FlexKom has found a way to work with shop owners' regular discounts to
- build residual income,
- increase profit margins and
- build loyal customers
With special offers and attractive discounts to customers for goods and services at Flexkom franchised shops, it is a win-win situation for everyone.
Let's see how this works.
Born and raised in Trinidad, her passion for fashion was ignited and honed as she spent her spare time among the fabrics and sewing machines of her mother's workroom. She designed the featured creation.
Photos courtesy
The store owner works with her current discounts and doesn't have to lower her prices any further. Isn't that clever?
Whereas discounts are currently considered "less cash", FlexKom's concept re-utilizes and re-distributes the discount in the following way:
The discount given to the customer = the amount paid to FlexKom to redistribute.
50% to customer = 50% to FlexKom
Let's say the dress costs $4500 and the store owner knows that she can afford a discount of $500. Using the redistribution percentages, the money goes like this.
The customer pays the entire price of $4500.
50% to customer
50% of $500 goes as cash back on the customer's FlexCard = $250
The store owner marks the price of the dress to reflect that discount to be given as cash back on the FlexCard
50% to FlexKom
30% of $500 goes to the store owner/franchise owner = $150
20% of $500 goes to FlexKom to run the entire system etc = $100
The customer is happy.
The store owner is happy.
Everyone is a WINNER.
By giving away discounts and then returning them to customers as cash back, word will spread to the public and many customers will flock to that store to get a FlexCard from that shop, to get cash back. Loyal customers will soon grow and enjoy the ultimate FlexKom shopping experience.
ADDED BONUS
The added bonus for the shop owner is that everywhere that her new customers shop at FlexKom franchised shops, she earns residual income on each transaction when her loyal customers purchase.
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