How reliable are GoDaddy domain appraisals?

[Sniffey]

thanks

 

[capybara]

Not reliable.

 

[Rhinnnn]

They're not reliable. I can give you a list of 100 unregistered domains that, according to GoDaddy, are worth at least $500 each. But if you register them and want to sell them you'll find out that no one's buying.

GoDaddy's appraisals are made to make inexperienced users click that Add To Cart button.

 

[Hypersot]

Like every metric out there, it's how you use it.

If you use it as the base for selling domains at the price the appraisal shows then you'll end up not selling anything (like it was mentioned)

If you use it as a statistics tool though then things change; in reality you have access to the biggest registrar's sales database along with examples (on the right side) of why the appraisal calculates the domain at that price.
The algorithm is what it is, it will show you high appraisals if similar domains have sold within GoDaddy (for whatever reason) and low prices if they haven't.

With that in mind, it's up to you how you translate what you see.
Personally, I find it very useful.

 

[akus6060]

Pls what are the things to look out for before buying a domain because am new to this domain business

 

[Sniffey]

interesting, thank you

 

[BrandCollectors.com]

OP

Joined:
Jan 21, 2006
Posts:
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WHERE HAVE YOU BEEN?

 

[Samer]

theyre designed to artificially inflate market imo

most 1K, disregard ones govalue below $2k..

Samer

 

[creataweb]

Pointless Experiment:

Buy any name you find worth $2k on GD appraisal

Ask them to buy for half, bet they won't.

This is the tell.

 

[Sniffey]

what about estibot? they seem more conservative?

 

[manpreet]

Better than other available tools, imo.