Bidify, at www.Bidify.com, is a new business opportunity which takes the current popularity surrounding penny auctions and combines it with an opportunity for profit sharing.
Penny auctions are different from traditional auctions because they charge their users a fee each time they bid on an auction. This fee ranges between fifty cents and seventy-five cents per bid. These fees cover part of the site’s operational costs, while the remaining fees become profit.
With their recent explosion in popularity, a decent penny auction website can have hundreds to thousands of bidders each day, and the capital of a popular penny auction site is impressive. Bidify.com gives its affiliates the opportunity to share in the profits of their penny auction site, Bidsson.com.
How It Works
First, simply joining Bidify is not an option. Those looking to join Bidify must be invited by an existing affiliate to be a member. After receiving your invitation, you must pay both a start up fee and then agree to a monthly administrative fee.
As Bidify.com is based in Iceland, their start up fee is listed as 100 Euros, and their administrative fee is 20 Euros a month. At the time of this publication, the Euro is worth $1.3052, which means signing up for Bidify will cost you $130.52, and the administration fee will be $26.10
After you have become a member, your job is to sell sample bids to potential Bidsson penny auction customers. You will receive points for the number of sample bids that you successfully sell.
At the end of each day, 50% of Bidsson’s net profits is shared between affiliates with appropriate levels of points and will be paid out as cash to qualifying Bidify affiliates.
The Bottom Line
Bidify merges the ideas of affiliate marketing – by requiring affiliates to recruit new members to their penny auction site – with a multi-level marketing compensation plan.
These penny auction/profit sharing opportunities are starting to spread through the internet, but they are still relatively new and there is not much being reported on whether or not they are effective money making opportunities.
If you have any experience with Bidify or similar opportunity, please leave your reviews below.
Me and my entire downline put over 20K Euro almost a year ago, we never saw a penny back!!!
BEWARE!!!
Bidify is one of the greatest thefts in the MLM history.
Its very much same as zeekrewards ,it said you will get the money back in 120days and share their 50% daily profits.
very unfortunatly ,I invested usd$3000 in bidify ,
After zeekewards was shutted down ,I asked for to stop the investment and wanted money back ,but they said YOU couldnt get it back once we invested it .
It has been more than 120 days investment,you were supposed to get the back , not metion the profits.
However they said they have always reserved the right to modify their compensation plan in the event of changes to the law or market conditions.
With the new policy , you had to pay $25 monthly fee to keep the account active. And with $3000 investment I wont even make $25 enought to pay the monthly fee.
They want to grab all of your hard earning .
For those victims ,you could please file a complain to SEC,as the link below .
lets work together to put the dishonest gang into the jail again and stop the scam !
https://tts.sec.gov/oiea/Complaint.html
1st you invest in subcompany that says you are buying a business to operate within Bidify. Bidify will do the most work for you, and you will get a share of the money every day. However, you will only receive about $1.50 a day. This is if you have invested in @ $1500. And then, with $1.50 or less per day, you will be lucky to save @ $45 total for the month, but wait... You have to pay $50 per month to keep it active each month. Hmmm, you didn't gain anything, but continue to feed Bidify scum bags to get rich. If this isn't highway robbery, I don't know what it is.
Plus, you ask for a refund and no one answers. You ask question and no one replies. Ahh, but they do reply when you ask about how much does it cost on certain things.... Only when it pertains to giving money to bidify, will they answer. Hmmm, the originator of the Bidify stays hidden, from Iceland, and registered in seemingly disguised in Britain, and nowhere to be found.
Why am I writing this? My wife was scammed and I warned her about the Ponzi scheme. The pyramid scheme. This is disguised Ponzi scheme that says "business is for entertainment bidding of penny auction, and profits will be shared." Trust me, don't fall for it. You'll only lose money.
with $3000usd invest ,actually you can only make5-50cents a day apprently ,even not a dollor.
Not enough pay for the monthly fee!!
please file a complain to sec ,who shuted down the zeeker. Only the goverment take a action to investigate ,then we could have a hope to get some money back .
http://www.sec.gov/complaint/select.shtml
And I will contact the SEC also