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

Flexkom asks retailers to buy a license. There are only so many of these licenses available within a set perimeter. The retailer pays heavily for a terminal, POS and Flexkom cards that the retailer can give out (or charge for) so that those same customers can spend in other shops within the same perimeter in order to obtain a discount.
The discount can be anything the retailer chooses.
For instance. In this 'perimeter' there maybe a baker, a hairdresser and a butcher who all belong to Flexkom.
They all give out cards to there customers, who in turn visit the baker/hairdresser/butcher for a discount.

So the retailers are joining Flexkom in order to give each other a discount for purchases the customer would already make.
Local people will always shop locally and spend a percentage locally.
The ATV on these purchases will be low.

The retailers concerned would all be independent traders on very low margins. (Major store chains won't touch Flexkom. There profit margins are low enough already).
And when the retailers run out of cards, they have to purchase more.

Flexkom then take a percentage of the profits in a really complicated mathmatical equation. ( I'll post that later)

They are playing on Retailers fears that the Internet will put them out of business. It features heavily in there advertising. But giving all your hard earned profits away to Flexkom in the hope that someone will buy a loaf of bread from the bakers and give you a mere fraction back of what you have already spent is surely not the most sensible way to do this.

Originally Posted by HARRISON

Flexkom asks retailers to buy a license.

no they dont

Originally Posted by HARRISON

There are only so many of these licenses available within a set perimeter.

So this blogger still doesn't understand how it works,

Originally Posted by HARRISON

The retailer pays heavily for a terminal, POS and Flexkom cards

in USA it's $500 for terminal apps are free.

Originally Posted by HARRISON

that the retailer can give out (or charge for) so that those same customers can spend in other shops within the same perimeter in order to obtain a discount.

True! But what does the perimeter mean?
The discount can be anything the retailer chooses.

Originally Posted by HARRISON

For instance. In this 'perimeter' there maybe a baker, a hairdresser and a butcher who all belong to Flexkom.
They all give out cards to there customers, who in turn visit the baker/hairdresser/butcher for a discount.

Missing a BIG point here. Not only each others customers. Not all businesses will be part of FlexKom but huge amount of customers will so there will be a inflow of new customers the business has not seen before. we don't live in a box.

Originally Posted by HARRISON

So the retailers are joining Flexkom in order to give each other a discount for purchases the customer would already make.
Local people will always shop locally and spend a percentage locally.
The ATV on these purchases will be low.

This is just stupid! Then non of these business would need to do any marketing or sales. This blogger is just stupid.

Originally Posted by HARRISON

The retailers concerned would all be independent traders on very low margins. (Major store chains won't touch Flexkom. There profit margins are low enough already).
And when the retailers run out of cards, they have to purchase more.

If they run out of cards it would then be apperant they are making good money from the cards the y gave out and they would be eager to buy more.
FlexKOm does not want to large stores they are focused on the small retailers.

Originally Posted by HARRISON

Flexkom then take a percentage of the profits in a really complicated mathematical equation. ( I'll post that later)

LOL complicated for this blogger exactly. And that pretty much hits the nail on the head. It is simply to complicated for this blogger to understand.

[QUOTE=HARRISON;60768 They are playing on Retailers fears that the Internet will put them out of business. It features heavily in there advertising. But giving all your hard earned profits away to Flexkom in the hope that someone will buy a loaf of bread from the bakers and give you a mere fraction back of what you have already spent is surely not the most sensible way to do this.[/QUOTE]

So now FlexKom will be also scamming the retailers as this blogger is concerned that FlexKOm is playing on the retailers fears and not trying to scam the franchise buyers. So which is it. Are they trying to scam the people buying the license or are they trying to scam the retailers? So seems like this blogger simply doesn't believe the model more than thinking it's a scam. And that is fair enough time will tell.

Originally Posted by justlogicnohate

no they dont

So this blogger still doesn't understand how it works,


in USA it's $500 for terminal apps are free.

True! But what does the perimeter mean?
The discount can be anything the retailer chooses.


Missing a BIG point here. Not only each others customers. Not all businesses will be part of FlexKom but huge amount of customers will so there will be a inflow of new customers the business has not seen before. we don't live in a box.



This is just stupid! Then non of these business would need to do any marketing or sales. This blogger is just stupid.


If they run out of cards it would then be apperant they are making good money from the cards the y gave out and they would be eager to buy more.
FlexKOm does not want to large stores they are focused on the small retailers.

LOL complicated for this blogger exactly. And that pretty much hits the nail on the head. It is simply to complicated for this blogger to understand.



So now FlexKom will be also scamming the retailers as this blogger is concerned that FlexKOm is playing on the retailers fears and not trying to scam the franchise buyers. So which is it. Are they trying to scam the people buying the license or are they trying to scam the retailers? So seems like this blogger simply doesn't believe the model more than thinking it's a scam. And that is fair enough time will tell.

Really not impressed with you calling me 'stupid' JUSTLOGICNOHATE. Not a smart move.
For your information, MY information came from this email alongside lots of lovely brochures that I had put to one side. They are now at the top of my 'to do' list.


Good evening ****
Its ok, i'm not in the business of selling. It would just have been easier/quicker for me to tell you over the phone.

To answer your questions: (I have attached three pdfs which will answer all your questions)

Flexkom is a multi phase, multi concept business. E.N.D.F MODEL - E. Commerce. Franchise, Networking, Direct Sales. We are currently at the Networking phase. Let me explain..


1. Retail Licences are not for sale yet. We are currently building the Network in preparation for retail launch. (Networking)

Currently we are only offering Global Franchise Licences which cost €1269 until 1st May. These allow the holder to build a sub network and this system helps build the network quickly. This process helped Flexkom gain 30,000 partners & three million customers in under two years. Several thousand have been bought in the UK so far.

After launch a Global Franchise Licence holder can offer terminals to retailers at a cost to the retailer of €350 (Direct Sales)

Once the network is build there will be no further opportunity to increase the size of your network.

I have attached a pdf which will help explain it better.

2. Individual stops will need individual terminals. Shops will become Franchise Partners (Franchising) Terminals will replace a retailers need for leafleting/newspaper adverts etc. Retailers will be able to communicate with customers instantly through the terminal via GPS. This is a huge benefit for retailers.

3. Retailers will get cards which can be branded to your store. They will cost approx £1.80 but will have £2 on them in "Flexmoney" Experience in Turkey showed that if retailers pay for each card they had a higher usage rate. You could charge customers £1/£2 for them if you chose to. Once you register a customer they can not register with someone else which is very important.

4. A customer can use flex money and sterling to buy something yes. 1 x Flex money will be equal to £1.

Retailers can decide on their own "discount" based on the products or even day of the week. Retailers will give the card holder an amount of Flexkom money on their card/ap at point of sale. eg: If you give £2 to the card holder you are in effect giving £4 as a further £2 will go to the card issuer/global Franchisee/Regional Co-Ordinator/Flexkom.

The more cards/apps a retailer can get in circulation the more he she can make. The card holder will be eating in restaurants, shopping online etc and making the card issuer and income 24/7 (E-commerce)

NEXT STEP

The next step for you would be, in my opinion, to buy a full franchise licence and take advantage of this side of the business while you can. This will cost €1269 but means that when you do install terminals you will earn more from the cards. The retailers share plus the Global Franchisees share. Further income streams for your own premises.

Experience in Turkey has also shown that retailers are very good at introducing other retailers and you could easily introduce six retailers and earn from them too! To register I would need your name, address, dob, email & postcode.

I am on the phone as I said and will be happy to answer any further questions. I am personally helping over two hundred Franchisees at the moment so if I do miss your call I will call you back.


Kind regards,

Brian.

Brian McGinty
brian@flexkom.com
07511 650 427


Is Brians information FALSE then NOHATEJUSTLOGIC?

As for the 'mathmatical equasion', I am not to stupid to understand it NOHATEJUSTLOGIC. But I defy anybody not to be confused by this disection of funds:

Out of £1:
40p goes to CARS/CHARITY/PROFIT.
60p left to 'customers'.
Of this 60p:
20% (12p) Global Shops
20% (12p) Shop open.
5% (3p) City co-ordinator
4% (2.4p) Team co-ordinator
30% (18p) Disiff bonus
15% (9p) Leaders Bonus
6% (3.6p) World Pool

As you seem to be so knowledgeable NOHATEJUSTLOGIC, perhaps you could enlighten us as to what all these breakdowns mean?

And I would be interested to know at what tier you have joined at?
E-biz Kit @ 149 EUROS?
Junior Team @399 EUROS member?
Business Team member @799 EUROS?
or have you gone for the super deluxe GLOBAL TEAM MEMBER @ 1490 EUROS?

[QUOTE=justlogicnohate;60961]no they dont

flex1.jpg

Oh no they don't? Oh yes they do!

[quote=harrison;61020]

Originally Posted by justlogicnohate

no they dont

flex1.jpg

oh no they don't? Oh yes they do!

ah ok true true

wording is different here. They buy the terminal here not a license just a terminal. We dont use the word franchise either

[QUOTE=justlogicnohate;61051]

Originally Posted by harrison

ah ok true true

wording is different here. They buy the terminal here not a license just a terminal. We dont use the word franchise either

And 'here' is?