We're excited to announce major upgrades to the EstiBot algorithm that will affect the value of your portfolio.
One of the most notable improvements is that we now factor the number of registered businesses that can benefit from your domain into the appraisal. This will improve the appraisal of some low priced domains to better reflect their true market value.
The Business Match update takes into account the number of businesses matching your domain name, their location as well as the population and median income of that location. This helps in deciding whether the domain is desirable by multiple businesses in Chicago and New York, or a single business in a city with a small population (ex: Kupreanof, Alaska). All of this information is used to determine the value of your domain name.
Other highlights include:
This algorithm is still in BETA mode and is not selected as the default option in your EstiBot accounts. Registered users can click on the link below to change the account settings to the beta algorithm and test their portfolio.
The algorithm will be switched on for ALL users after extensive testing and based on feedback we receive from current customers.
The Estibot Team