Bido.com is closing

[svfox]

It takes to much money to market an auction site like that.
All my sales come when an end user decides to buy.
So we all have domains and wait for end users.
You get the big money that way.
When I contact people they give me $50, haha

 

[britishbulldog]

I think the biggest mistake Bido made was allowing low quality and low priced domains in their auctions... The majority of these names were so bad that you could pick up better or comparable names on a drop with no bidders. They needed to attract high quality domains, but couldn't because few domain owners want their HQ domains associated with low quality names.

I'm sorry to see them close down, they had a GREAT model, Hopefully somebody will come along and replicate it with improvements to make it a success.

How do you stop low quality domains being put in auction ? i mean sedo still have crap in their auction because the same old analogy goes "somebodys crap is somebody elses gold"

 

[CorrectName.Com]

I think thats the rub. You cant really have auctions running daily and get enough volume of decent names. With all domains being one of a kind, there are tons of names that aren't great that would sell for say $200 if you had the right two buyers. You have to really build enough buyers of $200 names by trying to sell 100 $30 names a day with a ton not worth the $30 or not enough of the right buyers.

Likely a real niche is there for the market they were trying for, much like the one flippa filled or made.

 

[britishbulldog]

The difference was that you could pay to put any crap in as where as sedo there is loads of crap but it cannot goto auction without a bid so generally most of the crap stays out of the auctions although there is loads more crap there than bido ever had.........maybe they should of increased there price to enter then that would of kept a lot of the crap out ?

 

[svfox]

No, the problem was lack of end users. Even when they had good domains and marketed them, well most marketing was done on domainers forums/sites.
There is no way to reach end users because they don't care until they need a domain, and usually just 1.

 

[Hyphen]

I miss Bido a lot. It was definitely the most user-friendly auction platform.

 

[cmason]

I am also missing Bido...both from a professional and a social stand-point. I make a living with the quick-flip and while there was a lack of end-users at Bido, I didn't have a problem turning 100%+ profit on many of my sales.

 

[stingrae]

I am also missing Bido...both from a professional and a social stand-point. I make a living with the quick-flip and while there was a lack of end-users at Bido, I didn't have a problem turning 100%+ profit on many of my sales.

I cannot think of a better site to flip domain names than BIDO. It was liquid and I could send my decent names straight to auction.

I have dozens of domain names that I know would fetch $100+ on Sedo if I could get them to auction. That is the rub with SEDO and the benefit of BIDO.

IN the end, I couldn't get nearly the same price on BIDO as I would on SEDO but I could take a domain I regged for $7 or less and sell it for $30-50 pretty easily.

 

[bigfishion]

Who else does Bido owe money? I wrote them last week asking about refunds for credits I bought as well as my account balance, and I haven't heard anything in response.

How long does it take them to "gracefully" pay their bills?

 

[sundari]

IMHO, Hope we have lost a good easy platform for domainers.

Sundari

 

[JB Lions]

Looks like they're back. Got the today's auction email from them and didn't know if they were back or just Bido's ghost. Tried to start a thread about it, but it's in the mod. Checking the other forum and their site and they are indeed back.

 

[EM @MAJ.com]

Received the email from Bido, checked the names.. still the same junk as before. They need to choose a better domains to sell.

 

[all4cost]

The voting system has always been the largest problem IMO - and that is why you see so many lower end domains. I know it would be a bother , But I'd prefer they voted/decided which ones are allowed "in house".

The system is being abused ~

 

[ezguy]

i got a mail saying bido.com is opening back

 

[bwhhisc]

As the old saying goes: The 3rd time is a charm.

I wish them well....lets hope they go for quality over quantity.

 

[DomainScoop.Com]

They will Fail Third time, if they keep bringing the same things back, they are not still adapting to what people want, they still want people to adapt to their platform, which has been denied couple of times already. I hope they learn.

 

[bigfishion]

The reason Bido will fail again is because they are once again offering a load of crappy domains no one in their right mind would even pay registration fee to own. The new owners appear to be based out of Europe so that probably explains today's list of .eu domains.

At a minimum, they should have a featured daily no reserve auction of a .com domain with genuine value.

 

[Gerry]

I think its time to close this damn thread as I am seeing its closed and its back on the same page.

 

[bigfishion]

Don't worry. Bido will be closed again in a couple months, and this thread will become relevant again.

 

[DomainScoop.Com]

Don't worry. Bido will be closed again in a couple months, and this thread will become relevant again.

agreed lol