Bido: Domain Name (Social) Auction Website

in Domain Names Tech News Website Reviews by Francis Simisim — March 24, 2009 at 12:42 PM | 5 comments

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Bido is my new discovery when it comes to Domain Name Buying. Domain name investors will love this website as it makes itself different by offering an auction of one really great domain name per day. What makes it even better…

… is that everyone’s focused on one domain. With experts and community members discussing about domain name value to how it can be used. The domain names are really high quality, they’re selling domains like textlinking.com, clinicreviews.com etc., Domain names are screened before including to the auction. What’s also great is that there’s 2 ways to sell which is thru reserved and non-reserved pricing.

There’s however a fee for those who wish to sell their domain names, paying $29.95 or 3%, to those who wish to sell. It might not be all bad as it will attract more quality domain name sellers. Domain names are averaging around 16 bids and at an average price of $2000, which is not bad for sellers as they get their money back and great for investors as they get value for their money.

I like this website as it makes you more relaxed in buying domain names, one a day doesn’t make it too stressful and have the experts advices before purchasing anything. It’s a great way to see what people think of it and then decide rather than the ebay auction where you just buy it without much feedback (beforehand).

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