User:MclinButterworth300
From Nema Wiki
How Do Zeekler and ZeekRewards Make Money
If you are a skeptic like me then you may be wondering how can Zeekler and ZeekRewards makes any money? In this article I'll explain to you the way the company makes money and why they're prepared to share their profits with you to make it a WIN-WIN situation for everybody.
Hint: Penny Auctions are great money spinners and Zeekler really wants to become the best and also the most popular Penny Auction Site on the web! To do this they need entrepreneurs as if you and me to promote their business design.
How does Zeekler and ZeekRewards earn 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 offer stuff (items!) and also the buyers pay for that. Please read below why penny auctions are profitable.
(2) Another obvious income source. Upgraded members pay a fee every month.
500 free zeekler penny auction bids
(3) That one might look obvious but there's a little more into it than just selling Bid Packs.
(4) FSCStores have been around for a long time with countless members around the world and therefore are on offer to ZeeklerRewards members to supplement benefit. Although I don't have access to the financial statements Penny Auctions are without a doubt the largest income source.
What is a Penny Auction? On traditional auction sites like eBay you can put bids free of charge. However penny auctions are not free to become invest in. For each bid you set, you need to pay some money. Also, you can't place any bid amount that you want. You can only place a bid that will increase the cost of the product by 1 cent typically (in some instances, it can be 2 cents as well). Penny auction websites make money is by selling the person bids. The cost of each penny bids varies depending on the penny auction. At zeekler.com the bids may cost from 65 cents to $1.0. In case your bid is not successful you lose the bid money. If however successful you can buy a product well below its market value at time more than 90% discount.
How can Penny Sites earn money? To discover how penny auctions can provide away such deals just like a camera for $10 or Macbook for $50, let's perform a small math problem: Suppose in an auction in which the Macbook was handed away for $50, which isn't typical only one of the lowest prices of the Macbook. You might think that is a great deal, but let's look at the auction in more detail. For that Macbook to market at $50, there'd happen to be 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 normal price of this product might be around $1000, so that continues to be an awesome $2000 profit for that penny auction site. Therefore the site still makes money even by providing away Macbooks for $50! Often a Macbook auction might go higher.
IMPORTANT: to keep your bids at Zeekler.com for $0.65 per bid but you do NOT want to achieve that! If you purchase the a little more expensive bids at ZeekRewards.com you receive an equal amount to your purchase deposited in the retail profit sharing pool in which you begin to make incredible amount on money each and every day since the clients are prepared to share 5% of their profit with you. And as you realize right now which will earn you back an income of 0.5% to two.0% every day on the amount os VIP bids you have purchased.
Why Zeekler and ZeekRewards pay their affiliates Zeekler really wants to get to be the most widely used and number 1 Penny Auction site on the web inside the shortest period of time. Basically this is a product driven company with revenue sharing. The philosophy is simple; rather than spending truck lots of cash on advertising / Google rankings and more, they reward their affiliates, that's us, to promote and getting the news out. Whatever you have to do to qualify for your share in the daily revenue is placing 1 ad a day. They even provide you with the ads and places to publish. That is less than A few minutes work each day. And wait until the thing is the rewards! Obviously they want to expand and reach as many online users as you possibly can. Therefore they want you to definitely share their great opportunity with other people. So in addition to the revenue sharing you get to promote they also reward you for sponsoring others. That is optional obviously but when you do it could boost your income enormously!
