Presentation on theme: "Cosway Stockist FAQ Prepared by Charles 27 May 2012."— Presentation transcript:
Cosway Stockist FAQ Prepared by Charles 27 May 2012
Content Cosway Stockist Benefit How to be Stockist? The structure Inside VS Outside Territory Accumulation Income
Benefits RM36,000 (7 BO accounts) to own your own business. Cosway provides – Renovated shop and monthly rentals – Rack, CCTV, POS System – Upfront Products (No pre-purchase) – Maintenance (Air con, POS system and etc) You just need to pay – Internet bill, water bill, and insurance only.
Cosway Stockist? eCosway Country Farm Organics Cosway Pharmacy Note: Cosway Pharmacy – Wait company to appoint (slow). – You find your pharmacist (fast).
How to be Stockist? (1) 1.Register as Business Owner – Fill in the Registration form. – RM100 fees. – Purchased 1000ev (RM5,000 – RM6,500) in 1st month. 2.Attend an interview. – Waiting queue around 1 to 2 months.
How to be Stockist? (2) 3.Have 6 Business Owners (BO) down line within 3 months. – 2 nd month: 2 BOs – 3 rd month: 4 BOs – Each BO purchased 1000ev on 1 st month.
How to be Stockist? (3) 4.Apply to operate stockist. – Require around 3 weeks to verify background. – No criminal and bankruptcy background. – Determine location. 5.Once application accepted, require around weeks for shop to get made available. 6.Attend 15 days operation training.
The structure The structure of 7 BOs are as below. BO A qualified to open stockist. YesNo
The structure A -> B, C, D, E, F, G (Qualified) B -> D, E, H, I, J, K (Qualified) C -> F, G, L, M, N, O (Qualified)
Inside vs Outside territory Inside your territory Outside your territory
Inside vs Outside territory Pro: Less 1000ev. Con: Less one cheque. (monthly) A collected cheques A, B, C D collected cheque D Inside your territory Con: Additional 1000ev. Pro: Extra one cheque (monthly) A collected cheques A, B, C, D Outside your territory
E has 0ev. F has 0 ev. D has 10015ev (D + H + I) F has 10015ev (F + J + K) C has 15015ev (C + F + G). B has 15015ev (B + D + E). A has 35030ev (A + B + C).
Income Stockist Income – Retail Profit Monthly Sales x 10% E.g. RM50,000 x 10% = RM5,000 – Direct Profit VIP members spending x 8% E.g. 200 VIP members. Each spending RM x 50 x 8% = RM800 Will not take into consider of ev accumulation.
Income Network Income (based on eDollar) – Retail Profit – Branch Override – Branch Performance Incentive – Extra Income 1 eDollar (e$) = RM3.50. Take consideration of ev accumulation. Every 3 nodes triangle has a cheque (all 4 network income).
Income Your income – Stockist Income + Network Income
Conclusion Too good to be true? – That why the procedure to be stockist is very confusing and time consuming. – Not an easy to ask 6 people to fork out RM5,000 – RM6,000 each. In facts, ROI is fast. – Interview and training not an easy task. – Most people bad in calculation