How We Flipped A Namejet Pre-Release Domain For 10x Profit In 5 Days (Sort Of)…

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Making 10x your money in any endeavour is pretty awesome. In this case, we were able to do it with a very nice domain name sale we had recently. Here’s how.

We browsed through some Pre Release domains via Namejet and found 1 that really caught our eye. If you don’t remember we found ourselves in a very similar situation that you can read about here. But this time we DID NOT want to lose out on this domain. We were basically making sure we took our own advice.

And I am very glad we did.

We won the domain name but things get a little hairy after…

A few days after we won the domain name, we received an email from an interested buyer (came from a parking platform for sale page) mentioning they would like to purchase the domain name. They gave an offer, we gave a counter offer, they came back with a good price and we accepted.

Everything was wonderful. Until…

We realized that we could not PUSH the domain name into another Enom account until the 42 day auction lock had expired. Now, I don’t even know what this means, WTF is an auction lock, unlock it for me gimme the key!

I’ve purchased domains from Snapnames Pre-Release as was able to send it over to my Godaddy account within a few days. But anyway, this was not the case here.

To keep it very simple, this crap sucked big time!

Obviously when your in the middle of a sale, telling the interested buyer that they will have to wait 42 days to get their domain isn’t the most appealing thing to tell them.

In this situation though, we had no choice. The buyer was fine with it, moved the $$$ into Escrow and the waiting game began.

On the 42nd day, we logged in and pushed the domain to the buyers Enom account.

We were happy. They were happy.

So what could you take from all this?

  • If you buy a Namejet Pre-Release domain name, keep in mind the 42 day auction lock
  • Trust your instincts when you see a good domain, just like we mentioned here
  • If someone contacts YOU in regards to a domain you own and they want to buy, your domaining skills are become ninja status

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Questions or suggestions? Let us know in the comment section below!

Omar is the CEO & Co-Owner of The Limitless Legacy Network LLC, where his company focuses on buying and selling online properties. He also handles the companies domain acquisition, brokerage and media relations. Stay updated to their blog by joining their free newsletter here

If you are interested in viewing their domain portfolio, visit their company website here.

11 thoughts on “How We Flipped A Namejet Pre-Release Domain For 10x Profit In 5 Days (Sort Of)…

  1. Congrats Omar and I am happy to see you made a quick sale and I hope you made good ROI.

    Care to share anything like purchase price, domain and/or sale price. If not possible, still it’s fine.

    • Hey Abdul.

      Thank you. Yes the ROI was very good. We’re still rather new at this (specifically focusing on domains) but I think having a set number in your head that your satisfied to sell for is very important. This takes emotions or illogical prices out of the equation. Since you’ve asked we were able to purchase the domain name at the base price of $69 (no other bidders). We were then able to sell the domain name for a bit over $700 in that short period of time.

      Thanks for the comment Abdul!

      -Omar

  2. Hi Omar & Will, Good to see you guys making nice flips with amazing ROI. Omar, I have seen you on WF and have been following you. I’m new to domain game and posts like this keeps me motivated.. 🙂

    Thanks a lot for this article.

    Best,
    Preetam

    • Hey Preetam.

      Thanks for the encouragement. Yes, I still post on WF from time to time but I have been focused in on Namepros since there are a ton of people to learn from in regards to domain names.

      Glad this was able to motivate you. Keep it up! Thanks for stopping by.

      -Omar

  3. Hi Omar, I have been holding this domain for The past 5months yet no sales WebsMAGAZINE.com the last offer I got was $1000 but the buyer wasn’t serious about it. Please any suggestions?

    • Hey Thimmy,

      I would suggest you try to get in contact with that buyer and sell it for 1K, even cheaper if they agree. The extra “s” in that domain is what’s hurting it. Without it, it would be an AMAZING name. Sometimes, one letter can make all the difference.

      Have you ever put it up for auction? Try that too.

      -Omar

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