I have discovered the power of the penny auction !
For years now, I have seen this website and the others and their pay-plans grow and evolve and mostly I’ve dismissed it as a “Money Game” … akin to the thousand and one “Cash Gifting” sites out there.
Oh … it’s a pyramid alright and many of this penny auction companies have come and gone, but this one … Zeekler.com … has remained and become stronger and refined their rules and well, I thought it was time for a closer look.
First, you have to ask … What is a Penny Auction ? Well, it’s an auction let’s say for $100 in CASH … and the price STARTS at $0.00 … Now as people place bids the price GOES UP BY A PENNY PER BID … So, if 10 people place bids the price is now … $0.10 … Simple. And this goes on and on until someone finally is the last bidder when the clock goes to zero and no one else bids. One of the twists is that every time someone bids TIME IS ADDED to the clock of the auction. This encourages people to compete and if you bid, it gives your COMPETITION time to respond.
Ok. So far so good. It’s entertaining and it’s competitive. But, there are two questions. How good are the prices usually at the end of these auctions and how does the company make money ?
We’ll, in a recent auction … for $100 cash … the price at the end of the auction … was … $11 … THAT’s IT !! … $11 .. buys you … $100 … Not Bad!
The winner would have to pay $11 and shipping and they would receive $100 cash. Great for the winner! But what about the company ? How are they making money !!!
Well, remember how everyone bids and the price goes up by a penny after starting at zero ? Well, what I haven’t told you yet is that the “BIDS” cost $1.00 each … One Dollar Each.
Got that ? So, each penny in auction prices represents a dollar in bids purchases or given to the customer (more on that later … part of the pay plan is that WE give new customers BIDS … to get them IN THE GAME !!)
So, How many bids did it take to get the price up to $11 … for the $100 in CASH auction ?? … One Thousand One Hundred ! Yes, Yes … It took 1,100 BIDS for someone to win $100 in CASH … the company made $1000 minus bids provided for free from participants like you and me … and paid out $100 … NICE PROFIT !!!
And that’s the name of the game … Penny Auctions are HUGELY profitable … the winners love them and the players in general love it because it’s fun !
But, how do you and I make Money? If we want to join the team and promote penny auctions, but we don’t want to participate in the auctions directly ?
Well, here’s comes a gentleman by the name of Peter Tran that I have known for some time on Facebook. We were speaking on the phone and while I was telling him about my Karatbars International Gold business, he told me about his experience with Zeekler.com and how he had turned a $1,000 initial purchase of bids into over 6,000 VIP POINTS in about 90 days. All of this with minimal recrutiing of people, you don’t really have to recruit anyone, and working just THREE MINUTES A DAY is all it takes to fulfill your commitments to the company.
Ok. I didn’t believe it … BUT he said I could start with just $110 and give it a try ?
If it didn’t work … I’m only out $110, but IF IT DID … I would have a system by which I could help anyone grow their earnings … by 1% or 1.5% … PER DAY … and you can put in anywhere up to $10,000.
Now, there are lots of rules and what you can and can’t say … it’s not an “INVESTMENT”… It’s a business whereby you are purchasing “BIDS”. When you purchase bids you are awarded “VIP POINTS”. Your “JOB” is to Provide those bids to NEW customers and also advertise the company’s penny auctions. For that effort, the company shares profits with you and your “VIP POINTS” grow over time. As the “VIP POINTS” grow, you are allowed to convert a PORTION of them into CASH … yes … real CASH … and then have disbursements of that CASH on a regular basis.
It’s these disbursement of CASH that you are after … and it’s very, very easy to do the “JOB” of advertising the company’s auction sites and handing out FREE BIDS to encourage people to try a Penny Auction.
That’s it in a nutshell. It’s simple, easy and you simply wait to get the CASH disbursements. There are safeguards against everyone requesting their entire cache of “VIP POINTS” all at the same time, so it will take some time to get all of your “VIP POINTS” convert to CASH, but along the way … you will be experiencing a very nice FLOW of CASH disbursements which will make the fact that it’s slow to convert “VIP POINTS” to CASH just .. Not a Problem.
And those “VIP POINTS” continue to grow. They can grow and grow and grow and your CASH disbursements can grow and grow and grow and you don’t have to do anything but the 3 minutes-a-day plan that is outlined by the company.
I love Gold. That’s my main business, Karatbars International.
Find out more here KaratbarsBusiness.com
But along the way, I thought, if there was a way that I could help people generate CASH that didn’t require them to create an entire other business but something that would take minimal time and DID NOT require them to recruit others … that’s was something I HAD TO TAKE A LOOK AT … I did and I like what I saw.
I think you will too!
