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Automated Appraisal On what basis they appraise

Labeled as discuss in General Domain Discussion, started by noneisnone, May 10, 2020

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  1. noneisnone

    noneisnone Upgraded Member Blue Account

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    it would be great to understand how these appraisal services operate on what they base the value recently my domain Geologian.com was appraised for 14000 USD on name worth which raised the question on what basis do these appraisal services price the domains some insight would be helpful
    also is godaddy 1000$ appraisal the new 0$ ?
    those are the ones I'm interested in suggest some more services to be added to the list
    Godaddy
    epik
    estibot
    nameworth
    freevaluator
     
    Last edited: May 10, 2020
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  2. noneisnone

    noneisnone Upgraded Member Blue Account

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  3. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    The best thing you can do is learn domain value yourself.

    These automated appraisal tools are a waste of time. You will get anything from $50 or $50k, they just throw out random figures.
     
  4. noneisnone

    noneisnone Upgraded Member Blue Account

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    of course they are godaddy will appraise anything at 1000$ but there must be some things that there system factor in before they price things out i need to know why my domain was priced 14k i couldn't keep a straight face once i saw the number
     
  5. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    Thats why its best to not use them, its no use trying to figure what criteria it uses to appraise them. Its the biggest mistake people new to selling domains make, they get a $1K or $10K appraisal and then they believe thats what their name is worth.
     
  6. noneisnone

    noneisnone Upgraded Member Blue Account

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    i don't think that there appraisal is accurate but still there must be a method to appraise it can't just be random
     
  7. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    If you can get a $50 appraisal from Estibot and then a $50K appraisal from another one, do you really think there is any reliable criteria.

    You will need to ask Godaddy, nobody will know the full criteria it uses.
     
  8. noneisnone

    noneisnone Upgraded Member Blue Account

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    isn't the owner of epik a member here ?
    another odd thing i noticed when you try appraise domains that might have trademark issues it shows on estibot and epik which means that there is a system in place
     
  9. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    ok good luck :xf.wink:
     
  10. Rhinnnn

    Rhinnnn Established Member

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    Epik uses Estibot's appraisal system - I'm pretty sure they have an agreement of some sort.

    Estibot values names mainly based on search volumes. The more a word / keyword is searched, the higher the domain's value.

    Nameworth probably relies on search volumes too, but to a lesser degree.

    GoDaddy - from what I've seen, their appraisals first take into consideration similar sales. Which isn't always the best method. And, in fact, no automatic appraisal is "best."
     
  11. noneisnone

    noneisnone Upgraded Member Blue Account

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    i noticed estibot and epik being very similar but i will have to disagree with you in regard of them valuing it based on search volume i have appraised domains with words that are so much less popular than others and got a very higher value i think other things factor much more in there appraisal (not sure what it is would like to find out) also would be interesting to know at what they base there .net or other extensions appraisal
     
  12. noneisnone

    noneisnone Upgraded Member Blue Account

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    to make things even more odd nameworth appraised another domain i have at the exact price geologian was priced so it cannot possible be based on search volume
    geologian.com and limnic.com both appraised at 14500 USD
     
    Last edited: May 11, 2020
  13. wurdd

    wurdd Restricted (15-30%)

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    What is a Geologian exactly?
     
  14. noneisnone

    noneisnone Upgraded Member Blue Account

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    the scientific study of the origin, history, structure, and composition of the earth.

    the geological features of a district or country.
     
  15. wurdd

    wurdd Restricted (15-30%)

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    I thought that was geology.
     
  16. noneisnone

    noneisnone Upgraded Member Blue Account

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    your right rofl i been copying the wrong info all along
    correction : an obsolete form of geologist
     
  17. wurdd

    wurdd Restricted (15-30%)

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    That's cool.
     
  18. Rhinnnn

    Rhinnnn Established Member

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    I oversimplified Estibot's methodology, indeed. Here's what they say about how they do it:

    https://www.estibot.com/methodology

    Anyway, you're giving all this too much thought and it's not worth it. Most domainers don't value automatic appraisals (and for a good reason):

    https://www.namepros.com/threads/as...e-assigned-by-an-automated-appraisal.1187885/
     
  19. Mytz.com

    Mytz.com Upgraded Member Gold Account

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    The assessment is inaccurate and can only be used as a reference
     

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