Bido.com - Social Auction Platform - OFFICIAL THREAD - Page 10

***Domainate.com*** · 02-26-2009, 11:09 AM

At least some of them are owned by other people, like today's.

gazzip · 02-26-2009, 11:21 AM

Originally Posted by NameTrader.com

At least some of them are owned by other people, like today's.

Thanks Steve, originally when they first launched they showed a house sign next to it but was wondering if this was still the case on bido version 2 ?
????: NamePros.com http://www.namepros.com/domain-name-discussion/560553-bido-com-social-auction-platform-official.html

Just seemed to be alot of "My" related domains in the first lot.

MyAstrologist.com

MyEntitlement.com

MyCabana.com

.

***Domainate.com*** · 02-26-2009, 11:33 AM

I'm sure they've gotten a lot of submissions lately and probably were going for a little bit of a "My" theme in recent auction. Seems to be working for today's.

GF · 02-26-2009, 11:53 AM

I'm floored at the current price ($546) of MyAstrologist.com!

Wow.

MicroGuy · 02-26-2009, 12:05 PM

Congratulations to both buyer and seller @ today's Bido auction.

Originally Posted by Galel

I'm floored at the current price ($546) of MyAstrologist.com!
????: NamePros.com http://www.namepros.com/showthread.php?t=560553

Wow.

Me too. It's mind boggling.

Chef Patrick · 02-26-2009, 12:29 PM

Originally Posted by Galel

I'm floored at the current price ($546) of MyAstrologist.com!
????: NamePros.com http://www.namepros.com/showthread.php?t=560553

Wow.

Astrology is a big market. But yeah, I'm shocked it went that high. I was thinking $100-$200.

Best person to ask is NicRac, he is a member here and was one of the bidders.

Ross · 02-26-2009, 12:37 PM

This is the power of Bido. I am not shocked at all by this price.

bmugford · 02-26-2009, 01:26 PM

$590 for that domain? Maybe if it was Astrology, or even astrologer.

Results 1 - 10 of about 39,500,000 for "astrology"
Results 1 - 10 of about 2,550,000 for "astrologer"
Results 1 - 10 of about 131,000 for "astrologist"

The fact that the plural version was available for hand reg yesterday says it all.

Good Luck to the buyer. I hope he has a plan for it. If a reseller is paying that type of price in this economy then I would be amazed.

Brad

Originally Posted by Chef Patrick

Astrology is a big market. But yeah, I'm shocked it went that high. I was thinking $100-$200.

Best person to ask is NicRac, he is a member here and was one of the bidders.

ty · 02-26-2009, 01:47 PM

Normally, how long should it be after we submit the domian names?
I already submit one.

JackpotSecret

I do not know how long i should wait for they to make the decission.

bgmv · 02-26-2009, 02:14 PM

Originally Posted by ty

Normally, how long should it be after we submit the domian names?
????: NamePros.com http://www.namepros.com/showthread.php?t=560553
I already submit one.

JackpotSecret

I do not know how long i should wait for they to make the decission.

judging by the recent names accepted/auctioned yours would be perfect

**Archangel** · 02-26-2009, 03:10 PM

Originally Posted by ~ The 34 Year Buzz!!

How about one domain per day in four or five different categories?

I've suggested this awhile back. And I still think it'd be best to do

ty · 02-26-2009, 03:37 PM

Thx BMGV

your post makes my day better

MicroGuy · 02-26-2009, 04:48 PM

Originally Posted by ty

Normally, how long should it be after we submit the domian names?
I already submit one.

JackpotSecret

I do not know how long i should wait for they to make the decission.

Yes. If today's auction is any indication, you're sitting on a goldmine, and if you get this listed at Bido, expect resellers old and young alike to bid this up into the stratosphere.

I'm looking at Amsterdam vacation brochures now in the event one of my domains gets accepted. I'll have my fingers crossed that we both have domains that make the cut.

ty · 02-26-2009, 05:03 PM

God bless us

Len · 02-26-2009, 07:20 PM

Is there no way that Bido could let us know if our domains are not going to be accepted? Just a cursory 'No thanks' email would suffice IMO.

Christina Xing · 02-26-2009, 11:08 PM

I am a new member, but a long time lurker. I am just curious about Bido's business model. The 1 domain/day auction concept from a revenue/ commission perspective sounds risky to me. Even if they sell a name for $1000 on average... how much commission are they going to keep for themselves? 10%? 20%? That's not going to pay their bills. Either they get bigger sales (much bigger ones) or they will have to do more than 1 auction/day. And I didn't notice any 3rd party ads on their site either. Just my 2cents.

evirtual1 · 02-26-2009, 11:37 PM

nothing wrong with lurking christina , you views seem reasonable , i think it s a hard place for them ..... jump right in or stand back ??? ....ummm

**Archangel** · 02-27-2009, 12:36 AM

Originally Posted by Christina Xing

I am a new member, but a long time lurker. I am just curious about Bido's business model. The 1 domain/day auction concept from a revenue/ commission perspective sounds risky to me. Even if they sell a name for $1000 on average... how much commission are they going to keep for themselves? 10%? 20%? That's not going to pay their bills. Either they get bigger sales (much bigger ones) or they will have to do more than 1 auction/day. And I didn't notice any 3rd party ads on their site either. Just my 2cents.

You make a lot of sense. Assuming they keep 10%, they might not have made $1,000 this week. How are they gonna stay afloat? Even this theme makes me think: I think Rick's was up for about 2 weeks but BIDO's skin on NP didn't seem to last half of that... could they not afford to keep it here longer? Or did they see that it wasn't helping much?

ripley · 02-27-2009, 05:42 AM

Originally Posted by Christina Xing

I am a new member, but a long time lurker. I am just curious about Bido's business model. The 1 domain/day auction concept from a revenue/ commission perspective sounds risky to me. Even if they sell a name for $1000 on average... how much commission are they going to keep for themselves? 10%? 20%? That's not going to pay their bills. Either they get bigger sales (much bigger ones) or they will have to do more than 1 auction/day. And I didn't notice any 3rd party ads on their site either. Just my 2cents.

Yes, these are reasonable questions. I believe their cut is 8% so even less than you had imagined.

I think their long-term business model involves opening their platform to other sorts of auctions for unique items; the example they gave was classic cars. Some of those can go for many tens of thousands of dollars which would probably be a pretty decent return. I find it difficult to imagine that a car owner like that would agree to a $1 reserve, though.
????: NamePros.com http://www.namepros.com/showthread.php?t=560553

ripley.

bmugford · 02-27-2009, 05:48 AM

To keep their current business model Bido really needs to upgrade the quality of the domains being auctioned, or increase the number of auctions.

Bido auctions 1 domain per day, that is 260 auctions per year.

With some basic math. Let's assume the average auction sells for $2000. Bido's 8% cut is $160 or $41,600 a year. I am sure Bido has future plans of some type of expansion.

Brad

Originally Posted by ripley

Yes, these are reasonable questions. I believe their cut is 8% so even less than you had imagined.

I think their long-term business model involves opening their platform to other sorts of auctions for unique items; the example they gave was classic cars. Some of those can go for many tens of thousands of dollars which would probably be a pretty decent return. I find it difficult to imagine that a car owner like that would agree to a $1 reserve, though.
????: NamePros.com http://www.namepros.com/showthread.php?t=560553

ripley.

dotnom · 02-27-2009, 06:27 AM

Originally Posted by Len

Is there no way that Bido could let us know if our domains are not going to be accepted? Just a cursory 'No thanks' email would suffice IMO.

I agree
????: NamePros.com http://www.namepros.com/showthread.php?t=560553
I believe many of us already submitted some domains to bido and the only thing that we got so far was a receipt of our submission.

Hello X,
We've received the following names for consideration:
X
Thank you for your submission.
You will be contacted if one or more of your domains is accepted into the Bido.com auction.
--
This message was automatically generated by Bido.com

***EG.domains*** · 02-27-2009, 12:32 PM

Originally Posted by Len

Is there no way that Bido could let us know if our domains are not going to be accepted? Just a cursory 'No thanks' email would suffice IMO.

Totally agree.

ripley · 02-27-2009, 12:35 PM

The lack of notification when a domain isn't accepted to (insert live auction platform here) seems to be endemic to domaining. Disappointing.

ripley.

MediaHound · 02-27-2009, 01:02 PM

Once we open the platform up a little more, there will be another round of approvals. Essentially this is why we don't send out a finite notice at this time.

ripley · 02-27-2009, 01:12 PM

Originally Posted by MediaHound

Once we open the platform up a little more, there will be another round of approvals. Essentially this is why we don't send out a finite notice at this time.

I see. That makes sense and is a somewhat more hopeful answer. Can you give us, then, an idea of when you might be looking at expanding your offerings? I would guess that most people posting here have submitted some names to you and have more than a passing interest (myself included).
????: NamePros.com http://www.namepros.com/showthread.php?t=560553

Thanks,
ripley.

02-26-2009, 11:09 AM	#226 (permalink)
*Domainate.com* Domain Seller & Expert Join Date: Aug 2005 Location: San Diego, CA, USA Posts: 3,776 Follow @nametrader	At least some of them are owned by other people, like today's. __________________ NEW: Database of 35,000+ available domains including many high search, high CPC! Weekly Domain Special: BlogPostWriters.com, CasualLiving.org + 28 more domains for sale! Join our Doma.in Newsletter for discounted domains and training! \| Twitter \| Facebook Read my published Business Insider article, 10 Myths About The New Top-Level Domains

02-26-2009, 11:33 AM	#228 (permalink)
*Domainate.com* Domain Seller & Expert Join Date: Aug 2005 Location: San Diego, CA, USA Posts: 3,776 Follow @nametrader	I'm sure they've gotten a lot of submissions lately and probably were going for a little bit of a "My" theme in recent auction. Seems to be working for today's. __________________ NEW: Database of 35,000+ available domains including many high search, high CPC! Weekly Domain Special: BlogPostWriters.com, CasualLiving.org + 28 more domains for sale! Join our Doma.in Newsletter for discounted domains and training! \| Twitter \| Facebook Read my published Business Insider article, 10 Myths About The New Top-Level Domains

02-26-2009, 11:53 AM	#229 (permalink)
GF Buying Geo Domains Join Date: Jan 2008 Location: Orange County, CA Posts: 5,181	I'm floored at the current price ($546) of MyAstrologist.com! Wow. __________________ Economic Stimulus Act

02-26-2009, 11:37 PM	#242 (permalink)
evirtual1 NamePros Expert Join Date: Aug 2007 Location: VampireHire.Com Posts: 6,755	nothing wrong with lurking christina , you views seem reasonable , i think it s a hard place for them ..... jump right in or stand back ??? ....ummm __________________ Seeking serious offers .. F-X-T.com = Forex Trading Vampire Ebook Business Show BusinessStartup.Us .....a bodis parking page and a great name seeking offers

02-27-2009, 12:35 PM	#248 (permalink)
ripley NamePros Regular Join Date: May 2006 Location: NamePower.us Posts: 770	The lack of notification when a domain isn't accepted to (insert live auction platform here) seems to be endemic to domaining. Disappointing. ripley. __________________ www.namepower.us - Domain names with an impact.

02-26-2009, 12:37 PM	#232 (permalink)
Ross Senior Member Join Date: Nov 2007 Posts: 2,132	This is the power of Bido. I am not shocked at all by this price.

02-26-2009, 01:47 PM	#234 (permalink)
ty NamePros Member Join Date: Dec 2008 Posts: 67	Normally, how long should it be after we submit the domian names? I already submit one. JackpotSecret I do not know how long i should wait for they to make the decission.

02-26-2009, 03:37 PM	#237 (permalink)
ty NamePros Member Join Date: Dec 2008 Posts: 67	Thx BMGV your post makes my day better

02-26-2009, 05:03 PM	#239 (permalink)
ty NamePros Member Join Date: Dec 2008 Posts: 67	God bless us

02-26-2009, 07:20 PM	#240 (permalink)
Len dot TV'er Join Date: Feb 2007 Location: Central Ontario, Canada Posts: 3,757	Is there no way that Bido could let us know if our domains are not going to be accepted? Just a cursory 'No thanks' email would suffice IMO.

02-26-2009, 11:08 PM	#241 (permalink)
Christina Xing Account Closed Join Date: Feb 2009 Posts: 2	I am a new member, but a long time lurker. I am just curious about Bido's business model. The 1 domain/day auction concept from a revenue/ commission perspective sounds risky to me. Even if they sell a name for $1000 on average... how much commission are they going to keep for themselves? 10%? 20%? That's not going to pay their bills. Either they get bigger sales (much bigger ones) or they will have to do more than 1 auction/day. And I didn't notice any 3rd party ads on their site either. Just my 2cents.

02-27-2009, 01:02 PM	#249 (permalink)
MediaHound NamePros Regular Join Date: Feb 2004 Location: Florida Posts: 556	Once we open the platform up a little more, there will be another round of approvals. Essentially this is why we don't send out a finite notice at this time. __________________ http://www.bido.com http://www.bido.com/VoteForProfits http://www.bido.com/SubmitDomains

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