question Accuracy of EstiBot?

coco77 · Jan 31, 2017

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!

Candace · Feb 1, 2017

Honeylee said:
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.

How many domains to you have? What types/quality? It is more important to spend the first couple months of domaining educating yourself. Either for free using Namepros or taking some form of paid course. Either way, it's important to learn which domains sell and which do not before you jump in. Most people (me included when I first started) overlook the learning period and jump right in. I can tell you that the learning period is important to being successful.

Domains - Wanted · Feb 1, 2017

Candace said:
How many domains to you have? What types/quality? It is more important to spend the first couple months of domaining educating yourself. Either for free using Namepros or taking some form of paid course. Either way, it's important to learn which domains sell and which do not before you jump in. Most people (me included when I first started) overlook the learning period and jump right in. I can tell you that the learning period is important to being successful.

^^^ What @Candace said. Domaining is waaaay more complex than it seems going in! Someone here from the art world, with experience in running an art gallery, I think, likened domain trade to the art trade. I think that's spot on! Most notably where brandables - a huge piece of the domaining cake! - are concerned. Unsurprisingly, automated tools like Estibot are hopeless in this area.

Kate · Feb 1, 2017

Besides, if there is no buyer for your highly-appraised domain, it's worth nada.

kdot19 · Feb 2, 2017

Guys, is it possible to get a good sale for a domain worth $0 on estibot?...it is a 5L.com I just registered

Domains - Wanted · Feb 2, 2017

kdot19 said:
Guys, is it possible to get a good sale for a domain worth $0 on estibot?...it is a 5L.com I just registered

Yes!
Estibot is hopeless where 5L's, especially those of the brandable variety, are concerned. Generally speaking, that is.

ResoluteDomains · Feb 3, 2017

There are other services which are offered which may be of value to you. But the appraisal, as with all others, is very general. No one could actually know what your domain will sell for until such time that you and your buyer come to an agreement and money is in your bank account, the domain transferred to the buyer. Then and only then will you know exactly what your domain was worth.

I have some names which are appraising at over $10K USD but I am going to probably drop them as there isnt even any type-in interest over the last 10 years. But then I've sold names 4 and 5 figures which appraised at $0 or near $0...... Go figure. Its really up to the buyer.

Negotiate well! Good luck!

coco77 said:
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.

Landov · Feb 3, 2017

Sedo's automatic appraisal is better than Estibot's.
It considers the price of past sales made on Sedo.

Bram C. · Feb 3, 2017

Candace said:
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!

While I agree that Estibot appraisals are usually worthless and should never be taken seriously, Estibot offers much more tools than just appraisals. For example I like their domain filter/parser, lead generator, drop lists (which has tons of metrics inside), etc... I have a paid membership at Estibot simply for that reason alone.

Yuri Kt · Feb 3, 2017

Landov said:
Sedo's automatic appraisal is better than Estibot's.
It considers the price of past sales made on Sedo.

Sedo's bot works this way - if your domain worth as mach as the regfee you get $449.
For one of my domains it was so exited and answered me: you domain is brilliant, its value is far far more than $10,000 ! So I've applied for Great Domains auction. The human answer, let's say, sent me back to reality

Rinkuji · Feb 3, 2017

Nuno Guedes said:
0.0001% accuracy on 99.99% of the cases

-1% accuracy on 101% of the cases.
Something wrong? Opps I used Estibot.

Domains - Wanted · Feb 3, 2017

Bram C. said:
While I agree that Estibot appraisals are usually worthless and should never be taken seriously, Estibot offers much more tools than just appraisals. For example I like their domain filter/parser, lead generator, drop lists (which has tons of metrics inside), etc... I have a paid membership at Estibot simply for that reason alone.

Okay, seriously now: Estibot is a useful resource... oh, wait, except it's not, because few domainers can afford it, that's to say, willing to pay their relatively high monthly fee. I know I can't, or won't. For one, their estimates are way off base. For another, nobody knows how their "algorithms" work and what said skewed results are supposed to denote...

Bram C. · Feb 3, 2017

Domains - Wanted said:
Okay, seriously now: Estibot is a useful resource... oh, wait, except it's not, because few domainers can afford it, that's to say, willing to pay their relatively high monthly fee. I know I can't, or won't.

The monthly fee is high yes. In my case I'm paying $39.95 per month for the $99.95 membership, since I have been using Estibot for years and as a result I'm grandfathered in at a lower monthly price ($39.95/month in my case is more than worth it).

So whether or not you think the other (non-appraisal) Estibot resources are worth it is subjective. For me they are worth the monthly fee as Estibot delivers me different tools and data faster than without using Estibot. Time is money after all. For other people Estibot may or may not be worth the monthly fee. Compared to their previous pricing they have become rather expensive, I agree.

dordomai · Feb 3, 2017

estibot.com value $0.

I think it's pretty accurate.

Bram C. · Feb 3, 2017

dordomai said:
estibot.com value $0.

I think it's pretty accurate.

Wikipedia.org is also valued at $0

Candace · Feb 3, 2017

Bram C. said:
While I agree that Estibot appraisals are usually worthless and should never be taken seriously, Estibot offers much more tools than just appraisals. For example I like their domain filter/parser, lead generator, drop lists (which has tons of metrics inside), etc... I have a paid membership at Estibot simply for that reason alone.

I definitely agree about the other tools. I've used them in the past. However, I found that I could get SOME of the same features on other platforms for free or at least less than estibot charges. Also, would you have paid the $99.95? With a deep discount like you're getting, I can see why you keep it.

Domains - Wanted · Feb 3, 2017

Candace said:
I definitely agree about the other tools. I've used them in the past. However, I found that I could get SOME of the same features on other platforms for free or at least less than estibot charges.

Could you elaborate more?

domaintribe · Feb 3, 2017

It has been proved by many a domain investors and buyers that these Valuation tools are not standard and don't mean much, for they have been many a examples of some domain sales where the value estimate by these tools ranged anywhere between $x to $xx, where as the actual sale price for them turned out to be $xxxx-$xxxxxx.

I suppose what matters is, what is the Domain worth to the End user.thats all matters…..

55Domains · Feb 3, 2017

Two words: Not Accurate.

However, if estibot says your domain is worth $0, you should give your name second thoughts as its obviously not a term being searched or used on the internet.

ResoluteDomains · Feb 4, 2017

55Domains said:
Two words: Not Accurate.

However, if estibot says your domain is worth $0, you should give your name second thoughts as its obviously not a term being searched or used on the internet.

More than 1/2 the domains that I have sold had $0 estimate. Estibot does especially bad with brandable names..

55Domains · Feb 4, 2017

AGAME said:
More than 1/2 the domains that I have sold had $0 estimate. Estibot does especially bad with brandable names..

What i ment to say is: if Estibot says $0 the domain has no base value, most likely no end-users out there at the moment and you are going to be forced to play a numbers game to make a decent amount of sales.

You can always register 5000 (6L.com pronounceables) and you are 100% guarenteed to have sales, but most of those domains dont have a minimum value and selling any 1 of them is pure lottery.

VRdommy · Feb 4, 2017

Value is in the eye of the End-User.
Speculation of that value is in a investors head.
Some have a more accurate perception of that than others do.

There is no way a bot can do what a educated investor can do because there are to many variables to account for in marketing. And none of it can know what the end-user knows about what & how they want to use it and what specific advantages it may present to them. But even a good investor would have a hard time knowing exactly what a name will actually bring.
Try guessing the end value for names at auction at sedo for practice.
You will find yourself learning how to valuate names when you understand why they bring more than a hand reg fee. That starts by asking why did they pay so much ?
Nobody likes to give away money. They seek advantage and pay-back. A ROI.

But it does matter if you are talking about future value or today's value.
Today's value is just what anyone will pay at action today. Always considered REAL/Cash value.
Bot's should be reflecting today's value. They have no way of knowing/understanding a growth market.

Just run last weeks sales through the bot and see how they check-out.

EmotiveDomains · Feb 4, 2017

Even a broken clock is right twice a day.

Bram C. · Feb 4, 2017

Candace said:
I definitely agree about the other tools. I've used them in the past. However, I found that I could get SOME of the same features on other platforms for free or at least less than estibot charges. Also, would you have paid the $99.95? With a deep discount like you're getting, I can see why you keep it.

For $99.95 I will probably look for alternative tools elsewhere

Elon Swift · Feb 4, 2017

coco77 said:
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.

They are used just for a reference and not anything else. You should not stick to their estimation by 100 percent.

Ross Murray · Feb 4, 2017

Estibot is fairly accurate in general but when it comes to brandables, it is way apart. Just check the top domain sales list and check the corresponding Estibot valuation. You would know what I mean.

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