We don’t always get a complete picture of how a domain sale went down, but Peter Askew gave insight to his purchase of Onions.com. Peter runs DeepSouthVentures.com
The seller actually took a loss on the one word generic .com.
On Namepros Peter posted:
I’m the one that bought Onions.com .. Here’s a short version of how it went down.
The previous owner won the domain at Flippa in 2017. I believe – per Namebio.com – that his purchase price was $18,501.
In May of 2018, he reached out to me regarding the auction of the domain on BizBuySell.com.
I passed. He replied:
“I originally was going to build out a site for all thing onions related but as of lately have too many pokers in the fire.”
He asked if I had an affiliate program for Vidalia; I told him I didn’t.
Then about 6 months later I noticed the domain up for auction again at Flippa. It had a reserve. The auction completed with a high bid around $9k from what I remember. It didn’t meet reserve.
Then in early 2019, I noticed the domain up for auction again – (I believe on Flippa again?)
The domain received the same poor bidding response. Once the auction wound down, I reached out to see if he’d accept a $12k offer for the domain (I had his email from our previous conversation)
He replied that he had approx $18,500 in the name, & if we could meet in the middle at $15k, it’d be a done deal. He also offered to pay Escrow fees. So I agreed, and we closed the deal on Escrow.com.
Hope that sheds some light on this deal. It wasn’t anything fancy.
Now I’m trying to figure out what to do with the domain. My gut says it’d be a great place to sell Oranges.
Oh, and what was that you said? You need a special gift to send to friends, family, and business contacts? Farm-fresh Vidalia Onions make a great gift. Our shipping season begins on Monday April 29th. You can place an order now and be included in the first batch that leaves the farm!
This type of name is well out of favour, can see why it sold for a loss.