shelterman
Junior Member
- Sep 30, 2008
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Zeek Rewards- Anyone tried it.
- Thread starter lucynora
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smallgiant
Regular Member
- Aug 8, 2009
- 300
- 124
If anyone is confused about how this company makes a profit, believe me I was super skeptical when I joined. I put research and time into everything I do. I looked at this company from the top down.
By far, they are actively trying to make unique auctions and retain their customers.
The $5000 cash auction is still going, and the actual end time was almost 2 days ago.
It is currently at $989. Just think about that for a second. That is almost $100,000 in profit for the company. THAT is how they make money.
Anyone else who thinks this is a ponzi scheme or some other scam should read this press release. http://zeekrewardsnews.com/2012/01/compliance-compliance-and-more-compliance/
This company is more legitimate than your grandmother filing her taxes. They are actively trying to do everything possible to be a great profitable company while maintaining strict legal compliance. They have incredible support staff, and live conference calls. I honestly don't know what else you can ask for from a company.
If anyone thinking about joining really needs help understanding, feel free to skype me at omegadollar or pm me.
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Also, some people have not been paid yet. They are running server maintenance, and you will get it later tonight.
http://zeekrewardsnews.com/2012/01/unscheduled-server-maintentence-on-zr-back-in-30/
By far, they are actively trying to make unique auctions and retain their customers.
The $5000 cash auction is still going, and the actual end time was almost 2 days ago.
It is currently at $989. Just think about that for a second. That is almost $100,000 in profit for the company. THAT is how they make money.
Anyone else who thinks this is a ponzi scheme or some other scam should read this press release. http://zeekrewardsnews.com/2012/01/compliance-compliance-and-more-compliance/
This company is more legitimate than your grandmother filing her taxes. They are actively trying to do everything possible to be a great profitable company while maintaining strict legal compliance. They have incredible support staff, and live conference calls. I honestly don't know what else you can ask for from a company.
If anyone thinking about joining really needs help understanding, feel free to skype me at omegadollar or pm me.
--
Also, some people have not been paid yet. They are running server maintenance, and you will get it later tonight.
http://zeekrewardsnews.com/2012/01/unscheduled-server-maintentence-on-zr-back-in-30/
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smallgiant
Regular Member
- Aug 8, 2009
- 300
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Did you actually register or did you do the learn more thing?
shelterman
Junior Member
- Sep 30, 2008
- 189
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Jlwhite405
Newbie
- Jan 12, 2012
- 6
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Got it! Thank you very much for the help.
smallgiant
Regular Member
- Aug 8, 2009
- 300
- 124
Really Smallgiant, there is no need for exaggeration
Sorry, sorry... Just find it funny how some people just completely blow this off because they don't wanna actually put any thought into it. I mean after I joined and did my homework I was more than delighted with what this company does to prove itself.
Truly is an amazing opportunity. The fact that some people can't realize it, just boggles my mind.
Oh well, time to make snow "insert something inappropriate here"!
:smow:
Have you ever thought about "dummy" accounts and bots making the bids?
smallgiant
Regular Member
- Aug 8, 2009
- 300
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Yes, I have. Trust me, I know all about hacks, bots, scams, cons, and tons of hustles. I'm not your average fool. They are not using bots, there is no reason to. Look up dollar auction theory on Wikipedia, and you'll understand how this company can succeed. Also, considering the number of signups I have gotten, along with any other affiliate here, and you'll know that the customers are real.
They are doing everything 100% legal and legitimate. Heck people have even gone on tours of their company headquarters.
I'm not saying you're a fool or anythinglike that. I know alot of penny auctions that runs on bots, I have bought a system like that my self that's why i'm saying. And their website doesn't look anything primissing as far as webdevelopment goes, that's why i'm conserned.
smallgiant
Regular Member
- Aug 8, 2009
- 300
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I completely understand. Actually I know exactly what you are talking about. A few years ago when people were just getting into penny auctions that was a popular method. People used to just buy a script make a fake site and have bots.
However my understanding is that zeekler is using a secure functional site vs a fake and flashy one. Also you can go one penny auction forums and see that zeekler is highly rated because people have been winning. All your concerns are justified, but I assure they are legit.
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shelterman
Junior Member
- Sep 30, 2008
- 189
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I was reading you and Kamoro's conversation and was just getting ready to mention this. I believe some of these penny auction watchdog sites such as PennyBurners.com have software at there disposal that can detect these bots. I'm not sure whether this software detects the actual script or just bidding patterns, but I know that this activity can be detected.
shelterman
Junior Member
- Sep 30, 2008
- 189
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Yeah Meeses, you obviously didn't actually register or you would have gotten almost immediate confirmation from ZR. If you know your sponsor you might ask him/her if you are showing up in their sponsorship report, otherwise I'd just try to sign up again.
I have purchased 100 bids, plus the 10 original for my silver membership, and have been watching the amount grow by about 1.5% each day. So far so good. The proof will be in the pudding (I have no idea what that saying means) when I try to withdraw some money. But I am going to relax and just see what happens. At most, I am out $110 plus a few more $10/month silver membership charges.
soooted
Junior Member
- Jun 21, 2009
- 106
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The problem is eventually the profit share rate will drop and you can't make money any more. This isn't HYIP but it behaves very similarly. They tie profits to the auction business but don't tell you how they calculate it. When people start pulling money out the profit share will drop. With the new compliance rules you can't promote this the same way anymore. Similar to any HYIP, if you get in early before it starts to fall apart you'll do well. I wish I was in this from the beginning and could amass a huge 100k balance so I can withdraw it. The day they decide to drop the rate we all take a huge haircut on the balance and won't be able to convince new affiliates to join.
soooted
Junior Member
- Jun 21, 2009
- 106
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Compare Zeekler to any other penny auction bid, it really sucks based on functionality. The value of a bid is almost meaningless at Zeekler because they give away so much for free. Go to another penny auction site where everyone pays the same for bids without inflated free ones and the auctions end much quicker because people are betting real money. You can also buy your products at most other penny auctions which enforces a real cap on the bidding.
soooted
Junior Member
- Jun 21, 2009
- 106
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So I've put a lot of thought into it, and the question is, where does all the money come from? It's not a ponzi scheme in the classical sense, but what happens when retail bidders stop buying retail bids because the auction itself sucks and it's too hard to win any thing? You have tens of thousands of accounts and free bids floating around, and how many auctions running at a time?
Until the profit share % drops and you can't make any more money compounding interest (yes you can't use those words anymore but I did because I'm not an affiliate).
soooted
Junior Member
- Jun 21, 2009
- 106
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That's not 100% true. Up until now, you can profit by not recruiting anyone and just compounding the daily profit share.
But your points expire after 90-days and when the daily profit share drops, the jig is up. So if someone joins now and the daily profit share rate drops below 90 day rate recovery they will lose money.
shelterman
Junior Member
- Sep 30, 2008
- 189
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Yes it IS 100% true. I admit that if the daily percentage drops down to .9% or less, growth will stop and even shrink, I've mentioned that on this thread. And, if that happens, sure recruting will be necessary I won't deny that. However, you are basing all your statements on the assumption that the daily percentage will go down. You state "Up until now..." and "when the daily profit share drops, the jig is up." What has changed? The new compliance rules? If that is it, I'd say you are being WAY overly pessimistic. They're JUST NOW being inforced and I personally look at it as a positive move.
Nothing in business is a for sure thing, if one believes differently they are living in a dream world. This is exactly why I recommend to my recuits to always cash out their seed money (unless you don't mind the possibility of loosing it).
You are posting here like you are saving us or "enlightening us". You're not telling us anything that we don't already know.
shelterman
Junior Member
- Sep 30, 2008
- 189
- 24
LOL...You've possibly put a lot of thought into it but obviously very little reading or research into ZR to come up with that question...unless you just don't believe what they are telling us. They don't have to tell us the exact formula they use to determine the profit share. They really don't HAVE TO tell us ANYTHING, they're not a publicly traded company.
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