Whether a domain buyer or seller, one of the most challenging questions to answer realistically is how much a given domain is worth?
While one person could think their domain should be valued at 6-7 figures, another person would scoff at such a valuation, rendering the domain’s value as a few hundred dollars on the best day, or simply worthless.
Most recently, GoDaddy has released a new tool to the general public this year that aims to provide not only a given domain’s appraisal value, but it also provides comparable domains from past sales data — quite similar to how a house is priced in relation to comparable houses.
Joe and I discuss the inner workings of the domain appraisal tool, and how it aims to assist buyers and sellers in determining realistic domain valuation using comparable datapoints from past domain sales.
So, press play and listen as Joe shares how GoDaddy’s Domain Appraisal Tool answers the age-old question of how much domains are worth. Thanks and that’s all for now!