Luc Biggs @LucBiggs - Twitter Profile

LucBiggs retweeted

3 days ago

First of all, thank God. Sold https://t.co/rNS0vXVxn6 last month. Thanks to @atomHQ I like to share story behind that. In 2023, I hand-registered https://t.co/tnwJ51SCEh and submitted it to @atomHQ Premium. It was initially approved at $3,499, but I felt the AI market was just getting started, so I removed it. Later, I resubmitted it and Atom approved it in the $22k-$45k range. After further market research and a pricing review, I listed it at $77k. A buyer came in at $50k. Following a negotiation strategy I learned from @TonyNames , I kept my floor at $50k and asked the broker to push higher. The buyer ultimately agreed to $70,000. Huge thanks to the #domain community for all the knowledge shared along the way, and special thanks to @MichaelCyger , whose comment on my first sale gave me the confidence to keep going. Sometimes the biggest difference between a $3,499 sale and a $70,000 sale is having the patience and conviction to hold the right asset.

sndp_sarao's tweet photo. First of all, thank God. Sold https://t.co/rNS0vXVxn6 last month. Thanks to @atomHQ

I like to share story behind that.

In 2023, I hand-registered https://t.co/tnwJ51SCEh and submitted it to @atomHQ Premium. It was initially approved at $3,499, but I felt the AI market was just getting started, so I removed it. Later, I resubmitted it and Atom approved it in the $22k-$45k range. After further market research and a pricing review, I listed it at $77k.

A buyer came in at $50k. Following a negotiation strategy I learned from @TonyNames , I kept my floor at $50k and asked the broker to push higher. The buyer ultimately agreed to $70,000.

Huge thanks to the #domain community for all the knowledge shared along the way, and special thanks to @MichaelCyger , whose comment on my first sale gave me the confidence to keep going.

Sometimes the biggest difference between a $3,499 sale and a $70,000 sale is having the patience and conviction to hold the right asset.

160

461

56

50

21K

LucBiggs retweeted

NameBio

@NameBio

4 days ago

I did a deep dive into our 290 LTO deals at @afternic and discovered some valuable insights concerning cancellations, early payoffs, and trends. 📉 Cancellation Rates Our raw cancellation rate was 26.9%, but that understates risk because it counts active deals as non-cancellations. A better number is the resolved cancellation rate: cancellations divided by completed LTOs. Historically, among our LTOs that have reached an outcome, about 59% completed successfully and 41% were cancelled. ⏱️ Cancellation Timing Cancellations are heavily front-loaded. Obviously the more payments they make the less likely they are to walk away at the next payment. But at what point are they really committed? Of our 78 cancellations, 28 (36%) made only one payment, 40 out of 78 (51%) made at most two payments, and 63 out of 78 (81%) made at most six payments. Once a deal avoids cancelling after only one payment, its resolved success rate rises to about 70%. Once a deal avoids the early churn window and gets to around six payments, the resolved success rate rises to around 86-88%. 📆 Cancellation and Term Length Most of our LTOs (87%) were in the 12-23 month range, so I'm not sure how statistically significant this data is. But there was a pretty clear pattern that the longer the length of the LTO, the higher the raw cancellation rate was. The raw cancellation for LTOs less than one year was 25%, for 12-23 months it was 25.3%, for 24-35 months it was 31.2%, and for 36+ months it was 53.8%. You might think the longer the term, the more manageable the monthly payments are, and the more likely they'll be to stick around. But in this dataset, longer terms were clearly riskier. Personally, I’d be cautious offering terms longer than 24 months. 💳 Cancellation and Monthly Payment Looking only at 12-month LTOs, the raw cancellation rate was essentially the same for sub-$200 monthly payments vs $200-299 payments vs $300-499 payments. But interestingly, once the monthly payments reached $500+ the raw cancellation rate dropped by more than 50%. That's somewhat intuitive though, someone committing to a $500+ monthly payment is probably more serious and well-funded. 🤔 Confusing Cancellations Three buyers cancelled with only one payment left, which seems pretty unbelievable. In 8 cases, a cancelled LTO later sold again shortly afterward — 6 through LTO and 2 through BIN. The data doesn’t include buyer identity, but given normal domain sell-through rates and the short timing, these were very likely buyers coming back after missing a payment or regretting the cancellation. ⚡ Early Payoffs 17% of completed LTOs were paid off early. Nearly half of early payoffs happened close to the finish line, but of the early payers, 32% paid off after only 1–2 payments. 📈 LTOs By Year 2023: 13 (53 annualized) 2024: 106 2025: 114 2026: 57 (137 annualized) We're seeing a steady trend upward as LTOs stack up. 🎁 Wrap Up I hope this helps you get a better picture of what you might experience if you enable LTOs. The interesting takeaways for me were how heavily front-loaded LTO churn is, how longer terms reduce your odds of success, how little the monthly payment amount affects the odds except at the high end, and how more than 10% of cancelled LTOs still ended up in a sale shortly after.

NameBio's tweet photo. I did a deep dive into our 290 LTO deals at @afternic and discovered some valuable insights concerning cancellations, early payoffs, and trends.

📉 Cancellation Rates

Our raw cancellation rate was 26.9%, but that understates risk because it counts active deals as non-cancellations.

A better number is the resolved cancellation rate: cancellations divided by completed LTOs.

Historically, among our LTOs that have reached an outcome, about 59% completed successfully and 41% were cancelled.

⏱️ Cancellation Timing

Cancellations are heavily front-loaded. Obviously the more payments they make the less likely they are to walk away at the next payment. But at what point are they really committed?

Of our 78 cancellations, 28 (36%) made only one payment, 40 out of 78 (51%) made at most two payments, and 63 out of 78 (81%) made at most six payments.

Once a deal avoids cancelling after only one payment, its resolved success rate rises to about 70%. Once a deal avoids the early churn window and gets to around six payments, the resolved success rate rises to around 86-88%.

📆 Cancellation and Term Length

Most of our LTOs (87%) were in the 12-23 month range, so I'm not sure how statistically significant this data is. But there was a pretty clear pattern that the longer the length of the LTO, the higher the raw cancellation rate was.

The raw cancellation for LTOs less than one year was 25%, for 12-23 months it was 25.3%, for 24-35 months it was 31.2%, and for 36+ months it was 53.8%.

You might think the longer the term, the more manageable the monthly payments are, and the more likely they'll be to stick around. But in this dataset, longer terms were clearly riskier. Personally, I’d be cautious offering terms longer than 24 months.

💳 Cancellation and Monthly Payment

Looking only at 12-month LTOs, the raw cancellation rate was essentially the same for sub-$200 monthly payments vs $200-299 payments vs $300-499 payments. But interestingly, once the monthly payments reached $500+ the raw cancellation rate dropped by more than 50%.

That's somewhat intuitive though, someone committing to a $500+ monthly payment is probably more serious and well-funded.

🤔 Confusing Cancellations

Three buyers cancelled with only one payment left, which seems pretty unbelievable.

In 8 cases, a cancelled LTO later sold again shortly afterward — 6 through LTO and 2 through BIN. The data doesn’t include buyer identity, but given normal domain sell-through rates and the short timing, these were very likely buyers coming back after missing a payment or regretting the cancellation.

⚡ Early Payoffs

17% of completed LTOs were paid off early. Nearly half of early payoffs happened close to the finish line, but of the early payers, 32% paid off after only 1–2 payments.

📈 LTOs By Year

2023: 13 (53 annualized)
2024: 106
2025: 114
2026: 57 (137 annualized)

We're seeing a steady trend upward as LTOs stack up.

🎁 Wrap Up

I hope this helps you get a better picture of what you might experience if you enable LTOs.

The interesting takeaways for me were how heavily front-loaded LTO churn is, how longer terms reduce your odds of success, how little the monthly payment amount affects the odds except at the high end, and how more than 10% of cancelled LTOs still ended up in a sale shortly after.

37

215

39

78

11K

Luc Biggs

@LucBiggs

Who to follow

Last Seen Users on Sotwe

Trends for you

Most Popular Users