smartynames
Established Member
- Impact
- 18
I've come across a few tools to estimate domain value, GoDaddy's being a popular choice, and having played with them for a bit I am curious - do you folks use them when pulling a trigger on a purchase?
Asking because the tools seem to use historic values of previously purchased domains, plus some kind of blag magic assessment of the keywords, in order to generate the value.
But, if I am buying something in 2023 when the supply is much lower and desired names are different, the price someone paid for a similar domain in 2017 probably shouldn't matter. The price should, theoretically, be mostly forward-looking. What would someone want to pay for this domain in 6 months, vs 6 years from now.
What's the best way to use existing predicted value, while evaluating what you're looking at ?
Asking because the tools seem to use historic values of previously purchased domains, plus some kind of blag magic assessment of the keywords, in order to generate the value.
But, if I am buying something in 2023 when the supply is much lower and desired names are different, the price someone paid for a similar domain in 2017 probably shouldn't matter. The price should, theoretically, be mostly forward-looking. What would someone want to pay for this domain in 6 months, vs 6 years from now.
What's the best way to use existing predicted value, while evaluating what you're looking at ?