The domain market is pretty much ignorant of the Monster Truck Trading Center. If the domain markets attention is on something else at the time or ignorant of what’s happening at Bido, the market will sag at Bido. You must get the word out.

But market sags have a habit of correcting themselves, too. Word gets out that there’s been several good domains sold at Bido for reasonable prices, the buyers will come looking and prop the market up at Bido with their dollars.

Several years ago that Rockwell Axle I mentioned earlier might have sat around at the Trading Center for months. Word got out that axles where there and going low. Now they move much quicker.

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100% in agreement, exposure is key. As a sales operation (RMG) we know this field quite well and when the time comes, when we are ready for massive exposure outside of the domain channel, we will get it. In the meanwhile, for the most part, our target audience is the domain channel where we do have such exposure.

Cheers

Sahar

Moniker has used the same argument after past auctions or when talking domain sellers into listing their domains at lower reserve prices, but it just doesn’t convince me.

Aside from that, you know that I’m enthusiastic about Bido and I believe we will see some nice sales through your platform!

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Hi Dominik,

Moniker is right asking for lesser reserves from sellers as higher ones just waste time for everyone with high bids and reserves that are not met. The domain industry is extremely small, especially if you count the active domain professionals in our industry. Bido, while an extremely young company, has a massive reach in that industry, and Moniker, with their years of experience, even more. Both Moniker and Bido auctions are a great reflection of what the market value is for domains. Of course, we would all want to believe all our domains are much more valuable than what they are but at times, when we want or need to sell, and I know it is hard to do and definitely not fun, we have to face reality, learn that while we have one set of ideas for value, the market has another.

Thanks for all the support Dominik, always much appreciated!

Sahar

I agree in principle, however market value is determined by market place. For example, If Bido hired Owen Frager to increase exposure of the auction to end users perhaps the market value would change significantly.

I keep wondering why Moniker or some of the other auction companies don’t hire him or some other genius to bump start this aftermarket. I wonder if he could be hired on a percentage basis? He certainly would be well worth it….

Keep up the GREAT work.

You are an INSPIRATION

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Thanks Damir!

Sahar