domain Estibot.com says: this domain is worth $964,676 !

[jaro]

A couple of weeks ago I have registered RateOf.com that has been appraised by EstiBot.com as $330,000. Of course, everybody appraised it as "Reg Fee". This thread is here.
After a couple of days I have sold it for $62 on Bazaar

Now I have registered:
SearchOf.net

Information from EstiBot.com:
Domain SearchOf.net
Keywords search of
Frequency 70,800,000
Anchor Text 375,000
Title 957,000
Searches/mo 3487509
EstiBot Valuation USD 964,676


I know that It's worth much much less, but anyway, I couldn't resist

In your opinion what is the real value of this domain?

BTW. Josh1, thanks a lot for EstiBot. This is REALLY great tool and in 99,9 % of cases it places domain values in the right ballpark.

 

[poiuytrewq]

Why on earth would someone wanna use an automated appraisal system? It's ridiculous. OK, let's suppose a name gets valued at 125K but you don't sell it.

What does that prove?

I have a better appraisal system.

Your domain is worth nothing until someone buys it. Then it's worth whatever they paid for it!

Simple, honest, accurate and it works.

A domain is not like a car or a house, alot of it's value is subjective. HomeForeclosures.com sold at TRAFFIC for 90K - Estibot says 3K - I would have said regfee.

So how useful is that?

Sorry to be so negative.

 

[run269]

^^^--- Idiot

nuff said...

 

[Damion]

^^ Namecalling...Great display of community spirit ^^

In my opinion automated appraisal systems are nice gimmicks and that's all there is to it.
You can't program a piece of software to be a successful stand up comedian - that is something no robot or code can ever replace, the same applies to domain appraisals.

Automated appraisals do more harm then good in my opinion for the secondary domain market.

 

[briman1970]

nuff said...

Namecalling is not appropriate. You won't go very far here if you keep that up.

In my opinion automated appraisal systems are nice gimmicks and that's all there is to it.
You can't program a piece of software to be a successful stand up comedian - that is something no robot or code can ever replace, the same applies to domain appraisals.

Automated appraisals do more harm then good in my opinion for the secondary domain market.

I used to agree with you Damion until I found Estibot. I think it's a remarkable and valuable tool, as long as it's used in combination with solid research and appraisals from seasoned domainers.

A domain is not like a car or a house, alot of it's value is subjective. HomeForeclosures.com sold at TRAFFIC for 90K - Estibot says 3K - I would have said regfee.

No offense Amazed, but reg fee on HomeForeclosures.com?!?! I hope you were kidding around, because that's just crazy talk. :p

 

[htmlindex]

Reg fee

 

[DNWizardX9]

General usage of the term "IDN domain" is not limited to foreign language domain, it encompasses all domain names with non-ASCII characters. But I do agree that the vast majority of these domains are non-English language domains. Same rules apply for thoroughly evaluating a domain name, whether in English or any other language: Knowledge of the language is good, but a complete evaluation requires also understanding of the local culture and market-specific knowledge. Of course, automatic appraisal programs cannot do that.

As emphasized before, EstiBot is intended to be used as one tool in the process of critical human appraisal of a domain name. It can provide keyword data and a ballpark value estimate as a reference or a starting point.

Estibot can do that for IDN domains: they are simply run through the same routine, evaluating monthly searches, term frequency, backlinks, previous sales and so on.

I haven't been able to get Japanese/Chinese/Russian/Arabic characters to work.
[EDIT: Might work if the mySQL database was collated as unicode, I don't know how to do that for an existing DB though, anyone?]

Here are some examples of recent IDN sales compared to EstiBot appraisals:
Köln.at 840 USD 190
librería.org 500 USD 817
könig.com 2,140 USD 15,413
ferienunterkünfte.de 670 USD 70
streichhölzer.com 2,297 USD 1,152
führerschein.info 1,970 USD 159
câble.com 3,070 USD 13,292
schönezähne.com 1,171 USD 759

This is proof of concept that auto-appraising IDN domains is quite possible.

A more important challenge is matching the domain name language to the ccTLD, which would enable me to give proper weight to a matching domain name - ccTLD combination. I'm working on that.

As always, there is room for improvement and I welcome all suggestions during this BETA test phase.

Cheers
Josh

congrats - all of your numbers are way off base from the sale. (some as much as 50%)

what are you trying to prove

 

[estibot.com]

.................

 

[rawandy]

congrats - all of your numbers are way off base from the sale. (some as much as 50%)

what are you trying to prove

No need to be rude, he just told us how estibot works, and also showed us some results.

If a domain gets appraised to lets say $10.000 , and it sells for $5640, you can't just come out and say "your appraisal is out of wack", because it simply isnt, the owner just sold it too cheap. Thats how I see it anyways!.

Cheers,
Andree

 

[user-7256]

[EDIT: Might work if the mySQL database was collated as unicode, I don't know how to do that for an existing DB though, anyone?]

Do you use phpMyAdmin or have it installed on your server at all? If so, I may be able to help.



See, computer appraisals really do raise an interesting question: Are these (EstiBot, DomainTops, LeapFish) computer-generated appraisals trustworthy?

The answer is definitive: No. They are not. But these are not computer-generated appraisals; they are AUTOMATED. It would be no different if a human ran these appraisals manually and used the same fancy numbers and mathematical operations, but with a computer it just goes immensely faster.

Realistically, no appraisals yet are "computer-generated" since all their operations are programmed by humans and the numbers are hard-coded into the system. (I guarantee you LeapFish does not use dynamic market stats, and I don't think EstiBot uses dynamic market stats either; DomainTops almost does... I know it sucks right now though) -- they just do what a human would except faster.

So at what point does an appraisal algorithm become truly dynamic without human intervention?

I figure the limit is at the point of the algorithm's foundation. I've studied Artificial Intelligence (AI) for about 4 years now (not formally...) and I think I can safely say that a computer that is programmed to write its own functions can be considered "intelligent" - (not "conscious" or anything but let's not go there right now anyway) -- so if the system can write its own appraisal algorithm with only a few things, e.g: "Okay, just use these resources to gather information and in the end give me these statistics and display these numbers..." - without actually typing the operations or numbers, in this case, would be "computer-generated."

By the way, if anybody is interested in doing this with DomainTops (I have this concept started, I need a team to help me assemble it), PM me.

 

[NameCharger]

I just ran a domain through Estibot, capitalizing keywords valued at $470, not capitalizing keywords valued at $34.

6 months ago, this domain sold for over $10k.

Is this not factored in Estibot's algorithm?

 

[gazzip]

I just ran a domain through Estibot, capitalizing keywords valued at $470, not capitalizing keywords valued at $34.

I just tried a two word name in DomainTops.com and entered $20 for the amount of revenue it makes per month.

It says the domain is worth $18 :lol: hmmm...how does that work ?

Silly things !

.

 

[user-7256]

I just tried a two word name in DomainTops.com and entered $20 for the amount of revenue it makes per month.

It says the domain is worth $18 :lol: hmmm...how does that work ?

Silly things !

.

Even I'm not sure :D Will go look into that when I have a moment.

 

[estibot.com]

I just ran a domain through Estibot, capitalizing keywords valued at $470, not capitalizing keywords valued at $34.

6 months ago, this domain sold for over $10k.

Is this not factored in Estibot's algorithm?

In a word, no, it's not. EstiBot does not check for individual domains, because my aim is to make a universal algorithm. EstiBot analyzes sales of similar domains and puts them all together for a statistical analysis and then tries to extrapolate the value of any given name based on that analysis.

It would be easy for me to make EstiBot check for individual domain sales and then produce a similar appraisal for the user's pleasure, but I would consider that bad form, and that would not be useful anyway.

If a domain has been recently sold for $10,000, the owner does not need an appraisal from EstiBot or anywhere else - his/her time will be much better spent thinking of ways to increase the domain's value!

EstiBot is not intended to repeat previous domain sale figures (NameBio is good for checking those), but it is meant to be a tool to help the user valuate a name that has not been sold recently or at all. After all, 99% of our domains have never been sold, and those are the ones we need appraisals for.

Could you PM me the name though, it would help me to analyze why EstiBot is undervaluating it?

PS: I'm releasing a major update tonight. Now featuring automatic keyword detection (no more capitalization), typo domain appraisal, and more!

Thanks!
Josh

 

[NameCharger]

Could you PM me the name though, it would help me to analyze why EstiBot is undervaluating it?

Sure, PM sent.