Please Appraise |Appraisal Thread Suggestion

[WordWalker]

When looking at this appraisal thread, it's clear that NP appraisers pick and choose what domains they want to appraise. If it's an appraisal thread, all submissions should be appraised. If the domain is ignored because it's worthless, then appraise at zero, explain why, and move on.

Even better, there could be several standard appraisal forms/templates embedded within the thread that range from wild-ass appraisals to opinions of value based on search metrics and/or industry specifics.

In the examples below, this information is provided in "fill-in-the-blanks" format; however, it could also be "drop-down menu" driven or a combination of both.

Form "B" would also populate the blank fields in form "A". Form "C" would populate the blank fields in both form "B" and form "A". This would allow the appraiser to provide a lesser level of appraisal - even if more information had been provided by the domain owner.

Bottom line: Ensure consistency and "Apples - Apples" comparison. For the appraiser, choose the level of analysis you are willing to make. No problem appraising everything at $0 or "reg fee" using appraisal form "A", but if you use forms "B" & "C", your analysis should take into account the information provided.

Appraisals should not be about feeding egos of either the domain owner or the appraiser. It should be about facts and metrics.

For appraisers that offer only "A" appraisals, there's nothing for the domain owner to get worked up over because it's simply a "wild-ass guess" based on no facts - only personal opinion. Unfortunately, IMHO, this represents the current level of quality for the majority of NP domain "appraisals".

None of this is etched in stone. It's just one idea for improving the quality of this thread. If you have another idea, let's hear it!


Example Appraisal Formats/Templates:
_______

Wild-Ass Guess "A"

Domain Name Only (provided by domain owner)

Domain Name: 4MakingFastMoney2day.com

Estimated Value: $0

Price that you would buy it for right now: $0
(if offered at that price, appraiser would immediately buy it)

Comment (IMHO): No commercial value

_______

Standard Appraisal "B"

Name & Exact Local Search/CPC (both provided by domain owner)

Domain Name: 4MakingFastMoney2day.com

Exact local search/monthly:
0 search
$0 CPC
[x] Google
[ ] Estibot
[ ] WordTracker
[ ] Other (specify):___________________

Estimated Value: $0

Price that you would buy it for right now: $0
(if offered at that price, appraiser would immediately buy it)

Comment (IMHO): No metrics to support any value

_______

Niche Appraisal "C"

Name, Exact Local Search/CPC and three facts about this name/niche market that appraiser should aware of (provided by domain owner)

Domain Name: 4MakingFastMoney2day.com

Exact local search/monthly:
0 search
$0 CPC
[x] Google
[ ] Estibot
[ ] WordTracker
[ ] Other (specify):___________________

Name/Niche Market Facts:

1. looks cool

2. has numbers

3. making money is popular

Prior Sales Data:
(domain owner provides name, date & price and link to source)
none

Estimated Value: $0

Price that you would buy it for right now: $0
(if offered at that price, appraiser would immediately buy it)

Comment (IMHO): No metrics to support any value. Industry specifics provided are not facts and are not meaningful.
_______

 

[Sparhawke]

People pick and choose because there is only a set amount of time in a day and we do not get paid for offering opinions...I keep well away from short domains and gravitate to products and others are vice versa, what you are proposing is making everyone appraise everything. Which would be bad :p

Thing with appraisals it is "best guess" which is about as accurate as putting on a blindfold and throwing knives at a barn door.

All that we really say is what we would expect to get for something, when you start filling forms and making it look official you not only complicate things, you box people in to thinking only one thing.

An appraisal is much more than a number, it can also spark a new idea to develop in some other way or approach someone new.

Price that you would buy it for right now: $0
(if offered at that price, appraiser would immediately buy it)

Worst idea ever, and could be much abused.

This is not a sales forum

We could do with some kind of set format though, it is not entirely bad...just awkward to implement lol

No answers can be just as telling as 200 lol

 

[WordWalker]

Worst idea ever, and could be much abused.

My issue with ALL appraisals (even "official" paid for appraisals) is that they are meaningless when it comes time to walk the talk.

If I turned around and offered appraised domains to the appraiser for 25% of the appraised amount, this should represent a tremendous value, but I can tell you right now that even at 25% most appraisers (even paid appraisers) would pass on the purchase.

This speaks volumes about the domain appraisal process. In addition domains are the only property I am aware of in which the standard fee for official appraisals exceeds the value of the actual domain name registration. What's up with that?

Either appraise at a value that would create liquidity and an immediate sale (by the appraiser if need be) or charge a fee based on the accuracy of the service provided. For most appraisals, the fee would be ZERO. Sort of like it is here in this thread...

Appraisals that lack accuracy, credibility and accountability are not appraisals at all!

 

[bmugford]

First of all no one has the time to appraise all the domains posted on the forums for free. Secondly, no one is an expert at valuations of all types of domains over all extensions.

The vast majority of my sales are end user sales, so I tend to appraise keyword domains more than domainer type domains.

There is also no price guide for domains. One domainer might not be willing to $50, but an end user might pay $10,000.

Making an appraisal a binding offer to buy is also a conflict of interest. Also, while a domain might be worth $50,00, if you don't have $50,000 lying around how can you buy it?

If people don't like the free appraisals here, then maybe they should spend the time learning how to valuate their own domains.

Brad

 

[exsedo]

Estibot appraisals and paid appraisal services are totally useless.
And expecting appraisers to buy every domain they appraise is a non-starter for many reasons.
Spend more time promoting your domains and your sales will improve.
Good luck.

 

[emjohn]

What I glean from your "suggestion" is that appraisers should be willing to pay for what they appraise in order for you to be sure the appraisal is on the up n up. Maybe also to find you a potential buyer. Wouldn't that be convenient?

Sparhawke hit the nail on the head. These are free and they are done with volunteer time. The appraisals are only basic markers based on statistical knowledge and past sales etc.. One should be happy someone gives their time to maybe save you big money at the end of the day. Why would someone give an appraisal to something they must buy? That makes no sense. I would appraise everything at $1...lol.

Bmugford has a point. Maybe it would be wise for you to learn to appraise your own domains. Gut instinct often goes far.

 

[WordWalker]

If people don't like the free appraisals here, then maybe they should spend the time learning how to valuate their own domains.

Brad

That's like me saying, "Brad if you don't like the ideas and opinions of the NP members, maybe you should go moderate for a another domainer forum."

Logic 101 concept worth taking a look at:

http://en.wikipedia.org/wiki/Ad_hominem

I was throwing out an idea to improve on the accuracy and performance of a thread that offers to "APPRAISE" domain names.

That's the issue. It's not about me. It's about what this thread purports to be. Can we limit discussion to that topic?

 

[Sparhawke]

The trouble with accuracy though is that it is a very misgiving attribute, who knows who someone will approach with their domain from one day to the next? Let alone that when someone goes into a meeting with a set number they tend to close off all other ideas.

(True story, a young girl had be hit by a car and "someone" told someone to go get some bandages, blankets and other medical supplies from a chemist but they had run out, the idiot didn't even attempt to demand any alternative from the chemist and the girl died on the way to the hospital...people get so focused on one thing to the exclusion of everything else)

One of the first domains I ever appraised (read: blindly guessed at its value) was wildlife.net, Brad, me and others said around $mid-high x,xxx and it eventually went for $6k (I said 5-7k lol)

If the guy selling it had approached someone a week later or someone first or before someone stubbed their toe they may have been given more.

We just do not know who someone is going to approach, how they are going to approach them and how much someone wants that domain.

It could've easily gone meteoric, and it could've crashed and burned.

 

[bmugford]

That's like me saying, "Brad if you don't like the ideas and opinions of the NP members, maybe you should go moderate for a another domainer forum."

Logic 101 concept worth taking a look at:

http://en.wikipedia.org/wiki/Ad_hominem

I was throwing out an idea to improve on the accuracy and performance of a thread that offers to "APPRAISE" domain names.

That's the issue. It's not about me. It's about what this thread purports to be. Can we limit discussion to that topic?

I was not referring to you specifically. In general domainers need to learn to valuate their own domains.

I rarely post appraisals threads on here, because I already have a general idea what a domain is worth and what the potential end user upside is.

The problem with domains in general is there is no finite value. What is worth $0 to one person is worth $10,000 to someone else.

Brad

 

[Sparhawke]

I was not referring to you specifically. In general domainers need to learn to valuate their own domains.

I rarely post appraisals threads on here, because I already have a general idea what a domain is worth and what the potential end user upside is.

The problem with domains in general is there is no finite value. What is worth $0 to one person is worth $10,000 to someone else.

Brad

Would be nice to get one sometime though lol

I am the same, only been in the game a year but I spend a lot of time here learning from you, John, Kate, Stub, Blake, Micro and others that I am fairly good at recognising reasonable quality now, all I have problems with is keeping my feet on the ground :p

I think everyone should spend more time in here, that way they will have a far better idea what something may be worth when they see it

 

[WordWalker]

One should be happy someone gives their time to maybe save you big money at the end of the day. Why would someone give an appraisal to something they must buy? That makes no sense. I would appraise everything at $1...lol.

When someone volunteers to perform any task, the task should be performed competently. If I shopped price for Lasik eye surgery and the surgery went bad, does that mean I have lost my right to complain?

What if the surgery was performed pro bono? Would I lose my right to make a claim for damages altogether?

Perhaps if the thread was called, "Free Best Guesses" at valuation, that would be different. But, it's not.

 

[Larry Fling]

WordWalker, I've never really seen you around here. Maybe you should spend a couple of days in this appraisal section. Half the sht that is asked to be appraised is clearly crap to any normal human being. A lot of the time "if we want to comment" we have to lie not to get into trouble.
Maybe if there were stricter rules for which types of domains can be added for appraisal then we might be able to set a proper standard when appraising names.
Go through the threads quickly and without spending too much time tell me how many domains are there that you would appraise and more than regfee.
Like Sparhawke said, people need to LEARN a little bit more about buying domain names before they jump in and come here just to hear us say $0 or regfee.
Just my opinion.. Hope it made sense..

 

[WordWalker]

Maybe if there were stricter rules for which types of domains can be added for appraisal then we might be able to set a proper standard when appraising names.
Go through the threads quickly and without spending too much time tell me how many domains are there that you would appraise and more than regfee.
Like Sparhawke said, people need to LEARN a little bit more about buying domain names before they jump in and come here just to hear us say $0 or regfee.
Just my opinion.. Hope it made sense..

It does make sense. Maybe if domains submitted had to pass a "$1,000 Estibot valuation" test before being accepted on the thread, we would see better domains and better appraisals. Even if Estibot is off on some valuations, it would create a much better entry reference minimum for the quality of domain names submitted.

 

[speedaccu]

Its all the process of learning, no appraisal given might mean the names is not good. Rather than put a negative word on it.... just ignored it.

 

[firefly]

A wise person once told me: if you have nothing nice to say, say nothing at all.

I think this is why most people don't appraise a lot of names. It's a shame that some of the newer members don't benefit from some of the more experienced domainers knowledge, but like it has been pointed out; it is a free appraisal section. No-one holds a gun to someone's head to add there name there, or to indeed, appraise a name.

A lot of the time "if we want to comment" we have to lie not to get into trouble.

No...what gets most people in trouble (or at least will be from me) is two to four word appraisals. "Reg fee IMO" as far as I'm concerned is post pumping and will be treated as such. "Reg fee because I see no real comercial value with this name" is a few words longer but gives the owner of the domain an idea at least.

JMO

 

[Kate]

It's difficult to predict the exact price a domain could fetch, most of the time you can give an approximate range but everything is possible when you have a motivated buyer and a skilled seller.

What is easier to predict though, is whether the name actually has the potential to sell or not. Most of the domains posted for appraisal don't stand a chance, especially when you can find better alternatives available for regfee.
No buyers, no value.

And yes, lack of response is a response in itself. It suggest nobody seems to be seeing what you're seeing.

 

[emjohn]

When someone volunteers to perform any task, the task should be performed competently. If I shopped price for Lasik eye surgery and the surgery went bad, does that mean I have lost my right to complain?

What if the surgery was performed probono? Would I lose my right to make a claim for damages altogether?

Perhaps if the thread was called, "Free Best Guesses" at valuation, that would be different. But, it's not.

The analogies you are giving don't apply to this forum. You have to consider the format. If you want a "professional" opinion, you will have to pay for it. Just like Lasik eye surgery. I have not come across free lasik eye surgery. The more experienced domainers give their opinions freely, when they can afford an extra 5 minutes or so. Take it for what it is.

 

[WordWalker]

And yes, lack of response is a response in itself. It suggest nobody seems to be seeing what you're seeing.

Its all the process of learning, no appraisal given might mean the names is not good. Rather than put a negative word on it.... just ignored it.

So, when I put up these domains for appraisal last week was the lack of any response indicative of value?

Quinceanera.co

3dCamera.co

Sonoma.co

Gimme a break!

 

[vc]

I think we should have an appraisal thread for every tld. We have threads for other things way more informative that should not be merged due to information being buried between 20 pages (try searching through those), yet they still get merged. Not sure why the same doesn't apply to appraisal threads.

 

[Sparhawke]

So, when I put up these domains for appraisal last week was the lack of any response indicative of value?

Quinceanera.co

3dCamera.co

Sonoma.co

Gimme a break!

You posted it three days ago. I know this because I just went looking for it, many people were off for the weekend and as such a lot of posts were made that may not have been seen.

As I told you in PM, the 3dCamera.co domain is a very nice one, however that does not help when the extension is so new...people are avoiding appraising these domains just for that same reason as for the most part until they see how things play out we don't have a bloody clue. For a short time there was even a sticky asking people not to put them up for appraisal until things calm down and I personally would've kept it up for about 18 months with a note to say that if you do post one, don't expect an answer :p

Now, if you had had 3dCamera(s).COM to be appraised I can assure you, you would've got as many replies in 20 minutes as offers to buy in your proposed system of making people have to underwrite domains for the price they appraise.

No one ever wants to appraise my domains for some reason, maybe they are intimidated by my awesomeness or something but that does not really matter, I know my domains have value to people and when I go out to sell to people then they will sell themselves, I am not looking for exact pricing but merely an indication that they raise eyebrows.