advice Estimated value

[Hi im wolf]

Hello everyone, new member here, got into domain names in the past few days and trying to get involved in this community!
I was wondering if there's a certain estimated value point past which a certain domain name becomes valuable.
Which ones should I keep or discard?
Right now I'm keeping every domain name I'm finding out from the $800 to $2400 range (highest value I've found so far), registering only a bunch of the highest ones.
(I'm using the free domain name appraisal from godaddy).
Let me know what you all think, any advice is much appreciated on the topic!
Thanks for your time.

 

[pinkdragon]

Don't use automated appraisals. Forget about them.

Stop spending money, and read this forum for at least 1 month.

Check Namebio sales daily.

 

[Mister Funsky]

Hello and welcome. As said above, stop registering and start reading and take notes along the way (lots of info to learn).

Most of us here went down the same/similar path in the beginning. DO NOT rely on automated appraisal bots. Domaining is a marathon, not a sprint so buckle down for a long haul. It can pay off but it takes lots of time. Best of luck to you.

 

[th3key123]

Think as an investor, how to evaluate opportunities, the strategy to follow to make profit, how to multiply the value as @redemo explained it many times, how to reach targeted customer, ...

the path i'm following :
1 - NamePros : @Bob Hawkes blogs, other contributor blogs and answers, News, Search bar, External links
2 - listening to domainnamewire podcasts
3 - other resources

"the more we learn the more we earn" as Warren Buffett said.

 

[redemo]

Godaddy appraisal is designed to make newbies buy worthless domain names. The only way to stop this is for Godaddy to post a disclaimer on the appraisal tool which reads " this tool is designed to make newbies like you buy worthless domain names " but unfortunately in business profit and corporate partnerships often come before honesty. The Godaddy appraisal tool is a total waste of time and if you look into the " similar sales " you will notice how long ago those sales took place. Not relevant to 2022 in the slightest. Detailed research is your friend.

 

[redemo]

The chances of you selling a registered-by-hand domain name for profit as a complete beginner is slim to non-existent. Rather than invest $ 10 in 50 crappy domain names better to invest $ 500 in one above average domain name. Single word domain names are the holy grail for sellers. Better to own one single word domain than 50 or 100 crappy ones. As a seller you should also not just limit yourself to dot com. Look at the daily sales to see what's selling and follow / read @Bob Hawkes blog. Also don't limit yourself to just selling domain names. There are also many other ways to monetise your domain names.

 

[redemo]

You will go far @rafiklebylka with this wise approach.

 

[Hi im wolf]

Hello and welcome. As said above, stop registering and start reading and take notes along the way (lots of info to learn).

Most of us here went down the same/similar path in the beginning. DO NOT rely on automated appraisal bots. Domaining is a marathon, not a sprint so buckle down for a long haul. It can pay off but it takes lots of time. Best of luck to you.

Thank you. As I started only a few days ago, the only way for me to get any type of value or path was to rely on that automated estimate, I guess it's time to drop it. I'm willing to invest my time into this and yea, I figured it takes a lot of time, years seems like.
Besides checking daily Namebio, is there any reliable source where I could learn more about this whole subject?

 

[biggie]

What do you think?

Hi

none have any appeal from my perspective


imo..

 

[Lox]

I was wondering if there's a certain estimated value point past which a certain domain name becomes valuable.

# Think (research f.e. science) about where the world is going... min. 3+ years upfront.
1. Think like an Investor, not as a Trader
(If you aren't willing to own a domain for ten years, don't even think about reg./acquiring)
2. Understand business models (industry, sector / niche, geo, customer culture & habits)
3. The size of the customer base of a company / prospect
(Without a customer base, your names/naming will almost certainly fail)
4. Evaluate the Risk / Reward ($ Investment + $ Research Time + $% Holding Time (10 years) + Market size + Inflation = Price)
5. Referral traffic sources are meant to yield sales vs Landing page traffic.

Success!

Regards

 

[Lox]

Thanks for the useful reply.
Could you explain me point 5?

The most important thing you can marketing in domain business is yourself (authority = referrals). Instead of pushing domains; Communicate (share) your knowledge / opinions, skills and experience (value) & market yourself via social.

Regards

 

[Hi im wolf]

The chances of you selling a registered-by-hand domain name for profit as a complete beginner is slim to non-existent. Rather than invest $ 10 in 50 crappy domain names better to invest $ 500 in one above average domain name. Single word domain names are the holy grail for sellers. Better to own one single word domain than 50 or 100 crappy ones. As a seller you should also not just limit yourself to dot com. Look at the daily sales to see what's selling and follow / read @Bob Hawkes blog. Also don't limit yourself to just selling domain names. There are also many other ways to monetise your domain names.

You mean allowing paid ads per click?

 

[Hi im wolf]

Don't use automated appraisals. Forget about them.

Stop spending money, and read this forum for at least 1 month.

Check Namebio sales daily.

Thanks for replying.
Should I use the "Appraisals" section here on the forum?

 

[pinkdragon]

Yes.

 

[Mister Funsky]

is there any source where I could learn more about this whole subject?

There are a few paid services that can be helpful but it is far too early for you to spend money on those.

I learned by very expensive trial and error...you are fortunate to have namepros to help you learn. The search function is your new best friend...do a search for 'domain beginners' and take notes...no matter how bright you may be, there is a ton of info to absorb.

 

[Hi im wolf]

Godaddy appraisal is designed to make newbies buy worthless domain names. The only way to stop this is for Godaddy to post a disclaimer on the appraisal tool which reads " this tool is designed to make newbies like you buy worthless domain names " but unfortunately in business profit and corporate partnerships often come before honesty. The Godaddy appraisal tool is a total waste of time and if you look into the " similar sales " you will notice how long ago those sales took place. Not relevant to 2022 in the slightest. Detailed research is your friend.

Yea I was unaware of this, some users told me a few hours ago that I should drop that tool, so I'm following your advice, I was using it as it was my only source of valuation before joining this forum.

 

[Hi im wolf]

# Think (research f.e. science) about where the world is going... min. 3+ years upfront.
1. Think like an Investor, not as a Trader
(If you aren't willing to own a domain for ten years, don't even think about reg./acquiring)
2. Understand business models (industry, sector / niche, geo, customer culture & habits)
3. The size of the customer base of a company / prospect
(Without a customer base, your names/naming will almost certainly fail)
4. Evaluate the Risk / Reward ($ Investment + $ Research Time + $% Holding Time (10 years) + Market size + Inflation = Price)
5. Referral traffic sources are meant to yield sales vs Landing page traffic.

Success!

Regards

Thanks for the useful reply.
Could you explain me point 5?

 

[th3key123]

You will go far @rafiklebylka with this wise approach.

Thank you, i really appreciate it

 

[Revisiting]

Regarding your domain names
Well at least they are short, thats always a plus when your looking to contrive 'Brandable' domains. The problem is these type of domains can be made-up all day long. They are nonspecific nothings. None are eye-catching or market focused. Sure there are millions of similar domains registered but 99.9% of them are also going nowhere. Domains are a 'Best-Odds' Bet. Gambling on 1000 to 1 shots is not going to see you make any money.
Unless you have a background in marketing your probably best focusing on areas that you either have a passion for at least some background experience in. Then ask yourself, do you have a good understanding of how this area/subject is taken to market. What works for this market segment today and in the past ?

 

[tiletalk]

a good starting point is GD domain valued at over 2k. anything less then it means someone already thought about it

 

[Revisiting]

I get your point, learning how to attract people to a certain market is key to understand what works best.
A quick question, am I just wasting time trying to find a non-registered domain name because all the good ones are already taken?
Should I rather focus on spending a few hundreds on something that makes sense and stick with it till another person thinks it has some potential and buys it?

Hi, my personal opinion, Is your not wasting your time if you have an understanding of a 'Specific' markets direction/ it's growth and spin-offs. Of course the days of finding recognised gems is long gone. Developing markets are probably the best newcomer area to explore. There's nothing wrong with jumping on a bandwagon providing you recognised it at an early stage - long before all the best domains are taken.. (staying clear of trademarks)..
Gambling on your own intuition, can mean simple product/service ideas that haven't yet reached their full market potential. Obviously you then have to have the skill (marketing) to recognise that short 'Impact statement' that makes a winning domain.

 

[tiletalk]

Well luxurysip.com is valued at $2417 by GD.

I like the name tbh

 

[john888]

LAYBIO is a nice 6 letter one. You can hold it for a while and maybe the herbal products company may want to shorten their domain. Or it may have been available to reg and they just didn't want the shorter domain.

 

[Hi im wolf]

Alright time to study and take notes!
What do you suggest I should do with the domains I've already registered?
I've registered five so far, about $85 (plus auction registration on godaddy).

 

[biggie]

As I started only a few days ago, the only way for me to get any type of value or path was to rely on that automated estimate,

Hi

since you started only a few days ago.... then how did you find domains or think about registering domains to resell for profit?

What do you suggest I should do with the domains I've already registered?
I've registered five so far, about $85 (plus auction registration on godaddy).

Hi
since we/i don't know what names you acquired, then how can we say what to do with them?

best mental position to put yourself in right now, is to consider the $85 spent, as your down payment to the learning curve you think you want to ride on.

Good Luck!

imo...