Web Domain Registration

Poll

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Author:
Edwin John

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?

If you were to visit any domain reseller sites, you will find literally thousands of ridiculous names. If you scrutinize their asking prices, it will leave you shaking your head in amazement. They run into the thousands and even millions. Names like ApeChatsWorth.com.....It would be better to let them expire or sell cheap if you can find a 'fool'.

So how do you tell if you have a winning name?

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.

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

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

A Quick Note From The Publisher... If you like the article above, you may be interested in the following article which is also related to Domain Names... Choosing A Domain Name For My Business The domain name for your business is your online identity. You should be very careful about choosing a domain name that is memorable, scores quite well with search engine listings, has a trust factor attached to it, and commands a brand value. A domain name is quite important for your business correspondences and emails. A long one can cause problems in communication, especially if the domain name seems complex. Here are some tips in choosing a well-meaning domain name that captures the essence of your brand image or business: 1. Keyword oriented or a unique domain name? If your website is going to have a crucial role to play in your business, then it is important to have an adequately researched keyword incorporated within the brand name. Use the most searched-for term in search engine queries, within your domain name. Prior to launching your online business, you should do some research through website tools to find out which keywords register the most number of traffic during a month. For example, if you want to make a website based on advising people, you will find that the keyword help is normally typed in the search engine query window a lot more frequently than the word aid. If your domain name includes targeted keywords, than you will get higher rankings in the search engines like Google and Yahoo. You should bear in mind that, apart from having the targeted keyword in your domain name, you should also have keywords in other parts of your site as well. 2. Use a company name only if you are famous: That is right. If your company name overwhelms the basic product name, then by all means go for the company name as your domain name. For example, people normally use the term Xerox rather than photocopy and if you are Xerox, then you should go for Xerox as a domain...