Introducing Flippa’s Crowd-Sourced Domain Appraisal Tool!

by -
TwitterFacebookGoogle+Email

Screen Shot 2014-04-11 at 3.48.24 pmThere’s a familiar adage, “A domain is only worth what a buyer is willing to pay.” Well, this is true — but it’s also counter-intuitive when you’re seeking pricing benchmarks and don’t know where to turn for guidance. 

Maybe you’re looking to acquire a domain on Flippa and want some feedback on the investment you’re about to make. Or maybe you’re ready to list a domain at auction and are having trouble configuring what to price the opening bid at to attract the most bidders.

With valuation tools on the market that are automated and algorithmic, we wanted to dive straight into the Flippa community to better-serve our buyers and sellers.

Introducing our Crowd-Sourced Domain Appraisal Tool!

We’ve just unveiled it to the masses and the response has been outstanding. It’s extremely easy and intuitive to get started, open to all with a Flippa account.

So why should you take part? For one, if you seek the crowd’s input on a domain name you have invested in long-term, or are looking to buy or sell.

Furthermore, every week, the Flippa user that appraises the most submissions will receive a Free Premium Upgrade ($250 value). So if you feel like competing to be the most prolific appraiser, there’s a nice reward for achieving that honor!

Last but not least, all Flippa users who take part in the appraisal process will earn a Free Domain Listing Credit for every 15 appraisals they complete (capped at 1 credit per week).


Getting Started

The Doman Appraisals tool can now be found under the ‘Domains’ drop-down at the top of your page:
appr_0 

Submit A Domain

Want to get your domain in front of the crowd? First thing’s first, click the green button.

appr_1


Request An 
Appraisal

Be sure to provide all necessary information about your domain so appraisers can factor it into their valuation. Check your work and then Submit.

appr2


See What The Crowd Says

When valuations come in, they are priced at the median-value of all appraisals submitted. ‘Like’ or ‘comment’ on your peers’ input for further feedback. 

appr3


While the actual appraisal process is crowdsourced by Flippa users, a team of moderators in our Domains Department are the ones behind the scenes determining which domains make it into the queue.


Questions, Comments, Feedback?

Have you used the new appraisal tool? Were you appraising others, or was your domain appraised…or both? Do you have questions, comments, feedback on functionality or feature requests? Drop us a comment below ~ We’re excited to hear from you!

TwitterFacebookGoogle+Email

Kevin Fink

Kevin is Flippa's Domain Manager. You can reach Kevin via email

Related Posts

Comments

  • Mike

    On initial impression I’m not sure whether incentivizing appraisals (win $250) is a good idea. It might lead to some folks who are otherwise either not confident or perhaps not qualified in appraising some domains to do so anyway for sake of reward, leading to lowering the overall validity of appraisals. Just a thought.

    • timatflippa

      Hi Mike, thanks for the feedback. We’re aware of this but we were worried that people might hold back with their appraisals – for fear of looking silly, wrong, or just plain nerves. We’ll certainly be watching how the community grows and look at the prize at a later stage.

  • metaphysic

    How we can submit for appraisals more than one domain name?

    • Kevin Fink

      Hi, thanks for your question. Right now, we’re only allowing one submission per 7-day appraising period; we’re thinking of changes to this as we go. Stay tuned.

  • Jason Guest

    When does the more than 15 appraisals update as I’m sure I’ve appraised in the region of 20 or so not had any confirmation yet….

    • Kevin Fink

      Hi Jason — Do you mean redeeming listing credits for the 15+ domains you’ve appraised? I’ll have our moderators take a look. You can usually expect within 2-3 days.

  • Dean Mclaughlin

    How long does it take for the credits to be added to your account? (15+ appraisal deal)

    • Kevin Fink

      Hi Dean,

      We’ve restructured the reward system, as there were quite a few users abusing it. We now award a maximum of one credit per user, every Wednesday.

      Please note, you need to appraise 15 submissions to earn ONE credit — and while that one credit can be earned each week, it is capped at one per week.

  • http://bestcontentwritingservice.com/ Jyotsna Ramani

    This is interesting – gives new domainers a prospect into what the “crowd” appraises their domain at and might help in deciding a fair market BIN price tag to it :)

    • Kevin Fink

      Thank you, Jyotsna, for your feedback. We hope the tool proves useful in your endeavors.

  • http://bestcontentwritingservice.com/ Jyotsna Ramani

    Kevin , is the 1 credit per week allowed only for domain listings or you can use the credit for anything on Flippa ?

    • Kevin Fink

      Great question, Jyotsna ~ We encourage you to list a domain name with your free listing voucher (we deposit 9 credits should you qualify), but right now there is no rule against applying the 9 credits as you see fit.

      • http://bestcontentwritingservice.com/ Jyotsna Ramani

        Thanks for clearing that up, Kevin. Its a great initiative by Flippa!

  • http://www.miscy.net/ Max Pen

    I did it 15 times, now how to put up a domain for sale for free?

    • sany

      I have the same question. Please rePly

      • Kevin Fink

        Hi Sany, please see my response to Max, above.

    • Kevin Fink

      Hi Max,

      The credit is automatically deposited into your account every Thursday of every week that you are eligible. Please note that we will be changing the incentives soon, due to rampant abuse by multiple Flippa appraisers. Stay tuned for more.

  • http://ericgage.us Eric Gage

    How long does it take to get approved for an appraisal? Also, can I just pay a fee to get an appraisal, or do I need to wait to receive some sort of voucher?

    • Kevin Fink

      Hi Eric,

      There is quite a long queue, as you could imagine, so please allow 3-5 days from date of submission.

      We currently only allow for one appraisal request per person, per week — but we may create an option where a Flippa member can receive more appraisals in exchange for a small fee.

      It sounds like that might be something you’d be interested in?

      • http://ericgage.us Eric Gage

        I wouldn’t be interested at the moment, but in general, I think users would like that option. I probably would’ve just paid $3 or so to have it posted immediately.