I wanted to take a look at Bido.com and see how things are going since the site relaunched with new owners in November 2010. These are stats based on the sales archive page directly from Bido from November 1, 2010 to January 28, 2011.
Total Sales: 163
Total Dollar Amount From Sales: $22,576
Average Sale Price: $139
Average Sale Price with highest and lowest removed: $81
Average Number Of Bids Per Auction: 2.4
Amount Of Sales From Accepted Offer: 36
Highest Selling Domain: Concerts.net sold on December 14, 2010 for $9,500 USD on 20 bids.
$xx sales: 142
$xxx sales: 19
$x,xxx sales: 2 (Concerts.net $9,500 & Dil.do $1,500)
Highest Amount Of Bids In One Auction: 32 (Air.mobi) selling for $751
Minimum Sales Price: $38
Amount of Listed Domains Per Day: 15-25 domains per day currently
In general, I would say that new ownership of Bido.com has not changed past results of the domain auction service in general. Not that many domain names are selling and if they do, the amount of the sale price is low. It does appear that the amount of domains ending each day has gone down but quality is still low for the most part. Some nice domains are being listed, but most do hold a reserve. Many are simply not meeting these reserve prices.
The vast majority of domain names that are selling, are ending with the $38 minimum bid prices. A fair amount of domains that sold are ccTLD’s
Bido appears to be more of a buyers market.
Bido has a eBay domain market feel to it.
Unverified stats! CasinoPokerSet.com is listed for $38 starting bid and states $38/mo revenue! Why would you list a domain that makes $38 a month, for $38 and no reserve! You wouldn’t!!!
According to Compete.com, Bido’s traffic is down -53.25% from Nov to Dec a lone and is no place near where Bido’s traffic was with the sites past owners in March-April 2010. 25K-33K compared to 4.2K in December.
The site still seems "busy" and "confusing" to me. A lot of symbols, signs, pictures, vote for profit, bido price, graph’s etc. which is pretty distracting.
Those are the numbers. I haven’t listed or purchased any domains on Bido since the site relaunched and nothing has attracted me to do so.
greg
Thanks for compiling the stats. In my opinion the time it takes to list a name for a low average selling price you may as well do some cold calling on your own. Unless it’s a name you may not renew.
Alan
Great article. I too listed some domains with
them and it took me a hour just to fiqure out how the site works.
And what about the voting scheme………
If you don’t want to wait for others to vote for your domain to go to auction, you can buy votes………I predict they will go bust by
April. It just is not worth the time and trouble!
Gnanes
I haven’t seen any advertisements done since the transfer to new ownership. They’ll have to revamp up their whole site and simplify everything.
Leonard Britt
I check in every so often but the site tends to load slowly and / or my system will lock up when visiting the site. More importantly though BIDO is still viewed as a dumping ground for low-quality inventory so the bidding activity one might see at Namejet just doesn’t exist.
Jamie Zoch
@Leonard,
The load speeds seems much better than just after the relaunch, but it was a little slower loading for me as well. With all the extra “stuff” I mentioned, I’m sure that plays a roll into the slower load time.
Michael Bilde
One improvement, I think, is that the number of auctions is down. It used to take ages just to look through today’s upcoming auctions.
Also, with auctions running longer, you are less likely to miss an interesting name.
Having said that, Bido still doesn’t seem to be generating broad interest.
RH
Good post Jamie, I wondered how Bido was doing. It just does not seem worth listing there. Too many distractions there and all the other stuff like the vote for profit and other stuff.
Logan
Bido.com was a poorly-conceived, over-engineered concept from Day One, IMHO.
Victor
They will fail again. It is hard to list a domain. They need to have one auction per hour. And, make it easy to list. Run the auctions from 9:00 am- 9:00 pm. They will do much better doing it this way.
Dave
I’ve checked out other sites and this by far seems the fairest of them all. You can skip the whole voting process and pay to list. If you sell you get to reuse that listing fee. So If your posting quality items it’s basically free.
Sedo you have to wait to get an offer to list wich could easily be never with all the listings or pay to have item listed at top of a few out of 200 categories. Odds are, you’ll never see an auction. Most of their auctions do not sell. Here’s the scrupulous part. If a buyer makes an offer to someones listing they can move to auction. That doesn’t seem fair. If it sells higher person who hunted for that gem loses out. If it doesn’t get any bids buyer is still obligated to pay what they offered. That’s shisty. If I make an offer it should be now or never. Not go announce to the world I’m interested and screw me over.
Godaddy is set up to where you can’t list without paying. No ones going to list a valuable domain without a reserve so your paying there. If you pay to feature your auction it really only helps listing visibility the last 24 hours of the auction. I pay 20 bucks for help on day 7 only? You don get money back if doesn’t sell. I’d rather get money back if it does sell like bido. That promotes serious posters.
Bido may be small, few buyers, but the system is a whole lot fairer than all of those other joints. So instead of bashing them how about promote them? Sedo is shady overly hyped, godaddy just wants your money with underpaying buyers can’t list without reserve. Bido is about quality not quantity. Let’s face it most domains sold are not quality. I think they will do well if people realize they are an honest market place.