NameSilo

GoDaddy Appraised Values...help or hurt?

Located in General Domain Discussion, started by Dustie, May 24, 2019

Replies:
30
Views:
1,722

  1. Dustie

    Dustie Upgraded Member Blue Account ★★★★★★★★★★

    Posts:
    350
    Likes Received:
    347
    I should be selling all day long... I looked up one of my domain names on GoDaddy, for example Yrces.com, and I'm asking 250.00 and underneath of it Go Daddy says it's valued at 1103.00? If someone wanted the name would the high valuation compared to my lower price make them wonder if there's something wrong with the name? Where do they come up with these valuations anyway? They are all much higher then what I'm asking for most my domains.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Andrew Knox

    Andrew Knox Top Contributor VIP Gold Account

    Posts:
    2,431
    Likes Received:
    1,159
    Maybe or maybe they'll think that they're getting a bargain. That's irrelevant if they're not seeing your names. I believe that the valuations are affected by things like past sales, search volume, TMs, etc
     
  3. lock

    lock DomainUsed.com VIP

    Posts:
    4,281
    Likes Received:
    3,967
    When you find a bot with a wallet let us know. The higher the price the more commission..
     
  4. simran.net

    simran.net ApparelBay.com VIP ★★★★★★★★★★

    Posts:
    6,449
    Likes Received:
    439
    Automatic appraisals are gambling. Always too high or too low. No reality
     
  5. DomainRecap

    DomainRecap Top Contributor VIP

    Posts:
    3,391
    Likes Received:
    3,044
    The actual dollar amount is totally arbitrary, as domain appraisal to the dollar is impossible, but I have found (along with other factors and tools) that the relative ranking of domains by appraisal value can be useful, as in "X domain may be a better investment than Y domain".

    For example, if you find a GoDaddy domain auction valued at $10K and another at $1K I can almost guarantee that the $10K domain would sell for more on the open market than the $1K. How much more? It depends on how good of a salesman you are, but I still find the appraisal value useful as a tool when comparing domains.

    I think of it more like positional grading, where its position in the hierarchy means more than the actual dollar amount.
     
    Last edited: May 24, 2019
  6. Mister Funsky

    Mister Funsky Top Contributor VIP

    Posts:
    3,789
    Likes Received:
    12,817
    I do not have a single domain with a sale price lower than the daddys (or anyone's) 'suggested' pricing.

    If you don't ask for more, you will not get more. :xf.smile:
     
  7. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

    Posts:
    13,703
    Likes Received:
    16,174
    Automated appraisals are worth what you paid for them. They can be useful but not reliable.
     
  8. Dustie

    Dustie Upgraded Member Blue Account ★★★★★★★★★★

    Posts:
    350
    Likes Received:
    347
    Very good point! Thank you. Thank all of you for your help here!
     
  9. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP Gold Account Trusted Blogger

    Posts:
    6,401
    Likes Received:
    17,873
    We all know that automated appraisals often vary widely from each other and sales prices. GoDaddy GoValue seems to price lots of .com not much different than $1000, not always obviously. One factor to keep in mind is that more and more users are consulting them. If the bot evaluation is more than your price, this can help you (and the opposite of course). Afternic reported that the close of sale stats went up significantly when valuation metrics were added.

    Bob
     
  10. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

    Posts:
    13,703
    Likes Received:
    16,174
    I would add that an automated appraisal, doesn't imply demand for a domain. Registrations in other TLD's is a much better indicator.
     
  11. Dustie

    Dustie Upgraded Member Blue Account ★★★★★★★★★★

    Posts:
    350
    Likes Received:
    347
    Where do you find registrations in other TLD's? I've been a member for awhile but I've been gone even longer from the biz so am still in learning stage for sure.
     
  12. Dustie

    Dustie Upgraded Member Blue Account ★★★★★★★★★★

    Posts:
    350
    Likes Received:
    347
    Bob, I like your digital Art portrait Icon. ;)
     
  13. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP Gold Account Trusted Blogger

    Posts:
    6,401
    Likes Received:
    17,873
    If you go to dofo.com among the many things it can show you is how many TLDs are for sale, registered but not for sale, and available. There are other ways bit I like dofo as you can quickly see the BIN prices from the marketplace listings.

    Bob

    Ps Thanks for comment on icon image - just generated with one of those cartoon apps.
     
  14. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

    Posts:
    13,703
    Likes Received:
    16,174
    whois.domaintools.com ( shows other tlds on the right side ), domainiq.com.

    Another tool by a member here will let you check every domain registered by keyword,. Can't remember the site. dufu or something like that.
     
    Last edited: May 25, 2019
  15. Dustie

    Dustie Upgraded Member Blue Account ★★★★★★★★★★

    Posts:
    350
    Likes Received:
    347
    Thanks Bob...Dofo was helpful!
     
  16. getakash1

    getakash1 Akash Jain

    Posts:
    499
    Likes Received:
    33
    I don't feel appraised value are to the point. Sometimes it is too low and sometimes too high.
     
  17. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

    Posts:
    2,666
    Likes Received:
    2,016
    Dustie....most all domains I buy are bought directly via GD's valuation page where I also search for available domains. I bet I search/research no fewer than a hundred domain names a day, and buy at least 3 domains a day on average. Your post actually prompted me to buy Myrdur.com mostly because I like it, and I only own a few domains that are misspelled on purpose.GD values Myrdur at $1,118 and it has one more letter than Yrces.com that GD values at $1,103. Why? I haven't a clue? What's also interesting, checking Hosterstats.com Yrces was first registered in 2004-2010, then 2016-2017 and picked up again in 2017 to now. Curious, and you don't need to answer, but did you register it new in 2017 or did you buy it elsewhere?

    I said the main reason I bought Myrdur is because i like it, and it's pronounced, Murder but has the same look and feel to me. Curios again, does Yrces resemble anything or did you just like it? Another interesting point is Myrder is available to register today, and while it had been registered on and off from 2005-2017, GD has it valued at $1,113 or $5 less than the name I just hand registered.

    Not only is this game fun Dustie, it's more interesting than most anything I've ever done, and I think the mystique of valuations and appraisals only adds to the fun:xf.smile:

    Thanks for the thread Dustie, and good luck!
     
  18. Dustie

    Dustie Upgraded Member Blue Account ★★★★★★★★★★

    Posts:
    350
    Likes Received:
    347
    Wow..thanks ThatNameGuy! Very well thought out. I bought Yrces in 2017 for reg...I liked the look of it and the fact that it was a 5 letter name. I also like Myrder.com. Thinking about it...
     
  19. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

    Posts:
    2,666
    Likes Received:
    2,016
    Dustie...just as an fyi...i own Myrdur with a "u" instead of Myrder with an "e". However, it's available to hand reg with an "e" if someone wants it. It's no big deal, but GD values it greater with the "u" than the "e" despite it's never been reg'd until yesterday. Thanks again for the thread Dustie(y)
     
  20. Joe Nichols

    Joe Nichols Common sense consultant VIP

    Posts:
    2,368
    Likes Received:
    5,380
    Just be careful with getting too cute on these types of misspellings. They can work if they're built around a desirable keyword, but building it around a word like "murder" is likely to result in wasted time and money. The connotation is naturally very negative, and Murder.com is not even developed into a site, so you would likely need to get very lucky to find an end user willing to pay anything.

    Even if an end user were interested in building a site around a misspelling of murder, is this really the one they would want? Or would they pursue mirder, merder, murdir, murdyr, mirdir, merdir, merdyr.....? This is the problem with misspelled names. All the other options dilute your chances of a sale, and when the name is built from an unpopular keyword, your odds are almost nil.
     
  21. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

    Posts:
    11,017
    Likes Received:
    10,968
    As stated above what is the end user market for such a negative keyword, especially so heavily misspelled. Your only guide is an appraisal system which is heavily weighted for newbies using that as a guide to buy domains nobody else wants simply based on the fact they have a perceived automated value.
     
  22. namemarket

    namemarket Top Contributor VIP ★★★★★★★★★★

    Posts:
    1,208
    Likes Received:
    965
    I am relying more and more on GD valuations which I think are often valid and reasonable (with important exceptions of course). One strategy I have been doing is if I feel GD is too low instead of using it as a BIN I use the GD as a Minimum Offer i.e. my BIN $2,899 and GD valuation price set as a min offer $1,158 for example.
     
    Last edited: Jul 28, 2019
  23. Joe Nichols

    Joe Nichols Common sense consultant VIP

    Posts:
    2,368
    Likes Received:
    5,380
    I'm not sure I understand how that is a strategy.
     
  24. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

    Posts:
    2,666
    Likes Received:
    2,016
    Dustie...if you check "murder" according to GD is a high value keyword valued at $2,042. I own some "killer" domains like killer.homes where "killer" is also a high value keyword valued at $1,917. Don't listen to me though because the words "murder" and "killer" both have a negative connotation regardless of how anyone looks at it:xf.rolleyes: One should note however that many of the worlds best titles have words like "murder" and "killer", but what do I know:xf.wink:
     
  25. namemarket

    namemarket Top Contributor VIP ★★★★★★★★★★

    Posts:
    1,208
    Likes Received:
    965
    It is a pricing 'strategy' on some names with Min Offer based on GD value and BIN being a percentage higher however maybe 'strategy' is not the best word choice but if if's not considered a strategy what is it?

    I did not think it was necessary to read the proper English dictionary definition and recommended word usage or a thesaurus to use the word. In one word how would you describe it Joe?
     
    Last edited: Jul 29, 2019

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...