Domain valuation tool: How to price and sell domains – GoDaddy Blog
Domain valuation tool: How to price and sell domains – GoDaddy Blog

Domain valuation tool: How to price and sell domains – GoDaddy Blog

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This post was originally published on April 13, 2017, and was updated on Nov. 20, 2019.
Have you ever wondered what your domain list was worth ? It ’ s an authoritative motion that ’ south worth answering. Whether you have a world that ’ s about to expire or an tidal bore buyer contacting you out of the bluing, knowing the importance of accurate domain valuation is key .
Are you sitting on an stranger luck like some antiques at a roadshow ? Do you have buyers concerned in your domains ? Are you an active investor with 600 domains, but simply don ’ metric ton have the time to manually update and research price each time the market shifts ?

From active world investors to one-off buyers and sellers, there ’ s a domain evaluation joyride for you .
Related : Tried-and-true tips for selling domain names for net income

How domain valuation works

Up until now, you had a few standard options for pricing and selling domains — you could ask experts in the field and get some feedback on the value of your knowledge domain, you could use some of the release or paid on-line appraisal tools, or you could guess .
yet, even if you happen to know industry experts, you ’ d still run into problems. Scheduling a time to talk, going back and forth over emails — let alone hoping they ’ five hundred want to sit down and appraise several hundred domains for you. You can see the delay .
There are a count of automatize appraisal tools available that can measure in majority, but most would agree that there ’ south decidedly room for improvement .
Since each sphere is unique ( for example, Garage.com is different from MyGarage.com or Garages.com in value ), the tax to differentiate the nuances of mean can be daunting for a machine to parse .
thankfully, with the use of some of the latest engineering and a wealth of sales data as the leading market for knowledge domain names, GoDaddy developed a tool that we feel is the market leader in evaluating and appraising sphere names .
Best of all, it ’ mho rid to use .

GoDaddy Domain Name Value & Appraisal uses an exclusive algorithm that relies on both car learn and real number market sales data to estimate domain values .
now, you can get the most accurate and comprehensive sphere pricing estimates available. It ’ s about like having entree to your own knowledge domain technical or antique appraiser right from your calculator .
Graph Shows GoDaddy Domain Valuation Tool Vs Competing Services
GoDaddy ’ s world evaluation creature can remove a set of the guess associated with valuing your domain names .
Jason Ansel, the creator of GoDaddy Domain Appraisals, had this to say :

“ Measured by mean error, the raw GoDaddy model is 1.3x better than the best of the four human experts, 1.5x better than Estibot, and 1.6x better than the average of all four human experts. ”

Having tested my average parcel of automated systems before, I was initially disbelieving ; but after using this instrument for years, and seeing the customer success stories, it was clear — the future of world evaluation is here .

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Key learnings

 Lightbulb Represents Key LearningsNow that the tool has been in use for several years, we have had a lot of feedback from customers on how they use it.

Use the domain valuation tool for price “gut checks”

immediately that the creature has been in use for several years, we have had a lot of feedback from customers on how they use it.

One great tip off from our customers includes checking large lists of domains with the instrument to get a “ gut check ” against what they think the knowledge domain price should be. This helps with finding domains that may be valuable but unfamiliar to you, such as a world related to an unfamiliar diligence or a world in another speech .

Use the domain valuation tool to pinpoint domains for purchase

It has besides been helpful to help narrow down large lists of potential domains to purchase. As there are thousands of modern expiring domains a day coming to the market, any tricks you can employ to help narrow that down can be identical helpful in finding the diamonds in the crude .

Use the domain valuation tool for help with domain list pricing

We know from our marketplace that having a Buy now price on a sphere name you list for sale helps increase the chances that it will sell. sometimes — specially when you have a fortune of domains — the job of pricing a domain can seem daunting .

Using the valuation tool can help give you a starting point to look promote into when deciding on your number price .

Besides the price point that the valuation joyride displays for your domain, it will besides show some examples of comparable knowledge domain sales. This section is found by scrolling below the tool ’ mho price results. There you will see a number of sales that our machine learning tool found that we think are similar to the domain you are researching. This data comes from our own sales database, angstrom well as many public knowledge domain sales sources .
These comparable sales help you see what the market is like for domains like your own .

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It besides shows why we think the price we picked is a bazaar price for your domain. Domains are singular, so it can be difficult to pinpoint the fetching price for your domain, but the domain evaluation tool does help you to get a beneficial theme of the market around alike world names .

Make more money with domain investments

so army for the liberation of rwanda, the response to the GoDaddy Domain Appraisals cock has been positive. From increased sales to more accurate valuations, customers are having more success with price and deal world names .
We ’ ve besides had success stories from buyers and sellers who used the tool to help find a good market price both parties could agree to .
Accurate world valuations are a recipe for achiever .

research and market awareness continue to be important, but using the GoDaddy Domain Name Value & Appraisal instrument could be another valuable arrow in your pulsate for making money with your domains .

In conclusion

At the end of the day, a world name ’ s prize is what person is uncoerced to sell it for .
We strive to provide fairly market value ( i.e., what we think the domain name should sell for in an open grocery store ) so that you can make train decisions .
While the evaluation tool can be very helpful, it ’ s besides important to keep in heed that it is an automated tool. It ’ second essential when making any type of fiscal decisiveness about either buying or selling a domain diagnose that you look over the price and do some extra research yourself before making any final decisions.

How you determine your knowledge domain evaluation is entirely up to you, but we recommend going beyond guess and seeking out adept advice when potential .
The appraisal tool is an automated cock and should not be used to determine final examination world values. As in any fiscal attempt, use your best sagacity when making fiscal decisions .
image by : Philipp Katzenberger on Unsplash

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