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Bidify Company Review
Jul
18

Bidify ReviewWith the popularity of Zeek Rewards, it’s only inevitable that some other companies begin popping up with similar business models. Bidify is a penny auction website with a company headquarters in Delaware (at least that is where their LLC is registered). I would like to point out that earlier reports indicated that the company was registered in Seychelles, which is an offshore tax haven. Offshore MLM’s can be problematic, as it’s more difficult for US authorities to investigate should there be any concerns.

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Regardless, it looks like the owners (who live in different parts of the world) are trying to alleviate this concern by registering their company in the good ol’ USA. Bidify’s product is “penny auction bids” which are distributed through the penny auction site “Biddson”.

Are Penny Auctions Gambling?

Personally, I’m not a big fan of penny auction sites. The user behavior that these sites inspire are too much of a gamble for me… in other words, I really prefer to be involved in companies that manufacture and/or distribute a real product, rather than just something like bids on a penny auction site. But again, that’s my personal opinion.

Npros shows that there is a lot of interest in Bidify, and the startup costs are low enough at 100 Euros (approximately $125 USD). The question remains, can you make money in Bidify? Maybe. Of course you can make some money by buying and selling bid packages, but the secret to making big money in any MLM is really a question of effective marketing.

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Comments (2)

  1. Bidify Review Says:

    July 23rd, 2012 at 5:19 am

    I wonder if bidify is going to get bigger than zeek. I heard that they have a much better compensation plan.

  2. Mark Hall Says:

    July 25th, 2012 at 3:12 pm

    Ken, Sounds like you’re a Bidify rep. I don’t think this is really a great long term play for anyone. My personal opinion is that the new is going to wear off of these penny auction/reverse auction sites. Remember when everyone was nuts about Ebay?

    Best Wishes to you,

    Mark

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