Cosway Stockist FAQ

Report
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.
– 2nd month: 2 BOs
– 3rd month: 4 BOs
– Each BO purchased 1000ev on 1st 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 3 - 4
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.
Yes
No
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
Inside
your
territory
• Pro: Less 1000ev.
• Con: Less one cheque. (monthly)
• A collected cheques A, B, C
• D collected cheque D
Outside
your
territory
• Con: Additional 1000ev.
• Pro: Extra one cheque (monthly)
• A collected cheques A, B, C, D
Accumulation
Accumulation
•
•
•
•
•
•
•
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 RM50.
• 200 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 

similar documents