Estibot estimation is just bizarre

[james2002]

I am surprised when I check some domains with estibot and I think it is unreliable, IMO.

For example, when I checked "discountwebhosting.com", it said only worth $90. But I know that it was sold for around $30,000 and it is very good domain.

I think estibot is good to automatically check nambio for domain sale prices for its estimation. It just takes around 5-10 % off the domain sale price.

For example, when I checked "themortgage.com" , it said "$490,000". When I checked "eflowers.com", it is around 5-10 % off the sale price.

I also check some of other premium domains (which have not been sold) but results were disappointing.

I now concluded that estibot is not reliable and it will be waste of time to check the domain value with that. But there might be other good tools for domainers.

 

[MaguirePhD]

Thanks JGK:

The reason I pursued this is that these are two word common terms in the .asia extension.

The estimated values run from $68,000-$200,000.

My thinking was leaning towards: " If Estibot is 80% inaccurate, then there still is some marginal value. "

Of course, I am making the leap from .com values to .asia.

Doc

 

[james2002]

Thanks JGK:

The reason I pursued this is that these are two word common terms in the .asia extension.

The estimated values run from $68,000-$200,000.

My thinking was leaning towards: " If Estibot is 80% inaccurate, then there still is some marginal value. "

Of course, I am making the leap from .com values to .asia.

Doc

I don't think you can take .com estimation for .asia domains. .com domains will be hundred times more expensive than its counter parts with .asia extension. Look at sex.com and sex.asia. I registered one word .asia domains with only xx while its counter part with .com extension may be around xxxxx to xxxxxxx.

 

[MaguirePhD]

Thanks...

Thanks for all your advice and I will still roll the dice. Tere are 30 of them, so less than $850.

My wife spends that on a silly Barbie doll. Has a collection " valued " at 250k.

Yeah, until you try to sell it, right?

Thanks again for your input, as it is greatly appreciated.

Doc

 

[estibot.com]

is there any data showing the estibot valuation the day prior to a confirmed sale over time?

I've posted some here on namepros, dates can be verified by post date.

com, net predictions:
http://www.namepros.com/2485934-post248.html
results:
http://www.namepros.com/2497131-post252.html

mobi predictions:
http://www.namepros.com/2275933-post183.html
results:
http://www.namepros.com/2317364-post205.html

Before using Estibot, it's worth checking out the user's guide, disclaimers and other documentation on the site - the limitations are discussed there, and most of the issues that regularly pop up here on the forum (such as the present one) have already been discussed in the User's Guide.

The appraisal algorithm is a work in progress. Technical analysis can go a long way in domain valuation, the current algo is fairly good but it can be a lot better, given better data and some more time. As pointed out in this thread, the "wow" and "duh" factors are truly something that an automatic algorithm cannot do. AN automatic appraisal can be helpful, e.g. for large portfolios (see how long it takes to appraise 100,000 domains manually), for a quick check, and so on, but obviously it can make mistakes (so can humans) and the valuation can only work as one of many factors helping the domainer to collect data about his/her domain name in the process of domain valuation.

Estibot is really a research project - I want to see how my technical analysis and valuation model can be used to achieve a truly useful industry-strength bulk valuator. For instance, getting a 100,000 domain portfolio appraised by paid appraisal services could take months and cost a million bucks - Estibot could do it in minutes at very little cost. It's still quite some way from being a validated method for industry purposes, but I have identified the reasons for its shortcomings and it's basically just a matter of time and resources.

Lately I've been focusing on developing domain research tools such as the long-tail search tool and available domain finder so I haven't updated the appraisal algorithm since last december, but I hope to get back to improving that soon.

Thanks
-Esa

By the way here's another old post of mine explaining some of these things and links to further explanations:
http://www.namepros.com/2554874-post6.html

 

[Aceredbaron]

For a domainer newbie who has no experience estibot is a fair tool to find out metrics like backlinks, overture, wordtracker etc., and get a rough idea about a domain.

As Esa says the algorithm is a work in progress and as time goes on estibot can
incorporate past history and current trends to bring about more accurate appraisals.