Bidsson.com, which according to their about page is a Delaware headquarted company, “owned by several entrepreneurs and is a part of the Bidify company structure who is owned by the same people. (www.bidify.com).”
Curious to find out more about who is behind this company seeing as they have left us with very vague info…
Who Owns Bidify?
Domaintools Whois Info Registrant:
Larus Palmi Magnusson ()427 N Tatnall St #15902 Wilmington
Delaware,19801 US Tel. +35.48928857
Creation Date: 01-May-2011Expiration Date: 01-May-2016
The 427 N Tatnall St in Wilmington, DE appears to be an address/mailbox that can be purchased for $16.95, according to www.earthclassmail.com/Delaware-Address:
“A Virtual Presence In Delaware
Street address available:
427 N. Tatnall St.
Wilmington, DE 19801-2230
Just $16.95 per month in addition to Monthly subscription fees
Will-call pickup not available”
Does Bidsson really have a real office in Delaware?
Also, Google cache shows that the Bidify.com domain used to be registered to Mr. Magnusson to an address in the Seychelles. “Unit 117, Orion Mall, Palm Street Victoria Mahe, K1S5P5 SC Te”
Interestingly enough, their previous address that was listed for Bidify, the Unit 117, Orion Mall, Palm Street address points to belong to SFM LTD, an offshore corporation registration company.
What is Bidsson?
Currently this penny auction site is offering a rather high priced item, a new economy car from Volkwasgen, the Volkswagen Up. While Bidsson tells us they are a Delaware based company, the currency reflected in the auction’s page is the € Euro and the Up is currently only available in markets outside of the United States. The Up is valued at approximately $9,800 USD.
Bidsson turns to network marketing to expand their penny auction business.
When looking further at Bidify.com it appears that this company is using a model of marketing similar to a multilevel/affiliate system.
According to the Biddson/Bidify marketing presentation found on the Bidify.com site,
“Bidify is managed by Larus Palmi Magnusson of Iceland. Bidsson is a penny auction available to the global market.
And, “Bidify and Bidsson are privately held corporations, owned by several entrepreneurs from different parts of the world.”
“In Bidify every-day people can qualify for leadership bonuses based on their performance. The leadership bonus can be up to 50% of the daily net-profits from bidding and purchases made by retail customers through the Bidsson auctions. Bidify affiliates have access to their leadership bonus report from their Bidify affiliate online source. When your sample bids are used by a retail customer, you earn bonus points. The bonus points are added to your bonus point balance.”
A 20 Euro monthly administrative cost is required to keep one’s affiliate account in “good standing” and a monthly personal volume of 50 Euros is the minimum required amount, this means an affiliate/marketer must spend €50 each month to even promote in hopes of generating commission from this company.
“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”-http://www.businessforhome.org/2012/04/bidify-review-2012/.
Bidify, the MLM marketing site for Bidsson has over 22k likes on their Facebook page, over 11k likes on their Facebook status update about a previous cruise ship auction. Bidsson’s Facebook has over 11k likes and highlights the world’s most expensive car at $2.4 million, the Bugatti Veyron Super Sports in their cover image:
Bidsson currently has no Twitter followers.
Is Bidify/Bidsson legit? What’s your opinion of this site and its business model?
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