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

I don't recall it being advertised as an MLM - more a new loyalty card that will set the retail buyers world on fire. I dislike the whole idea of loyalty cards so didn't take much more notice of it. It was mentioned in the mainstream press for a while and was out of Melbourne, so it could have been Pre-Launch but that name doesn't ring a bell.

Here's an English presentation in PDF format:
http://www.net-friends.net/Flexkom_presENG.pdf

net-friends.net is registered to Dirk Vanderdonckt. These are some of his profiles:
Dirk Vanderdonckt's Profile on BizOppers.com - BizOppers.com
Dirk Vanderdonckt | AdlandPro Community
Dirk Vanderdonckt's Page - Net Millionaires Club
https://www.elance.com/s/dirkvanderdonckt/

He should be able to explain FlexKom well since on his bizopper's profile he says:

"I have joined almost every possible opportunity online, and distill the best of it."

Apparently some of those opportunities include Wedding Planning (bizoppers) and writing
articles for $5/hour (elance).

Incomplete Slideshow attached from Ian Driscoll's flexkom webinar tonight

It gives the gist of things

He's promising returns of 40,000 Euros a month plus a new Mercedes and a Villa in Turkey for top flight affilliates.

Lets see how things pan out?

flex1.JPGFlex2.JPGFlex3.JPGFlex4.JPGflex5.JPG

Continued:
flex6.JPGflex7.JPGflex8.JPGflex9.JPGflex10.JPG

Last 3 slides

flex11.JPGflex12.JPGflex14.JPG

I'd like to see one of the POS terminals, if they actually have them.

What incentive does a retailer have to sell at discounted prices ?, CC companies charge something like 2.5% (ish) to the retailer, the maths don't work on that alone.

It would be a good idea to keep plugging away at Driscoll, even in the flesh, if he comes into my area I'll confront him. A packed hall or one to one, makes little difference to me.

Remember we have Crimestoppers in the UK, they will act if there's a chance a con artist is trying to fleece people out of their money.

A letter to the Chief constable of your county will also have a huge effect, nothing gets attention like a complaint to the top person in any organisation.


....................................Now where did I put Raj Divit's address

Originally Posted by StevenHoward

I'd like to see one of the POS terminals, if they actually have them.

What incentive does a retailer have to sell at discounted prices ?

I don't doubt they exist and discount or cashback cards/schemes (think Quidco and Topcashback) are standard fare in retailing these days. This just reeks of being a scam though.

Originally Posted by StevenHoward

I'd like to see one of the POS terminals, if they actually have them.

What incentive does a retailer have to sell at discounted prices ?, CC companies charge something like 2.5% (ish) to the retailer, the maths don't work on that alone.

It would be a good idea to keep plugging away at Driscoll, even in the flesh, if he comes into my area I'll confront him. A packed hall or one to one, makes little difference to me.

Remember we have Crimestoppers in the UK, they will act if there's a chance a con artist is trying to fleece people out of their money.

A letter to the Chief constable of your county will also have a huge effect, nothing gets attention like a complaint to the top person in any organisation.


....................................Now where did I put Raj Divit's address

PoS V 1 /POS V 4
FlexKOM POS Image.jpgPOS Collect or pay.jpg

Ian did NOT promise anything. He made a mathematical example of how the compensation is paid.

Originally Posted by justlogicnohate

The Fettullah islamic organization is behind the Zaman Daily and they wanted 50% of FlexKom in return for 40 million customers which was turned down

Please substantiate this assertion, seems more of an MLM wive's tale passed from person to person. Surely there is a paper trail you can provide. Next you are going to tell us Harvard teaches MLM.

More importantly:

Originally Posted by justlogicnohate

Ian did NOT promise anything. He made a mathematical example of how the compensation is paid.

Any idea how many failed Ponzi Schemes and questionable deals Ian has made "mathematical examples" in? In fact, you could ask all the heavies in Flexcon the same question. Maybe see how well all the folks they roped in to Banners Broker are doing with pretty numbers on a screen and no withdraws for almost a year.

If this was truly a revolutionary product, Flexcon would roll it out with venture capital, or similar, and a professional sales force like every other company. You would not have a bunch of folks like Ian Driscon who just a few months ago were peddling magic juice and ad panels. In fact since you seem so filled with logic, can provide a list of ventures Ian promoted where the masses did not end up losing a bunch of cash?

So far all we have behind the hype is a recruiting scheme in pre launch.

Flexkom uk from BG -Adverts

Originally Posted by littleroundman

Flexkom uk from BG -Adverts

The people photoshopped into the background is hilarious.

Originally Posted by Whip

The people photoshopped into the background is hilarious.

Dear me these people are so unprofessional, no wonder Driscoll is no longer with BB.

This is supposed to be promotional material (the two guys in the centre are from Keighley Cougars I think)

1) The signs are lopsided (look at the left hand side)

2) The last one couldn't be arsed to take off his anorak.

3) This is the best :- "Make holiday with pleasure while earning", in big letters on one of the promotional banners. They actually stood in front of that and had their photos taken!!!!!.

I'm for hire as a promotions manager Ian.

Finally, the text on the right hand side, the way it is written and the spelling is terrible (my 9 year old daughter can do better), I'm not going to be their proof reader, but I spotted at least EIGHT mistakes on my first quick read of it.

The most striking mistake is where the guy claims he's had dinner at "Althorp Maner". There's NO "E" in ManOr.

Did he really have Dinner with Norman Lamont, Dinner at Althorp and won the contract for the building of the Millennium Dome ?.

From what I've seen it's much more likely he had a sarnie outside number 11 when Norman walked by, a packed lunch at Althorp during a day visit and built a scale model of the "Millennium dome" in his bedroom and got his airfix kit cheap because it had a piece missing.

Honestly, if he's won the contract to build it, you'd really expect him to know how to spell it's name. He spells it as "Milleneum Dome", when it is actually "Millennium Dome". Millennium Dome - Wikipedia, the free encyclopedia

Maybe someone would like to enlighten the people at Keighley Cougars about the presence of this thread, Keighley Cougars : Official website : Latest News : Buy Matchday Tickets and Teamwear online

Originally Posted by StevenHoward

Dear me these people are so unprofessional, no wonder Driscoll is no longer with BB.

This is supposed to be promotional material (the two guys in the centre are from Keighley Cougars I think)

1) The signs are lopsided (look at the left hand side)

2) The last one couldn't be arsed to take off his anorak.

3) This is the best :- "Make holiday with pleasure while earning", in big letters on one of the promotional banners. They actually stood in front of that and had their photos taken!!!!!.

I'm for hire as a promotions manager Ian.

Finally, the text on the right hand side, the way it is written and the spelling is terrible (my 9 year old daughter can do better), I'm not going to be their proof reader, but I spotted at least EIGHT mistakes on my first quick read of it.

The most striking mistake is where the guy claims he's had dinner at "Althorp Maner". There's NO "E" in ManOr.

Did he really have Dinner with Norman Lamont, Dinner at Althorp and won the contract for the building of the Millennium Dome ?.

From what I've seen it's much more likely he had a sarnie outside number 11 when Norman walked by, a packed lunch at Althorp during a day visit and built a scale model of the "Millennium dome" in his bedroom and got his airfix kit cheap because it had a piece missing.

Honestly, if he's won the contract to build it, you'd really expect him to know how to spell it's name. He spells it as "Milleneum Dome", when it is actually "Millennium Dome". Millennium Dome - Wikipedia, the free encyclopedia

Maybe someone would like to enlighten the people at Keighley Cougars about the presence of this thread, Keighley Cougars : Official website : Latest News : Buy Matchday Tickets and Teamwear online

Originally Posted by Whip

The people photoshopped into the background is hilarious.

The picture doesn't look as if it has been photoshopped, I doubt the person that put that site together could manage anything as advanced as that. I suspect the two unknowns in the pic Gary Fawcett and Neil Cullen might have been roped into the FlexKom family though, so I reckon the KC, or "kG" as that idiot identifies them, are already well aware.

Originally Posted by Theseus

The picture doesn't look as if it has been photoshopped, I doubt the person that put that site together could manage anything as advanced as that. I suspect the two unknowns in the pic Gary Fawcett and Neil Cullen might have been roped into the FlexKom family though, so I reckon the KC, or "kG" as that idiot identifies them, are already well aware.

I've seen cartoon audiences drawn better.

Millennium Dome

The architect was Richard Rogers and the contractor was a joint venture company, McAlpine/Laing Joint Venture (MLJV) formed between Sir Robert McAlpine and Laing Management.[1] The building structure was engineered by Buro Happold, and the entire roof structure weighs less than the air contained within the building

Source Wikipedia Millennium Dome - Wikipedia, the free encyclopedia

Also in my life I have been employed to win one of the largest contracts in the uk. To build the Milleneum Dome

Simon Boothman

Yeah, in what capacity and working for whom? Oh dear. lol

Originally Posted by Lil Ol' Radical Me

Millennium Dome

The architect was Richard Rogers and the contractor was a joint venture company, McAlpine/Laing Joint Venture (MLJV) formed between Sir Robert McAlpine and Laing Management.[1] The building structure was engineered by Buro Happold, and the entire roof structure weighs less than the air contained within the building

Source Wikipedia Millennium Dome - Wikipedia, the free encyclopedia



Yeah, in what capacity and working for whom? Oh dear. lol

Funnier still, on his Linkedin page he lists "journalism" as one of his key skills

Originally Posted by Theseus

Funnier still, on his Linkedin page he lists "journalism" as one of his key skills

Is that the new description of spin doctoring?

Originally Posted by Lil Ol' Radical Me

Is that the new description of spin doctoring?

That's not spin doctoring, or even half-decent pr, it's just an example of what happens when someone leaves school with no qualifications and then sets themselves up on the "inter-net" as a "marketing guru"...

Oh Goodness me!!!

Mark Stokes


‎*ATTENTION** as you may know or not Know James and I have bought a Global Licence to this business www.bit.ly/Web020113 with Ian Driscol and will be heading up the Midlands area to start with..licences are very limited if you want to work with us for your area PM me. asap .. this was the meeting we went to on Sat.

watch this www.bit.ly/Web020113

Originally Posted by DueDiligence

I am completely staggered at the lack of any Due Diligence show by any of the comments here. I joined this because I truly thought that it was a group of clever astute individuals reviewing potential opportunities with a clear metric.
What exactly is the methodology that you use to decide if an opportunity is legitimate or a scam? All that I can see here is nonfactual conjecture, based upon nothing more than your personal dislike for what you have decided is erroneous.
Sad really when you think that you really did have an opportunity to evaluate in a professional manner which might have added value to or deterred people from joining. I would suggest that most intelligent people reading this will simply turn off.
Your community should be endorsing great opportunities and advising against real scams by presenting fact based on measurable, real and conclusive evidences.
FlexKom, who knows, I came here seeking advice, do or don’t do, you have failed me, so I shall continue to do my own research.
Ps, I will advise you what the outcome is……………
Due Diligence

If Mark Stokes & Ian Driscoll are involved it is most likely a scam However, yes it is a good Idea to do your own research if you find anything out either way please post your findings here.
It does look though like the maths of this scheme don't add up.

I have started some initial investigating of Flexkom and have come to this basic outline. Althrough there are four major entries into this scheme, I will only offer an insight from a retail perspective for now in as simple terms as possible. It seems to me that Flexcom are offering franchises to retailers so they can offer CARDS to there customers, which can be used to obtain discounts from OTHER retailers and used as payment to buy goods from there store and others.
In summary, RETAILERS are paying for these discounts by buying the cards and/or purchasing a franchise. A percentage (and very complicated percentage calculation) then goes to FlexKom.

There are TWO major drawbacks initially that I can see.
Firstly, no MAJOR high street outlet will allow a 10% DISCOUNT of every purchase. Not only will that compromise there margins but will affect other promotions they may run.
If you think about the stores in YOUR local neighbourhood, how many are there? And how many are multinationals/independants? Where is the scope to discount?
Secondly, even IF they do get a whole town to sign up, some stores will have higher priced retail goods than others. Smaller stores with low priced, high turn over goods will suffer if they have to repeatedly offer a discount and have to accept payment with 'flex money'.
I am not at this stage saying it is a scam of any sort, but I wonder what benefit the retailers will have if ultimately all they are doing is giving a percentage of there profits to flexkom with no guarantee how the cards they have paid for and distrubuted are being used?

It's basically an attempt to clone Lyoness and AiYellow mixed into one.

Retailers won't see it as a scam, but it won't be very profitable for them either. The discounts they give aren't there until customers walk through their doors, but if there's enough of them it may ruin them instead of helping them. Sorta related to the various horror stories about how Groupon killed a couple small businesses when those extra orders they brought in (offered at a loss) killed the company's cashflow. It sure generated a lot of buzz, but that rush ain't always worth it. Only super-high-margin businesses can afford to do Groupon (spas, resorts, etc.)

Which is the same issue you said, basically. Small margin neighborhood stores won't touch this, and big chain stores won't bother with this. Some "medium" size stores can be tricked into joining, but the only one making any money off this would be the sales reps and FlexKom themselves.

Originally Posted by kschang

It's basically an attempt to clone Lyoness and AiYellow mixed into one.

Retailers won't see it as a scam, but it won't be very profitable for them either. The discounts they give aren't there until customers walk through their doors, but if there's enough of them it may ruin them instead of helping them. Sorta related to the various horror stories about how Groupon killed a couple small businesses when those extra orders they brought in (offered at a loss) killed the company's cashflow. It sure generated a lot of buzz, but that rush ain't always worth it. Only super-high-margin businesses can afford to do Groupon (spas, resorts, etc.)

Which is the same issue you said, basically. Small margin neighborhood stores won't touch this, and big chain stores won't bother with this. Some "medium" size stores can be tricked into joining, but the only one making any money off this would be the sales reps and FlexKom themselves.

It is hard to believe that the founders of FlexCom aren't aware of this. They have no more difficulty in conducting the same research as any readerof this thread.

The success of this highly dubious mlm depends on their new members not working it for themselves, but falling for the promotion spiel.

As for claims of Stock Exchange quotation...........puhleees

This high entry mlm scam sounds like a poor man's Dubli

Originally Posted by kschang

It's basically an attempt to clone Lyoness and AiYellow mixed into one.

Retailers won't see it as a scam, but it won't be very profitable for them either. The discounts they give aren't there until customers walk through their doors, but if there's enough of them it may ruin them instead of helping them. Sorta related to the various horror stories about how Groupon killed a couple small businesses when those extra orders they brought in (offered at a loss) killed the company's cashflow. It sure generated a lot of buzz, but that rush ain't always worth it. Only super-high-margin businesses can afford to do Groupon (spas, resorts, etc.)

Which is the same issue you said, basically. Small margin neighborhood stores won't touch this, and big chain stores won't bother with this. Some "medium" size stores can be tricked into joining, but the only one making any money off this would be the sales reps and FlexKom themselves.

So what you are saying is that no matter what the volume is of sales the profit stays the same? So if I sell 100 shirts in a month and mark it up 100% I make the same as if I sell 500 shirts at 100% mark up? What if I sell 500 shirts at 75% mark up and give away 25% instead of 100 shirts at 100% mark up? should I not not offer the 25% back to sell more shirts?

So Groupon was mentioned earlier this is exactly what I am talking about. Groupon is just a website with a lot of visitors. Groupon demands that the small business gives 50% discount. It doesn't end there. They then take their share which is 50% of the rest. So the business gives up 75% of the price and is left with 1/4 to pay for costs. Groupon got a 6 billion dollar buy out offer in 2010. Groupon is a loss leader. Enough businesses where willing to give away 75% to make groupon a multimillion dollar company and you are trying to say small businesses arent loooking for a way to reach more people. You're joking right?

With FlexKom the business can run any kind of promotion it wants 1% cash back what ever they want. Of course the sweeter the deal the more action they get. But lets not forget the back end income from the customers they sign in.

If a restaurant gets 30 customers an hour and has 8 hour a day open they have 240 customers a day 7200 a month. lets ay they sign one third in 2 months to flexkom 2400 total.

lets say those customers save an average of 10 flexmoney. FlexKom will pay the restaurant $2880 a month. Maybe that will make them excited about the system. So now the restaurant makes enough to cover rent and now they think if we keep giving back the other will also and we will keep making money from our customers shopping elsewhere. And now you have taken thousands of retailers and unified them and made them work together and get stronger not weaker. The money keeps going back to the businesses unlike groupon who sucks the cash out.

So let me give you some basic business understanding. A restaurant may not have all tables full Monday Tuesday and Wednesday. So those 3 days our Flexkobi sends out a message that he is giving 1 flex money on every pint of beer ordered for instance. That results in extra 20 guests per day for him. So he gives some Flexmoney to get some more customers. What is new? There are always specials and sales going on anyway.

I always see half off sales and happy hour deals at restaurants all kinds of promotions. But the small restaurant or stores has an issue and that is how to get the message out to more people. That is what the Flexom system does. REACHES more people and it is free for the transmission. Even if he wanted to offer 0.10 back he can use the system. When a restaurant owner has 10 empty tables it is a cost to him so why not put 10 Flexkom guests at the tables for the sea bass special which he sent a message about earlier in the day. Buy the sea bass special tonight and get $5 flex money back. 2538 people got the message and 15 love sea bass they bring a guest and there is your profit!

I have a tooth ache. I go on my app and let it know I need a dentist. I have 900 points as a result of my shopping at flexkom stores and when I hit 1000 points I will get a Flat screen TV that I really want for my Bedroom. I see there is a dentist offering 100 FlexMoney to first time visitors. I make an appointment with that dentist and go because I want my free flat screen TV. The dentist would have never seen my business if he didn't have the FlexKom system. I am super happy because I got a TV and my tooth fixed. Now I also have 100 Flexmoney to spend so I call my wife and tell her to get ready I am taking her to dinner. And the 100 I got back from the dentist pays for dinner. Since the TV came from the restaurant that gave me the app I go there and spend the 100 flexmoney as a thank you. I invite some friends over to watch Monday night football they ask where i got the TV I say Through this app I have on my phone I get points when I shop. They ask how they can get the app. I say I can give it to you. I give away 20 apps and make 20 flex money for doing so and the restaurant just got 20 more customers that they make commission on.

FlexKOm reaches 10 million customers and Taco bell says how can we reach more customers. We tell them if they offer our customers a discount we will send out a message on our terminals with the offer when they check out they will get a coupon from you. What will you give us?

With 100 million customers who are all getting cash back and loyalty rewards you can get some really good deals from the larger chain stores. I think it's all about the customer count and we will have them