We're still in business. But if you need help, I suggest using the website because I usually don't catch every post on here. If you are asking for a feature we don't have, it's probably going to take some time especially if there's only 1-2 people asking for it. In this case the customer is asking for a whole new payment provider for their specific situation as the current system is working as expected.
Domain sales require you to have patience and be able to accurately assess a name's value. My recent sale below took over 8 years from the time I purchased the domain.
If you are selling a high-value domain, it makes sense to quote a high value appraisal (if the appraisal seems legit). I've seen NameWorth be as accurate in as much as 80%-90% of the time. But if it isn't due to some sort of mistake or partial term that it is picking up, you would need to know enough not to show it in those cases.
On a scale of 1-10, I'd say NameWorth is at about a 6 or 7 now, so you still need to apply some of your own decision making to the pricing process. We had some challenges in August from 3rd party companies that caused us a little bit of a set back, but we should be able to fully recover from that in the next month or two. In the next month or two, it should be up to a 7 or 8, and by the end of 2023 I'd estimate that NameWorth would be up to a 8 or 9 in terms of accuracy.
For most investors that are getting started, I'd say only price your best domains at the NameWorth value or above when it is in the $xx,xxx range. But to get consistent sales and get things moving, price the majority in the lower $x,xxx range. I have about 7,000 domains. I used to sell about 60+ domains for a total of $130k per year. Now, since converting my pricing strategy, I only sell about 15 domains per year for a total of $130k per year. Next, I'm going to get rid of most the domains that I have priced in the low $x,xxx range, because those are the domains costing me the most in renewals because of the sheer quantity while providing the lowest amount of revenue. So this should take me down to probably 4,000-5,000 domains while keeping just the domains I think can sell at $10k or more.
So, I wouldn't judge NameWorth based on the numbers you see being too high, because it's geared towards the higher end of the market, which may, or may not be a good fit for you depending on your situation.
For anyone needing to determine if they should stick with the NameWorth pricing, get the GoDaddy membership and do their Domain Academy. Even if you feel like you know everything already, it will likely give you enough to fine tune what you are doing. Sometimes the NameWorth value is off significantly. In these cases, you fall back on your skills to determine what to keep and what to let go.
An easy solution for this is just running parts of the domain through NameBio. I had a pretty good sounding name that ended in ......DaySpas.com. If I look up the term in NameBio, it shows there has never been a sale for a domain ending in DaySpas.com. So in a case like this, it's obvious you should drop the domain because you don't want to be breaking ground as the first person to sell a domain with a particular keyword especially with renewal prices increasing and the looming recession.
Personally, NameWorth helped me increase the price of indicor(dot)com this summer, which sold in November, 2022 for $29,500. It would have been about a quarter of that amount had it been my price before the NameWorth recommendation. So this one sale would have only been $5,400, rather than $29,500 had it not been for the NameWorth estimate. I don't know about you, but for me that difference was huge.
I held this domain since 2014 with 0 offers. Most domains are going to have 0 serious offers until it sells. If a domain is truly worth it, make it sell for your asking price.
Some people say "no appraisals work", and that's the whole reason I created NameWorth in the first place, because I was seeing firsthand that they didn't work. After 20 years of investing, using it has made me better at more objectively looking at domain quality. When I was running the expired domains newsletter it was accurately predicting the highest quality domains of the day up to 80% of the time. I've seen it firsthand with my own eyes, including my recent sale below.
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