Bido.com - Social Auction Platform

They do not say anything, and I understand that it might take quite a few days, due to the number of names they have received for consideration. I submitted some of mine probably 10 or 15 days, and I have not yet heard from them. Anyway, in case you sell them in the meantime, I assume you can consider yourself as being free from obligation, after you have waited for one week or more without an answer.
But you are right, it would be good that they tell people how much time it could take.
On the other hand, if they have received thousands of domains, even for the good ones, it might take quite a long time in the queue...

^^^
Well, it's good to know, even if I don't like the answer.
Thanks

Tribulatio said:

I submitted some of mine probably 10 or 15 days, and I have not yet heard from them. Anyway, in case you sell them in the meantime, I assume you can consider yourself as being free from obligation, after you have waited for one week or more without an answer.
But you are right, it would be good that they tell people how much time it could take.
On the other hand, if they have received thousands of domains, even for the good ones, it might take quite a long time in the queue...

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Thats the kinda of stuff that will turn people off from submitting their names, is shouldnt take too long to figure out if a name is worthy/premium or not, these types of names stand out in a list...

I'm sure they have received alot of domains to review, can you tell us how many days in advance that you are booked as far as selected names to date to be auctioned, like do you now have enough names to cover 2 months of auctions.

Tippy said:

Thats the kinda of stuff that will turn people off from submitting their names, is shouldnt take too long to figure out if a name is worthy/premium or not, these types of names stand out in a list...

I'm sure they have received alot of domains to review, can you tell us how many days in advance that you are booked as far as selected names to date to be auctioned, like do you now have enough names to cover 2 months of auctions.

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This is a good thing to bring up. What if they have enough "premium domains" for the next few months? Who, then, would seriously consider submitting a domain here when they could go to TRAFFIC or similar, or simply use SEDO? At least with TRAFFIC, you can specify a reserve.

They must have a VERY VERY long waiting list but it would be nice to know how long.

I wonder why they have'nt also got a "Buy Now" priced section on their website, they'd probably shift quiet a few more x,xxx domains inbetween the auctions and make alot more on commision.

There's ALOT of eyeballs looking at very little just now. (7 domains)



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I dont see how they could be making any profit in the near future by coninuously auctioning "non-premium" names, especially since there is only 1 a day - why not up it to 7 or 10. Also, the amount of time each visitor spends on the site couldnt be that long, they read the domain for auction and 1 or 2 comments and they are done - there is no content on the site making you want to stay or explore, like a SnapNames where you could spend days searching for domains. I understand the concept and their buisness model but unless they start auctioning real premiums or more names this is just a 2 minute hiatus from work

It would be nice for Bido to tell the name submitters whether the names are accepted or not... at least a range (example 10-15 days).
When I submitted a name to Rick Latona's auction, after one day, I got an email saying that it was rejected. I was happy because I had some potential buyers lined up anyways and could sell almost immediately.
If I didn't receive any word for a long time, I would lose the potential sales that were time sensitive.

Hi all,

I went back and parsed one of Jarred's early posts as I think a lot can be gleaned from it as it regards our own suggestions about what Bido can do, what Bido's future might hold, and why it's doing things the way it is.

... we will be soon opening the Bido platform to extend beyond domain names, it's a Social Auction platform that can be used in almost any industry, such as classic cars for example.

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I find this hard to envision, but then I'm not privy to their business plans.

The one domain a day auction allows a lot of people to focus on the value of one domain, instead of having to search through thousands of domain listings to find a domain they may or may not want.

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This seems to be a fundamental part of their business plan, and probably argues against any significant expansion of how many domains may be on auction at any one time. Maybe there's room, though, for something in between one (Bido) and 9 million (Snap).

The Bido platform is much more than domain name auctions, however.
Soon we will open the Bido platform and let other people and other communities as a whole operate their own auction channel.

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This point again. Interesting.

When I first read it, I thought "auction channels" was referring to separate areas where individual users could conduct their own domain name auctions using Bido. Personally I think it's a good idea and could be the "subhead" to the main attraction; while there's a lull in bidding on the main name, folks could browse over to user-based auctions in another "channel."

But it seems that what they meant was more along the lines of using the auctioning technology as a platform by which to hold auctions in other industries with unique items that generate serious interest, like the example they gave of classic cars; or I guess things like boats or antiques. That seems pretty ambitious, but then what's the use of thinking small?

ripley.

We've got a lot of domains that were submitted as you could imagine. We schedule a couple of weeks ahead of time. We watch as names come in but the review process can take as long as 48 hours. We do not have some automated message go out to decline names but we do certainly keep in touch if they were selected. We will be changing this flow in the future.

As Greg pointed out, our related product www.dnzoom.com is a wonderful tool to help you manage your domains between parking companies and registrars. Please create an account there and check it out. If whats already there at DNZoom isn't enough, we have a plethora of things in the works with DNZoom and it would be great to get some feedback from you guys about it as well.

On a parallel note, Sahar banged out a nice piece today: The Importance Of Accurate Pricing, Part II http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/
Follow the link and read along to learn a thing or two and get some insight into the importance of accurate pricing and the current state of the secondary domain market.

Todays auction is HipHopPhotography.com
http://www.bido.com/Auction?name=hiphopphotography.com&n=2
The auction starts at just $1 so please head on over and place a bid and get involved. Our bidding interface is a joy to use, there are no page refreshes needed, please try it out and see for yourself.
Thanks for reading along and thanks so much for your support of Bido!

HipHopPhotography: $55 max IMO I'm utterly shocked it got more than $20 in bids!

Real "premium," sure...

...$28? All right, new question for you ppl -- When do you anticipate BIDO shutting down again? My money is on mid March.

MediaHound said:

We've got a lot of domains that were submitted as you could imagine. We schedule a couple of weeks ahead of time. We watch as names come in but the review process can take as long as 48 hours. We do not have some automated message go out to decline names but we do certainly keep in touch if they were selected. We will be changing this flow in the future.

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I'm confused. Do you only "accept" names if you can auction them within two weeks of the submission date, or do the accepted domains go into a pool of names waiting to be scheduled (randomly?) at a later date?

Once a name is selected, there is a contract process, a domain transfer process, and a listing process. Sometimes this takes even more than two weeks. This is why we schedule a couple of weeks ahead of time.

Right, but what I'm asking is, what happens if you get a whole bunch of good domains submitted within a short space of time - as you probably are right now, with all this NP publicity? You can't accept all of them, because you only have about ten auctions scheduled at any one time. But since you don't know how many good domains will be submitted next week, you don't want to waste all the unused submissions from this week.

More to the point, should we be resubmitting our best domains every few days until they get accepted??

mtford said:

You can't accept all of them, because you only have about ten auctions scheduled at any one time.

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Just because we can only see the next 10 auctions coming up doesn't mean that's all they have scheduled.

I would imagine Bido has names that have already been accepted queued up for the next month or two, just waiting to roll onto the auction block.

Perhaps they can re-arrange the auction dates of those 'hidden' names (since the names are out of the public eye right now) to generate better sales (i.e. - Instead of 5 TheSuperLongTailKeywordName.coms, then 2 (SingleWord).coms, then 5 more WhyDidIevenRegisterThisIneedToStopDrinking.coms...) they can distribute the 'better' names more evenly (2 mediocre, 1 good, 2 mediocre, 1 great, 2 mediocre, 1 good, etc etc).

Just a theory!

-Justin

jhansen said:

Just because we can only see the next 10 auctions coming up doesn't mean that's all they have scheduled.

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Read MediaHound's last two posts.

jhansen said:

I would imagine Bido has names that have already been accepted queued up for the next month or two, just waiting to roll onto the auction block.

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That's what I was asking. But MediaHound's latest post suggested that names go straight into the 2-week auction queue after their selection/contract/transfer/listing flow. No mention of a waiting list.

If its listed on the site, its already in Escrow and ready for the auction block.

There is no need to resubmit your best domains over and over!

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

• The categories could cover broad subjects, instead of trying to label the domains as "common", "premium", "super-premium" (for example)

This way you can still use "The Power Of One" theme, and make the site more interesting and profitable for everyone.

Thanks



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MicroGuy said:

Not to change the subject, but I just tried DNZoom.com by Bido and it's pretty neat. Importing domains at the moment. Very promising.

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You're right, I'll sign up too.

Hi folks, interesting read in this thread. Can someone tell me how much traffic Bido.com is actually receiving? Is there some place where we can actually see how much traffic an auction past/present or future is getting? We're having a little trouble understanding how one could submit a premium domain for auction in this format if there is no statistical guarantee of qualified traffic.
Aside, Bido.com looks great and is a really nice concept and we wish you all the best of luck with the venture!
joey

Sahar just posted a nice article about being a ready, willing, and able seller. Worth a read, it gives some insight into our vision behind Bido.
http://www.conceptualist.com/2009/02/25/if-you-want-to-sell-be-ready-willing-and-able/

Media Hound can you please get to the question many have asked you ? How far out have you committed ? Meaning if you already have 60 accepted domains then someone submitting knows they are at best looking at May. This should not be a problem for you to answer. Thank you

A couple of weeks, we can still get names in for March, depending on how fast the contract and escrow/transfer process goes with the client.

I'm going to say around $40 for MyAstrologist.com today.

:imho:

Just my personal two cents...

The comments by industry professionals are really cool and really useful. I like that unique feature of Bido.

Bido would be a lot more valuable to domainers and a lot more successful if they auctioned off 24 domains a day for 24 hours, especially since they're mostly dealing with very low-caliber names that I personally wouldn't pay $5 for in the TDNAM bargain bin. (MyAstrologist.com? HipHopPhotography.com? Come on...)

Steve said:

:imho:

Just my personal two cents...

The comments by industry professionals are really cool and really useful. I like that unique feature of Bido.

Bido would be a lot more valuable to domainers and a lot more successful if they auctioned off 24 domains a day for 24 hours, especially since they're mostly dealing with very low-caliber names that I personally wouldn't pay $5 for in the TDNAM bargain bin. (MyAstrologist.com? HipHopPhotography.com? Come on...)

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I would hate to be the guy that gets stuck in one of the 11pm-9am est slots with a no-reserve, $1min auction.

Steve said:

(MyAstrologist.com? HipHopPhotography.com? Come on...)

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Are these House names being auctioned or owned by other people ?


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