How accurate is Estibot.com on appraisals?

[max68]

Hi guys,

I have been using estibot.com for a while to get an idea before I buy my names and I was wondering how accurate is. I have some domains in hold that I would like to buy them and estibot gives me some fantastic estimates and I am not sure if they are accurate. Any suggestions or advices will be much appreciated.

Thank you.

Cris.

 

[-REECE-]

Estibot is sometimes over-generous. It's more useful imho when it gives a very low value -- that suggests that there might have been something faulty with your logic of your name being valuable.

If Estibot gave out a value of 5-10k and you were going to get the name for say, 1k, it's very hard to tell whether that would be a bargain or not. Estibot is better used to get an idea of what a name is worth (eg. worth renewing, worth looking into hiring a broker, worth sending to T.R.A.F.F.I.C., etc). I wouldn't use Estibot to choose which names to buy and which not to.

Hi guys,

I have been using estibot.com for a while to get an idea before I buy my names and I was wondering how accurate is. I have some domains in hold that I would like to buy them and estibot gives me some fantastic estimates and I am not sure if they are accurate. Any suggestions or advices will be much appreciated.

Thank you.

Cris.

 

[max68]

Thank you, Reece, rep points on your way.

The thing is I used it to evaluate dropped names and some of them were fair, like $70-90 up to $300-400. But I had a .COM evaluated for $1000 and a .MOBI evaluated for $1400. That's what really confusing me if these are accurate or not.

Thank you.

 

[XJ]

One thing I know for sure, if a seller has no reasonable explanation why a domain should be uber-valuable, estibot is a good indication of a fair price. :D

 

[max68]

Thanks XJ, rep points on your way...

 

[Keynes]

Estibot is currently the best automated tool we have. It does not, however, fully automate the process and should probably be augmented by an appraisal from someone well-versed in the market.

 

[shockie]

pretty much what the others have said: not that accurate. i also find that it generally over appraises domains. appraisals from estibot are better when used for comparing domains, but not so much for getting an absolute value of one domain.

if anything, you should see estibot as a place to get a quick rundown of stats such as backlinks, adscore, wordtracker, etc.

 

[yandig]

I think that estibot is probably the best free, automated valuation tool out there. I would use it to help determine the potential value a domain might have to an end user. It also provides some interesting info, such as traffic and ppc relevance.

Estibot probably tends to overvalue many domains, but undervalues others. Just look in the completed sales thread in this forum, and you'll see what I mean. Obviously, no tool of this type is going to be perfect.

 

[max68]

Thank you guys, I got the point. Every answer has been rewarded with rep points. I don't make decisions based on estibot evaluation, I still have other tools that I use before I buy any name, I was just curious because I've seen some posts in here that people relay on estibot more or less. Anyway as most of you said is a great tool to use it as an addition to your own judgment, past sales, google, etc.

Cheers!

 

[bondjpf]

Check this about Estibot: http://www.namepros.com/332276-pleased-present-public-beta-automatic-appraisals-9.html

 

[JamesDavid]

c

 

[Keynes]

To give you an idea......

I own Lust(dot)us which I feel is a very good domain for the dotUS Extension considering it us a premium word, only has four letters and is one of those pronounceable names if you just say the word "us" after the name and not say dotUS.

Estibot Appraisal $50

I think it is worth a few more bucks than that...

It most likely is worth more, however, the .us market isn't as liquid and doesn't have enough historical data for the tool to be accurate. Hence, it does best on names in easily identifiable markets in com/net/org

 

[metronome]

I will give you some funny experience I have.... I bought a domain name for 25 USD here and then I put the domain on estibot for appraisal and it is actually being appraised for 120 USD there.

I think estibot is overestimating

I have a domain that is being appraised for 9300 USD there but I myself can't believe if someone put that price on sale for this kind of domain

 

[shockie]

It most likely is worth more, however, the .us market isn't as liquid and doesn't have enough historical data for the tool to be accurate. Hence, it does best on names in easily identifiable markets in com/net/org

right on. i think that a good portion of the appraisal is based on past sales, that i believe are taken from the namebio database.

the keyword "lust" itself probably isn't one of those big traditional keywords (ie s_x), but it's definitely strong and arguably more brandable.

 

[weblord]

estibot.com for me is just like another tool but not to be considered as the final say in the appraisal, still the human doing the appraisal has a lot to play based on his knowledge of domain trends and constant reading and study of domain pricing based on actual sales and auctions.

as a human one must have access to different free online tools as many as possible and as much access to different appraisal done by others for "advices" as to determine the appraised value of a certain domain.

 

[accent]

I would add that estibot cannot get the "feel" of a name such as how well it works with the extension. It can miss brandables - nice pair of words that work well together but are not commonly used in speech together. It also can overvalue because of things that make a lot of Google hits but do not make domains valuable, like commom computer code or scientific terms.

Use it for the first approximation, then do some research.

 

[Porte]

Estibot is the finest automatic domain name appraisal now on the web. It has been growing rapidly and many domain name owners use Estibot to indicate their domain name worth.

Despite that automatic domain appraisals have never proved anything close to real, Estibot deserves a close attention. The most widely used bot on the web today to evaluate domain name value. With that said, I can not say that automatic domain appraisals can predict domain value with 100% accuracy, but Estibot is not a bad indicator at all, It is a tool that helps you evaluate your domain name.

Estibot, besides that it is a domain name appraisal tool, It also provides useful information regarding your domain / website in one place which is time-saving factor.

It shows to you keyword(s) frequency, backlinks, alexa rank, estimated traffic, ppc ad score, overture, and wordtracker.

The above information is very helpful and that information alone can help you evaluate your domain name with a bit of common sense.

 

[raredn.com]

These programs are good to find out some of the domain history which is cool

As for pricing, In my opinion, computers can not have an accurate feel for domain names 'the majority of the time' this is only my opinion though

Here are some domain names I put into estibot, forgive me if I am wrong, but I believe these names could quite possibly fetch a higher price than the following estimates:

TheHit.com $300, hotelcentral.com $2000, MyMoney.com $1400, findadoctor.com $1100, findgold.com $640, youwon.com $240, goldcasino.com $1400, moneyblog.com $410

If Any of the owners of these domain names would like to sell any of the above domain names to me for these prices, please let me know asap, plus your Christmas celebrations are on me : )

Then there is the other extreme, names see on ebay sometimes appraised for prices of $15,000 etc for domain names that are not quite worth that much, and I generally believe the few sellers on ebay that do this, genuinelly use the appraisal as the go ahead to acquire the name some buyers would too I am sure, (names usually appraised with leapfish or nameboy by this group of sellers on ebay)

That said, If you like a domain and it sounds smooth memorable or has a nice feeling about it, it is likely a good name to be used for something

 

[Carlton]

Estibot is the finest automatic domain name appraisal now on the web.

Finest? This post sounds a bit like a paid informercial for estibot. Your assessment is far too heavily weighted in the positive. Estibot is a fun and entertaining toy, and not much more. An appraisal's worth is based on its accuracy and estibot (like all automated appraisals) is so radically off to the extent that it's utility as a real tool is close to moot.

Now I think its pretty cool and kudos to the programmer who designed it. Real appraisal accuracy depends on factors no algorithm can reproduce. Human perception and interpretation are very difficult to quantify with a formula. Far too many subjective variables.

Estibot's author is a direct and honest guy and deserves total credit for that. Refreshing to see a balanced depiction (and requisite disclaimer) on what he's designing ...

An automatic valuator will never be able to account for everything, because a domain's value is not a scientific absolute, but depends on the motivation of both the seller and the buyer.