other Yesterday's sales on Bido.com

[Bido.com]

purchaseringtones.com $30.00
yae.de $600.00
mob.mx $60.00
workoutmachines.net $28.00
lengua.mx (bp) $135.00
g5u.com (acc) $146.00
websitelayouts.net $28.00
clinicalspecialist.org $28.00
visamerchant.net (bp) $100.00
flowersfast.us (acc) $28.00
correctiveeyesurgery.us $28.00
death.mx (bgp) $28.00
hdprinters.com $101.00
campingtrailers.org $42.00
usedguitar.org $42.00
womansshoes.net $28.00
girlsbicycles.net $28.00
mystery.cc $28.00
announces.de (bp) $108.00
explores.de (bp) $99.00
dancingcareers.com (bp) $28.00

the above list were all sold on Bido.com yesterday.

(bp)-The BidoPrice was not met, but the seller accepted the high bid.
(acc)-This auction is an Accelerated Auction. Either the seller skipped the voting process by using Bido Credits, or a bidder placed a preliminary bid.
(bgp)-This item was initially submitted into the Bido Guarantee Program.

You can view the entire list of what's selling on Bido at this link: http://www.bido.com/SalesArchive

If you're interested in selling your inventory on Bido, it's free to list at this link: http://www.bido.com/SubmitDomains

 

[katherine]

So we have a total of $1,743 in sales, I hope you guys don't depend on the 10% cut for your living.

 

[Stian]

So we have a total of $1,743 in sales, I hope you guys don't depend on the 10% cut for your living.

Give them a break. The Bido concept is really awesome and just what the domain market needs. Sellers are able to list their domain names for free, set their own reserves and get a dedicated live auction for their domain name. The only "problem" with Bido as I see it now is that 99% of the domains submitted are of very poor quality and worth little to nothing.

I predict great success for Bido in the future, when/if the quality of auctioned domains is increased substantially.

 

[katherine]

I agree quality is an issue, if not THE issue.
Now it's kind of chicken and egg situation, the overwhelming poor quality deters serious investors from paying attention.
Plus, your domains are confined to a domainer audience - hardly the way to fetch top dollar for your online assets.

$173 on a single day is peanuts not even taking the overhead into account.
The figures don't lie
Just hope that one day, Bido will rethink their business model.

 

[MediaHound]

The 21 sales you see in the first post we did with 131 auctions. Realize that about 1 in 6 auctions sells with a winner on Bido. We've very comfortable with this ratio. As we grow the inventory being listed (and we are), everything will rise accordingly.
We've been building our technology to provide this attractive balance and high likelyhood of sale, and we still continue to build and enhance the platform.
We would rather auction a large number of smaller value domains than one high value domain. The reason is we help more people sell their inventory this way, it's better for the industry rather than a handful of lucky sellers. When we put the focus on items that are In-Demand, we provide a vibrant marketplace. While it may seem small now, it's vibrant like nowhere else.
We do the number of sales each day that we do with a very small amount of inventory, considering. For that reason, listing your inventory at Bido, letting the community vote the well-priced domains to auction and help you sell them is worth your time.
We feel that you will see the number of sales happening on Bido continuously rise as we introduce more and more buyers and sellers to Bido, which we are doing.
Inventory that is balanced between quality and price has a very high likelyhood of sale.
As we increase the number of domains being submitted to Bido, the amount of auctions we run will rise, as will the number of sales, as well as average sale price.
Remember that Bido provides liquidity options to sellers, we are not like other marketplaces that have millions of domains in inventory and get lucky once in a few thousand listings.
We turn over inventory much faster, it's in, then out, and either sold or unsold. This format keeps bidders coming back and finding good inventory to purchase, because it's been filtered and pre-screened.
If you have domains that are for sale, we feel that listing with Bido is worth your few minutes to list them (listing is free and fast, afterall).

@sdsinc - We were recently voted as one of the most innovative sales platforms in the industry.
If you feel we should rethink the business model, and have some specific suggestion, we value that and welcome it on our feedback portal:
http://feedback.bido.com
Top dollar and liquidity are two different ends of the spectrum. With our BidoPrice auctions, you select your minimum price that you are willing to send your domain to auction.
So all the sales that are happening that you see in the post above, and in our sales archive are prices that the seller was comfortable with, or more. Please keep in mind that the auctions are not "no reserve". Sellers all picked those prices (or lower, and it sold for more). While to you, the prices may not seem "top dollar", we never claim to bring top dollar. Top dollar is what, anyway? Where is the ceiling? We do provide a very high likelyhood of sale, however. Those sellers who turn to Bido realize they would rather have this high likelyhood of sale. It's why about 1 in 6 auctions sell.
If you have tried, you may know that getting top dollar is difficult, when you need it. Buyers are not always there when you need them. We provide a very refined and reliable balance between pricing you are comfortable with and buyers who are comfortable purchasing at those prices. For this reason, if you do not "need" to sell, and are able to hold out for those extreme top dollar sales, perhaps Bido is not for you. Those other "make offer" marketplaces may be a better option. The inventory you see on Bido has a price attached, and a community who screens the inventory based on that, and sends them to auction. Many are having great success, both earning money selling domains, as well as earning money as part of our Vote For Profits program. We're bringing more and more buyers and sellers together and these things do not happen overnight. We are categorically committed to continuing along the path and enhancing what we do, and growing those numbers for all involved with doing business with us.
We're not newcomers, we've been in the industry for many years, we're approachable, accessible, and fanatical when it comes to support. Don't take it from us, read some testimonials. I may be reached at 800-611-Bido x777 or [email protected]. Thanks for the opportunity to discuss.
Regards,
Jarred

 

[katherine]

Hi Jarred,

Thanks for the lengthy and constructive reply.

I think you're right when you're saying domainers belonging to the 'no need to sell' category may not see any benefit in Bido. I belong to the latter category.
Bido is geared toward liquidity. Okay.

My gripe is with the quality of domains traded on Bido, or the lack thereof.
Maybe Bido does well for sellers but how does it perform for potential buyers ?
As a domain buyer I see little incentive to even visit because I need to allocate my time toward productive mining so I cannot afford to spend time sifting through reg fee domains in the hope of finding that jewel in the rough here and there.
So what can be done ?

On Bido the few decent domains are buried under a ton of junk.
In my view the voting system is flawed and the marketplace has been phagocytized by domainers that must be newbies, and are recycling worthless domain names to other newbies.
Isn't it possible to have both liquidity and domains of higher caliber ?

PS: no offense Jarred I like you and I think the team behind Bido are smart people.
But it's frustrating to see the potential that is being wasted.

Maybe I'm being too harsh just because Bido is not a place where I would want to sell domains today.

 

[MediaHound]

I would recommend you look closer at the "interest gauges" that we recently introduced. These icons to the left of each auction show you insight as to more granular levels of interest, based on types of interest categories. They look like equalizers, with bars of color from blue to red.
Cover your screen with your hand so all you see are the interest gauges, scroll down, as you see the icons with the most color bars filled, you know those are the items with the greatest amount of interest. This makes it easier to find the gems fast.
Let me know what you think.

---------- Post added at 09:21 PM ---------- Previous post was at 09:20 PM ----------

"Bidding" is an indicator of the volume of bids on the item.
"Watching" is an indicator of how many people added this item to their watchlist (coming soon).
"Voters" is an indicator of how many people voted for the item. The fewer the amount of voters, the greater the interest (because voters placed more votes). To learn more about voting, please visit Vote For Profits.
"Speed" is an indicator of how quickly this item passed through the voting process.
"Views" indicates how many people viewed the item by visiting its dedicated page or expanding its listing in the tab to read more about it.

---------- Post added at 09:39 PM ---------- Previous post was at 09:21 PM ----------

I'd also like to add that, in addition, we have further enhancements coming to the Vote For Profits program very soon.
The upcoming changes are designed to hold voters even more accountable for what they're voting on. The upcoming changes will reduce wild, blind, and me-too votes. The upcoming changes will also ensure that voters are rewarded when they frequently vote on inventory that sells, and those who vote frequently on items that do not sell will be penalized. This will help voters learn how to vote better and more accurately and with greater care. The other half of the good news is the complimentary voting points will be issued more frequently.
This will bring the auction inventory on Bido to an even finer level of items that are quality, well priced, and in-demand.
We constantly observe and balance things as we scale up, and this change is just one of many things we're still building and have yet to introduce.
It's a work in progress. We're finding the best balance for all, and continue to adapt where needed.

 

[mic93304]

They're getting 10% now but I am sure sellers will pay premium listing fees in the future to get their domain names on top of the list. That is how you really cash in. Charge them $20 dollars for top listing placement.

 

[katherine]

Many domains sell for the minimum bid of $28, so paying a $20 fee to promote a $28 domain does not sound like a winning deal

 

[MediaHound]

Good thing we don't have a $20 fee.
The commission is 10% and there is no minimum fee or anything like that. It's always 10%.
So on a $28 sale, the seller will net $25.20

 

[MediaHound]

In regards to featuring domains on our homepage, what we have is something called Auction Acceleration: http://www.bido.com/AuctionAcceleration
This allows you to get your domain in our auction inventory if you do not wish to wait for it to get voted in (or if it didn't get enough votes).
Where other sites wish to collect listing fees to get domains on their homepage, we put all auctions on our homepage. To get your auction in that list it just needs to make it to auction either via Voting ( http://www.bido.com/VoteForProfits ) or Acceleration.
Acceleration has a small fee of one (or more) Bido Credit ( http://www.bido.com/Info/Bido+Credits ) and the credits are returned for reuse if the domain sells.

 

[ezimedia]

HI

Not a bad return $25.20 if you sell a .info name that cost you only $0.79 at godaddy and if the domain does not sell then push it back to voting after 30 days... but do make sure the .info name has good keywords in it... like Remote backup that I sold. and others..

Tom