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Domain Investing
Take a closer look
You hear about domain names selling for hundreds, sometimes thousands of dollars, but how can you find out what your knowledge domain names are deserving ? capital news program ! GoDaddy has a knowledge domain evaluation tool to help you determine the value of your domains .
Related : The top 25 most expensive domain names
GoDaddy domain valuation tool
In the past, finding out the measure of your knowledge domain would mean contacting an technical and trusting their expertness to give you a calculation. This could be inconvenient — particularly if you have a distribute of domains or if you are concerned the trust may be misplaced .
now you have a tool at the touch of your fingertips from GoDaddy .
You can get a evaluation of your domains from a sure leader in the diligence .
fix to learn more ? here ’ second what we ’ ra going to cover in this post :
- Why a domain’s value is important.
- How the domain value is calculated.
- How to use the free GoDaddy domain name value tool.
- How to use the valuation results to your benefit.
Let ’ s get started .
Related : What is a knowledge domain name
Why a domain’s value is important
All domain names have some kind of rate. While the million-dollar headliners aren ’ thymine as common, the domain name in your pocket could be worth more than you think .
A knowledge domain is an asset with intrinsic value .
just like all the early things you own, your domain could be worth a distribute. Think of a world name ’ s value like on-line real estate .
A beachfront condominium in Miami is going to be more expensive than a condominium in Cedar Rapids, Iowa, and a shopfront in New York or Paris is going to cost you a set more than one in business district Lincoln, Nebraska .
Zillow has made things easier to navigate when looking for a ballpark idea of your base ’ south rate or the value of that condominium in Miami, but until recently, knowledge domain names have been harder to rate in an automatize manner .
We all know why understanding the value of your home is crucial. If you ’ rhenium plan on moving to another city or daydream of a house on the beach, checking the home plate ’ s value on an automated tool is very apposite .
possibly you ’ rhenium sitting on one of those capital names worth millions of dollars. tied if you don ’ t have a name worth millions, it ’ s a good theme to understand the value of your domains. You might find out that a domain you own is worth more than you initially thought .
When it comes to domain names, the uses might be less obvious, but there are some cool things you can use the release GoDaddy Domain Name Value & Appraisal joyride for .
How domain name value is calculated
GoDaddy ’ s domain evaluation tool ’ second algorithm uses proprietorship machine learning and real market sales data to estimate world values, providing you with comparable knowledge domain name sales so you can price your domains with confidence .
The joyride besides looks at exchangeable domain names based on the TLD ( Top-level sphere ) and SLD ( Second-level domain ) — the words to the good of and left of the point respectively ( e.g., in the case of Cars.com, cars is the SLD and .com is the TLD ) .
Each domain name is different and the domain evaluation instrument factors singularity ( among other things ) into the equation, excessively .
The length of the knowledge domain name is besides examined. A domain with less than 15 characters has a greater value .
basically, the shorter a domain, the higher the value .
This is specially true with the circumscribed sum of domains still available using just the 26 letters of the English rudiment ( excluding numbers, dashes and IDNs ) .
In 2013, WHOAPI.com confirmed that all the four-letter domains are registered .
coincidentally, most domains less than four characters long are valued in the thousands, tens of thousands and even hundreds of thousands of dollars — depending on their TLD and SLD .
How to use the domain valuation tool
first base, you want to visit the GoDaddy Domain Valuation & Appraisal page. In the provide box, type in the name of the sphere for evaluation.
once the name is submitted, the tool will provide you the evaluation results along with an explanation of its value based on alike sphere name selling prices, the respect of the keywords, the popularity of the keywords and the type of extension being used — .com in the below exemplar .
At a high level, it operates in a alike fashion as appraisal tools in early industries do. These tools look for similarities in other goods that have previously sold somewhere and then figure out how alike or different your object is .
For case, Zillow considers, among other things, the prices of nearby homes that have a alike amount of space and amenities to determine an approximate measure for your home. The GoDaddy Domain Value & Appraisal cock does the lapp thing, but with domain names .
GoDaddy ’ s free knowledge domain valuation creature helps you figure out the value of the domain names you own — or one you might have your center on .
The creature besides allows you to email or download and print the report card for late reference point. If you are shopping for a world, it will tell you if the domain name is available and the price .
If the domain is being sold by an individual, it will give you their ask price and instructions on purchasing it. If the sphere international relations and security network ’ metric ton registered, there will be a link to buy it on the front of site for the standard retail price .
How to use the valuation results to your benefit
nowadays that you know the value of the sphere, are you going to keep it, sell it, use it or buy it ?
You might want to keep your domain
Knowing your domain ’ s worth might come in handy when you ’ re looking to prioritize the renewals in your domain ’ sulfur portfolio .
Understanding the value of the sphere you already own will help you rethink deleting it or allowing it to expire .
You will want to make sure it is set to auto-renew so you don ’ t risk losing it if it expires by err .
If you are keeping your domain, you will want to treat it with all the importance of physical property and keep it condom. Adding in extra protection to a world name you own, like privacy with protect registration and added report security, like two-step verification, will help further protect your valuable domains .
Related : What is two-step verification ?
You might want to sell your domain
Seeing the actual value of a knowledge domain might even point you in the direction of sell .
The evaluation gives you insight into how much you can sell it at auction or privately .
If you wish to sell it at auction, choosing a locate with a draw of affiliates, like Afternic.com, gives your domain name the most visibility .
If you have a good knowledge domain name, at some detail you ’ re likely to get an unasked offer to purchase the sphere privately. If you ’ ve used GoDaddy Domain Name Value & Appraisal ahead of time, you ’ ll have a good theme of the value it holds and whether or not the offer is on point .
Related : 5 tried-and-true tips for selling sphere names for profit
You might want to use it
Using a world for customize productivity — professional electronic mail — or for a web site is common. If you use one for an e-mail address, the brusque and easy-to-remember, the better. If you need a domain for your web site, find the one with the most marketplace measure to use for the address .
Pro tip: Since the rate of a domain is based on keywords, among other things, you will want to use the world with the highest keyword respect to connect to your web site for better SEO .
If you ’ rhenium not using your knowledge domain for a web site, you can actually make money on it by using GoDaddy ’ s CashParking service. All you do is sign up for the servicing and when person visits your park locate, they will see ads that are relevant to them. When they click on these ads, you ’ ll make a percentage of the gross generated .
You may want to buy it
The domain evaluation tool can be used when making the decision to purchase a knowledge domain. If you are looking at a modern registration, it will give you insight into its future rate .
If you are looking to purchase a sphere at auction or from an individual, the absolve domain name value tool will let you know the market rate — but that ’ s not to say that person can ’ t number it for whatever total they desire .
Find the value of your domain
GoDaddy ’ s knowledge domain evaluation tool will give you insight quickly and efficiently on the domains you already own or domains you want to buy.
While it ’ second hush prudent to do your own analysis before determining the value of any domains, having this automated, efficient and unblock world valuation joyride at your disposal is a capital position to start .
Go ahead, see what your sphere name is deserving .
This article includes content originally published on the GoDaddy blog by Joe Styler.
