Quote Originally Posted by HARRISON View Post
Flexkom asks retailers to buy a license.
no they dont

Quote Originally Posted by HARRISON View Post
There are only so many of these licenses available within a set perimeter.
So this blogger still doesn't understand how it works,

Quote Originally Posted by HARRISON View Post
The retailer pays heavily for a terminal, POS and Flexkom cards
in USA it's $500 for terminal apps are free.

Quote Originally Posted by HARRISON View Post
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.
Quote Originally Posted by HARRISON View Post
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.

Quote Originally Posted by HARRISON View Post
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.

Quote Originally Posted by HARRISON View Post
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.

Quote Originally Posted by HARRISON View Post
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.