Have a domain to sell, online appraisal valued $735, $85 & $310? Which is right?

[twinrova]

Hello there,

I have a domain that I've owned for the past 7 years and as I've recently moved away I'd like some extra cash. I was looking online through Flippa and remembered this domain, twinrova.co.uk, that I purchased when I was young. (It's a boss in the Ocarina of Time)

When I ran it on a couple different appraisal sights it came up with wildly varying valuations. Which, if any, is the right one and how do I best value my domain?

I realize my domain might be worthless, but maybe you can help me realize this!

 

[Kate]

Automated appraisals are all worthless.
Period.


.

 

[Nerevar]

You can post your request for appraisal in this section
https://www.namepros.com/forums/domain-appraisal.3/

 

[Nerevar]

Anyway, unfortunately it has no value.

 

[twinrova]

Awesome good to know on the automated appraisals, this has definitely sparked some interest for me! Yeah I posted it there after I'm new so I guess I got a little confused! I'd like to learn more about buying domains for re-sell, do you generally seek out new domains or purchase from others? I'm also keen to understand the value of different extensions or is it all about the '.com'? I'm going to keep researching!

 

[LoneDeranger]

Kate stated correctly - Automated appraisal are rubbish. The reason behind this is because only "dry" criteria is being taken into consideration (domain age, for example), but there are plenty of things to take into consideration as well - demand, how bad the buyer wants the domain, hot niche or not..
At the end of the day a domains price is the price the buyer's willing to pay for it.


For your other questions: I sometimes register new domains, most of them are drops, sometimes i participate in auctions, and sometimes I contact the domain owner directly.
As for now "com" is still the king, and i expect it to stay this way. It is the easist extension to sell these days. My advice for you is to stick to com until you understand the market of other tlds.

Good luck, hope this helps.

 

[twinrova]

Kate stated correctly - Automated appraisal are rubbish. The reason behind this is because only "dry" criteria is being taken into consideration (domain age, for example), but there are plenty of things to take into consideration as well - demand, how bad the buyer wants the domain, hot niche or not..
At the end of the day a domains price is the price the buyer's willing to pay for it.


For your other questions: I sometimes register new domains, most of them are drops, sometimes i participate in auctions, and sometimes I contact the domain owner directly.
As for now "com" is still the king, and i expect it to stay this way. It is the easist extension to sell these days. My advice for you is to stick to com until you understand the market of other tlds.

Good luck, hope this helps.

Perfect thanks for the reply, yeah '.com' seemed the safest bet, I believe the reason it would of been quoting me an inflated amount for the domain is because of it's age and the domain has 3000 searches a month as a keyword on google. Which leads me into my next question , I've been using the AdWords keyword planner to try and match new domains with high search rates but is this just a redundant process now?

I looked into 'Dropcatch' and from what I gather as names come up for expiry they don't just quietly become available again but are actually auctioned off? If this is the case I'll need to be careful not to be pay too much for the initial domain and should I always be prepared to sit on a domain until a buyer approaches me?

Ideally I'd like to be turning over domains as quick as possible, how long do you tend to sit on your average domains?

 

[LoneDeranger]

Perfect thanks for the reply, yeah '.com' seemed the safest bet, I believe the reason it would of been quoting me an inflated amount for the domain is because of it's age and the domain has 3000 searches a month as a keyword on google. Which leads me into my next question , I've been using the AdWords keyword planner to try and match new domains with high search rates but is this just a redundant process now?

I use GKP before I purchase the domain, so I can have a perspective of the domains search rate, and also how well the domain will behave while parked. But I'm not checking for all types of domains, if it's a brandable domain for example, It will probably be useless to check GKP since I know no one will look for a made-up word.

I looked into 'Dropcatch' and from what I gather as names come up for expiry they don't just quietly become available again but are actually auctioned off? If this is the case I'll need to be careful not to be pay too much for the initial domain and should I always be prepared to sit on a domain until a buyer approaches me?

My advice for you is to set a maximum budget that wont economically collapse you, and do not cross it no matter what. Some domains, when dropped, are captured by companies such as namejet, Go Daddy Auctions, Dropcatch etc.. And they putting it up to auction.

Keeping a domain in your possession for long term is reasonable, some domains will gain value in 4-5 years, but it's costly when talking about a whole
portfolio so.. Be selective.

Ideally I'd like to be turning over domains as quick as possible, how long do you tend to sit on your average domains?

There are liquid domains (read about it), they have instant demand and they sell fast. Other types of domains wont be as easy as the liquid ones, its your call if you want to keep it or not.