Reglikedomain industry desk

Up Its Game (Again) — Bido Changes

Up Its Game (Again) — Bido Changes

Bido added a number of fresh features today.

BidoCredit domain name auction site Bido with constantly tweaking (or overhauling) its site in response to feedback.

Today the firm disclosed a number of fresh 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 ahead of — is that Bido is getting to complicated. Its initial success was due to its simplicity.

Also on the wire

Other reporting from the domain desk.

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