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

Originally Posted by littleroundman

Who needs to argue about the legitimacy of FlexKom ???

They continue to use ex Banners Broker Independent Contractor, UK leader and SuperPimp, Ian Driscoll as their UK front man, so you just KNOW it's a fraud.

Thank you LRM, with Ian Driscoll on board in a leadership position that is all that's needed for anybody familiar with scams to make an informed decision.

I can't believe that watsco is still here flogging this Ponzi trying to make us believe it is real. As for what FlexKom published is true.......Good one.

Originally Posted by EagleOne

I can't believe that watsco is still here flogging this Ponzi trying to make us believe it is real. As for what FlexKom published is true.......Good one.

Especially considering Fusion Network is going to do EVERYTHING Flexcon does PLUS PLUS PLUS free gas cards for users. Oodles and oodles of free gas, which come to think of it is about the same we are getting here.

http://www.realscam.com/f9/fusion-sh...-network-2985/

Originally Posted by ribshaw

Especially considering Fusion Network is going to do EVERYTHING Flexcon does PLUS PLUS PLUS free gas cards for users. Oodles and oodles of free gas, which come to think of it is about the same we are getting here.

http://www.realscam.com/f9/fusion-sh...-network-2985/

I am glad Fusion is doing something good. I hope it goes well for you

Originally Posted by watsco

I am glad Fusion is doing something good. I hope it goes well for you

Yes, and what really impresses me is for every 5 Fusion bucks an angel is given their wings.

1966755_10152313509164276_1942630484_n.jpg

News Paper story on FlexKom in Trinidad Tobago

Yep,

that's where I always go to find the latest business opportunities - Trinidad and Tobago

Ok, that video was done exactly on December 18, they came, put the banners around bar, took pictures, etc..

Took banners and left :) on the same day.

flexkon_gone2.jpg

image.jpg

This is the FCC ID number on the new POS 4S Terminals and is a photo of my personal terminal.

@FlexkomGAUSA,
Thanks for posting the image of the FCC code. I am not sure what the big deal was about either the FCC code or even the price Flexkom is charging for their kiosk.

The problem with Flexkom is their Model is Broken. That is why they keep trying to "re-invent" themselves as they go from country to country, each time with little or no success.

Well, the Company Claims success and for them.....in the short term, it probably is success. If they have pocketed $100 million dollars in UP FRONT INVESTMENTS from their franchise holders
already, some would call that success.

However, I am referring to the success of the Business Model and that of their Platform.

Would you care to talk about that point? If so, how about checking my posts and feel free to respond. Thanks.

I think we would all agree that success of FlexKom will be determined by the acceptance of the current product in the marketplace. As stated below, we are now placing terminals in the US market so time will tell. I personally love the model and see a huge opportunity in it. I also know there are many who have their doubts. Let's just see how the market responds. In the end, that's all that matters anyway.

Originally Posted by FlexKomGAUSA

I think we would all agree that success of FlexKom will be determined by the acceptance of the current product in the marketplace. As stated below, we are now placing terminals in the US market so time will tell. I personally love the model and see a huge opportunity in it. I also know there are many who have their doubts. Let's just see how the market responds. In the end, that's all that matters anyway.

So how about uploading this image to a FlexCom site, because back of your terminal does not look as a back i saw
so why you trying to fake it ?

Originally Posted by NikSam

So how about uploading this image to a FlexCom site, because back of your terminal does not look as a back i saw
so why you trying to fake it ?

I'll upload some additional pictures tomorrow when I get back to my office. This is the latest terminal that we are launching in the United States and globally from now on. Unless you are a FK rep and attended the market training in Chattanooga, TN, you have not seen this POS 4S terminal.

NikSam - why the attitude with FlexKomGAUSA? He just posted a picture of the unit and the FCC ID is there in plain view. How about a little respect here.
Plus, you called the picture of the Ski Resort "staged" and we later found out the merchant has a link to their site for the App.

You owe someone an apology. That is how it works. If you are wrong, no big deal.....just admit it.

I believe Flexkom has little or no change in the US market based on their flawed business model. However, I truly believe MOST of their distributors/franchise holders/investors are basically honest people and believe Flexkom will eventually get their act together. However, some of them have so much invested (their time and money, their friends' money, their credibility, commissions/bonuses/overrides already earned which will possibly get CLAWED BACK if this company turns out to be a scam) that they are working hard to try and salvage some dignity.

Some of them are just naive in terms of how business actually works. Or, they have bought into the current buzz about mobile loyalty programs and believe the Flexkom model will work. I do not and would be happy to debate any Flexkom distributor on the merits/flaws of their system and platform.

Originally Posted by FlexKomGAUSA

...

Can you please upload this image to FlexKom site, and post a link so i can verify you not just some idiot who is trying to impersonate FlexCom (just to damage them) ?

Originally Posted by NikSam

Can you please upload this image to FlexKom site, and post a link so i can verify you not just some idiot who is trying to impersonate FlexCom (just to damage them) ?

Definitely not an idoit. However, I don't manage the corporate site so I can't upload it.

There is absolutely no doubt that FlexKom has had its share of negativity. Some of it warranted and some not. The majority of the negativity resulted from the company switching platforms from a card based system to the app based system currently being launched. It took a long time to develop the new platform. In many of the early Brand Managers minds I guess it took to long. I certainly cannot blame anyone for having negative feelings regarding the early market rollouts of FlexKom. However, I am involved because of the future of FlexKom, not the past.

I am the State Manager for FlexKom, Georgia in the United States. I have personally set 4 terminals in the USA, in real merchants that are being used as pilot stores prior to our first market launch in the USA set for the greater Chattanooga, TN area. Anyone who has dealt in technology knows a real world trial is required prior to a full market launch. This trial will last for a few weeks. The excitement in our market from merchants is absolutely incredible. Note I said merchants and not Brand Managers. Of course, all Brand Mangers get excited about their future in any opportunity. That's a given.

I hope that this is a legitimate forum for debate regarding various opportunities that come along. I would be happy to give updates and progress of FlexKom in the USA if that is what is desired here. I am not a lifelong MLM guy. In fact, I'm not an MLM guy at all. I come from traditional business and honestly debated heavily on whether or not to even post on this site. It reminds me of calling into the radio station and arguing with the host, he who pushes the buttons controls the outcome. But regardless, I thought I would reach out and see what happens.

I'm 100% confident that FlexKom is not a Scam. Whether or not it will be as successful as I hope it will be, or excited global brand managers pitch it as being, will be determined by market forces. Those include market penetration, adoption rates, brand recognition, etc. Again, I would be happy to share that information and periodically update those who have legitimate questions or concerns if that would be helpful.

Originally Posted by FlexKomGAUSA

I come from traditional business and honestly debated heavily on whether or not to even post on this site. It reminds me of calling into the radio station and arguing with the host, he who pushes the buttons controls the outcome. But regardless, I thought I would reach out and see what happens.

Welcome to the thread, certainly would love to see some real business answers to the questions that have been posed over the past 500 posts. Unlike the typical MLM/HYIP message boards have never seen anyone censored or banned for having a dissenting opinion.

That said, even if the technology is 100% what they say it is or will be, I see this as a recruiting scam that has and will continue to take in far more "Brand Managers" than the market warrants. This has not changed since Turkey, so at some level we need to dwell on the past, since it is a spitting image of the present. Still would relish a good discussion about it, perhaps more solid information would push my mind in the other direction.

Originally Posted by FlexKomGAUSA

I am the State Manager for FlexKom, Georgia in the United States. I have personally set 4 terminals in the USA, in real merchants that are being used as pilot stores prior to our first market launch in the USA set for the greater Chattanooga, TN area. Anyone who has dealt in technology knows a real world trial is required prior to a full market launch.

Not to kick up a storm right from the get go, but the underlined sentence is not very convincing. Anyone who has dealt with technology in the real world knows a company does not need to recruit 1000, 2000 or more" BMs" at $2,000 a head before they give the thing a spin. If you had come 6 months ago as an Advance Man, as the only person in the States, or the only person in GA and placed four units as a test I would concur with your statement.

I sincerely hope you stick around and provide solid, verifiable information. How many BM slots have been sold in the US, how many in GA, and TN? What is the maximum number of BM positions in Chattanooga? How is the roll-out to be orchestrated, and can you post a link with some meaningful stats as the stores come online?

Originally Posted by ribshaw

Welcome to the thread, certainly would love to see some real business answers to the questions that have been posed over the past 500 posts. Unlike the typical MLM/HYIP message boards have never seen anyone censored or banned for having a dissenting opinion.

That said, even if the technology is 100% what they say it is or will be, I see this as a recruiting scam that has and will continue to take in far more "Brand Managers" than the market warrants. This has not changed since Turkey, so at some level we need to dwell on the past, since it is a spitting image of the present. Still would relish a good discussion about it, perhaps more solid information would push my mind in the other direction.



Not to kick up a storm right from the get go, but the underlined sentence is not very convincing. Anyone who has dealt with technology in the real world knows a company does not need to recruit 1000, 2000 or more" BMs" at $2,000 a head before they give the thing a spin. If you had come 6 months ago as an Advance Man, as the only person in the States, or the only person in GA and placed four units as a test I would concur with your statement.

I sincerely hope you stick around and provide solid, verifiable information. How many BM slots have been sold in the US, how many in GA, and TN? What is the maximum number of BM positions in Chattanooga? How is the roll-out to be orchestrated, and can you post a link with some meaningful stats as the stores come online?

Thanks for the welcome. As long as things remain civil I would love to stick around. I can't speak to BM totals in the US right now because that has not been shared with me. But in the Greater Chattanooga market (includes NW Georgia) which encompasses approximately 600k in population, we have 55 to 60 trained and certified reps. These are reps that will sell the product to merchants in the very near future. At the present time, we are using a 1 in 10,000 ratio for BM's to population. So far that seems to be working out. We have in fact closed the Greater Chattanooga market to new BM's that can sell to merchants. Personally for me, this was a very appealing part of the model. It should allow profitability for the BM's that chose to participate. People can still join Flexkom in our market and build teams in other markets that have not yet reached the density level we feel we need to cover the merchants. However, if you understand the model the only real opportunity is in a successful merchant rollout. In fact, we no longer hold opportunity meetings in this market for recruiting new BM's. From that standpoint we have converted to more of a Direct Sales model and away from the MLM type structure in this market. Thanks Again.

Originally Posted by FlexKomGAUSA

But in the Greater Chattanooga market (includes NW Georgia) which encompasses approximately 600k in population, we have 55 to 60 trained and certified reps.
These are reps that will sell the product to merchants in the very near future. At the present time, we are using a 1 in 10,000 ratio for BM's to population.
We have in fact closed the Greater Chattanooga market to new BM's that can sell to merchants.

Thanks, just a frame of reference these are the business stats from the Chamber of Commerce. 6487 retail businesses which I assume are your target market, and will be willing to lump in X% of service businesses. Calling it 10,000 total "leads", that is about 200 per BM by my math.

Will reserve any other comments I have on this as a lot of other issues have been brought up. If you disagree with the analysis feel free to scold me.

Stats and Demographics

Chat TN.jpg

FlexkomGAUSA
I put this question to Watsco and he would not (or could and didn't want to admit it) answer it truthfully.

I found this information posted on another board. I would appreciate your response.

As you know, when Flexkom launched in the USA back in August 2013, they used their story of the "incredible success in Turkey and Europe" as an example of what could be expected to happen in the USA.
In fact, this information is still available for viewing on Youtube for all to see and confirm.
Some of this success included:
* 4.5 million customers
* 13,500 merchants
* some merchants earning tens of thousands of dollars each month from shopping being done throughout the Flexkom network
* Distributors earning hundred of thousands of Euros each month on the actual sales at these merchants
* The company issued thousands of refunds in Turkey
* The Country Manager in France quit
* The customer needs a Smartphone in order to use the New and Improved FlexKom Loyalty Platform
* The New and Improved FlexKom Loyalty Platform does NOT allow the Merchant to communicate with their customers via SMS text message
* The merchant must PAY FLEXKOM 100% of whatever they offer their customers in terms of FlexMoney. Example: A family of four has dinner at a nice restaurant and the bill comes to $150. In order to offer their customers a typical 10% discount of $15 (FlexMoney), the merchant has to pay FlexKom an additional $15. If the Merchant has 100 similar transactions this month - they will have to give their Customers $1500 in discounts AND............................................... ............................THEY MUST PAY FLEXKOM AN ADDITIONAL $1500 for the use of their system. From this ADDITIONAL $1,500 COST, Flexkom will pay their distributors multiple levels in overrides, pay the person (or merchant) who signed up that customer a commission, pay FlexKom.
The complaint I have heard from the Europeans about the Flexkom model is that from the merchants point of view, any money they earn from their customers shopping elsewhere within the Flexkom network is reduced by what they pay Flexkom. So basically, the model has merchants exchanging THAT FEE between THEMSELVES and actually never make any money from the model. HOWEVER, Flexkom is telling their USA distributors that European Merchants are earning tens of thousands of dollars per month. Can you list ONE merchant out of the 13,500 that are already signed up (this was based on numbers listed in early 2013......should be higher now) that are earning substantial commission from purchases within the network by THEIR customers.

And, of the items listed above, which ones are TRUE and which ones are FALSE?

I hope you will address these issues and put some of these "rumors" to rest. Thanks.

Originally Posted by MLM Broken Model

FlexkomGAUSA
I put this question to Watsco and he would not (or could and didn't want to admit it) answer it truthfully.

I found this information posted on another board. I would appreciate your response.

As you know, when Flexkom launched in the USA back in August 2013, they used their story of the "incredible success in Turkey and Europe" as an example of what could be expected to happen in the USA.
In fact, this information is still available for viewing on Youtube for all to see and confirm.
Some of this success included:
* 4.5 million customers
* 13,500 merchants
* some merchants earning tens of thousands of dollars each month from shopping being done throughout the Flexkom network
* Distributors earning hundred of thousands of Euros each month on the actual sales at these merchants
* The company issued thousands of refunds in Turkey
* The Country Manager in France quit
* The customer needs a Smartphone in order to use the New and Improved FlexKom Loyalty Platform
* The New and Improved FlexKom Loyalty Platform does NOT allow the Merchant to communicate with their customers via SMS text message
* The merchant must PAY FLEXKOM 100% of whatever they offer their customers in terms of FlexMoney. Example: A family of four has dinner at a nice restaurant and the bill comes to $150. In order to offer their customers a typical 10% discount of $15 (FlexMoney), the merchant has to pay FlexKom an additional $15. If the Merchant has 100 similar transactions this month - they will have to give their Customers $1500 in discounts AND............................................... ............................THEY MUST PAY FLEXKOM AN ADDITIONAL $1500 for the use of their system. From this ADDITIONAL $1,500 COST, Flexkom will pay their distributors multiple levels in overrides, pay the person (or merchant) who signed up that customer a commission, pay FlexKom.
The complaint I have heard from the Europeans about the Flexkom model is that from the merchants point of view, any money they earn from their customers shopping elsewhere within the Flexkom network is reduced by what they pay Flexkom. So basically, the model has merchants exchanging THAT FEE between THEMSELVES and actually never make any money from the model. HOWEVER, Flexkom is telling their USA distributors that European Merchants are earning tens of thousands of dollars per month. Can you list ONE merchant out of the 13,500 that are already signed up (this was based on numbers listed in early 2013......should be higher now) that are earning substantial commission from purchases within the network by THEIR customers.

And, of the items listed above, which ones are TRUE and which ones are FALSE?

I hope you will address these issues and put some of these "rumors" to rest. Thanks.

It's one thing if I want to give a customer a break, I certainly am not about to pay some nobodies money to do it.

FlexKomGAUSA SAID, "There is absolutely no doubt that FlexKom has had its share of negativity. Some of it warranted and some not. The majority of the negativity resulted from the company switching platforms from a card based system to the app based system currently being launched. It took a long time to develop the new platform. In many of the early Brand Managers minds I guess it took to long. I certainly cannot blame anyone for having negative feelings regarding the early market rollouts of FlexKom. However, I am involved because of the future of FlexKom, not the past."

If your NEW "system" is NOW App based, the statistics and trends suggest you might be pushing the WRONG platform. As I have stated before, the FlexKom Model is Broken and cannot be fixed.

So, if your New and Improved System is App based, here is how the numbers will work out for the Local Merchant with 5,000 customers.

1. 56% of USA population own SmartPhones. So, 56% of 5,000 = 2,800 eligible customers. Note: Of course, this will tend to alienate the other 2,200....but that is another conversation.
2. Let's say 30% of the "eligible" customers download the App: 2,800 x 30% = 840
3. 68% of them will allow Push Notifications - that is the national average (see below): 840 x 68% = 571

CONCLUSION: A merchant who signs up for the FlexKom System (one that has never been proven to work ANYWHERE in the world to date) will ACTUALLY be able to engage about 12% of their customers.

Here is some information to support my statement:
Twenty-Two Percent of Mobile Apps Are Only Used Once

Mobile marketing: The ultimate push provider scorecard | Responsys New School Marketing Blog
"In fact, the same Responsys survey found that 68 percent of consumers that have downloaded brand apps have enabled the app’s push notifications."

Smartphone Ownership 2013 | Pew Research Center's Internet & American Life Project

Originally Posted by MLM Broken Model

FlexKomGAUSA SAID, "There is absolutely no doubt that FlexKom has had its share of negativity. Some of it warranted and some not. The majority of the negativity resulted from the company switching platforms from a card based system to the app based system currently being launched. It took a long time to develop the new platform. In many of the early Brand Managers minds I guess it took to long. I certainly cannot blame anyone for having negative feelings regarding the early market rollouts of FlexKom. However, I am involved because of the future of FlexKom, not the past."

If your NEW "system" is NOW App based, the statistics and trends suggest you might be pushing the WRONG platform. As I have stated before, the FlexKom Model is Broken and cannot be fixed.

So, if your New and Improved System is App based, here is how the numbers will work out for the Local Merchant with 5,000 customers.

1. 56% of USA population own SmartPhones. So, 56% of 5,000 = 2,800 eligible customers. Note: Of course, this will tend to alienate the other 2,200....but that is another conversation.
2. Let's say 30% of the "eligible" customers download the App: 2,800 x 30% = 840
3. 68% of them will allow Push Notifications - that is the national average (see below): 840 x 68% = 571

CONCLUSION: A merchant who signs up for the FlexKom System (one that has never been proven to work ANYWHERE in the world to date) will ACTUALLY be able to engage about 12% of their customers.

Here is some information to support my statement:
Twenty-Two Percent of Mobile Apps Are Only Used Once

Mobile marketing: The ultimate push provider scorecard | Responsys New School Marketing Blog
"In fact, the same Responsys survey found that 68 percent of consumers that have downloaded brand apps have enabled the app’s push notifications."

Smartphone Ownership 2013 | Pew Research Center's Internet & American Life Project

Some inaccuracies to mention

The system also allows for cards. (5,000)

The push notifications aren't necessary and can be turned off (stay at 5,000)

when the merchants offer money back and awards one could imagine more than 30% would say yes.

But lets say 30% 1,500 sign up and then take that times say 1000 stores = 1.5 million users

This is not a bad scenario by any ones standards

Watsco - I went back and ran the numbers again and I was right: 571 users out of 5,000 or about 12%. Sorry.

Plus, you failed to address the rest of my post. If you will notice, I used 3rd party confirmation to make my point.
What did you use?

You said, "1000 stores = 1.5 million users." Amazing. Is this like your post from earlier where you predicted FlexKom will be making Billion-Dollar contributors to charities.
What is even more amazing is you are showing 1.5 million users FOR A MODEL THAT HAS YET TO BE PROVEN........anywhere in the world!

Now, that is QUITE the scenario you paint there Watsco. And, your continued use of exaggeration says a lot more about you than you think.

Remember, you came back to this board and CONFIRMED the company is telling the truth about the 4.5 million customers and 13,500 merchants.
I asked FlexKomGAUSA the same question and he has yet to
respond. Wonder why?