Domain Name Appraisal Scams

Domain Names are the real estates of the Internet. Owning a Domain Name is exactly same like owning a piece of Real Estate. But the only thing is that, it is Virtual so you can not touch or feel it. Another thing is that, Domain Name is Virtual so you can not see it.

During the last decade several Generic Domain Names have been sold for literally millions of dollars by private Individuals to the large corporates. The most famous example is of Loan.com which was sold in year 2001 for US $ 3 Million….!!!!!

Right Now the Internet is Full of Domain Appraisal Services. So What it means by Domain Appraisal? Well, Domain Appraisal Services means the service of doing a Valuation of your Domain Name. You will have to pay $ 10-100 per Domain Name to these services and they will do the proper Domain Appraisal for you.

The Most Famous and reputed Domain Appraisal Services on the Internet are,

01) Sedo.com

02) Moniker.com

Both of the above are very reputed Domain Appraisal services on the web. they do Domain Valuation on literally several criterias such as Natural Traffic, Phone Test, Organic traffic, Revenue, Words, Brandability, Market, Potential Buyers and several other criterias…..

However, the problem with these services is that, there is no Industry Standard. So the Valuation of any Domain Name by of the above 2 service provider may sometimes have literally thousands of bugs of difference.

How Domain Appraisal Scams Work? -

Well, suppose you have bought a new Domain Name and within a few days of buying a Domain Name, you will receive a great unbelievable offer from a buyer that you can not resist and accept it. But that buyer will ask you for a Domain Appraisal recommended by him.

And this is a trap. Once you pay $50-100 to the buyer’s recommended Domain Appraisal Service, the buyer will disappear suddenly. So Why this will happen? Because you are the Victim of that Fraudulent Domain Appraisal Service. Once you pay your fee for your Domain Appraisal, that Domain Appraisal service will do a Valuation of Domain for you and than search for another Victim like you.

So beware of Domain Appraisal Scams.

So the key is that, Always do Domain Appraisal from reputed Domain Appraisal Services on the Web such as Sedo & Moniker.com