Zeek Rewards- Anyone tried it.
- Thread starter lucynora
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PM Sent!
Don't be afraid to ask questions if you don't understand something. We are all more than willing to help!
How is zeekrewards not a ponzi scheme? My friend joined and he posts ads on classified sites but the ads do not have live links so I don't think they are driving many customers to zeek. How is the company making money? If it is not through customers (seeing people bid on auctions means little), then it is primarily through affiliates paying for monthly subscriptions and bids. The affiliates then earn rewards on those bids they have purchased. That is the definition of a ponzi scheme: paying investors (affiliates) from their own money or the money of subsequent investors.
Jlwhite405
Newbie
- Jan 12, 2012
- 6
- 0
Thanks Shelterman! I have one more question. Am I alowed to have my wife as an affiliate in my down line?
The main company has been going for 14 years. The MLM market is heavily regulated, and rightly so. A company that has caused such a stir on the internet as this must of alerted the governing bodies.
They will be regulated and finance checked etc
Its not to say there is no risk to your money. If the company went bust then your money placed would be gone also. I have only started with $100. Thats as much as Im prepared to lose.
Now should I double that amount with the reward scheme Im happy their happy.
If it goes down the drain then so be it. I have lost $100 Nothing more. Its a calculated risk. But thats the same with any thing in life. If you go in with your eyes open, you hopefully wont get burnt.
shelterman
Junior Member
- Sep 30, 2008
- 189
- 24
No. That is something that is strictly enforced. It is called "stacking". She must enroll under your original sponsor. Anyone living in your household, related or unrelated has to enroll under the original sponsor. I would think that even if, for some reason, your wife had a different address that you would come under very close scrutiny.
I'm going to enroll my wife and children in ZR soon. They will all be enrolled under my sponsor except for possibly my oldest daughter who is in college and has a different address. She is a semi-dependent (I'm not sure THAT ever changes
) so I may get further clarification from ZR on her.bannersbroker
Newbie
- Dec 1, 2011
- 36
- 7
after buying $750 worth of VIP bids yesterday i didnt recieve my bonus points even though i posted my ads yesterday...Anyone know why I seemed to have missed out? Hope everything is set up correctly!
Question about VIP Bid purchases. Say you join and purchase 1,000 VIP bids as an example. When the 90 day expiration period passes for those points to expire, are you able to cash out the $1,000 you put into the VIP bids or do you only get to keep the profit generated form the 1,000 VIP bids?
First -to say the ads don't have "live links" is simply not true. All of my ads have live links--in fact, before they lowered the hammer on posting on Craig's List, I had a ton of customers from Craig's list. There are so many methods of advertising--Facebook, Twitter, Classified ads etc that getting customers to the site is a no brainer.
Secondly, if you are asking "How is the company making money" then you have not read this thread and/or understand how penny auctions and the affiliate services work. To say "seeing people bid on auctions means little" is a bit of ignorant statement. I would encourage you to do some research on how penny auctions work.
Lastly, this is not a ponzi scheme. This is not an "investment" where you invest money and do nothing, nor are extraordinary returns promised. Knowledge is power and I think if you do a little more research you will find that Zeekler is legitimate, highly regulated and profitable.
shelterman
Junior Member
- Sep 30, 2008
- 189
- 24
This has been answered ad nauseum in this thread and just about any video that explains ZR. The short answer to your question is that it isn't a ponzi scheme because we are not paid from from their own money or the money of subsequent affiliates, we are paid on a PERCENTAGE OF THE COMPANIES PROFIT for any one day.
ZR is very, Very, VERY attentive on compliance and staying on the good side of the 3 letter agencies. ZR is gaining LOTS of attention lately. They have Gerald Nehru (one of, if not THE most respected MLM att'ys in the world) on retainer. Having HIS name associated with ZR should, all by itself, cause the regulators to be hesitant to move on ZR. This is why we are going through the somewhat annoying compliance issues that we are experiencing as affiliates right now.
shelterman
Junior Member
- Sep 30, 2008
- 189
- 24
Yeah, I haven't received mine either. However, I just now got this info from another affiliate....
"I Just contacted Zeek Support and here was the reply regarding the daily profit share
[9 : 10:28 AM] ZeekSupport Aaron: No glitch, just running late, it is still running actually, if any of your team members are missing yesterdays awards, inform them to be a little more patient and it will be showing up soon "
bannersbroker
Newbie
- Dec 1, 2011
- 36
- 7
shelterman
Junior Member
- Sep 30, 2008
- 189
- 24
Remember, the VIP Bids we purchase from ZR is our PRODUCT or our INVENTORY. It is not an investment so we can't "cash out". ZR can't refund VIP points that we've given away because they're gone, probably already used to purchase items on the auction.
If this one concept could be understood, it would eliminate LOTS of misunderstandings.
Jlwhite405
Newbie
- Jan 12, 2012
- 6
- 0
No. That is something that is strictly enforced. It is called "stacking". She must enroll under your original sponsor. Anyone living in your household, related or unrelated has to enroll under the original sponsor. I would think that even if, for some reason, your wife had a different address that you would come under very close scrutiny.
I'm going to enroll my wife and children in ZR soon. They will all be enrolled under my sponsor except for possibly my oldest daughter who is in college and has a different address. She is a semi-dependent (I'm not sure THAT ever changes
Ok. So, you can enroll relatives just not ones who live with you? I appreciate you answering my questions. I think that's all I need to know for now.
I was told otherwise about a week ago but I didn't think he was right. I wanted to verify it with someone who studied up.
bannersbroker
Newbie
- Dec 1, 2011
- 36
- 7
Anyone recieved there rewards from yesterday?
Nope not yet . I had a problem getting into the site earlier today when comeing home from work . I always put in the ad then , but was denied for over an hour .
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