Does Estibot influence market prices?

[Brujah]

How many of you check estibot when you get a domain inquiry or make an offer on a name? Do you base your price on estibot? I wonder if it has an influence on the aftermarket. If so, how can we get Esa to increase the appraisals by 20%?

 

[Sameh]

How many of you check estibot when you get a domain inquiry or make an offer on a name?

I don't.

Do you base your price on estibot?

Never.

I wonder if it has an influence on the aftermarket.

No influence on the aftermarket and I don't think it would.



I'm not estibot hater but it would be too much to say that such tools have any influence on aftermarket. IMO

 

[-REECE-]

I've had a few sellers justify their asking price by quoting Estibot, so I suppose it does at least influence prices to a small extent. We see a lot of newbies asking for appraisals on domains and quoting Estibot -- I would imagine Estibot influences the registration of new domains much more than aftermarket prices.

How many of you check estibot when you get a domain inquiry or make an offer on a name? Do you base your price on estibot? I wonder if it has an influence on the aftermarket. If so, how can we get Esa to increase the appraisals by 20%?

 

[gazzip]

I wonder if it has an influence on the aftermarket

Going by the estibot posts all over namepros it obviously has a big influence on alot of people when it comes to buying domains.....which is not a good thing.

...I just hope it does'nt have nowhere near as much influence on potential end users

Looks like ALOT of people choose to ignore this part which is on estibot:

" IMPORTANT: The purpose of Estibot.com is to give you keyword data and information about your domain. The dollar valuation is not to be taken literally - it may change, and it is only a quick-look measure of the keyword metrics.

Do not make a purchase or sale decision based on this appraisal "



... but, each to their own


.

 

[SpareDomains]

How many of you check estibot when you get a domain inquiry or make an offer on a name?

no

Do you base your price on estibot?

no

I wonder if it has an influence on the aftermarket.

based on the following thread I would say it makes domainers waste their money on 90% of them which I would consider useless domains where an end user will never appear, any auto appraisal or site that provides any type of metrics should be 1 factor of the equation and not the only factor before pulling the trigger.

http://www.namepros.com/domain-name-discussion/531395-whats-your-best-estibot-find-recently.html

 

[weblord]

yes in some ways, i think estibot knows it when he designed estibot to work that way.

 

[Rich]

http://www.namepros.com/domain-name-discussion/531395-whats-your-best-estibot-find-recently.html

Dang...We love your stats estibot but couldn't you have bought estimate.com(dontquoteme.com deved)? I guess it has more effect on aftermarket than it should.. end users, developers, smart investors know what they're looking for though, :kickass: premiums.

 

[Alex]

I never based a decision about buying or selling a domain based on estibot, however I like using it as it gives good information regarding a domain.

Reseller market is a bit influenced, as I guess some newcomers will base their decision on estibot. But this happened even 1 year ago, when there was a very poor appraisal bot that I forgot its name ..... can anyone help me .. it had awful appraisals.... something with leap in it ....

I know one year ago when I posted in the wanted domains section I got a PM with a long hyphenated domain that made little sense and the seller aggressively quoted $8000 for it, 20% lower than what that appraisal gave him. And he said this is the lowest he can go, as it is evaluated at $10.000 ...... I somehow resisted the temptation and passed (do I have to mention that name was registered 2 weeks before that?

 

[accent]

Does Google influence prices?
Do previous sales?
Wordtracker?

I think the answer is: of course, but not exclusively.

Estibot is merely a weighted mix of those and other factors. It resembles "book value" in antiques or coin collecting. A great starting place, but dangerous to rely on.

As new domainers with lots of money and little time arrive (I expect this), and Esa improves the accuracy of the estimates, I think Estibot will become more important in the valuation of domains. Which means that good domains that are favorably sited in relationship to the data Estibot tracks will be better investments than equal domains that have value based on factors outside Estibot's reach.

In other words a high Estibot estimate can become self-fulfilling. But beware, there are currently errors in the system that can greatly inflate estimates. Many of those will likely be corrected in time, leaving those who bought based on Estibot alone with useless domains.

 

[lzy]

Not really influneced but I do take a look at Estibot from time to time before getting a name.

 

[ezimedia]

HI

I don't think they are popular enough to make the market move in either direction.

But if it was to make it move in a direction it would be with in the domainers circle...

They are good to use as a research tool for a domain but not really to know what a domain is worth or will sell for.

Tom

 

[estibot.com]

I wonder if it has an influence on the aftermarket.

I think it's starting to have some influence. I see a lot of pricing especially on the forums and on SEDO that display the Estibot appraisal and their own price as a portion or multiple of that, so they may have been using it as the starting point for the valuation.

There are two sides to this coin. The bright side is that at least there is some objective measurement that can be done to compare the relative values of domain names. Some buyers and sellers seem to benefit from this. From the thousands of emails of feedback I've received, I've found that especially experienced domainers have found the valuations useful, because they have the knowledge and the confidence needed to interpret the valuation correctly. On the other hand, newbies and non-domainers have also benefited, because it helps them to get some idea of value.

The dark side is that Estibot gets it wrong a lot. This is not so much the fault of the algorithm - the algorithm is pretty good - but the keyword data I have is of suboptimal quality, even though it is the best data available at this time, given my modest financial resources.

The light at the end of the tunnel is that I'm confident I can to improve it to the point where it will exhibit such validity and reliability that whatever influence it might have will not be perceived as such a bad thing even by domainers, and can really be helpful to buyers and sellers alike, not to mention large portfolio owners - for base valuation purposes. I'm just not there yet, but I am getting new data all the time that will help me to do this, probably pretty soon.

Even though I disagree with those who maintain that domain names cannot be valuated systematically, the disclaimers will always be there. Generic keyword domain names can be objectively and meaningfully valuated within a certain margin of error, but of course there will always be exceptional sales both ways (fulfilling the tautology "a domain is worth whatever a buyer is willing to pay").

If so, how can we get Esa to increase the appraisals by 20%?

Be nice to me

Just kidding, in fact I'm LIVR (Learned, Impartial, and Very Relaxed)

based on the following thread I would say it makes domainers waste their money on 90% of them which I would consider useless domains where an end user will never appear, any auto appraisal or site that provides any type of metrics should be 1 factor of the equation and not the only factor before pulling the trigger.

http://www.namepros.com/domain-name-discussion/531395-whats-your-best-estibot-find-recently.html

Yes, I agree. That's why I have the disclaimers in place. If someone wants to buy a name based on the Estibot appraisal, that's their prerogative, even though I always warn against it. Using Estibot doesn't give anyone a licence to give their own brains a vacation.

Looking at that thread, it's pretty obvious to me why the valuations are too high. It's because of the poor quality of the data that I have. The Estibot base algorithm is about 2,000 lines of code, out of which 1,800 lines are dedicated solely to overcome the problems with the existing data. Overture is the worst, and I will soon leave that out altogether.

Things will get better soon.

 

[h2o]

There are many noob domainers who probably take estibot to heart considerably. I personally look from time to time just for the hell of it. Yes many times the prices are overinflated but there are also times when the price does not do the domain justice. (I personally think that's why I can get good deals from time to time) It cant judge how brandable names are or market appeal.

For example, I just paid $850 for a eGeneric on NJ and the appraisal was only about $100. Has any one noticed eDomains have been selling for for alot. They're very brandable.

 

[Archangel]

I've had a few sellers justify their asking price by quoting Estibot, so I suppose it does at least influence prices to a small extent. We see a lot of newbies asking for appraisals on domains and quoting Estibot -- I would imagine Estibot influences the registration of new domains much more than aftermarket prices.

I offered t buy a domain for cheap and the seller replied, "Sorry, estibot valued this at (enter sum here)". But I think most sellers like this are trying to sell their lot for more than it's all worth and very little of the domains sell.

I acquired RussianPreteen.com because estibot appraised it at $110,000. Gee, wonder if I'll ever see 0.01% of that.

 

[Charley]

Do you base your price on estibot?

Never, I don't do that.

 

[gladdy]

estibot updated an algorithm lately, now it have a big bug, appraisal of domains with hashes is always "reg fee"

check your domains with hash, some days before everything works, but now not anymore.

 

[Compassion]

Even though I disagree with those who maintain that domain names cannot be valuated systematically, the disclaimers will always be there. Generic keyword domain names can be objectively and meaningfully valuated within a certain margin of error, but of course there will always be exceptional sales both ways (fulfilling the tautology "a domain is worth whatever a buyer is willing to pay").

I agree with you that domain names can be appraised systematically - to the extent the algorithm permits - and to the abilities of the human processing the computer generated interpetation to analyze the accuracy of the data.

I find the appraisals to be very close to a fair price about half of the time. The rest of the time - the results can be skewed substantially.

Josh
I'm looking forward to see what you have been working on that will utilize 1800 of the 2000 algorithm fields for valuation purposes rather than to chug through overture.." :kickass:


"a domain is worth whatever a buyer is willing to pay" - c'est vrait

 

[estibot.com]

estibot updated an algorithm lately, now it have a big bug, appraisal of domains with hashes is always "reg fee"
check your domains with hash, some days before everything works, but now not anymore.

Take it easy on the hash, or you'll start seeing big bugs everywhere

But seriously, you're right. There is a bug there. I didn't really change the algorithm much, but I changed the way Estibot handles data, and now it handles the hyphenated domains wrong. I'll fix it this weekend.

Thank you for the heads up.

 

[labrocca]

How many of you check estibot when you get a domain inquiry or make an offer on a name?

Very often.

Do you base your price on estibot?

Like any tool...it's a indicator that is added to the mental equation.

I wonder if it has an influence on the aftermarket

I believe it does.

If so, how can we get Esa to increase the appraisals by 20%?

That would lower it's influence imho. I assume you are joking though.

it is only a quick-look measure of the keyword metrics

And that's where it's helpful to me. I do understand HOW estibot works..doesn't take a rocket scientist to see what it's looking for. Given that I can take it's base information and use it for my own purposes.

I acquired RussianPreteen.com because estibot appraised it at $110,000. Gee, wonder if I'll ever see 0.01% of that.

Looking at that I can see that the term Russian and Teen might trigger the high valuation. I also doubt you're going to find a way to monetize well the term preteen especially as a sex term. Personally I am rather disgusted by the name and the results from Google that pull up. Actually with all the sick-minded people in this world...you might actually get a solid value out of it if you can get past your morals. Imagine the domain getting developed and your name is in whois history.

 

[Jasonn]

I check out estibot whenever I need a pick-me-up for my domains. Even brand new regs are all worth xx,xxx. I don't take it seriously of course.