How do I Appraise my Domain Name?
How do I Appraise my Domain Name?
The first step to appraising your Domain is asking the right question. How much a potential buyer would be willing to pay to acquire your domain name – is a good start. Interest in your domain name will definitely increase its intended value, specially if you consider auctioning it off.
How do you determine if your domain’s worth? Most individuals are quick to reply, “Simple, get it appraised.” However, what they need to understand is that there are no industry standards when it comes to domain appraisals.
A multitude of companies on the web offer to evaluate your domain with their opinion on your domain’s worth. Of course, their service cost do apply; anything between the range of $10 to $50, in addition to their online certificate. However an appraisal certificate may not necessarily do anything for your domain name. You also need to consider that a single domain name can have a range of differing values when evaluated by different appraisers.
We have repeatedly heard that a domain name is only worth what a buyer is willing to pay for it. It is evident that even if a domain name has been evaluated at $1,000 but takers will only shell out $600 then the real value of the domain 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, research on forums with active appraisal boards, professional domainers, individuals that have been in the business for a long time and online portals that have achieved a name for themselves in terms of domain appraisals. You will then be able to contemplate an asking price if there was indeed someone interested in the name.
Do play smart and put forth your query with caution considering the number of scams on the internet designed to play on your emotions and get your money. A common instance where a “buyer” shows some interest in your domain name and requests it to be appraised from a particular appraiser and insists that no other appraisers will do. After you pay for the appraisal services, the ‘buyer’ suddenly disappears. Countless fall for this cruel trick with the hope that finally there is someone interested in their domain. I suggest that you research the appraisers website through customer feedback and industry reviews. Keep in mind that genuine buyers are more interested in the domains intrinsic value.
Do make sure you are engaging with a reputable company if you do decide to apply for a professional appraisal.
See http://www.ResellerClub.com to become Domain Reseller and Web Hosting Reseller
Copyright 2008 Sandra Matthew