This is the most crucial question a domain trader should ask before investing. The type of domain name you register or purchase determines whether or not you generate money from your investment. Domain names are like virtual real estate and investing in domain names is similar to investing in real estate. Before acquiring a URL, you must understand what you are doing and conduct your research. Whether you are purchasing website addresses to create a site, market, park, or sell for a profit, the value of those addresses can determine your success.
How to Estimate the Value of Your Domain?
Although there is no exact formula for determining the worth of a domain, there are methods for obtaining an approximate value. We recommend you attempt all the strategies listed below rather than relying on just one.
1. Find Out How Much Similar Domains Are Planning to sell
Find out how much similar domains are planning to sell at the very least price; this provides you with a target range.
The issue with this method is finding relevant data. Many domain sales are unavailable to public knowledge, and no database keeps track of them. Some resources, such as Domain Name Journal, aggregate data from various marketplaces to show you which web addresses have recently been sold for a good deal.
2. List Your Domain Name for Sale and Review Initial Offers
The best way to find out how much people are willing to pay for your domain is to list it for sale and let the market decide. You are not required to set a price for listing on most of the listing services. Sedo, for example, allows you to list domains for free and accept offers without committing to anything.
3. Use a Domain Appraisal Service
There are several domain appraisal services with various features. You can use automated services like EstiBot, which allows you to enter a domain and get a value in seconds. Here is a list of the top 5 domain name appraisal tools:
5 Best Domain Name Appraisal Tools
You will see that the value varies from site to site. What the buyer decides to pay is the true value of your URL.
It is an excellent idea to acquire a second, third, or fourth opinion from another appraiser. Gathering data from several appraisers will give you an idea of the domain name’s value range. Make a spreadsheet with the names you own and enter the appraised values from various appraisal sites to manage your VRE better.
Domainindex.com is a free public service that generates price indices for domain addresses to track price changes. An all-encompassing technique provides a highly detailed rapid appraisal based on the sales price or worth.
2. Estibot.com
Estibot is a well-known and widely used free appraisal service that performs over 1.3 million daily appraisals. Its search engine relies upon registrants, investors, and the IRS to calculate the accurate, fair market value based on past transactions and other criteria. Appraise drop lists, an end-user lead generator (to help you sell your URLs), an advertiser bid tool, and API access are among the features. For a modest cost, Estibot also gives appraisal certificates.
3. Valuate.com
Valuate.com is a free valuation tool that will provide a reasonable appraisal value based on the metrics of your domain name and the sales of similar domains. I appreciate Valuate.com since it includes all other significant statistics in an easy-to-read table, such as top sales reports, search frequency of website addresses, traffic, competition, and CPC. Valuate.com will also look for trademark violations. You are limited to five free submissions per day; There is a free registration to become a member if you are willing to submit more than five.
4. GoDaddy.com
GoDaddy is the world’s largest registrant of website addresses; it also runs its auction, market, and drop market. GoDaddy’s free domain name appraisal tool provides you with various values rather than just one. It is immediate, free, and includes an appraisal certificate that you can easily print. To utilize the service, you must first log into your account.
5. Sedo.com
The most prominent domain brokerage in the world may be found at Sedo.com. After becoming a member of Sedo and logging in, you will have access to a quick assessment service.
Final Thoughts
Domain name trading is like real estate trading. To sell your domain name for the best profit, you need to estimate its value using domain name appraisal tools.
If you are willing to sell your domain securely and earn a substantial profit, you can trade it through Domchain’s platform to secure your domain trade by blockchain technology.