Leapfish or Estibot....which is more accurate? (if at all)
Hi everyone,
I've seen tons of people post Estibot appraisals that seem way too high and LeapFish estimates that are almost unrealistic.
In my opinion, these websites don't offer good estimate appraisals at all.
My question is: Besides the NamePros forum, is there a suggested website that offers near-correct appraisals?
Any suggestions are appreciated. Rep will be added for helping.
Thanks again!
In terms of Automated appraisals, Estibot is as close as your going to come to true value. Josh takes sales data directly from our NameBio database, and soon will have the entire database to work with. Expect Estibot to improve substancially. But the truth is, it is a high quality website and I look forward to working with Josh in the future on a collaboration project. Its gonna freak you guys out.
Yes I was shocked this week when I popped in about 10 domains and the returned values were certainly prices I would ask from an end-user. Nothing too low but nothing too high either.
I had several domains professionally appraised, and then did them on estibot just for fun. I was impressed with the accuracy, considering it is a bot. Definitely not more than an 15% +/- margin of error from what I experienced.
Compared to reality. EstiBot does not, perform accurate calculations.
I went to the Sedo front page and let EstiBot value domains with high bids or that were sold. No impressive results. LeapFish did better on several of them. Not all but when I tried, all in all it seemes as if Leapfish and EstiBot were about as right and wrong respectively, thought not in the same way.
And, EstiBot valued some singleworddomains in plural to regfee, so it just cannot be "tuned in" with all basic aspects in mind.
EstiBot valued ehomemortgages.com to $70 (LeapFish $21 :-D ) when it was sold at Sedo for $2500. That is, though in a beta level, a too bad autoappraiser to be used at all.
Edit:
I let EstiBot check it in versals, eHomeMortgages.com . Then voilla,
it raised to $210.
Last edited by competentdomains : 08-01-2007 at 08:31 AM.
EstiBot is a GREAT service. Josh has taken this project way off the ground.
Don't use LeapFish. They are NOT accurate. Even a little. They appraise based on Archive.org, I sold a name for $11, Leapfish said $33,000, EstiBot: $20.
Bots can't predict bidding wars and stupidity... Estibot is always my first stop when checking out a domain, even before Google and Overture. Very glad to have found it.
Competent: you need to remember that this bot isn't supposed to be a fortune teller. With enough effort and luck you can sell a $250 domain for $2,500, and vice versa, but there is no way to know what will happen. It is supposed to be a guideline, and I think most would agree it is a very good one.
Being a noob myself I have also wondered about the accuracy of Estibot. I recently purchased Infidelium.com which listed on Estibot for $951; I got an appraisal here for $XX. So I really don't know who's opinion to value until I actually sell the domain. I also registered gezhalt.com which listed at $2100 on Estibot I wonder what kind of an appraisal I will get here.
Well, thank you so much everyone for the kind words. You really are too lenient. EstiBot is very much in test phase, and still has several shortcomings, and is definitely not a fortune teller, as already said here. It's worth noting that while it more often than not does hit the right ballpark, it does make a lot of mistakes, too. Hence the fat disclaimer on the site.
Newbies: Please do take the time to read the Guide, About and Metrics sections on the site, and mind the disclaimer. I am an educationally minded person and I don't want EstiBot to encourage crap regs - quite the contrary, I want you to learn from the site, read the guide, look at the keyword data and learn to make realistic appraisals of your own.
My intention is to make the dollar appraisal as realistic as possible, without forgetting that domain names (that make sense) often have a higher potential end-user value than is immediately obvious. I try to balance the valuation somewhere between reseller and end user values, usually closer to the latter.
As for the shortcomings, such as the fake alexa rank problem, thanks to NP'er feedback I am now aware of a multitude of problems, and you can rest assured I will do my best to fix them.
What you are seeing right now with EstiBot is definitely a test version, basically just proof of concept. It works well enough to show that, in principle, a good auto-appraiser can be done.
What I have in mind for the future is something that's altogether on a different level, and I already have the concept for the upgrade worked out - it's based on the current model and I have the technical aspects reasonably well worked out - enough so anyway that I know I can do it. Now all I need is time (and money).
Also very excited about a joint project with NameBio.com. Rapid access to the huge NameBio database is one of the things that will enable me to take EstiBot to a new level. What we plan to do with this new combined power is also something that I think will be, if not revolutionary, then at least a completely new kind of domaining resource.
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