What is the product?
The product is a Penny Auction that is 100% legal and as I mentioned earlier the company is working with MLM lawyers to make sure it is compliant in anyway required. You may ask yourself “Why Penny Auctions?”
Penny Auctions are very appealing because of the benefits to the average consumer. It attracts both the young and old, males and females. Our target audience is only consumers who enjoy shopping, gaming and of course great deals! The Penny Auction appeals to the masses because it combines the thrill of shopping and entertainment in an already exciting auction environment.
• Winners obtain the merchandise at an average of 70%-95% off retail price
• Auctions take place 24/7 and merchandise is automatically shipped to auction winners
• Auctions happens in a matter of hours, not days as opposed to other auction models
• Auctions combine the thrill of shopping and intense bidding to form a highly captivating experience.
• Auctions offer high end consumer products such as laptops, tablets, iPads, iPhones, gift cards, vacation packages, automobiles and other items that is in high demand.
• Bidders can use the bids they spend as credits to immediately purchase products at a saving off retail price.
• Auctions are easy to participate in and users can register and begin bidding within a few minutes.
There is absolutely no doubt that Penny Auctions are legal. They can easily sell without a compensation plan. Just take a look at the very popular website www.quibids.com , which is a US based Penny Auction website, which launched in 2009. According to BBB (Better Business Bureau) they have 145 employees. It hosts 9,000 auctions per day; of those auctions, about 4,000 are won by different individual bidders. An average of 2,000 bidders per day win multiple auctions. If you watch cable TV in the US you can’t avoid seeing TV ads for this company every day!
The Penny Auction Website
On February 1, 2013 we will open the Penny Auction website for the Affiliates that are already in the system. When you purchase the Founders Package you will also receive 200 free bids for the Penny Auction website, which can be used during the testing phase. And any winnings is yours to keep! The company has been testing the Penny Auction website for months and everything has been running smoothly, but this has been with a limited number of people and with “bots” (a software application that runs an automatic task over the internet). During the pre-launch phase we will get a good chance to really test the Penny Auction website.
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