Estibot appraisals

[aussie]

Hi All

I put my domain name ManilaMassage.com thru the www.estibot.com appraisal service and got a value off $1,500 for the domain .

How reliable is that appraisal , or does it get back to , its worth what a buyer is prepared to pay .

Thanks

 

[Jeff]

How reliable is that appraisal , or does it get back to , its worth what a buyer is prepared to pay ...

It's only worth what a buyer is willing to pay ... and generally speaking, and all due respect, from what I've seen posted here and by many, many new/newer members in the Appraisals Forum™ these Estibot "appraisals" are often far off the mark in their valuations IMHO.

If Estibot can substantiate and do more to validate its service with documenting domains having been completed and sold that were previously appraised by its methods, etc. then many here, I feel, would be greatly appreciative in advancing this platform in my view. :gl:
-Jeff

 

[Morph]

If you check the Estibot thread, there are regular Estibot Says: Sales Price: comparisons.

Some are very accurate, some have room for improvement.
Estibot is the only serious player in automated appraisals.

 

[Jeff]

Always room for improvement, IMHO ... and - again, considering the amount of recent appraisals threads that I'm seeing in which new/newer members seem to be relying too much on unrealistic Estibot appraisals - it's always good to slow things down and discuss ways in which to improve "realistic" appraisal ranges and add to the documented database of verified, completed, sold domains (important: in which Estibot itself appraised - along with their specific appraisal numbers - them prior to sale), IMHO. :gl:

-Jeff

 

[VisionEdger]

stay away from it! it will give u a sense of false security. investigate what the actual sales are on sites like dnjournal, NOT estimates . its total bs!!!

 

[estibot.com]

Guys, first it's worth once more repeating here the highly visible disclaimer on the Estibot.com results page:

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

Before you buy or sell, EstiBot recommends that you check the NameBio database for market prices. Also, consider getting a Professional Appraisal and ask the experts at NamePros .

Next, please read this post. I've explained many things in depth:
http://www.namepros.com/2480362-post46.html

In summary, Estibot is just a tool that can help the user analyze domain names. It is also an experimental auto-appraiser - in beta test. It is my laboratory in my my quest to find a way to estimate ballpark domain name value by linguistic and mathematical methods.

Estibot tries to estimate a dollar value that a motivated buyer might pay, assuming such a buyer is found and the domain is sold. Estibot does not guarantee that a domain name gets sold - 99% of domain names never get sold.

Bear in mind that just about any remotely sensible domain name can be sold at $1k+ to a motivated buyer (end user).

Nowhere on Estibot does it say that you should abandon your own brain and blindly trust the dollar value - you have to use your own head, too

Having said that, I have already tested Estibot with tens of thousands of domain names, and statistically it is accurate - meaning that on the average, the appraisals correlate well to actual sale prices.

Of course, this also means that some appraisals are far too low, some are far too high, many are in the right ballpark, and the rest is somewhere between. This is just the best that an automated appraisal program can do right now. I keep working to make it better.
------


Jeff, thank you for your comments and I agree about the validation by public predictions.

If Estibot can substantiate and do more to validate its service with documenting domains having been completed and sold that were previously appraised by its methods, etc. then many here, I feel, would be greatly appreciative in advancing this platform in my view.

I wish I had more time on my hands to do more of that, but I've done that a few times, and hope to do some more again soon, here are the corresponding posts:

.com, .net
Predictions posted here before the sales:
http://www.namepros.com/2485934-post248.html
results here:
http://www.namepros.com/2497131-post252.html

.mobi
Predictions posted here before sales:
http://www.namepros.com/2275933-post183.html
Results here:
http://www.namepros.com/2317364-post205.html

stay away from it! it will give u a sense of false security

That is not my intention, and if you read the guide and my numerous, numerous posts here on Namepros, you should not let estibot give you a false sense of security. The information is there - if you use it, please don't stare at the dollar value. Don't use it if you don't like it, but if you do use it, don't blame it for something it is not responsible for -> the (lack of) use of your own head.

It's like the woman who dried her cat in her microwave oven, then when the cat didn't survive it very well, she blamed and sued the oven manufacturer, because the instructions did not specifically say that she should not dry cats in her microwave oven.

Furthermore, Estibot's instructions specifically advise you against making purchase or sale decisions based on the appraisal.

The issues raised in this thread have been discussed here on NamePros many times over.

One thing I've always emphasized that it is a work in progress, and the appraisal value is an experimental way of providing a "quick-look" summary of the technical keyword analysis of the domain. Once you learn what it means, it can be a useful figure.

I've always stressed that I've designed the appraisals so that if you get a high appraisal -> it usually means the domain is worth a second look, nothing more. It's designed to alert you to possible value. The rest is up to you.


It's a tool, I originally designed it to help me quickly analyze domain names. Like any tool, you have to learn how to use it to your advantage. Too many people just stare at the appraisal value then don't agree with it and go posting "estibot sucks" or whatever

This addresses "too-high" valuations:

Domains with high keyword frequency but low search popularity tend to get exaggerated valuations by estibot. Explained here:
http://www.namepros.com/2451685-post41.html
http://www.namepros.com/2451128-post38.html
The whole thread here:
http://www.namepros.com/domain-name-discussion/413784-estibot.html

Often, the misuse of Estibot results in posting an "exaggerated appraisal":
http://www.namepros.com/2228423-post3.html

Explanations also here:
http://www.namepros.com/2497173-post2.html

On .com vs .net valuations and a great quote from DKH:
http://www.namepros.com/2411693-post14.html

 

[VisionEdger]

nice try esti but it still is simply a guide that leads to domainers especially newbies getting a false look at the REAL world of domains WHATEVER your descriptions of what estibot is. when a domain estimate comes up at say $300 and the REAL world value is $30 what does that mean then? it has NO value whatsoever. Its a great made and working site but it does give erroneous data that alot of people take to heart even tho you state the site is only a tool etc. .

However one positive not folks i will say at least you get stats.

 

[kemjika11]

Estibot isn't always correct, but with an appraisal of such price, the domain probably has some intrinsic value.

 

[VisualArtistFrankBonilla]

Guys, first it's worth once more repeating here the highly visible disclaimer on the Estibot.com results page:



Next, please read this post. I've explained many things in depth:
http://www.namepros.com/2480362-post46.html

In summary, Estibot is just a tool that can help the user analyze domain names. It is also an experimental auto-appraiser - in beta test. It is my laboratory in my my quest to find a way to estimate ballpark domain name value by linguistic and mathematical methods.

Estibot tries to estimate a dollar value that a motivated buyer might pay, assuming such a buyer is found and the domain is sold. Estibot does not guarantee that a domain name gets sold - 99% of domain names never get sold.

Bear in mind that just about any remotely sensible domain name can be sold at $1k+ to a motivated buyer (end user).

Nowhere on Estibot does it say that you should abandon your own brain and blindly trust the dollar value - you have to use your own head, too

Having said that, I have already tested Estibot with tens of thousands of domain names, and statistically it is accurate - meaning that on the average, the appraisals correlate well to actual sale prices.

Of course, this also means that some appraisals are far too low, some are far too high, many are in the right ballpark, and the rest is somewhere between. This is just the best that an automated appraisal program can do right now. I keep working to make it better.
------


Jeff, thank you for your comments and I agree about the validation by public predictions.



I wish I had more time on my hands to do more of that, but I've done that a few times, and hope to do some more again soon, here are the corresponding posts:

.com, .net
Predictions posted here before the sales:
http://www.namepros.com/2485934-post248.html
results here:
http://www.namepros.com/2497131-post252.html

.mobi
Predictions posted here before sales:
http://www.namepros.com/2275933-post183.html
Results here:
http://www.namepros.com/2317364-post205.html



That is not my intention, and if you read the guide and my numerous, numerous posts here on Namepros, you should not let estibot give you a false sense of security. The information is there - if you use it, please don't stare at the dollar value. Don't use it if you don't like it, but if you do use it, don't blame it for something it is not responsible for -> the (lack of) use of your own head.

It's like the woman who dried her cat in her microwave oven, then when the cat didn't survive it very well, she blamed and sued the oven manufacturer, because the instructions did not specifically say that she should not dry cats in her microwave oven.

Furthermore, Estibot's instructions specifically advise you against making purchase or sale decisions based on the appraisal.

The issues raised in this thread have been discussed here on NamePros many times over.

One thing I've always emphasized that it is a work in progress, and the appraisal value is an experimental way of providing a "quick-look" summary of the technical keyword analysis of the domain. Once you learn what it means, it can be a useful figure.

I've always stressed that I've designed the appraisals so that if you get a high appraisal -> it usually means the domain is worth a second look, nothing more. It's designed to alert you to possible value. The rest is up to you.


It's a tool, I originally designed it to help me quickly analyze domain names. Like any tool, you have to learn how to use it to your advantage. Too many people just stare at the appraisal value then don't agree with it and go posting "estibot sucks" or whatever

This addresses "too-high" valuations:

Domains with high keyword frequency but low search popularity tend to get exaggerated valuations by estibot. Explained here:
http://www.namepros.com/2451685-post41.html
http://www.namepros.com/2451128-post38.html
The whole thread here:
http://www.namepros.com/domain-name-discussion/413784-estibot.html

Often, the misuse of Estibot results in posting an "exaggerated appraisal":
http://www.namepros.com/2228423-post3.html

Explanations also here:
http://www.namepros.com/2497173-post2.html

On .com vs .net valuations and a great quote from DKH:
http://www.namepros.com/2411693-post14.html

I think Estibot is being more than fair, with his disclaimer,and his many posts. I can remember when I was a newbie, and regged many names at Registerfly.com. yes( ,those rotten %&^%&&^0!!!). Well, then I noticed that they would do appraisals, and I had to pay for them! Anyway, after appraising 20 or so, I soon realized I was a millionaire!!! Soon I was wondering whey I couldn't sell these domains that were worth $25,000, $15,000, $45,000 and so on. Alone came Namepros.com , I joined, did some learning, and now realized I wasn't a millionaire. :td:
At least Estibot has a discalimer, and tells you not to buy,or sell based on their esitmate. Of course, I don't know anyone who wouldn't sell for a high price if they could.
What I am saying is I guess the "newbie" excuse doesn't fly. If you are a newbie, you should be a member of NamePros.com, or other domain name forums. You should be visiting www.Sedo.com, www.NameBio.com , www.Dnjournal.com , www.Afternic.com , www.INF (for India domains), and sites that are their in your own local country.
I think what happens is what happened to me, it is a little bit of a fantasy. You want to believe that your domain is worth $xx,xxx , because someone else told you it is. You are just waiting for that first 1,2,3 to sell for $xx,xxx so you can prove to everyone that you are a "great" newbie! Of course, 99% of the time, it doesn't happen. IMHO
Frank

 

[Jeff]

Kudos to Estibot ... for the detailed post and clarification, IMHO. :music:

It's a good, constructive conversation to have, as well as a gentle reminder to those that may be new / newer ... Estibot is not the "end all, be all" for your domain names and their potential sales values in the near term! As stated above, rather ... " (it) is just the best that an automated appraisal program can do right now. I keep working to make it better." It's not perfect, and one should seek other appraisals and input (including development ideas) for their domain names ... namely here in the #1 Namepros Appraisals™ Forum, IMHO. :talk:

I especially applaud the efforts to expand the database of validation by public predictions, as well ... as discussed above. :music:
Thanks kindly.
-Jeff

 

[metronome]

I have to agree that estibot is just like some metric.

let's say you want to register a domain name, but you are thrown between 2 options. You can't decide.

so u go to estibot and put both domain names
if one of them comes out 14000 and one others comes out 1400, it only means that estibot thinks the 14000 $ domain name is at least 10 times more valuable than the 1400 $ domain name.

easy huh? estibot doesnt even force you to believe them, they just say what they think, not to mention in the disclaimer they say that the number in dollar is not to be taken literally.

 

[estibot.com]

.........sorry wrong thread. feel free to delete this post

 

[Pommy - The DN Doc]

Estibot is a valuable and FREE resource that collects together many metrics together with previous sales data. What are people complaining of? If it then goes on to offer a valuation, there is no gun that is put to one's head to act on that, infact there is a disclaimer.

Personally, I think that innovation is at risk of being stifled to protect people who would believe that a domain name is worth something cos a website told them so, if estibot simply closed the website down in response to criticisms.

 

[1john2004]

very general and mainly useless

 

[rkbdomain]

Startling Estibot Appraisal of NNNNN.com's

Check out this very interesting Estibot appraisal of an NNNNN.com portfolio here.

Numeric domains are the next "big thing" (which I think some people have been looking for around here recently ). Let me know what you think about the appraisal and my analysis. Thanks.