For the purpose of this review, I am just considering the basic fact that by becoming a FREE Lyoness member, you will also be able to save money right away (in the form of a 1-5% refund on every transaction). as a number of Shopping Points (explained later) on most purchases you would normally make anyway. By recommending the savings you’re making to all of your friends (what are friends for after all?), You can save even more! The Lyoness operation is definitely beneficial to both buyer and merchant members, but how does it work? Are there areas that could possibly be improved?
From a buyer’s point of view, the overall concept couldn’t be simpler. Getting started is free and there are no ongoing membership fees. All the shopper has to do is make sure they make as much of their regular purchases as possible at local Lyoness merchants or online. By ensuring that they frequent a Lyoness merchant for their normal purchases, they would be assured that each sale will generate a cash back of between 1 and 5% of their total spend.
There are also ‘Friendship’ bonuses and ‘Purchase Points’ bonuses that can also be obtained for free in addition to these already incredible savings. Present these benefits to a friend and you will immediately start earning a ‘Friendship Bonus’ based on your level of purchases made at Lyoness Merchants. When these friends present the Lyoness card to their friends (and why shouldn’t they?), You will also earn this Friendship Bonus with their expenses. Imagine if you introduce only 5 friends a month, and they do the same …
There’s even a free upgrade to the Lyoness ‘Lyconet’ internet marketing package that will allow you to extend your reach to friends around the world, with at least 8 other ways to generate substantial income. There are already nearly 50 countries living with Lyoness, with many more to follow. With Lyoness stated intention to become the world’s largest company by 2020, it seems to make sense to get involved now, especially since it won’t cost you anything.
And the merchant? After all, no one in their right mind will offer a 1% to 5% cash discount to every Lyoness member, unless there is something for the seller!
Every merchant’s business needs to invest money in identifying new customers and then ensuring that these new buyers remain loyal. In exchange for the various Member Benefits offered to the buyer, Lyoness will put in place a very powerful marketing support program that will not only drive new business to merchants, but will also help the merchant build a strong loyalty bond with these new and existing. customers. This is done with the help of a very useful online search function from a PC, laptop or smartphone that can identify Lyoness merchants in the buyer’s current location.
Once a merchant has secured a new customer, to keep him locked in, there is another incentive, in the form of “Purchase Points.” I won’t go into the mechanics of these Shopping Points here, but in short, every time you spend £ 90 with a Lyoness merchant, you earn one or more Shopping Points. The buyer does not need to spend so much money on a single visit, so two, three or many trips a month could easily add up to one or more Shopping Points awarded. Each Shopping Point is worth a minimum of £ 4.50 in additional discounts on attractively priced offers from select Lyoness merchants. Some merchants will use this feature to increase a bonus to attract business in certain areas and may award more than 1 Purchase Point for every £ 90 spent.
For those of you old enough to remember Green Shield Stamps, this was a very early ‘open’ loyalty scheme (not tied to any company, unlike a Tesco Club Card), where my car did not choose to run on BP, Shell, Texaco or Jet Petrol, but in the garage giving away the most Green Shield stamps. I’d drive miles out of my way for ‘Quad Green Shield Stamps’, and that’s the effect Lyoness is starting to recreate, with many more benefits.
If you consider that Nectar © (another common ‘open’ loyalty card) merchants now have over 90 million repeat customers compared to Lyoness’ total of around 5 million today and their optimistic goal of 1 billion to 2020, you can see that if these goals are everyone involved today they will be truly grateful to have done it in just a few years. But who gets paid to refer Nectar Points to their friends?
The levels of savings, even when only the free cash back feature is considered, and Shopping Points, where you’re already spending £ 500 every month, can still be worth it. Add to that the ‘Friendship Bonus’ earnings you can get by simply referring friends to sign up for free and then save money on your monthly ‘Spend Anyway’ money as well, and this can be another money spinner. You can even earn that ‘Friendship Bonus’ with friends that YOUR friends recommend. Imagine if you got ten of your friends to sign up each month to save money, and then they did the same with ten of their friends.
Used in conjunction with any existing store customer loyalty card, the Lyoness shopper gets the best of all special offers and other loyalty schemes. For example, if a Lyoness member purchases regularly at a particular store and has a loyalty card specifically for that store, they will not only receive their Lyoness refund to the bank account, but will also benefit from offers made in the store. in which it is. They are visiting.
I would be very surprised and impressed by the variety and caliber of Lyoness Loyalty merchants already involved in this, but while membership is free, it is by ‘invitation only’ from another Lyoness member, so if you want to be pleasantly shocked, talk to a known Lyoness buyer and ask them to register you.
But it’s not just large chain stores that can become approved merchants, and Lyoness is going to great lengths to woo and encourage small and medium-sized businesses such as local grocery stores, dentists, hairdressers, and other local specialty stores to become. at Lyoness SME. Merchants. It is outside the scope of this review to describe the Lyoness SMB program, but suffice it to say that when a small business joins the scheme, not only do they get a lot of marketing support and, if approved, a unique catchment area. for your new Lyoness customers, but also another big boost to your revenue.
If an SME, like a local grocery store with delicatessen, has, for example, several hundred regular customers, then when a percentage of these customers sign up for a free one-time Merchant / Lyoness membership, if they spend, for example £ 50 a month at the SME store, but they also spend around £ 500 or more a month at other Lyoness outlets (the list grows daily), whenever any of these customers get a haircut, they eat a pizza, have a coffee, or do your monthly shopping at another great Lyoness Loyalty Merchant – SME owner gets 1% of total spend from their loyal customer base and an additional 0.5% from their friends who also sign up for a free Lyoness membership.
Here it is not just about the usual boring shopping. In addition to groceries, gasoline, gas, and electricity, the Lyoness concept is that you should eventually be able to purchase almost any product or service from a Lyoness loyalty merchant. How about a wonderful vacation abroad, a new kitchen, or even a new Mercedes? Imagine introducing a friend who then goes out and buys a new car through Lyoness. What wonderful Friendship Bonus would I create for you?
By getting your friends and family to participate in these savings as well, you actually have the foundation of a very easy word-of-mouth referral business, which could become a powerful home-based business.
If your friends also recommend their friends to join Lyoness, you will also get the same level of commission (0.5%) on their expenses. I know this may seem small, especially if each friend only spends, say, £ 200 per month at Lyoness merchants, you will get only £ 1 paid to your bank. But let’s say you introduce 10 friends, and they introduce 10 other friends, then you will have over 100 friends who will earn you a grand sum of £ 100 each month. Imagine if you introduced 10 new friends every month, and they all spend over £ 500 every month on food, gas and entertainment …
If you wish, you can accelerate the growth of this business from home by upgrading (again for FREE) to the Lyconet internet marketing solution, and perhaps even going international with your members. This will allow you to follow the Lyoness Career Path Program, which, at level 8, estimate that you will be able to generate more than £ 50,000 each month.
So this all sounds great, and perhaps too good to be true, so what about the downside (if there is?)
What can be the downside of joining an international shopping community with a free membership? Just be sure to spend your monthly “already spent” money at any Lyoness merchant (online or offline stores). This will ensure: –
- Get up to 5% refund on every transaction paid at your bank every Tuesday
- Earn one or more Shopping Points (worth around £ 4.50 in additional discounts on products and services from the ever-expanding Lyoness Mall) as a loyalty bonus for every £ 90 spent
- Get a continuous friendship bonus just for recommending your friends to join, which goes down 2 levels
- Expand your network of potential friends by upgrading to a Lyconet member (Lyoness network marketer, also free), where you can build a very rewarding international home business with as many tiers as you can create.
I am definitely beginning to look at this opportunity in more detail and have already signed up for Lyoness’s marketing division, Lyconet’s Internet Marketing Facility, which is the next stage in building a successful home-based business with Lyoness.
With all the improvements I have now seen in the pipeline, now is the time to get involved in what appears to be the world’s largest company by 2020. Better to be indoors feeling warm and welcoming than on the ice. outside.