bought for LOW 4 FIGS , Namejet auction
Cacc.com - sold for MID 4 FIGS, bought for LOW 4 FIGS , Namejet auction ( same as above)
Focl.com -sold for $900, bought for mid 3 figs , sold to reseller (flip)
AiPod -sold for $1k, bought for $69 , sold through inbound offer.


I have also made profit in geo domains usually sold 3/5 that I bought for low- high 2 figs and sold them for $200-$500.

And guys I DO NOT OWN A PORTFOLIO. I have been more of a flipper but now I'm thinking to build a portfolio since I have enough funds. You can make a living just through flipping domains.

And yes, I would love to answer any questions.

 

[NetworkPearl]

I totally agree! Very good done really, you can invest now the $190k for whatever you want, for domaining or for anything else.

yes, I'm going to diversify my money now.

 

[fitkhan]

Congratulations. Thanks for sharing your domaining story. Some very good acquisitions and sales. You did a great job. I wish you all the best.

 

[nhauctions]

You seem to have sold most domains very quickly. How did you manage to find buyers so quickly when the previous owner obviously couldn't?

Some you auctioned, so for those did you just realize that you could get more at auction than the current owner wanted for it? How did you get traffic to your auctions?

 

[NetworkPearl]

@NetworkPearl could you please share email template you used to approach seller? . Do you offer buy price on first mail itself?

Don’t have an email template. I just ask if the domain is for sale and give my number.

 

[Kai W.]

What tools do you use to make purchase decisions?

 

[NetworkPearl]

Did you do outbound or relied on inbound? If outbound, how did you do so?

I never relied on inbound except for 2 domains and all of them have been sold through flipping to other investors or on auction etc. Write.com was sold to another investor through outbound. He was the one of the 3 people I contacted.

Other than that 95% of my geo domains have been sold through outbound.

 

[premkumar]

@NetworkPearl Congrats.
You said you buy 80% domain through private deals. Could you give insight
1. Do you buy from other domainer or from domain owner who didn't used the domain?
2. How you first identify a domain, what criteria you use and any sites you use like Sedo listing etc to find the domain
3. And how you approach the seller
4. Just give a example of a domain how to found that domain, why you choose to buy it and way you Sold it

 

[NetworkPearl]

I have not used their service, but they do state 18 is minimum age to use Payoneer Clearly it does not matter now, but just statin for reference of others. Thanks for answer. I simply asked because some others who tried to start in domains in HS encountered issues with some registrars and certain marketplaces.

Oh yes I see, I was actually using my Uncle's payoneer account initially since he has some online businesses and then I did create a payoneer account ( I must have been 18 then).

 

[NetworkPearl]

great info
write com is worth min 1M

Yes probably, but I was thinking around $500k. Write has other variations such as writing, writer etc.

 

[NetworkPearl]

How do you go about closing private deals and buys considering I believe you're based in Pakistan and we've been recently removed on Escrow.com and do not have the luxury of Paypal either?

Yes but this is a recent change. I have used Sedo escrow for tansactions after the transition but for write.com I used escrow and payment was sent to my other bank which is overseas.

 

[4better]

This is inspiring. I always like to read something that is filled with positive energy. Positive thoughts, positive emotions, and positive actions ultimately bring positive results. Congrats and thanks for sharing your domaining voyage.

 

[NetworkPearl]

I did it and no one replied. also considered spam because too many send the same email. so we just gambling. hoping to find a potential buyer, and most likely he is not interested in buying it.

pm me the domain. just send 20-30 highly targetted emails.

 

[lock]

Write would have been tough decision sets you up a long time but room for more.

 

[infosec3]

Congratulations on your acquisitions and sales. Thanks for sharing.

 

[nononsense123]

Did you do outbound or relied on inbound? If outbound, how did you do so?

 

[Avijit Roy]

Terrific story man.

Thanks for sharing.

 

[NetworkPearl]

Do you focus on acquisitions or hand regs?
Thanks for sharing.

Never handregged a domain apart from a few geo domains and a name for my company.

 

[NetworkPearl]

@NetworkPearl Congrats.
You said you buy 80% domain through private deals. Could you give insight
1. Do you buy from other domainer or from domain owner who didn't used the domain?
2. How you first identify a domain, what criteria you use and any sites you use like Sedo listing etc to find the domain
3. And how you approach the seller
4. Just give a example of a domain how to found that domain, why you choose to buy it and way you Sold it

1: I can’t recall buying a domain directly from another domainer so I don’t think so.
2: really hard to answer that, you have to come up with your own methods
3: by email/phone
4:Given above example of xOnline

 

[WatchDogue]

Congrats on your sales!

Congrats on your buying and selling strategies!

Thanks for your openness and willingness to share your success story!

Great accomplishments!

 

[NetworkPearl]

Congratulations on so much success and with a different business model of essentially concentrating only on quick flips (with somewhat more limited ROI ratios per domain, perhaps) rather than the traditional model of a portfolio most of which will not sell in any given year. I see considerable merits in your approach, and you have proven it works for you!

Did you encounter any problems at start that they would not let you do transactions below legal contract age? Or maybe that age is different where you live.

i really like many of the great names you have handled, especially smaller, grew and write.

Thanks for telling us about it @NetworkPearl!

Bob

I have a payoneer account which I have been using for 4 years so that is what i used in the beginning (still use it) for 3 fig transacations. That's the best option if you have payment issues.

For 4 figs or higher, I use my bank account in my country and all transactions are through escrow.com or sedo escrow.

 

[Sutruk]

I mention the phone number just in case, the email looks a bit more realistic. Every domain that I bought was through email contact. It’s also better to mention their company for instance if I want to purchase the domain xyz.con which is owned by a company called xyz Limited this would be the template I would use:

Hi [name of seller],

This is [name], I’m interested in purchasing the domain name xyz.com which is owned by your company, xyz Limited.

Is the domain for sale?

Regards,
[your name]
[phone number]

Thank you for the template, it's really a perfect one.

Short, serious, and with all the data the owner needs to know.

And your domain strategy is clearly successful!

Thanks for sharing, it's really appreciated.

 

[Samer]

Sure this happens many times with everyone, some good ones stay longer in our basket while the buyer selects which we didn't expect, so I can relate to it. Anyways, Congrats on your sale!

And some stay on the market, forever...

$190k is life-changing money.

All due respect, think, he’d be a fool to reject,
unless you already have the money, and re set

Samer

 

[NetworkPearl]

And some stay on the market, forever...

$190k is life-changing money.

All due respect, think, he’d be a fool to reject,
unless you already have the money, and re set

Samer

Yes Write.com is a type of domain that you’d be more inclined in holding until you get a good offer of say high 6 figs but since I didn’t have a portfolio of many other good domains it just didn’t make sense to me to just sit on one domain even though I don’t really have any funding issues but still I invested a lot on the domain ( around $85k).

 

[nononsense123]

What's your take on the new extensions?
And what changes have occurred in domaining now compared to the time you began?
Thanks

 

[kandyan]

Congrats.. and Thanks for sharing.