NameSilo
Bob Hawkes

Getting More Out Of NamePros Domain Name Appraisals

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Comments:
34
By Bob Hawkes, Mar 10, 2021
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Why do you use domain name appraisals? (multiple selections allowed)

  1. To know if I am on the right track.

    68 votes
    36.8%
  2. To help retail price domain names.

    41 votes
    22.2%
  3. Wholesale pricing for domain names.

    21 votes
    11.4%
  4. To know how to respond to an offer.

    29 votes
    15.7%
  5. Help making keep or let go decisions.

    42 votes
    22.7%
  6. Ideas for possible end use for the domain name.

    25 votes
    13.5%
  7. Arguments to use when negotiating a potential sale.

    36 votes
    19.5%
  8. Confirmation of my view about the domain name.

    49 votes
    26.5%
  9. Weaknesses in this domain name.

    25 votes
    13.5%
  10. To decide the best and worst names from a list.

    28 votes
    15.1%
  11. Determine if this domain name is worth keeping long term.

    40 votes
    21.6%
  12. What should I stress on the lander for this name?

    7 votes
    3.8%
  13. Have a publicly available appraisal I might share with end users.

    27 votes
    14.6%
  14. What sort of marketplace is best for this domain name?

    13 votes
    7.0%
  15. A pre-purchase appraisal to help me decide whether to acquire the name.

    20 votes
    10.8%
  16. I never use domain name appraisals here or elsewhere.

    60 votes
    32.4%
  17. Other.

    16 votes
    8.6%
Multiple votes are allowed.
Total: 547 vote(s)
  1. td11

    td11 Established Member

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    I use godaddy's appraisal tool to see the selling prices of comparable domain names. You don't see some sales in namebio while you do see them in godaddy appraisal.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    fair
    be aware that google / twitter / facebook may give you enough insight
     
    Last edited: Mar 12, 2021
  3. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    they don't even quote their own sales correctly
     
  4. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    lol

    so, why you keep hyping appraisals then?
    you know the faults, outweigh the benefits, particularly for the group who think they need it the most.

    yet, you continue.

    still, if you want more out of appraisal section, then allow less.
    because sometimes, less is more
    then maybe you'll get more quality requests and less BS

    that may mean as @johnn alluded to,
    imposing restrictions/limits on new members creating and responding to posts there, until they have accumulated X # of posts in other sections of the forum.

    moderators should also be actively monitoring threads to reduce spam, solicitation and promotions.

    once you create a standard, then the path to professional conformity will be followed.

    imo....
     
  5. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Very true. Also your point that the precise price is only known when, and if, a sale is concluded. Any appraisal, even from the great minds in domain investing, will be imprecise. That does not necessarily mean that appraisals by definition have no value, however, in my opinion. I think there is a lot of merit for those who do give appraisals to carefully consider both of these points you raise. Say the sale to a small business might be at X while a major business might give Y. That implies a valuation range.

    Very true. I agree that ill-considered appraisals can be dangerous, and that people asking for appraisals should view them as just one, of many, things to consider. It was my intention to make that very clear in the article (e.g. in the Your Appraisal... section). If I did not, my apology for lack of clarity on the important point.

    Your final point about maybe the need for some qualification who give appraisals, I think should definitely be considered. At the very least, as you suggest, require some minimum time on NamePros. But more specific would be even better.

    Thanks for your well expressed points, @johnn - you regularly take the time to offer good advice based on your long experience in domain names.

    Bob
     
    Last edited: Mar 12, 2021
  6. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    I totally agree wth your point that used poorly there can be faults in appraisals which outweigh benefits.

    However, I don't view what I write as hyping, and it concerns me that you view it that way. Not just at NamePros, but on social media, some podcasts, conferences etc., people do appraise domain names. I think in certain circumstances there are valid reasons to seek second (third, fourth, etc.) opinions, and the appraisal section offers that opportunity. Some do use it. Some do value it. No one needs to use it. From those who have voted so far, it seems about 1/3 never use the appraisal section. I don't view pointing out limitations and ways to improve, as hyping something. I am sorry you view it that way.

    The same statement about I don't use it much could be applied to many articles. For example, I am pretty sure that I will never own a single character legacy domain name, but thought people would find an article on that interesting. I personally don't own a decent domain hack, but some like them, so I covered that. I hardly invest in .app (I have one), and not at all in decentralized, but they are both topics of interest to portions of the domain community. At the time that I wrote the two .io articles I not only had never owned one but not even seriously searched for one (subsequently I did pick up a few, and now have 4). Many NamePros members do invest in .io though, so an article on it, or even 2, seemed totally appropriate. When I choose what to write for NamePros, I try to be driven by what is of interest to a significant part of the NamePros membership, not my personal interests. Not every article will be of interest to everyone, of course. Sometimes that means I need to do a lot of research. I probably easily spent 80 hr researching .io before I wrote those articles, maybe more. I never write a NamePros Blog post to hype something. I wrote about appraisals because some use them and I think they could be better. I would probably use them more personally if they did get better.

    I agree. Thanks for stressing that point.

    Even though I disagree, partly, thanks for taking the time to express your views.

    Bob
     
    Last edited: Mar 12, 2021
  7. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    you might believe it,
    because you think it's true
    but wouldn't change perspective
    on this subject.....
    even if the bold font color was blue

    imo...
     
  8. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    By the way I meant to say I totally agree with the following sentiment
    I think if we had fewer appraisal requests, but what they were seeking from the appraisal was well thought out and expressed, then the service could be more valuable. I was trying to say that in the article. And maybe failed, it seems, for at least one reader. The idea of asking people to think why they wanted an appraisal, who they wanted it from, how they planned to use it, and do their own work before asking for an appraisal, are all, I would argue, in spirit of what you say.
    Bob
     
  9. TheBuyerz

    TheBuyerz Established Member

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    Thank you for this article, many useful infos as always.

    I already been concerned by this topic before:

    https://www.namepros.com/threads/make-your-own-domain-name-appraisal.1220860/

    Benefit of appraising your own/other domain names?

    It's important to gain this knowledge, so that when a domain name is already on the market ... you will be able to negociate it at a small price by giving the seller a solid arguments about the real value of the domain name and the right price to pay for it, and vice versa if you are in the role of seller (A right appraisal, will result with a hugh profits with each sales).

    Appraisal means also detecting the value behind a name, especially if you are well informed in a particular niche... otherwhise what is the reason that push us to buy a specific domain name in order to make profits from it? If you buy 10 domains appraised with your own and personal measures and estimation you should make atleast 1 good sale from them if well done or stop and switch to something else.

    Thoses who post appraisal requests should also add their own opinions and how much they think their domain worth to engage debat with others.

    This what I think about it.
     
    Last edited: Mar 14, 2021
  10. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    @Bob Hawkes - Having posted on this thread and therefore with it in mind I have today again tried to give 'constructive criticism' on an appraisal thread, I had a couple of minutes so why not try and be helpful.

    The thread is here:

    Psychologyy.com is it worth $99 ? - NamePros

    Unfortunately it seems to have been a couple of minutes wasted of my life.
     
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