gubera said:
Estibot is in beta and it is not perfect. I don't know how it works but it must have looked at the frequency in MSN 38200000 and figured the price based on that number. The other numbers on the estibot results page are all zero.
LessRecent.com appraises at $980 on estibot. Which again must be because of the msn frequency of 11000000. It's also available.
If it sounds too good to be true then it probably is....
Another bingo! from me.
Since I programmed the thing (EstiBot), I can explain this in a bit more detail, and gubera is exactly right.
In my research I've found that even though some keyword combinations have no search popularity (ovt/wt), and very little other stats, the fact that they are a popular phrase on the Internet (MSN/Google frequency) correlates significantly with the corresponding domain's
potential value.
Many of such domains are worth nothing, such as maybe this one. But to categorically appraise such domains as worth nothing would yield poor appraisal reliability for most such domains.
To rephrase: If estibot gave reg fee appraisals to all domains that have no search popularity, it would produce too many reg fee appraisals for domains that are actually worth more. The overall reliability would suffer.
This is why I built a special routine for those domains that have no search popularity. The keyword value is compared against the known sales prices of other such domains that had no search popularity either. The valuation is then calculated from that correlation.
Most of the time this works reasonably well. However, there are certain phrases that are very frequent, such as this one "more recent", but obviously have no commercial value as domains. These end up getting over-appraised due to the above reasons.
I have built several error-reduction filters to avoid this from happening, and to detect words that increase the probability of over-valuation. Nevertheless, some domains slip through all filters, and this is one of them.
Of course, the auto-appraisal is only ever a ballpark indication at best, and as said above, and also as clearly said on the estibot site, "if it seems too good to be true, then that's probably just what it is"
Here's a quote from
http://estibot.com/guide.html
-Is this a realistic appraisal? If not, look at your domain name and ask yourself why EstiBot may be appraising it wrong. Chances are that you'll figure it out. If you think "my domain can't possibly be worth that" or "my domain is absolutely certainly worth more than that", then you are probably (but not necessarily) right.
Thanks!
Josh