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Automated Domain Appraisals, which is most accurate?

Labeled as advice in Domain Buying and Selling Discussion, started by ZP1970, Apr 6, 2021

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  1. ZP1970

    ZP1970 New Member ★★★★★★★★★★

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    I know automated domain appraisal sites are very inaccurate. I've read the tons of stories where they appraised domain names having no value while they eventually sold for thousands of dollars.

    But I have the exact opposite problem. I've tried my domain name in several different automated appraisal sites. And although the value wildly varies, it's not zero. Not by a long shot.

    I've listed the values below:

    GoDaddy: $18.268
    Free Valuator: $22.950
    Domain Index: $68.300
    EstiBot: $115.000

    So I have no clue what the domain name is actually worth, but which of the above would be most realistic? Regardless of what the domain name actually is (since I can not disclose it - sorry).
     
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  2. gilescoley

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

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    1st rule of domaining: Never use automated appraisal tools.😊

    Just work out what its worth by approaching end users with it.
     
    Last edited: Apr 6, 2021
  3. ZP1970

    ZP1970 New Member ★★★★★★★★★★

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    I know that, but I was wondering given the metrics each site uses, which of these would be the least inaccurate.
     
  4. kam

    kam Top Member PRO VIP ★★★★★★★★★★

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    You can't rely on Automated Domain Appraisals for the real value of domains.
    You can only use those tools to help you do some preliminary domain filtering and it will save you a lot of time by cutting a huge list to a small list.


    In following example, I found keyword domains liked PremiumCoffee.org and ItalianCoffee.org are available out of 170000 row of data in no time. Extensions count is a very good indicator.


    [​IMG]

    170,000 + results Before filtering
    [​IMG]
     
    Last edited: Apr 6, 2021
  5. Kris88

    Kris88 Established Member

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    theyre all crap, you really need to look at what domains that are as close to yours have sold for. I had a domain based around file hosting, said it would be worth $170...sold it for $2500, the appraisal tools don't counter in humans, in the sense that someone might see a domain that they absolutely love and will pay a premium for it, or just try to outbid everyone to get it.
     
  6. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Automated Domain Appraisals, which is most accurate?

    Hi

    really?

    imo...
     
  7. johnn

    johnn WeSellName.com PRO VIP ★★★★★★★★★★

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    Add them all up
    Divide by four
    Multiply the total by 6
    Add $2,000 to the total
    And multiply the total by zero
     
  8. OzWorks

    OzWorks Established Member

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    I find the consistent theme of offhandedly dismissing automated appraisals unhelpful and disingenuous. Virtually ever domainer would either have used them during their learning years or still use them for reference points and comparisons.

    Each automated tool uses different algorithms with differing priorities and, therefore, will frequently give different results eg: one may favour the prefix word and not account for the extension. Another might be better at picking up related prefixes and extensions etc. However, if you use them all plus your own research they can be helpful. The information they provide, apart from price, can add to your research base.

    The tool you haven't mentioned is Nameworth. Whilst you have to take the same issues (above) into account, their tool is a boon for domainers as they provide different valuations for each domain based on the various sectors of the market, from retail to liquidation. Their current limitation is they only do .com They are planning to add more extensions.

    So, I don't think it's possible to claim that any one auto tool is more accurate than any other. In using them over time you start to get a feel for what they do and don't handle well (and even then you have to take the vals with a large grain of salt). The key will always be looking at what the auto tools give you and then doing a lot of your own research on previous sales, market trends, the value of the extension etc. etc.

    Cheers
     

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