Just as a reminder, Bido.com a new one per day auction platform, first auction starts in an hour at 1pm EST, with the auction of DiscountImages.com.
Bidding is starting at a $1.
Just as a reminder, Bido.com a new one per day auction platform, first auction starts in an hour at 1pm EST, with the auction of DiscountImages.com.
Bidding is starting at a $1.
So they’re apparently 1-hour auctions which I think is a bad idea. I think 24-hour auctions would get more bidders a chance to bid.
Tony,
I was thinking along the same line as you, but then I started thinking. Maybe they should change the auction time until evenings when more people have more time. Rick Latona stated recently “We had a lot of sales last night when I sent the mailer out late. I guess I’m not the only domainer that doesn’t sleep.” Maybe it was the list of names rather than the time of day, they need to remain flexible and experiment. Maybe they should send out a mailer the day before instead of relying on people remembering to log into Bido. Prebidding through the mailer or full blown proxy bidding. After the initial exitement wears off will that many people really check the site each and every day. I don’t think so, most of us have more sites we would like to check everyday than we have time for. Many, if not most people, check email everyday. Maybe they could release a pre-bidders list in that mailer to help stir up interest and so buyers can gauge the competition. By doing these you can accomplish the same “effect” as a 24/hr auction. Maybe more!
From a buying perspective the 1/hr auction does have it’s benefits. If you want the domain, bidding stays within your budget, you can own it by focusing for 1/hr. It’s nice concise professional way to buy a domain.
Koz
The time was to me an interesting pick.
I think I would have choosen 4pm est as most domainers who particpate in domain auctions are around that time as snapnames.com auctions usally end starting at 3:15-3:30 and namejet.com just after that.
So if your following one of those auctions you just open up another window and follow one more.
Plus people are used to being online for these auctions at that time.
At 1pm your’e all alone and people have to make a special effort to get online.
also at 1pm it’s only 10am PST which is just the start of the day their.
No one has tried a nighttime auction.
I would be hesitant.
People have families, dinners, playtime with the kids, they go out to dinner, movies, shows etc.
Plus if you held the auction at say 9pm after all that remember on the west coast its only 6pm there and people are just getting home or still in rush hour traffic.
Scott and Mike,
I thought about the timing too but any one hour period you choose, there’s always some disadvantage because it’s only one hour. To fully take advantage of the one a day format (which is novel and a great idea), my first assumption was that the auctions would be for the entire day. I think they’re needlessly limiting the auctions and the concept by the self-imposed 1 hour duration.
It’s pretty logical. If I were to put an item on ebay, I’d choose the longest duration possible to catch the most eyeballs. In this case, you give more people a chance to see whats on sale and to bid on it. I wonder how long it will take before they tweak this aspect.