closed Estibot Algorthym Change

[Seanster]

About 9 months ago all my domains were appraised using Estibot. Now, I am not a member, but every time I check the valuations are about 80% of what they were. I emailed them about it to see if there was an error and there was not.

I know domain values are down, but not 80% . Anyone have experience selling against there new values?

I don't know what they were thinking before, but their values WERE way to high before, or they may be TOO Undervalued now.

What do you guys think?

Chow!

 

[silentg]

Stay away from automated appraisal sites.

 

[katherine]

Automated appraisals are absolutely pointless and unscientific.
If estibot was accurate all domainers would be millionaires. An appraisal is just that, an appraisal.
Estibot still won't sell your domains.

 

[Seanster]

I hear ya thanks. Just trying to get a point of reference, but as I sell a few it becomes more obvious. Was there a better place to post this thread, I just saw this is for appraisals only.

 

[silentg]

Point of reference > (Use anyone of these to get domain sales data)
http://dnsaleprice.com
http://namebio.com
http://domaintools.com/domain-sales-history

 

[Mark Talbot]

The best accurate appraisal is a sales invoice.

 

[ninjadomain]

Like a clock that doesn't work, only right a couple times a day, but you may not know when.
However, does give you a good overview, just apply some common sense and experience and you'll have your own appraisal.

 

[KING]

I use estibot for enterntainment purposes, they are not even remotely close on the values. I use the info they provide to decide on value but not the value they provide.

Most of the times it costs me money I'm not sure of a name then I punch it in there and it shows potential I buy and find out its garbage like I though it was. Try to be honest with your self it's best appraisal you can get. Put your self on the other side and say would I buy this if someone was selling and how much would I Pay

 

[valeria]

estibot is a joke.

 

[DomainMagnate]

previous sales, as in namebio.com is the best point of reference.

 

[Welkin]

I think Estibot is more like a game. You can use it every month just to see what figure it will show you that time.

 

[JDN]

Estibot can be useful.
Although the actual appraisals are off, you can use it as a point of reference by comparing two similar domain names. After all, it's all relative.

 

[mvl]

Automated appraisals nowadays are very good ...







... for entertainment

 

[advermain]

only some domains that are sold and are reported by dnjournal are close to estibot's value, but not all of them.

 

[valeria]

You know why domains are close to estibot value? Because after there are confirmed domain sales - estibot crew manually adjust domains value to be in 5-10% gap from the price sold. Seen it like 100+ times now.

Not so hard to put a price of 98,000 or 105,000 on a domain that sold for 100,000. And then you look like a boss appraisal.

 

[valeria]

And just to confirm my words.

travelguide.net

$10,100

2009-09-16

sedo.com

And now lets see estibot.

TravelGuide.net

$10,000

TravelGuide.com

$4,300

That's your "wow estibot appraisal was really good on this one" appraisals.

 

[Seanster]

Hey guys, thanks for the input. Valeria thats an excellent example. FunnY! Yeah, they always say, its worth what someone is willing to pay. THe problem with looking at old sales, is you never know how motivated the seller is. so you can get 10% to 100% of the max value. Then their interpolation makes it even worse.

The worst part about it was when I asked about their algorithm change they kept telling me NO ONE would be willing to pay X for that .org. When that wasn't the point, the point was, thats what THEIR machine gave me 9 months ago, but they kept looking at me for fault. Or telling me domains have taken a hit, dah! BUt not a 90% deprecation hit as their tool said. They were just giving me normal knee jerk reactions, was a bit disconcerting. But in the end they were pleasant about it.

 

[PRED]

I don't want to sound too harsh but any seasoned domainer on hearing someone use the word 'estibot' will place you in one of 3 camps:

1/ joke figure
2/ noob
3/ scammer/chancer

 

[Seanster]

Pred, hence is why I posted, to show other noobs the issue, and the lesson I learned to get out of those categories. So now that you have maybe "labelled" me, should I not post other lessons that could help other noobes in the future at the risk of being labelled?

 

[PRED]

this section is for getting appraisals from experienced domainers on a given domain name
not chatting about estibot etc
you haven't listed a domain name. I am surprised this thread hasn't been closed or moved

as you can see noone is interested if estobit has changed its algorithm. noone would care much if it went down
just trying to keep it real for you