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.
Would you like to add your review for
i invested 1110 in bidify and for 4 days i lost out on bonous cos i needed to but bcustomers, i eventually bought 15 customers and earned €11 the next day so far the bonouses have been rolling in between 11 and 13 daily... to be frank am not so impressed. judging from the progress, an average of 11.5 daily for 120 days would give me about 1400 by the time the points retire. i hope am wrong but if that is the case, without downlines it is no good and i wont recommend it. i am still watching and waiting patiently. i will feedback my progress in the coming weeks.
I can just say that my "bankroll" bonus points have grown over 70% on 43 days in the program. I haven't used more then 30 min, there is nice ways to buy the customers you need to get qualified for the bonus if your like me that don't want to get other people under you. But thats also easy when you can give away free bids to people so they can try this site out. they dont need to cash in or anything.
I have talked to so many people in this system, that seriously don't even know how it works, or how easy things can be done.
your only in for a few weeks......that's not enough time to give a solid opinion. your opinion will matter in 6 to 9 months...
Anthony
Penny Auctions are here to stay and there are two companies that command that space… Zeek and BIDIFY…. Zeek created the business sector of Affiliate penny auction marketing, while Bidify greatly improved on the model both in the compensation plan and in the products they market… Here are some of the most significant differences. 1) A feature benefit: Zeek’s sample bids expire after 90 days while Bidify’s sample bids expire in 120 days. This is a huge difference for the following reason: If an Affiliate starts out with the same number of bids in each company on day 1 and receives identical percentage growth in their daily cash rewards for the next 360 days, by the end of one year Bidify Affiliates will enjoy approximately TWICE the growth in their account. 2) Bidify pays their Affiliates on 3 levels compared to Zeek at only two levels… the growth of the third level is exponentially greater, 3) Bidify offers a uni level plan and pays their Affiliates 15 levels down… which means that an Affiliate can enjoy significantly more level 1 Affiliate commissions, and receive commissions far deeper into their organization, 4) Bidify pays 25% commissions on all customers compared to 20% with Zeek. 5) This is a biggy also: Bidify offers a Buyback on their won auctions at 80% of retail price. So, if a customer wins a $1000 item for $100, for example… Bidify will buy it back for $800 less $100, or a $700 profit deposited into their cash account! I have personally earned in excess of $2,000 over the last week on this feature alone!, 6) Bidify will soon have a Buy Now option without having to bid on the item… particularly important because if a customer does not win an auction but still wants the item, the customer will be able to purchase it at retail less the amount already spent by the customer… so no loss the customer. 7) Bidify offers an integrated marketing system that is very comprehensive and user friendly, integrated with Bidsson auction site and Facebook, Linked in, etc. just by clicking on a button. The lead capture page and the drip auto responders are first class, making it very easy for an Affiliate to share the opportunity with friends, etc. 8) A quick look at the Bidsson auction site reveals upscale and upgraded products for sale such as luxury cruises luxury cars, gold nuggets, platinum coins, top notch perfumes and brand name purses such as Michael Kors, etc… In all Bidify has significantly raised the bar. 9) Oh yes, Zeek offers a 10,000 bid lifetime maximum purchase, whereas Bidify offers 25,000 per year, and spouses are eligible to also join and also purchase 25,00 per year. 10) last but not least… NO NEED TO PLACE ADS with Bidify! I recommend that Zeekers that have not yet done so, consider diversifying, and joining Bidify… as thousands of the Zeek leaders have already done, and that is no joke and no hype……..please take a look here… and then let’s talk… By the way, had an Affiliate joined Bidify 30 days ago on opening day with 1,000 bids, today that Affiliate would have 1,600 points… that is a full 60% overall growth… at this rate anyone can get rich.
So far in one month after launch we are bring in a nice profit %1.5 daily averaging some days it's more and it's going strong, I suggest you take a look it's totally free $25 euro to spend on the website and it's fun too!
I'm more than happy, I don't have to go to the 9 to 5 job anymore, and can work on this anywhere in the world. No kidding!!! If I could show you how excited I am at what I'm earning you would join up too! Don't sit on the fence with this one get in were you fit in, what do you really have to loose, the chance to make additional income for you future, financial freedom for you and your family is some good reasons.
"According to wall street journal Penny auctions are the 3rd fastest going sector on the internet." And I think one of the best business models online.
To your success, Debbie
What what it's worth, I understand they have retained Kevin Thompson, who is a highly respected attorney in the network marketing field, to help make sure they are in compliance with legal requirements.
At any rate, don't want to make waves, just encourage reasoned thought on the matter.
I am really curious to know if the site also uses FAKE robot bidders as seen with tons of other penny sites out there.
Every time you place a bid, your money is gone (unless you actually do win the auction). But if you end up winning the bid, keep in mind there will be shipping costs added as well as any applicable taxes and custom fees.
Next time someone offers you some free bids, be aware that they are actually trying to sucker you into dishing out your cash so that they can pocket it and profit from you.
The only people who are actually making money with this Bidify Bidsson auction site are those marketers(scammers) who are able to recruit others by leading them to believe all kinds of lies that they will earn BIG BUCKS by joining them or their teams!
The truth is that ONLY a select few at the top are really the ones earning anything.
Good luck and be safe!
Thank you
Jennyb
Please explain last comment .
Thank you for your time
jenny
On 20 September 2005, Plexpay was raided & shut down by Norwegian police, and Frode J arrested.
On 15 Dec 2009, after appeals, the Norwegian Supreme Court sentenced Frode Jørgensen to 2 1/2 years prison for operating an illegal pyramid scheme.
He has also run the Ponzi/pyramid schemes AmityFunds and Juugo.
Bidify is a pyramid scheme with a thin "penny auction" camouflage
Don't pay money to criminal pyramidster Frode Jørgensen!