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GoDaddy’s Domain Appraisal Accuracy
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This morning, I reviewed my website’s traffic report. I noticed a search keyword used by a visitor: “is GoDaddy appraisal accurate?” I share the same concern. Based on my own experience, I have some thoughts on this topic.
I have a collection of domains that I want to sell. To determine their value, I need to evaluate the current market. This assessment will help me set reasonable prices for my domains. Understanding market trends and comparable sales is essential in this process.
I found GoDaddy’s Value Calculator tool on Google. I thought it would be helpful since GoDaddy is a top domain registrar. I entered my first domain name and clicked the “Get Value” button. The estimated value came back as less than $100.00. I then tried my second domain. I continued with my third and all the way to my seventh domain. To my surprise, the answer was the same for all seven strong keyword domain names. They all had a value of less than $100.00. How can this response from GoDaddy be accurate for every single domain I tested? It doesn’t make sense.
I do not find the values offered by the GoDaddy Value Calculator to be accurate. My domains vary widely in structure and extension, yet they show the same value. This has led me to believe that online domain appraisal tools are often unreliable. They refer to it as “estimated value” for a reason. I notice this particularly with free online appraisal tools. Their assessments are disappointing and not trustworthy.
Here are some benefits of paying for a domain name appraisal compared to using free online tools like GoDaddy’s Domain Value Calculator:
Accuracy: Paid appraisals often use more sophisticated algorithms and real-market sales data, providing a more accurate valuation.
Expert Insights: Professional appraisers can offer personalized insights and guidance, helping you understand the nuances of your domain’s value
Comprehensive Analysis: Paid services may include a detailed analysis of factors such as domain memorability, keyword popularity, and historical sales data
Custom Reports: You can receive custom reports tailored to your specific needs, which can be useful for negotiations or investment decisions
Support: Paid services often come with customer support, ensuring you have assistance if you have any questions or need further clarification.
While free tools can give you a general idea of your domain’s value, investing in a professional appraisal can provide a more thorough and reliable evaluation.
GoDaddy is a well-respected domain registrar. They have an excellent reputation in the industry. I recommend trying the free GoDaddy Value Calculator to see how it works for you. However, please be cautious with the values you receive from free tools. They may not always be accurate. For better options, TopSellingDomain.com offers great domains for sale. They also provide professional domain appraisals done by real experts.
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Any questions or concerns about their domains for sale is to be directed to the Sedo Customer Support Department.
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