It can be a very useful tool, but only as an "ESTIMATE" and an estimate of potential value. Here is how I use it as a tool:
- A domain that Estibot thinks is worthless may have value for the right buyer, but it may be very hard to find that buyer. If you are trying to decide between two domains and one is $0 and one is $500 buying the domain with an estimate of $500 may make sense. But if you have a feeling that the $0 may sell, then get that one. As time goes on you will learn more and be able to tell when to go against Estibot's advice.
- If a domain has an estimate of over $1,000 then you should get it because there is a good chance you can put it up for sale here on NamePros and sell it for $5, maybe even $20. But maybe not.
- If a domain has an estimate of $2,000 to $5,000 then buy that domain. There is a very good chance that you can sell it for $30, maybe even $35.
- Watch some sales threads here or other sites like DNJournal.com and put domains that have sold into Estibot. See what prices look like to actual sales prices. This will give you an idea how much you can trust what Estibot says.