Yesterday the auction of my domain name pokeralive.com ended. It had a starting bid of 400 but another buyer got involved and took it for 410,- Euro. I bought the name on a forum for about a year ago. I paid $ 50,00 for it. And paid a fee for renewing it once (like $ 7,00 or something) 410,- Euro is $ 534,00 dollar. I made a nice profit here.
Sedo emailed me to inform what the winning bid was. Now I had to give up my registrar and they will get the progress started. The buyer of the domain has 10 days to get his money to sedo. The faster he pays the faster the transaction will go. It can take 2-3 weeks before I get the money and the buyer the domain. Now lets hope the buyer makes the payment fast.
I am not receiving the whole 410,- Euro. Sedo is taking 10 % of the sale. That is 41 Euro for Sedo. I receive 369,- Euro net. Now you might ask what I am going to do with the money. I am going to reinvest 69 Euro of this. And the other 300 Euro is going to my bank account.
I hope things are going smoothly and the buyer is not a fake bidder or something. If everything is finished I will write a full article from the beginning to the end.
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February 6th, 2007 at 5:16 pm
Nice Deal.
February 6th, 2007 at 10:40 pm
Excellent return rate Nomar.
Allen.H
February 7th, 2007 at 12:59 am
Nice. I’m still looking for my diamond in the rough domain.
February 7th, 2007 at 5:42 am
Sweet, my domain hasn’t sold on Sedo, but then again I have no intentions of it selling… just listed it for fun for an unreasonable price
February 7th, 2007 at 6:17 am
Congratulations on the sale, Nomar!
February 7th, 2007 at 7:04 am
That’s awesome 57 to 534.
February 7th, 2007 at 7:27 am
I’d say that’s a pretty good rate of return, when you go 10x on the investment. If only you could do that on a continual basis… invest $100, get $1000, reinvest $1000, get $10,000….
February 7th, 2007 at 7:50 am
wow, that’s impressive! Now I’m inspired to try flipping some domains. That’s a good return in one year.
February 7th, 2007 at 1:41 pm
Congratulations Nomar! I hope you succeed with your new investments and that the buyer isn’t a scammer. I might try out the domain busiess too, but it seems a bit risky
February 7th, 2007 at 4:24 pm
Very cool! I hope he’s not a stiff.
February 7th, 2007 at 5:09 pm
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February 7th, 2007 at 5:38 pm
Thanks guys !! yeah, I am happy with this return on investment
February 8th, 2007 at 8:06 pm
That is awesome Nomar! Congratulations and thank you for keeping us all posted on your progess. I put a few up on Sedo to see what happens myself now.
February 8th, 2007 at 11:33 pm
Kalle: Yeah, it does seem pretty risky, but you know what they say. No risk, no reward.
February 13th, 2007 at 2:10 am
Great ROI, congrats! Hopefully I’ll be able to convert some of my domains like that in the future
January 2nd, 2010 at 8:36 am
Congrats for your sale
August 18th, 2010 at 2:01 pm
i think it’s a fair deal i am new to sedo and try to get going with it although i have a few domains listed there but so far i didn’t had any success i was looking for information on sedo to get going and this blog helped me a lot thanks for the good work and keep it up