status-cantfix-or-wontfix I recommend VIP status to appraise domains

Meanwhile in South Africa...

I think this whole thread is a bit silly in some regards. The OP clearly indicated that he valued the appraisals of VIP members higher than regular or newer members. Now, with the way the system is right now, what is to stop other members just like the OP of this thread from creating their own standards when receiving appraisals? You don't need NamePros to tell you who to trust most for appraisals. Every user here has a reputation and level of experience and I think if you are going to ask for an appraisal and do business as a domainer, it is up to you to decide who you are able to trust and not trust. Who's opinions you value in this community more than others. Create your own standards. If you post a request for an appraisal and you get 3 responses from 3 different members, you can easily see who has been around the community longest. You can see easily who has most post count and longevity. You can see who is knowledgeable by searching your appraiser's post history to see what kind of content they provide to the community. You don't need any algorithm or vetting but your own judgment and knowledge. Do your due diligence if you want to make it as a domainer and learn from other domainers from whom you feel would make a good mentor. NamePros can't hold your hand in every aspect of the industry, but they can provide you with a community as a tool to help you gain knowledge within the industry and become a good or great domainer from learning from other people and participating in the community. It can't be any more simple than that. Create your own appraisal standards just like this OP already has and apply them as you see fit in your own eyes.

snowbird said:

I think this whole thread is a bit silly in some regards. The OP clearly indicated that he valued the appraisals of VIP members higher than regular or newer members. Now, with the way the system is right now, what is to stop other members just like the OP of this thread from creating their own standards when receiving appraisals?

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I think the OP wants to protect those who aren't as judicious in their thought processes as you. There are people that believe anything. Moreover, other people will read the threads and do the same and before you know it every .io is worth thousands!

Then again, the OP could add his thoughts and reasons and be the voice of reason and if they ignore his experience they be damned so you're still right

Nice post

I'd argue that a member who blindly assumes that the highest appraisal is the most accurate isn't really going to benefit from a proper appraisal anyway. It's either going to be rejected or ignored in favor of more favorable valuations. Restricting who can offer appraisals isn't solving the real problem; it's more important that new members learn not to let emotion or pride get in the way of reason. For some members, that learning process could entail making a few mistakes.

The way I see it, pride is the most common problem. People get defensive of their inventory and investment decisions. The often antagonistically critical nature of the domaining community (or any online community, for that matter) encourages them to hide in a bubble of self-defense, rather than slowly changing their ways as they might do with less aggressive mentors. There are a significant number of people who will always reject blunt criticism; that's just how they operate, and there isn't much anyone can do about it. If we call this "the larger problem", then I don't really see how restricting appraisals to experienced members is going to make a difference. The people rejecting low appraisals are going to continue to do so.

Like johname mentioned, this is an old topic.
Follow the suggestion stickies in the appraisal section.

Nobody, and I mean nobody knows what a quality domain will sell for.
It's all guesstimate and opinion. Low, mid, high this or that.
True that some guesses are more qualified than others, and there are some indicators ... prior sales of like names for one, but still....

I've found the best way (for me) is to consider the source.
Some opinions I value more than others.

If you are new and want to know if someone is qualified, check post history.
See if they know what they are talking about. It's not hard to spot the big shooters from the rest of the crowd.
Do your own research before you post. Thats how you will learn.

Peace,
Cy (Not a big shooter)

Like the VIP status say that much, it only shows how active the person is on this forum nothing else.

I would say something more... but I am not VIP... so just a genuine dislike from me to the OP.

HoloNames said:

I would say something more... but I am not VIP... so just a genuine dislike from me to the OP.

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I'm not a VIP either. If you read the post or looked at my name you would have seen that.

Paul Buonopane said:

it's more important that new members learn not to let emotion or pride get in the way of reason.

People get defensive of their inventory and investment decisions.

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+1

no matter how it's served ...the "meat of truth", is often hard to swallow

imo...

Being honest as an appraiser is all well and good but if you tell someone their domain is worthless bluntly and leave without any explanation it's more likely to be perceived in a hostile light and it only adds to the vicious cycle.

I don't posts appraisals that often but when the need arises to post a negative appraisal I explain why I don't think it has much value in a constructive and helpful manner, ie explaining the limits of their niche. This has far more value than a half assed 'reg fee'. I always receive positive feedback from OP's with this approach.

In the end it's up to the OP which opinions and appraisals they take into consideration, they are free to believe what they wish.

Sometimes, I think that a name gets posted for appraisal just for a "backlink" not for a actual appraisal

An appraisal is just an "estimate" the value of a name.
None of them are accurate.
The real price is when there is an agreement between buyer and seller and you never know.

To me the real and honest appraisal on the Forums is how much you are willing to buy the name, not how much others will buy it.

I bought a name here for $20 when no one wanted it and turned around and sell it for $10,000 3 months later.
I do not believe in appraisal.

johnn said:

An appraisal is just an "estimate" the value of a name.
None of them are accurate.
The real price is when there is an agreement between buyer and seller and you never know.

To me the real and honest appraisal on the Forums is how much you are willing to buy the name, not how much others will buy it.

I bought a name here for $20 when no one wanted it and turned around and sell it for $10,000 3 months later.
I do not believe in appraisal.

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Very well said.

I like the appraisal section just as it is, freestyle.
I think it's more for sharing ideas than actual monetary reflections.
Great discussions can come out of these threads, regardless of your personal views on value.
I would post more of them, but I am limited to one at a time.
I think I will post one now, fire away.

No need for VIP status to appraise domains.

There is the Business Appraisals section if you wish to have your domain appraised only by business members and it works just fine.

It is only the domain owner's decision if he wishes to take into consideration a 5-figure appraisal by a new member over the 3-figure appraisal by someone with more experience. Anyhow, the appraisal is only to confirm or infirm your original thoughts about the domain so it is very subjective by all means.

But there is no better appraisal than the sale price (EDIT: to end-user), period.

STP said:

But there is no better appraisal than the sale price, period.

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I hear that all the time and it's nonsense

@defaultuser


There is no exact formula to calculate a domain's value, is it? The closest thing to it is the sale price. Of course there is a re-seller market , end-user market and more so prices vary. Today you buy a domain for $120 and sell later for $10k. Without actual revenue it's harder to put an estimation on a business just on potential.

Why do people always quote 'similar sales'? If the above is nonsense and you have more than 30 seconds to spare, I would like you to elaborate on that.

STP said:

Today you buy a domain for $120 and sell later for $10k.

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:D

if there was a way to easily show VIPs "agree" to an appraisal, that might be useful.

there are "like, dislike, thanks" options now. if the appraisal sections had an "VIP agree" or something like that ONLY for staff and VIP members to click, it might be used and have meaning.

Imagine seeing an appraisal with five "VIP agree" counts beneath it.


sure we could do that by quoting a post and replying, but that clutters things and takes time and wastes a little reader time, too.

vivaldi said:

Like the VIP status say that much, it only shows how active the person is on this forum nothing else.

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in general, but not in every case. some people got it without meeting those specified numeric requirements.

Since it seems like different appraisal requirements can not be agreed upon and it will probably stay about the same. What if there was a requirement added to all appraisals given by NP members that they can not just post a dollar amount or reg fee or other short answer but that the person posting their appraisal should give some kind of short, detailed explanation as to why they are appraising a domain at a price?

If someone posts an appraisal amount or says "reg fee" they must explain briefly as to why they gave their appraisal amount. They can add more info as to how they came to their conclusion. Then the OP who is asking for an appraisal can look at the appraisal and see why someone gave an amount and decide if they understand and agree with the appraisal or if they just want to disregard it.

@ulterios

The best domain appraisals are based on experience and difficult to quantify with words. Sure, we can use statistical data to come up with appraisals, but at that point, the appraisal is worth about the same as an Estibot appraisal.

The best appraisals come from members with 5-10 years of experience buying and selling domains relevant to the domain being appraised. Justifying their appraisal succinctly would be impossible.

STP said:

But there is no better appraisal than the sale price, period.

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STP said:

Today you buy a domain for $120 and sell later for $10k. .

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These two statements together don't make it obvious?

@Joseph Green

I agree with you on that. I made that suggestion because it looks like other users can't agree on what requirements if any should be set for appraisals.

One flaw with the original suggestion of having VIP members only do appraisals is that just because someone is not a VIP in this forum, doesn't mean they don't have the experience. They might have been in the domain industry for 10 years but never joined this forum till recently or they joined but don't come on here often enough to acquire the stats needed to be a VIP.

Also, There are many people I have seen lately that their join date is years ago but they had maybe a couple of posts back then but now they are posting on everything they can to get their post count up and their likes as well. It is possible for someone to join and not do anything or have any posts for over a year, then they come onto this forum and posts like crazy and get their VIP status in a matter of a week or two and they might have zero domain experience.

I was just suggesting the method above since there will be no accurate way to determine if a VIP has the credentials to give what are counted as accurate appraisals. It also seems like nothing can be agreed upon by everyone.

For the record, you need 350 likes as well to get VIP status. Users posting random content will not garner that many likes.

this_username_was_banned said:

For the record, you need 350 likes as well to get VIP status. Users posting random content will not garner that many likes.

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Yes that's true, but actually all you have to do is make a bunch of posts in a few of the more popular threads and the likes can be gotten fairly easy.