ZeekRewards.com is a new and different business opportunity that combines the popularity of penny auction websites with a profit sharing business opportunity.
Unlike traditional auctions, penny auctions charge their users a fee each time they bid on an auction, often between fifty cents and seventy-five cents per bid. Part of these fees pay for the site’s operational costs with the remaining fees being profit.
With hundreds and thousands of bidders each day, the earning potential of a popular penny auction site is impressive. ZeekRewards gives you the opportunity to share in the profits of their penny auction site, Zeekler.com.
How It Works
First, you may not simply choose to join Zeek Rewards. Instead, you must be invited by an existing affiliate to be a member. You may be a free member, and earn commission from selling Retail Bids to Zeekler customers, but then you are not eligible for profit sharing.
In order to be eligible for profit sharing, you must have a Premium Business Center subscription, of which there are three levels: Silver for $10/month, Gold for $50/month, or Diamond for $99/month.
After you have subscribed, you must either purchase VIP bids yourself to give away as samples to prospective Zeekler users, or you must sell Retail Bids to new Zeekler users.
In addition, you must place an ad for Zeekler.com once a day, using the ZeekRewards Back Office. Once you have fulfilled these criteria, you are eligible for profit sharing.
Once you are eligible, your share of the profits is determined by how many VIP ProfitPoints you have in your account, which you earn by selling or distributing VIP bids. 1000 VIP ProfitPoints means that you are qualified to earn 100% of that day’s individual share.
The Bottom Line
ZeekRewards is a new and different business opportunity. It is merging the ideas of affiliate marketing – by having its members place ads and recruit new users to their penny auction site – with a multi-level marketing compensation plan.
One potential problem with ZeekRewards is the complexity of their compensation plan. It may be hard to recruit new affiliates to your downline if you cannot easily explain to them how they will earn their money.
However, there really aren’t any other business opportunities out there similar to this one, so it is difficult to say whether or not it is worth the time, effort, and investment that would be required to make it successful.