7th November 2011 at zeek-groupmoney.blogspot.com
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Zeek Rewards looks very promising, and I am sure that you will not regret joining it:
All the company's promise is real if you test it for yourself joining it. I give below an honest review of the company without all the hype.
Basically, Zeek rewards is a Penny auction site, that shares the company's revenue.
This is how you can win a product with a huge discount, even 90% or less than retail price. For example, a laptop computer that has a price tag of around $300 can be sold for $34. This is a huge discount to the winner, but this is huge revenue to the company as well:
Penny auction sites are not a new concept, and it has been around since 2005. In this penny auction, you pay a fixed amount of money every time you bid on an item, and it increases its price by a small amount. Each new bid, the clock start ticking down and if it elapses to zero, a winner in announced.
For the above laptop example, in Zeek Rewards case, each item starts at a price of $0, and its price increases by $0.01 for every bid, which costs the bidder $1. This means that the company earns 10 dollars if 10 people bid on it. The price actually would have increased to $.10, so if 100 people bid on it the price will increase to one dollar and the company will earn 100 dollars. Just stop here reading further and calculate and you will know how it is working. So if the laptop is sold of $10 the company would have earned $1000 because it took 1000 bids to get the price of the item from $0 to $10.
Even after you deduct the price of the item itself to the company, it is a huge profit margin.
Click here to see the closing prices of some of the recent products
Click here too see what items are for auction right now (The auctions are only active on the week days for now).
Zeek Rewards has a unique compensation plan. You can earn money even without recruiting just by doing a simple 2 minutes task everyday, promoting Zeek Rewards in classified ads sites over the internet. By doing so, you participate in the company profit pool and you receive up to 2% compounding interest.
By doing a simple 2 minutes cut-n-paste task everyday you can earn about 300 to 400 dollar a months one year from now! (click here to read more about the Zeek Rewards Compensation Plan compounding interest bonus )
With no recruiting!
But if you decide to take this business seriously, you can earn even more money if you refer people to the site and they decide to buy bids. Your commission is between 5% to 10% of the people you personally sponsored (your first tier), and 2.5% to 5% on your 2nd tier. The amount of commission you get is related to your membership level.
In addition, even when you sign as a free member, you are placed in a 2×5 forced matrix. You can earn up to $3.50/month on every paid subscriber in your personal matrix, and you qualify to earn matching bonuses to unlimited depth.
Is it legal – Well, it isn’t against any current law. Penny auctions sites exist for at least couple of years now, and there is no reason why that should stop.
Is it a pyramid – Definitely not. Zeek Rewards is a penny auction website, that pays its users affiliate commissions to help promote it, based on a multi-level marketing business model. You can make money with this site even if you don’t recruit any people because of the unique compounding revenue sharing concept of the compensation plan.
Is it a scam –When it comes to auction sites, the two main issues are whether the company using bots and computer scripts to insert fake bids, and whether they are delivering the products after you win.
I checked it on the BBB website. So far I haven’t seen any official complaints. This doesn’t mean that we should stop worry about it, but so far the leadership seems to know what they are doing.
My Zeek Rewards review showed me that the owner of the company is Paul Burks. He is a veteran businessman who for the last 14 years owned a company called Free Store Club. This means that he has the knowledge, the skills and the leadership required to make Zeek Rewards work.
I actually have seen people that have no experience in network marketing make money with this program. I think that Zeek Rewards can be a great platform to teach and educate people about the mlm business model and how to promote their home business opportunities.
And you can always just try to win a huge discount on one products (and I know people who succeeded with that).
I joined because it is possible to join for free, and I believe that the best way to check this opportunity is if you are inside. So far I have only good things to say about this program,
Nevertheless, to make money in any multi level network marketing opportunity requires skills and knowledge. You need to plug yourself into a system that will show you exactly what to do.
If you join Zeek Rewards, you better join a team that will guide you, and teach you how to promote this business opportunity online. Our team can give you exactly that: the tools, the knowledge, and the trainings to make money with Zeek Rewards.