It looks like trouble is brewing for Zeek Rewards.
In the company’s effort to move from an illegal scheme to a legitimate opportunity, they risk losing the vast majority of their affiliates because they are actually going to require some effort.
There is an in depth article over at BehindMLM.com that makes a very interesting point about Zeek Rewards:
Before March 1st, 100% of the purchases made within Zeek Rewards were by members (VIP bids).
In other words, “no actual customers” could be found. Now it looks like the company is adding a new rule, requiring two new preferred customers per month, which (like I mentioned above) will likely slow growth to a halt.
I always find it interesting when companies like Zeek Rewards pop up and gain some serious momentum. Because, hey…running an illegal scheme can be very profitable.
However, I’ve seen it before, once a company begins to move toward legitimate opportunity, they inevitably will slow way down.
Schemes attract the easy money, something for nothing crowd and when the easy money dries up, the something for nothing crowd will move on to the next scheme.
Zeek Rewards is in a tough spot.
They have to allow the lawyers to move the company in the direction of becoming a legitimate opportunity before the FTC and Attorney Generals come in and slam the doors shut. But if they move too quickly, you will see an exodus along the lines of iJango ort AGLOCO.
Reminds me of the Three-Card Monte games of yesteryear. They set up shop for the great big money grab with shills in the crowd clapping and causing an uproar to attract a crowd. They let a few unsuspecting victims win a few games, and as soon as the heat is turned up when they spot “the fuzz”, they grab the cards and cash and kick the cardboard box to the side leaving the losing gamblers wondering “What the hell just happened?”
Happens every year in this biz game.
Best thing to do is put yourself in their shoes. You don't really have to lol everyone knows one person is as greedy as the next. The best way to be successful is to do what everyone else is not.
Saw this coming a mile away. Although best of luck to everyone involved, don’t wish any bad fortune on anyone.
it only shows how much we need a consistency of a business plan and just a rush start up and slows down in the middle, you are really right they need a serious momentum, actually we all do.
Thanks
That’s really interesting because I’ve had a lot of people pushing this company at me in recent weeks. I’ll stay well clear. Thanks for the good info 🙂
Thanks Ty for exposing this information. I like MLM companies that move real products.
I had lots of opportunities to get involved with Zeek Rewards and even after I heard from several people I know who were making very good money, for some reason I never pursued it. Call it a hunch, if you will, but it just didn’t feel right. Makes me wonder if the members knew that they were the only customers? That would be a huge red flag to most people.
This post is completely inaccurate and uninformed about the ZeekRewards and Zeekler businesses. I’m not going to waste my time explaining both models as that would take far too long and is readily available on either’s home site……..but it is something the author of this post failed to check BEFORE posting this “opinion” with falsely stated facts. The ONLY place where the auction customers are is on zeekler auction site and that is where they bid to win things. These customers are many and most have nothing to do with the income opportunity side which is zeekrewards. They are simply customers who receive some free bids to “sample” the penny auctions on the zeekler site. Hopefully they like what they see (as most do) and decide to purchase more bids to use in more of the zeekler penny auctions. In the zeekrewards side of the business, (the income opportunity side) everyone is an affiliate and their goal is to attract customers to the zeekler penny auction site by placing at least one ad a day to attract those customers and then getting them started with some free “sample” bids. For doing this, those affiliates receive their share in the daily revenue share that occurs at the end of the business day. The author also misstates that every affiliate is “required to sign up two new preferred customers per month” ……not true, this is only an added incentive for higher earning affiliates to utilize (for the month of April only) in order to receive some very good benefits within the Company’s customer acquisition program. It would not pertain to a large majority of the zeekrewards affiliates and even the higher earning affiliates like myself may not choose to utilize this incentive as there are many other ways to attract and obtain those zeekler customers without being “required” to sign up two preferred retail customers in zeekler.
I hope you are wrong. Most companies have to make some adjustments along the way to comply with laws that protect us. It concerns me that this becomes a advertisement to sell your book at the end of ths information.
the majority of the traditional networkers must be very worry about this compnay setle down, because the all know if this company make it
all mlm company will loose the majority of their menbers
I’m worried for this Zeek company too. I joined Zeek in March 2012 and been having trouble of contacting the. I paid $2000 to purchase 2000 bids, but Zeek only credit me 1000 bids.
Since March, I’ve an open ticket file with them (and the company goal is to resolve issue within 2 days), but my ticket has been pending for more than 2 months and still sit on pending. Also, I went online chat to address the issue, but the other person either closed my chat and/or told me that they are not responsible in processing payment！
I also tried to call them on the phone, and in March and April, the average waiting time was about 3 to 4 hours. Worst, finally I was able to talk to the customer representive, she told me that me to give them a week to correct the problem since Zeek was recently update their new system…..
A week went and still no credit back to my account. I then called again, yes, another 3 to 4 hour waiting on the phone, and finally was able to talk to Zeek’s rep, and again, she told me that all she can update my issue to critical, and it has been critical since March. As of now, still critical and pending.
On April 17, on my open ticket, it noted that my issue has been referred to payment process department. And i’m still waiting and waiting….. And calling and calling… Since last week, the after the general recording message from Zeek, then the connection got disconnected. Can’t even queue on a 3 to 4 waiting time. I feel this Zeek company is not focusing on customer services but getting people money. Worry and very worry…
this is just like forexmacro.i was with them since 2006. a senior in high school making $20,000 a month.sounds crazy right. well the difference was that forexmacro was supposed to be a forex broker firm from panama, paying 18% a month, or.60 a day for your investment.they were pretty good at what they were doing had, a customer support number which worked, physical address which was real, but the business was fake.people have to understand, that zeekrewards pays from 1 to 2 percent daily on your deposit, call it VIP POINTS OR W/E.. I see it as a deposit gaining interest.they make you post ads, just so they can make more customers but that doesn't take away the fact that, 1% daily on average is 30% a month..NO BANK IN THE WORLD! NO BANK IN THE WORLD WILL EVER PAY ANY INTEREST RATE THAT HIGH , NOT ON A CD. MONEY MARKET. ITS IMPOSSIBLE. SO BE REALISTIC , THIS IS A PYRAMID LIKE , FOREXMACRO.MONTECARLO BROKERS, FXINVEST, AND A WHOLE BUNCH TO NAME A FEW..MY SUGGESTION IS FOR ALL, IS NOT TO FREAK OUT AND TAKE OUT YOUR PROFITS WHILE YOU CAN AND LET TIME BE THE JUDGE, IF NOW THEY REQUIRE YOU TO GET 2 REFERRALS IN ORDER TO GET PAID,, THAT's GOING TO CAUSE A HUGE PROBLEM…PEOPLE WILL STOP DEPOSITING MONEY TO BUY BIDS" =PEOPLE LEAVE=NO MONEY TO PAY PEOPLE=BUSINESS GOES DOWN HILL.
so rony what do you proimote that according to you, it not possible to earn a living, risidual income, and what else do u say. but i guess your school,investments is what we should put are money into, ive experienced. invest 2000 over 30r and have more than 50000/yr and last for eternity and every 10yr that amount will double( im not buying any products,not in the stock market,dont need a phone,computer, certainly not investing in a college, can start investing at one day old, yes one day old) and never touch the principal and be tax free. Why do some people like to complain about what others are doing but what is your solution?
so when will you be paying me for your college costs. or is it a scam you get degree and go out and make money. even though my money went to pay your college degree. tell us all why you dont owe us and why your not going to pay, but we dont have a choice whether to invest or not. Now thats a scam.
DJ Rony, looks like your initial assessment is already wrong…Back in March you said, “WHEN YOU LOOSE ALL YOUR MONEY IN A FEW MONTHS.” Well, it’s been a few months…So are the walls caving for us anyday now? I’ve already made thousands and know others making way more…Cheers!
lets get the facts actually straight here. number one they did have customers who are not a part of zeek rewards. Number two it is NOT mandatory to have two preferred customers I do this every single day and if he truly knew what it mean't than he wouldn't say that. They will give you customers to give bids away for free if you have the preferred customers but it is NOT necessary. Lets move on to the legality part of it. First of all they work directly with the FTC right now while they are growing the company. Also if you watched a video news clip today it says how they interviewed the attorney general and he said it is %100 legal. You can say all you want but I know people who request checks and get them every single time without skipping a beat. MLM's make more millionaires than any other form of a business.
oops my wireless keey board got me .I have friends who are receiveng thousands of dollaars per week
I have been an affiliate for almost a month and a half now. I’ve been reading some pretty bad reviews about Zeek Rewards which is making me regret joining. I have read that some people are actually cashing out at 0% re-purchase and many others having issues with getting paid. I want to know how other affiliates feel about this and if I should be cashing out as well.
I will be the 1st to not support this description and say that Zeek is super awesome. I have been in MLM for years and never have I been a part of a passive income. It has changed my life. The one thing I would suggest for any Zeek Rewards members is that you use a service like http://www.ads-away.com. I got a little lazy and didn't post a couple of daily ads and it cost me some big money. So using ads-away.com I they do it for me and ensure I get my needed customers and ads placed each day so I don't have to worry about missing out on any monies. Other than that join Zeek Rewards you will make a killing : ).
I just joined zeekrewards 11/20/12. I put in $2000.00 and now is 7/28/12. I got back $9,000.00 so far and more to go. Never have any problem getting my money. Only thing I require to do everyday is post ad and that only take 20 sec a day. I'm starting to make $1,000.00 from zeek since july which I'm pretty happy. I got back my money and more so I think zeek is pretty awesome. I'm glad my sister introduce me to zeek and she making $ 1,900.00 a month and took back over $18,000.00 already. I support zeekreward.
I just joined zeekrewards 11/20/11. typo from previous comment.
Why is the Zeek Rewards website shut down? I went in to place my daily ad and is was shut down.
The website of zeekrewards and zeekler is shut down because they were shut down by the North Carolina Attorney General along with the Security Exchange Commission for FRAUD. It was a Ponzi scheme.Their office in Lexington, NC was closed on August 17th in the afternoon by these law enforcement agencies, all Rex Venture accounts frozen and assets seized.