Bid Directories permanent / year Bids

I recently decided to jump on the bid directory bandwagon, but as always I am trying to innovate and bring something different to the game.

In my view one of the greatest problems with bid directories is the permanent bid, I think this could be very dangerous on the mid/long-term and will eventually kill most of the bid directories, so I decided to go for the year model.

Every bid is valid for 1 year, so if you bid $10 today and another $10 in 1 month the total goes to $20, then in 1 year counting from the first bid the total bid will go from $20 to $10 and 1 month later to $0.

What people think of this model (I think I am the first one to use it)? Will it give more value to the submitter on the mid/long run? Will help to keep the directory alive? Tell me what you think.

 

As for your just deciding to build your directory...

Congrats better late then ever..

The yearly model sounds good but what if someone decides to bid a few hundred or a grand or two what then? should he lose his investment?
Im not sure BUT then again who would want to throw those amounts at you knowing that link will be deleted a year later?

just food for thought .....

 

You too, Louis ?

 

I do like it, because as your directory fills up and the content of some sites changes, the bad links will often sort themselves out.

 

You are absolutely right on your reasoning, but I am on it for the long run not for the quick buck, so I really don’t care.
I think the year model gives more value in the long run and avoids the premature death of the site.

LOLOL Yes, let's see if i can make something interesting..

 

Thats my point iceberg who will be next

Good Luck to all in the Bid for Position Sector

 

I just can't see the reasoning behind it to make it yearly. Would have just been better off making it a normal directory.

my .o2

 

Honestly I don't see a good reason for it either. But I will respect the way you do your business.

But if one wants to bid more, say additional $1, would it be also $1 yearly bid?

Furthermore, how do you add all the bids up to the initial bid?

If one pays $5 for 1 year for his initial bid and add $3 later on, say 3 month later, when his total $8 bid expires? I think there is a problem here.

 

coolsitez is pretty right about it. im also confused about this part.
"If one pays $5 for 1 year for his initial bid and add $3 later on, say 3 month later, when his total $8 bid expires? I think there is a problem here"

could you please explain how it gonaa work Ask. thanks

 

I think it's already pretty well explained on my first post, but if needed i could try to re-phrase it or give other examples.

 

So each time you place a bid, it's anually. It means every bid has its own subscription time.

Now, what if the first bid expires and the bidder quits the subscription for that one? The position of the bidder will be lost, naturally? It seems complicated but I guess it's possible to maintain...

 

Well probably time and the market will tell if the model makes sense or not.

 

Nice idea Ask, will be interesting to see how it plays out over the course of the year.

 

even am planning to make a bid directory, but then i think, the permanant link is a better idea, because if the link is not permanant then it won't help the user too much,
am looking foreword to your directory, the year model helps the directories in the long run but then the users, though the decision is up to you!

 

I guess if you stop adding value to your directory then a bid expiry date makes sense ... but it does run against the logic behind bid directories.

External factors like inflation and new bidders should provide increasing bids for years to come.

You can also add value ... and a host of other incentives

By linking deeper into the directory and increasing the worth of more pages.

Adding more categories, providing better listing features or offering bid management could also help get more bids.

Then you can increase traffic through vertical marketing opportunities which should also be good sources of fresh bids.

I guess if you came into bidding directories without a plan for the future then annual fees will work.

 

I was also thinking in the same manner..
The year runs from the time of bid...
That will make fair for other people to get on top of the directory.

 

I also removed almost all references to money; you can only see it on the detail pages.

 

Thats not recommended..
Because If some one want to bid to get top 10 - He has to look details of all those 10 bids ?

 

Well you can look at the first and last and just $hot something in between.

 

if you don't want to show the $ with a number next it, at least you should show "link detail" link right next to them like my bidding directory.