Zeek Rewards- Anyone tried it.

Symbio said:

Thanks for the welcome and the hints . I'm on facebook but not Twitter . Do you recommend me advertise it to all my friends on facebook , all 1100 of them ? I guess thats worth a try . I guess i would need to sign up for the "You get paid to advertise" sales letter , so it might explain it for me ? Have you got good experience with it ?

Also got very interrested in the program Banners Broker you talked about earlier in this thread . I went to it , but it says it opens in about 9 days . Would love to have your reflink , so i could join under you in it . If you may , could you please briefly explain it here or PM . I have under 15 post , so i will not be able to pm you back . Please add your email for correspondance

Thanks in advance for your time and efforts , appreciate it ALOT .

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What I do is created a Zeekler oriented Facebook Fan Page and occasionally share a link (maybe once a week) to my FB friends from my Fan Page. I don't post my daily ad to my personal FB page, just to my fan page, which has 300+ fans so the daily Fan Page ads are getting some exposure I guess. I also drive some of my Twitter traffic to the Fan Page...Seems to be working for me.

Re: Banners Broker...yes, they are in the process of moving to a different site and converting everything to a new system called BBv2. I went ahead and signed up for the BBv2 site so I have to wait till they come back up. I've got a couple of others interested in this too, but I'd suggest you wait to see how things go for me before you actually put any money into it. You are welcome to sign under me as a free member if you want, but it really doesn't benefit you much till they come back up at the first of the year. What I like about it is that it seems to be a dove-tail with ZR in that we get to post our own ads PLUS draw a commission from them at the same time. I'll post more about it in the future when I get more experience with it.

I'll pm you my email.

This may have been answered, long thread, and believe this will be my 15 post so can't pm it (good for anyone else to see though).

Basically, sign up as free member...

To get points as a free member, you need to sign up retail, affiliate, or purchases them. Or can the sponsor give some to start with?

If there is a starting pool, could just post an ad per day, to grow the pool, it would be small and after 90 days, the pool would grow slower (since you're losing points, but since it compounds it would still be growing, just very slowly?).

But signing up retail is also ads to your pool, and every "penny" spent on the site they give you, you get 0.65 of? Or just the first purchase someone gives you?

Because, I've actually been interested in trying to sign up members to a penny auction site with a twist on a thread I saw here (sure some of you know which one). I was going to do this on an affiliate network, but doing with ZR or Zeekler (lol sorry), my commission could just go in the pool and grow daily?

Last question, the pool, cashing out comes from the pool? So if you don't cash out in 90 days, you lose some money or does it automatically cash out for you then? Basically, if you do a full cash out, the $600 a day I see someone mention, goes to $0?

Thanks.

http://zeekler.com/auctioninfo.asp?auction=11166&UserName=

Auction for $75 that ended in $101.35. The winner lost money. Why would an auction end above the cash amount???

Stupid Smurf said:

This may have been answered, long thread, and believe this will be my 15 post so can't pm it (good for anyone else to see though).

Basically, sign up as free member...

To get points as a free member, you need to sign up retail, affiliate, or purchases them. Or can the sponsor give some to start with?

If there is a starting pool, could just post an ad per day, to grow the pool, it would be small and after 90 days, the pool would grow slower (since you're losing points, but since it compounds it would still be growing, just very slowly?).

But signing up retail is also ads to your pool, and every "penny" spent on the site they give you, you get 0.65 of? Or just the first purchase someone gives you?

Because, I've actually been interested in trying to sign up members to a penny auction site with a twist on a thread I saw here (sure some of you know which one). I was going to do this on an affiliate network, but doing with ZR or Zeekler (lol sorry), my commission could just go in the pool and grow daily?

Last question, the pool, cashing out comes from the pool? So if you don't cash out in 90 days, you lose some money or does it automatically cash out for you then? Basically, if you do a full cash out, the $600 a day I see someone mention, goes to $0?

Thanks.

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Lots of stuff to answer...I'll hit some basic concepts that you need to understand, then you need to watch some videos for the rest. It is VERY difficult to make ZR work as a free member. You need to be AT LEAST a Silver and also buy some VIP bids.

The bids that your sponsor gives you CAN ONLY be used in the auction. They can't be used as VIP Bids. You have to purchase your own VIP Bids.

To cash out you have to change settings in your back office to let your VIP points go to cash instead of repurchasing bids...it's very easy, but hard to envision without actually seeing it done.

shelterman said:

Lots of stuff to answer...I'll hit some basic concepts that you need to understand, then you need to watch some videos for the rest. It is VERY difficult to make ZR work as a free member. You need to be AT LEAST a Silver and also buy some VIP bids.

The bids that your sponsor gives you CAN ONLY be used in the auction. They can't be used as VIP Bids. You have to purchase your own VIP Bids.

To cash out you have to change settings in your back office to let your VIP points go to cash instead of repurchasing bids...it's very easy, but hard to envision without actually seeing it done.

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Yeah, sorry. If some videos can answer that, I'd love to be pointed to them. I hate watch video and prefer reading, because most "info" videos take much longer than a webpage does.

But my main question was on the affiliate program was the auction sites, that's the main thing I want to get in to and if doing it with Zeekler would be better than a network (since more options later on?), I'd sign up.

I do see how having free bids to give could help though.

Stupid Smurf said:

But my main question was on the affiliate program was the auction sites, that's the main thing I want to get in to and if doing it with Zeekler would be better than a network (since more options later on?), I'd sign up.

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Not sure what you mean here...if you are asking would it be better to just be an affiliate with Zeekler vs. an affiliate with Zeek Rewards, then my answer is that there is only one way to be an affiliate...which is to be an affiliate with Zeek Rewards. Some of the others may have other imput on this, but I'd say if your preference is to earn straight commission as an affiliate from a Penny Auction site and NOT be a part of a network marketing opportunity, ZR probably isin't for you. For one thing, it's gonna be very difficult to get retail customers with Zeekler as a free member where you can't give any free bids to those prospects. Think about it, if someone trys to get you to place bids at a penny auction site that you've never heard of, what is the first thing you'd probably do?...you'd probably do a Google search for Zeekler Penny Auction or something similar. And what are you going to see? Probably no less than 2-3 affiliates offering 250-500 free bids (soon to be a max of 1000 for us Diamonds). There's no way you can compete with that.

Now, there is NOTHING wrong with being a free member, in fact, if you are unsure if ZR is for you and want to take a closer look at it before putting money into it, it may be a wise choice. However, I wouldn't recommend being a free affiliate and remaining active over 60 days without upgrading to a Prefered Member.

I've been reading up on zeekrewards for the past day now and have been very interested in their scheme. It looks very profitable but before joining I have some doubts.

1) If I register for a Silver which is $10/month. Can I cancel my subscription with the company?

2) I know that I need to join a "sponsor" before joining but what are the advantages of joining a higher ranked Zeek-er compared to a lower ranked one with less people below him/her.

3) Still confused about how the bids and cashing out $ works but if anyone is kind enough to teach me I will be most happy to learn but in the mean time, more research !

Cheers!

akazzz said:

I've been reading up on zeekrewards for the past day now and have been very interested in their scheme. It looks very profitable but before joining I have some doubts.

1) If I register for a Silver which is $10/month. Can I cancel my subscription with the company?

2) I know that I need to join a "sponsor" before joining but what are the advantages of joining a higher ranked Zeek-er compared to a lower ranked one with less people below him/her.

3) Still confused about how the bids and cashing out $ works but if anyone is kind enough to teach me I will be most happy to learn but in the mean time, more research !

Cheers!

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Just by using the term "scheme" .. I would personally rather see you not join.
Also , you are asking about how to quit before you even start ... Just not a good match for you.

akazzz said:

1) If I register for a Silver which is $10/month. Can I cancel my subscription with the company?

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Yes. You can cancel at any time.

An interesting thing about the frequency of cancellations that I've noticed in my almost 4 months with ZR...some may not believe this, but of all my signups so far with ZR, I have had ZERO cancellations of any Preferred Subscribers (signups that are Silver, Gold or Diamond). I have had a couple of Free Subscribers cancel, but none that have paid money into ZR. With that being said, I LOOK for a few to cancel as I have a few that are paying their subscription, that have only posted a few ads or even ZERO ads...can't quite figure that out...but NONE of the ones that are actively posting their ads have dropped. That should tell you something about ZR. The ACTIVE subscribers see a daily increase in their account and their trust in ZR grows daily.

akazzz said:

2) I know that I need to join a "sponsor" before joining but what are the advantages of joining a higher ranked Zeek-er compared to a lower ranked one with less people below him/her.

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In terms of "trickle down" placing people under you, joining directly under one of the "ZR Gurus" in my opinion means very little really. Example...I am directly sponsored by a "ZR Guru" with largest team in all of ZR and I haven't noticed ANYONE placed under me thru his recruting efforts. I'm not faulting him as he really has no control over placement, it's just that my place in his downline is so far down that I'll get very few placements under me thru his direct efforts.

In terms of support, well, I get numorous questions sent to me from my downline in a day and it takes a significant amount of time for me to answer them, can only imagine the number of questions MY sponsor gets in a day....would you expect personal service from a sponsor that receives a dozen emails or phone calls a day or one who receives 10-20X that?

akazzz said:

3) Still confused about how the bids and cashing out $ works but if anyone is kind enough to teach me I will be most happy to learn but in the mean time, more research !

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If you haven't already, check this video out: http://youtu.be/YJorZSX9Ru4
...I know, I know...he's one of the ZR Gurus. But, it is still good

I have read this entire thread and watched some of the videos that were posted, and it has definitely piqued my interest.

I am pretty sure that I have a firm grasp on how the affiliate side of this business works, but I do have one question. In your experience so far with this business, have you ever experienced a day where you didn't make anything from the daily profit share?

I ask this because I am really wondering why anyone would want to participate in a penny auction. I will use the following auction as an example:

I was going to post a link to the auction but it wouldn't let me.

The auction was for a Kindle Touch.

Retail Value: $99.00
End Price: $44.18
--------------------
Savings: $54.82

For any customer viewing this page, they would definitely want to jump in on this to save some money. But once you understand how this works you will most likely not want to consider doing so.

As you can see from this auction the winning bid was for $44.18, which means it took 4418 bids to win this auction. And from what I've read a bid cost $0.65 (correct me if I'm wrong).

4418 * 0.65 = $2871.70
$2871.70 - $99.00 = $2772.70

Just subtract the cost of the item and as you can see this is a really good profit for the company.

Now this is what makes me question this business model. If you see on the auction page the winner won with 411 bids. If you do the math, you will see that they spent way too much for that item.

411 * 0.65 = $267.15

Who in their right mind would spend that much to win an item valued at $99.00?

Now, I understand that some customers are given free bids when they join as an incentive (which are paid for by the affiliate so that they can get points to earn from the daily profit share). But once they realize how many bids it will take to win and do the math, I don't expect them to become return customers. Unless they are stupid and keep getting scammed and losing money.

From what I can tell by the auction above, the winning bidder either had: a lot of free bids; is stupid; or it is someone from the company bidding so they can win the bid and not have to buy or ship the item. I am not saying this is all true but it is the only options that make sense to me.

In my opinion, a business like this would need too have a lot of repeat customers to sustain itself. This is pretty much true for most businesses, and I don't really see why customers would continue to buy bids knowing they are actually losing money.

Now I am not here to be negative, and I look forward to being corrected as this does sound like an interesting business to join.

shelterman said:

Not sure what you mean here...if you are asking would it be better to just be an affiliate with Zeekler vs. an affiliate with Zeek Rewards, then my answer is that there is only one way to be an affiliate...which is to be an affiliate with Zeek Rewards. Some of the others may have other imput on this, but I'd say if your preference is to earn straight commission as an affiliate from a Penny Auction site and NOT be a part of a network marketing opportunity, ZR probably isin't for you. For one thing, it's gonna be very difficult to get retail customers with Zeekler as a free member where you can't give any free bids to those prospects. Think about it, if someone trys to get you to place bids at a penny auction site that you've never heard of, what is the first thing you'd probably do?...you'd probably do a Google search for Zeekler Penny Auction or something similar. And what are you going to see? Probably no less than 2-3 affiliates offering 250-500 free bids (soon to be a max of 1000 for us Diamonds). There's no way you can compete with that.

Now, there is NOTHING wrong with being a free member, in fact, if you are unsure if ZR is for you and want to take a closer look at it before putting money into it, it may be a wise choice. However, I wouldn't recommend being a free affiliate and remaining active over 60 days without upgrading to a Prefered Member.

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Gotcha. I was thinking of being purely an affiliate for a penny auction site. But, I am interested in ZR now. So I was thinking, going with being an affiliate for ZR to promote the penny auction for now (while posting an ad daily) and in the future get more in to the other side of the business.

The method I wanted to use, may prevent that type of loss, though could work better by having the free bids to give. Right now my time ans resources are mostly focused on some other projects, hence to start, I was going to do the affiliate side of it.

Within the last 19 days, my 150 bonus points have grown to 196 points. On workdays, daily growth is close to 2%, during the weekend it's 0.9%. I don't know if fewer people use the site on the weekend or if they have fewer auctions. In any way, I hope they fix that in the future.

The historical growth of the company is 1.74%. To give you all an idea of what that means, I attached a graph I calculated via a small program that I wrote in Wolfram Mathematica. These graphs represent VIP points that grow from the bonus points alone. Because of the weekends, your real earnings will be a bit lower than that.

Unfortunately, the uploaded version of this image is of rather bad quality, but that's the forum's fault

hawynstud said:

From what I can tell by the auction above, the winning bidder either had: a lot of free bids; is stupid; or it is someone from the company bidding so they can win the bid and not have to buy or ship the item. I am not saying this is all true but it is the only options that make sense to me.

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LOL..Dr Spock would certainly certainly agree with this statement! (sorry hawynstud, I'm a longtime Star Trek fan).

Since when did a business or any sort of pleasurable human activity for that matter have to appeal to our logic? Most of what you say is entirely correct, except for the scam statement...I don't think any of the auctions are hiding the way that they make their money (except for those that artificially run up the bids). And there is no doubt about it, these type of auctions make a LOT of profit, which as a "dyed in the wool" capitalist, I certainly have no problem with honest profit.

I'm not sure why you think that once everyone figures out what's going on the penny auction sites will all go belly up. I think most everyone that has participated in any penny auction will admit there is a bit of excitement and anticipation while bidding. Don't you think people will pay for that? I'm not saying that penny auctions are gambling, because they are NOT, but I WILL admit that they probably appeal to the same psychological aspect of human nature as gambling.

If it was pure logic that dictated people's purchases, I'm afraid Los Vegas would be a ghost town and Walmart Supercenters would be called Walmart Corner Shops.

Another misconception is that EVERYONE loses money. Believe me, just like normal auctions, there is a strategy to bidding at penny auctions. There are a few people who know what to bid on, when to bid on it, and HOW to bid on the items...they are driven by PURE LOGIC...LOL...Did I just contradict myself?

shelterman said:

Another misconception is that EVERYONE loses money. Believe me, just like normal auctions, there is a strategy to bidding at penny auctions. There are a few people who know what to bid on, when to bid on it, and HOW to bid on the items...they are driven by PURE LOGIC...LOL...Did I just contradict myself?

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Haha.. I kinda would like to get free bids now to try it out. Good sales pitch. When I have a chance, I might even research a bit to see what's the best way to try and win auctions.

And I agree completely with you. If you think logically about it, it doesn't make sense. But when it comes to human psychology, logic is the first thing to go. And that's exactly what we as marketers, want.

Shelterman,

You make some very good points. I did have one question that was not answered and was wondering if you could answer it. Have you experienced days where there was no profit from the daily profit share?

Just wanted to add that I did find a bunch of auctions where people got a good deal. I had only viewed the first one, so I should have checked out a few more before making my post.

shelterman pm me your link...if I join it will definitely be under you. Thanks for your input.

hawynstud said:

I did have one question that was not answered and was wondering if you could answer it. Have you experienced days where there was no profit from the daily profit share?

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Actually that isn't as easy a question to answer as you might think.

If you mean was there a day that the daily percentage dropped to zero? No. I haven't. However, and I hate to bring this up as it will be confusing to those unfamiliar with how ZR works, but to answer this question honestly I have to...if a member has no referrals at all and is receiving no other income into his/her account other than pure profit share, the daily percentage only has to drop to about .8% or so before there ceases to be a profit. The this is due to the 90 day retirement of VIP points. This will of course vary from account to account as everyone's account is different because everyone's downline is different.

I just bring this up to illustrate that that there isn't a cut and dry answer for that question.

Even with a bit more than .8%, it's not profitable. That's why the weekend really ruins a lot of it. If every day were 1.9% like the weekdays, zeek would be an absolute gold mine. If you put in 1000$ on the first day and let it grow, and after 120 days you start to take out 10% of our daily profit you make 4-8$ a day. By the end of the year, it's 10-20$ a day. I mean hey, that's not bad, and you will have your money back by then and are in profit - and after 4 years at the same percentage, you'll make 1000 a day. But man, you could have way over a 100 a day after the first year if they'd fix the weekend.

I'm not sure what you mean by "fix the weekend". While I'm certainly not privy to the ZR Retail Profit Pool algorithm, they tell us that it is based on a percentage of daily profit that the company earns on any given day. Assuming this is true, I'm sure their profit is influenced by the number of auctions scheduled for the day and the bidding activity on the items (remember, the more bidders bidding on an item the more money Zeekler makes).

I guess what I'm saying is that there may not be anything to really "fix" about the weekend. It always has been and ALWAYS WILL be less profitable than the weekdays merely due to societal aspects...people's habits and schedules are different on weekends, hence less time to sit at their computer bidding at the Zeekler auction

Something else that you may be overlooking, just due to your relative newness to ZR, is that the daily percentages AS A WHOLE have increased pretty significantly over the last year...even the last few months. An increase in the the daily average would have the same effect to our individual profit as just increasing the weekend percentage wouldn't it?

These are just things maybe we should consider.

Hi again .

Does anyone have access to a spreadsheet , would love to know how much $1k would be after 180 days at 100% repurchase ?

Thanks in advance , appreciate it alot .

Symbio said:

Hi again .

Does anyone have access to a spreadsheet , would love to know how much $1k would be after 180 days at 100% repurchase ?

Thanks in advance , appreciate it alot .

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Silver Subscription: $5814

Gold Subscription: $6352

Diamond Subscription: $6411

I would've posted screenshots, but ZR is looking down on that...too bad, it really helps one in the understanding of some of the more difficult to understand aspects of the RPP. At least it does for me.