question Accuracy of EstiBot?

[coco77]

Hey guys,

As a newbie, should EstiBot's evaluation be taken into consideration?
I feel like I had some nice domain names that they claim is worth $0

Hence, my question? Thank you in advance!

 

[Jurgen Wolf]

All bots are just for fun...

 

[wayne wooldridge]

Don't take estibot seriously; or any other automated value tool, for that matter...

Past similar sales can be used as a guideline, but are still not definitive by any means.

 

[coco77]

Don't take estibot seriously, or any other automated value tool.

Past similar sales can be used as a guideline, but are still not definitive by any means.

Exactly what I am somewhat doing. Taking examples of past sales and creating something similar and new around it for now. Thanks for your advice

 

[gilescoley]

Its simple, don't use Estibot...

 

[coco77]

Its simple, don't use Estibot...

Funny cause some guys who been around here a while still take snapshots of the EstiBot valuation tool lol

 

[TerriJ]

^^ maybe only if the valuation is good

But Estibot is highly inaccurate*. You can ask people who have made great sales here. Ask them how much the estibot value was. I bet you 99.999% of them will be waaaaaaaayyyyy off (way on the low end.)

*To be fair, how can they know how much a human individual will actually pay for a domain? It just pulls stats from here and there, plug it into their formula and spits out a $number. It's not really a smart bot.

 

[slader23]

If you have EMDs(Exact Match Domains) use GAKP+ Roseners equation and discount the value you get if its not .com, and if its .org the value should only be slightly discounted if it fits the extension ex. Religion, Health, Worship, Charity related stuff. Otherwise similar sales from Namebio or DNPric.es and experience will help you determine value. Also if you want to know whats wrong/right with your name use the appraisal thread.

Automated appraisals aren't accurate, in fact many times tools like estibot will appraise something for $100 and it sells for $50k.

https://www.thedomains.com/2012/11/02/marchexs-sales-prove-it-estibot-appraisals-are-worthless/

 

[gilescoley]

Funny cause some guys who been around here a while still take snapshots of the EstiBot valuation tool lol

Yeah but have a look at the evaluations and then see if what the names sell for, if at all

 

[hostnesta]

Estimates does not necessarily mean accurate values.

Estibot makes estimates, just a heads up on what you can expect.

 

[Maxwell]

It's a bot so it has 100% accuracy.

 

[frank-germany]

Hey guys,

As a newbie, should EstiBot's evaluation be taken into consideration?
I feel like I had some nice domain names that they claim is worth $0

Hence, my question? Thank you in advance!

yes you can always trust a robot

sorry

just joking

in reality your domain is worth
$15.856,17 USD
you'd better renew it for 10 years right now
park it
and wait for the buyer to come

good luck

 

[RCO]

put in the top 20 sales reported by dnjournal.com and compare the results with the real sales figures. There is your answer.

 

[Domains - Wanted]

It's a bot so it has 100% accuracy.

What?! Now I'm really confused... I think you meant to say it has... 200% accuracy. No?

 

[Nuno Guedes]

0.0001% accuracy on 99.99% of the cases

 

[Elon Swift]

No estibot should not be taken that seriously. It just tells the appraisal value of a domain thats it. That doesnot mean 0 estibot domain names are of bad worth. Not so

 

[Kate]

Simple: do as if it didn't exist.
Never ever buy a domain based on an automated appraisal. The most important appraisal factor is gut feeling.

This is the only tool you need:

 

[frank-germany]

put in the top 20 sales reported by dnjournal.com and compare the results with the real sales figures. There is your answer.

they adjust values based on sales

 

[frank-germany]

I just sold a domain at € 1.200
where estibot quotes $ 360 USD

now the buyers the first offer was € 150
and his best price was € 700

but my last price was € 1.500

we agreed on € 1.200


honestly the estibot valuation of $360 USD
to me is not bad at all

how can a bot know
how deep the pockets of a buyer are?
and how well the seller is doing the negotiations?

 

[Cdomains]

It is generally understood here at NP that appraisal tools / sites like Estibot/com are not of much use for accurate valuations.

 

[Candace]

So I used to blog about the top 10 daily sales for each day on Ali Zandi's blog last year. In my blog posts, I included the Estibot valuations for each of the top 10 sales.. Basically, as soon as the sales were posted on Namebio, I went and got the Estibot valuations for them. 99.9% of the valuations were completely inaccurate, especially for brandables. They weren't even an order of magnitude accurate; they were just flat out wrong. And I can say this with all confidence because I checked the sale prices vs Estibot valuations every single day for a 4-5 month period and blogged about it.

Anyway, what estibot does, is that sometime around noon each day, they update the valuation to reflect the sales price for each name. So if blahblah.com was worth $0 on estibot yesterday, but sold for $1200 today. Some time tomorrow, they will update the valuation of blahblah.com to be $1200.

Either way, most domainers who've been around for a while, and who've observed, learned and read, kinda have an idea what a domain's price should be, especially in their area of expertise. For example, if you're into brandables; you'd know that BrandBucket would probably price your brandable for low to mid $xxxx, but if you have a really great brandable, then brandbucket isn't the way to go because you can get high $xxxx to low $xx,xxx at Uni or Sedo. Best bet if you don't want to pay commissions is your own landing page. But I digress, my point is this: you read enough and observe enough, you learn, and you soon discover that Estibot is a waste of money that will suck you dry of your $30 each month. Been there, done that. Live and learn!

 

[Silentptnr]

Sometimes bots are absolutely corrrect!

Look here:
https://www.namepros.com/threads/im-rich.997848/#post-5964542

See, I told you.

 

[Ross Murray]

Sometimes Estibot is totally incorrect. What it can not consider is the way in which a phrase may be catchy or relevant for some people or some some country of the world. It is totally based on numbers. Various domain sales have been recorded worth hundreds of thousands of dollars where valuation was much lesser.

 

[coco77]

Sometimes Estibot is totally incorrect. What it can not consider is the way in which a phrase may be catchy or relevant for some people or some some country of the world. It is totally based on numbers. Various domain sales have been recorded worth hundreds of thousands of dollars where valuation was much lesser.

I agree. But who would pay for such a service if they are not very accurate? Weird...I don't think I will use them much anyway. Maybe just out of curiosity from time to time.

 

[Honeylee]

Hi there,
I'm also a beginner and new to namepros.
Thing is l'm having really hard time to sell even one and don't know what I am doing wrong, specially in finding interested buyers.