RaiderGirl said:
UPDATE: Estibot now values it at $2200
And I typed in lowercase everytime....Keep entering this domain and you will see how it changes.
$2,200 seems like a fair estimate for this domain. Considering it recently sold at $2,000. That's a 10% error....Also EstiBot cannot account for PPC income because there is no way of knowing the income your site makes. The valuation is for the domain name.
The reason it varies is because Overture sometimes returns exact searches and sometimes not. This is a known issue. If I could afford it I would use Wordtracker to get rid of this fluctuation and a host of other problems, but they charge $0.08 per call so that's not an option for me as this is a free service.
Usually if you get varying results for the dollar value, I've found in my testing that the highest is often the most reflective of a domain's known sale price.
Value $490? wow! A domain that fetched over 2K at auction and earns over $100 a month, should I cash out now and sell for 4 months revenue?
Well, no. There is a big fat disclaimer on the results page saying that you should not.
RaiderGirl said:
Last week I entered my domain into estibot, it returned a 128K appraisal on a domain that Afternic appraised at 52K
Not so bad. How do you know which one is correct until you sell the name?
Looks like you got pretty good appraisals from EstiBot, even though it was a bit buggy and returned some fluctuating results. Those can be fixed, but I'm just working on it.
Naturally, if you don't find EstiBot helpful, don't use it. Also if you already know the value of your domain, then you won't need an appraisal. On the website I've extensively discussed its limitations and emphasized the role of the domain owner in valuing his/her own name.
To quote from the site:
More than anything, EstiBot is here to help you valuate your domain name. It will provide you with keyword data and domain registration information, and a ballpark valuation to give you a starting point for your own, critical appraisal of the domain name.
I emphasize that while EstiBot more often than not hits the right ballpark, some individual estimates may be quite a bit off, and as the beta testing proceeds, I get reports of these errors and try to fix them. An automatic valuator will never be able to account for everything, because a domain's value is not a scientific absolute, but depends on the motivation of both the seller and the buyer.
It's a work in progress, a tool that provides relevant keyword data at-a-glance, and is very much limited by services such as Overture, Yahoo and Alexa. Because it's free, I cannot buy any paid services. If it ever starts making money beyond covering its own dedicated server fee, I'll put the money to use and buy some keyword services to make it better.
RaiderGirl said:
It's not an appraisal service, its a program that somebody created to draw in visitors so they could sell other services
Er... since when was it a bad thing to develop and monetize websites? Strange comment especially coming from a member of a community packed with webmasters
and domainers trying to do just that.
Anyway, you are quite wrong about the motives and I resent your claim that I created it "to draw in visitors and sell other services". That was not why I created it, and how can you state something like that like it was some fact? I spend countless hours trying to figure out how to appraise domains mathematically for my own purposes, and once I felt I had a reasonable algorithm I decided to release it as a free site for beta testing. That I try to monetize the traffic is only natural. After all, I've put in more than 500 hours of work into it, and the dedicated server costs money, too.
RaiderGirl said:
Perhaps they can work out the bugs, but until they do, its really worthless and should not be used at all.
Thanks. However I'm happy to say that a lot of people use it, and as it is in BETA testing I rely on people using it and reporting to me the bugs and funny appraisals - otherwise I can't make it better.