Global One Penny Auction Review
Penny Auction Review
Scott Evans, founder, began the pre-launch festivities for GlobalOne Companies and the UltimatePowerProfits™ system in July of 2012.
There are MANY businesses under the umbrella of GlobalOne and the first one was going to be the IBidGOWin penny auction.
Are you thinking to yourself…. " Penny Auction? Really?"
Maybe you remember hearing that GlobalOne had a penny auction they were launching called IBidGOWin.
Or maybe you're just now hearing about this through reading my blog.
Or maybe you're just confused and would like an update.
Well, here's the story… here's what happened.
Penny auction businesses are not illegal. In fact, there are many that are operating and doing just fine.
Because of it's popularity, GlobalOne was going to launch it's first of MANY businesses, it's IBidGOWin penny auction. This would serve as a nice introductory and lead in for people to discover ALL that GlobalOne had to offer.
But then ZEEK REWARDS happened August 16, 2012.
Zeek Rewards was shut down by the SEC and labeled a ponzi scheme. It had been mismanaged and they got in trouble.
Well, naturally, it caused an upset in the industry and every company that is or has a penny auction took a review of their business model so there would be surity that they were compliant.
GlobalOne had not launched IBidGOWin penny auction business yet.
On August 17, 2012 Everyone Received This Email notice from GlobalOne
With all of the restlessness and Internet static within the business community at this time, GlobalOne wanted to take a moment to reach out to everyone in order to reinforce our unique and steadfast corporate mission.
GlobalOne started as and will remain a sound business, which makes a careful examination of each step it takes in providing you with several business profit centers, unique life changing products and services, and the ability to operate a long term business you will be proud of.
GlobalOne remains committed to solid, transparent and ethical business practices, which will positively transform the way business is done. We thank you for being part of our continued commitment to such a unique global cause … Please do not let the static-noise distract you from being part of this very special program.
There is no better time to let the world know of our ground breaking and paradigm shifting business direction … It is easy to join!
Then on August 18, 2012, GlobalOne made this statement.
Take a listen:
GlobalOne – Company Reassurance of Ethical Business
August 20, 2012 GlobalOne – Information on Big Picture with GlobalOne.
They Announce they will not be launching with the penny auction.
They are going to bring that back into the shop, have their attorneys
check it AGAIN and make sure everything is good to go.
They will launch on schedule with one of the other many businesses
inside in the umbrella of GlobalOne.
GREAT UPDATE – LISTEN
IBidGoWin™ Penny Auction
The IBidGoWin™ Penny Auction is just one of many businesses under the umbrella of GlobalOne.
Here's a picture example of the overall GlobalOne™ business model launch visual.
How will the GlobalOne™ Penny Auction (IBidGoWin™) be different from the other penny auctions on the market?
If you listen to this replay (http://instantteleseminar.com/?eventid=31479492) where Scott Evans shares how the business model will be different from everything you've ever seen and truly has a patent pending compensation plan, you will hear that the payout and structure of this is unlike others.
The products also will be different in that they will only be offering items that people really want and wish they could afford. Things like:
- sports memorabilia
- Rolex watches
- gold bars
- and much more with exclusive rights and relationships to offer these items through their auction.
You WON'T find vacuum cleaners and ordinary items on the IBidGoWin™ penny auction site.
The Compensation Plan
From what I can tell, every business under the umbrella of GlobalOne™ will work the same. As time goes on and it becomes more clear as to how it all works, we can comment and clean up any errors.
GlobalOne™ (GO) promises 100% of all active Members will earn money every 30 day period.
3 in 1 Compensation Plan
The compensation plan for Global One™ actually is a 3 in 1. In other words… there are 3 different compensation plans all running at the same time.
The best part is that you are not building them separately… but rather building them at the same time. So if you decide to refer and share this program with others, you can build one team yet profit from all 3 compensation plans.
Remember, you don’t have to promote or build any team if you don’t want to… but if you do the income potential is quite staggering.
Let's look at each individual component real quick
Compensation Plan #1: Spinfinity™
With Spinfinity™, basically, all members of the business are placed in one straight line based on their join date.
The membership is then split into 3 zones. The top two zones are pay zones, and the bottom zone is a non-pay zone.
Every three days, the membership spins or rotates, where the top group moves to the bottom, the bottom group moves to the middle, and the middle group moves to the top.
An algorithm is used to assign dollar values to each position where the top position in the top group has the highest payout, and the payout amounts descend to where the bottom position in the middle group has the lowest payout. Therefore, you will receive a payout every 3 days, unless you are in the non-pay zone.
This ensures that every member will get paid a minimum of every 6 days, or 6 times per month, through Spinfinity™.
As far as the earning potential, it can vary greatly. It all depends on where you end up after each spin. It is possible for a member to join at the tin level for just $10/month, spin and end up in the top position, and end up earning over $1000 in just one day! As with all the compensation plans, members also receive 20% matching bonuses on all of their referrals down to 5 generations deep.
Compensation Plan #2: GoGlobal™ Profit Pool
The GoGlobal™l Profit Pool is the compensation plan that requires the work, though you do not need to refer others to earn.
Through the GoGlobal™ profit pool, you accumulate points by giving away bid tokens to the iGoBidWin™ auction site.
For every free token you give away that is used, you earn 1 point per token.
Whenever a customer purchases tokens from your site, you earn 5 points every time these tokens are used. If you do not want to give away tokens, you can spend 5 tokens to put them in the companies “marketing machine” and they will market and give away the tokens on your behalf.
Every 3 days, you are paid based on the number of points you have accumulated in that pay period. Therefore, with no referrals, you can receive up to 10 payouts per month through the GoGlobal™ profit pool.
Also, like with Spinfinity™, you also earn 20% matching bonuses on all of your referrals down to 5 generations deep.
Compensation Plan #3: Infinity™
Infinity™ is the easiest part of the compensation plan to understand. Simply put, it is a 3×10 company forced matrix. There is not a requirement to refer others, as it is possible to receive both spillover and spillunder from your team. Infinity™ pays out every 3 days, or 10 times per month.
Like with the other compensation plans, you also earn 20% matching bonuses on all of your referrals down to 5 generations deep. However, you also earn 20% matching bonuses on everyone on your 4th level of the matrix, even if they are not within your first 5 referral generations.
Therefore, with no sponsoring, members can receive up to 26 payouts per month as a standard affiliate. However, if you refer others, you can receive up to an additional 26 payouts per month for every referral down to 5 generations deep.
Global One – IGoBidWin™ Affiliate Program
There will be The biggest questions right now people have having is what will the monthly participation packages look like.
The information I have (which can be subject to change) is as follows:
There are 5 levels which you can choose from
TIN MEMBERS – $10 Monthly
- This is the ‘lowest’ level you can participate in, but you’ll still be able to participate in all 3 compensation plans.
COPPER MEMBERS – $25 Monthly
- You get 25 bid tokens to redeem at IGoBidWin™ penny auction platform
- You automatically participate in Spinfinity™ Powerprofits system for passive income
- You earn 25% of your all “My turn On Top™” commissions (more passive income)
Note: You receive 10 profit-sharing points for all every bid you used on your site – by you, customers and affiliates tagged to you.
SILVER MEMBERS – $50 Monthly
- You get 60 bid tokens to redeem at IGoBidWin™”
- You get all Copper membership benefits
- You earn 50% of all MyTurnOnTop™” commissions (passive income)
- You get a 25% MATCHING BONUS on commissions earned by your personally referred level one affiliates
Example: If you refer 5 members, you receive a 25% MATCHING BONUS of all of their paid commissions in the MyTurnOnTop™” payout cycle every three days!
GOLD MEMBERS – $75 Monthly
- You get 120 penny auction tokens for IGoBidWin™”
- You get all Silver membership benefits
- You earn 75% of all MyTurnOnTop™” commissions (passive income)
- You get a 25% MATCHING BONUS on commissions earned by your personally referred Level One and Level Two affiliates
Example: If you refer 5 members and they each referred 5 members, you receive a 25% MATCHING BONUS of all 25 of their paid commissions in the MyTurnOnTop™ payout cycle every three days!
PLATINUM MEMBERS – $100 Monthly
- You get 180 penny auction tokens for IGoBidWin™
- You get all Gold membership benefits
- You earn 100% of all MyTurnOnTop™ commissions
- You get a 25% MATCHING BONUS on commissions earned by your personally referred Level One, Two and Three affiliates
Example: If you refer 5 members and they each refer 5 members – who each refer 5, you receive a 25% MATCHING BONUS on 150 active level one, two and three members in the payout cycle every three days! (WOW!)
If and when GlobalOne does launch their IBidGoWin penny auction business, I will come back and fill you in with more details. Right now, it's on the 'back burner' with attorneys going over everything and making sure all is compliant for not only U.S. laws but also every country GlobalOne Companies is in. Currently that over 200.
Other blogs you may be interested in regarding GlobalOne Companies
GlobalOne Companies: GlobalOne Teleseminars and Information
GlobalOne Companies: IGO Shopping Mall – Cash Back Shopping
GlobalOne Companies: Ultimate Power Profits Q&A with Founder Scott Evans
GlobalOne Companies: How to be a 1 Star Leader and what it means financially
GlobalOne Companies: Ultimate Power Profits – Paid on Multiple Businesses (Look at this payplan!)
GlobalOne Companies: Official GlobalOne Website and Join Page