Best Formula to Appraise Domains ?

[AhmedAshraf]

Hi There
I am developing an automated appraisal service that hopfully won't suck. So will you please be kind enough and help me out ? Does any one have a formula which would at least get you the value of a domain ?

 

[The New Guy]

Here's the most accurate way:
1: Sell a domain.
2: Use price from step 1 to determine value of that domain.

 

[AhmedAshraf]

Here's the most accurate way:
1: Sell a domain.
2: Use price from step 1 to determine value of that domain.

The point is, most sellers won't get motivated unless you give them a price tag, then, you begin to negotiate. I am trying to find a range, not exact price. For example, a 3 charachter .com should be valuated at atleast 6,500 (the min. wholesale price) + added factors (premium letter, exact matches, searches)

 

[Kate]

Automated appraisals are a joke. Consider devoting your time toward something more productive.

 

[iowadawg]

True, if you peruse the many threads here on namepros that have to do with appraisal services, you will find most domainers just laugh at such appraisals.
And do not waste their time using them at all, especially as a selling point.

 

[The New Guy]

The point is, most sellers won't get motivated unless you give them a price tag, then, you begin to negotiate. I am trying to find a range, not exact price. For example, a 3 charachter .com should be valuated at atleast 6,500 (the min. wholesale price) + added factors (premium letter, exact matches, searches)

And all of that will still be a crapshoot. The only things that mean anything are the price the seller will accept and the price the buyer will pay.

Estibot already does what you want, but for whatever reason, you don't like estibot's dartboard, so want to build your own dartboard.

I suppose there are other ways to waste your time. Have fun.

 

[AhmedAshraf]

Could you be anything more than condescending ?

Seriously, this is the most unsupportive community on internet, I have flipped through many industries Gaming, Journalism, Crypto-Currencies and so on and so forth, all of which had a helpful and supportive community. Here, all I find is destructive criticism, No help at all. I was trying to create a more accurate and free version of Estibot by adding more variables such as worth & budget of enduser, length and related sales.
So, Could you guys, instead of being sarcastic and critical be of any help ?

 

[iowadawg]

Hey, you wanted feedback and you got it.
So quit whining.
Do it and show everyone what you came up with.
Then you might get some converts and users from here.

 

[New2Domaining]

Could you be anything more than condescending ?

Seriously, this is the most unsupportive community on internet, I have flipped through many industries Gaming, Journalism, Crypto-Currencies and so on and so forth, all of which had a helpful and supportive community. Here, all I find is destructive criticism, No help at all. I was trying to create a more accurate and free version of Estibot by adding more variables such as worth & budget of enduser, length and related sales.
So, Could you guys, instead of being sarcastic and critical be of any help ?

Though some people are somewhat blunt or rude in their responses, I think most here are trying to be helpful. Many businesses fail because they provide a solution to a problem their audience does not want or need. Perhaps you should first start a thread simply asking people if they want and would use a tool like the one you have in mind. If you get a positive response, then ask those people to tell you what you need to know. This could prevent you from wasting time and resources on something that others may not end up finding value in.

 

[AhmedAshraf]

Hey, you wanted feedback and you got it.
So quit whining.
Do it and show everyone what you came up with.
Then you might get some converts and users from here.

Please read the title again, it is the "Best Formula for automated Appraisal" not "Your Feedback"

 

[The New Guy]

Could you be anything more than condescending ?

Seriously, this is the most unsupportive community on internet, I have flipped through many industries Gaming, Journalism, Crypto-Currencies and so on and so forth, all of which had a helpful and supportive community. Here, all I find is destructive criticism, No help at all. I was trying to create a more accurate and free version of Estibot by adding more variables such as worth & budget of enduser, length and related sales.
So, Could you guys, instead of being sarcastic and critical be of any help ?

The problem is that you don't want to hear the truth. You want to hear that your idea is great and there's a market for it.

The truth is that for almost long as I've been working in the internet industry (nearly 20 years), there have been automated appraisal services. Know what they've all had in common? They've all been worthless, no matter what new features or algorithms they say they've created.

Paid appraisals aren't much better.

I'm trying to save you some time and keep you from re-inventing a flawed wheel that no one wants: Your automated appraisal service, no matter how much time you put into, no matter what algorithms you come up with, no matter how free you make it - will be worthless to all except the completely naive and inexperienced user.

That will be your target market- people who know noting about the domain industry that you're supposed to be serving. Some of those people will learn what they're doing - and then they'll no longer use your service except as a punchline.

But please, go ahead. This time it will be different.

 

[The New Guy]

Please read the title again, it is the "Best Formula for automated Appraisal" not "Your Feedback"

If you have this idea and want to dedicate the necessary time to it - shouldn't know know this already?

It's like saying "I want to create an artificial heart- how does the real one work?"

 

[AhmedAshraf]

If you have this idea and want to dedicate the necessary time to it - shouldn't know know this already?

It's like saying "I want to create an artificial heart- how does the real one work?"

I am just trying to crate something used a range, rather than estibot one which isn't even near.

Anyway, Thanks for your Feedback and time and for not putting it rudely this time

 

[Chris Wright]

Ahmed, it is hard to hear, but they are not against you.
They are trying to save you from wasting time.
Already, you can get appraisals @ DomainIndex, Epik.com, Estibot, Flippa, GenericDomainFinder, NoktaDomains, URLappraisal.net, and a few others.
The problem is that the domain market has infinite nuances and follows logic only on rare occasions.
Formulae and algorithms cannot account for all the subjective factors that lead to a domain being sold for a particular price.
Appraising domains is an art, not an exact science.
Sorry.

 

[Kate]

It's just like trying to create an 'accurate' horoscope. Pointless.
We already have several automated appraisal tools that are equal worthless, no need for another one.

 

[iowadawg]

So will you please be kind enough and help me out ?

That is what you asked for.
And what you got.

 

[Name Trader]

1) Stick the index finger of your dominant hand in your mouth and rub your tongue over it.
2) Take finger out of mouth and raise your dominant hand to face level.
3) Put your index finger in the air facing outwards.
4) Turn anti-clockwise 360 degrees.
5) Think of a number between 0 and 10,000.
6) Add or subtract 500 from the number you thought of.
7) Voila! There's your appraisal.

This is a good appraisal as you would get from any automated appraisal. Of course this is just bare-bones. It should be refined. And it's meant to be humorous No disrespect intended.

 

[SearchEngineZ]

I love domainers who user formulas - it means they all compete against each other for formulaic domains I get those that they miss.

Formulas are the reason all the LLLL.coms were bought, and LLLLL.coms, regardless of whether they have any value to an end user.

Formulas are the reason domainers bought every dictionary .com, regardless of whether they have any value to an end user.

 

[gareth1614]

Here's the most accurate way:
1: Sell a domain.
2: Use price from step 1 to determine value of that domain.

lol

 

[Name Trader]

The absolutely best formula for calculating a domains end-user value is to sell one to an end-user. Nothing can beat that.