How Does a Penny Auction Work? - Zeekler Penny Auction Biz

You know, this is a win-win for not only the ones who play the auction and win products for 60-95% off, but especially for the business end.

Each penny bid has to be bought, which is .65 cents each bid. So if someone is trying to win an Ipad, which is worth a few hundred dollars, they would bid their 'pennies' (which actually costs .65cents each..) the bidders would strategically wait till they feel its the right price to bid. Now it is timed, so if someone doesnt bid before the timer hits '0' , then whoever bid last wins the item, or Ipad, at that price. Now they do have to minus the cost for each bid they played. Say they bid 50 times. that would be $32.50. And the winning bid was $25.43 for the Ipad. they have paid the total which is $57.93 for an Ipad! Not bad!! But it gets better for the company, Zeekler. That Ipad is worth $300. But the bids that were played were 2,543. Times that by .65cents. Thats $1652.95 for the company!!!!! Just for ONE $300 Ipad!!! So what Zeekler does is give its members daily Profit Sharing! Its is on average about 1.7% daily added onto what you have in points in your account, which are now convertable into cash! The reason for the profit sharing is they require you to advertise daily, and post to them daily to show them the link to your ad which advertises your link. this in turn gets zeekler the business to their auction site. And so you are paid! Everybody's happy, the company, the winner, and me!