NameSilo

How to Determine Domain's worth

Labeled as question in Domain Beginners, started by Domainer Sid, Feb 28, 2021

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  1. Domainer Sid

    Domainer Sid Established Member

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    I am totally new to Domaining, Although I have been working in IT industry for 15 years and running a tech blog for 5 years, I am looking for guidance on how to correctly price a domain that I want to sell.

    There is a drastic difference between the valuation of tools like Estibot or Godaddy valuation and I ideally would not like to rely on them. Looking forward to learning the "art of pricing" from experienced guys here.
     
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  2. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    Don't buy any names yet, spend a few months reading the beginner section and watching namebio.com to see what names sell. Buy names from existing owners or expiring lists. Do not hand register available names. Every 2nd domainer comes thinking they will hand register names and sell them, check what has happened to those names a year or two later.

    Do not use automated tools like Estibot, GD, Valuayte etc, its like picking a number out a hat.

    There is no simple rule or manual to learn domain value, it comes with experience and reading.
     
    Last edited: Mar 1, 2021
  3. Mister Funsky

    Mister Funsky Top Contributor VIP

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    There is an appraisal thread where you can post the name and ask for input. Ask for a wholesale price and/or full retail and/or both. Mask the name...for example if it is a com say 'in the king'. Just adding spaces will not keep the bots from indexing it. If you feel it is a good name add a random letter between real letters...example: dog.com would be daoaga in the king.
     
  4. DuDD

    DuDD Established Member

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    welcome to Np
    • Look and ask, and you'll know
     
  5. Domainer Sid

    Domainer Sid Established Member

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    Thank you so much the valuable piece of advice. Although I have already registered few names, which I think, I should post on appraisal thread.
     
  6. Domainer Sid

    Domainer Sid Established Member

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    Sorry for asking a novice question but what will happen if my domain gets indexed on bots or search engines?
     
  7. domainflipper1000

    domainflipper1000 Established Member

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    Estibot tools should be secondary. First you should ask:
    How many letters are in this domain?(The fewer the better)
    How marketable is this domain name?( bigfork.com is 7 letters with 2 relevant words so it's worth something right? Yes and no. At best it sounds memeable, and specifically catered towards a silverware company that sells big forks)
    If this is an expired domain, how many backlinks are pointing to it?
     
  8. CraigD

    CraigD Top Contributor VIP

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    When someone types your domain name into a search engine, the thread where you have asked for valuations and or advice will show up at the top of search results because NP ranks highly.

    You may for example have other members commenting that your domain name is rubbish, or only worth X amount etc. You really don't want that sort of commentary showing up in search results, especially if you are trying to sell a domain.
     
  9. Domainer Sid

    Domainer Sid Established Member

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    Thanks @CraigD . Will always remember your advice.
     
  10. Mister Funsky

    Mister Funsky Top Contributor VIP

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    @CraigD answered the question perfectly!
     
  11. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    park the domain on a pay per click service, like voodoo.com bodis.com, sedo.com, parkingcrew.com, etc
    after 30 days, review any statistics for the name
    ie: number of visitors, clicks, epc and any revenue earned.

    during that period, you can also enable a "This Domain Name May Be For Sale" banner, for any visitors to contact you about purchasing the domain.

    imo...
     
  12. TauseefKhan

    TauseefKhan Top Contributor VIP

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    Even experienced domain investors struggle with right pricing. There is no exact science here. And, thru learning about sales on a daily basis. Understanding CPC and more importantly who could be the enduser for your domain is the fundamentals when it comes to choosing the right figure.
     
  13. Domainer Sid

    Domainer Sid Established Member

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    Thanks for this @biggie . Its like we are doing SEO and checking which article is ranking and for which keyword.

    So how important are other factors like length, # of words, easy to pronounce for pricing. Also lot of people consider how many TLDs are already booked. I believe purchasing the domain should be based on (length, # of words, easy to pronounce etc.) and selling on what you are suggesting.
     
  14. Domainer Sid

    Domainer Sid Established Member

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    @TauseefKhan So in this business, a lot of references from previously sold domains comes in pictures and we can use those sales as some kind of baseline to quote a price to a buyer?
     
  15. L.A. Randle

    L.A. Randle Rise & Grind Blue Account

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    I've found throughout my years of investing that value is subjective. And most, if not all appraisal tools throw out random prices based on keywords and other up in the air analytics.The lack of transparency is what gets me.

    When I first started investing, I bought so many different domain names. Those domain names lacked branding ability, no purpose, no NOTHING.

    Then I figured maybe I need to step outside the box, consolidate my portfolio by doing a little market research; reverse engineering is what I would like to call it.

    I began building my portfolio off of what people were actually building, trends, viral niches etc.
    Reverse engineering allowed me to figure out what was deemed as valuable. Because what we may think is good, more times than not is probably trash to someone else.

    You have to let the market tell you what they want and give it to them, that goes for any business you're growing.

    We don't invest in domains to keep them. We invest, hoping that they gain value over time so that we can sell them for a profit later.

    I'll tell you this-

    • Single-word domains are always great
    • Two word domains are also great
    • Three-word domains are questionable, not impossible though

    Stay away from silly domain names with unnecessary numbers and symbols (whos going to remember that?

    There are different ways to approach the investing process. And your approach ultimately depends on what type of domains you are investing in.

    Are you focused on expired domain names?

    Are you focused on hand registered domain names?

    Always invest with purpose. Investing in domain names is just like investing in the stock market. You aren't going to put your money with a company that doesn't have the potential to give you an ROI (return on investment) So don't do it with domain names.

    Think Brands. Most domains start out invaluable. It's up to you to make them worth something.

    Goodluck
     
  16. Domainer Sid

    Domainer Sid Established Member

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    Thank a lot @L.A. Randle This valuable advice will always stay with me and several others who want to make a name in this industry!
     
  17. Domainer Sid

    Domainer Sid Established Member

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    @CraigD One more stupid Question, Do you think mentioning the domain names in my Signature will allow Bots and Search Engine to crawl?
     
  18. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    here's another contradiction in domaining

    on one hand,
    you don't want bots and SE's to see your domain

    on other hand....
    you want maximum exposure so more people can see your name and hopefully make an offer.

    solution:
    pick one and deal with the consequences

    if, you have confidence in your domains, then let them speak for themselves.

    BTW:
    if you haven't parked your names yet, then you have already wasted 1 day.


    imo...
     
  19. Domainer Sid

    Domainer Sid Established Member

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    Totally agree.
    Anyways If someone sees value in a domain name , they will buy it..no matter what people says or quote a price.
     

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