How I sold a domain name for tens of thousands of dollars.
As I promised you yesterday, here is a copy of the Email that brought me out of a 4 year retirement in sunny, South Florida and gave me my biggest one day payday in my 20 plus Online Marketing career.
This email eventually led to about 20 others as we negotiated, and finally culminated into a successful sale & transfer of the domain name.
And just like that tens of thousands of dollars of easy, and unexpected profits came my way.
Totally out of the blue!
Like a fantasy dream!
I can’t reveal this domain name due to an NDA (nondisclosure agreement) I signed with my company.
But, I will tell you some of the back story behind it.
As I told you yesterday, I was retired and living in sunny, South Florida.
I had totally disconnected myself from the grid after exhaustion AND burn-out.
I had been working in sales, marketing & was a stock market day trader & real estate investor for decades, virtually non-stop.
Sure, I took a lot of vacations, but I always carried a video camera and documented my adventures throughout Miami, the Caribbean & Colombia.
And, then I had a total breakdown and I felt vulnerable and depressed.
So, I quit the Digital Life-Cold Turkey. Not even a smartphone.
No Facebook. No Twitter. No Youtube. No email.
In fact, the email used in this transaction wasn’t even mine. It was my 89-year-old mothers.
Yeh, I guess geekiness runs in the family. haha.
I had sold or shut down everything except this one domain name that I had owned for about 18 years.
I knew I had a winner when I registered that name about 18 years ago because I’m a branding expert. I take branding seriously. (Check my right arm in the photo above)
I had made money generating Buyers, Sellers & tenants with this domain name through the years.
I’ve been right a few times before. (I have had several other domain name sales of $10,000)-But never one for this much.
I continued to pay the domain renewal fee each year because I knew it had value.
I was living a very nice leisurely Florida retirement lifestyle.
People dream of this type of life.
I dreamt of this type of lifestyle while suffering through the Chicago winters I endured for about 35 years.
A real fantasy lifestyle in a tropical playground, just as your life is starting to wind down.
Palm Trees, Golf Courses, and Balmy Ocean Breezes are heaven compared to the Chicago winters I used to endure. Brrrr.
Is it cold where you are living today?
Haha. I bet my neighborhood looks really good to you then.
OK, let me get back to that amazing Email I received in June.
At first, I didn’t get too excited because from time to time I had received inquiries about this Domain Name and would have tire-kickers and Domain Brokers email me and ask if I wanted to sell this domain.
The offers were not that great.
I thought this was another one of those cases.
But, after a few emails, I could see that this guy REALLY wanted to buy this domain name.
Pro tip: When someone asks you what you price is, never answer them. Instead, ask them instead, “What is it worth to you?”
Usually, as in this case, you end up getting more than you planned on getting.
And, that’s what happened in this case.
The Buyer made me an offer, and I made a counter offer for twice as much.
When he told me “OK”, but it would take some time to raise that much money
I did what any good marketer would do, I helped him get what he wanted.
But, things dragged on for weeks because it’s an intricate process when you use a Domain Broker to be the Escrow Agent..
At one point I had resigned myself to the fact that this deal was not going to close.
Then about 3 weeks in, the Broker finally emailed that the funds had cleared and they would be sending me a wire within 48 hours.
Holy Sh*t! Hallelujah!
So the money hits my account, and I’m thinking to myself, “what am I gonna do with all this money?”
I decided to go back into business and give back by training people who live in the Caribbean.
“How to make a good living working Online.”
I went to Cuba and held a Hackathon.
This was when Obama had announced an opening and a thaw in relations with Castro.
Oh, but my Cuban adventure is a whole other story.
Trust me, you need to sign up and get on my list to hear this!
Here’s the Plan. Click the map to check it out!
Updated 9-13-18. This plan has now been changed and you will get updated if you’re one of my Members on my list.
Why the Caribbean?
How You Can Participate?
Ever thought of managing an exotic Caribbean Island?
Earning good income and having Fun-In-The-Sun.
I need some help in building digital centers and recruiting teachers who know Online Marketing.
You should join this cause because it will make a huge difference in a lot of people’s lives.
Plus, it’s the Caribbean.
You are going to have the fun and adventure of your life! You might even get rich on top of it!