Penny Auction Profit Sharing

Bidify.com Reviews – Legit or Scam?

May 8th, 2012  |  Published in Penny Auction Profit Sharing

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.

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ZeekRewards.com Reviews – Legit or Scam?

February 23rd, 2012  |  Published in Network Marketing, Penny Auction Profit Sharing, Penny Auction Sites

ZeekRewards.com is a new and different business opportunity that combines the popularity of penny auction websites with a profit sharing business opportunity.

Unlike traditional auctions, penny auctions charge their users a fee each time they bid on an auction, often between fifty cents and seventy-five cents per bid. Part of these fees pay for the site’s operational costs with the remaining fees being profit.

With hundreds and thousands of bidders each day, the earning potential of a popular penny auction site is impressive. ZeekRewards gives you the opportunity to share in the profits of their penny auction site, Zeekler.com.

How It Works

First, you may not simply choose to join Zeek Rewards. Instead, you must be invited by an existing affiliate to be a member. You may be a free member, and earn commission from selling Retail Bids to Zeekler customers, but then you are not eligible for profit sharing.

In order to be eligible for profit sharing, you must have a Premium Business Center subscription, of which there are three levels: Silver for $10/month, Gold for $50/month, or Diamond for $99/month.

After you have subscribed, you must either purchase VIP bids yourself to give away as samples to prospective Zeekler users, or you must sell Retail Bids to new Zeekler users.

In addition, you must place an ad for Zeekler.com once a day, using the ZeekRewards Back Office. Once you have fulfilled these criteria, you are eligible for profit sharing.

Once you are eligible, your share of the profits is determined by how many VIP ProfitPoints you have in your account, which you earn by selling or distributing VIP bids. 1000 VIP ProfitPoints means that you are qualified to earn 100% of that day’s individual share.

The Bottom Line

ZeekRewards is a new and different business opportunity. It is merging the ideas of affiliate marketing – by having its members place ads and recruit new users to their penny auction site – with a multi-level marketing compensation plan.

One potential problem with ZeekRewards is the complexity of their compensation plan. It may be hard to recruit new affiliates to your downline if you cannot easily explain to them how they will earn their money.

However, there really aren’t any other business opportunities out there similar to this one, so it is difficult to say whether or not it is worth the time, effort, and investment that would be required to make it successful.

If you're at Reviewopedia.com because you're looking for a way to make money online then check out our article "7 Ways to Make Money Online" - methods that anyone can use to earn an income from home.

 

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