Saw Video – Comparable Sales

Saw Video – Comparable Sales

Watch CEO and co-founder Jeff Gabriel discuss domain appraisals in a new Saw.com video! He explains how we can use past comparable sales to inform a domain’s appraisal.

Transcript

One of the most absolute most important parts of the appraisal process is looking at comparable past sales that have happened in the market within a reasonable amount of time of the sale taking place. So, looking at sales that happened in 2003 usually isn’t very relevant.

One of the things that you have to think about is that you can’t just take the term that your domain name or anyone’s domain name falls into for that matter, and search that term. And then [assume that] anything that that term falls into is now a legitimate comparable sale.  That is not the case, so I’ll give you an example. If I was selling homeowners insurance or homeinsurance.com or healthinsurance.com, finding bestinsurance.com that sold for eight hundred dollars is not a comparable sale to any of the three or any of the two domains that I just mentioned. Each of those domains that I mentioned is category-defining domains and should be compared to other domains that lead their industries.

Here’s an easier example for me to talk to you about; Pizza.com. Pizza is something that everybody loves to eat. When you say the word “pizza,” a lot of people smile and say, “When are we gonna get it?” Okay, but if you say Jimmy’s pizza, that is not a relevant comparable sale.  If that sold for say five thousand dollars, that is not a relevant comparable sale to the term Pizza.com, which sold a few years ago for a few million dollars.  Not comparable.

If you’d like to learn more about appraising domain names or anything about domain names, you can go to SAW.com.

If you are interested in purchasing any domain name please contact us for a free consultation:

https://saw.com/buy or call: +1(781) 281-9475

If you are interested in selling a premium domain name or have a portfolio of domains you would like represented for sale please contact us: https://saw.com/sell or call +1(781) 281-9475

Jeffrey Gabriel

Jeffrey M. Gabriel is an expert domain brokerage and building sales teams. Jeffrey most recently co-founded Saw.com, an industry-leading boutique brokerage that specializes in acquiring, selling, and appraising domains. Previously, Jeffrey was the Vice President of Sales at Uniregistry (recently purchased by Godaddy), one of the industry-leading domain marketplaces, domain registrar, and monetization platform on the net. In his seven years with Uniregistry, Jeffrey and his team quadrupled sales dollar volume, delivered the highest average sale price of any marketplace in the industry, and exponentially increased the number of closed transactions. This has been accomplished by constant education and refinement of the sales process. Formerly, Jeffrey was the President and Co-Founder of Igloo.com (purchased by BrandIt) and was also a Domain Broker at Sedo. Jeffrey has contributed to over 350 million dollars in completed transactions while in the industry. His most notable sales include The Guinness World Record-breaking sale of Sex.com for $13,000,000 USD and the highest .Org sale ever, Poker.org for $1,000,000 USD.