Bido.com closing

[hawkeye]

Just saw a tweet on Twitter that BIDO is closing on May 5th. Sorry to hear. Best of luck to Sahar et al.

 

[paxton]

...just hope all is well with Sahar and Jarred, they are class acts IMO and ill be interested where each of their focus turns next.

^^ Perfectly said.

 

[shane mac]

Thanks for the kind words everyone. It's true, we are closing. Everyone will be taken care of as far as items still in limbo.

Regards,
Jarred

So is it over for good? I was really liking the service you guys had.

 

[MediaHound]

Hi Shane, yes, it's said and done. Bido is over for good, as you put it.
It's a sad day for us. Thanks for the kind words.

 

[Michelle]

Thanks for the kind words everyone. It's true, we are closing. Everyone will be taken care of as far as items still in limbo.

Regards,
Jarred

Really, really sorry to hear this Never had anything but good times ..

 

[shane mac]

Really sorry to hear its over for good Jarred, you made an awesome site and were very professional. Good luck in your future venture's.

 

[JamesDavid]

The problem was basically the 1 domain a day model was not sustainable, and then when the floodgates opened for lower quality domains many users could not be bothered using it. If I wanted to weed through that much crap I would use eBay.

Brad

I second Brad.

When Bido.com was doing QUALITY domains I was there daily with there guest speaker in chat. I found myself bringing my lunch to work just so i could catch the chat/auction. I spent $XXXX there over that course and sold a name for high XXX.

Once the floodgates opened and crap started to stream in I lost all interest.

One thing for sure though is that the Bido.com staff has been nothing but professional and helpful in every way. I think the business model and the poor domain economy were the killers of the business. The staff could and hopefully will transplant themselves into a new project as they are solid businessmen with a great name in the industry.

 

[turnhardtoeasy]

Dam... Just sold a domain yesterday
and bought a couple too

even tough there were some problems... i somehow liked your services

sorry for the loss
and is it being sold or something or u just closing temporary

 

[Blake]

Thanks for the kind words everyone. It's true, we are closing. Everyone will be taken care of as far as items still in limbo.

Regards,
Jarred

Hello Jarred,

First off I really enjoyed the service......things went smooth and sales were plentiful. Now I must ask you can you elaborate on this harsh decision ...I mean what happen to be so immediate?

Well I hope you reconsider your decision but If not I wish you all the best with your next venture. Top notch you guys are and have handled everything with pride and professionalism.

+1 vote for changing your mind hehe

 

[mitok]

+3 votes for changing your mind :D

Bido was place where you can get frustrated when you see low ball offers for premium domains, but also the only place where you are able to sell domains which you would never sale anywhere else.
I really like Bido and would like that it stay alive.

 

[Michelle]

Ok my vote here is for it to remain open :tu:

 

[Jaco]

Told ya so.

 

[deleted984054565403]

Can't say I didn't see it coming.

 

[Jaco]

Look on the bright side. They got a pretty intense Beta out of some interesting auction software they could probably lease (presuming it was home grown in the first place- I have no idea)

 

[shane mac]

Any new business will run into financial difficulties in its infancy, but this service had a really good chance to grow in the longterm into a hugely profitable business. I can only assume a major Cash flow crisis forced their hands. Its a damn shame as like I said, the business stood a good chance to be a juggernaut $$$$ making machine.

 

[Pherix]

Not only am I adding a +1 vote to change your mind and remain open... I am typing this on my knees... We seriously NEED Bido to stay open! Thank you!

 

[mitok]

Now i see that my auction for tomorrow, which had a few PreBids has been deleted.
I like Bido, but this is not nice, i would be happy that Bido stay alive, but if not, at least they should allow that auctions with PreBids be finished

 

[fm1234]

Well there goes "make decision RE: Bido" off of my to do list.


Frank

---------- Post added at 11:34 AM ---------- Previous post was at 11:32 AM ----------

Oh hell, guess I should edit my signature lol

 

[Vito]

It is a sad day for any type of domaining service to shut down, much less it being Bido!

The Customer service was by far the best in the industry. That in itself can translate into money, and I know there were lots of people on both sides of the fence regarding quality over quantity but Shit...Of course you are gonna get tons of crap, when it is a FREE Service! Uh, craigslist ring a bell???

I am a die-hard Bido fan, and have had the good fortune to have the first sale there in their trial auction a loooong time ago.

Since then I have seen positive changes on a weekly basis.

The Business model can change, and I cant believe they there is such an abrupt ending to this incredible tool that we all are very fortunate to have used.

My random quick thoughts without putting more than a minute into thinking about this but, what if...

1) They charge a membership fee? - I'm in!

2) They charge a listing fee based on your reserve? - I'm in. (creates quality rather than a free service)

3) They have a tiered membership fee? (Quality Domain Membership, all the way down to crap domain membership fee) - I'm in!

4) You dont want another Craigslist right so create reg fee auctions, or $1.00 auctions but with a percentage paid upfront...or maybe at the end of the sale - Point is, IF 60, 70, 80% of the domains are not worth $28.00 then have 99 cent start auctions, but make us pay for them somehow...

listen I dont have all of the answers at all, and I am sure some of my thoughts here could be shredded apart but my point is this. They provided an incredible service and it will be a HUGE loss when Bido is gone. I would be more than happy to pay for those same Services, rather then see Bido close down.

Sorry to hear this.
Vito.

 

[gazzip]

I third Brad.

I thought their model was interesting but not very practical from day one, it's a pitty really as they did try to push the boundaries and try something different, unfortunately not to be...this time.



.

 

[shane mac]

Paid membership? I'm in
Paid listing service? 50 cents a domain or something I am in!
Start bids? Nominated by the seller!! $28 is too much for crap.
If a domain of yours sells, you get 1 free listing of another domain!

Don't simply abandon the project, but what can you do if, as I supect, its a cash flow problem.