For the purpose of this review, I am only considering the basic fact that by becoming a Lyoness member FOR FREE you will directly be able to save money (in the form of a cashback of between 1 and 5% on every dealings), besides as a number of Shopping Points (explained later) on most shopping that you would ordinarily do anyway. By recommending the saving you are making to all of your friends (after all, what are friends for?), you can save even more! The Lyoness operation is by all odds a win-win for shopper members and merchandisers alike, but how does it work, and are there any areas that could possibly be improved?
From the shopper's point of view, the overall conception could not really be any simpler. Getting started is free, and there are no on-going rank fees. All the shopper has to do is to make a point that he or she makes as many of their usual purchases as possible from local or online Lyoness Merchants. By making sure they frequent a Lyoness Merchant to do their normal shopping, they would be assured that every sale will generate a cash back of between 1 and 5% of their total spend.
There are also 'Friendship' bonuses and 'Shopping Point' bonuses that can also be attained gratis on top of these already amazing nest egg. Introduce these advantages to a friend and you directly start earning a ' Friendship Bonus' supported their level of shopping done in Lyoness Merchants. When these friends introduce the Lyoness card to their friends (and why shouldn't they?) you will earn this Friendship Bonus from their disbursement besides. Imagine if you introduce just 5 friends a calendar month, and they do the same...
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There is even a free upgrade to Lyoness's 'Lyconet' cyberspace merchandising package that will enable you to broaden your reach to friends around the world, with at to the last degree other 8 way of generating a substantial income. There are already nearly 50 countries swallow Lyoness, with many more to follow. With Lyoness expressed intent to become the biggest company in the world by 2020, it would seem to add up to get involved now - especially as it will cost you nothing.
What about the merchandiser? After all, cipher in their right mind will offer a 1 - 5% cash discount to every Lyoness member unless there was something in it for the seller!
Every merchandiser's business necessarily to invest money in characteristic new clients, so making sure these new shoppers remain loyal to them. In exchange for the various Member Benefits offered to the shopper, Lyoness will put into operation a very powerful merchandising support program that will not only drive new business to the merchandisers, but also help the merchandiser to create a strong loyalty bond with these new and existing clients. This is through with the help of a very useful online search facility from a PC, laptop, or smart phone that can identify Lyoness merchandisers in the shopper's current locality.
Once a merchandiser has secured a new client, to keep them fastened in, there is other incentive, in the form of 'Shopping Points'. I will not come in the mechanism of these Shopping Points here, but in brief, every time you spend 90 with a Lyoness Merchant, you accomplish one or more Shopping Points. There is no need for the shopper to spend this much in one visit, so two or three or many trips a calendar month could easily add up to one or more Shopping Point awarded. Each Shopping Point is worth from minimum 4.50 in further discounts on already attractively priced deals from elite Lyoness Merchants. Some merchandisers will use this facility to increase a bonus to attract business in certain areas, and may give more than 1 Shopping Point per 90 spend.
For those of you old enough to remember Green Shield Stamps, this was a very early 'open' loyalty scheme (not tied to any one company, unlike say a Tesco Club Card), where my car did not choose to keep going BP, Shell, Texaco, or Jet Petrol, but on the garage giving away the most Green Shield Stamps. I would drive miles out of my way for 'Quad Green Shield Stamps', and that is the effect that Lyoness is beginning to recreate - with far more benefits.
When you consider that Nectar merchandisers (other common 'open' loyalty card) now have over 90 million regular clients as opposed to Lyoness's total of around 5 million now and their optimistic target 1 Billion by 2020, you can see that if these targets are to be met, everyone involved now will be really grateful they did in just few years' time. But who gets paid to recommend Nectar Points to their friends?
The levels of nest egg even when just considering the free cashback facility, and the Shopping Points, where you are already disbursement say 500 calendar monthly anyway, can be really worthwhile. Add thereto the 'Friendship Bonus' earnings you can get from just referring friends to sign gratis so save money besides on their 'Anyway Spend' calendar monthly money, and this can be other money spinner. You can even earn that 'Friendship Bonus' on friends that YOUR friends recommend. Imagine if you got ten of your friends calendar monthly sign language up to save money, and they then do the same to ten of their friends.
Used in conjunction with any existing Store Customer Loyalty cards, the Lyoness shopper gets the best of all the special offers and other loyalty schemes. For instance, if a Lyoness member shops on a regular basis in one particular store, and holds a Loyalty card specifically for that store, not only will they get their Lyoness cashback paid into the bank account, they will also benefit from the offers made from the store they are visiting.
You would be very astounded and affected at the range and calibre of Lyoness Loyalty merchandisers already involved in this, but although rank is free, it is by 'invitation only' from other Lyoness member, so if you want to be pleasantly astounded, speak to a legendary existing Lyoness shopper, and ask them to sign you up.
But it is not just the large chain stores that can become sanctioned Merchants, and Lyoness are making great efforts to court and encourage small to medium size businesses, such as local markets, dentists, hairdressers, and other local specialist stores to become Lyoness SME Merchants. It is outside the scope of this review to describe the Lyoness SME program, but serve it to say that where a small firm joins the scheme, not only will they get a massive amount of merchandising support, and if sanctioned, a unique drain basin for their new clients from Lyoness, but also other massive boost to their income.
If an SME such as a local market cum deli has say several hundred existing regular clients, then where a percentage of these clients sign for a unique free Merchant/Lyoness rank, if they spend say 50 calendar monthly in the SME store, but also spend some 500 or more calendar monthly in other Lyoness outlets ( the list is growing daily), every time any one of these clients gets a haircut, has a pizza, drinks a coffee, or does their calendar monthly shop in other big Lyoness Loyalty Merchant - the SME owner gets 1% of the total spend from their loyal client base - and an extra 0.5% from their friends that also sign gratis Lyoness rank.
It is not just the humdrum regular shopping involved here. As well as groceries, gas, gas and electricity, the conception from Lyoness is that eventually you should be able to buy just about any product or service from a Lyoness Loyalty Merchant. How about a howling overseas holiday, a new kitchen suite, or even a new Mercedes? Imagine introducing a friend who then goes out and buys a new car via Lyoness. What a howling Friendship Bonus that would create for you?
By acquiring your friends and family involved in these nest egg besides, you actually have the basis of a very easy word-of-mouth referral business, which could grow into a powerful home-based business.
If your friends then recommend their friends to join Lyoness besides, then you will also get the same level of commission (0.5%) from their disbursement besides. I know this may seem small, especially if each friend only spends say 200 per calendar month at Lyoness merchandisers, you will get just 1 paid in your bank. But say you introduce 10 friends, and they introduce a further 10 friends, you will then have some 100+ friends earning you in total the grand sum of 100 calendar monthly. Imagine if you introduced 10 new friends calendar monthly, and they all spend over 500 calendar monthly on food, gas and entertaining...
You can accelerate the growth of this home based business if you wish by upgrading (again for FREE) to the Lyconet cyberspace merchandising solution, and possibly even go International with your members. This will enable you to follow Lyoness's Career Path Program, which, at Level 8, they reckon will be able to generate in excess of 50,000 calendar monthly.
So this all sounds great, and possibly too good to be true - so what about the down side (if any?)
What can be the downside in connection an International Shopping Community with a Free rank, just making sure you spend your 'already spend' calendar monthly money in any Lyoness Merchants (on or off line stores). This will ensure:-
- Getting up to 5% cashback on every dealings paid into your bank every Tuesday
- Getting one or more Shopping Points (worth around 4.50 in extra discounts from product and services from the ever-expanding Lyoness Shopping Mall) as a loyalty bonus for every 90 spent
- Getting an on-going Friendship Bonus just for recommending your friends to join - which goes down 2 levels
- Expanding your network of potential friends by upgrading to a Lyconet Member (Lyoness network seller - also free to do), where you can build a very rewardable international home business, with as many levels as you can create.
I am by all odds starting to look at this chance in more detail and have already registered in Lyoness's merchandising division, the Lyconet cyberspace merchandising facility, which is the next stage in building a no-hit home based business with Lyoness.
With all of the improvement that I have now seen in the pipeline, now is the time to get involved in what is looking like becoming the largest company in the world by 2020. Better to get on the inside feeling warm and cosy than on the frozen outside.
