What is domain valuation?
For an online store, website generation and domain name are the most crucial steps. Now, if you are planning to sell your domain or just want a domain price check, you will undergo a process known as domain valuation. It is also known as domain appraisal. Through this method, you can easily estimate the value of a specific domain name.
If you want a specific domain name for your website, start by registering with a domain registrar. You can buy domain names from several other hosting companies also. It adds credibility and brand-ability to your online store.
The domain valuation procedure is significant when you plan to sell your domain name. It helps you gain a fair price for your domain when you no longer require it.
How to make a domain name valuable?
Now let us find out how one can make a domain name more valuable. The tips are as follows:
- Top-level domain
If you buy a top-level domain name such as .com, there will be more traffic to your website. Hence, most buyers will be more attracted to purchase your domain name.
- Traffic
A domain name working for a specific website will have an increased online presence on the internet leading to more traffic. So if you are selling your domain name, the website traffic and popularity can be vital factors in deciding the valuation.
- Keywords
If you choose a unique domain name with the right keywords, then the rankings of your website will improve. According to research, most successful online businesses prefer high-quality keywords to improve their ranking on search engines. So a domain name with perfect keywords will increase its overall value.
- Spelling and pronunciation
When choosing a domain name, make sure it is easy to understand and memorize. While selling your domain name, having a unique and easy-to-spell title has more value than unprofessional extensions.
How can one determine the value of the domain name?
You can determine the value of your domain name by following the steps mentioned below. It is as follows:
Step 1: Research
If you want to sell your domain name or are just interested to know about domain price check, start by researching. You should know what people are charging and paying for a similar domain name.
You may have to do extensive research on the topic to get a basic idea about the value of your domain name extension so that you can compare and decide on a fair price according to it. Various tools are available on the internet that can help you with the research.
Step 2: Start using an appraisal service
An appraisal service will help in collecting information about your domain and estimating its value. In addition, you can also compare with others through this tool. It is considered one of the easiest methods for the domain valuation process.
Step 3: Find out the market prices for your domain name.
After researching properly, your next step should be collecting information from the market. It will give you an idea about the exact selling prices. So we recommend you do complete market research before selling your domain name extension.
Conclusion
Domain name valuation is a critical process that requires much hard work. But you can use some online tools to get the exact prices of your domain name extensions. We also suggest you can take help from professionals for better decision-making.