Hello everyone and welcome to my website! Here on network-business.org, we focus on bringing the best tips for you who are growing your own business. This article is a little different, because who can build a business without customers?
I will give you an honest, insightful and hopefully the most reassuring thought of this platform and what the benefits you can earn from it.
This article’s topic: Cashback World (CBW)
CBW is powered by Lyoness, a company that is focusing on a free cashback card. You will save money on every purchase on a loyalty merchant. Purchasing products will reward you with Cashback and Shopping points.
This article will only contain content about CBW
I do not represent the company in any way, but if you’re going to shop. Why not save money at the same time?
My purpose is not to recruit anyone to the program, but I will give you the opportunity to save money.
If you heard about Lyoness before, then you have probably heard about myWorld, Lyconet and all the other companies in the system as well. This post is all about the CBW. CBW is a fantastic system, and the founder Hubert Freidl have done a great work expanding it.
When it comes to Lyconet, myWorld, etc. I will make an own article about it in the future.
The Cashback Card
When shopping at a merchant store, you will receive these two benefits:
Cashback – When buying at a store which is a partner (both offline & online), you can earn 1-5% cash back by using your Cashback Card
Shopping points – You collect shopping points which can be used to redeem to discounts that merchant offers. 1 SP can be redeemed approximately 6 euro
Customers that have been customers before 2018 will also receive 0.5% friendship bonus from every purchase whenever these you recommend purchase something from a merchant partner.
First time I used the card, I got a text message telling me I will receive x amount of cashback and x amount of SP. I became comfortable that it worked and will probably turn it off if it can cover 70-80% of my expenses.
Do you want a Cashback Card?
You won’t get a physical card, but an electronic one. If you want a physical card, you can visit a loyalty merchant, and get one for free.
You can also download the Cashback APP
You can download it from Google Pay for Android or App Store from apple
This picture to the left is a screenshot of the Cashback APP from by phone.
This picture to the right is a screenshot from my back office. Showing the benefits as a customer.
If we consider 1 SP worth 6 euros, by 134,69 SP will have a value of 853.64 euro which I can redeem in deals.
There are over 120.000 loyalty merchants!
There are merchant marketers who are educated to recruit new merchants. They get a presentation, and then they can choose if they want to be a loyalty partner. The goal is to have enough partners to cover 70-80% of our expenses.
If the company decided to join the program, then they can choose how much CB and SP they will give to the customers, and they will keep their existing loyalty program as well if they got one.
Will an extra benefit attract more customers? Of course, it will.
That’s the reason companies have their loyalty system for the first time, to attract customers and make them come back.
For each sale, the merchant needs to pay 10% conveys commission to the company.
Conveys will cover the following:
- 5% Cashback and Shopping point which will go to the customer
- 1% friendship bonus
- 1% to charity
- 3% will go to marketers and employees within the company
Once a new merchant partner has registered, the customer volume will rise. Every marketer in that area will start to shop there instead of their competitor.
The merchant partner doesn’t need to hunt for customers anymore, but the customers come to them.
Why? An owner of a company called Byggmax told his story, before and after he joined as a loyalty partner. His experience is he doesn’t need to look for customers because the customers come to him.
Hubert Freidl and his team have done remarkable work. This company started way back in 2003
Do you want to check if there is any loyalty merchant nearby you?
Krakow, a city in Poland. In Krakow, there are over 560 loyalty partners who are a part of the loyalty program.
There are a total 47 countries that are a part of the program.
There are currently 19 countries that support eVouchers. I want to try it but haven’t found any product I need yet. In this case.
If a company offers evoucher or eVoucher, they are NOT a loyalty partner.
myWorld has bought x amount of vouchers and made a deal where if they get a discount of it, they will buy. Then they can offer CB and SP of the amount of refund they’ve gotten.
My conclusion and the future of CBW
Since Lyconet is Network Marketing, the reputation even for CBW has decreased which is very sad.
In Norway, the lottery authorities have stopped the program, but not CBW. No new merchant partner can become recruited at this point, but customers can still shop at existing loyalty merchants.
- Would I recommend using the Cashback Card? Yes
- Is it legit? Yes.
- Do I use the CB card? Yes, but there is only one loyalty partner in by area which can cover by regular expenses. That is a gas station. Because of the CB and SP, the fuel becomes cheaper than anywhere else without CB and SP.
- Can you make an income from it? No, but as a marketer, you might
- I am myself a Lyconet Marketer, but I have no intention to recruit anyone to marketers. My focus is on the customers.
In 2019, the company will use cryptocurrency, called eCredit. eCredits will be available for all merchant partners AND others which is not a loyalty partner.
Cryptocurrency is a digital currency; you can read more about it here.
eCredit will be the first cryptocurrency that has a market. The market price for one credit for the next five years will be 1 euro.
Here’s some more information about eCredit
CBW is just the beginning. It might look OK for now, but this company is growing!
The marketers don’t earn a lot now, but when we reach 2030, this will become a sensation.
More companies, chain stores, sports club and more will eventually join the loyalty program by 2030.
You might ask why?
33 936 new merchants and 40 156 new contracts have been registered so far in 2018, and this is just top 10 countries
If you have any question, feel free to comment below or contact me on email@example.com