Recent auctions show that platform can deliver good prices.
I’ve been a fan of domain name auction platform Bido for awhile, even though I’ve had my reservations. My most recent complaint was domain quality. But Bido seems to be picking up the slack in that category. And a funny thing has happened as quality has improved: domains are starting to sell for “good” prices.
Just moments ago TechSupport.mobi sold for $540. As an outside observer of .mobi, I’d say this is a nice sale for the owner of this domain. Today.us sold for a very strong $2,409 last week. And nize.com sold for a solid $2,142.
Bido has tweaked the formula to enhance the community experience. It has invited industry professionals to join the web chat during each auction. It even had a video chat with Rick Schwartz during the Today.us auction, which no doubt affected the ending price for the domain name. (The domain was sold by Schwartz’s TRAFFIC business partner Howard Neu.)
It’s exciting to see a new platform starting to shake up the industry.
Alan says
Well said.
Tia Wood says
I really liked the video with Rick Schwartz. It was fun, new and different. I see bright things ahead for Bido. 🙂
jp says
I like all of Berkins’ $666 wins.
Jarred says
Thanks for the coverage. We’re happy to bring these new format changes and we’re glad it’s improving the results. We appreciate all the feedback from everyone and thank you all for your support.
Sahar Sarid says
Hi Andrew, and thanks for the kind words.
We’re constantly pushing forward with new ideas. To tell you we have figured it out would be a lie, we have not. We have a long way to go, some major releases in the next few months of related products under the Bido umbrella, as well as we need to do a better job on all fronts.
Back to work.. thanks again Andrew.
Sahar
Roger Collins says
I agree its cool, but how can a business model that promises never to sell more than one name per day shake up the industry? Unless those names start getting more and more expensive, there is no way to grow. I’m sure I’ve missed something – tell me what it is.
vpdz says
it’s like spanish language, 4 letter, rememberable. I want it too
Jarred says
@Roger Collins, Bido will soon be auctioning more than one domain per day. It’s no secret that the business cannot survive and be profitable with just one domain auction per day. We’re still building things, releasing features, taking feedback, and ramping things up in a progressive and organic fashion. There’s a lot more to Bido than meets the eye at this time. Nice to see you leave a comment here, for that we thank you very much.