Bido to Shutter Domain Ramp

Popular upstart Bido.com is announcing a May 5 cutoff. The newfangled auction house snared many happening domainers with its enthusiastic style and upbeat marketing tempo. Many domainers grew comfortable vending their names at Bido.com and are now scratching their heads. While it may be the case that the Bido profit model couldn’t sustain the business enterprise in an extended downturn economy, the fact remains that customers are disappointed the  site/auction portal is going away.

Bido has been a popular portal for domains and many domainers new to the industry. The $1 reserve cut into Pool.com and other resellers of droplists and auctions due to high premiums for participation and domain wins in such auctions elsewhere. “Bido is ceasing operation as of May 5, 2010. All transactions and accounts will be gracefully finalized and closed.” The abrupt cutoff will lead new droplist traffic to existing Bido offers in the hopper, domainers start your droplist search scripts engines now.

Variable pricing on Bido?

Reports of a keyword rich but longer dot-com domain name have analysts positioned at opposite ends of the continuum as to pricing and appropriate auction platform auctioning. Foreclosurecalculator.com was on auction at Bido. It sold for a paltry $3. A search reveals that it was sold for an unknown amount. Does this type of auction belong on a premium site?