Bido Releases Transaction Manager

Thursday, September 17th, 2009

Bido releases system to manage domain purchases and sales.

Bido Transaction Manager
Bido’s new transaction manager

When you sell one domain name a day, managing the payment and transfer process can be done manually. When you start selling dozens of domains a day, it gets more complicated.

Bido has released a new buyer and seller transaction system to make its dozens of daily transactions easier. It includes both buyer and seller overviews and the ability to drill down to manage individual transactions. This self-serve tool is essential when you’re dealing with many sub-$100 sales each day.

I haven’t come across many domains that interested me on Bido lately, until yesterday. Two auctions — DFW.info and LotteryNumbers.us — caught my attention. I ended up bidding on LotteryNumbers.us, although I let someone else have it at $48. DFW.info attracted lots of attention, and sold for $324 with 19 bids. I’m not going to opine on the value of Bido in terms of creating liquidity. But I will say, if you have domains you’re looking to sell for as little as $28, it’s worth taking a look at Bido.

Further Reading:

  1. Afternic Releases New Portfolio Manager for Big Domain Sellers
  2. Bido Reinstates Reserve Pricing (with a Catch)
  3. New Domain Name Auction Platform Bido Launches

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4 Comments » - Posted in Domain Sales by

Comments

  1. Latest Domainer News
    September 17th, 2009 | 10:44 am

    Bido Releases Transaction Manager – http://tinyurl.com/mt6ryq

  2. stu
    September 17th, 2009 | 11:14 am

    problem with bido is the exposure to the market which is not the best,i think their marketing budget is not alot as i do not see them about very much.

  3. Andrew Allemann
    September 17th, 2009 | 11:49 am

    @stu – Hmm, I’ve observed the opposite. When it comes to marketing to domainers (the bulk of their market), they seem to be very visible.

  4. Domain Investor
    September 17th, 2009 | 1:04 pm

    I have been monitoring the activity. Their biggest problem is that the bidding process is very time consuming.

    The guys with deep pockets don’t have time to hang around for 1 or 2 domains. So, they get the lowballers who have been picking up some great deals recently. (I’m sure they will be annoyed I said that.)

    Jarrad has turned that struggling operation around. If it wasn’t for his effort, it would be a ppc site today.

    I’m sure it will become more popular over the next 12 months.

    One of the other problems is the quality of the domains being offered. If you owned a premium domain, would you want to offer it if you were not sure it would receive a fair wholesale price.

    Considering the size, I believe they have done a nice amount of advertising.

    I’m positive it will be years before they make any profit.

    I wish them well.

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