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The Domain Auctions at BIDO are one of the best ways to trim down your domain portfolio.BIDO Domain Auctions

 BIDO community based Domain Auctions work as follows:

  1. You first submit your domains for consideration by the BIDO community. In order to verify you really are the domain owner, just update the DNS (nameservers) of the domain you are submitting. Ideally, change the tertiary nameserver to THIS-DOMAIN-ON-AUCTION-AT.BIDO.COM. You can set initial bid and even a BIN price.
  2. Then the BIDO community sends their preferred domains to auctions by voting on them
  3. Finally, the domain auction starts and eventually BIDO provides a very fast and reliable scrow service

Listing domains for auctioning is free and BIDO only charges a 10%comission when a domain sales. So BIDO is in my opinion the best when it comes to sell domains worth up to $500.

On the other hand, you can easily buy cheap and good quality domains at BIDO and resell them anywhere else for a profit.