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06|17|2008 12:31 pm EDT

Bido Domain Auction Preview

by Frank Michlick in Categories: Domain Auction

Bido LogoAs announced earlier, Bido, the low-reserve one domain a day auction, is set for launch tomorrow, June 18th. Sahar Sarid, Dan Kimball and Sean Stafford were so kind to walk us through the site.

The main features of the new site are:

  • 1 domain auction per day
  • 7 days a week
  • Starting at 1pm ET
  • 8% comission
  • All auctions start at $1
  • Bido guarantees the seller’s minimum price

A quick preview and screenshots can be read after the jump.

You can use Bido with an existing dnZoom account, or sign-up for a new account on the site. In order to be eligible for bidding, you will need to first add a credit card to your account. The auction domains for the next 7 days are listed on the site, and you may place your proxy bids in advance as well. The site also features RSS feeds for any of the auctions, as well as an auction overview.

Every day an auction for a single domain will begin at 1pm Eastern Time. By default an auction lasts 1 hour, but additional bids in the last five minutes may extend the auction. When bidding, the system will suggest an increased bid (which can be edited) and will use the entered amount as a proxy bid. If you are outbid at any point during the auction, the site will play an audio-alert to grab your attention.

Domain listings include some information from compete.com and the domain owner may also include additional media (images & videos) in their domain listing. The auction may also list expert opinions, which have to be approved by Bido staff prior to being displayed on the site. Anyone may apply to be an expert on the site and can post some profile information upon approval. In order to remain an expert on the site, you must comment on at least one auction per month.

Conclusion: The success of this platform will largely depend on the domains that will be listed for sale. The auction interface itself is easy to understand and to use and features a nice use of Ajax technology. You will notice the ease of use when an interface is properly designed and the technology supports the functionality instead of using Ajax just for the sake of using it.

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1 Comment

Sahar Sarid

June 17, 2008 @ 2:01 pm EDT

Was a pleasure having you around Frank, Adam.

All the best,

Sahar

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