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

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?

These are two interesting blog posts related to the google search on Stehpan Kletsch. I had not heard of Lyoness until a few minutes ago, but it appears Flexcom is very similar. According to the second blog, Asker Sakinmaz is known to be one of the directors of Lyoness and may be a founder of Flexcom.



FlexKom: the new Lyoness?

As more and more of our readers understand and accept that Lyoness is a pernicious lie, designed to scam millions of consumers and small and medium sized enterprises out of billions of euros, we are asked with an increased frequency what we think of other 'companies', operating similar 'business models'.

From the very start of the Complaint Centre, we have decided that our focus lays primarily on Lyoness. Whilst acknowledging that there is a long list of similar frauds operated at this time (usually with a differing disguise), we also acknowledge that others, with more experience and more knowledge on the subject, are better suited to provide a comprehensive overview of this type of scam. Therefore, for a full overview of the phenomenon of income opportunity racketeering, we would like to refer our readers to the excellent Blog of Mr David Brear.

However, every now and then a scam pops up and catches our attention, because it is just so darn similar to Lyoness. FlexKom is such a scam.

We have reported earlier that we expect the racketeers behind Lyoness to come up with a new front for their never-ending scam, much in the way like they have dealt with the problems faced earlier by GTS and Galvagin, which eventually produced Lyoness. From that perspective, we are inclined to investigate and report about scams that operate in a freakishly similar manner as Lyoness, with a near-identical disguise to cover up the fraud.

More and more readers have recently brought FlexKom to our attention, and have directed us to on-going debates on various internet fora (2, 3, etc), as well as social media, about FlexKom. For the readers who are unfamiliar with this name, we will provide a brief introduction of the 'company' below.

FlexKom is a 'company' founded, allegedly, in 2010, by either Cengiz Ehliz and/or Asker Sakinmaz, which are both presented as current CEO of the 'company', most probably because they are supposed to represent different divisions of the 'company'. It claims to be some sort of a franchise provider, supplying its partners (which pay about 1500 euros for a 'gold package') with the right to enrol shops into the network, sell them the special FlexKom machines (for about 400 euros), which functions as a reader for the FlexKom cards. The enrolled shops then have the right to issue FlexKom cards to their customers, with the promise that the cardholders will get discounts on their purchases at FlexKom-affiliated shops, and the shops are promised a percentage in commission over the purchases made by the cardholders at every FlexKom-affiliated company. Naturally, the earnings exponentially increase as soon as new partners and shops are brought in.

FlexKom, founded by people with a seemingly Turkish background, chose Turkey as its 'test-market', to see whether the system would function the way it was expected to. According to FlexKom, it did (which is why a long list of countries have now been 'opened' by FlexKom; i.e. FlexKom partners can now be signed up there). According to the Turkish partners, media and authorities, it did not.

We found it quite interesting to see that so much vagueness exists about this 'company', which self-reports to be an extremely reliable business partner. For instance, we have seen claims that this 'company' operated an MLM-system, as well as fanatical debates where FlexKom denies to have anything to do with MLM. The company appears to be Turkish, but is most often claimed to be from Germany - yet is registered in Switzerland. Also, many of the national divisions, presented as if they were incorporated and registered at the local chambers of commerce, are not findable in the company registers of these local chambers of commerce.

Both Cengiz Ehliz and Asker Sakinmaz are not officially attached to the Swiss corporation registered under the name 'FlexKom International Holding AG'. Instead, the two names currently attached to this holding (as managers and founders) are Hasan Süslu and Guido Gmür. About Süslu, nothing much is publicly available. About Gmür, however, one can find a little bit more. According to Moneyhouse, Gmür has worked for about 13 companies, amongst which is First Tax AG, registered on the same address as the FlexKom headquarters. Observant readers may remember that this is the company of which Lyoness co-founder and tax and bankruptcy expert Iwan J. Ackermann is the co-founder and CEO.

As we have argued earlier, the people behind Lyoness have previously been responsible for organising GTS (Erin Trade) and Galvagin - at least - and apparently managed to get away with running those scams by setting up shell corporations in various countries and moving assets around until they were no longer traceable for anyone looking for them. As it seems, this is the way they have managed to found Lyoness without anyone frowning upon the intentions of the Lyoness founders.

We understand that we should be cautious in what we write here, as the exact details and sequence of events are difficult to mimic, mainly due to the lack of information publicly available. However, it does look an awful lot like the same people that managed to transfer Galvagin into Lyoness, and continue their scam under a different name, are now in the process of doing the same for FlexKom. It definitely looks like FlexKom being the long-awaited successor of Lyoness, through which the people behind Lyoness can continue to the scam the world. If not, FlexKom is an extremely similar copy (again, there is 'cash back', the higher ranked adherents become first 'leaders' and then member of the 'President's Team', etc.) of the Lyoness racket and the people interested in running the FlexKom scam at least appear to have hired the same people to cover up their fraud.

Complaint Centre Lyoness: FlexKom: the new Lyoness?

================================================== =

FLEXKOM, a multilevel marketing company is now in Kenya. But is this a scam or is it a legit business? If you have been involved in selling GNLD products or other MLM related products, then you’ll know perfectly well how FLEXKOM works

The Egyptian pyramids have always had something mystical about them. People have had difficulties explaining how exactly they were built, yet they persisted longer than most buildings in the world and most of them are in fact still there. . This new MLM opportunity- FLEXKOM, will provide you with a similar pyramid mystery. Unlike the Pyramids in Egypt, FlexiKom has SCAM written all over it!

I read an article somewhere in a local blog which had this very attractive opening paragraph:

FLEXKOM IS THE NEXT BIG THING: a world wide mega mall which is allying retail shops with online commerce to make a heady brew. Flexkom is using all the latest technologies to create a unique shopping experience. Launching in 50 countries soon, this company is going to take the world by storm

Before you think about joining this FLEXKOM thing, carry out some research on your own. Find out where else (which other countries) they are doing their business in.
ceklerimiz 389x520 FlexKom now in Kenya! Scam or Legitimate??

Some folks pausing for a photo with big FLEXKOM chaques. Apparently, these cheques were not paid!

FlexKom is a ‘company’ founded, allegedly, in 2010, by either Cengiz Ehliz and/or Asker Sakinmaz, which are both presented as current CEO of the ‘company’, most probably because they are supposed to represent different divisions of the ‘company’. It claims to be some sort of a franchise provider, supplying its partners (which pay about 1500 Euros- about 175,000 Ksh for a ‘gold package’) with the right to enroll shops into the network, sell them the special FlexKom machines (for about 400 euros- 47,000 Ksh), which functions as a reader for the FlexKom cards.

The enrolled shops then have the right to issue FlexKom cards to their customers, with the promise that the cardholders will get discounts on their purchases at FlexKom-affiliated shops, and the shops are promised a percentage in commission over the purchases made by the cardholders at every FlexKom-affiliated company. Naturally, the earnings exponentially increase as soon as new partners and shops are brought in.

Asker Sakinmaz is known to be one of the directors of Lyoness- a pyramid scheme that collapsed and went down the drain making numerous people loose their hard earned cash

In Turkey, FLEXKOM is currently dealing with some fraud cases. Poeple lost money. Some even sold their valuables so that they can enroll in the ’gold package’. One person said that he sold his car so that he can get his wife the GOLD package- 15,000 USD- Thats about 1.3M Shs.

FlexKom have apparently been accredited by EBCON (EBCON Europäische Verbraucherberatung ::: Unabhängig Objektiv Kompetent), not to be confused with EBCON (Home - EBCON - Economy Banking Consulting - European Business Club) Their president Stefan Kletsch awarded them on stage.
But who are EBCON? According to alexa.com they get almost zero web traffic, despite apparently being a pan-European consumer advocacy body .

The EBCON certification indeed seems valueless, much like the certificates Lyoness is holding (although those were at least issued by somewhat ‘impressive’ agencies. We have also received an anonymous tip stating that FlexKom claims to hold a certificate of the European Consumer Centre, but the ECC does not issue any type of certification and has never looked at FlexKom.

FlexKom now in Kenya! Scam or Legitimate??

Originally Posted by justlogicnohate

To get an office like the one in Vegas you have sign and long term lease which cost a lot of money and you are obligated to pay out the full term which could be 3-5 years or more not a good idea if you are a scam.

Umm,

somehow I don't think a scammer who has just ripped off a few million dollars is going to be worried about breaking a lease agreement, do you ???

Nice try, though.

Originally Posted by justnonsenseno logic

If "ribshaw owned a company, a store or a restaurant and wanted to send out a marketing message for free to their clients today about a special they have tonight with an offer that expires tonight straight to their text message with a video. What system is available to accomplish that?

I don't know about where you are, but, here we call that "spam" and very few people receive it intentionally or willingly.

YMMV

Originally Posted by littleroundman

I don't know about where you are, but, here we call that "spam" and very few people receive it intentionally or willingly.

YMMV

Its by request so we don't call it spam we call it service and the customer is receiving it only from the places it wants by request. The original store who signed them gets to communicate with them directly in return they have the loyalty prices LED TV, Dream Vacation, Car and more fair trade.

Originally Posted by justlogicnohate

Its by request so we don't call it spam we call it service and the customer is receiving it only from the places it wants by request. The original store who signed them gets to communicate with them directly in return they have the loyalty prices LED TV, Dream Vacation, Car and more fair trade.

Gee, you Americans are a funny lot.

Signing up to be spammed,

what next ???

Originally Posted by justnonsensenologic

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

Originally Posted by ribshaw

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.

Hmmnn,

looks like he can't provide a source for his information other than "FlexKom told me" ribshaw

Originally Posted by littleroundman

Hmmnn,

looks like he can't provide a source for his information other than "FlexKom told me" ribshaw

source would be an interview I did with one of the founders. With your suspicious mind it shouldn't be hard for you to imagine someone wanted to try to extort someone for money and use their power to do so. Shouldn't be to hard for you to include as a possibility. But that information can't be proven so take it for what it's worth a possibility.

Originally Posted by justlogicnohate

source would be an interview I did with one of the founders.

Oh goodie,

an anonymous poster was told by an unnamed source, so it MUST be true.

Can't wait to get my credit card out based on that solid information.

The problem I have with FLEXKOM is it has NO PRODUCT. The FLEXKOM cards are BROUGHT by the retailers, who give them out to there customers so that they can get discounts from OTHER retailers (if they can find another one in the vicinity).

Just for a second, close your eyes and imagine the shops/businesses in your area?
My town is made up of about 70% chain stores like Marks & Spencer, Next, Boots, Primark etc etc. These multi national stores WILL NOT sign up to Flexkom.
Another 20% are banks/charity shops/estate agents. The remaining 10% are small, specialist independant stores like picture framers/gift shops/niche fashion stores, a sandwich store. Why would they all join this scheme? They are basically handing over there profits to Flexkom for the priviledge of swapping discounts with each other?

And who in there right minds would sign up to have spam (sorry, SALES INFORMATION) texted to them at all hours of the day and night?

When the cards are swiped through the terminals, the customer gets money, the retailer gets money, FLEXKOM gets money, the world and his mother get money (apparently), but where does this money come from?

The money comes from NEW people joining. That would make FLEXKOM a pyamid would it not?

Originally Posted by HARRISON

The problem I have with FLEXKOM is it has NO PRODUCT.

Crazy talk.

Originally Posted by HARRISON

The FLEXKOM cards are BROUGHT by the retailers, who give them out to there customers so that they can get discounts from OTHER retailers (if they can find another one in the vicinity).

The customer gets discounts when and how the retailer choses. Just like when the yogurt shop offers the free yogurt after 7 purchases or when a store offers a discount on older merchandize. The discount is offset by the income the retailer gets from the shoppers shopping else where and increase in volume. I spoke to a lock smith who spends $20,000 a year on an ad in the yellow pages. Small businesses spend money on marketing all the time and FlexKom is just another way to market their business. The cost of the marketing is in the form of discounts.

Originally Posted by HARRISON

Just for a second, close your eyes and imagine the shops/businesses in your area?
My town is made up of about 70% chain stores like Marks & Spencer, Next, Boots, Primark etc etc. These multi national stores WILL NOT sign up to Flexkom.
Another 20% are banks/charity shops/estate agents. The remaining 10% are small, specialist independant stores like picture framers/gift shops/niche fashion stores, a sandwich store. Why would they all join this scheme? They are basically handing over there profits to Flexkom for the priviledge of swapping discounts with each other?

Where does this blogger live? Is he trying to say there are no small businesses? This guy has no idea how FlexKom works, handing over profits, ridiculous statement. It's what VISA and Master Card did. They came in and offer nothing for their service. And businesses are handing over profits to them that is true.

Originally Posted by HARRISON

And who in there right minds would sign up to have spam (sorry, SALES INFORMATION) texted to them at all hours of the day and night?

Again this guy has no idea how FlexKom works

Originally Posted by HARRISON

When the cards are swiped through the terminals, the customer gets money, the retailer gets money, FLEXKOM gets money, the world and his mother get money (apparently), but where does this money come from?

Again to lazy to understand the system

Originally Posted by HARRISON

The money comes from NEW people joining. That would make FLEXKOM a pyamid would it not?

It would if it in fact did come from NEW people joining but it doesn't it comes from sales happening in stores.

The money from the sale of the Franchise never reaches the customers. The money from the sale of merchandize if circulated and the increased is a result of marketing and bringing more customers to the FlexKom retailers. But it is to hard for this blogger to understand because he doesn't understand the power of technology and the power of smart phones and apps. Some money will come from Google losing business to flexkom. pay per click for instance is making Google billions. Some of that money will be spent with us instead. Flyers and news paper ads some of that will be spent with us. SEO marketing. Some of that money will flow over to FlexKom.

Money from the bigger chain stores. As FlexKom can help the smaller retailer take back some business from the larger stores. The larger stores and e-commerce has taken a lot of business from the smaller retailer. FlexKom is a system that can help the smaller stores get some business back.

QUOTE:

It would if it in fact did come from NEW people joining but it doesn't it comes from sales happening in stores.

The money from the sale of the Franchise never reaches the customers. The money from the sale of merchandize if circulated and the increased is a result of marketing and bringing more customers to the FlexKom retailers.
UNQUOTE:

Ok...so the money from Franchise sales never reaches the customers? It just goes straight into Flexkoms coffers?

The money comes from sales happening in stores?

Mmm, your gonna have to help me out here NOLOGICJUSTHATE, I'm way to stupid to understand this amazing concept, so please explain this. (Without the sarcasm preferably)
I've just brought a jumper with my FLEXKOM card. It should have been £100, but my FLEXKOM card has given me a £10 discount. Yah...very happy customer am I! I've just saved £10!!!

But now I have my RETAILERS cap on. I've just given this customer £10 of free stuff.
And along comes another customer. He has just brought TWO jumpers. So I'm down £20 now.

So today, I'm down £30. How do I get that money back?

[QUOTE=HARRISON;61023]QUOTE:

It would if it in fact did come from NEW people joining but it doesn't it comes from sales happening in stores.

Originally Posted by HARRISON

The money from the sale of the Franchise never reaches the customers. The money from the sale of merchandize if circulated and the increased is a result of marketing and bringing more customers to the FlexKom retailers.
UNQUOTE:

Ok...so the money from Franchise sales never reaches the customers? It just goes straight into Flexkoms coffers?

Ok so it's quite obvious you have no clue what FlexKom does so I will be more understanding here.

The sales guy will in phase 2 give away the app to a lot of people they will be the customer. They will get $2 on the app to start with. The franchise guy will have 1000 apps to give away. When the franchisee goes to the retailer there will already be thousands of customers with the app and some money to spend. Those people wont be aware of anything besides they have an app that they can show to retailers and get some deals. They will also pick the types of deals they would like to get. Maybe they like to eat sushi or they like the shop clothing. Maybe they like to go to theater, get massages need new tires or a tune up on their cars etc. The tire shop and sushi bar gets set up and then they put in the terminal they will give 10 flex money back on a dinner for 2 if they spend more than $50. The tire shop puts in he will give 10 Flexmoney on a tire rotation and or at least 2 new tires. They send out the message and in comes 10 new customers. The Sushi place and tire store have never seen them before. they are new customers that come in as a result of sending out the promotion. at that time with in 1.2 seconds the store that gave the customer the app makes $1.20 residual income. That store has 1000 customers signed up so if all of them got paid 10 Flexmoney they made $1200 dollars passive income. Now they have a $1200 a month new income they can use to pay bills with. every month for signing the customer once. The store increases its traffic so they can afford to lower their mark up a little. It ends saving them money they usually spend in the local news paper and on mailers. They also now are making extra money from the customer shopping elsewhere including the internet.

Now the retailer keeps signing more customers to the system and all retailers are doing this. They start seeing the income from those customers so they get more proactive with recruiting. The customer is enjoying getting some cash back and then gong to another retailer and spending it. The money keeps getting reinvested with our retailers. No wthey keep making more sales as they are inside the network. More and more customers are joining. They get messages on how many points they have and how many points they need to get the vacations loyalty reward. So when they think to do anything they think first to search the Flexkom stores before they search Google for local services. They need a plummer and they find one on FlexKom and ask how much he can give back he says 10 Flex Money on a $200 job. They say come on over.

So the local business could do this

image.jpg

or they can save paper and money sending a free video message that goes to a phone not a trash can.

mobile marketing.jpeg

Originally Posted by HARRISON

The money comes from sales happening in stores?

Mmm, your gonna have to help me out here LOGICAL AMAZING GUY , I'm way to stupid to understand this amazing concept, so please explain this. (Without the sarcasm preferably)
I've just brought a jumper with my FLEXKOM card. It should have been £100, but my FLEXKOM card has given me a £10 discount. Yah...very happy customer am I! I've just saved £10!!!

But now I have my RETAILERS cap on. I've just given this customer £10 of free stuff.
And along comes another customer. He has just brought TWO jumpers. So I'm down £20 now.

So today, I'm down £30. How do I get that money back?

Ok so let me explain something you are missing. If you as a store have usually 50 customers a day and then you put an advertisement in the news paper. You then get an additional 20 customers. Those customers spend $40 each. You just created $800 new revenue. The mark up was 100% so you take was an additional $400 with the $400 you pay the news paper add which was $250 you keep $150. So your campaign was successful as you added $150 on top of your usual sales in profit. And don't forget usually you also will need to give some kind of special when advertising like a coupon for 20% off. So now you have a lowered mark up and you have the cost of the advertisement working against you.

So we can agree marketing cost money. (I hope you know that)

SO THINK MORE CUSTOMERS MORE SALES MORE MONEY

So FlexKom's model. You take a video of the store and show some cute dresses and you let the viewer know you will give a 10 flex money credit if they spend $50 and you will give 15 FM if they spend $75 you can do whatever you like. You can do it for one item in your store you can do it on volume. You exclude items it is up to you how you do it. If you get creative it can be better results you can try different things because FlexKom doesn't charge you per add it is completely free to advertise. So lets say you send out a promotion for this new dress that just came in. You have a deal with the manufacturer that if you buy double he will give you a better price. the dress sold really fast last shipment so you take the deal. You make a video with your cute niece she wares and models the dress while you speak this dress is the latest trend we sold out in 2 days last time we brought it in. If you can make it down here in the next 24 hours I will give you 10 Flexmoney back on this dress.

The dress cost you $20 your selling price is $60 Customer gets $10, FlexKom gets $10 which flexkom splits between store who gave the app, loyalty rewards for the customers and yes profit for FlexKom and yes again the Flexkom comp plan. Now the store sells 20 dresses in 2 days and makes $400 in profit.(20 x 20) They also sell an additional $200 of other merchandize not discounted with Flexmoney. all in all it was a $500 profitable promotion. With NO risk! If the promotion didn't work it cost the store nothing to try it out. If they had done a mailer they would be out the paper cost postage and printing.

What if the store wanted to do a loss leader like Groupon it could give away the total profit on one item to get the customer to show up and spend on the other stuff in the store. Imagine they say come down today and try the large pizza and we will give you 7 Flexmoney back on a $20 Pizza no profit on Pizza but they buy 4 beers and they get 100 customers that show up for that promotion. The place is now full of FlexKom customers and non FlexKom customers spending (because if they are not in FlexKom they still will come to the pizza place. And guess what now the pizza place signs up all the other customers and start making residual income when they buy dresses from the clothing store and buy tires for their cars etc.

And with 100 other restaurants to go to that day I am sure very few would have been there anyway. So it's new business more business with a predictable margin for profit. The business knows his numbers. He understands how to run promotions.

The smart phone is the next frontier in marketing we have our phones everywhere. FlexKom is in the perfect place the timing is amazing.

As I'm to lazy to understand this system, perhaps you can explain this little chart in detail JUSTLOGICNOHATE?
And can you please answer my question? Where are you in the food chain? I'm guessing by your abrasive tone that you are aiming for PRESIDENT status?

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Originally Posted by harrison

as i'm to lazy to understand this system, perhaps you can explain this little chart in detail justlogicnohate?
And can you please answer my question? Where are you in the food chain? I'm guessing by your abrasive tone that you are aiming for president status?

FLEXKOM.JPG

i can explain it actually
the 5-30 is the diff bonus. The 1,2,3 is the world pool. The 1-5% is the leader bonus
5% to the local city cord 4% team cord (area customer service)

20% rep who signed shop
20% cust getter (shop)
rest for charity profit and cars for the reps who qualify.

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Originally Posted by justlogicnohate

i can explain it actually
the 5-30 is the diff bonus. The 1,2,3 is the world pool. The 1-5% is the leader bonus
5% to the local city cord 4% team cord (area customer service)

20% rep who signed shop
20% cust getter (shop)
rest for charity profit and cars for the reps who qualify.

Untitled.jpg

Which one of these are YOU?

Despite being given multiple opportunities, "justnonsensenologic" STILL refuses to answer any questions or rebut any points made and continues to mount ad hominem attacks on the questioners.

Way to go convincing readers FlexKom is anything more than a get-rich-quick scheme and refuge for juvenile blowhards, "justnonsensenologic"

You still haven't answered my questions NOLOGICJUSTHATE ? Give me your best sales pitch...

and don't forget to answer this question also:
Which one of these is YOU on this strange pyamid looking scale?

flexkom example..JPG

Wow, JHNL, you have these figures down to a tee don't you? But the thing is, you have just proved wholeheartedly that you know ZERO about retailing.
You are pulling figures out of thin air.

YOU WILL GET TWENTY EXTRA CUSTOMERS WHO WILL ALL SPEND $40 EACH? RUBBISH.

It depends entirely on which store has signed up and what there products are.

If I go to the local newsagent, I spend 60p on a paper every day.

I go to the local hairdresser I go once every six weeks or so and spend £20.

I go the local butcher/baker/candlestick maker - NEVER. I shop at multi national stores. (and even if I did visit one of these, the ATV is LOW. I certainly would not be spending $40 on a loaf of bread!
NAME ME ONE multi-national account that has signed up to FLEXKOM? Anywhere in the world?

Originally Posted by HARRISON

Wow, JHNL, you have these figures down to a tee don't you? But the thing is, you have just proved wholeheartedly that you know ZERO about retailing.
You are pulling figures out of thin air.

YOU WILL GET TWENTY EXTRA CUSTOMERS WHO WILL ALL SPEND $40 EACH? RUBBISH.

It depends entirely on which store has signed up and what there products are.

If I go to the local newsagent, I spend 60p on a paper every day.

I go to the local hairdresser I go once every six weeks or so and spend £20.

I go the local butcher/baker/candlestick maker - NEVER. I shop at multi national stores. (and even if I did visit one of these, the ATV is LOW. I certainly would not be spending $40 on a loaf of bread!
NAME ME ONE multi-national account that has signed up to FLEXKOM? Anywhere in the world?

Harrison,

I think your analysis is spot on, on my recent shopping trips I thought similar. I buy quite a bit from Amazon. Just bought a new computer, TV, dog bones (lots of those), protein bars, software, insoles and who knows what else. The UPS driver could do an Iron Man with all the up and down my driveway he does in a week. Ten years ago most of us would have had to head to either several different places, or one superstore. That day is done.

In my weekly shopping I go to a warehouse club and Target for almost all my families needs and wants. Yesterday I went and met a friend for lunch at a rib place, had a 2 for 1 coupon from one of the coupon books the school kids sell. Its a good place to eat, but I will probably not be back until next years book comes out. And the book is chock full of restaurant coupons, at year end most get thrown out as I can only each so much. Weekly I get at least one mailer of coupons, on occasion I will set one aside and more often than not throw them away a week later expired and unused. I turned off groupon after about a week, got sick of it.

The number of sole proprietors that I deal with on a monthly basis is very small. I have someone spray for weeds, found them through a referral. Met my barber through another guy who owns a barbershop, and the lady who cleans I think I found through a mailer. That was after going through several failed attempts with other cleaning people. So I am not likely to switch for 10% off. I don't know that I am typical, but for the most part I am not cost conscious with these relationships.

I have a friend that does massages as a sole proprietor. I spoke with her about either Groupon or Living Social, her response was no way. First the cut they wanted her to take in profits would have been way too much. Second, she can only do so many massages in a day, her quality would really suffer if she had a massive inflow. I suspect my barber would say the same thing, but we talk about other stuff.

I would conclude the test run in Turkey says it all, 40,000 distributors sign up 3000 retailers.

Originally Posted by ribshaw

I would conclude the test run in Turkey says it all, 40,000 distributors sign up 3000 retailers.

A more important question for those concerned that FlexKom is yet another pyramid / endless chain recruiting scheme is:

"how many distributors did those distributors sign up"