Global One Penny Auction Review
August 8, 2012 by Debbie Turner
Filed under GlobalOne Companies, Home Based Business Ideas
GlobalOne™
IBidGoWin™
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
http://InstantTeleseminar.com/?eventid=32330307
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
http://InstantTeleseminar.com/?eventID=32446164
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
- collectibles
- diamonds
- Rolex watches
- gold bars
- purses
- 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.
Click Here To Watch A Webinar Replay That Explains The Spinfinity™ Compensation Plan
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.
Click Here To Watch A Webinar Replay That Explains The GoGlobal™ Profits Pool
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.
Click Here To Watch A Webinar Replay That Explains The Infinity™ Payouts
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
Image: FreeDigitalPhotos.net
Debbie
Thank you so much for such a thorough review of the Global One Penny Auction compensation plan. I recently became a member, but it has been hard to find anything to really sink my teeth into. This was terrific.
Thanks again,
Kim Lendh
Debbie Turner Reply:
August 9th, 2012 at 3:14 am
Hi Kim,
Thanks for your comment and kind words… let’s have fun with this and share with others.
~ Debbie
Debbie,
I agree with Kim, this has been the first time I can really sink my mind into the business model. Thank you.
Debbie Turner Reply:
August 10th, 2012 at 4:09 am
Hi Barbara…
There’s parts I’m still trying to fully understand myself and the lights will all come on once it’s live and we can see it in real time.. you know?
Hi Debbie, thank you for an excellent review of Globalone, i came into this from its first week of offering Founders positions, its an extremely ambitious project with an excellent Humanitarian charitable side to the business , which is very commendable, i have faith in Scott Evans and feel confident that he will come thru on his promises, i cant wait for this to launch !
Debbie Turner Reply:
August 12th, 2012 at 2:52 pm
Hey Patrick…
I don’t know much about Scott Evans but feel I have nothing to lose and everything to gain and don’t count my participation as risk at all here to get started. What do you know about Scott if you don’t mind sharing?
And yes, I think the humanitarian charitable side to this business is pretty darn awesome. Anxious myself to get going with the open doors.
Thanks for stopping by and saying hey..
Hi Debbie,
I just sign in from your website
When the company will start working?
Ofir
Debbie Turner Reply:
August 17th, 2012 at 2:34 pm
Hi Ofir… welcome to the team.
End of August is when they expect to launch. There’s a couple great calls in the back office.
Log in to your back office and see under”news”. That will keep you up to date. New member
training will start tomorrow … Sat.
I’ll be sending you an email later today to welcome you to the team and get you connected
into our Facebook Team Group.
Debbie
Hi Debbie, what about the fee for the ewallet? I understand you have to pay recurrent fee to keep it open, a fee when you decide to close it etc…
Debbie Turner Reply:
August 19th, 2012 at 2:31 pm
Great question Gloria. Yes there are fees. I’ve logged into the ewallet and here are some that I think you will apply to members for the most part. I’m copying and pasting so I don’t konw how this will look when I post it. But I’ll try. And obviously, this is their fees and subject to change anytime.
Maintenance / Miscellaneous fees are listed as:
No annual fee (it’s taken monthly)
$1.95 sign up fee
$2.50 monthly
$5.00 one-time fee if you close your account or reopen it later
$1.00 one-time to link a bank account
$1.00 per minute for support
$10.00/mo if your account sits dormant with no transactions or use after 6 months
Deposit Funds (To eWallet) Fees are:
Check to eWallet $0.00 + 1.00% (Minimum:$5.00) Each transfer
Declined Check to eWallet $30.00 Each occurrence
eWallet Wire Deposit (USA) $30.00 Each transfer
eWallet Wire Deposit (Outside USA) $35.00 Each transfer
Cash Deposit to eWallet(Non USA – Ukash) $0.00 + 8.00% Each transfer
Cash Deposit to eWallet(USA – ZipZap) $6.00 Each transfer
Payout To eWallet $0.00 + 0.50% Each transfer
Payout To eWallet (International) $0.00 + 0.50% Each transfer
Boleto Deposit to eWallet $2.00 + 2.00% Each transfer
Merchant to eWallet Free Each transfer
The rest looks like standard bank kind of fees
ACH user’s input error fee $6.95 Each occurrence
ACH ChargeBack $25.00 Each occurrence
Notice of Change $3.50 Each occurrence
Chargeback $25.00 Each occurrence
Stop Payment on Check $35.00 Each occurrence
Failed Wires $10.00 Each occurrence
I hope this helps.
Debbie
Debbie Turner Reply:
August 19th, 2012 at 2:57 pm
More info… the ewallet appears to be a new payment gateway and established in the US. It’s called Ipayfire.
Hello, nice to find this site… I still think I'm missing some info…
1) If I'm not adding any refferals how will I Gain profits ? and what should I expect for ?
2) do I have to invest any first amount of my money to begin with ?
3) what work do I have to do to keep my business going on (each day)?
Thank you very much
Debbie Turner Reply:
August 20th, 2012 at 11:35 pm
Hi Ronen…
Great questions. I don’t have all the answers and am still trying to get a handle on it myself. Once it launches and I can see it in action, I will be able to see first hand.
1) I’m not sure how that will work except I believe if you are being a customer, you can credits that you are paid on. You being a customer I believe answers your #2 question. The monthly fees are your choice of either $10, $25, $50, $75 or $100. You can see the various packages on this review page. There are no fees to sign up with right now. It’s free to join until they open which their target date was end of August, first part of Sept. and they may have a free affiliate option.
Regarding #3) I don’t have that answer. We’ll have to wait and see.
All the information I have, I’ve taken from the all the webinar replays which are all of them to date.
Many of us are in a ‘wait and see’ and ‘learn more as they announce things’ mode.
~ Debbie
Hi Debbie,
A couple of things. ewallet's fees are high, what if we do not want to use ewallet? Can we fund and have money deposited from another source? Also, everyone is signing up without knowing any spread of possible daily %. What is being discussed based on their business? In other words, if someone, say comes in at the highest level of $100 per month, what is considered a low spin and what is considered a high daily spin? How can they ask for people to sign up if we dont know if the highest spin is $1000 or $10? All the build up is great, however those of us who just got screwed with Zeek are concened. Can you explain or tell us what you have heard? Thanks.
Debbie Turner Reply:
August 27th, 2012 at 2:53 am
Hey Jim…
I’m most happy to give you an update and answer your questions best I can.
As an update, they are not launching with the penny auction. They have multiple different businesses under the GlobalOne umbrella and all lead to the humanitarian project. Due to the unrest of concerns surrounding Zeek, as a professional courtesy, they have pulled that back into the workshop and will have their attorney’s go over it again to ensure us that if they roll it out, full integrity has been taken and it’s full speed ahead.
This however, does not change your pay in the compensation plan. The monthly subscription will still be the same and work the same. What I recommend truly…
listen to these calls:
August 2, 2012
GlobalOne – The Big Picture –
http://InstantTeleseminar.com/?eventID=31899261
August 20, 2012 update and their announcement that they will not open with the penny auction.
http://InstantTeleseminar.com/?eventID=32446164
August 21, 2012
GlobalOne – It’s Easy To Be A Leader
http://InstantTeleseminar.com/?eventID=32498076
August 24
GlobalOne – How To Be a Star Leader
http://InstantTeleseminar.com/?eventid=32568132
this will about catch you up and help you see the big vision of GlobalOne.
Re: your questions:
1) Ewallet… The fees seem comparable to other ewallets. The question about using other funding sources will have to be directed to support. I don’t have that answer.
2) Signing up without the daily spread. The commission structures are all based on their total volume, how many affiliates, etc. The key is in understanding the compensations plans. Listen to the replays and they will help you tremendously.
3) I’ve stayed up to date with all the teleseminar replays and I can see how the penny auction site was just a drop in the bucket with what they have planned. This truly is a unique business model.
I’d like to ask you to listen to the replays and then let me know what you think.
Hello everyone!
Can you tell me the exact date that Globalone will fledged launch?
Thank !
Debbie Turner Reply:
September 16th, 2012 at 3:13 pm
Hello..
To answer your question, of course not. Feel free to listen to the replays that I’ve posted on my blog or if yo’re a member, log into your back office and stay up to date on the news. It’s all there. Sometime in Sept is the date. Getting close