Comments on: My Experience Selling at Bido http://ruraltechnocrat.com/2009/10/14/my-experience-selling-at-bido/ Web, Technology, Business Wed, 25 Aug 2010 13:02:44 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Bido: No Holds Barred Series, Written By You at Conceptualist.com, By Sahar Sarid http://ruraltechnocrat.com/2009/10/14/my-experience-selling-at-bido/comment-page-1/#comment-27 Bido: No Holds Barred Series, Written By You at Conceptualist.com, By Sahar Sarid Thu, 15 Oct 2009 15:15:58 +0000 http://ruraltechnocrat.com/?p=99#comment-27 [...] and publish, we will link to it, just let us know. On that note, the following blog post, “My Experience Selling at Bido“, was posted yesterday elsewhere. Thanks for the feedback [...] [...] and publish, we will link to it, just let us know. On that note, the following blog post, “My Experience Selling at Bido“, was posted yesterday elsewhere. Thanks for the feedback [...]

]]> By: Mike http://ruraltechnocrat.com/2009/10/14/my-experience-selling-at-bido/comment-page-1/#comment-26 Mike Thu, 15 Oct 2009 15:15:57 +0000 http://ruraltechnocrat.com/?p=99#comment-26 Sedo has sold a handful for me as well but only in the mid XXX range. Unsolicited is actually the more frequent method of sale as I guess they check into the WHOIS and just email me. I'd say that the second largest statistic for me is unsolicited NON sales.... those are when people ask if the domain is for sale, I reply "yes" and they dont ever reply back. I didnt scare them off with a quote and I'd never quote a price that way anyway.. I cant even count the number of Afternic sales "failures" where the buyer stopped in the middle of the escrow process and never paid - just disappeared. Good luck to you as well!! Sedo has sold a handful for me as well but only in the mid XXX range. Unsolicited is actually the more frequent method of sale as I guess they check into the WHOIS and just email me. I’d say that the second largest statistic for me is unsolicited NON sales…. those are when people ask if the domain is for sale, I reply “yes” and they dont ever reply back. I didnt scare them off with a quote and I’d never quote a price that way anyway.. I cant even count the number of Afternic sales “failures” where the buyer stopped in the middle of the escrow process and never paid – just disappeared. Good luck to you as well!!

]]> By: Cole http://ruraltechnocrat.com/2009/10/14/my-experience-selling-at-bido/comment-page-1/#comment-25 Cole Thu, 15 Oct 2009 04:30:15 +0000 http://ruraltechnocrat.com/?p=99#comment-25 Thanks for the comment Mike - glad you enjoyed the post! Depending on how involved the seller chooses to be there definitely is a lot of leg-work for the seller. There are the occasional $1K+ sales at Bido, but those are largely commodity domains or those where the seller has brought multiple interested end-users to the auction. Everyday there are MANY deals to be had and hence the reason why I have purchased 25+ domains through the Bido system at great prices. It is always sad to see many dozens of domains go unsold each day, but such as it is with a social auction platform. There has been some analysis in the various forums as to the % of domains that sell and those that sell under $50 and the results most likely do shy domainers away to extent - frankly my 2 for 7 record probably isn't too shabby. From the conversations I have been involved with and witnessed with the Bido staff, they are very happy with how things are working out at the moment and are excited about new features and the Bido Guarantee program. It's all about the averages and those Afternic/Sedo end-user sales are huge. It really seems like domainers are split between those looking to turn an $8 investment into $30 quickly and those looking to turn a $50 investment into $1000. I have been gradually shifting to the latter as I "trim the fat" from my portfolio and focus on the long-term and higher-return sales. Congrats on the Afternic sales, I still have yet to have success there, but I am relatively new to them. Sedo and unsolicited contact have been the main sources of my larger sales to this point. Thanks for the comment Mike – glad you enjoyed the post!

Depending on how involved the seller chooses to be there definitely is a lot of leg-work for the seller. There are the occasional $1K+ sales at Bido, but those are largely commodity domains or those where the seller has brought multiple interested end-users to the auction. Everyday there are MANY deals to be had and hence the reason why I have purchased 25+ domains through the Bido system at great prices. It is always sad to see many dozens of domains go unsold each day, but such as it is with a social auction platform.

There has been some analysis in the various forums as to the % of domains that sell and those that sell under $50 and the results most likely do shy domainers away to extent – frankly my 2 for 7 record probably isn’t too shabby. From the conversations I have been involved with and witnessed with the Bido staff, they are very happy with how things are working out at the moment and are excited about new features and the Bido Guarantee program.

It’s all about the averages and those Afternic/Sedo end-user sales are huge. It really seems like domainers are split between those looking to turn an $8 investment into $30 quickly and those looking to turn a $50 investment into $1000. I have been gradually shifting to the latter as I “trim the fat” from my portfolio and focus on the long-term and higher-return sales.

Congrats on the Afternic sales, I still have yet to have success there, but I am relatively new to them. Sedo and unsolicited contact have been the main sources of my larger sales to this point.

]]> By: Mike http://ruraltechnocrat.com/2009/10/14/my-experience-selling-at-bido/comment-page-1/#comment-24 Mike Thu, 15 Oct 2009 04:10:45 +0000 http://ruraltechnocrat.com/?p=99#comment-24 Seems like way too much leg work for the seller to have to ALSO pay a commission and, at such low sales prices too! I've looked at the auction history and, well, its not the venue for me. Not yet at least. They have to get more buyers, and buyers with money to spend. Some of those names are selling WAY TOO LOW.. I'm about to pick up a few myself! I've got many of my domains aging into the 4-5 and 6 year time frames now and if $28 to $51 is all I could get on Bido, then I doubt I'll ever go there. No reason to sell at $50 when I've spent about that much in renewal costs over six years! I've been selling on Afternic and averaging $1000 per domain - albeit, its NOT frequent. However 5 or 6 of them per year is OK by me. It pays the [domain name] bills for now... Thanks for the post! Seems like way too much leg work for the seller to have to ALSO pay a commission and, at such low sales prices too! I’ve looked at the auction history and, well, its not the venue for me. Not yet at least. They have to get more buyers, and buyers with money to spend. Some of those names are selling WAY TOO LOW.. I’m about to pick up a few myself!

I’ve got many of my domains aging into the 4-5 and 6 year time frames now and if $28 to $51 is all I could get on Bido, then I doubt I’ll ever go there. No reason to sell at $50 when I’ve spent about that much in renewal costs over six years!

I’ve been selling on Afternic and averaging $1000 per domain – albeit, its NOT frequent. However 5 or 6 of them per year is OK by me. It pays the [domain name] bills for now… Thanks for the post!

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