20 AUG 2012
The past few
days have been very busy for the entire MLM industry. As many of you
know, our specific niche was rocked last Friday when it became known
that Zeek Rewards, our main competitor, was shut down as an illegal
ponzi scheme. After reading a few reports, it appears that Paul Burks,
Zeek’s founder, is not contesting any of the allegations in the SEC’s
complaint. Assuming those allegations
to be true, this is a tragic event for everyone involved with Zeek.
Unfortunately, since we’re also operating a network marketing company
in the penny auction arena, our name has been drawn into the mud with
Zeek. We understand that many of you have questions and concerns about
our business model. We understand that many of you want to know
specifically what factors distinguishes us from Zeek.
Well, for
starters, we’re not lying to you about the numbers. We publish our
earnings daily. Those earnings drive the daily profit rewards. Second,
our bids are actually being used. With Zeek, it has been alleged that
only 0.25% of the bids purchased were every used. It clearly shows that
the bid purchases were merely token purchases designed to conceal a
money transfer from late investors to early investors. On Bidsson, the
bids are actually being used. We have built an amazing technology
platform and when we release our mobile applications, it’s only going to
get stronger.
But we understand that these differences alone
are not enough. We understand that no matter how hard we try to force
affiliates to move sample bids to customers, it’s going to be nearly
impossible to prevent people from promoting the program as an
investment. In reality, Bidify is NOT an investment. However, since
there’s so much profit generated on the penny auction side of the
business, and when people rack up a portion of those profits by
providing sample bids for customers, it’ll always be viewed as a passive
investment.
We realize that now, and we’re committed to
putting an end to it. After having countless meetings between
management and our legal counsel, we have developed a revised business
plan to protect the longevity of the company while keeping it a very
competitive and lucrative opportunity for the masses.
After
serious discussions, we have decided to eliminate the leadership bonuses
from Bidsson. We are eliminating the ability for people to purchase and
give away sample bids. While it served a valid purpose in generating
activity on the Bidsson platform, it creates the most exposure. And
quite frankly, given the excellent condition of our technology and our
recent success with Bidsson, there’s really no need to be giving away so
many free bids to customers. We offer an excellent deal for customers,
one that they’re willing to pay for.
We’re eliminating the
daily leadership bonuses and turning off the re-purchase. We feel this
was the cancer. This has led affiliates, both in Zeek and Bidify, to
refer to their commissions as “compounding” when in fact it was a
function of a simple commission based on customer activity. In order to
cure the cancer and eliminate all confusion, it must be removed.
In order to make it more lucrative to buy and sell bids for everyone,
we are putting together a new bonus plan based more on a traditional
MLM, one that will not lead to improper positioning in the field.
With all existing affiliates with bonus points in their back office, we
are creating a new pool where we will continue to share profits from
Bidsson. These bonus points will trigger a piece of the profits from
Bidsson indefinitely. The size of your profit sharing stake will not
grow. It’s our way of honoring our commitments to you. We want to make
sure that your experience is consistent with your expectations when you
joined.
We will continue to build Bidsson to become the
biggest penny auction platform in the world, and we will continue to
reward affiliates for helping us promote it.
We will take down
the website to implement these improvements. Stay tuned. We do these
changes to make Bidify a long lasting opportunity for everyone.
We are committed to offering the safest model possible and cannot offer anything less.
We will be holding a conference call with Kevin Thompson, our legal
counsel, where we’ll discuss these changes. He’s been given free rein
to be candid during the call and shoot straight with everyone. It
should be a good one!
Kind Regards
Bidify Management
Credit - https://www.bidify.com/JHJ1986
