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Many wish to use the services of auction houses are not ready, willing, and able. This post is for those who wish to sell, need to sell, and motivated to sell. If you belong to the group who wish to hold tight to inventory, this isn’t meant for you.
Ready, willing, and able:
Ready: This one is about motivation. If you are not motivated to sell, that is, if all your hope is for that one person to come and purchase, if you have those high hopes that an end user will show up at the auction and save the day, vibrant and live auction houses aren’t for you.
Willing: You must be willing to sell, and sometimes, that may mean even at a loss. To understand better, let’s explore what trading is.
To buy and sell (stock, for example)
As stocks, it is perfectly fine, common, and acceptable to buy, see decline, sell, hold to your cash, and buy again lower. It is perfectly fine to buy, see decline, and move to a different stock, one which you may think will do better from here on.
It isn’t much different with domains. You do not have to hold forever. You may want to sell a domain just to pick it up later for a better price. You may want to sell in order to buy something else.
And let’s not forget, besides trading, there is always the circumstance argument which means, circumstances Happen, things change. It may be family emergency, other opportunities, commitments, financial difficulties and what’s not. If you are motivated to sell for whatever reason, read on.
Able: No brainer here, You must be capable of selling, that is, you must own what you want to sell, you must be able to transfer when the sale is made.
At Bido, we would like to see those type of sellers. Having such dynamics is what creates a healthy market environment. What we try to do is create a market where trading happens, not when an end-user may wake up and decides to buy one day, but when you, the ready, willing, and able seller, need it to happen.
Have a great day!
Sahar
Agree. Especial.ly if you hold .com portfolio.
With some ccTLD and new gTLD you might wait few years to let it mature a bit.
That’s great Sahar but can you tell people how far out you are booked ? Meaning if you already have 100 names chosen then someone submitting now will know at best they are looking at July.
Thank you
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This was answered on NamePros. Also, in order to do this efficiently Bido will need to open up, as we will in the future.
Cheers
Sahar