Check it out and post a review further down here if you think it is any good and legit, or if it is a scam or a fraud. Also, watch out for occasional discounts and free promos such, as downloadable pdf ebooks.
Product Teaser
penny auctions free bids
Penny Auctions FREE Bids
Penny auctions are springing up everywhere. You can save up to 99% on brand new products like laptops, HD TVs, Ipods and video game consoles. This one uses a business model of investors giving away up to 50 free bids to gather more users. Competition between the different penny auctions sites are increasing and more and more value must be given to the bidders to gain additional customers or lure them from other penny auction sites. This is good news for the customers.
The merchandise is being sold by the owners of the penny auctions website, not third parties, for starters. The biggest difference, though, is in the bidding process. Potential buyers have to pay a fee — typically between 50 cents and $1 — for each bid they make. Penny auctions start at zero dollars, and each bid bumps the price up by a small amount, usually a penny, hence the name “penny auctions” .
Penny auctions have announced ending times, but in an cyberworld version of “going once, going twice” new bids placed toward the end of the auction add a small amount of time, such as 10 or 20 seconds, to the auction.
Here is a how typical penny auctions, say for an iPad, works:
Bidders buy “bid packages,” perhaps 100 bids for $50.
The auction is announced on the website. Typically, hundreds or even thousands of penny auctions are held simultaneously. The terms of the auction are detailed. For example, a six-hour auction and each bid adds 1 cent to the price.
Each additional bid made in the last 20 seconds of the auction resets the clock to 20 seconds remaining.
Bidding often is slow until the waning minutes. With 20 seconds to go, the top bid might only be $1 or $2. But every time the clock nears zero, another bidder ups the price by a penny.
Finally, only one bidder remains and he or she wins the iPad, which has a list price of $500, for whatever the final tally is, maybe $25.
Since every bid costs 50 cents, and it took 2,500 bids to reach $25, the auction site takes in $1,275 ($1,250 in bids plus the $25 winning bid). Assuming the site paid full retail price for the iPad, it makes a $775 profit.
The winning bidder gets the iPad for $25 plus the cost of the bids he made and shipping. The other bidders, some of whom may have spent $100 or more on bids, walk away empty handed.
But even the winner might not come out ahead of the game, advocates suggest. Say the winner bid $25 and used $50 in bids. At $75 for a $500 iPad, that still seems like a good deal.
But that doesn’t take into account all the money in bids the winner spent in auctions he didn’t win. Add that in and the deal might not be so good; in fact it could mean that he spent more than the retail cost of the iPad.
Penny Auctions FREE Bids
Most penny auctions site give away some free bids so you can try before you buy. Bids are usually valued at $1.00 and when you have competition the value of the bids the sites are giving away increases.
This newest site Zeekler gives its new customers up to 50 FREE bids. On the back end individual affiliates are gathering new customers for points. It is up to the individual affiliate on how many bids to give to customers. The affiliates want to give all their bids away to customers because they get 1 point for 1 bid given away. The affiliates points represent a share of the penny auctions sites profit pool.
Penny Auctions FREE Bids
If you would like to try zeekler penny auctions site and get up to 50 FREE bids to try the site. you can just register here
If you would like to be an affiliate of zeek rewards program and make money from home with just 5 minutes a day, you can sign up here
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By The Numbers - Rankings, Stats and More
Release Date:2011-10-14ReviewCritical.com Sales Rank: #15391
Category Rankings:
#3130 in Video Marketing
Price:USD 29.97
Refund Period: 60 days
Vendor ID:LNUNN
Charts
Suggest improvements hereTop Phrases
Report useless phrases here| Phrase | Count | Density |
|---|---|---|
| viral aspects | 2 | 0.367 |
| uses viral | 2 | 0.367 |
| aerospace engineer | 2 | 0.367 |
Hosting Location
- Website: http://mlmworldnow.com/wp/
- Server IP: 97.74.215.180
- Hosting server location :
- City: Scottsdale
- Region: Arizona
- Country: United States
- Zip:
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Vendor Updates for Affiliates
Product description updates for affiliates (sales partners) by the owner. Usually short 1 sentence descriptions, with some stats focusing on the profitablitiy of the product trying to convince affiliates for promoting it.- 2011-10-19 : Step By Step On How To Set Up A Automated System To Promote Viral Videos For Monitization Of Videos You Created Or Other People Have Created!
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