discuss Are all domain valuation sites a joke !?

Depends on name and depends on the service. Sometimes they're right on the money. Sometimes they're way off (like with made-up brandables). For ultra-premiums, Godaddy Appraisal tool doesn't go past $25K so that's not very useful.

At the very least, they provide some data about the name that can help you come up with your own valuation. Like which part of the domain is popular. For example, GD Appraisal tool tells you "___ is a widely used keyword" Estibot tells you all sorts of good stuff about a name.

You can't deny the data from previous sales. GD has a ton of data points to work with so they're basically telling you what's most likely to happen based on history, not what will happen.

Some people definitely think they're useless, like Mike Mann who keeps going off on twitter about how they're undervaluing names and hurting the industry.

So...

Pretty much. I was playing around with Nameworth and punched in my domain RunWithYou.com , it came back as Super Premium $29,500. On GD it was Estimated Value: $1,629. On freevaluator it is $ 509.

Useless numbers. Who do you trust ? These valuators are what cause people to buy domains they should avoid or cause them to try to sell for the wrong price.

NYJimbo said:

Pretty much. I was playing around with Nameworth and punched in my domain RunWithYou.com , it came back as Super Premium $29,500. On GD it was Estimated Value: $1,629. On freevaluator it is $ 509.

Useless numbers. Who do you trust ? These valuators are what cause people to buy domains they should avoid or cause them to try to sell for the wrong price.

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It really sounds like self limiting beliefs to me. A review of Mike Mann's sales and you'll see that NameWorth is pretty close in most cases.

There are also pricing levels at the bottom of the page valuation page to help you along.

From a marketing campaign perspective, there is definitely value in a term like this. Anyone knows what the term means, and at least a couple songs have been published under the same name. Plenty of room for branding. If Nike came out with a gadget next month that was marketed under this name, would you still question the value?

Yes.

NameBuyer.com said:

It really sounds like self limiting beliefs to me. A review of Mike Mann's sales and you'll see that NameWorth is pretty close in most cases.

There are also pricing levels at the bottom of the page valuation page to help you along.

From a marketing campaign perspective, there is definitely value in a term like this. Anyone knows what the term means, and at least a couple songs have been published under the same name. Plenty of room for branding. If Nike came out with a gadget next month that was marketed under this name, would you still question the value?

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LOL, this from a guy who supports and promotes Nameworth in his sig. Thanks, but no thanks.

How about this, I sell it to you for $688 and you put it up for sale for $29,500 ?

doofer said:

Just looking at domain valuations on GD valuation site & came across a domain that they value at $5,700, available to buy for a couple of hundred ! A quick look on freevaluator & the very same domain according to them is worth less than $50 !!

Are all domain valuation sites a complete joke !?

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Based on your statement, I think the biggest thing to realize is there are several Market Levels in the domain industry, and the pricing at each level is vastly different. At the bottom of each valuation, we break down the market levels. If you consider the following Market Levels below, you can see why a domain that sells at auction for $200-$1,000, can actually have a Retail Level valuation in the thousands or tens of thousands of dollars.

• Retail Level - Someone that has already decided on this name for immediate use (product, service, campaign)
• Investor Level - Buyer with a possible future need
• Auction Level - What an investor will pay at an expired auction
• Liquidation Level - What someone might sell a domain for on a forum like this

This brings attention to why there is an inherent problem if you base valuations on past sales. In most cases, unless you know what motivated the buyer to make the purchase, the data is faulty and cannot be averaged. Because, how can you average what I am willing to pay at an auction today as opposed to what a large corporation will pay for it 10 years from now.

NYJimbo said:

LOL, this from a guy who supports and promotes Nameworth in his sig. Thanks, but no thanks.

How about this, I sell it to you for $688 and you put it up for sale for $29,500 ?

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I created NameWorth from 15-20 years of domain experience and over a year of development.

I'd pay $200 to buy the name from you this week.

NameBuyer.com said:

I created NameWorth from 15-20 years of domain experience and over a year of development.

I'd pay $200 to buy the name from you this week.

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LOL, I've been offered more. But since you wont pay $688, I got a feeling you arent too sure about that $29,500 evaluation. Good luck with your business.

NYJimbo said:

LOL, I've been offered more. But since you wont pay $688, I got a feeling you arent too sure about that $29,500 evaluation. Good luck with your business.

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I'm not in the business of buying high and selling high. Just in the business of selling high.

NameBuyer.com said:

I'm not in the business of buying high and selling high. Just in the business of selling high.

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Yeah, because $29,500 is soooo close to $688, so no chance of profit, right ?

Well, I'm done with this thread.

Yeah... they are complete joke, but they might influence people!

it is seems truth sometime ; but what we can do?? how know right worth of name??

doofer said:

Are all domain valuation sites a complete joke !?

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Short version: yep!

I don't bother with automated appraisals. Not knowing the algorithms used makes them totally unreliable. To me, Namebio and history of sold domains is a much better indicator of what might sell and what not.

These services are targeting your pocket more than anything, true Godaddy's is still free, but don't you think it influences those crazy auction wars?!?!

You set yourself free in the domaining world, when you stop using them.

Historic sales data is useful, & thats it.

IMO

Are all horoscopes a joke ? Yes they are.
Same with automated domain valuation.

Once my boss told me that in the beginning of his career he had to write a business plan. As he was inexperienced and had no clue how some parts of the business will develop he came up with a simple solution.
For each value he struggled he rolled a dice and simply put the values in the sheet.
I had to laugh but he ensured me that his boss approved the business plan.
Now you probably can imagine what I thought about my boss and his boss form this day on.
Yeah, what has this to do with domain valuation? Simple answer: If you struggle to price a domain simply roll a dice - you probably won't go wrong!

doofer said:

Are all domain valuation sites a complete joke

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Yes and No.

Yes if you look strictly at the dollar amount they shoot at you without justification and you run with that number...

No if they provide current and accurate information as to visits, SERP, etc which helps you determine a real value...

Kate said:

Are all horoscopes a joke ? Yes they are.
Same with automated domain valuation.

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Yes, so are self driving cars...oh wait.

Honestly, I really appreciate your comments. The tool was just released Sunday, and is at what I would call a 1.0 version. I would just ask that you wait for version 2.0 or 3.0 to be over-critical, and for now try to support a fellow domain investor.

So if anyone finds discrepancies, the most effective way to provide feedback is in the tool itself. It is built in.

But what I've found most remarkable about this thread, is that the owner of the domain has taken an extreme price, and yet have proven it is within the range that the tool suggests.

The Market Level pricing isn't to sell to another domainer. It is, as Rick has said, to fish for whales.




AI is here, welcome to the new dawn.

Owner wanted $688, I offered $200 this week. Owner refused. Sounds like the Liquidation Level is pretty accurate to me.

NameBuyer.com said:

AI is here, welcome to the new dawn.
]

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Ai?....really?...I believe you mean data mining. There is a huge difference between Ai and data mining.

Too many companies and projects like to throw around the buzzword "ai" on projects with no knowledge of what "ai" actually is.

There is no "ai" tool to evaluate domains.

Wow, are we still discussing whether the Earth is round or square?

No, they are not, they just use data obtained from previous sales and use a highly customized algorithm to come up with an estimated price.Hope this helps.

godaddy guy has a PhD in AI so it must be good
https://www.namepros.com/threads/how-do-you-define-a-domain-name-value.1122203/#post-7100335

I checked one of my domains on nameworth, the value came as $1,250,000. (Ultra premium category) Tbh this is where the top level domain prices should be at. Current market values for high quality domains are still low. I hope this will change in the coming years.

jimmy5 said:

No, they are not, they just use data obtained from previous sales and use a highly customized algorithm to come up with an estimated price.Hope this helps.

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Data obtained from previous sales is not always relevant, even when relevant data is readily available. That's one among many clues that the tech is not ready for prime time.