Zeekler Penny Auction Site
If you are new to Online Penny Auctions, Affiliate Programs or both…and are wondering: "Is this a scam?" "How is it possible for this company to actually auction away these items at such ridiculous prices?" "Is this one of those Pyramid Schemes?" You've come to the right place.
First and foremost, the answer is No, Zeekler is NOT a scam - it is legit. Like other online penny auctions, their business model loses money on many of the products in their auctions. They make their money on "bidding activity" and also earn revenue on approximately 30% of specific auctions.
Here's how it works: Every person who bids on the penny auction site Zeekler, purchases what is called a "Bid Pack." These bids cost the bidder .65c each. When a bid is placed on a penny auction item (let's say for the sake of this example – it's an Apple iPad.) the company receives that .65c on every bid. So, on a $10.00 item – 1000 bids were placed – and the company received the equivalent of $650.
They pay commissions and overrides with about 1/4 of that money - then they purchase and ship the iPad to the winner which costs $499. The company just retained their profit, you just walked away with an iPad for $10 and the referring members responsible for your coming to bid (and win) on Zeekler earn "thank you" commissions on the bids you purchased.
That's what we like to call… "A Win – Win – Win Proposition!"
They are extremely dedicated to their Fair Bidding Policy and to maintaining a fun, safe and profitable environment for the bidders and representatives.
The parent company Rex Venture Group has been in business 14 years and has historically paid its representatives in the field every commission check earned since its' inception. "Is this a Pyramid Scheme?" Of course not!! "Pyramids" or "Money Games" are illegal and ask its' participants to wrap money in tin foil and FedEx it to "someone else" with no exchange for product or service!
The pyramidal structure is actually the "model" structure of every corporation and even the U.S. Social Security system. Why then are pyramids illegal? Because there is no "exchange" of product or service for the money spent and the only ones who "collect" money are the people at the top of the pyramid. When there are no longer enough people coming and sending money "up" to move people thru the pyramid – the pyramid collapses. An example of a legal – yet collapsing pyramidal structure/system is what is happening to social security. The baby boomers are all coming of age to collect (at the top of the pyramid)- with not enough people paying in from the bottom!! The structure will then collapse. Every CEO is at the top of his/her company's pyramidal structure. That's why he/she makes so much more than a mailroom worker.
At penny auction site Zeekler, with their affiliate program ZAP, every person has the same opportunity to achieve the same income or out-earn the person who referred them into the program.
For the time being, the company is allowing us affiliates to give away up to 1000 free Zeekler penny auction bids! So grab some bids, and see why people love this new type of online auction!
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