Namepros member Joseph Ca knocked one out of the park. Selling a two year old hand reg for $25,000.
He explains:
The domain was dropped in 2019 and I had it registered within hours.
Was contacted by a Godaddy broker.
I did a little research and found that the .tech and .org version was recently registered by MarkMonitor on behalf of Amazon
I offered the domain for $75k
Buyer offered $15k
A little back and forth…
We agreed on $25,000
Transaction completed.
The buyer turned out to be Amazon. They also registered the .org in April and someone else registered the .co on May 1. Congrats to Joseph.
Congratulations on getting 25k, but Amazon thought that you would be desperate enough to take 15k and in the end got a 50k reduction.
I’m so wow to have my sell featured on TheDomains, thank you very much, I’ve always enjoyed and learnt a lot from your posts. Yes I’m happy and grateful for the sale of AutonomousRetail(.com) I also own AutonomousRetail.co
Congrats!
Nice sale Joseph.
Then again, Rick Schwartz would have gotten at least $250,000 for it.
250k is like a dollar to Amazon; if that.
I commented about this on Twitter. He made a great sale. But he also made a fatal mistake. If he did it the right way he would’ve sold it for $50,000 instead of $25,000.
You never make a counter offer until their offer is 50% of the domain name asking price.
So in this case the asking price was $75,000. There should have been no counter offer until they reached a minimum of $37,500.
From there it would’ve been an easy climb to $50,000.
Domainers are the most generous people in the world. Amazon really needed that extra discount.
And then of course they will say we didn’t know it was Amazon. Well my friends you have to believe every inquiry is from Amazon or from Apple or from Tesla or from the biggest companies on earth.
Play the game the right way you’ll make a lot of money. Just showing how this sale could’ve easily been $50,000 instead of $25,000 with proper understanding of the market and negotiating skills. Your money!
bullseye!
Sunday hr AutonomousWholesale.com thing is 2 days ago it said it was regged tried with 3 registers ,someone offered me 200 bucks an hour after I bought ?………..what’s going on here
Congrats.
I like what Rick says about waiting until 50% of asking price is reached before making a counter offer.
I’m sure for the seller, the $25K was a number he couldn’t risk rejecting due to his own specific financial position.
Rick has much more leverage than the average domain speculator, so I understand his thinking on this sale.