Comments on: Bido Reviewed http://www.domainbits.com/bido-reviewed/ Just another WordPress weblog Fri, 27 Aug 2010 04:19:18 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Mike http://www.domainbits.com/bido-reviewed/comment-page-1/#comment-14156 Mike Mon, 22 Jun 2009 22:25:45 +0000 http://www.domainbits.com/BidoReviewed/#comment-14156 After reading everything, Bido seems to be junk. A) you have to go through the hassle of transferring all your domains to the registrar of THEIR choosing before you can post it for sale B) their commission rate is ungodly for anybody with a valuable domain name (ie: $1200 commission on a $10,000 domain) C) i couldn't find an answer to this one, and at the risk of sounding ignorant, it appears as though if you post a domain for sale with a reserve price, and the reserve is not met - they classify it as an "unrealistic" reserve and there's a penalty involved. Penalty info is right there on their homepage. So if I have a domain that could be quite valuable to many people, Bido gives my domain 1 hour in the spotlight on their website. My site is expected to receive mad bids in succession, one after another after another, before a reasonable offer floats along? (People are going to lowball a no-reserve auction if they think they can. Who is going to bid on a site and say "this is honestly worth $XXXX so I'll start at $2000"? After reading everything, Bido seems to be junk.

A) you have to go through the hassle of transferring all your domains to the registrar of THEIR choosing before you can post it for sale

B) their commission rate is ungodly for anybody with a valuable domain name (ie: $1200 commission on a $10,000 domain)

C) i couldn’t find an answer to this one, and at the risk of sounding ignorant, it appears as though if you post a domain for sale with a reserve price, and the reserve is not met – they classify it as an “unrealistic” reserve and there’s a penalty involved.

Penalty info is right there on their homepage. So if I have a domain that could be quite valuable to many people, Bido gives my domain 1 hour in the spotlight on their website. My site is expected to receive mad bids in succession, one after another after another, before a reasonable offer floats along? (People are going to lowball a no-reserve auction if they think they can. Who is going to bid on a site and say “this is honestly worth $XXXX so I’ll start at $2000″?

]]> By: admin http://www.domainbits.com/bido-reviewed/comment-page-1/#comment-7014 admin Tue, 28 Oct 2008 03:30:30 +0000 http://www.domainbits.com/BidoReviewed/#comment-7014 Too funny! Good luck with the site! Too funny! Good luck with the site!

]]> By: Ian http://www.domainbits.com/bido-reviewed/comment-page-1/#comment-7012 Ian Tue, 28 Oct 2008 03:14:30 +0000 http://www.domainbits.com/BidoReviewed/#comment-7012 Hey man, nothing wrong with canadiancoins.ca. I think it will be a great website once i finish ;) Hey man, nothing wrong with canadiancoins.ca. I think it will be a great website once i finish ;)

]]> By: admin http://www.domainbits.com/bido-reviewed/comment-page-1/#comment-2269 admin Mon, 04 Aug 2008 21:17:14 +0000 http://www.domainbits.com/BidoReviewed/#comment-2269 @jp - I mostly agree with you. I think that the strategy is that they want to prove the value of the auction using their own domains as guinea pigs. Then, once they've done that, people will submit better names to be auctioned. However, I'm sure they own better names that could be auctioned and I also know several people who have submitted better names that have not been accepted. It will be interesting to see how Bido deals with this. I can tell that it's not an easy situation to be in, but I think that they have the smarts and the persistence to succeed with it. @jp – I mostly agree with you. I think that the strategy is that they want to prove the value of the auction using their own domains as guinea pigs. Then, once they’ve done that, people will submit better names to be auctioned. However, I’m sure they own better names that could be auctioned and I also know several people who have submitted better names that have not been accepted. It will be interesting to see how Bido deals with this. I can tell that it’s not an easy situation to be in, but I think that they have the smarts and the persistence to succeed with it.

]]> By: jp http://www.domainbits.com/bido-reviewed/comment-page-1/#comment-2256 jp Mon, 04 Aug 2008 17:02:26 +0000 http://www.domainbits.com/BidoReviewed/#comment-2256 They seem to have a very high proportion of house listings, like they're just liquidating they're own names. Granted it's their business and can do what they like, but it looks like a slow way to sell off a portfolio. And not a lot of transparency in the process of selecting domains to be auctioned, probably whatever they think will get them the highest commission... the layout is very nice, and once familiarized with it, it's easy to use, but it doesn't mask these other problems They seem to have a very high proportion of house listings, like they’re just liquidating they’re own names. Granted it’s their business and can do what they like, but it looks like a slow way to sell off a portfolio. And not a lot of transparency in the process of selecting domains to be auctioned, probably whatever they think will get them the highest commission… the layout is very nice, and once familiarized with it, it’s easy to use, but it doesn’t mask these other problems

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