I said 10 cos I'm thinking as an end user buyer rather than as as a domain investor.
Most of the planet has heard of Godaddy so we can use that as a validation tool and an end user who is seriously looking for a domain name has already checked what they may have to pay on GD before they even contact us as the seller.
Knowledge is power and it works for both sides of the equation.
“Funny thing with domainers is that if they're buying they write off auto appraisals but if they're selling they always quote the values. Gofigurethatoutnow. com”
Gofigurethatoutnow. com
I said 10 cos I'm thinking as an end user buyer rather than as as a domain investor.
Most of the planet has heard of Godaddy so we can use that as a validation tool and an end user who is seriously looking for a domain name has already checked what they may have to pay on GD before they even contact us as the seller.
Knowledge is power and it works for both sides of the equation.
I said 10 cos I'm thinking as an end user buyer rather than as as a domain investor.
Most of the planet has heard of Godaddy so we can use that as a validation tool and an end user who is seriously looking for a domain name has already checked what they may have to pay on GD before they even contact us as the seller.
Knowledge is power and it works for both sides of the equation.
Funny thing with domainers is that if they're buying they write off auto appraisals but if they're selling they always quote the values. Gofigurethatoutnow. com
Very trueIf you can only find a religious bot believer that will buy all bot names for bot worth.
I will form a cult be the long bearded one then adjust my bot pricing lol.Very true
"nobody cares about these tools"??? Sure they do....area code 480? that leads to GD right, and they have the best overall appraisal tool except when it comes to domains worth over 25K. That's where Nameworth kicks in Sounds to me like you're a wholesaler buying from other domainers so it's really hard to relate0, and when people approach me with names for sale and they cite some inflated bot value, it detracts from the amount I'm willing to pay, it's a strike against them because I just assume they're trying to bamboozle me. It hurts the credibility of the seller, in my eyes, to cite ridiculous automated valuations.
Also, it signals to me that they have very unrealistic expectations, so there are times I won't even bother making an offer on a name I otherwise may have been interested in. Now that I think of it, this happens fairly often. There was an okay 4L listed here the other day, but the seller made a huge deal out of pretending it was a real word, talking about how they think it's worth 5 figures etc, so they kind of shot themselves in the foot in terms of getting an offer from me. Which is fine, if they genuinely only wanted xx,xxx for it then it saves us all some time - but if they were just trying to pump the name up, it had the opposite effect.
There have been plenty of names I've been interested in but if someone's telling me they think their 3 week old handreg is worth $2000 according to this or that, it's hard to even get to the table.
So, I guess I actually assign negative value, less than 0.
Just my 0.02, tho.
Edit: I hope the results here are eye-opening from a seller's point of view, nobody cares about these tools except the registrars who sell a bunch of janky domains to newbies who think they can turn $8 into $2000 because some robot told them so.
Sometimes I look at them, mostly on auction domains but I don't really care as long as the domain is good.
A product doesn't have merit simply because it exists. Sometimes products serve no other purpose but to entertain us, and make money for their creators.In lieu of anything better or an industry wide standard we shall just have to accept that there is some merit to them.
The "something better" that you speak of is experience. If profitable domainers followed the guidance of appraisal tools, many of them would make a lot less money on their sales, and would own far more invaluable names.Only the future knows the final story so either come up with something better or accept and use what we already have.
A product doesn't have merit simply because it exists. Sometimes products serve no other purpose but to entertain us, and make money for their creators.
There's a vast difference between taking advantage of an industry gap, and filling that gap successfully.
The "something better" that you speak of is experience. If profitable domainers followed the guidance of appraisal tools, many of them would make a lot less money on their sales, and would own far more invaluable names.
I tend to agree that many domains are severely over-valued by their owners. I believe that's often a newer domainer mistake, and if studying domain appraisals is what curbs that tendency in some investors, then I can certainly see that as a positive.I'm a Newbie. Hands up I admit it.
However, on checking the portfolio of an experienced domainer yesterday I could see that they had their domains listed on a third party selling platform. I checked a couple for research purposes and could see that they were being sold for just under $3,000. However, upon checking GD (my preferred appraisal tool) I could see that neither were valued above $1,200.
Now, as an industry of experienced domain investors are we (I mean you,) saying that the appraisal tool is 'not very good' because it has under or over valued said sample domains?
In my honest limited opinion I think that most domains are over valued by their owners.
I tend to agree that many domains are severely over-valued by their owners. I believe that's often a newer domainer mistake, and if studying domain appraisals is what curbs that tendency in some investors, then I can certainly see that as a positive.
I just don't think appraisal tools are necessary when all the information you need is at your fingertips. Appraisal tools seem to serve as a crutch for those who are unwilling to learn the hard way.
You say third party platforms often value names higher than GD, and that it could scare away end users. But these platforms have sold thousands of names this way, based on their own experience and understanding of where the sweet spot is for brandable names. In the face of that kind of industry experience, how well do you think an end user's argument will hold up if they try to use, "But GD's robot says it's worth XXX."?