domain Nameworth.com Experiment "90% chance it will sell in 7 Days"

[ShowMeDomains]

I've seen some other people discuss using Nameworth domain appraisal tool as somewhat of a "guide" so a few weeks ago I started a membership.

I really like the look of it and it provides some different categories for appraising the domain.
It also shows other extensions taken and Additional similar Domains as well as Similar active sites and their Alexa/Majestic Rank.

So a couple hrs ago as I was in a drive- thru line waiting on my food I started playing the GD appraisal just seeing if names are available, (surely I'm not the only one that kills time doing that), anyway I found one that I liked. ILLBank(dot)com, It had a GD valuation of $2,165. I registered it.

Nameworth has an Est. Retail Price of $29,500 and puts it into their Tier 2, Super Premium.

Under the Lower Level, Auction Level, it puts the value at $1,770 and says the chances
of selling it for this price to other domain investors in the next 7 days in 90%.

I figured this would be a good one to put this category of theirs to the test.

So, it is now listed on 3 different marketplaces, all at BIN of $1,770 and I am not going to change the pricing or add make an offer until the 7 days are up.

Cast your vote on if I'll sell this hand reg in the next 7 days for $1,770 or not and obviously I will reveal the outcome.
Cheers!

 

[Samer]

Love case studies such as this.

Best of luck to you.

Samer

 

[ShowMeDomains]

Love case studies such as this.

Best of luck to you.

Samer

Thanks Samer

 

[ShowMeDomains]

Love case studies such as this.

Best of luck to you.

Samer

Why don't you start off with the first vote

 

[Samer]

Why don't you start off with the first vote

50/50 shot, much like many things life.

Believe it or not, i too have a vested interest;

Proud ILLASK.com owner! Yours is better

 

[Samer]

Why don't you start off with the first vote

50:50!!

deserve credit for quantified sale odds; first?

remain cautious optimistic, wont count em out, make sure give them needed due props if sell,
cuz pricing my most difficult aspect domaining. Would be so cool.

Samer

 

[ShowMeDomains]

50/50 shot, much like many things life.

Believe it or not, i too have a vested interest;

Proud ILLASK.com owner! Yours is better

Nice!

 

[Dave]

Absolutely not.

Do not rely on automated appraisals to make decisions.

 

[ShowMeDomains]

Absolutely not.

Do not rely on automated appraisals to make decisions.

I’m not “relying” on anything, it’s an EXPERIMENT..as stated in the title.

 

[BaileyUK]

No No, If only domain selling did work like a planned and facilitated laboratory experiment (and I mean 'facilitated' by all those that have an interest in you buying their KIT)

This is a Doomed experiment with a diabolical domain that wouldn't pass the starting-gate on a $1 to $10 auction. Time to leave all those so called 'Analytical tools' alone, they are just rubbish designed for fools self-gratification and delusion

Use your own brain, it's a far better tool

 

[Domain Monk]

10000% it won't sell , and not a great name imo, use these appraisal tool but don't use it without doing your own research.

 

[ShowMeDomains]

10000% it won't sell , and not a great name imo, use these appraisal tool but don't use it without doing your own research.

No No, If only domain selling did work like a planned and facilitated laboratory experiment (and I mean 'facilitated' by all those that have an interest in you buying their KIT)

This is a Doomed experiment with a diabolical domain that wouldn't pass the starting-gate on a $1 to $10 auction. Time to leave all those so called 'Analytical tools' alone, they are just rubbish designed for fools self-gratification and delusion

Use your own brain, it's a far better tool

So how do you really feel?

 

[koolishman]

No No, If only domain selling did work like a planned and facilitated laboratory experiment (and I mean 'facilitated' by all those that have an interest in you buying their KIT)

This is a Doomed experiment with a diabolical domain that wouldn't pass the starting-gate on a $1 to $10 auction. Time to leave all those so called 'Analytical tools' alone, they are just rubbish designed for fools self-gratification and delusion

Use your own brain, it's a far better tool

This is just an experiment, read OP again.

Doomed experiment with a diabolical domain.

Seriously?

 

[Pazu]

I vote "Nah".

It appraises highly with Nameworth because a lot of other registered domains contain "illbank" with ill as a suffix to a real keyword, but notice that there are zero actual active websites, and for some reason someone registered this in other extensions. I'm glad Nameworth implemented this feature, similar to ZFbot. I guess it was always based on these calculations, and I assume also search volume to some degree, but now the information used on the backend is more transparent.

As I've been using Nameworth some as well, I see that they miss some of my own names in the similar category. For example, I checked Advrtise dot com that I recently acquired. It did not detect my Advrtisement domain. Probably doesn't pick up on some active websites too, but I still appreciate what I get from it.

Anyway, "ill" is not actually the keyword which was the other domainers' intention when they registered the related names, so I don't really consider them related at all. We must consider ILL is a bad name for a bank as a corporate entity. Maybe you are thinking this has Coronavirus use. Kinda ironic DAN is your lander, since they say no corona names, right (btw I know it's not explicitly for that use).

Appreciate the experiment, but I would recommend adding different names as well.

 

[koolishman]

Appreciate the experiment, but I would recommend adding different names as well.

Agree.

 

[ShowMeDomains]

Thanks for your insight.

Yeah, I honestly was looking at it as a
“What they hell its only 8 bucks” after I saw that there is a bank using,
Illinois Bank dot com. as their domain...
I never even thought about anything corona related nor would I go that route.

I Guess that’s just how my “Diabolical”
“Tool” works.
Might try this with some other domains, not purchased with a side of ,
just so some know it alls have another opportunity to make themselves feel special for all to see.

Cheers

 

[Joe N]

It's an "absolutely not" vote from me.

NameWorth is nice as a kind of bonus tool, but I put a lot more stock in my own research and valuations.

I assume you viewed the name as "I'll bank", which sounds cool, but no one is branding with the term. I don't like its chances of selling for more than a few bucks over the next year, but I wish you luck with it.

...just so some know it alls have another opportunity to make themselves feel special for all to see.

Whoa... just be careful with those kinds of comments. You asked for opinions, and people have given them here in a respectful manner. It feels very insincere to be asked to voice a thought and then be insulted for it.

 

[Bob Hawkes]

Joe has said in the first part of his comment what I was about to say.....

NameWorth is nice as a kind of bonus tool, but I put a lot more stock in my own research and valuations.

I do like many things about NameWorth. I like that they give you six different valuations, ranging from if you want to liquidate it immediately to an end user comes calling with that domain in his heart. That is how it works in world, the price depends a lot on the buyer, in many cases, as well as the domain name. I also like their recent addition of the demand section - yes you could look that stuff up independently, but nice having it in one place.

But any evaluation tool should be considered a second (or third) opinion. First make up your own mind, then look at the valuations. If you had never looked at NameWorth and I came to you with this name @Makbliss would you honestly have thought it was worth that much in a quick sale? I don't think so. I admit that the arguably similar name illpay went for a good price, but still, I don't buy the end user or quick sell prices for this name.

So while I do like the idea of experiments in general, trying something out, like a new lander or marketplace or something on part of a portfolio, this one I think is doomed to failure (I voted Nah). As someone mentioned, a real experiment should have you do this not just one one name but a number. I suppose various people on NamePros could collectively do some pretty great experiments.

Now if I am somehow wrong, and you sell it for anything even approximately this, I will try to be one of the first to congratulate you and to say I was wrong.

Good luck. Many think you need it on this experiment!

Bob

PS I do admire your courage to share this public experiment with us all. We learn from things discussed here, even when we disagree.

PPS Interesting the different interpretations. I never actually viewed it as Illinois or I'll but rather Ill in the medical sense, some kind of medical loan was how I saw it! But I'll makes sense.

 

[BaileyUK]

This is just an experiment, read OP again.

Doomed experiment with a diabolical domain.

Seriously?

Yes, Seriously, I'm sorry to call a spade a Spade and I appreciate that the OP took the effort to portray it in the most serious way possible given all the screenshots etc. But you really are off the rails on this one. Domaining just doesn't work this way even in a thousand to one long shot experiment let alone with a 100,000 to 1. domain.

Honestly you could leave this domain up for sale for 7 years let alone 7 days - I'm still trying to get my head around the whole idea wasn't a wind-up post.

again apologize for calling it as I see it. No offence intended and I wish you the best in your endeavors

 

[Bob Hawkes]

I did say, and believe, there is little chance it will sell in 7 days at this price. That said, every day when I look at the top of the NameBio sales list, many names that I simply can't see them selling at the price they went for. The new list is just out, and I looked at names over this price $1700+, and there are at least 5 that not only sold for more than I thought, but I simply would have said there was no chance they would sell anywhere near the price if at all. That is 5 out of about 25, and most days are like that.

So while I said nah, I leave a tiny sliver of door open that maybe I am wrong. In which case I will be happy for @Makbliss . Still, if I was a betting person, I think odds are against him on this experiment.

Bob