How Do I Get My Domain Name Appraised
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info
What's your domain name worth?
Perhaps it is better to ask how much a potential buyer would be willing
to pay to acquire your domain name. If there was some interest in your domain
name, you ought to, at least, have some kind of idea of its value. Generally,
is the domain good or bad? If good, how good is it?
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I know someone will be quick to say, "That's easy. Get
them appraised."
Well, you could do that. But the problem with domain appraisals is that
there are no industry standards. And you simply cannot put a market value
on it and give an accurate appraisal by any standards. Perhaps, in that sense,
a domain name is different from real estate because it is not something you
can see or touch.
There are numerous companies and sites on the web that will
evaluate your domain and give you their opinion on what your domain name
is worth. Their
services cost anywhere from between $10 to $50. They give you a nice certificate
online. But let me tell you that, an appraisal certificate may not necessarily
do anything for your domain name.
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As can be expected, a single domain name can have vastly differing values
when evaluated by different appraisers. Values can differ by tens of thousands
of dollars. You have probably heard it being said over and over again that
a domain name is only really worth what a buyer is willing to pay for it.
Or what the buyer and seller can agree on to make a deal. So even if a domain
name has been evaluated at $2,000 but if no one wants to pay out more than
$200 for it, it is obvious the real value of the name is far less than the
perceived value that it was originally appraised for.
If you have absolutely no idea what your domain name is worth, getting a
professional appraisal may be useful as well as to give you a basis for an
asking price if there was indeed someone interested in the name or simply
to decide what you want to do with the domain name. A potential buyer already
interested in a domain name you have, may be further swayed towards your
position by an independent appraisal.
However, let me caution you to be careful. There are a number
of thriving scams on the internet designed to play on your emotions and
get your money.
One instance is when a so-called "buyer" feigns interest in your
domain name but requests first for an appraisal from a particular appraiser,
just to be sure of the market value, he claims. Then, insists that no other
appraisers will do. It doesn't take a genius to see through this. If you
pay for the appraisal, the so-called 'buyer' suddenly disappears, no doubt
to fleece his next victim. Many fall for this cruel trick in their ecstasy
imagining that finally, there was actually someone wanting their domain name.
Before you spend any money, check out feedback on the website's services
from other customers. You can do this at Alexa.com. Simply enter the name
of the website and you can see reviews and feedback from other customers.
A genuine buyer who wants your domain name is interested in it, NOT because
some appraiser says it is worth a princely sum. But only because he himself
sees it's intrinsic value and/or has specific plans for the name. Keep this
in mind.
There are a number of free domain appraisal services you could try just
to test the waters around your name.
A number of domain name forums have active appraisal boards where you can
post your domain names and someone will evaluate it for you. A search on
your favorite engine will give you several options.
You may also have come across automated computer scripts online that give
you a free instant evaluation of your domain name when you put in certain
required details about your name. Those give you a ballpark figure but sometimes
do grossly inflate the value. It is after all a script.
If you do decide to get and pay for a professional appraisal, make sure
you are engaging a reputable company or you would end up blowing your money.
If you're still undecided, let me take a look at your domain name and I'll
evaluate it for free. No obligations. See http://www.OpenForSale.com/ to
submit your domain name.
Copyright 2005 Edwin John
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our domain sellers book now
About the Author
Edwin John is the author of the top-selling domain ebook, "How
I Sell My Domain Names."
A guide that teaches domain owners how to find buyers for their
domain names. Visit:http://www.OpenForSale.com/
Submit your domains to interested companies: http://www.DNames.org
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