Are you one of those people looking to join the Bidify MLM business? Then, you probably are thinking if it’s a legit company or not. There are actually many people looking for information about its company background, products, and compensation plan. In order that it becomes a lucrative choice for MLM, you need to determine these crucial points to help you come up with the right decision.
Bidify Review: Company Management
This company is founded by Larus Palmi Magnusson. He founded this company that is offering a first class affiliate system to its members. This company is a marketing arm of another enterprise known as the Bidsson Ltd.—A popular penny auction site. This company is operating worldwide using the power of the internet. The CEO of this company is Frode Jorgensen. The founder Magnusson is a popular name in the network marketing industry and has a strong background in the field. He has seen both the good and the bad about network marketing so it’s quite obvious that he has the experience and skills to start this company. Many people are a bit confused what penny auction sites are all about, so they are trying to decide whether this company is a good home business or not.
Bidify Review: Products
As mentioned earlier in this review, the business is marketing penny auction to its customers. It works by having its customers submit bids to the company and then every time that there’s a new bid submitted the clock will reset to 30 seconds. During the time that there will be no bid accumulated, the last bidder will win. If you’re interested in this niche, then this might be the company for you.
You can earn money from this company if you can market it to more customers worldwide. The bids are classified as Retail bids and Sample bids. The Sample ones are bought by affiliates of Bidsson to give to their customers. These people can use the bids in the Bidsson Auction. On the other hand, the Retail ones are bought by customers to bid on the auction site. The affiliates will qualify for bonuses or rewards for the retail bid that they can sell and for every sample one that they buy which will be used by the customer.
Bidify Review: Compensation Plan
This company is using the unilevel compensation plan. If you would become an affiliate, you should need a personal sales volume of 50 orders to make bonuses and commissions. For every product that is bought from the company, you can make a one-time sales bonus. Then, you will get a 25 percent of commission when a customer can get other people to buy retail bids.
Bidify Review: Breakdown
By becoming an affiliate, you can have the chance to make money with this business. However, you should also think of growing your network to get incentive trips, bonuses, and more commissions. Bottom line is that you can earn decent money from the business by making a large downline. You can study your options and decide if you would be joining this opportunity or not. Plus, you can make good cash flows if you would think about generating more leads to sign up with the business.
How To Build A Successful Bidify Business?
You see a good number of people when they join great companies like Bidify they don’t think about this question. They dip in feet first without a plan or strategy. Reality doesn’t hit them until a few weeks after being in the company. Reality really kicks in when they try to bring in their family and friends and none of them wants to join.
The key to being successful in any business is learning how to market. You need to become a master at generating your own leads. Secondly everyone in the Bidify business gets the identical replicated website,how are you going to standout? You need to learn how to brand yourself. Once you start to figure out some of these concepts you then create duplication with your team. These are all key pieces in being successful in this wonderful industry.
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