Thread: FlexKom aka Flexcom aka Weeconomy - legitimate MLM or scam ??

Let's say that you have 10 dollars. You give those 10 dollars to me. Then I give you back 2 dollars. A normal person would say he'd just made a loss of 8 dollars. But a Flexkom person would explain this as a profit of 2 dollars.

The commisions that justlogicnohate is talking about are being paid entirely by shops such as the baker, the petrol station and the car wash. Flexkom people are generally unable to understand that their system is causing massive unnecessary loss to the shops, because of the commisions that a shop has to pay to other shops and, more important, to the Flexkom licenceholders/franchisers/agents/pimps. Not that that matters, because every shopowner can see that, thus there is no chance for Flexkom to ever get started.

Originally Posted by Wouter Hol

Let's say that you have 10 dollars. You give those 10 dollars to me. Then I give you back 2 dollars. A normal person would say he'd just made a loss of 8 dollars. But a Flexkom person would explain this as a profit of 2 dollars.

A normal person would say you just ripped me off.

Originally Posted by Wouter Hol

The commisions that justlogicnohate is talking about are being paid entirely by shops such as the baker, the petrol station and the car wash. Flexkom people are generally unable to understand that their system is causing massive unnecessary loss to the shops, because of the commisions that a shop has to pay to other shops and, more important, to the Flexkom licenceholders/franchisers/agents/pimps. Not that that matters, because every shopowner can see that, thus there is no chance for Flexkom to ever get started.

Why does Wouter Hol think the larger stores have loyalty programs? Why do airlines have loyalty airlines miles? Wouter Hol is arguing something that is obviously working everywhere. So the reader is looking at your post wondering if you are serious or just joking. It would be like saying why would stores want to give a coupon to discount their merchandize? They would lose that money wouldn't they? How do you guys feel qualified to even comment on FlexKom when you don't understand basic business principals. FlexKom has the customer so the stores want customers. What part of that is so hard for these bloggers to understand. Customers love cash back they love free stuff they love prizes so the system drives the customer to the FlexKom business. Geeeeeeeezzzzz! Did you ever think there are maybe 5 bakers in town. So When FlexKom customers chose their baker it could maybe be the FlexKom baker over the Baker that has no deals. Or the super market that doesn't have a cash back program. Marketing 101 I am tired of this nonsense.

Here in USA AAA has tons of stores that give it's members discounts because there are so many members the corporation gave them a discount. My buddy works for boeing and he has discounts with lots of companies including 15% on his cell phone bill. FlexKom is based on volume discount . I guarantee that in a town if there are 6 pizza parlors 2 join FlexKom those 2 will make more profit than the one that don't join even though they give cash back. Why because we will have the customers and the customers like deals.

I have been working with small retailers for 5 years now. Creating websites and online marketing. Google has done well with it's local program. Smart phone sites have worked for them. But still in USA the yellow book is pretty much over. So now reaching new customers is pretty much all about smart phone marketing. People look on their phones to find what they need locally. FlexKOm is a local solution for small businesses. The fee is in the discount. The business can chose to give 1% back if they like and still reach a lot of people with their message. But if they want to get good response they may want to offer more.

Here is a question that needs to be considered. If I came to your store and I said I would like to buy 1 pizza how much is it? 10 dollars. Ok so I am having a big event and I need 100 pizzas but I would like to get a discount for buying that many. What can I get? Can I get 100 pizzas for 900 dollars? If the store says yes did I just take $100 from the pizza shop? Or did I make the pizza shop $900 less the cost of goods? The guys on this board think I just took the pizza shop for $100 according to their logic. I keep saying we will bring them new customers and help them keep the existing ones. We will increase their volume just like my pizza example. More volume more money in addition we will pay them income from the customers they sign. We eliminate the cost they would incur sending flyers and taking out adds in the paper and other marketing costs.

Speaking of pizza. I am here now in USA and I could use a pizza now. What comes to my mind are the big chains not the small stores. I will be able to search on my phone FlexKom pizza places. And what they offer. I will only find the ones that are close to me so it will be simple. I like the cash back and I like the points towards my prizes. I also like to support the smaller retailer So now I am at least aware of another possible place I can buy the pizza. Now if I buy the pizza from the FlexKom place instead of Dominoes wouldn't that be a great service for the pizza place? I like my Flexmoney I like my rewards so now Dominoes has real competition from Jhonny's Pizza place. Johnny got a new customer that he most likely would never get without FlexKom. If I searched google I may find Johnny's Pizza parlor but why would I pick him over the others?

There are tons of reasons to offer loyalty rewards I found these articles

Loaylty article #1

Loyalty article #2

Loyalty article #1 sba.Gov

The problem with the cards that you get a stamp on or the cards that you clip is most people forget to bring their card and it ends up being a bad experince since the customer will be upset for forgetting the card at home. FlexKom's terminal can read your phone, card or even you finger print. So you never forget your card. It is alos more powerful since it tracks you in multiple places and the reward gets more exciting. I mean how many yogurts will you buy in a year? With FlexKOm everything is tracked and you end up with a prize you care about. A vacation at 5000 points. All of it will not cost you the customer anything it is just a thank you you get for choosing our store. When that Vacation gets sent out it will be sent curtesy the the store that signed you up so the store truly gets the credit for the reward you earn.

FlexKom brings technology, the service, the commissions and the customers It's perfection

Originally Posted by justlogicnohate

A normal person would say you just ripped me off.

Wich is exactly what Flexkom is about to do.

Then you write a nice story about loyalty programs from a consumers point of view. What you did not understand is that I look at Flexkom from a shop owners point of view.

Grab your calculator. We're going to do some math.

Let's take a look at how the money flows within the Flexkom system:
http://www.realscam.com/f8/flexkom-l...html#post61019

As we know, the same amount as that a shop gives discount to the consumer, has to be paid to the Flexkom system.
So, for 2 dollars discount, this is how the two dollars for Flexkom flow:
0.80$ to Flexkom itself
1.20$ to the sales reps, shops, etc. These dollars get distributed this way:

0.24$ commission to the shop who issiued the card
0.24$ commission to the Global Team Member (also referred to as sales rep, licence holder, franchiser, pimp)
0.06$ commission to City Coordinator (bigger pimp)
0.048$ commission to the Team Coordinator (lesser bigger pimp)
0.36$ commission to Diff Pool. Diff is short for difficult. It is difficult to understand where this money ends up. Refer to pictures of the diffrent Ranks one pimp an achive, depending on how many people he/she signes up with Flexkom.
0.18$ commisson to Leaders Pool. These are de pimps among the pimps.
0.072$ commission to World Pool. The bosses of the pimps among the pimps.

I have highlighted one of these. Those are the sales reps being targeted by Flexkom at this moment. One has to pay 2200$ to get started at that position, right?

We can already confirm that the shops as a whole (all the shops/points of Flexkom acceptance) are losing money on this. Only 12% of the total amount paid to Flexkom, is going back to the shops. In other words, for every dollar received as commission by the shops, the shops have to pay 8.3333$

Now for some real math. There are several diffrent ways of calculating this, all of them shows that Flexkom is failing.

Method 1
Let's say that an average sales rep hooks up 5 shops. Each store has 1000 flexkom customers/month. An average discount given is 2 dollars. No strange figures here, right? These are for about the average numbers mentioned on a Flexkom meeting, I would say. Feel free to adjust these numbers at your own descretion.
With these numbers, this is how it's going to turn out.
Each shop has to pay 1000*2=2000$ to Flexkom. But, the shop receives a so called commission of 1000*0.24=240$. That's a loss of 2000-240=1760$ on the commission. And that is only if the shop serves its own customers. If he servers customers of other shops, then he'd be losing 2 grand a month. No surprise there, we'd already found out that shops would lose money on the commissions. Let's look a bit further.
The nett loss per shop per month is 1760$. Each sales rep signs up 5 shops. How much sales reps are there in each country? Lets say that there are 2000 sales reps. That gives us 2000*5*1760$=17600000$ of monthy costs! 17,6 million! Each month! And remind you, of these 17,6 million is 48% for the sales reps, pimps etc. So that means that at least 8.45 million is going to people who do literally nothing. This is the so-calles passive income. I have highlighed at least, because a fair amount of the 40% going to Flexkom, is spend on rental cars and such stuff.

Another method of calculating;
You start off with the projected monthly passive income you'd like to receive. I think that 2 grand each month is a nice start. One can make a living with 2 grand, right?
So, in order to recieve 2 grand each month, the shopowners have to pay Flexkom 2000/0.12=16666.66$. So your income is costing the shops 16.6 grand.

Again, feel free to adjust the numbers to your own descretion.

Now, lets say that Flexkom is this genius concept they pretent it to be. That would mean that any competitor of Flexkom as already an advantage of at least 8.45 million each month according to method 1, if it simply skips all of the passive income bullshit. Remind you; The shops nor Flexkom itself get anything back for all the dollars they give away to the people who expect to make a passive income. They simply pay and get nothing. Or, in your words, they get ripped off.
You can say what you want, but one can purchase quite some nice things for 17,6 million dollars. For instance, an office filled with quality personnel. Personnel with the ability to cope with critisism on the internet, personnel with the ability to give advice to shops, personnel to sell the Flexkom.. whatever it is that Flexkom sells. Flexkom choses to do not, but instead, promises lifetime passive income to people who sign up a shop. So should the technology of Flexkom work out (at this time, there is no prove whatsoever of a working Flexkom system) than a competitor can easily start up a Flexkom like venture and have a tremendous headstart.

I figure you will tell me about certain patents (Flexkom doesn't have any patents, all patents are listed in the public directories of espacenet) or other arguments why there will not be any competitors of Flexkom. Should you be thinking that, then you'd be wrong. If an idea works out, it gets copied. One way or another. Don't worry about that. First thing for you to worry about, is all the technology Flexkom pretents to have but is unable to show. The app, for instance, is hilarious. It took months afther the initial release for it to even get properly installed and working. And what functions does it carry? VOIP? A Google map with some dots on it? The ability to generate a QR code? And the POS is simply a cheap tablet. No special techonoly whatsoever.

Anyways, more important than that, Flexkom thinks that all the shop owners are willing to pay millions and millions of dollars each month for their system. Nuts.

FlexKom brings [...] the commissions [...]

Well, as you've just witnessed, the shops bring in the commisions. Flexkom is not.

Originally Posted by Wouter Hol

Wich is exactly what Flexkom is about to do.

Then you write a nice story about loyalty programs from a consumers point of view. What you did not understand is that I look at Flexkom from a shop owners point of view.

Grab your calculator. We're going to do some math.

Let's take a look at how the money flows within the Flexkom system:
http://www.realscam.com/f8/flexkom-l...html#post61019

As we know, the same amount as that a shop gives discount to the consumer, has to be paid to the Flexkom system.
So, for 2 dollars discount, this is how the two dollars for Flexkom flow:
0.80$ to Flexkom itself
1.20$ to the sales reps, shops, etc. These dollars get distributed this way:

0.24$ commission to the shop who issiued the card
0.24$ commission to the Global Team Member (also referred to as sales rep, licence holder, franchiser, pimp)
0.06$ commission to City Coordinator (bigger pimp)
0.048$ commission to the Team Coordinator (lesser bigger pimp)
0.36$ commission to Diff Pool. Diff is short for difficult. It is difficult to understand where this money ends up. Refer to pictures of the diffrent Ranks one pimp an achive, depending on how many people he/she signes up with Flexkom.
0.18$ commisson to Leaders Pool. These are de pimps among the pimps.
0.072$ commission to World Pool. The bosses of the pimps among the pimps.

I have highlighted one of these. Those are the sales reps being targeted by Flexkom at this moment. One has to pay 2200$ to get started at that position, right?

We can already confirm that the shops as a whole (all the shops/points of Flexkom acceptance) are losing money on this. Only 12% of the total amount paid to Flexkom, is going back to the shops. In other words, for every dollar received as commission by the shops, the shops have to pay 8.3333$

Now for some real math. There are several diffrent ways of calculating this, all of them shows that Flexkom is failing.

Method 1
Let's say that an average sales rep hooks up 5 shops. Each store has 1000 flexkom customers/month. An average discount given is 2 dollars. No strange figures here, right? These are for about the average numbers mentioned on a Flexkom meeting, I would say. Feel free to adjust these numbers at your own descretion.
With these numbers, this is how it's going to turn out.
Each shop has to pay 1000*2=2000$ to Flexkom. But, the shop receives a so called commission of 1000*0.24=240$. That's a loss of 2000-240=1760$ on the commission. And that is only if the shop serves its own customers. If he servers customers of other shops, then he'd be losing 2 grand a month. No surprise there, we'd already found out that shops would lose money on the commissions. Let's look a bit further.
The nett loss per shop per month is 1760$. Each sales rep signs up 5 shops. How much sales reps are there in each country? Lets say that there are 2000 sales reps. That gives us 2000*5*1760$=17600000$ of monthy costs! 17,6 million! Each month! And remind you, of these 17,6 million is 48% for the sales reps, pimps etc. So that means that at least 8.45 million is going to people who do literally nothing. This is the so-calles passive income. I have highlighed at least, because a fair amount of the 40% going to Flexkom, is spend on rental cars and such stuff.

Another method of calculating;
You start off with the projected monthly passive income you'd like to receive. I think that 2 grand each month is a nice start. One can make a living with 2 grand, right?
So, in order to recieve 2 grand each month, the shopowners have to pay Flexkom 2000/0.12=16666.66$. So your income is costing the shops 16.6 grand.

Again, feel free to adjust the numbers to your own descretion.

Now, lets say that Flexkom is this genius concept they pretent it to be. That would mean that any competitor of Flexkom as already an advantage of at least 8.45 million each month according to method 1, if it simply skips all of the passive income bullshit. Remind you; The shops nor Flexkom itself get anything back for all the dollars they give away to the people who expect to make a passive income. They simply pay and get nothing. Or, in your words, they get ripped off.
You can say what you want, but one can purchase quite some nice things for 17,6 million dollars. For instance, an office filled with quality personnel. Personnel with the ability to cope with critisism on the internet, personnel with the ability to give advice to shops, personnel to sell the Flexkom.. whatever it is that Flexkom sells. Flexkom choses to do not, but instead, promises lifetime passive income to people who sign up a shop. So should the technology of Flexkom work out (at this time, there is no prove whatsoever of a working Flexkom system) than a competitor can easily start up a Flexkom like venture and have a tremendous headstart.

I figure you will tell me about certain patents (Flexkom doesn't have any patents, all patents are listed in the public directories of espacenet) or other arguments why there will not be any competitors of Flexkom. Should you be thinking that, then you'd be wrong. If an idea works out, it gets copied. One way or another. Don't worry about that. First thing for you to worry about, is all the technology Flexkom pretents to have but is unable to show. The app, for instance, is hilarious. It took months afther the initial release for it to even get properly installed and working. And what functions does it carry? VOIP? A Google map with some dots on it? The ability to generate a QR code? And the POS is simply a cheap tablet. No special techonoly whatsoever.

Anyways, more important than that, Flexkom thinks that all the shop owners are willing to pay millions and millions of dollars each month for their system. Nuts.


Well, as you've just witnessed, the shops bring in the commisions. Flexkom is not.

Please reader this is math on a bunch of BS. First of all the math is not considering that the shop owner is already spending on marketing. And it is saying that they shouldn't have a marketing expense. It is also saying that there is no increase in revenue for the shop owner. If FlexKom didn't increase the revenue for the shop owner our system would be value less. And it would then mean the shop owner wouldn't use it. I keep trying to help these bloggers understand how we operate but they don't understand it anyway. The shop owner decides when and how much he gives. It can be $.20 if he choses. On one item if he choses. He can lure the customer with a cash back on one item and then get sales on other items at full price.

The shop owner gives away apps. Lets say he has 25 customers an hour. He offers the customer the loyalty app and an initial cash back for signing up. at 25 customers a day he has 7500 a month. The first month he has 25% join and next month the same. The total customers for a total 3575 customers. He has a standard cash back of say 2% on all items his choice but lets say all FlexKom members (customers) get that. He scraps his old clip card loyalty system where if you buy 6 you get 7th free which was equal to the 2% cash back (which in reality is 4%) Keep in mind that on the back end he is also earning income from the 3575 customers he has signed up when they are shopping in other stores. We have shops in Turkey that are earning more than $1000 a month (the income will depend on how much the cards are used and how many customers the shop owner signs up. and Turkey has an average income of $300 per person. And spend on average $87 a month on their credit card in USA that average is $3500 average income and we spend an Average of $467 on our Visa cards. So here in USA we are expecting higher averages for the shop owners. The shop owner has paid $500 for the terminal. He now has a direct relationship with those customers. These are customers that could chose a competitor at any point. Lets say it's a Sushi place. Monday Tuesday Wednesday his restaurant runs 50% full it's down 35% from the rest of the week. So during those days he runs at break even capacity. These are walk ins and regulars. They could go to any sushi place. Monday Wed Tues are his days where he tries to get more business going. Maybe he will have entertainment Monday night to try to bring a crowd. He pays the band $200 and hopes it will pay for itself but most times it doesn't so he has to eat the loss.

So our FlexKom total customer count has increase through our shops and is now at 500,000 strong locally (this is just an example). We have only been able to get 4 Sushi places to participate out 25. But Monday day our Restaurant owner is at the Fish market and there is amazing Sea Bass there our Restaurant owner takes his Phone and records a Video with a message to his customers Today I am Making a special with this amazing SEA bass IF you come in today He shows what special looks like he can even film while he makes the item. "I will give you 3 flexmoney if you order this special and come in today. Right away 3575 people will get his message on their phone and only if they are in town this is the only store that can reach them that way all other stores on our system can only reach them if they are requesting it. How much did it cost him to reach that many people with the message? Nothing. How much will he spend on this promotion? it depends on how many show up. How much would a flyer place charge to send out 3575 flyers? Each flyer cost maybe $1 to print and you would have less people who read it compared to a video text message.

What about google? How much does it cost a business to reach a customer on google? If you are familiar of Pay Per Click you would know that it's almost like an auction for views. It could cost $10 per click or more just to get one view of your website. So the big post above with all the fancy math is not even dealing with how much a store would spend to reach customers in other ways.

Moving on....In addition to reaching the 3575 as a text message he personally signed up he is also reaching the people in the 500,000 group who wanted to find out about food specials that day. So for example he now has his walk ins and what not who would be there anyway. He also gets the people who come in for the deal. They buy the special and get their Flexmoney and they may bring a friend who wants something else on the menu. They have some Sake and Beer. The bill comes out to $50 and the restaurant owner pays out $6 so the take is $46 He has increased the customer count by 20%. At the end of the night he looks to see how much did it cost him to run the promotion. He can track each sale and how much they spent he knows his alcohol and food cost. He checks his back office to see how many of his customers where paid by other stores and how much money he made in commission outside the store. He checks how much more revenue he had in his store. Cost versus sales. What his Monday looked like before the promotion. He then determines if the promotion was successful or if he needs to adjust for next Monday.

The customer decision could be something like "honey where did we want to take mom for dinner tonight? Not sure but Sushi mon has a cool sea bass special on FlexKOm looks good do you want sushi tonight? Yeah that could work?

The store is not forced to give any deals at all they will manage the system they way they see fit. The amount he offers is up to them we charge matching of what they give back. Part of that goes to the rewards we pay for and send to the customer. These are really attractive prizes Flat screen TV at 1000 points. Vacation at 5000 points Louis Vitton Luggage etc. and much more. Of course it takes time to earn those rewards but people will over time earn them. When those gifts are sent to the customer they are sent on behalf of the store that signed them up. So instead of a free meal or coffee they are giving TV's and vacations. This will make that store a hero to that customer.

As our network expands our customers will have more opportunities to use their cards/apps and the average cash back paid will increase per card, so our shop owner who have out 3575 cards if the average cash back reaches 10 Flexmoney a month it would generate over $4,000 a month to that store. This is unrelated to how much discount the store gives when it runs their promotions.

These bloggers keep saying the money will come from the stores and we keep saying the money comes from an increase in volume as our stores our network will thrive from our system. The stores that do not have the system in place will lose customers to the stores that have our system. a lot of those stores will be the national chains who before had the advantage of being bigger. They could run TV ads and other ads. spending millions in advertisement increasing their reach keeping themselves in the customers mind all the time. With FlexKom the smaller retailer can use the power of the network of small businesses to get that same leverage. Of course there is a cost to do that but not more than other methods they could use that really doesn't work that well. If the small business community doesn't find away to use m-commerce technology many of them will be long gone as we can currently see. We are losing our small shops to e-commrce and bigger chains.

Our access points will be recruiting proactively to the FlexKom system and we will have all the customers on FlexKOm since having an app on a phone is very easy for the customer to do. Getting marketing from one store is no big deal and then allowing marketing from the stores the customer is interested in is just good service. FlexKom knows it's customers so a Male will never get marketing for a female. We are giving the customer what the customer wants so they will favor the participating stores. So in turn our stores will do better. If you can get cash back and you can earn rewards wouldn't you chose the place that is giving it instead of the place that is not? Air line miles. Once one Airline started it all the others had to follow suit or they would have been out of business by now. It is called loyalty. I always try to fly american Airlines because I have the most points on that Airline. Same here but we have no competition. We are a blue Ocean business. "I will try to shop on FlexKom because I am working on getting the vacation for next year." Is your store going to give me a vacation? No? ok I will go across the street then.

So all that nonsense up above comes from a person who is ignorant to what we do. He has no clue how the real world FlexKom operates and yes I say real world. We are currently operating in Turkey and yes it has not been without problems. BUt those are problems that can happen to any start up. Business is about problem solving. Every rep that signed up in Turkey owns a FlexKom Franchise and is allowed to sell our system to any shop they chose. If they are inactive it is their decision not ours.

If they lack sales skills they shouldn't have signed up. It is obvious FlexKom is a service that businesses will buy or we would not have the network of businesses we already have in Turkey and they wouldn't be giving discounts unless they saw that it worked for them. The terminal would be unused. But people keep walking in with cards and asking if they can use it.

What is really backwards with the above post is how much effort the blogger has put trying to convince you that the FlexKom system will hurt the business not that the technology isn't there. Not that we are just lying about having the system. The blogger is contesting wether the technology will benefit the business. And doing a poor job at that sincethe blogger doesn't yet understand how we operate. At first when I got on this board it was all about that FlexKom was a big lie and big scam. Now I am responding to the actual value of the system. So we are drifting towards an new objection and that seems to be how the business owner is going to lose money working with us. And now I have responded to that argument showing you the reader that the business sets it's own parameters on how much they offer back. It is entirely up to them so if they know their numbers wouldn't it be apparent that they can manage their own campaign and would see right away how it works.

The big questions is: Where is the money coming from? Where the money should come from. It comes from the customers spending with them instead of the competitors.

Originally Posted by justlogicnohate

Please reader this is math on a bunch of BS. First of all the math is not considering that the shop owner is already spending on marketing.

You clearly missed the point that I made. My point is that, with the Flexkom system, millions of dollars are spent on people who do not add any value to Flexkom and/or the shops. All these sales reps expect to receive thousands of dollars of passive income every month in return of their one time sign up of a couple of stores.

But, don't worry. The shops have already figured this out. As you stated, a shop can chose how much discount he's going to give. This is how things will work out when Flexkom eventually does have a system wich would create extra customers:

The shop puts out an advert on the Flexkom system. BUY NOW and get 10$ discount! As we know, giving 10$ discount on the Flexkom system would mean that the shop is paying 20$ to Flexkom; 10$ to the customer, 10$ to fund the piramid scheme. Here's the trick; When customers want to check out at the shop, the shopowner tells them; if we skip the Flexkom card/app, you get 12$ discount! Of course, every customer will chose to skip Flexkom thingy because then he gets an additional 2$ discount. Even better, he keeps the discount in real dollars/euro's in his wallet, in stead of getting playmoney (the so called FlexMoney) on his imaginary Flexkom bankaccount. On top of that, the shopowner has saved 8$ that he did not have to give to Flexkom! Problem solved.

Oh yeah.. the sales rep gets nothing in this whole story. But who cares?

Originally Posted by Wouter Hol

Here's the trick; When customers want to check out at the shop, the shopowner tells them; if we skip the Flexkom card/app, you get 12$ discount! Of course, every customer will chose to skip Flexkom thingy because then he gets an additional 2$ discount. Even better, he keeps the discount in real dollars/euro's in his wallet, in stead of getting playmoney (the so called FlexMoney) on his imaginary Flexkom bankaccount. On top of that, the shopowner has saved 8$ that he did not have to give to Flexkom! Problem solved.

This is called "arbitrage". In economic theory, it is the reason why any genuine high-yield opportunity will always be unstable. See the 3rd paragraph of Get-rich-quick scheme - Wikipedia, the free encyclopedia

I had a friend who signed up to FlexKom. He was interested in me signing up, although that was never going to happen. Before he had even mentioned their name, he had said that they were going to be as big as Facebook, Microsoft or Google. Hmm, you really think so? I've worked at a number of technology startups, of varying success, including lastminute.com. These things take a lot of "making go right".

Anyway, being concerned for my friend, I decided to take a closer look. One of the areas I looked into was FlexKom's claims of credentials.

One of these is the "accreditation" from EBCON.
Here are 2 example accreditation certificates from EBCON. (Play "spot the difference" and see if you can see the spelling mistake :-)
https://fbcdn-sphotos-f-a.akamaihd.n...39422743_n.jpg
http://www.flexkomleaders.org/upload...68283_orig.jpg

Ok, so what is EBCON?
It's confusing because there are 2 EBCON organisations. They are
#1 - EBCON Europäische Verbraucherberatung ::: Unabhängig Objektiv Kompetent
#2 - Startseite - EBCON - Economy Banking Consulting - European Business Club

EBCON #1 is the organisation of which Stefan Kletsch is the president:
EBCON Europäische Verbraucherberatung ::: Unabhängig Objektiv Kompetent

There is an EBCON which is a Swiss company which went into liquidation in 2007, and was finally dissolved in 2009.
EBCON Europäische Verbraucher Beratung AG, Zürich - trade register data and business information

Which EBCON is this?

On the home page of EBCON #1, they have a big red warning popup. I had that text translated by a professional translator (cost about $12)
================================================== ===============
WARNING * WARNING
Important note.

We set value on integrity and ethics within our organization and we fight against companies that try to use the good reputation of our organization for their unfair business.

The EBCON European Consumer Counseling is an internationally active non-governmental organized consumer counseling institution for end-consumers and a service forum for companies and consultants in the legal form of an association under Swiss law

and

HAS NOTHING TO DO

with EBCON Europäische Verbraucher Beratung AG, that is in liquidation since 2007, a corporation for advising companies, authorities, other institutions and private households in financial and insurance services.

================================================== ===============

The key is in the original text, there are 2 organisations mentioned:
1 - EBCON Europäische Verbraucherberatung
2 - EBCON Europäische Verbraucher Beratung AG

See how similar their names are?

The translator has translated the 1st organisation as European Consumer Counseling (ECC)
and left the 2nd un-translated as a proper name.

BUT WHAT'S THIS? When I emailed Stefan Kletsch about FlexKom, his reply CAME FROM EBCON #2, NOT EBCON #1 (office@ebcon-club.eu)

So are they 2 different organisations or not? Is it a dissolved private Swiss company or not? WHO ARE THEY?
More in the next post ....

Originally Posted by Stewart

This is called "arbitrage". In economic theory, it is the reason why any genuine high-yield opportunity will always be unstable. See the 3rd paragraph of Get-rich-quick scheme - Wikipedia, the free encyclopedia

I am not sure if bypassing the Flexkom fee qualifies as arbitrage. But when we look at Flexkom from an international point of view, there is a very nice arbitrage opportunity. Flexkom uses its own currency, called Flexmoney (FM). Flexkom has decided that 1 Flexmoney equals 1 of the given local currency. So 1$ = 1 FM. But also 1 € = 1FM. Or 1£=1FM.

No need to explain that this gives very nice arbitrage exploits. Buy FM with dollars and instantly sell them.for £. Flexkom will go bankrupt within seconds while you make millions.

Originally Posted by justlogicnohate

FlexKom brings technology, the service, the commissions and the customers It's perfection

The only thing Flexkom has brought at this point is a recruiting scheme and promises of rainbows for the masses.

While I am sure everyone here is impressed and appreciative with your Marketing 101 lesson, not one single poster questioned the "discount model" for retailers. What I see everyone questioning is the "MODEL" Flexkom is using for its so far lackluster roll out. You have been asked plenty of questions about Flexkom and the people behind it, almost all of which you have chosen to ignore. How about answer the tough stuff, and stop with the Strawman Diatribes.

Here are a few more. flexkomfraud - IAN DR0SCOLL (Ian Driscoll, remember when Banners Broker was going to cause Google to tap out.)

Here are a few more faves.. https://www.facebook.com/pages/Flexk...53709781338460

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And this, Flexkom faalt in Turkije – Wouter Hol

Of course I think this was some big conspiracy theory:

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This is promising, when 1000 distributors have a complaint, FIGHT THEM IN COURT. Thats how quality companies do business.

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Originally Posted by ribshaw

The only thing Flexkom has brought at this point is a recruiting scheme and promises of rainbows for the masses.

While I am sure everyone here is impressed and appreciative with your Marketing 101 lesson, not one single poster questioned the "discount model" for retailers. What I see everyone questioning is the "MODEL" Flexkom is using for its so far lackluster roll out. You have been asked plenty of questions about Flexkom and the people behind it, almost all of which you have chosen to ignore. How about answer the tough stuff, and stop with the Strawman Diatribes.

Here are a few more. flexkomfraud - IAN DR0SCOLL (Ian Driscoll, remember when Banners Broker was going to cause Google to tap out.)

Here are a few more faves.. https://www.facebook.com/pages/Flexk...53709781338460

1.JPG
2.JPG

And this, Flexkom faalt in Turkije – Wouter Hol

Of course I think this was some big conspiracy theory:

3.jpg

This is promising, when 1000 distributors have a complaint, FIGHT THEM IN COURT. Thats how quality companies do business.

4.JPG

This Blogger is posting a Turkish Lawsuit he can't read and hasn't attempted to translate. He is also posting a excerpt from a Facebook page he hasn't verified. As I have stated before we have had troubles in Turkey and we did have a faulty terminal. Most of this is from the terminal being faulty and from a well organized plan to stop FlexKom as an extortion move. So the lawsuits are all from these situations and will be handled in court.

The News paper Zaman Daily is connected to the Fettulah movement and is behind the lawsuits. We will be defending our company against those people to the end.

Seems like Ian Driscoll was involved with Banners Brokers as a rep. I don't think he has been sued for that.

Originally Posted by justlogicnohate

This Blogger is posting a Turkish Lawsuit he can't read and hasn't attempted to translate.

You know this how??????

Originally Posted by justlogicnohate

He is also posting a excerpt from a Facebook page he hasn't verified.

You have been given AMPLE opportunity to straighten all of us dumb bloggers out. But this is we get...

Originally Posted by justlogicnohate

As I have stated before we have had troubles in Turkey and we did have a faulty terminal. Most of this is from the terminal being faulty and from a well organized plan to stop FlexKom as an extortion move. So the lawsuits are all from these situations and will be handled in court.

The News paper Zaman Daily is connected to the Fettulah movement and is behind the lawsuits. We will be defending our company against those people to the end.

So its YOUR COMPANY??? Freudian slip perhaps????

So let me get this straight, FLEXKOM put out a FAULTY TERMINAL and 1000 Representatives had to take Flexkom to court? That is what you are going with? LOL

Originally Posted by justlogicnohate

Seems like Ian Driscoll was involved with Banners Brokers as a rep. I don't think he has been sued for that.

Ian Driscoll does one thing RECRUIT people into questionable programs. I asked you about him earlier when you showed up to defend Flexkon and as they say crickets. I see you are doing it once again. There is a great thread here on Banners Broker for those who do not know the type of people who get involved in these "opportunities".
http://www.realscam.com/f8/banners-b...onzi-scam-897/ This was started 10/21/2011 by SoapBoxMom if anyone wants to see how far ahead the curve some of the "bloggers" at Realscam.com are. You can fast forward to today where no one has been paid in 9 months, millions of dollars GONE, and people like Ian Driscoll saying "yeah, but there is a peach of a deal over here".

Originally Posted by justlogicnohate

So the attorney has a understanding of network marketing. Maybe that would be a good to use attorney when analyzing the compensation plan?

But These bloggers of course know better.

Know better than the bullshit you keep putting forth has validation of your recruiting scheme. Yes, Yes we do. All you have done is showed up and given us a few hypothetical situations, an unfounded conspiracy theory and some meaningless social proof. And every time you get caught, its bash the blogger. Sorry we don't shake our heads up and down like all the folks at the Ramada Inn looking to strike it rich.

Originally Posted by justlogicnohate

This Blogger is posting a Turkish Lawsuit he can't read and hasn't attempted to translate. He is also posting a excerpt from a Facebook page he hasn't verified. As I have stated before we have had troubles in Turkey and we did have a faulty terminal. Most of this is from the terminal being faulty and from a well organized plan to stop FlexKom as an extortion move. So the lawsuits are all from these situations and will be handled in court.

The News paper Zaman Daily is connected to the Fettulah movement and is behind the lawsuits. We will be defending our company against those people to the end.

Seems like Ian Driscoll was involved with Banners Brokers as a rep. I don't think he has been sued for that.

HA HA, I think you are a mentally a little bit unbalanced? Can you really only write complete nonsense?

Remember all FAKE awards and 'post stamps': 1) "Most innovative... by Ehliz friend Berns Seitz (!!!), 2) The Ebcon stamp, 3) The BDS Stamp and 4) even an 'Award of Excellence; given by an own Flexkom licenceholder of Trinidad & Tobacco -> see the FB page of FK International;)

It is hilarious! You are not serious. Where are you living; somewhere in a fata morgana?

Remember how all fairy tales are ending........
AND THEN COMES AN ELEPHANT WITH A LONG SNOUT AND BLEW THE STORY OUT!

Originally Posted by Integro

HA HA, I think you are a mentally a little bit unbalanced? Can you really only write complete nonsense?

Remember all FAKE awards and 'post stamps': 1) "Most innovative... by Ehliz friend Berns Seitz (!!!), 2) The Ebcon stamp, 3) The BDS Stamp and 4) even an 'Award of Excellence; given by an own Flexkom licenceholder of Trinidad & Tobacco -> see the FB page of FK International;)

It is hilarious! You are not serious. Where are you living; somewhere in a fata morgana?

Remember how all fairy tales are ending........
AND THEN COMES AN ELEPHANT WITH A LONG SNOUT AND BLEW THE STORY OUT!

Originally Posted by Wouter Hol

Let's say that you have 10 dollars. You give those 10 dollars to me. Then I give you back 2 dollars. A normal person would say he'd just made a loss of 8 dollars. But a Flexkom person would explain this as a profit of 2 dollars.

A normal person would say you just ripped me off.

Originally Posted by Wouter Hol

The commisions that justlogicnohate is talking about are being paid entirely by shops such as the baker, the petrol station and the car wash. Flexkom people are generally unable to understand that their system is causing massive unnecessary loss to the shops, because of the commisions that a shop has to pay to other shops and, more important, to the Flexkom licenceholders/franchisers/agents/pimps. Not that that matters, because every shopowner can see that, thus there is no chance for Flexkom to ever get started.

Why does Wouter Hol think the larger stores have loyalty programs? Why do airlines have loyalty airlines miles? Wouter Hol is arguing something that is obviously working everywhere. So the reader is looking at your post wondering if you are serious or just joking. It would be like saying why would stores want to give a coupon to discount their merchandize? They would lose that money wouldn't they? How do you guys feel qualified to even comment on FlexKom when you don't understand basic business principals. FlexKom has the customer so the stores want customers. What part of that is so hard for these bloggers to understand. Customers love cash back they love free stuff they love prizes so the system drives the customer to the FlexKom business. Geeeeeeeezzzzz! Did you ever think there are maybe 5 bakers in town. So When FlexKom customers chose their baker it could maybe be the FlexKom baker over the Baker that has no deals. Or the super market that doesn't have a cash back program. Marketing 101 I am tired of this nonsense.

Here in USA AAA has tons of stores that give it's members discounts because there are so many members the corporation gave them a discount. My buddy works for boeing and he has discounts with lots of companies including 15% on his cell phone bill. FlexKom is based on volume discount . I guarantee that in a town if there are 6 pizza parlors 2 join FlexKom those 2 will make more profit than the one that don't join even though they give cash back. Why because we will have the customers and the customers like deals.

I have been working with small retailers for 5 years now. Creating websites and online marketing. Google has done well with it's local program. Smart phone sites have worked for them. But still in USA the yellow book is pretty much over. So now reaching new customers is pretty much all about smart phone marketing. People look on their phones to find what they need locally. FlexKOm is a local solution for small businesses. The fee is in the discount. The business can chose to give 1% back if they like and still reach a lot of people with their message. But if they want to get good response they may want to offer more.

Here is a question that needs to be considered. If I came to your store and I said I would like to buy 1 pizza how much is it? 10 dollars. Ok so I am having a big event and I need 100 pizzas but I would like to get a discount for buying that many. What can I get? Can I get 100 pizzas for 900 dollars? If the store says yes did I just take $100 from the pizza shop? Or did I make the pizza shop $900 less the cost of goods? The guys on this board think I just took the pizza shop for $100 according to their logic. I keep saying we will bring them new customers and help them keep the existing ones. We will increase their volume just like my pizza example. More volume more money in addition we will pay them income from the customers they sign. We eliminate the cost they would incur sending flyers and taking out adds in the paper and other marketing costs.

Speaking of pizza. I am here now in USA and I could use a pizza now. What comes to my mind are the big chains not the small stores. I will be able to search on my phone FlexKom pizza places. And what they offer. I will only find the ones that are close to me so it will be simple. I like the cash back and I like the points towards my prizes. I also like to support the smaller retailer So now I am at least aware of another possible place I can buy the pizza. Now if I buy the pizza from the FlexKom place instead of Dominoes wouldn't that be a great service for the pizza place? I like my Flexmoney I like my rewards so now Dominoes has real competition from Jhonny's Pizza place. Johnny got a new customer that he most likely would never get without FlexKom. If I searched google I may find Johnny's Pizza parlor but why would I pick him over the others?

There are tons of reasons to offer loyalty rewards I found these articles

Loaylty article #1

Loyalty article #2

Loyalty article #1 sba.Gov

The problem with the cards that you get a stamp on or the cards that you clip is most people forget to bring their card and it ends up being a bad experince since the customer will be upset for forgetting the card at home. FlexKom's terminal can read your phone, card or even you finger print. So you never forget your card. It is alos more powerful since it tracks you in multiple places and the reward gets more exciting. I mean how many yogurts will you buy in a year? With FlexKOm everything is tracked and you end up with a prize you care about. A vacation at 5000 points. All of it will not cost you the customer anything it is just a thank you you get for choosing our store. When that Vacation gets sent out it will be sent curtesy the the store that signed you up so the store truly gets the credit for the reward you earn.

FlexKom brings technology, the service, the commissions and the customers It's perfection