I had my first sale with Toby Clements

Student Loans

I submitted my first domain name studentloancenter.com to Toby Clements’ newsletter (website forthcoming) since he took over 100% of it from Rick Latona and it’s database of more than 15,000 subscribers.  The newsletter by the way, includes Fortune 100 companies and end users. 

I also made my first sale to SimpleTuition Inc., a company that launched in 2006 and offers tips, advice, interactive tools, and deals to college students.

My asking price of $5,000 for the domain in Toby’s newsletter was also my sales price.  I acquired the name on NameJet in 2008 for $2,100.  I had plans for the site, but changes to student loans came along and I no longer wanted to operate a student loan website, so I finally decided to try and sell the name by submitting it to submissions@tobyclements.com.

Whether you think the sale of studentloancenter.com is a bargain or not for the buyer (and think I could’ve sold for alot more), one thing that I can tell you is that I had the name up for sale online before and couldn’t seem to get a bite that would go past an inquiry and lower-than-expected offer. 

That is, until I listed it in the newsletter.

The newsletter approach has become increasingly popular among buyers and sellers of domain names, and it’s always been the most effective way for me to sell domain names, particularly with Toby Clements (who helped broker and facilitate several domain deals for me in the past).

Mike Bowden (who helped me complete the transaction) and Toby are both easy going and great to work with and kept me informed each step of the way.

For those of you interested, the rules are very simple, if your name is accepted, you will be under a 30 day exclusive from the last day the name is ran in the newsletter. If your name sells, you’re a 15% commission of the selling price or a flat fee of $250.00 (whichever is greater).

5 comments
Wael
Wael

Did you ultimately get paid? Because Toby sold my domain name two months ago, received payment from the buyer, and never paid me, despite repeated requests.

Lester
Lester

Hi Could you please tell me how you got in touch with the company, did you email or call them? and how did you approach them? Thanks

Fusible.com
Fusible.com

Really? You must not have had to get student loans before.  The term "student loan center" is farily common.  I even had offers shortly after I acquired it by Edvisors (who own some of the biggest student loan websites on the net), but we couldn't agree on price. But glad to hear you thought I got a deal, thanks.

Adam
Adam

What an awful domain name. You should be grateful that you were able to sell a reg. fee domain for that price. Congrats.