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Zeekrewards - Zeekrewards.com
Feb 7 2011, 03:17 PM
Group: Lifetime Supporter
Joined: 9-February 05
Member No.: 2,785
Wow, ZeekRewards continues to improve on a daily basis!
Here is the latest update. For those of you that might be a bit confused with the compounder, there
is a good explanation in this update.
As of today, Monday Feb 7th, the 50% Bonus for all compounding bid purchase ends.
But don't worry, you can still get a 50% Bonus for bids purchased.
Easy, take a look at your new Matching Scale:
If you purchase from 20 to 249 Compounding Bids, you will get 25% in Bonus Points Free!
If you purchase 250 to 499 Compounding Bids you will get 35% in Bonus Points FREE!
Purchase 500 Compounding Bids and beyond then you will see your purchase met by a 50% Bonus Point MATCH!!
This amazing new 25% to 50% Matching Bonus will last for only 14 more days only until Feb 21st. Take Advantage of it while you still can!
Get all the details on tonight's conference call!!
Here is an overview of your Compounder Report written by Paul Burks.
If you've had questions on how the Compounder Report works read every word. I think you'll find the info below quite helpful.
Think of it this way. Picture FOUR BUCKETS.
1. You have a bucket called "Compounding" and a bucket called "Bonus
Balance" and a bucket called "Cash Available" and a bucket called "Leftover
2. Each time you buy a Compounding Bid in your ZeekRewards Back Office a bid
is added to the Compounding bucket. Spending the bid in an auction does not
remove it from the bucket.
3. From time to time the company awards points into your Bonus Balance bucket. For
example, each new signup gets 100 points in their Bonus Balance to get them
started. Members of GoGoHub and MyBidShack who have been members for more
than 120 days were given 500 points in their Bonus Balance bucket when they
registered in Zeek Rewards.
4. In your Compounder Report there is also a Bid Repurchase Preference box.
This tells the Compounder what percentage of your daily rewards you want to
withdraw in cash and what percentage you want to use to purchase more
compounding bids. The system recommends a percentage based on size of your
Compounding bucket, but you can set it to any percentage you choose. You can
click the "Here's Why" link to understand more about the percentage setting.
5. Each night, after the close of the normal business day, the company takes part of the
day's bid sales and divides them among the qualified members. Qualified
means that they are a Silver, Gold or Diamond member and that they have
placed an ad promoting Zeekler or ZeekRewards and registered it in their
back office during the preceding 24 hours. Free Members do not receive
awards for their Compounding bucket but can still see the award in their
Bonus Balance bucket.
6. Here's an example as it relates to the Compounding bucket: Let's say you
are a qualified member and you have 500 bids in your "Compounding" bucket.
Then let's say that tonight the company awarded a 2% payment. And let's
assume that your Bid Repurchase Preference is set to zero percent (0%). 2%
of 500 is 10. Therefore, your Cash Award amount would be $10.00. That $10
would appear in your Cash Available bucket. If the same percentage was paid
tomorrow night you would see $20.00 in your Cash Available bucket. this
would continue, based on that Award percentage, until you had been paid
$625, which is 125% of the 500 you started with. Then your Compounding
bucket would be empty and you would not receive nightly Awards until you
bought more bids.
7. Now, let's look at that same example but with the Bid Repurchase
Preference set to one-hundred percent (100%). Tonight you would still
receive the same $10 Cash Award, but instead of going into your Cash
Available bucket it would, instead, be used to purchase 10 more compounding
bids which would immediately appear in your Zeekler bid bank ready to use on
the auction. You would then see your Compounding bucket increase by 10 to
510. Tomorrow night, based on the same 2% Award level, you would receive an
award of 2% of 510 or $10.20. This would buy you 10 more bids and increase
your Compounding bucket to 520 with twenty cents ($0.20) in your "Leftover
Change" bucket. Each time the Leftover Change bucket reaches a dollar or
more, a dollar is deducted from it and buys you another Compounding bid.
8. Now, how does the Bonus Balance bucket play into all of this. Very
simple. The Bonus balance is calculated separately, but is increased by the
same percentage as the Compounding bucket. So, if the Award is 2% and you
have 500 points in your Bonus Balance bucket then tonight the Bonus Balance
would increase to $510. Since Bonus Awards cannot be withdrawn as cash the
Bid Repurchase Preference does not affect them. They will always compound at
100%. Tomorrow night the 510 would increase to 520.20. Since Bonus points
are not buying bids there is no need to track the 0.20 separately. Your
Bonus Balance will continue to grow until it has increased by 125%. That
would be the 500 points you started with plus 625 Awarded points (total 1125
points). At that moment, the original 500 points would drop off and the 625
remaining points would be transferred to your Compounding bucket! From that
point forward your daily Cash Award amount would be based on the full amount
in that bucket, INCLUDING the points that were transferred from the Bonus
9. Remember that Bid Purchases and Bonus Points both will compound until
they have earned 125% of their starting amount. At that point they "drop
out" of their bucket, but if you have been compounding instead of
withdrawing cash, they will have grown by even more than they started with.
That is explained in the "Here's Why" link. It's a good read!
Listen in this week at 9 p.m. (Eastern Time) Monday thru Wed.
The number is 512-439-6511 (Access Code 227292#).
Call the Home Office at (336) 243-1123 for additional help.
They will be happy to answer your questions.
Weekly Conference Call Schedule
Monday - Thursday
9 pm Eastern US time
Access Code 227292#
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