Are you curious about how much your domain is worth? Or how to calculate my domain worth? Are you wondering the real value of your domain name?
Then I got you!
In 2021, a domain name called voice.com was sold for 30 million dollars which made the all-time record for a single domain sale. Usually, the sale of a domain in millions is unusual, and mostly domain names are sold in thousands of dollars.
But knowing the worth of a domain name also depends on the demand in the market. So understanding the market helps you as a domain owner or domain seller to make a realistic calculation about the worth of these domains in the context of current trends and business opportunities.
If you have a few domains and you want to sell them, then knowing their worth is most important so you don’t sell them at an underpriced price.
In this article, I will tell you how you can find your domain name worth, and after reading this article, it will be easy for you to calculate your domain worth.
So without further ado, let’s start!
What Is The Domain Worth And Its Importance?
Domain worth is often referred to as domain value or domain appraisal. It is the assessment of the worth of the domain name based on the current market.
Domain worth is like figuring out how valuable a web address is using it or selling it. It’s about estimating how much domain buyers might be willing to pay for it or how valuable it could be for a website.
If you ever wondered Why knowing the domain’s worth is important? Knowing the domain’s worth helps to sell or buy the domain name, and your domain buying or reselling business will earn a profitable revenue.
If you have a domain and don’t use it anymore and don’t want to keep paying for its renewal, then you have two options to get rid away from the domain name
- Allow it to expire
- Or look for potential sellers who are willing to buy your domain.
When you buy a domain name, you must have paid registration fees at least, if you are not going to make money from it. Even if you don’t make millions of dollars, at least you could sell it and get a decent sum of money back.
How Much Is My Domain Worth? 10 Steps To Calculate It
Wondering how to calculate your domain’s worth? Learn the key metrics and methods to assess how much your domain is worth in the market.
1. Use The Domain Appraisal Tool:
The foremost step to measure the domain’s real worth is the use of a domain appraisal tool. A domain appraisal tool is a website that permits users to discover information relevant to the domain, that helps to estimate the real worth of the domain name and lets you compare it to other similar domains.
These services save a lot of time and effort in finding the real domain name worth. There are various websites that offer domain appraisal tools, for this use authorized domain appraisal tools enter your domain name and get the report of your domain name.
Domain appraisal tools are one of the handiest and easiest interface tools through which you can easily find the real worth of your domain.
2. Domain Traffic And Engagement:
If your domain is currently getting a decent amount of traffic, then it increases the worth of the website. Because buyers are always looking for the domain name that has the existing traffic.
In this way, they don’t need to start the website from scratch and wait for the audience to come to their website.
So high traffic and engagement domains have high value so new owners can get the audience and buyers and consumers effortlessly, and they can sell their services and products to them.
The value of such a domain with traffic and engagement is higher compared to the domain with no traffic and engagement.
But when you transfer the domain to the new user it is important to migrate the domain effectively. Otherwise, poor domain migration may cause the loss of domain traffic and engagement.
3. SEO Optimization Of Domain:
Using the right keyword in the domain name is also an important factor that increases the worth of the domain name. And according to the search, the domain name with relevant and right keywords gets higher visibility.
For instance, if you write the keyword hotel, then always the hotel.com website will rank at the top of the search engine result pages because of its high quality and relevant keyword in the travel industry.
If your domain name has the keyword that most audiences use and search, then it will increase the worth of your domain name.
But it doesn’t mean you use more than one keyword in the domain name, more keywords do not mean more money.
4. Associated Keywords With Domain Name:
As I mentioned before the keyword relevant to the industry has high worth and is also sold in million dollars. There are many examples of the past in which relevant keywords in domain names were sold in costly amounts.
- Internet.com sold for $18 million in 2009. It’s a broad but highly relevant domain in the technology and online industry.
- CarInsurance.com was sold for $49.7 million in 2010. This domain name is self-explanatory in its relevance to the insurance and automotive industry.
- In 2012, PrivateJet.com was sold for $30.18 million. This domain is closely tied to the private aviation and luxury travel industry.
In short, precise and clear keywords in the domain name improve the domain’s worth.
5. Domain Brandability:
The website domain represents the business and its products and services. These domains act like a brand. Many popular businesses make a domain name that represents their brand like youtube.com, twitter.com, facebook.com, google.com, and tesla.com.
All these domain names are clear, memorable, and unique which makes them attention-grabbing, and with a first glance, people get a positive impression.
Your domain is often the first thing users encounter when visiting your website. A short, clear, and relevant domain name can create a positive first impression, while a confusing or irrelevant one may turn potential visitors away.
6. Domain TLD:
Domain TLD is the last segment of the domain name such as .com, .net, .org,. Premium TLDs like .com, .net, and .org tend to be more valuable than less common TLDs.
So the domain anime that ends with .com (domainname.com) has more worth than the domain name that ends with XYZ (like: domainname.net).
Usually, the domain name that ends with a popular TLD has more worth and is bought at a higher price compared to the other domain TLD.
7. Demand Of The Domain Name:
When there’s a sudden boom in a specific industry or technology, such as the rise of cryptocurrency or electric vehicles, domains related to that sector become more valuable. This is because businesses and individuals want domain names that reflect the latest trends and innovations.
To estimate the worth of such domains, it’s essential to assess the current demand for websites and online businesses in that booming sector. Knowing that there’s a high demand for domain names related to a particular industry helps in gauging their value accurately.
8. Regional Or Country-Specific Domain Name:
Domains targeting specific regions or countries can gain increased value if there’s a high demand for businesses or services in those areas. For example, a domain like “NewYorkRealEstate.com” would be more valuable if the real estate market in New York is booming.
To estimate the worth of such domains, it’s crucial to understand the market demand for businesses or services in the region or country associated with the domain. Knowing that there’s a strong demand for businesses in that location helps determine the domain’s worth.
9. List Your Domain For Sale:
This is the practical approach in which you can get information on how much your domain is worth. Even if you are not willing or ready to sell your domain you can set an expensive price, and people will not buy it and even if someone wants to buy it, it won’t be your loss.
For this, enter the domain-relevant information in the domain on the domain-selling marketplace and set a high reserve price for the domain name.
If you wondered how it determines your domain name’s worth! Well, when buyers bid on your domain, then you will know how much people are willing to pay for your domain and how much is your website worth.
10. Discover The Market Worth Of Comparable Domains:
To determine the real worth of your domain name, check the worth of similar domain names in the marketplace. Find the sales prices of the domain name.
For this, search in the relevant industry that has a similar domain name as yours. Or you can use authentic websites like Domain name DN journal where you can conduct a search and find the sales prices of the domain name. This journal publishes the list of highest reported domain sales list regularly.
Like if you see a domain name list that has similar features as your domain name then
This way, you get a basic idea of what buyers are paying for a domain that is relevant to your industry.
Final Thoughts:
Are you looking to sell your domain and wondering how much it’s worth? There are many situations that end up with people selling the domain name. You start a website with big determination but you cannot complete it and want to sell it because you have no money nor time to manage the website anymore.
Whatever your reason might urge to know the worth of the domain name, your domain must have a clean history and don’t have a scam history and if your domain name has the potential for development then it gets more worth.
However, if your domain name has additional features that make it unique, it also helps you estimate the real worth of your domain name.
To know how much a domain is worth, use the above tactics, and it will help you to get a clear idea of how much your domain name is worth.
Calculating a domain’s worth is a complex process that involves considering various factors, and it often requires a combination of market research, expert opinions, and data analysis to arrive at a reasonable valuation.
So, implement all tactics and also get an expert opinion to determine the real worth of your domain.
If you found this article helpful, then tell me in the comment section below.
Frequently Asked Questions (FAQs):
What To Increase My Domain Name Worth?
If you want to increase the domain name’s worth, then follow the underlying procedure
- Choose a domain name relevant to a popular niche
- Domain name short and memorable
- Choose the domain name that ends with .com
- Create valuable content on the domain website
- Acquire high-quality backlinks to increase your domain’s authority and credibility
- Build a strong social media presence associated with your domain name.
- Ensure you have legal ownership of the domain and complete the latest records.
- Optimize your site for the search engine to improve its visibility in the search engine.
How To Find Out How Much Is My Domain Worth?
If you want to find out how much a domain is worth, then follow the underlying procedure.
- Use the domain appraisal or assessment tool
- Check the domain traffic and engagement
- Check the SEO profile of the domain
- Does your domain name have a popular keyword
- Check Your domain brand-ability
- Is the Domain a Premium TLD (Top-Level Domain)
- The demand of the DOmain
- The demand for the Domain name in a regional or country-specific area
- List your domain name for sale
- Discover the Market Worth of Comparable Domains
Do I Need To Renew My Domain Before Selling It?
If you want to sell a domain name, then it’s a good practice to ensure your domain is current and not close to expiration before listing it for sale. Buyers are more likely to purchase domains with ample time left before renewal.
How Much Can You Earn While Selling A Domain?
You can make a lot of money while selling a valuable domain name, but there is no specific answer that can determine the real worth of the domain name. How much you can earn depends on the domain to domain and demand in the market.
On average, people can make 300 to 1,500 dollars a month while selling a domain name. And high worth domains are sold for huge sums like $100k annually.
