discuss Is it worth my time to go after domains appraised over $1,500 on GoDaddy?

[Outsomniac]

I know that some of you don't believe in the appraisal tools, and I know that some of you do.

I'm in the middle- not completely sure how to feel about them.

Am I wasting my time honing in on names that are appraised at or above $1,500 through the GoDaddy appraisal tool?

It doesn't really feel right to me to leave any names on the table if the appraisal is high.

What do you all think?

 

[branding]

It is very good advice @biggie and yes I do indeed. Just last week went tenting in a truly wonderful location, no internet, no cell service, no domain analysis. And I am fortunate to live where it is easy to walk in truly beautiful settings right in our urban area.

But we should all keep in mind the advice that you indirectly offer. Get outside, find balance in your life. Thank you for the reminder, and have a wonderful day.

Bob

I can second that. I take the occasional break but once a year I rent out a place in a remote location for a couple of weeks. No wifi, no cell, no tv. Just 100% quality time with my family. Got a couple of acres around the property so my dog has the time of his life as well.

I personally wouldn't even mind going off the grid indefinitely but I'd never be able to talk my significant other into moving away from the city she grew up in

 

[Jonathan Beadle]

Why would the registrar benefit? It is a free tool... I would understand benefits if it was a paid tool.

Simply because; if you use the tool at gd then you are more than likely to register there, especially if the appraisal suggests the name to be of high value. Its just indirect marketing.

 

[DomainRecap]

I bought fwb dot net for $800 and was offer $2,500 shortly there after. Go Daddy values the name at $3242. I registered the name superapp dot co for less than $9 and was offered $5,000 for the name two months later by an ex twitter VP. Go Daddy values the name at $874. I never sold fwb dot net or superapp dot co I still own both names.

Sorry, but I would have sold superapp dot co for $5K in a minute, and then reinvested that into improving the portfolio. Come on, it was a $9 hand-reg on .CO - what did you expect to get offered, a million?

I assume the "ex-Twitter VP" part influenced your decision, but these people can be mercurial, and one minute they're hot after your domain, and the next, it's like "who are you again?".

 

[Bohdan]

I'll put my two cents in this thread:
Estibot is basically about keywords presence in Google
GoValue is about past sales and keywords popularity.
Nameworth is about dreams

 

[ThatNameGuy]

I know that some of you don't believe in the appraisal tools, and I know that some of you do.

I'm in the middle- not completely sure how to feel about them.

Am I wasting my time honing in on names that are appraised at or above $1,500 through the GoDaddy appraisal tool?

It doesn't really feel right to me to leave any names on the table if the appraisal is high.

What do you all think?

Like with most everything in life, the answer to your question is, "it depends" I'm a business guy, and have been for 50 years. I've had a couple of business failures, but I can assure you it wasn't because of their name anymore than my successes were because of their name. As an example, I just hand reg'd the domain Kwik9.com. GD values it at $1,201, and they value the keyword "kwik" at $3,691. Just go to Namebio and key "kwik" and you'll see why it's valued at $3,691.

Granted, I probably know some things about golf, the golf industry, business and marketing that you don't know, but common sense tells me this is a good domain that addresses a huge gap that exists in golf today, and I would use it in a heart beat for my business. Now if you don't know the game of golf or understand business and marketing, I wouldn't buy it if I were you.

Finally, I must say I'm a little like you because I'm all about risk vs. reward and the upside potential for Kwik9 is far greater than the downside risk....believe it or not, I learned that in school fifty years ago.

Cheers and Good Luck!

 

[Outsomniac]

workfist.com

Estimated Value: $1,535

Do you really think this is worth registering ? Because it's available. Appraisal tools have an algorithm and if you figure it out, you can register hundreds of worthless $1500+ domains.

Very true- that's basically where I'm at now. I have a big list of names available to register that are appraised at over $1,500 through GD- but are they worthwhile? Maybe, but really probably not at all. It's interesting.

 

[NYJimbo]

Very true- that's basically where I'm at now. I have a big list of names available to register that are appraised at over $1,500 through GD- but are they worthwhile? Maybe, but really probably not at all. It's interesting.

It's all part of the learning process. Pretty much all of us have gone through the appraisal tool phase where we think its an important part of buying good domains. I used to have an estibot account in the past and I would use it to appraise big lists of domains and then sort by value, searches, etc to find domains. It was almost worthless, rarely finding real good domains.

There are a few new fancy appraisal services that look impressive, but are really no better than the others.

 

[branding]

....wat? exactly what name would be $223 valuation tha sail for $100,000? This doesn't happen! WOW

ccTLD. They know nothing. Unfortunately just acted as an intermediate

 

[Josytal]

I know that some of you don't believe in the appraisal tools, and I know that some of you do.

I'm in the middle- not completely sure how to feel about them.

Am I wasting my time honing in on names that are appraised at or above $1,500 through the GoDaddy appraisal tool?

It doesn't really feel right to me to leave any names on the table if the appraisal is high.

What do you all think?

I think basing your decision (to register or not) just on appraisal value ALONE is wrong. Of course, there may be exceptions.

 

[DomainRecap]

But like you said, it's at least a way to sort through potential decent and potential terrible domains before evaluating and researching more in-depth.

Perfect way to sum it up.

 

[Kai W.]

You must understand the purpose of your own investment domain name.
I used to express my opinion in multiple threads. The future of .COMs is the Brand value! Brand Value! Brand Value!
If the standard for buying a domain name is GoValue or Estibot, then I think many of my beautiful 4L.com may not be worth it for you.

 

[Mr. Deleted]

Yeah I'm definitely constantly finding names in the high $1xxx with the GD appraisal tool- but just like you said- maybe 1% are worth the reg, and the real job is to figure out if it is worth the reg.

Thanks, much appreciated.

Better hire Mike Mann or my old neighbor Mike Mikels to evaluate them.

 

[Outsomniac]

Like with most everything in life, the answer to your question is, "it depends" I'm a business guy, and have been for 50 years. I've had a couple of business failures, but I can assure you it wasn't because of their name anymore than my successes were because of their name. As an example, I just hand reg'd the domain Kwik9.com. GD values it at $1,201, and they value the keyword "kwik" at $3,691. Just go to Namebio and key "kwik" and you'll see why it's valued at $3,691.

Granted, I probably know some things about golf, the golf industry, business and marketing that you don't know, but common sense tells me this is a good domain that addresses a huge gap that exists in golf today, and I would use it in a heart beat for my business. Now if you don't know the game of golf or understand business and marketing, I wouldn't buy it if I were you.

Finally, I must say I'm a little like you because I'm all about risk vs. reward and the upside potential for Kwik9 is far greater than the downside risk....believe it or not, I learned that in school fifty years ago.

Cheers and Good Luck!

Good stuff! Yeah- the fact that you have prior knowledge relating directly to the domain name is a huge plus and enables you to justify the registration of the name moreso than someone that is basing whether or not they reg it solely on what the appraisal tool spits out.

 

[NonHipster]

Why would the registrar benefit? It is a free tool... I would understand benefits if it was a paid tool.

Possibly, a registrar like GoDaddy might boost your appraisal value close to the expiration / renewal date. Hypothetically, when you see the appraisal estimate you might consider renewing based on the appraisal. We have seen GoDaddy and others give high appraisals to junk domains.

 

[Outsomniac]

Yes, you are wasting your time with appraisal tools. Stay away from automated appraisal tools, the only ones who benefit are the registrars.

Yeah, that does seem to be a pretty popular stance. I guess I should change how I operate and figure out better ways to supply good names to buyers that are actively looking.

 

[Outsomniac]

You can basically find endless unregistered domains that are appraised in that range.
I am sure about 99%+ of them are likely worthless. Good luck finding the ones worthwhile.

Appraisals might be a good way to sort through long lists, but the actual number is basically meaningless.

Brad

Yeah I'm definitely constantly finding names in the high $1xxx with the GD appraisal tool- but just like you said- maybe 1% are worth the reg, and the real job is to figure out if it is worth the reg.

Thanks, much appreciated.

 

[Outsomniac]

It's all part of the learning process. Pretty much all of us have gone through the appraisal tool phase where we think its an important part of buying good domains. I used to have an estibot account in the past and I would use it to appraise big lists of domains and then sort by value, searches, etc to find domains. It was almost worthless, rarely finding real good domains.

There are a few new fancy appraisal services that look impressive, but are really no better than the others.

Yeah I'm pretty new, but I'm picking up on a lot of solid information and actually seeing some small results so far, which feels great. Estibot is neat but yeah just like you said, it's really no better than the others at the end of the day. I'm hopeful though that I can build my portfolio- albeit slowly, but definitely surely.

 

[Outsomniac]

Domain assets (except for a small percentage of very liquid ones) are very difficult for people or robots to appraise with much precision.

I think the best way to view both appraisals (of the human kind) here or elsewhere, and automated machine ones such as Estibot, GoValue and NameWorth, is as a second opinion. By that, I mean first decide how worthwhile a domain name is based on criteria such as the value it would have to an end user, the potential pool of end users, past similar sales, the aesthetics of the name, etc. Do that before you ask for or get an appraisal - i.e. first make up your own mind after analytical work.

Then, after you have in your mind decided the relative worth of say 5 names you are considering, and perhaps a range of values for each, why not consult the automated tools to see if they confirm your opinion? They will along the way add information you might not have had (GoValue almost always does a good job with comparators and have sales not in NameBio, for example; while you can get the search/advertiser information in Estibot elsewhere, it is presented in a nice format, especially with the temporal graphs). If your opinion, and the opinion of others on NPs in appraisal thread or the automated worth estimates are very different, try to decide why. A second opinion is usually worth knowing, even if you don't think it is very accurate.

GoValue tends to appraise a huge number of coms in the $900 to $1900 range, so it may not be very discriminating.

Finally, even from the tiny sample of end users I have interacted with, at least in North America those who are seriously considering spending mid $$$ or more on a domain have probably stumbled on GoValue because GoDaddy is so big. So your potential buyers will know GV even if you disagree with it. I think that is why some well known names are angry with GoValue. I have sometimes picked up names even if I think the GV is way too low, but it is a negative to me, as it means potential buyers may well consult GD and think the domain should go cheap in those cases.

Bob

Absolutely- focusing in on those factors and setting aside the robot appraisals will help me out a lot.

Second opinions are great- though I've realized that it's quite the task getting a second opinion from a human, which I think leads a lot of people to relying more on the opinion of a robot. But, that does weed out those who aren't taking the time to more closely research the names that they register. They end up with bad names that won't get them anywhere.

I do enjoy seeing what numbers the appraisal bots spit out- but at the end of the day my reliance should definitely lie within multiple other factors, like the ones you mentioned earlier (end user, past sales, etc.).

Yeah, I'd like to figure out how to more easily contact potential buyers (outside of just throwing names up on Sedo) without discouraging myself. Though I do understand that this all comes with time and experience (but sometimes/rarely pure luck).

Thanks for the feedback! Much appreciated.

 

[Jv1999]

i think that appraisal tools are stupid because they rely on reported sail amounts

everyday hd wins and bids up auctions to xxx. These are counted in namebio and undistinguished from actual end user auctions / sails

so these low xxx report data make good names look cheap, and that's why appraisal tools are so whack. they underestimate the value of good domains and overestimate the valjue of bad domains!

 

[cipcip]

Yes, you are wasting your time with appraisal tools. Stay away from automated appraisal tools, the only ones who benefit are the registrars.

Why would the registrar benefit? It is a free tool... I would understand benefits if it was a paid tool.

 

[Outsomniac]

GoDaddy values a domain at $223 for a deal I recently brokered at nearly 100K. Just saying...

That's awesome- good stuff!

 

[Jv1999]

GoDaddy values a domain at $223 for a deal I recently brokered at nearly 100K. Just saying...

....wat? exactly what name would be $223 valuation tha sail for $100,000? This doesn't happen! WOW

 

[wwwweb]

GoDaddy values a domain at $223 for a deal I recently brokered at nearly 100K. Just saying...

$223 would be alt extension outside .com, because even jargon .com names bottom out around $8xx. Congrats on your sale.

 

[Outsomniac]

I wouldn't use a valuation tool to decide for me. If you appraise a name and they validate your speculation then you may see it as a contributing factor. I would ignore a bots valuation on its own as everything I type in says it has value anyway.

Great point- same here, I find that almost any name I type in shows at least a $1k or higher appraisal.