Well, it looks like after Michael Berkens posted an article about the auction of Nightlife.net at BargainDomains/Cax the seller has cancelled the auction! Michael’s article pointed out that the domain, which met it’s $2,000 reserve in the last 24 hours, may sell for just 10% of what it sold for in 2008 ($20,000).
Francois was quick to comment that the seller has been banned and once again reiterated his zero tolerance policy when it comes to deadbeat buyers and sellers – good for you Francois!
Will this cancelled sale by a deadbeat seller affect any future sale of the domain?
As many of you know, I am a frequenter at BargainDomains and Cax these days, so I am a little surprised that I haven’t read anything about the PremiumDomains/Cax sale of Possible.com at a whopping $351,000 on October 16th. Francois promoted the hell out of this domain when the $80,000 reserve was met and the domain was sent to a 7-day public auction. The bidding would remain at a reasonable $93,000 until just 10 minutes before the 5PM EDT ending. The next hour turned into a bidding war between two members known under the aliases D. GOLDSTEIN and Hobbyist, with the later finally winning the domain at $351,000.
The sales page on Cax shows that payment has yet to be made, but I am sure any sale of this price can take some time for escrow. I should also note that the domain has been quietly parked with Parked.com over the last while and the WhoIs information is under privacy at Moniker.
There you have it – a monster sale by Francois that has gone largely under the radar! Congrats to all involved!
UPDATE: According to the sales page, the buyer has paid! The WhoIs records also show an October 21st update date. Looks like the deal is pretty much done, folks!
Recently, the people over at DomainConsultant launched a brand new domain marketplace under the brand Boxcar. Over the past year I have sold domains through Sedo, domain forums, BargainDomains, newsletters, Bido (my personal favourite may they for ever RIP) and even on Twitter. So why try a new subscription-based marketplace? My response to that is simple – why not?
First off, thanks to everyone for the positive feedback relating to my previous post on my success selling domains at BargainDomains.com!
This time around, I have another positive experience to report. One of my high-quality keyword .TV domains sold at the buy-it-now price at BargainDomains! The sale price is nothing to brag about, just low $xxx, but it was a decent sale at what I feel was a very fair price (I truly believe the domain would have gone for much more if it went to auction).
Again, the transaction could not have been smoother. The domain was marked sold at 1:34pm, payment was confirmed at 2:01pm, and ownership change was confirmed at 2:35pm. I am still awaiting receipt of the proceeds, but Francois is normally on the ball issuing payment. A big thanks to all parties involved on making this yet another positive experience.
To close off, I asked the buyer how the domain listing was found and guess what! It was my post here on Rural Technocrat! I will try to keep key listings posted here in hopes of making more easy sales.
Have a great evening everyone!
Hey Everyone!
It has been quite a while since my last post – been a pretty busy summer up here in Ontario. Anyways, over the last couple of months I have only sold a handful of domains, but a good handful of these have been through Francois Carrillo’s BargainDomains.com.
By the numbers:
6 domains sold
$539.41 invested in those 6 domains
$1254.80 profit AFTER commission
$715.39 in net profit
132.6% overall return
I should also note that all of the domains sold were purchased in mid-2010, giving a VERY healthy yearly return. Additionally, nearly all buyers communicated how very happy they were with the price they paid for the domains. As a bargain aftermarket shopper myself, it is great to pass along these deals while making a decent profit in return. What is even better is that the 132.6% overall return is not too unlike the 192% returned I received across 91 sales at Bido.
With the removal of listing exclusivity, premium member flexibility and the reduction to a 7% commission, I think BagainDomains.com is one of the best places to sell domains with a decent Valuate.com/Estibot.com appraisal. The after-auction service provided by Francois is quick and courteous while the listing manager is simple and to-the-point – ideal for any auction site.
Not only has Francois’ vertical marketplaces provided me with some solid auction sales, it has given me the opportunity to build relationships with my buyers. I have had post-sale communication with two buyers that have already resulted in another couple of mid $xxx sales. This is rarely achieved at such a marketplace.
Be sure to check out my BargainDomains listings at DomainPortfolio!
