It is obviously a great domain. Been sitting largely idle since 1994.
Nu. It's only worth 4figs. I used SEDO appraisal service $60.Nah. Derivative comps sold for 4 figs. Its worth at minimum 3x what NYCCriminallwayers.com sold for in 2013.
You tell him bud. U know what u sayin bout domaining.I sold a name for six figures in 2007. I have also sold three or four names for five figures. I bought my first domain in 2005. I would rather have $300 cash than NYCLawyers.com. I would probably take the name instead of $150. So, my true appraisal is somewhere between $150 and $300. That is a TRUE appraisal, not some nonsense that is found in most appraisal threads.
Derivative comps mean zero. This isn't Manhattan real estate.
At least I can make conclusions based on facts with comps.
Not so fast. First, not all 'sales' are 'factual'...some are fakes. Second, you also need to know the backstory...a domain can sell for more than it's basic worth because of what it was previously used for, because of traffic, because of backlinks, etc. Third, a domain can sell for more than what it is worth because for whatever reason, it might be a 'must have' to one particular individual. Etc. etc. etc. You can't just go throwing out numbers like you are doing.
$15626.52. Wow! Cool...GAKP NYC LAWYERS--->Volume: 260/mo | CPC: $14.31
Assuming a 0.35$ click through rate for being 1st in organic searches on google and a payback period of 12 months.
NYCLawyers.com = 260x14.31x0.35x12
=$15626.52 (+/-30%)
Which is in line with not just my valuation, but that of others. Personally I'd ask for more but this solidifies the consensus valuation of the name.
The best offer I have had is for $55,000.
$15626.52. Wow! Cool
Which begs the question to the OP: how's this math compared to his earnings from this domain these past umpteen years? And why in the heck is he even contemplating selling this golden goose if he's making this kind of money each year ???
And if he's not making anything close to this figure, what's wrong with him?
lol ...undeveloped not sure what he'd be earning, but that equations outputting valuation should only be seen as a very, very rough guideline, it is definitely not absolute.
Like I've said before: great, eye opening thread!The target buyer is a content marketing firm that will use the domain to sell ads to lawyers based in NYC. The marketing firm would invest in content to get the domain to page 1 of google for high-value keywords.
Bringing up comps missed the point. This name is not worth that much at all. If it were listed here it would shock you how low the price would be. This name will get zero type in traffic (so would the singular). There are already tons of places to search for lawyers, and this name adds no value at all. It may seem like a good name, but if you offered this name, or $500 to 20 domainers who have sold names for six figures, almost all (probably all 20) would take the 500 in cash instead of this name. That is the test.
Any decent name can sell for at least 1K, but it will only sell for 1K a small percentage of the time (which means the value is lower). Sorry, but the name does not bring much extra value at all to whomever buys it. This is not a 5 or 6 figure name, and probably not a 4 figure name. If multiple people on this forum are ready and willing at this moment to pay at least 1K for it, then I will concede that it is worth that, but I doubt it would happen.
but with only $5k invested to throw a site up
I sold a name for six figures in 2007. I have also sold three or four names for five figures. I bought my first domain in 2005. I would rather have $300 cash than NYCLawyers.com. I would probably take the name instead of $150. So, my true appraisal is somewhere between $150 and $300. That is a TRUE appraisal, not some nonsense that is found in most appraisal threads.