The document describes a proposal to earn commissions by bidding on items in online penny auctions on behalf of another individual. It outlines bidding strategies and structures a 10-15% or 20% commission system based on the retail price and final bidding price of won items. Interested individuals would need basic computer skills and 1-3 hours per bidding session to participate.

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8. 20% Commission Structure Click on presentation to view the next line of information and the next slide The 20% commission is different than the 10%-15% commission due to the higher final “Bidding Price” that it will be to acquire the item and the total amount of bids it’s going to take to acquire the item. The commission structure will look like this: 20% of the “Retail Price” minus the final “Bidding Price” minus the dollar amount of “Bids Used” And finally the “Marked Down Price” Example #1 – The item retails for $2,349.00 and the final “Bidding Price” Was $260.00 and you had to use (300 bids x .60 cents = $180.00) and I mark the item down $210.00 [ Example: (Retail Price:$2,349.00)- (Bidding Price:$ 260.00 )=$2089.00–(Bids Used:$ 180.00 )=$1,909.00 –(Marked Down Price:$ 210.00 )= $1,699.00 ] Your commission would be 20% x $1,699.00 = $339.80 $1,600.00+ 20% commission Marked Down Price