Welcome
to the wonderful world of happiness !!
Do
you like to do shopping like me? Yah…… I know
your answer is a big YES !
Shopping,….
Shopping,……Shopping, …and again Shopping.
Interesting, Really very interesting !
But
if you want to continue shopping like this, your wallet
must do some magic of filling it again and again with money.
Yes,
friend, here is something very interesting for all of us
to have such a magical wallet!
It
is not only shopping friend, it is your eating out, holidays,
hospital expenditure, school fee, phone bills, and what
ever you can imagine which needs to be paid!
Do
you want it…..?
Then
read on.
I
am introducing to a wonderful concept generated by Mr. Noel
Decruz from India and presented to the world. It is an excellent
Patent Pending concept developed by him adopting the Mother
Nature. The nature works on the principle of Re-Cycling.
To
understand his concept, I am taking the example which we
all are familiar with. The well accepted and admired Credit
Card system. Like any new idea, when credit cards were introduced,
it was hard to believe. People were reluctant to apply for
a credit card. But now it is a common thing and all of us
know about it. Most of us carry at least one in our purse.
It comes handy at times to carry on with our life. We all
know the merits and demerits of credit cards as consumers.
Let
us examine how the credit cards benefit the merchant outlets.
1.
It ensures a fool proof method of trading on credit.
2. Accepting credit cards drives in more customers.
3. The sale volume per customer increases due to impulse
buying.
Now
let us see what the merchant outlets have to do to be able
to accept credit cards. They sign up an agreement with the
credit card marketing companies (like banks and other financial
institutions) by complying with the prerequisites like,
initial cash deposit, purchase or lease of necessary equipments
etc. They will also have to agree a predetermined percentage
of sales volumes generated through credit cards as commission..
Generally it ranges from 2 to 3 %.
The
merchant is reimbursed the transaction cost by the credit
card companies after reducing the commission. Hence it is
clear that the merchant has to spare about 3 % of sales
volume to be able to join the club of Merchant Establishments
of credit card companies.
The
above commission is shared by the credit card company and
their marketing associates. This is the profit for them.
But nothing is given to the consumers. Apart from this the
consumer also pays extra money by way of interest, late
payment fee, etc.
We
also know many among us were caught the debt trap of credit
cards.
The
above system was narrated just for having an understanding
about the credit card system.
The
new concept which I am introducing is not at all like this.
It is simply a Global Loyalty Programme.
You
understand the meaning of loyalty. Today, every merchant
is struggling hard to make the customers loyal to them.
In this system, the customers are given monetary rewards
for being loyal to the merchants tied up in this system.
Let us see how this loyalty is ensured.
The
system assures the consumers that whatever money you spent
through the merchant outlets in this system, is given back
in multiples after a period of time depending upon the global
volume of transactions.
So
friend, I am coming to the point how you will be getting
rich online !!!
The
money to pay back expenditure of customers is generated
from an amount spared by the merchant outlets. Let us assume
there is something called Global Loyalty Pool to collect
all this money.
And
don’t worry. There is no huge amount to be spared
by the merchants. It is merely 3% of the transaction amount.
So nothing really much.
To
have clear understanding and to avoid confusion I have further
divided this article in to two. One for consumers and other
for Merchant Outltes. Click on the appropriate links below:
Getting
Rich Online for Consumers Getting
Rich Online for Merchant Outlets.
