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If you are a skeptic like me then you may be wondering how do Zeekler and ZeekRewards makes any money? In this article I'll explain to you how the company makes money and why they are willing to share their profits with you to make it a WIN-WIN situation for everyone. Hint: Penny Auctions are great money spinners and Zeekler wants to become the best and the most popular Penny Auction Site on the internet! To do this they need entrepreneurs like you and me to promote their business model. How does Zeekler and ZeekRewards make money? The company has four streams of income:
Selling of items on the auction website including penny auctions. Affiliate membership fees. Selling/using of Bid Packs. FSC Stores.
(1) They sell stuff (items!) and the buyers pay for that. Please read below why penny auctions are profitable. (2) Another obvious source of income. Upgraded members pay a monthly fee. (3) This one might look obvious but there's a little more to it than just selling Bid Packs. (4) FSCStores have been around for years with millions of members around the world and are being offered to ZeeklerRewards members as additional benefit. Although I do not have access to the financial reports Penny Auctions are without a doubt the biggest source of income. What is a Penny Auction? On traditional auction sites like eBay you can place bids for free. On the other hand penny auctions are not free to be bid on. For every bid you place, you need to pay a certain amount of money. Also, you cannot place any bid amount that you want. You can only place a bid that would increase the price of the item by 1 cent typically (in some cases, it can be 2 cents as well). Penny auction websites make money is by selling the individual bids. The cost of each penny bids varies depending on the penny auction. At zeekler.com the bids can cost from 65 cents to $1.0. If your bid is unsuccessful you lose the bid money. However if successful you can buy an item well below its market value at time greater than 90% discount. How do Penny Auction sites make money? To find out how penny auctions can give away such deals like a camera for $10 or Macbook for $50, let's do a small math problem: Suppose at an
auction where the Macbook was given away for $50, which is not typical but one of the lowest prices of a Macbook. You might think that is a great deal, but let's look at the auction in more detail. For the Macbook to sell at $50, there would have been 5000 bids because each bid increases the price by 1 cent. When 5000 bids are placed, it cost a total of 5000X$0.60 = $3000. The typical cost of this product might be around $1000, so that is still a cool $2000 profit for the penny auction site. So the site still makes money even by giving away Macbooks for $50! Usually a Macbook auction might go higher. IMPORTANT: you can also buy bids at Zeekler.com for $0.65 per bid but you do NOT want to do that! If you buy the slightly more expensive bids at ZeekRewards.com you get an equal amount to your purchase deposited in the retail profit sharing pool where you start making incredible amount on money each and every day because the company is willing to share 5% of its profit with you. And as you know by now that will earn you back a profit of 0.5% to 2.0% each day on the amount os VIP bids that you have purchased. Why Zeekler and ZeekRewards pay their affiliates Zeekler wants to become the most popular and number one Penny Auction site on the internet within the shortest period of time. Basically this is a product driven company with revenue sharing. The philosophy is simple; instead of spending truck loads of money on advertising / Google rankings and what not, they reward their affiliates, that is us, for advertising and spreading the word. All you are required to do to qualify for your share in the daily revenue is placing 1 ad a day. They even give you the ads and places to post. That is less than 5 minutes work a day. And wait till you see the rewards! Obviously they want to expand and reach as many internet users as possible. Therefore they want you to share their great opportunity with others. So in addition to the revenue sharing you get for advertising they also reward you for sponsoring others. That is optional of course but if you do it could boost your income enormously!
Watch this short video http://bit.ly/pzTLBM to learn how you can start making money with this amazing program by placing one advertisement every day that takes less than 5 minutes of your time each day. For a comprehensive review of ZeekRewards program visit [http://blackknight2011.zeekrewards.com/]. We teach you strategies for maximizing your profits with ZeekRewards.
Article Source: http://blackknight2011.zeekrewards.com/ ==== ==== Do you want to be success of your life, hit this link http://blackknight2011.zeekrewards.com/ ==== ====
Published on Jun 5, 2012
Join the Penny Auction craze for half the cost with Zeekler - buy $20 worth of bids for only $10. Get BOGO bids on Zeekler to win laptops, e...