Bido.com - Social Auction Platform - OFFICIAL THREAD - Page 11

Cronus · 02-27-2009, 01:15 PM

It looks like today the auction was buycheaply.com and it closed at $16. I wonder if they are just not getting any decent submissions, or if the Bido folks don't know how to evaluate domains properly? Sedo has dozens of great names in their current no reserve auction. I would think Bido could at least find one or two with all the attention they've been getting.

Len · 02-27-2009, 01:25 PM

I don't know if this has been previously suggested..... I think Bido would do much better if they ran an hourly auction from say 12:00PM - 5:00PM. This would allow them to auction 6 domains per day and give the buyers and sellers more opportunity.

This would also benefit the site as this would create more traffic between these times. I cannot see there being too much whilst the auction is not running.

MediaHound · 02-27-2009, 01:37 PM

Hi Ripley, we would rather not finger a specific date.. but as you asked for an idea, it will be soon. We have overshot dates in the past and I don't like it when that happens so we will try and avoid that when possible moving forward. Soon is basically all we are announcing at this time, but as we get closer to it, there will be more info announced.
As a side note, we're extremely grateful for the open arms awaiting us to produce the next large release of the Bido platform. Thank you very much for the support and thirst for more information from us. I wish I could say more!

MicroGuy · 02-27-2009, 04:01 PM

Originally Posted by Cronus

It looks like today the auction was buycheaply.com and it closed at $16. I wonder if they are just not getting any decent submissions, or if the Bido folks don't know how to evaluate domains properly? Sedo has dozens of great names in their current no reserve auction. I would think Bido could at least find one or two with all the attention they've been getting.

Agreed. The domain selection process may just be the downfall of an otherwise promising platform. Perhaps Bido should allow commentary on domain 'submissions' before they are actually accepted for auction?

dotnom · 02-27-2009, 04:21 PM

Indeed a voting system for names that they are submitted to bido could be beneficial for bido's staff because they will not only gain time but the same time increase the overall quality of their service easily.

(I even changed my sig to make them see one of my domains faster

)

MicroGuy · 02-27-2009, 04:28 PM

At least we all have something to look forward to next week:

'AffordableTelescopes.com is a clearly defined product domain. The user knows what to expect when he visits this site. Telescopes are a big industry and this product domain would make a wonderful destination for a site that sell telescopes. Typical telescopes range in price from under $100 to over $5000, and so a website focusing on those that are affordable would be a valuable resource. Watch the video for a telescope buying guide.'

**Archangel** · 02-27-2009, 04:48 PM

A week's passed so let's crunch some numbers!

BuyCheaply.com 16
MyAstrologist.com 590
HipHopPhotography.com 28
DressOrganic.com 55
FixedLoans.com 5459
BarPictures.com 100
EquityGrant.com 810

Average sale: $1,008
Average sale not considering FixedLoans.com: $266.50

Highest sale: $5,459
Lowest sale: $16
Amount of sales over $500: 3
Amount of sales over $1,000: 1
Amount of sales at $100 or less: 4

Profits fir BIDO, at 8%: Less than $700

My assumptions for next week:

MyEntitlement.com: mid $xx at best
WinningPick.com: early/mid $xxx at best
MyCabana.com: mid $xx at best
JuryLaw.com: early $xx at best
AffordableTelescopes.com: early $xx at best
FlightDegree.com: early/mid $xxx at best
ComfortableChair.com: early $xx at best

(These are my perceptions and do not reflect any other entity's opinions)

BIDO is failing terribly. Jarred, what are you going to do to keep BIDO alive? At this poor rate, you'll be paying out of your pockets to keep is live. IF YOU'RE GOING TO CONTINUE THIS SITE, you need to otherwise only accept valuable domains or increase your percentage to like, 90% of the selling price. And actually, at this rate, 90% might not even help.

bmugford · 02-27-2009, 04:54 PM

I think it is just going to be hard at this point to get people with true premium domains to commit to a $1 start / 1 Hour / No Reserve auction.

Let's face it, Bido.com is for domainers and the biggest sales come from end users. While a company like SEDO has a vast majority of domainers, there are still several end user sales on there.

It might be a good idea to have some kind of reasonable reserves and/or starting prices for true premium domains, or extended bidding.

You could always have a premium domain with a higher opening bid. If it doesn't get an opening bid in say 10 minutes then it defaults to a backup option domain at the original $1 / 1 Hour / No Reserve model.

I would also open the auctions up to high end domains in respectable extensions at least net/org. There is no reason a premium .NET dictionary word or product related domain would not sell for good money on there. I think just leaving it as .COM only is limiting the options.

What you are ending up with is TwoWord.com medicore domains with no clear use, instead of premiums with clear uses in other respectable extensions.

BIDO's cut from BuyCheaply.com is $1.28, and I doubt that is gonna cut it long term.

Just my thoughts.

Brad
????: NamePros.com http://www.namepros.com/domain-name-discussion/560553-bido-com-social-auction-platform-official.html

Originally Posted by Archangel

BIDO is failing terribly. Jarred, what are you going to do to keep BIDO alive? At this poor rate, you'll be paying out of your pockets to keep is live. IF YOU'RE GOING TO CONTINUE THIS SITE, you need to otherwise only accept valuable domains or increase your percentage to like, 90% of the selling price. And actually, at this rate, 90% might not even help.

dotnom · 02-27-2009, 04:59 PM

Interesting stats Archangel
I didn't follow up all the sales but now that i see them look pretty low

I believe that the "Power of 1" must be the "Power of 24" with one auction every hour

At least the "Power of 10" is already a TV Game
http://www.cbs.com/primetime/powerof10/

***Domainate.com*** · 02-27-2009, 09:09 PM

Originally Posted by bmugford

I think it is just going to be hard at this point to get people with true premium domains to commit to a $1 start / 1 Hour / No Reserve auction.

Especially in a down market like this. No/low reserve auctions are a tough sell at the moment, and ironically when more and more people are probably in need of quick money too.

evirtual1 · 02-27-2009, 09:42 PM

many comments the same as last time they tried

.... but they dont hear them it seems ?

mtford · 02-27-2009, 09:52 PM

Originally Posted by dotnom

Indeed a voting system for names that they are submitted to bido could be beneficial for bido's staff because they will not only gain time but the same time increase the overall quality of their service easily.

Ideally the voters would need to get a small cut out of the sale profit, as an incentive to vote for the best names (i.e. the voters would basically be shareholders). Otherwise, they may be tempted to make private offers on the best names, and keep them out of the public eye.
????: NamePros.com http://www.namepros.com/showthread.php?t=560553

Originally Posted by MicroGuy

The domain selection process may just be the downfall of an otherwise promising platform. Perhaps Bido should allow commentary on domain 'submissions' before they are actually accepted for auction?

To satisfy our curiosity, I have started a new thread where we can voluntarily list all the names we have submitted to Bido: http://www.namepros.com/domain-name-discussion/563207-which-names-have-you-submitted-bido.html#post3332559. This should indicate whether the submitted names or the selection process are at fault.

Earthian · 02-28-2009, 01:41 AM

since they seem to want to keep the "power of 1" theme , here are some suggestions ...

- set the open bidding to "1 day" instead of "1 hour" ... the auction could end at 1 PM EST (or 1 PM PST) but the bidding would be open for the 22 hours before 1 PM and there would also be 2 hours after 1 PM for auction extensions (eg. 5-minute extensions if there is a bid in the last 5 minutes)

therefore ... auction basically opens for bidding at 3 PM EST >>> 22 hours open bidding >>> 1 PM EST end time >>> 2 hours for extensions >>> 3 PM EST (next day) new auction

by opening the bidding to 1 day (24 hours) they would open up the auction to more people since as it currently is they "exclude" (or "force" to enter max bid ? , which many people don't do) many asian bidders who haven't woken up yet at 6 AM ... as well as many Europeans that might have gone out by 9 PM at night and especially on Fridays

- raise the quality of the domains ... it is very important that the domains for the first weeks to be of high quality so that the high sales atract publicity and interest ... especially so that people with good domains decide to "risk" their good/better domains for the $1 no reserve start (since they would be convinced that with all the interest/bidding the auction will fetch a fair market value)

- add a database of 1 thousand domains with BIN prices chosen by the submitters , something like a sub-section of the 1 bido auction so as to compliment the bido auction and keep people on the site for more time searching for bargains
????: NamePros.com http://www.namepros.com/showthread.php?t=560553

the domains would be selected by bido in direct correlation to their quality and to the suggested BIN prices so that the marketplace is interesting and competitive

as domains get sold more domains would be continually added so as to keep the 1 thousand domains theme

*Tribulatio* · 02-28-2009, 03:00 AM

I like the Bido concept, and I also appreciate some of the ideas submitted on this thread.

On the other hand, more and more, my feeling is that we always stay in a closed circle: primarily domainers selling to other domainers. How to break that circle? How to bring domain names to a wider audience of potential customers (beside the usual direct approaching of end-users)?

I think this is the direction in which our creative thinking should go. Just toying with ideas at the time.

In the meantime, Bido is a welcome player anyway, since it offers something different.

Tippy · 02-28-2009, 05:06 AM

Originally Posted by bmugford

I would also open the auctions up to high end domains in respectable extensions at least net/org. There is no reason a premium .NET dictionary word or product related domain would not sell for good money on there. I think just leaving it as .COM only is limiting the options.

Just my thoughts.

Brad

I was thinking the same thing, plus they could keep their whole "1" thing going, 1 Premium .com, 1 Premium .net and 1 Premium .org per day.

gazzip · 02-28-2009, 05:39 AM

I see they have listed ZJP.com for sale on Bido, should be interesting to see what it goes for.

.

prague7 · 02-28-2009, 08:06 AM

Originally Posted by gazzip

I see they have listed ZJP.com for sale on Bido, should be interesting to see what it goes for.

Also, looking further out, I see they have Trombonist.com on 3/12 and Harps.net on 3/13

MicroGuy · 02-28-2009, 09:11 AM

Originally Posted by gazzip

I see they have listed ZJP.com for sale on Bido, should be interesting to see what it goes for.

That would have been a great name to feature DURING the skin sponsorship.

**Archangel** · 02-28-2009, 03:05 PM

Looks like they have a few somewhat gems coming up. So maybe they'll get to $10k week on it. Kudos to BIDO for having a week coming up that's worth paying attention to!

*verbster* · 02-28-2009, 04:18 PM

I see a new NP member says he submitted dildo.com. If so, and if adult names are allowed, it should get some interest and high bids.

Pretty gutsy move for an $xxx,xxx name.

**Archangel** · 02-28-2009, 04:32 PM

Originally Posted by verbster

I see a new NP member says he submitted dildo.com. If so, and if adult names are allowed, it should get some interest and high bids.

Pretty gutsy move for an $xxx,xxx name.

I honestly don't believe he submitted that domain. Dildos are one of the 2 most commonly used sex toys (#1 being vibrators) and vibrators.com sold for $1mil a month or so ago. I couldn't see the owner of a potentially $1mil domain putting it up on a $1/no reserve/1 hour auction. But if he really did, well, then BIDO has the chance to get out of the poor position it's in right now.

mtford · 02-28-2009, 07:52 PM

Originally Posted by prague7

Also, looking further out, I see they have Trombonist.com on 3/12 and Harps.net on 3/13

Where did you find these? The list on the Bido homepage doesn't go that far ahead.

And they don't accept .nets, either...

jhansen · 02-28-2009, 09:06 PM

Originally Posted by mtford

Where did you find these? The list on the Bido homepage doesn't go that far ahead.

And they don't accept .nets, either...

http://www.bido.com/Auctions

You may have to log in first.

-Justin

Code:

2009-03-02		     myentitlement.com
2009-03-03		     winningpick.com
2009-03-04		     mycabana.com
2009-03-05		     jurylaw.com
2009-03-06		     affordabletelescopes.com
2009-03-09		     flightdegree.com
2009-03-10		     comfortablechair.com
2009-03-11		     zjp.com
2009-03-12	     	     trombonist.com
2009-03-13	     	     harps.net

**Archangel** · 03-01-2009, 05:12 PM

Monday's approaching so let's take a moment to ponder how well/unwell BIDO's next set of auctions will be. Here are my guesses (taken from an earlier post plus a few new ones added):

MyEntitlement.com: mid $xx at best
WinningPick.com: early/mid $xxx at best
MyCabana.com: mid $xx at best
JuryLaw.com: early $xx at best
AffordableTelescopes.com: early $xx at best
FlightDegree.com: early/mid $xxx at best
ComfortableChair.com: early $xx at best
zjp.com: Roughly $4,500-7k
trombonist.com: early $xxx at best
harps.net: early/mid $xxx at best

What do you think we'll see?

evirtual1 · 03-02-2009, 01:09 AM

i am thinking there is a .net in there but when i went to submit it said nothing other than .com ???????

this will be their downfall ... you do or you dont ????

my last suggestion is that they should auction more than just one .com each day

there are other extensions being purchased all the time , auction them as well

i was going to offer hybridnews.net ..... oh well , i'm bored with it already

02-27-2009, 01:37 PM	#253 (permalink)
MediaHound NamePros Regular Join Date: Feb 2004 Location: Florida Posts: 556	Hi Ripley, we would rather not finger a specific date.. but as you asked for an idea, it will be soon. We have overshot dates in the past and I don't like it when that happens so we will try and avoid that when possible moving forward. Soon is basically all we are announcing at this time, but as we get closer to it, there will be more info announced. As a side note, we're extremely grateful for the open arms awaiting us to produce the next large release of the Bido platform. Thank you very much for the support and thirst for more information from us. I wish I could say more! __________________ http://www.bido.com http://www.bido.com/VoteForProfits http://www.bido.com/SubmitDomains

02-27-2009, 04:21 PM	#255 (permalink)
dotnom Senior Member Join Date: Jun 2005 Location: ZARDEN.com Posts: 1,541	Indeed a voting system for names that they are submitted to bido could be beneficial for bido's staff because they will not only gain time but the same time increase the overall quality of their service easily. (I even changed my sig to make them see one of my domains faster ) __________________ Active Supporter of GR.com Private Second Level Domain Registry Check their Facebook page : Facebook.GR.com Check their Twitter page : Twitter.GR.com Last edited by dotnom; 02-27-2009 at 04:25 PM.

02-27-2009, 04:28 PM	#256 (permalink)
MicroGuy Miembro Especial Join Date: Aug 2007 Location: Debunking ccTLD Posts: 6,801	At least we all have something to look forward to next week: 'AffordableTelescopes.com is a clearly defined product domain. The user knows what to expect when he visits this site. Telescopes are a big industry and this product domain would make a wonderful destination for a site that sell telescopes. Typical telescopes range in price from under $100 to over $5000, and so a website focusing on those that are affordable would be a valuable resource. Watch the video for a telescope buying guide.' __________________ ......

02-27-2009, 04:48 PM	#257 (permalink)
Archangel www.randypendleton.com Join Date: Jan 2004 Location: Southern Ohio, USA Posts: 7,045	A week's passed so let's crunch some numbers! BuyCheaply.com 16 MyAstrologist.com 590 HipHopPhotography.com 28 DressOrganic.com 55 FixedLoans.com 5459 BarPictures.com 100 EquityGrant.com 810 Average sale: $1,008 Average sale not considering FixedLoans.com: $266.50 Highest sale: $5,459 Lowest sale: $16 Amount of sales over $500: 3 Amount of sales over $1,000: 1 Amount of sales at $100 or less: 4 Profits fir BIDO, at 8%: Less than $700 My assumptions for next week: MyEntitlement.com: mid $xx at best WinningPick.com: early/mid $xxx at best MyCabana.com: mid $xx at best JuryLaw.com: early $xx at best AffordableTelescopes.com: early $xx at best FlightDegree.com: early/mid $xxx at best ComfortableChair.com: early $xx at best (These are my perceptions and do not reflect any other entity's opinions) BIDO is failing terribly. Jarred, what are you going to do to keep BIDO alive? At this poor rate, you'll be paying out of your pockets to keep is live. IF YOU'RE GOING TO CONTINUE THIS SITE, you need to otherwise only accept valuable domains or increase your percentage to like, 90% of the selling price. And actually, at this rate, 90% might not even help. Last edited by Archangel; 02-27-2009 at 04:55 PM.

02-27-2009, 04:59 PM	#259 (permalink)
dotnom Senior Member Join Date: Jun 2005 Location: ZARDEN.com Posts: 1,541	Interesting stats Archangel I didn't follow up all the sales but now that i see them look pretty low I believe that the "Power of 1" must be the "Power of 24" with one auction every hour At least the "Power of 10" is already a TV Game http://www.cbs.com/primetime/powerof10/ __________________ Active Supporter of GR.com Private Second Level Domain Registry Check their Facebook page : Facebook.GR.com Check their Twitter page : Twitter.GR.com

02-27-2009, 01:15 PM	#251 (permalink)
Cronus NamePros Regular Join Date: Feb 2007 Posts: 261	It looks like today the auction was buycheaply.com and it closed at $16. I wonder if they are just not getting any decent submissions, or if the Bido folks don't know how to evaluate domains properly? Sedo has dozens of great names in their current no reserve auction. I would think Bido could at least find one or two with all the attention they've been getting.

02-27-2009, 01:25 PM	#252 (permalink)
Len dot TV'er Join Date: Feb 2007 Location: Central Ontario, Canada Posts: 3,757	I don't know if this has been previously suggested..... I think Bido would do much better if they ran an hourly auction from say 12:00PM - 5:00PM. This would allow them to auction 6 domains per day and give the buyers and sellers more opportunity. This would also benefit the site as this would create more traffic between these times. I cannot see there being too much whilst the auction is not running.

02-27-2009, 09:42 PM	#261 (permalink)
evirtual1 NamePros Expert Join Date: Aug 2007 Location: VampireHire.Com Posts: 6,808	many comments the same as last time they tried .... but they dont hear them it seems ? __________________ Domain Name Investors Ebook ...perfect gift for the newbies Business Show Watch The Domainers Song Seeking serious offers .. F-X-T.com = Forex Trading

02-28-2009, 01:41 AM	#263 (permalink)
Earthian NamePros Regular Join Date: Dec 2005 Location: Earth Posts: 919	since they seem to want to keep the "power of 1" theme , here are some suggestions ... - set the open bidding to "1 day" instead of "1 hour" ... the auction could end at 1 PM EST (or 1 PM PST) but the bidding would be open for the 22 hours before 1 PM and there would also be 2 hours after 1 PM for auction extensions (eg. 5-minute extensions if there is a bid in the last 5 minutes) therefore ... auction basically opens for bidding at 3 PM EST >>> 22 hours open bidding >>> 1 PM EST end time >>> 2 hours for extensions >>> 3 PM EST (next day) new auction by opening the bidding to 1 day (24 hours) they would open up the auction to more people since as it currently is they "exclude" (or "force" to enter max bid ? , which many people don't do) many asian bidders who haven't woken up yet at 6 AM ... as well as many Europeans that might have gone out by 9 PM at night and especially on Fridays - raise the quality of the domains ... it is very important that the domains for the first weeks to be of high quality so that the high sales atract publicity and interest ... especially so that people with good domains decide to "risk" their good/better domains for the $1 no reserve start (since they would be convinced that with all the interest/bidding the auction will fetch a fair market value) - add a database of 1 thousand domains with BIN prices chosen by the submitters , something like a sub-section of the 1 bido auction so as to compliment the bido auction and keep people on the site for more time searching for bargains ????: NamePros.com http://www.namepros.com/showthread.php?t=560553 the domains would be selected by bido in direct correlation to their quality and to the suggested BIN prices so that the marketplace is interesting and competitive as domains get sold more domains would be continually added so as to keep the 1 thousand domains theme __________________ ██__________██ ██____e-vj____██ ██__________██

02-28-2009, 03:00 AM	#264 (permalink)
Tribulatio NamePros Supporter Join Date: Sep 2008 Location: Switzerland Posts: 868 Follow @NameTactic	I like the Bido concept, and I also appreciate some of the ideas submitted on this thread. On the other hand, more and more, my feeling is that we always stay in a closed circle: primarily domainers selling to other domainers. How to break that circle? How to bring domain names to a wider audience of potential customers (beside the usual direct approaching of end-users)? I think this is the direction in which our creative thinking should go. Just toying with ideas at the time. In the meantime, Bido is a welcome player anyway, since it offers something different. __________________ Name Tactic - Selling Quality Domain Names Name Tactic on Twitter Religio.name - Religious and Religion Related Domain Names

02-28-2009, 05:39 AM	#266 (permalink)
gazzip First Time Poster ! Join Date: Apr 2005 Location: GB Posts: 6,881	I see they have listed ZJP.com for sale on Bido, should be interesting to see what it goes for. .

02-28-2009, 03:05 PM	#269 (permalink)
Archangel www.randypendleton.com Join Date: Jan 2004 Location: Southern Ohio, USA Posts: 7,045	Looks like they have a few somewhat gems coming up. So maybe they'll get to $10k week on it. Kudos to BIDO for having a week coming up that's worth paying attention to!

02-28-2009, 04:18 PM	#270 (permalink)
verbster Yup. It's cold. Join Date: Jul 2005 Location: Alaska Posts: 2,737	I see a new NP member says he submitted dildo.com. If so, and if adult names are allowed, it should get some interest and high bids. Pretty gutsy move for an $xxx,xxx name. __________________ A good domain name is worth more than money. I've got domains up the Wazoo...wanna buy some? Last edited by verbster; 02-28-2009 at 04:22 PM.

03-01-2009, 05:12 PM	#274 (permalink)
Archangel www.randypendleton.com Join Date: Jan 2004 Location: Southern Ohio, USA Posts: 7,045	Monday's approaching so let's take a moment to ponder how well/unwell BIDO's next set of auctions will be. Here are my guesses (taken from an earlier post plus a few new ones added): MyEntitlement.com: mid $xx at best WinningPick.com: early/mid $xxx at best MyCabana.com: mid $xx at best JuryLaw.com: early $xx at best AffordableTelescopes.com: early $xx at best FlightDegree.com: early/mid $xxx at best ComfortableChair.com: early $xx at best zjp.com: Roughly $4,500-7k trombonist.com: early $xxx at best harps.net: early/mid $xxx at best What do you think we'll see?

03-02-2009, 01:09 AM	#275 (permalink)
evirtual1 NamePros Expert Join Date: Aug 2007 Location: VampireHire.Com Posts: 6,808	i am thinking there is a .net in there but when i went to submit it said nothing other than .com ??????? this will be their downfall ... you do or you dont ???? my last suggestion is that they should auction more than just one .com each day there are other extensions being purchased all the time , auction them as well i was going to offer hybridnews.net ..... oh well , i'm bored with it already __________________ Domain Name Investors Ebook ...perfect gift for the newbies Business Show Watch The Domainers Song Seeking serious offers .. F-X-T.com = Forex Trading

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