Philip Reitcheck | greentrees

Is Bidify Going The Way Of GoFunPlaces

Jun 4th 2013 at 2:30 PM

In case you have not read my earlier blog posts about Bidify, it is another penny auction MLM site that is using the daily ROI (profit sharing) model of compensation.  Much like the "failed" ZeekRewards and GoFunPlaces penny auction MLM programs.

Since I last wrote about Bidify they have undergone at least three different compensation plan changes, so I thought it was time for an update.  The last compensation plan is still a primarily affiliate-funded ROI scheme see BehindMLM link) and the Bidify’s v2.0 compensation plan changes must have not work very well, as Bidify failed to attract many additional customers to it’s Bidsson penny auctions.

Of course Bidsson’s former CEO, Albert Liske, publicly declaring the company to be a Ponzi scheme (see this BehindMLM link) has not help either.  Nor did the February 11th “amicable resolution” (see this  BehindMLM link) reached between Albert Liske and Bidify.

Now Bidify is doing another new launch, as both sites will be taken down for MAJOR UPDATES starting June 3rd, 2013 and will stay down until they are ready to re-launch.  But one BIG detail that Bidify management has made public was that "Bidify will be abandoning operations in the US" and will be moving operations to Europe.

Since its launch, Bidify has maintained a "virtual" presence in the USA, but due to the questionable legal status of penny auction based revenue-sharing plans, most penny auction MLM companies are now based offshore and now you can add Bidify to this list.  Example:
Better-Living Global Marketing- located in Hong Kong
GoFunPlaces- located in Hong Kong (who just terminated all United States affiliates)

The only question now is if Bidify does the same thing as GoFunPlaces and terminated all United States affiliates. I guess time will tell. This now makes JubiRev the only daily revenue-sharing MLM program that is still 100% USA based..

I did not include these penny auction based MLM programs, because they do not offer a daily revenue-sharing plan:
Bid Ambassadors Club- located in Las Vegas, NV, USA
Ultimate Power Profits- located in Pittsburgh, PA, USA (this program is almost flat-lined now)

Your Friend,
Philip Reitcheck

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