How Zenkrewards works
Bonus Balance
» You have a bucket called "VIP" and a bucket called "Bonus Balance" and a bucket called "Leftover Change" and a bucket called "Cash Available".
Getting Points
» Each time you buy and give away a VIP Bid to a customer in your ZenkRewards Back Office a point is added to the VIP bucket.
Company Awards
» From time to time the company awards points into your Bonus Balance. For example, each free signup gets 0 points in their Bonus Balance to get them started. New members who choose to initially join at the Silver, Gold or Diamond level upon their initial registration receive 100, 150 or 200 bonus points.
Bid Repurchase
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» In your VIP Retail Profit Pool Report there is also a Bid Repurchase Preference box. This tells the VIP Retail Profit Pool what percentage of your daily rewards you want to withdraw in cash and what percentage you want to use to purchase more VIP bids. The system recommends a percentage based on the size of your VIP bucket, but you can set it to any percentage you choose.
Business Production
» Each night, after the close of the normal business day, the company takes part of the day's overall business production which can include auction sales, product sales, member renewals, bid sales and other income production from our member companies and divides them among the qualified members. "Qualified member" means that they are a Silver, Gold or Diamond member and that they have placed an ad promoting Zenk Rewards, have registered it in their back office during the preceding 24 hours and have purchased at least 10 VIP bids via their liberty Reserve or Payza. Free Members do not receive awards for their VIP bucket but can still see the award in their Bonus Balance bucket.
VIP Bucket
» Here's an example as it relates to the VIP bucket: Let's say you are a qualified member and you have 500 bids in your "VIP" 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. 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.
Bid calculation
» 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 VIP bids. which would immediately appear in your Zend Rewards bid bank ready to use on the auction. You would then see your VIP bucket increase by 10 to 510. Tomorrow night, based on the same 1% Award level, you would receive an award of 2% of 510 or $10.2. This would buy you 10 more bids and increase your VIP bucket to 525. Each time the Leftover Change bucket reaches a dollar or more, a dollar is deducted from it and buys you another VIP bid.
Bonus Bucket calculation
» Now, how does the Bonus Balance bucket play into all of this. Very simple. The Bonus balance is calculated separately, but is increased by the same percentage every day that you qualify as the VIP bucket. So, if the Award is 2% and you have 100 points in your Bonus Balance bucket then tonight the Bonus Balance would increase to 101.5. Since Bonus Awards cannot be withdrawn as cash the Bid Repurchase Preference does not affect them. They will always generate awards at 100%. Tomorrow night the 101.5 would increase to 103.0225. Since Bonus points are not buying bids there is no need to track the 0.0225 separately. Your Bonus Balance will continue to grow for a full 60 days and will transfer over as points (not bids) into your RPP VIP Point Balance. That would be the 100 points you started with plus whatever points awarded that you have accumulated over the 60 day earning period. For example: Awarded points equal 125 and original bonus of 100 (total 225 points). At that moment, the original 100 points would drop off and the 125 remaining points would be transferred to your VIP bucket! From that point forward your daily Cash Award amount would be based on the full amount in that bucket, INCLUDING the points that were transferred from the Bonus Balance bucket.
Days Calculation
» Remember that Bid Purchases will generate awards for 90 days and Bonus Points will generate awards for 60 days. At that point they "drop out" of their bucket, but if you have been using 100% bid repurchase preference instead of withdrawing cash, your RPP VIP Points will have grown by even more than they started with.
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Get silver package with 10$/month and purchase bids as per 1 Bid having 1$ and used it till to 90 days
http://zenkrewards.com/PR.aspx?sid=mtosiffarhan
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