Automated domain appraisals aren’t perfect but smart domainers can use them to their advantage.
GoDaddy released its automated domain name appraisal system to the public last week, and quite a few domainers disagreed with the values it provides.
Valuing domain names is very difficult, especially with automated tools. Domain names are unique assets. The sales price of a domain name has a lot to do with how much money the buyer has and how much the seller is willing to hold out for.
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Still, automated appraisals provide immense value to domain name investors. You just need to know how to use them properly. If you dismiss tools like GoDaddy’s and Estibot’s out-of-hand, I think you’re leaving some great data (as well as profits) on the table. Here’s how I recommend using automated appraisals: Click to continue reading..