I recently wrote about the GoDaddy valuation tool that was updated a month ago. The algorithm that powers the tool uses the growing database of Afternic sales to give a valuation of what the algorithm think the domain name is worth. I thought the prior iteration of the tool was pretty worthless because it was only based on traffic and PPC earnings.
Now that the revamped valuation tool has been showing for a month, I am curious about whether others are using it.
When I have the time, I use the valuation tool as a way of sorting auctions. I don’t think I have placed more bids as a result of the tool though. Sometimes it helps me find names I may have missed. One thing the tool has done is made me second guess some names. There have been times I have been thinking about bidding on a name, and I wonder why GoDaddy thinks it has no value. There are other times that I see names with bids and high valuations, and I do a Google search to try and understand why the domain name may have value to bidders.
Do you use GoDaddy’s valuation tool to help you place bids at GoDaddy Auctions? You are welcome to share your feedback if you would like.
Hello Kiddies. Welcome to Summer School.
Y’all here because you f*cked around during the regular semester and now you’re paying for it. While your friends are out at the beach, you’re here with Dr. Domainer getting the shaft.
Alas, I will make things as painless as possible because I am nice.
Repeat after me: DOMAIN VALUATIONS AND VALUATEURS ARE ***WORTHLESS***
Alrighty. Pants Down!!!
I’m paid to be here… how about you?
I’ll be in Nantucket in July though.
No and will never use it. IMO, all valuations are worthless except human valuation. All tools are either money making machine for their owners or giving wrong guidance.
Just so it’s clear, I don’t use the valuation column as a way of predicting the worth of a domain name or its sale price. I use it because it can help find domain names that GoDaddy’s algorithm has pegged as having value and then choose whether or not to bid.
I havent used the valuation tool, but Estibot and NameBio are helpful. If Godaddy has added a tool based on Afternic sales its a another reference tool. Real valuation is based on intuition, research of end user, and your leverage position…
I’ve been thinking about this sale today while riding my bike and have come to the real and actual conclusion that it is worth AT LEAST 100 million US Dollars. If you disagree, then you should just pack up and get out of the domain name game.