Bido added a number of new features today.
Credit domain name auction site Bido with constantly tweaking (or overhauling) its site in response to feedback.
Today the company announced a number of new changes:
1. Name your starting price. No more $28 minimum/maximum. A lower minimum will likely result in more votes.
2. Vote for profits. If an auction you vote for goes to auction and sells, you get a cut of Bido’s commission. The goal is to incentivize you to participate in voting. You only have a certain number of votes you can use.
3. BuyItNow pricing. It costs one Bido credit to set a buy it now price.
4. Negotiations. Negotiate on prices instead of going to an auction.
I like these ideas, especially naming your starting price. I also like voter profit sharing. My only worry — that I’ve voiced before — is that Bido is getting to complicated. Its initial success was due to its simplicity.