domain Estibot estimated 2 of my domains for 800usd and 120usd. True?

[yapzhanyang]

1) Performingloans.com --> 800 Usd from estibot

2) NiftyArt.com --> 120 Usd from estibot

Being a complete newbie, i've read threads about how appraisal website are not accurate so here i'm seeking advice. What should i do with the domain?

Any advice?

Thanks.

 

[Compassion]

Most of the matches for performing loans are coming from un-performing loans. This still is a good domain and could be developed into a loan site and could be a viable candidate for an end user to contact you at some point in the future.

Both domains are accurately appraised imo

 

[yapzhanyang]

Most of the matches for performing loans are coming from un-performing loans. This still is a good domain and could be developed into a loan site and could be a viable candidate for an end user to contact you at some point in the future.

Both domains are accurately appraised imo

if that's the case then i must be hella lucky because i started domaining a week ago by just buying a ebook to read.

After which i bought 20+ domains within days before i chanced upon namepros and seeing advices like buying only 1 or 2 domains a day if you are new.

In the end, sold quite a few for less than regfee , mostly 3-5 bucks and made a lost.

let's say if i want to sell it, where would you recommend me to sell at and how much should i be expecting?

thanks!

 

[Compassion]

you'll have to find an art gallery or someone who wants niftyart.com for a project.

For the other, you'll need an end user or a site with ads.

Neither will sell too easily for those amounts (as in not overnight) but with some efforts and some time any .com that makes sense can easily sell for xxx.

 

[yapzhanyang]

you'll have to find an art gallery or someone who wants niftyart.com for a project.

For the other, you'll need an end user or a site with ads.

Neither will sell too easily for those amounts (as in not overnight) but with some efforts and some time any .com that makes sense can easily sell for xxx.

Thanks.

But i don't quite understand what you mean by "a site with ads"? Do i need to put some adds on the site? But i have 0 knowledge on how programming works. hmm

 

[DubDubDubDot]

Estibot is garbage. Enter domains with known sales prices into it and see how close it is.

 

[ulasbbtr]

I think Estibot is not garbage and your argument is somewhat rude.

Estibot is a nice tool if you know how to use it, it gives an idea about a domain's value but not a domain's "exact value". To learn how to use it in a better way takes some time and effort.

 

[skahy]

The value in any tool like estibot is that you are comparing apples with apples and getting the relative value of each compared to the other rather than an absolute value of one.

 

[Kate]

The problem with Estibot is that it makes newbies believe they have gold in their hands. An automated tool is no substitution for common sense.
Regardless of the appraisal value you have to ask yourself if the names really have the potential to sell. An appraisal is just a rough figure assuming that you have an interested end user. That doesn't mean you can easily sell at that price.

 

[bmugford]

Estibot is a tool. While not perfect, it is a good starting guide. It still takes some common sense.

 

[BitcoinDK]

Performingloans.com:
Positive
- online credit is popular, so if you find a good end user, you might get good value.

Negative
- other TLD's are avaliable, thats hurts the value
- as TA told you "Most of the matches for performing loans are coming from un-performing loans"

Value: high $xx


NiftyArt.com
Positive
- catchy name
- easy to pronounce and remember

Negative
- other TLD's are avaliable, thats hurts the value
- not a popular topic
- plural would be better

Value: low $xx

Estibot.com is a great tool, to analyse the domain, but as it says in the website:
"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"

If I were you I would take time here in Namepros, read and search to get knowledge before you buy anymore domains. We all have made mistake, I know I have .

I must have the worst domains ever anyone has started out with

Here is some advise I got when I started out:

Generel
1. Make goals to where you see yourself in this domainbuisness in 1 year, 3 years, 5 years and 10 years. BE REALISTIC.

2. Split your domain investing in parts; for short time investment and long time investment.

3. If you dont plan to park the domains, make a website for each of your domains.

4. Make a plan for each of your domains. Park, minisite or unique site, decide before you buy the domain.

5. If you want to make a unique site, then develope a concept for the domain.

6. Market your domains through joining forums and smoothly drop in your links to your domains. This is the free mode style

7. As soon as you have bought each domain, submit your domain to Google, Yahoo and DMOZ, and all other search engines you can find.


Domains:
1. stick to .com, until you have experience.
2. No Numbers in domainname.
3. No Hyphens in domainname. Unless it is a very good domain.
4. MAYBE THE MOST IMPORTANT ADVISE, STAY AWAY FROM TRADEMARK DOMAINS!
5. Be sure that the domain, is REALLY pronounceable
6. If the .net and .org also are free, then take them too.

Good luck and best regards,

 

[yapzhanyang]

Thanks for the reply all. :hearts:

Performingloans.com:
Positive
- online credit is popular, so if you find a good end user, you might get good value.

Negative
- other TLD's are avaliable, thats hurts the value
- as TA told you "Most of the matches for performing loans are coming from un-performing loans"

Value: high $xx


NiftyArt.com
Positive
- catchy name
- easy to pronounce and remember

Negative
- other TLD's are avaliable, thats hurts the value
- not a popular topic
- plural would be better

Value: low $xx

In that case, should i just take up the .net and .org? Because from what i see here, it's about an illusion whether the other extension are taken so to show that if the domain name will worth more.

Here is some advise I got when I started out:

Generel


3. If you dont plan to park the domains, make a website for each of your domains.

4. Make a plan for each of your domains. Park, minisite or unique site, decide before you buy the domain.

5. If you want to make a unique site, then develope a concept for the domain.

6. Market your domains through joining forums and smoothly drop in your links to your domains. This is the free mode style

7. As soon as you have bought each domain, submit your domain to Google, Yahoo and DMOZ, and all other search engines you can find.



Good luck and best regards,

Maybe i'm too new to the internet world but i don't really understand the part where i have to develop it so that the domain name will rise in value.

Taken niftyart for example, i've no interest in arts how would i be able to develop anything art related? Furthermore, i've near 0 knowledge in creating website.

And from my understanding, by developing a website and submitting it to search engines won't bring you in traffic. You have to market it, SEO it, which is not within the scope of a 'normal' domainer? lol

Or did i have a wrong approach to domaining from the start because i only had buy and sell the domain in mind and things like creating/developing website never crossed my mind.

Do enlighten me if there's something wrong with my understanding! Really thanks!

 

[BitcoinDK]

Regarding the other extensions, IMO the domain market is like all other business :
- supply and demand.

If we say blablabla.com is for sale and blablabla.net and .org is avaliable then the value of .com will not be as much as if the other extensions was not avaliable. Of course this all depends on what the buyer wants to do with the domain.

Regarding developing:
You must have misunderstood, you dont have to develope to increase the value, but for some domains it is better to develope to be able to sell it. But it is not a must.

The point is, that you have to decide before you buy, what you want to do with the domain,

- decide if it is short or long time investment, cause it has an effect on what domains to invest in.

- decide what to do with the domain, park, minisite or develope to unique site, this also has a effect to what domains to invest in.

So the main point is, dont just buy because you think it sounds nice, investigate and make a plan to what to do with the domain, before you invest.

Best regards,