Join Zeek-Rewards: http:\/\/synergybiz.zeekrewards.com\/<\/p>\n
Think of your ZeekRewards VIP Retail Profit Pool this way:<\/p>\n
1. You have a bucket called “VIP” and a bucket called “Bonus
\nBalance” and a bucket called “Leftover Change” and a bucket called “Cash Available”.<\/p>\n
2. Each time you buy and give away a VIP Bid to a customer in your ZeekRewards Back Office a point
\nis added to the VIP bucket.<\/p>\n
3. From time to time the company awards points into your Bonus Balance. For
\nexample, each new signup gets 100 points in their Bonus Balance to get them
\nstarted. New members who choose to initially join at the Silver, Gold or Diamond level
\nupon their initial registration receive 10, 50 or 100 bonus points.<\/p>\n
4. In your VIP Retail Profit Pool Report there is also a Bid Repurchase Preference box.
\nThis tells the VIP Retail Profit Pool what percentage of your daily rewards you want to
\nwithdraw in cash and what percentage you want to use to purchase more
\nVIP bids. The system recommends a percentage based on the size of your
\nVIP bucket, but you can set it to any percentage you choose. You can
\nclick the “Here’s Why” link to understand more about the percentage setting.<\/p>\n
5. Each night, after the close of the normal business day, the company takes
\npart of the day’s overall business production which can include auction
\nsales, product sales, member renewals, bid sales and other income production
\nfrom our member companies and divides them among the qualified members.
\n“Qualified member” means that they are a Silver, Gold or Diamond member and
\nthat they have placed an ad promoting Zeekler, have
\nregistered it in their back office during the preceding 24 hours and have purchased at least 10 VIP bids via their credit card or AlertPay. Free
\nMembers do not receive awards for their VIP bucket but can still
\nsee the award in their Bonus Balance bucket.<\/p>\n
6. Here’s an example as it relates to the VIP bucket: Let’s say you
\nare a qualified member and you have 500 bids in your “VIP” bucket.
\nThen let’s say that tonight the company awarded a 1.5% payment. And let’s
\nassume that your Bid Repurchase Preference is set to zero percent (0%). 1.5%
\nof 500 is 7.50. Therefore, your Cash Award amount would be $7.50. That $7.50
\nwould appear in your Cash Available bucket. If the same percentage was paid
\ntomorrow night you would see $15.00 in your Cash Available bucket. this
\nwould continue, based on that Award percentage, until you had been paid
\non them for 90 days. Then your VIP
\nbucket would be empty and you would not receive nightly Awards until you
\nbought more bids.<\/p>\n
7. Now, let’s look at that same example but with the Bid Repurchase
\nPreference set to one-hundred percent (100%). Tonight you would still
\nreceive the same $7.50 Cash Award, but instead of going into your Cash
\nAvailable bucket it would, instead, be used to purchase 7 more VIP
\nbids (and you’d have 0.50 towards the purchase of another bid) which would immediately appear in your Zeekler bid bank ready to use on
\nthe auction. You would then see your VIP bucket increase by 7 to
\n507. Tomorrow night, based on the same 1% Award level, you would receive an
\naward of 1.5% of 507 or $7.605. This would buy you 8 more bids and increase
\nyour VIP bucket to 515 with twenty cents ($0.105) in your “Leftover
\nChange” bucket. Each time the Leftover Change bucket reaches a dollar or
\nmore, a dollar is deducted from it and buys you another VIP bid.<\/p>\n
8. Now, how does the Bonus Balance bucket play into all
\nof this. Very simple. The Bonus balance is calculated separately, but is increased by the same
\npercentage every day that you qualify as the VIP bucket.<\/p>\n
So, if the Award is 1.5% and you have 100 points in your Bonus Balance bucket then tonight the
\nBonus Balance would increase to 101.5. Since Bonus Awards cannot be withdrawn as cash the
\nBid Repurchase Preference does not affect them. They will always generate awards at 100%.
\nTomorrow night the 101.5 would increase to 103.0225. Since Bonus points are not buying bids
\nthere is no need to track the 0.0225 separately. Your Bonus Balance will continue to grow for
\na full 60 days and will transfer over as points (not bids) into your RPP VIP Point Balance. That
\nwould be the 100 points you started with plus whatever points awarded that you have accumulated
\nover the 60 day earning period. For example: Awarded points equal 125 and original bonus of
\n100 (total 225 points). At that moment, the original 100 points would drop off and the 125
\nremaining points would be transferred to your VIP bucket! From that point forward your daily
\nCash Award amount would be based on the full amount in that bucket, INCLUDING the points that
\nwere transferred from the Bonus Balance bucket.<\/p>\n
9. Remember that Bid Purchases will generate awards for 90 days and Bonus Points will generate
\nawards for 60 days. At that point they “drop out” of their bucket, but if you have been using
\n100% bid repurchase preference instead of withdrawing cash, your RPP VIP Points will have grown
\nby even more than they started with.<\/p>\n
Join ZeeRewards: http:\/\/synergybiz.zeekrewards.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Join Zeek-Rewards: http:\/\/synergybiz.zeekrewards.com\/ Think of your ZeekRewards VIP Retail Profit Pool this way: 1. You have a bucket called “VIP” and a bucket called “Bonus Balance” and a bucket called “Leftover Change” and a bucket …<\/p>\n","protected":false},"author":318,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/posts\/21360"}],"collection":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/users\/318"}],"replies":[{"embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/comments?post=21360"}],"version-history":[{"count":0,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/posts\/21360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/media?parent=21360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/categories?post=21360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.strategyindia.com\/blog\/wp-json\/wp\/v2\/tags?post=21360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}