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