Domain Appraisals ?!?
FYI, HugeDomains also has a 12-month payment plan with no interest. I could use the domain immediately, but I wouldn't fully own it. And if late with payments, it goes away and you loose it all.
I'm pretty sure domains are worth whatever you can sell them for. I'm not really in favor of paying more than the standard $20 a year for registration. These days I'd say placement on Google and a good social media presence can overcome an awkward domain name. (I feel like we had this conversation long ago though.)
I'm not sure I'd say that price is a lot to spend if you see this as an 'important business asset' though. I've seen businesses pay $5-$10k for a name before.
Inquiring about a name can also make the price go up, so you have that to worry about now!
Offer them the "appraised" value (include a copy of the valuation or valuations) plus $100 and see what happens. A lot depends on how long they have held the domain name and if they feel that they are likely to get another byte before next St. Swithens day. It is probably worth more to you than the appraised value, but put a limit on what you will pay for it and keep negotiating. . Heck, one sale or contract from using the site will pay for it several times over.
qrysdonnell said:
I'm pretty sure domains are worth whatever you can sell them for. I'm not really in favor of paying more than the standard $20 a year for registration. These days I'd say placement on Google and a good social media presence can overcome an awkward domain name. (I feel like we had this conversation long ago though.)
I'm not sure I'd say that price is a lot to spend if you see this as an 'important business asset' though. I've seen businesses pay $5-$10k for a name before.
According to HugeDomains: "The value of a domain is based on a number of factors, including, but not limited to: comparable sales, the length of the domain, and the meaning behind the name itself. When approaching HugeDomains with an offer, you are asking us to manually review the price of the domain. In doing so, we may determine that we are willing to accept less than our asking price. In some cases, we will determine that we are not willing to accept less than our asking price, and on the rare occasion, we will discover that our asking price is too low."
On the phone they claimed to have some type of formula that determines price. But why is it so different from all the appraisal sites?
I guess you're right.... domains are worth whatever you can sell them for.
It's important to me to have a good domain - easy to remember (and spell), somewhat short, etc. Getting a not-so-great domain name and hoping for good placement on Google seems risky to me. But then again, I don't know!
bobk said:
Offer them the "appraised" value (include a copy of the valuation or valuations) plus $100 and see what happens. A lot depends on how long they have held the domain name and if they feel that they are likely to get another byte before next St. Swithens day. It is probably worth more to you than the appraised value, but put a limit on what you will pay for it and keep negotiating. . Heck, one sale or contract from using the site will pay for it several times over.
I can try. But I suspect they won't care.
Domain names aren't like cars, so there's no real way to determine value other than a prior sale price. I didn't even know there were domain appraisal services, I can't see them having much of a function in the way the market works. Domains are all unique. If you have one someone wants there's no reason to accept less than the top dollar they'll pay.
to my understanding a domain name does not influence google rankings
new207040 said:
to my understanding a domain name does not influence google rankings
I believe that's right. But you may need to improve your google rankings if you have a lousy (or less than optimal) domain name.
If your domain contains a key word that someone is searching it likely influences results. Not as much as page content, though.
As for the domain, maybe find clever work-arounds using different country domains? Youtu.be, Newyor.kr, etc. There are many new TLDs these days: .site, .plus, .show, .taxi, etc.
I'd like to purchase a new domain, but the company HugeDomains.com owns it. They are asking for $1600. I've gone to various domain appraisal websites - EstiBot, Valuate, etc. - and all appraise the domain at $210.
I really really want this domain (work related). However it seems criminal to pay so much more than its worth.
My question: is this a common practice? Should I suck it up? I already called HugeDomains and got $200 off the price. But still, $1400 for a domain valued at $210? Ugh.
Anyone have experience with this? I don't want to use .net, .org, etc. Need to be .com.
Thanks for the help!