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Friday

When an Auction ends, who earns?

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When an Auction ends, who earns?
1) The Seller, of course.
2) The Success Coach of the Seller.
3) The Promoter. (I'll define this below)
4) And the Success Coach of the Promoter.

Who is the Promoter?
If the buyer clicked on an Ad, the Promoter is the person that created the Ad - earning 6% or 30% of the final price - depending on whether she paid for the Ad.
The Promoter can also be the person whose bid on the item caused a chain reaction of feed stories to go out - including an unlimited number of Likers, Commenters and Reposters that further spread the word.
Example:
Jo is selling Olives and Zoe bids on it.
Arlene (Zoe's friend) comments on it, spreading it to Arlene's friends and fans - one of which is Jenny Lee.
Jenny Lee "Likes" it - spreading it to her friends and fans - one of which is Scott.
Scott reposts it, spreading it to his friends and fans - one of which is JC.
JC bids and is the winner.

Guess who earns 6% of the final price?
Anyone?

You guessed it: Zoe.
You see, all the viralness is tracked back to a bid. The person that bid gets the credit, because she didn't just "Like" it - she put her money where her mouth was - proving that she really Liked it because she didn't mind paying for it to own it. 

In FanBox Auctions, it pays to bid on things:
Not only are you helping your friends and fans, your Success Coach, and the seller -- but you're also setting yourself up to be a seller (if you're lucky enough to win the auction).
If you win the product or service, enjoy it -- or place it up for Auction.
Seriously - what better way to find things to sell, than by bidding on them?
If you don't end up winning, you still earn as the Promoter.
And if you are the winner, you're setting up shop and now have things to sell.

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