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.

 

[snoop]

Both name and network dont just compliment each other, they are a must to keep together.

Each on their own are definitely valuable but seriously,
The entire package together, their domain name, Hosting Service, Software, etc. are priceless.

.

Hardly "priceless", it is going to take alot of effort/risk to try and get the site into a position where it would be profitable. I'd think they probably did attempt to sell the site to another player (just a guess). It doesn't matter how much has been spent building it up if the site can't make money.

 

[GF]

Hey, maybe we should all partner up and buy it...

 

[snoop]

Hey, maybe we should all partner up and buy it...

That kind of thing normally comes down to a problem of "too many cooks". It need decisive changes I would say, major cost cutting. I think it would suit a couple of people running it. If they could get it down to say one or two owners running it (no other staff) it would probably be sustainable. Probably not alot of profit to start with, but on the right track. I've never bought there so I don't know how the process works but I would think for a $28 sale where they make $2 in revenue, that kind of sale need to be 100% automated (probably hard to do) or taken care of directly between buyer and seller (ebay, forum style).

 

[wot]

it's said and done. Bido is over for good, as you put it.
It's a sad day for us.

Good luck guys.

Hopefully what you have learned can be turned in to something positive for yourselves or passed on to other entrepreneurs.

Our industry was, and still is, in desperate need of competition to Sedo.

 

[Archangel]

I'd hate to say that I foresaw this coming long ago. Why? Pretty much as your explanation said... like the old www.oneuglydomain.com thing, this was an idea that seemed good at a time but was bound to fail in the end.

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

 

[Ms Domainer]

*

Maybe Namepros should make an offer.

Could be a winning combination.



*

 

[DNProperty.com]

Clearly buyers have not come back into the domain name market (particularly in the US).

 

[ezimedia]

HI

Sorry to see them go... I would have been happy to pay a listing fee for domains or a monthly membership fee..

Tom

 

[Jaco]

Clearly buyers have not come back into the domain name market (particularly in the US).

For garbage names, no.
The only reason a market ever existed for such names was because of 'domainia' circa 2004-2007/8ish where the rising tide raised the garbage right along with the boats and everything else... This caused a bunch of domaining monkeys to start to believe that garbage actually had intrinsic value and instead of learning and progressing, they based their entire outlook on an otherwise unsustainable, short-term mania that itself hardly even considered quality in the first place.

Right now, even names of genuine quality seem to be taking a shot (see: all recent premium auction results). The market for garbage names and 'hobbyist domainer' type names is absolutely toast and that's what BIDO chose to cater to.

 

[has2hands]

I want to offer my thanks and best of luck to Sarah, Jarred and support staff.

Their support and help before/during/after the auction process was phenomenal.

I, probably like everyone else here, watched their progress from the beginning to end. I was an active buyer and bidder in the early stages and looked at their daily emails CHOCKED full of names. Instead of thoroughly studying the daily list...I breezed thru it looking for some domain worthy of some money, attention and love....but I hardly found any.

I became conditioned, but not in positive way.

In the beginning, I enjoyed the initial comments from the domain pros and their estimates, all taken with a grain a salt, but still informative and helpful. They showed me different ways the domain could be monetized.

Then, things got kinda fuzzy for me....new things were introduced that I could care less about or fully understood. I just wanted to see quality names, one or two or even ten per day, and get in on the action..the juice.

I really didn't want to vote on domains...my vote came with my bid(s). Who had time to do that? It didn't help me. I know folks made money by picking or voting on domains but that isn't a sustainable business model. That never made economic sense to me....but I never saw the backend books...so maybe I am wrong on that point.

The initial model was higher quality domains that domainers wanted.....a few a day...low overhead for owner...and it was over in a few hours...simple.

But, just like anything, innovation comes into play...you start tweaking here and there to increase revenue...you live the life and you get blinders on and you march in a certain direction....usually due to need.

Again, best of luck to the Bido crew and remember, you guys made domaining history and lore and will be missed.

Paul Kapschock

 

[Sameh]

edit

 

[youdiezst]

RIP Bido. Goodluck Jarred!

 

[PremiumDomains101]

sad to hear, i was really starting to enjoy Bido!

 

[NetOctave]

I sincerely hope someone buy Bido and trim their software to just the basics... And put effort in developing something to filter off the junk names... And reduce the names to something around 10. This should atleast get in better inventory and more margins for them to become a hit...

 

[fm1234]

posted by Jaco:

The only reason a market ever existed for such names was because of 'domainia' circa 2004-2007/8ish where the rising tide raised the garbage right along with the boats and everything else... This caused a bunch of domaining monkeys to start to believe that garbage actually had intrinsic value and instead of learning and progressing, they based their entire outlook on an otherwise unsustainable, short-term mania that itself hardly even considered quality in the first place.

Worth highlighting and bumping. At some point in one's domaining career one has to stop using the voices in one's head as market indicators.


Frank

 

[Archangel]

The Vote for Profits thing was kinda fun, even if I averaged about 13 cents for casting 3 votes.

 

[Kate]

The voting process killed the marketplace.

 

[alistair80]

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.

It really is sad, Jarred! I see some webmasters complaining about "poor inventory" but Bido still sold some of the coolest domains...and I am glad I grabbed some I wanted very dearly!

Good luck to you and the team for your future projects! Looks like it up for sale though... A few changes in strategy and the system could get the buyer some money out of it!

 

[ComKid]

Farewell Bido. Sad to see you go for whatever the reason. I know you didn't make much off the three names I bought through Bido and a couple I sold but I know the experience was thrilling to say the least, for both of us. I wished I knew what the bottle neck was exactly in the process, but it is really none of my biz.com.

If there ever were ways to make Bido better we would have loved to see Bido find that success and solution. This is reflected in the Bido feed back many of us, myself included, had left towards a better Bido model and favored functionality. Which leads me to believe money was someway influence in this decision.

I hope the best to Jarred, Garrett and all the pack behind the Bido experience. Good luck on your journey's and put your experiences to work in your future prospects.

To commemorate Bido in a monumental salute I would like to post the three names Bido helped me purchase and the amount of Vote for Profits I earned since my membership started at Bido.


I bought.....

MonsterDice.com
NamePatch.com
GlucoseKit.com


I earned $24.15 Vote For Profits.:tu:


And I sold just over $100 in domain names. :sold:


Thank you Bido!

 

[DnEbook]

i lost interest from about day 2 when i was expected to get up at 3.45 am everyday for a one hour bidding window, i was just about to go back and have a closer look again , i think the way swapped and changed from the very beginning was their downfall, i had already turned off by the time the voting aspect came into it , it seems there may be an opportunity for someone else to take over the mantel ??? with this style of auction , although i think it was a small buying group ????