Quote Originally Posted by HARRISON View Post
JUSTHATENOLOGIC...WAS THE QUESTION TO HARD FOR YOU?

I visit the hairdresser. I get a card from him so that if I use this card/app, the hairdresser gets the commission.
I visit the baker. I get a card from him so that if I use this card/app, the baker gets the commission.
I visit the petrol station. I get a card from him so that if I use this card/app, the petrol station gets the commission.
I visit the health club. I get a card from him so that if I use this card/app, the health club gets the commission etc, etc, etc

So, Mr. ' I'll blind them with science and lots of brochures and BS' this is NOT a ONE card/app loyalty scheme! Its a KON! A FLEXKON!
LOL No "harrison"!

I visit the hairdresser. The Hair dresser asks me if I want to be part of The hairdressers loyalty program for free. I sign in with my name and info.

I visit the baker he asks me if I am with FlexKom yet. I say yes and I get 5% back I scan the QR code (no card is given since I am already in the system) and the hairdresser gets a commission

I visit the petrol station and I get 3% back the hairdresser gets a commission. At the petrol station I get a voucher for a car wash for 3 flexMoney

I visit the car wash and and pay $12 and get 3 flexmoney back the hair dresser gets a commission.

On my way home I see a FlexKom sticker in the pizza shop window and I buy a Pizza using my Flexmoney.

At the end of the day FlexKom and all the merchants reconcile. So the Flexmoney I spent at the pizza shop The Pizza shop gets money from FlexKom.

So the Hair dresser signs up the customer once and then whenever that person shops with it's ONE card the hair dresser gets paid and that person can never sign up with another merchant.

So in a city of say 500,000 people we need 50 reps that sign 10 stores each. Those stores sign 1000 customers each and then we have 500,000 customers. (well 499,000 because "harrison refused the app " I will not join one of those pyramids") Then those 500 stores can be seen by 499,000 people which will drive more customers to the shops. The large stores don't get to participate it is just for the smaller stores. We do

After we have 50 reps in that area we stop taking more reps so its not an endless chain it ends at that point then our 50 reps will be the only reps to sell our service.

So the hairdresser signs 1000 customers and creates a passive residual from those customers shopping everywhere. FlexKom then helps the hairdresser bring new customers and also make money selling everything from Pizza to carwashes. Pretty brilliant system if I can put my opinion in. The income offsets the discounts the hair dresser offers. It will drive more customers to him. According to the Law Firm Shenk & Shulenberg the FlexKom pay system is not a Network Marketing pay plan. The company makes 93% of the money from the sales through the access points and only 7% from building out the sales team. Report can be found here

The report also points to that the average per card income for the retailer is 30p a month not bad for the first 2 years. FlexKom revenue is currently over 525,000 Euro a day in Turkey from use of cards in stores. "Mr Ribshaw" Thinks those numbers are terrible for a start up company, but I think they are fantastic. FlexKom valuation is pretty fantastic since the Balance is usually sitting on the apps in the bank so to speak. The math would be each card average cash back is 3.5 Euro times 4.5 million 15.75 million a month