Bido: Stage I Complete, We Now Welcome Stage II (Triple Digit Sales) at Conceptualist.com, By Sahar Sarid

Bido: Stage I Complete, We Now Welcome Stage II (Triple Digit Sales)

Published on November 10, 2009 in Bido.

Many know Bido as the market for lower quality domains, domains that go for 28$-50$ range. Our plan is to grow in stages, build a solid foundation. Now that we’ve made thousands of sales in the lower level (stage I, 99$ or less, see sales archive page here) we start targetting the next level, the triple digit range (100$-999$). Below are a number of recent triple digit sales on Bido:

trivia.cc $205

internetpostcard.com $116

Did I mention all these happened in the last 48 hours? We understand there’s still a long way to go and we appreciate all the endless support from the community, those who attend daily, continue to list, continue to buy. But for those of who stayed on the sidelines for so long, watching what we do, we’d like to extend our invitation to join us and be part of our story.

Tomorrow as you may know, we do not run auctions (in observance of Veterans Day).

We will resume Thursday and we sure hope to see you there.

Best,

Sahar

7 Responses to “Bido: Stage I Complete, We Now Welcome Stage II (Triple Digit Sales)”

Feed for this Entry Trackback Address

1 Tia Wood
Nov 10th, 2009 at 9:30 pm

“Tomorrow as you may know, we do not run auctions (in observance of Veterans Day).”

I admire your work ethics.

—-answer—-

Hi tia,

Thank you. We do things differently here. One of our philosophies about the web is just because it is open 24/7 doesn’t mean we have to work 24/7, so we take holidays and weekends off, not just for our customers but also for our own staff.

If that makes sense..

Best,

Sahar
2 Mike
Nov 10th, 2009 at 9:40 pm

hmmm, something new planned for Thursday?

—-answer—-

Not that I know of. I wish they kept me in the loop
3 Tim Davids
Nov 10th, 2009 at 11:01 pm

I like the four digit sales better I noticed mowing.info selling here for 4 digits and entered Mowing.org to be auctioned on the 18th.

Hope shameless plugs are allowed…

also I will be blogging the whole experience and what I did to promote the auction on GeoOwners after I see the results.

—-answer—-

Hi Tim,

Yea, the four, the five, the six, the seven.. All are important, however, to do it right, we truly believe it is the foundation that is the most important. Even if you look at Mowing.Info sale, would it really get to four figure if it did not start at 28$? Would it end at four figure if the buyer (and other bidders) accidentally came to Bido without being familiar with the system first, without first experiencing it with other domains? All this is related to the solid foundation we are trying to build.

If that makes sense..

Sahar
4 Undergraduate
Nov 11th, 2009 at 2:39 am

So when is stage 6 coming up?

—-answer—-

One day possibly, who knows. We have a long way to go..

Best,

Sahar
5 Ron
Nov 11th, 2009 at 7:31 pm

I am very convinced that you guys will be able to make it the
best auction platform in the future. The interface will do it,
although it could be a less flashing IMO.
What a great gesture to not have auctions on veterans day!!!

Thanks

Ron

—-answer—-

Thanks Ron. We’re hard at work as always, trying to make things better. The interface will improve there’s no doubt about that (on many levels). Thanks so much for the support !

Sahar
6 LS Morgan
Nov 12th, 2009 at 12:22 am

BIDO seems to be in a vicious cycle.

Until you guys implement some sort of quality vetting, you’re going to struggle to attract ‘the right kind’ of bidders. Absent the ‘right kind’ of bidders , you’re going to struggle to attract quality names. One begets the other, in turn, in turn, etc, etc.

If Bido is to avoid becoming the domainers equivalent of an Arkansas flea market (which it kind of is, right now), it must institute meaningful controls for quality. I believe a reasonable solution is to add a final layer of screening where people who ‘get it’ make the final decision.

Let the masses determine what’s submitted to the ‘experts’, then let the ‘experts’ determine what’s sent to auction…

Still, its all academic. Until Bido devises a method to get better portfolio holders to submit their quality names, it will have a very hard time breaking out of its present state and getting upmarket.
7 Richard Kligman
Nov 15th, 2009 at 7:48 am

I just joined BIDO and my first two names that sold were both in the 3 digits. As mentioned above GolferForum.com and also StockBrokers.tv which sold for $260.

This week I have Uzbekistan.tv on auction at Bido which should also break the 3 digits. In the past I was offered $1k for the name.

—-answer—-

Good to hear you are making some sales, and good luck with all your future sales. Any suggestions/feedback, do let us know!

Best,

Sahar