Bidify

Bidify Review-The Secret To Earning Big.

Bidify-Overview

Bidify  is primarily a website for penny auction which assures affiliates revenue  share  in each bid sold or they give  as samples. It is very important to under the underlying concept of Bidify before joining. Remember , you are not investing  in a stock , bonds or any form of equity. You are purchasing  bids to give away as samples to bidsson.com customers.

Bidify-Company Background

. Bidify was founded last November 5, 2011 by the president and CEO, Larus Palmi Magnusson from Reykjavik, Iceland. He is also the Co-founder as well as proprietor of Bidify together with Bidsson. The company is located at Mahe, Seychelles.  Biddson is  the Penny Auction site  managed by Jorn Davidsen of out Germany.

Bidify-How It Works

Bidsson has a profit pool, where it share 50% of the daily net profit from the penny auction with qualified  affiliates. For a qualified affiliate to earn from the revenue share they have to give away bids to bidsson customers.

Each point generates cash rewards calculated from the profit pool for 120 days. After 120 days you can no longer generate earning of the purchase bids.

Bidify-Compensation Plan:

Bidify  compensation  plan is primarily categorized into four portions such asProfit Share, Retail Commissions, Bid Buy or Repurchases created by the personal recruitment and lastly, Fast Start Commissions.

• Profit Share

If you or your recruits buy and repurchase bids which you will give away, it will enable you to participate  in  the  income sharing pool every day.

• Customer Bid Consumptions

Any personal recruitment for penny auction of Biddson and then they purchase bids using your links, you will receive a reward of 20% cash award.

• Recruited Affiliate Bid Purchases

If the recruited person repurchased bids, you will have 5% within your first stage and if qualified, may also have 5% within the next up to third stage also.

• Fast Start Commission

 This depends on your level of affiliate membership.

Bidify-New Changes To Expect

As at the time this Bidify review is being written the following are the changes to expect once they launch on April 15^th.

• No more FREE affiliates, all free affiliates will be retail customers

• An improved compensation plan

• Changes in signup package

• Changes in monthly subscriptions

• Changes in the One-Time bonus

• Changes in qualifications

• No purchase requirements

Bidify-Legal Side

Although Bidify is not US based , they still want  the longevity of this business model. So they went the second mile to hire  US Attorney Kevin Thompson to see to every legal expert related to compliance. To me this is a great mile stone for any business.

Bidify-is It A Scam ?

Studying the website, the transparency and all the legal milestone, I can tell you that Bidify is  not a scam , as they are doing everything to stay here for a long time.

Bidify Review 2012

by ADMIN on APRIL 7, 2012

Bidify Ltd. is founded by Larus Palmi Magnusson – CEO & Chairman who lives in Reykjavik, Iceland. Bidify offers a state of the art, first class affiliate system, and is the marketing arm of Bidsson Ltd, a global Penny Auction. Bidify operates globally through the internet, and have company presense in multiple countries. Frode Jorgensen is Chief Creative Officer, he lives in Norway with his wife and children. Kevin Thompson is Legal advisor.

Larus has been a top producer and successful in many Network Marketing Company he has been involved in over the years. He has seen the good and the bad in the industry, and have first-hand experienced companies disappearing over the night. In 2011 Larus started the discussions with his partners to create Bidify.

Frode got involved in Bidify as a programmer and software developer, but quickly found a full time job. Now Frode is in charge of programming, designs and creative development. Frode works closely with Larus in daily operations, but his specific work includes managing programmers from all over the world plus stay in close contact with the Legal Team and Bidify Affiliates.

With over 20 years of experience in the Network Marketing industry, Frode has seen it all, he has been to the top, but also hit rock bottom, hard. Frode has probably been though more difficulties the last 6 years, than most people ever will in a lifetime. These difficulties has given knowledge that cannot be learned, it has to be experienced.

Product

Penny Auction through Biddson.com.

To signup as a customer at Bidsson.com is free and customers are awarded free sample bids (given away by Bidify affiliates) for various activities they do on the site. Bidsson.com can be fully accessed through facebook as well.

When you purchase a subscription package, you will be able to purchase Sample Bids to give away to Bidsson.com customers as samples. Each sample bid you purchase, generates Bid Points which can be earning you cash rewards from the Bidsson.com auctions.

Compensation Plan

An Uni-Level compensation plan with commissions up to 15 levels deep. There are 3 affiliate packages as of April 2012:

• Executive Subscription Package for € 150. Includes 1 Towah MasterCard Prepaid Card, 30 Retail Bids and 50 Package Sample Bids.
• Premium Executive Subscription Package for €250. Includes1 Towah MasterCard Prepaid Card, 30 Retail Bids and 150 Package Sample Bids.
• Platinum Subscription Package €1,000. Includes 1 Towah MasterCard Prepaid Card, 30 Retail Bids and 1,000 Package Sample Bids.

In Bidify there are six different ways of earning cash rewards.

• Retail Bid package purchases made on Bidsson.com by your personally referred customers.
• Personally referred affiliate's sample bid purchases through Bidify.
• Downline affiliate's sample bid purchases through Bidify.
• Personal sample bid purchases, once they are given away to customers of Bidsson.
• One-Time bonus on personally sponsored and downline affiliate's subscription purchases.
• Monthly bonuses on personally sponsored and downline affiliates monthly subscriptions.

One-Time Bonus is paid out on every affiliate subscription package sold. There are two different ways you can earn a One-Time bonus. Personally referred subscription package sale and  Downline subscription package sale 15 levels deep:

The Unilevel commission is paid instantly on every subscription renewal (from second month), as a cash reward and made available in your account immediately, 15 levels deep:

Bidify Facebook Presence

With 20,420 likes as of April 2012 the company has build a great facebook presence:

Bidify Alexa Rankings: Worldwide