Selling Ferarris in the Ghetto

[Jaco]

This is kind of a rant, because someone got needlessly hosed for five figures...Classic example of how much impact targeted exposure makes when selling *anything* very rare/unique and extremely desirable (a domain name, art, a $100,000 bottle of wine, whatever)

Back in May, someone stumbled into the Appraisal forum asking about Pepe.com.
http://www.namepros.com/domain-appraisals/580322-domain-name-aprraisal-pepe-com.html
Meet the hose-ee.

Shockingly enough, he elected to sell this gem on BIDO of all places and it brought 15K. Oops.

Shameless self back-patting: I actually tweeted about it shortly after it sold.

Me:Pepe.com sold for 15K on BIDO. Note to self- do not sell good names on BIDO. That's a mind-bogglingly good brand platform worth much more. 12:56 PM Jan 17th via web Retweeted by 1 person

It was just flipped for 45,000 Euros and arguably, probably worth more to a buyer-and-holder.

This, ladies and gents, is why Tiffany's doesn't have a store in Gary, Indiana. This is also a classic example of how 'domainer to domainer' sales of fantastic names is simply chumming the water for the real sharks to swoop in, buy great names from clueless 'domainers' for pocket change and sell them to the right people for the right prices. Of course, it's pretty damn rare when a name of this caliber is actually listed on a site like BIDO (which may as well change to BIDO.vc, given the incessant stream of backwater TLD names they've been listing lately), but behold the unfortunate results of what happens when someone is actually dumb enough to try it.

 

[labrocca]

Heaven forbid I ask you to articulate........just step back a second. What the hell does handguns and homeowners and judges have to do with a simple enquiry as to why BIDO has got such a bad rep amongst serious domainers.

I would think he was demonstrating that this thread is enough of a description why you shouldn't use Bido. It's the point of this thread. How you have missed that is beyond me.

+1 Dongsman

No need to get sarky. Ive dropped better names than you have ever sold - so stop with the big boy routine...

I really doubt that. You been talking a big game lately. Consider your own "big boy routine". You're the guy in this thread that seemingly doesn't have an understanding about what's going on here.

Does that give you the permission to absolutely rip everyone who disagrees with you, to shreds in every other post?

I think it does.

+2 Dongsman

It was an illustration of how hilariously stupid it is to be perplexed as to 'why' when amidst context that displays 'why' with about as much subtlety as a cast iron frying pan over the head.

+3 Dongsman

You are pissing on everyone- newbie or otherwise with your signature - in the 4 years I have been on namepros -I HAVE NEVER seen such outright conceit and disdain for people on this forum with the "I am mocking people who register pointless trash domain names."

How is that? By telling people to develop?

+4 Dongsman

Go speak to a therapist as to why you are so bitter with your life

You continue making these snide remarks and trying to bait him into a personal flame war. He won't fall for it but imho. You're pushing the limits here on what's acceptable behavior.

Caveat: I have never used Bido. Whether that's good or bad is your call. I prefer development.

 

[DomainTalker]

C'mon, labrocca....It was - finally - in the most recent posts - getting to be a more constructive discussion on the issue...


Who cares who scored what points??


Let it be, man.

.

 

[DU]

In the case of pepe.com, the domain was submitted with a $35,000 BidoPrice. It was quickly voted into auction by the community. The auction ran and the highest bid was for $15,000. The seller had a choice, 24 hours to accept the 15K or walk away. Shortly after the auction, the seller decided to sell, logged in, and clicked the link to accept the high bid.
For this reason, the sale only happened because the seller was actually happy with this amount. It was not forced upon the seller to sell for this amount.

This should be the end of the discussion.

Props to Jarred for coming in and defending his platform. Wish I'd voted... that would have been $100 enough to register 10 3d domains...

 

[Vito]

+1 Dongsman
+2 Dongsman
+3 Dongsman
+4 Dongsman

Caveat: I have never used Bido. Whether that's good or bad is your call. I prefer development.

Hey Mr. NP Referee,

Thanks a lot for coming into a thread that seemed to be going in the right direction,
then throwing a little fuel on the fire.
Was that really necessarry?

Do you feel an overwhelming sense of loyalty to Dong now,
since he kicked your A$$ in the ".net vs. .org" thread?

Maybe now since that thread seems to have come to a pretty decent resolution between you both,
I should go in there and throw a little fuel on your losing .net arguement???

and we're all real Friggen proud of you, that you choose development over selling domains,
maybe that reason alone should have been enough to have kept your nose out of a conversation you have absolutely no interest in,
except to suck-up to your new friend?

Now go suck up to Dong in a pm, alright?

Thanks a lot Pal,
from the Dot Stop + 10

 

[Jaco]

Everyone just take it easy. No one kicked anyone's ass anywhere. The purpose of a discussion forum is discussion, which can get robust. Speaking only for myself, I don't hold grudges against anyone and I don't view these discussions as a contest.

This is a relevant point:

In the case of pepe.com, the domain was submitted with a $35,000 BidoPrice. It was quickly voted into auction by the community. The auction ran and the highest bid was for $15,000. The seller had a choice, 24 hours to accept the 15K or walk away. Shortly after the auction, the seller decided to sell, logged in, and clicked the link to accept the high bid.
For this reason, the sale only happened because the seller was actually happy with this amount. It was not forced upon the seller to sell for this amount.

This should be the end of the discussion.

IMO, no.
No one is advancing the position that what happened here wasn't solely a result of the sellers own poor decision-making process. We all agree on that and for his bad decision, he paid a price denominated in tens of thousands of dollars. Sucks to be him.

The fact that he had a period of time- subsequent to the auctions close- to confirm his desire to sell doesn't mean much here. I think we can safely assume that he was going to take whatever price occurred by virtue of his selling a name of that caliber in such an inappropriate and inefficient marketplace to begin with. The fact that he's making such a terribly in-optimal decision on the front side diminishes the relevance of whatever minutiae might have occurred afterward (such as, the existence of 24 hours to reaffirm a shitty decision that's already been made).

The error the seller made was in thinking that BIDO would arbitrate a fair price, whatever that price may be. While BIDO is an open market and a reasonably fair market, it is not an efficient market and at the end of the day, grave inefficiency is the only thing that could cause something like this to happen.

It would be akin to someone going into their grandfathers basement, pulling out a box of old baseball cards from the 1930's and deciding they want to sell them online. Instead of placing them on ebay (the standard, central market for baseball cards), they place them for sale on SuperBaseballcardBiddingExtravaganza.pro (an inefficient, non-standard, backwater marketplace). Yes they are going to be content with whatever price results, whether that price is reflective of actual value or not, because they had no idea what they were doing in the first place.

The point of discussion here isn't whether or not the seller made his own bed. He did. The issue at hand- as demonstrated by the sale of Pepe.com on BIDO- is what happens when truly great names are sold on venues that butter their bread by transacting in terrible names... and the 'market demographics' that result from those kinds of inventories.

I believe that if BIDO is to ever become a place for names like that, it first has to take measures to control quality. It has to 'bring it' in terms of names that generate interest from the right sort of buyers, which isn't going to happen when over half of your daily inventory is .mx, .cc, .info, .tel etc.

 

[DU]

The fact that he had a period of time- subsequent to the auctions close- to confirm his desire to sell doesn't mean much here. I think we can safely assume that he was going to take whatever price occurred by virtue of his selling a name of that caliber in such an inappropriate and inefficient marketplace to begin with.

But he also asked namepros domain appraisal for opinions. Usually a waste of time except sometimes with a good name the "experts" do show up. General consensus there was that $15k was a decent number - ergo he was satisfied.

Perhaps we should add that np is not the appropriate place to evaluate "proper" domains?

I actually think this is a true statement. If the user had NO IDEA and was told anything from 12k to 25k(minimum) he could have done more research.... but who knows the time/situation.

There was one comment that said 25K minimum (and he stated that in this thread). Perhaps we should continue to believe that there are people that are GOOD at this, people that are BAD at this and everyone else.

The guy sold at 15K and was happy. Lets hope that he doesn't read this thread.

One word of advice. Regrets suck. If you sold a great name - don't track its future worth because you will learn which category you fall into.

And yes. I don't think BIDO should typically be used to sell premium names; however, if you're happy with a QUICK sale and 10% commission.... then it's just fine. As someone else said... you can sell a Van Gogh at a farmers market if you tell the art community you're going to do it. The only consideration left is whether you think more time will stir MORE interest or LESS.. and that's a gut call unless you have lots of sales where it becomes a combination of gut and skill.

 

[DomainTalker]

Dong...


If the original seller had placed the name for auction at TRAFFIC, New York....Or, DOMAINFEST....Or, GREAT DOMAINS.....OR....

...and the high bid was for $15000....And, he'd chosen to accept that...

Would you still be saying the real reason he got a low price was he chose the wrong Auction venue...?....I doubt it...(and, lets face it, there have been MANY low prices for great domains at ALL the auction venues in recent times).


Leave aside the fact that he could have put a reserve on the name much higher than $15000.....'cos the seller clearly decided he would sell at 15k (for whatever reason).


Whilst I agree maybe Bido is not, currently, the best place to auction a good name.....The fact the seller chose Bido is not at all necessarily why he got only $15k for it, in these times...


Maybe....the seller felt he wanted/needed a minimum of 15k - and he needed it fast - and Bido was as good as anywhere to get that price....And, he got it...?....ie the auction venue might have achieved (quickly) what he needed from an auction......(regardless of whether he could have gotten more for the name, if he could, say, have waited longer).


Has that occurred to you?

.

 

[shane mac]

So what is this rant about? The fact that the original seller of pepe.com decided to sell it at bide (His mistake)
Or that bido is not sedo?

I don't think you can accuse bido of being in the wrong with the sale. They did everything right, the seller did everything wrong. He was too lazy to hunt down the end user himself, his fault. Bido is swamped with mini/med sharks if he wanted top dollar he should have done his research.

 

[Jaco]

Dong...


If the original seller had placed the name for auction at TRAFFIC, New York....Or, DOMAINFEST....Or, GREAT DOMAINS.....OR....

...and the high bid was for $15000....And, he'd chosen to accept that...

Would you still be saying the real reason he got a low price was he chose the wrong Auction venue...?....I doubt it...(and, lets face it, there have been MANY low prices for great domains at ALL the auction venues in recent times).

The operative point here is that if he had listed Pepe.com at TRAFFIC or DOMAINFEST or GREATDOMAINS, it wouldn't have gone for $15K.

Unfortunately, can't prove a negative, but it's safe to say that the man who jumped to his death off a building would've likely lived that day had he not jumped off a building.

Whilst I agree maybe Bido is not, currently, the best place to auction a good name.....The fact the seller chose Bido is not at all necessarily why he got only $15k for it, in these times...

I believe his selling it on a marketplace like BIDO was solely the reason it brought that price.

Maybe....the seller felt he wanted/needed a minimum of 15k - and he needed it fast - and Bido was as good as anywhere to get that price....And, he got it...?....ie the auction venue might have achieved (quickly) what he needed from an auction......(regardless of whether he could have gotten more for the name, if he could, say, have waited longer).


Has that occurred to you?

When the unlimited and rich world of hypothetical scenarios are being used to support a position, there are any number of "possible explanations" at whim, often times tenuously connected to reality. I don't bother integrating those sorts of things into my thought process.
Is it possible that his wife and children were being held captive by a rogue band of Outlaw Bikers who demanded that he furnish $15.000 ransom?
Sure. Possible.

Occams Razor, though- He just fucked up by selling it in an inefficient marketplace.

 

[dtagr]

In the end as word gets around "You got that where , and flipped it for how much?" it will only attract stronger buyers. Which Bido needs.

 

[Jaco]

Which would be a good thing if names like that occured on a semi-regular basis. The problem with BIDO is that the attentions of the "stronger buyers" won't remain there very long... and why?

The most recent list from BIDO.

02/24/2010 8:04 AM EST: a44g.com
02/24/2010 9:30 AM EST: apartment.mx
02/24/2010 9:31 AM EST: greenvirginiahomes.com
02/24/2010 9:35 AM EST: rat.mx
02/24/2010 10:00 AM EST: fullmoviedownload.mobi
02/24/2010 11:15 AM EST: sexoffender.info
02/24/2010 11:30 AM EST: bible.im
02/24/2010 11:45 AM EST: webcast.cc
02/24/2010 11:50 AM EST: discuss.mx
02/24/2010 11:55 AM EST: scampering.com
02/24/2010 12:00 PM EST: cottage.mx
02/24/2010 12:05 PM EST: navalschool.com
02/24/2010 12:08 PM EST: bankruptcylawyers.in
02/24/2010 12:10 PM EST: oil.mx
02/24/2010 12:15 PM EST: miamibeach.cc
02/24/2010 12:17 PM EST: coastrealestate.co.uk
02/24/2010 12:20 PM EST: fipj.com
02/24/2010 12:21 PM EST: boyfriend.cc
02/24/2010 12:24 PM EST: oelx.com
02/24/2010 12:25 PM EST: touring.mx
02/24/2010 12:26 PM EST: adapter.ws
02/24/2010 12:28 PM EST: vdzc.com
02/24/2010 12:29 PM EST: excercise.me
02/24/2010 12:30 PM EST: qxea.com
02/24/2010 12:31 PM EST: lolz.info
02/24/2010 12:32 PM EST: pokerjacks.com
02/24/2010 12:33 PM EST: jeupoker.com
02/24/2010 12:35 PM EST: creditnegotiating.com
02/24/2010 12:36 PM EST: fix.bz
02/24/2010 12:37 PM EST: possible.tv
02/24/2010 12:38 PM EST: fanapp.com
02/24/2010 12:39 PM EST: weekendhotelrates.com
02/24/2010 12:40 PM EST: videoapps.org
02/24/2010 12:41 PM EST: 3dscreens.org
02/24/2010 12:42 PM EST: scubatours.org
02/24/2010 12:43 PM EST: cigarmarkets.com
02/24/2010 12:44 PM EST: personalcreditreport.net
02/24/2010 12:45 PM EST: minicoopercars.com
02/24/2010 12:46 PM EST: londonfashion.com
02/24/2010 12:47 PM EST: autopsies.org
02/24/2010 12:48 PM EST: urlshortener.net
02/24/2010 12:49 PM EST: pests.cc
02/24/2010 12:50 PM EST: brands.cc
02/24/2010 12:51 PM EST: lending.cc
02/24/2010 12:52 PM EST: reservation.cc
02/24/2010 12:53 PM EST: recruitersfirst.com
02/24/2010 12:54 PM EST: drugrecovery.co.uk
02/24/2010 12:55 PM EST: breast.mx
02/24/2010 12:56 PM EST: nzvb.com
02/24/2010 12:57 PM EST: drivers.cc
02/24/2010 12:58 PM EST: race3d.net
02/24/2010 12:59 PM EST: fight3d.net
02/24/2010 1:00 PM EST: moviearchive.us
02/24/2010 1:01 PM EST: fyl.biz
02/24/2010 1:02 PM EST: byf.biz
02/24/2010 1:03 PM EST: automatedwebsite.org
02/24/2010 1:04 PM EST: viralapplications.com
02/24/2010 1:05 PM EST: milk.mx
02/24/2010 1:06 PM EST: diapers.mx
02/24/2010 1:07 PM EST: bedrax.com
02/24/2010 1:08 PM EST: scholarship.tel
02/24/2010 1:09 PM EST: buyapartments.info
02/24/2010 1:10 PM EST: planetickets.cc
02/24/2010 1:11 PM EST: surfboard.cc
02/24/2010 1:12 PM EST: gurter.com
02/24/2010 1:13 PM EST: dallasmavericks.us
02/24/2010 1:14 PM EST: thevictory.net
02/24/2010 1:15 PM EST: carpentry.cc
02/24/2010 1:16 PM EST: slogan.biz
02/24/2010 1:20 PM EST: mortgageloan.cc
02/24/2010 1:22 PM EST: vxom.com
02/24/2010 1:23 PM EST: avqn.com
02/24/2010 1:25 PM EST: afghanistan.cc
02/24/2010 1:28 PM EST: fresno.ws
02/24/2010 1:30 PM EST: fatteen.org
02/24/2010 1:35 PM EST: chaotic.ws
02/24/2010 2:00 PM EST: cement.ws
02/24/2010 2:08 PM EST: beachvillas.biz
02/24/2010 2:11 PM EST: mileagecreditcard.net
02/24/2010 2:16 PM EST: say.mx
02/24/2010 2:30 PM EST: paycashier.com
02/24/2010 3:03 PM EST: ubids.net
02/24/2010 3:04 PM EST: deutscheweb.com
02/24/2010 3:30 PM EST: debtliability.com
02/24/2010 4:30 PM EST: tvs.mx
02/24/2010 4:31 PM EST: get.mx
02/24/2010 4:32 PM EST: houses.mx
02/24/2010 4:33 PM EST: man.mx
02/24/2010 5:00 PM EST: retailstore.info
02/24/2010 6:31 PM EST: ibid.info
02/24/2010 11:30 PM EST: rushitem.com
02/24/2010 11:30 PM EST: embossable.com
02/24/2010 11:30 PM EST: gaminglogo.com
02/24/2010 11:30 PM EST: yourpenguy.com

 

[MediaHound]

That list of 94 domain name auctions was from Feb 24th 2010, and these 18 sold (about 1 in 5):
houses.mx $117
tvs.mx $64
chasenames.com $28
deutscheweb.com $28
goodies.us $30
mortgageloan.cc $39
thevictory.net $40
diapers.mx $53
milk.mx $60
fyl.biz $28
lending.cc $63
brands.cc $63
personalcreditreport.net $234
fix.bz $28
jeupoker.com $68
pokerjacks.com $28
oil.mx $540
apartment.mx $478

If the voting becomes unbalanced, we can adjust it and hold voters more accountable. There's a few variables where we can adjust the squelch of what's being voted to auction. Even though some may feel that the list may not be "good" inventory to your personal tastes or standards, as you can see by the overall ratio, many sellers are making sales, and buyers are finding value, and many members of the community that spend their time voting are earning well ( see http://www.youtube.com/watch?v=JW5nKXcKnRk ). It's a cliche but it's usually true about what been said about one person's things appear another way to other people. That's why we require at least 4 and a maximum of 10 people to agree that your domain is likely to sell in order for it to be voted to auction, within 30 days of voting.

We are ramping up the volume of inventory and overall involvement by the community, partnerships, etc. If you do have inventory of domains names for sale, it's my opinion that you should take 5 minutes and list your inventory on Bido. The voters are waiting to vote your quality and well priced domains to auction. The engine was designed to provide fast turnaround and liquidity when you decide to sell your domains. And our BidoPrice format gives you a complete safety net. We also have a couple really easy to use bulk inventory upload tools to make it worth your time to stop by and submit your large list of priced inventory. All we need is for you to come forward and submit your inventory when you are ready to sell your domain names. Our fast paced and crowdsourced format makes the selling process more social and provides the maximum exposure of your inventory to buyers at all levels (see http://www.bido.com/BidoGuarantee ).

If anyone would like a personal one-on-one telephone tour of Bido, and hear more about the bigger picture, what we do, how we do it, where we've been, where we're headed, as well as explore and how we may work together, please be in touch. Just email me your number and the best time to call: [email protected].

Thanks,
Jarred

 

[MillersCrossing]

I do not understand those domainers who think that BIDO is a not a place for serious domainers.

Surely serious domainers or even developers like Dongsman for example, should see an opportunity a mile away. Buy at BIDO and flip at TRAFFIC, DOMAINFEST or GREATDOMAINS.??

Someone else did it with Pepe....surely its a goldmine of opportunity.....unless.....its not as easy as that when its your own money.

 

[Jaco]

I do not understand those domainers who think that BIDO is a not a place for serious domainers.

Surely serious domainers or even developers like Dongsman for example, should see an opportunity a mile away. Buy at BIDO and flip at TRAFFIC, DOMAINFEST or GREATDOMAINS.??

Someone else did it with Pepe....surely its a goldmine of opportunity.....unless.....its not as easy as that when its your own money.

Quick question for ya:

Please take a look at the most recent list of BIDO names. Tell me what you think the best name is on that list.

 

[snoop]

This is kind of a rant, because someone got needlessly hosed for five figures...Classic example of how much impact targeted exposure makes when selling *anything* very rare/unique and extremely desirable (a domain name, art, a $100,000 bottle of wine, whatever)

Back in May, someone stumbled into the Appraisal forum asking about Pepe.com.
http://www.namepros.com/domain-appraisals/580322-domain-name-aprraisal-pepe-com.html
Meet the hose-ee.

Shockingly enough, he elected to sell this gem on BIDO of all places and it brought 15K. Oops.

Shameless self back-patting: I actually tweeted about it shortly after it sold.


It was just flipped for 45,000 Euros and arguably, probably worth more to a buyer-and-holder.

This, ladies and gents, is why Tiffany's doesn't have a store in Gary, Indiana. This is also a classic example of how 'domainer to domainer' sales of fantastic names is simply chumming the water for the real sharks to swoop in, buy great names from clueless 'domainers' for pocket change and sell them to the right people for the right prices. Of course, it's pretty damn rare when a name of this caliber is actually listed on a site like BIDO (which may as well change to BIDO.vc, given the incessant stream of backwater TLD names they've been listing lately), but behold the unfortunate results of what happens when someone is actually dumb enough to try it.

The Bido sale seemed on the high side to me. I'm guessing at 45k euro it was bought by an enduser. That doesn't mean it was undersold at 15k. I agree about Bido being not a good venue for quality names but disagree in this instance I thought it was a good price myself.

If it was the jeans company who bought it though they could have had the name for a few thousand dollars, has infringing ads all over it.

---------- Post added at 04:47 PM ---------- Previous post was at 04:40 PM ----------

I do not understand those domainers who think that BIDO is a not a place for serious domainers.

Surely serious domainers or even developers like Dongsman for example, should see an opportunity a mile away. Buy at BIDO and flip at TRAFFIC, DOMAINFEST or GREATDOMAINS.??

I think the real issue is quality, there isn't much of it. That said it is no different to most other venues, wading through garbage to find anything decent.

 

[MediaHound]

This was the link to the pepe.com auction: http://www.bido.com/Auction?name=pepe.com
If you log in, you may view the bid history, it's exciting (the bid history, the ticker, and some other things will be visible to guests on Bido soon).

 

[MillersCrossing]

Quick question for ya:

Please take a look at the most recent list of BIDO names. Tell me what you think the best name is on that list.

First off, congrats on your new signature. Much more welcoming!!

I see the names and i see the quality, but that is precisely why i think alot of domain sharks will smell blood in the water when there is a good name and swoop in for the kill on the rare occassion when there is a real gem.

So both pro domainers and new domainers will be watching the auction list and maybe the auction itself on occassion.

I agree for sure that BIDO does not have a great selection of names, but I would give them time instead of writing them off - there is a time curve for a brand to gain acceptance and recognition.

Again, I have no affiliation with BIDO, nor have I participated in a single auction.

 

[Jaco]

The answer is LondonFashion.com

 

[MillersCrossing]

I agree. i have already spoken with the owner of this name who is an NP member.

 

[Jaco]

I just looked it up: did it seriously sell for $170? Or did it not sell? I don't understand.

Domain Name Auction for londonfashion.com on Bido.com

 

[MediaHound]

The BidoPrice of $1999 was not met and the high bid was $170.
In addition, the seller did not accept the high bid (if the BidoPrice is not met, sellers have 24 hours to accept the highest bid if they want to) (like what happened with pepe.com). For that reason, it did not sell.

 

[snoop]

First off, congrats on your new signature. Much more welcoming!!

I see the names and i see the quality, but that is precisely why i think alot of domain sharks will smell blood in the water when there is a good name and swoop in for the kill on the rare occassion when there is a real gem.

So both pro domainers and new domainers will be watching the auction list and maybe the auction itself on occassion.

I don't think it is going to work like that myself. The entire market is in a weakened state and I don't think scores of people would be at the 1hr timeframe on Bido for a high quality. A good name is going to get more interest but I don't think it would get the same level of attention as a venue which sells higher quality names more regularly.

 

[Jaco]

So the entire BIDO marketplace was able to muster up a whopping hundred and seventy bucks on LondonFashion?

I have no interest whatsoever in fashion, don't live in London, fully comprehend that to make a name like earn would take a substantial investment in full scale development and marketing that I'm not willing to do, yet as a domain name alone (and I'm not even a 'domainer') I- quite possibly the cheapest SOB on earth- am willing to offer double what the entire BIDO collective was willing to pay for that name, just on impulse? (and only because it's a retarded lowball offer that twomoon would be stupid to take since the name is worth considerably more- but if you just want out of that name, twomoon, let me know)

THIS is the problem I'm talking about and, in my opinion, this is what BIDO should focus on remedying. It seems to be trapped in a rather unforgiving cycle- the breaking of said should be priority #1. If you don't have the right inventory of names, you don't attract the right buyers, if you don't attract the right buyers, no one is willing to sell their good names to chumps who don't have any money. What you wind up with is terrible names selling to chumps with no money, which doesn't seem to be a sustainable operating model.

 

[Jaco]

I have purchased 3d domaines names does anyone think that will be the next coming :wave::wave:

Bad strategy.

When you are a spammer and your objective is making shell-posts that you can later go back and ninja-edit in backlinks for SEO purposes once the post is no longer active, you shouldn't do it on larger, active topics that are likely to remain 'noticed' for a longer period of time.

Edit: LOL. They literally suspended you in in the time it took for me to write that. Well done, moderators.

 

[MillersCrossing]

I don't think it is going to work like that myself. The entire market is in a weakened state and I don't think scores of people would be at the 1hr timeframe on Bido for a high quality. A good name is going to get more interest but I don't think it would get the same level of attention as a venue which sells higher quality names more regularly.

Snoop,

i think we need to separate the elite group of big time players from the pros who make a very decent living by using every domain tool and TRADITIONAL venue to buy and sell and make mid six figures a year. I think neither of the above have the time for Bido.

Then you have people who are less successful and make very low six figures a year, if that, from domaining. I think this class of domainer will scan the auction list and come in towards the end of the auction if there is something in the list of names that interests them in the first place.

And then you have the lower level of domainer who will build a portfolio from Bido auctions by bookmarking Bido and through blood sweat and tears slowly but surely trade their way up!!

And of course the totally clueless as well which makes up a sizable portion of the Bido sales.

But, I still think Bido has potential when the market recovers.