Sedo Suggested Price $1,999... Should I Trust it?

Discussion in 'Domain Marketplace Reviews' started by LiamShiff, Oct 7, 2017.

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  1. LiamShiff

    LiamShiff Established Member

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    Uploaded a few short one-word .tv domains on SEDO and they suggested a BIN of $1,999 each.

    Anyone with experience with its reliability? Can it be trusted?

    I can share the domains if it helps more
     
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  2. korganian

    korganian Active Member VIP

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    Simple rule is Never use appraisal values from any software program.
     
  3. GeorgeK

    GeorgeK Leap.com PRO Business Account VIP ★★★★★★★★★★

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    Last edited: Oct 7, 2017
  4. LiamShiff

    LiamShiff Established Member

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    What are they good for then?
     
  5. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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    Don't use the Sedo appraisal tool, it's not accurate and it's really for noobs imo.

    I've had LLLL.coms worth $x,xxx get appraised there for like $200 (and yes I sold them for four figures.)
     
  6. korganian

    korganian Active Member VIP

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    They are great for the registrars because they cause novice domainers to waste enormous amounts of money registering worthless domains.
     
  7. LiamShiff

    LiamShiff Established Member

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    I agree, but just out of curiosity, all the cases that have been mentioned are when the appraisal tool undervalues the domain... does it ever overvalue it?
     
  8. LiamShiff

    LiamShiff Established Member

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    I once read that these tools give you the pure keyword value of your domain based on pretty basic metrics like the number of search results and such, as opposed to the full value of the domain which includes the keyword value... Does that ring a bell? Or is it pure BS as well?
     
  9. Beezy

    Beezy Active Member VIP

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    See post #2 in this thread.
     
  10. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

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    Making newbies waste money on garbage domains making GoDaddy etc... rich. Making newbies underprice their domains at aftermarkets leaving money on the table.

    You can't automate an appraisal on a unique item. 2017 Honda HRV AWD sure as thousands exist so nothing more than condition, model, mileage and a trip to KBB.com Only 1 .com domain exists of any term so you can look at past similar sales, how good is the domain, how much profit margin in the product or service the domain covers, gut etc...

    If I ask $50 for a domain I'll get it, If I ask $5000 for that same domain I'll still get it. So very dangerous to trust an automated tool to predict what you should buy or what you should sell for.

    As soon as I hear automated appraisal Estibot etc... I think the owner should just write Newbie on their forward in black marker and it's not just newbies that tout automated appraisals as having value I've seen some old timers parade them around like the "metrics" they show do more good than harm. Do more good for the registrars in useless registrations but hurt more domainers when they label garbage as having value and label value as garbage. The hurt comes from newbies registering hundreds of domains that will never sell and when they land on a gem they sell it for $20 at a forum instead of $4000 to an end user. I've sold many many domains over the last 15 years that an automated appraisal tool would say $0-xxx and they all sold for high xxx-xx,xxx. Success rarely comes automated, put the work in.
     
    Last edited: Oct 7, 2017
  11. Shuttlepro

    Shuttlepro Supportive Member NamePros Supporter

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    Judgement, common sense, and a little estibot.
     
  12. LiamShiff

    LiamShiff Established Member

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    @Beezy @Shuttlepro @SpareDomains Thanks for the info

    I don't trust these appraisal systems at all.

    The reason I am asking is to weed out all the things that can make you fail (automated appraisals, certificates, etc.) in order to fully focus on the important things.

    Really appreciate the feedback @GeorgeK @korganian @creataweb

    nice to see many VIP members respond! That's why I love NP!
     
  13. Kate

    Kate Thinking inside the Box™ VIP ★★★★★★★★★★

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    Yes, most of the time the domains are overvalued, because they have virtually zero chance of selling. Especially when they are in oddball extensions. Thus they give false hope to newbies who will end up wasting a lot of money on worthless domains. In that sense I think they are doing more harm than good.
     
  14. 1Darko

    1Darko Established Member

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    Check sales data of .tv domains on namebio.
     
  15. kite26

    kite26 Supportive Member NamePros Supporter VIP

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    If this keyword works well with .tv extension maybe you are in this range or even more. But it has to be perfect match like amazing.tv, sports.tv, etc.
     
  16. LiamShiff

    LiamShiff Established Member

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    I did. Most names are sold on Sedo and most of them are completely unrelated to the .tv extension

    @kite26

    For example, here are the sales results for 5-letter domains .tv
    Bible.tv $5K
    Grill.tv $5K
    etc. (see the link) https://namebio.com/?s==EDOyUjN1QTM
     
  17. kite26

    kite26 Supportive Member NamePros Supporter VIP

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    Yes, all these are very strong keywords. For example, Bible.tv has value because it is perfectly focused on the subject of religion. Strong keyword, strong relation .tv extension.
     
  18. eko prasetio

    eko prasetio Active Member VIP

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    i see at namebio, dwn.com sold for 3,226 USD ? what............................................... ?
     
  19. GeorgeK

    GeorgeK Leap.com PRO Business Account VIP ★★★★★★★★★★

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    That was the US Dollar equivalent of the Euro transaction price. Obviously the Sedo "suggested price" was far too low.
     

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