Update On Cosway Pharmacy

Up to date, there were already 58 established cosway pharmacy stores. Some pharmacy stores are under renovation and newly opened so these stores are not listed in cosway main website. According to news from the latest cosway pharmacist who had just opened his cosway pharmacy (end of october 2012), he said he was already given number 70+ out of all existing cosway pharmacy stores. So the number of stores is indeed growing fast.


Now, Provisionally Registered Pharmacists (PRPs) can be trained under the cosway pharmacist with less than four years experience after the HQ negotiated with the Pharmacy Board. However, final marking will be done by the pharmacist in cosway HQ.

Update On The Distribution of Cosway Pharmacy

Within one month time since my last post, there were already a few newly opened Cosway Pharmacy outlets, 5 in Selangor and 1 in Sabah as highlighted in red colour. There will be few going to open either this month or next month in Selangor and Johor Bahru as the shops are still under renovation at time being.

Selangor  - 25 stores (Taman Megah Cheras, Taman Segar Perdana Cheras, Bandar Teknologi Kajang, Taman Kajang Prima, Taman Prima Saujana Kajang, Bandar Sungai Long Kajang, Bandar Mahkota Cheras Kajang, Taman Taming Jaya Balakong, Bandar Puchong Utama, Bandar Baru Puchong Jaya, SS3 Petaling Jaya, SS7 Kelana Jaya, Seksyen 1 Petaling Jaya, Bandar Sri Damansara Petaling Jaya, USJ 19 City Mall Subang Jaya, Bandar Bukit Tinggi Klang, Taman TDI Jaya Shah Alam, Bukit Jelutong Shah Alam, Setia Alam), Bandar Tun Hussein Onn, Bandar Sunway PJ, Paramount Gardens, Jalan SS 19/6 Subang Jaya, Jalan Tengku Ampuan Zabedah G9/G )

Sabah – 6 stores (Suria Sabah Shopping Mall KK, Api-Api Centre KK, Grand Plaza Putatan KK, Taman Foh Sang Luyang KK, Plaza Kingfisher KK, Lintas Plaza Luyang KK)

Lets see again after a month time. :)

Current Distribution of Cosway Pharmacy Stores In Malaysia

To date, Cosway already had cosway pharmacy stores opened in Japan, China and Mexico. How about in Malaysia?


In Malaysia, the number of Cosway Pharmacy stores had grown steadily at faster pace throughout the first few months since the opening of the very first Cosway Pharmacy at Berjaya Times Square, KL. I remember before I went to oversea a week ago, I did check the number of Cosway Pharmacy opened to date and it was about 30 stores. When I recheck again after I came back a week time, I realized there were already 39 stores! You can count it below:

Kuala Lumpur  - 7 stores (Putrajaya, Berjaya Times Square, Pandan Indah, Taman Batu, Pudu Ulu, Kelang Lama, Taman Tun Dr. Ismail (TTDI)

Selangor  - 20 stores (Taman Megah Cheras, Taman Segar Perdana Cheras, Bandar Teknologi Kajang, Taman Kajang Prima, Taman Prima Saujana Kajang, Bandar Sungai Long Kajang, Bandar Mahkota Cheras Kajang, Taman Taming Jaya Balakong, Bandar Puchong Utama, Bandar Baru Puchong Jaya, SS3 Petaling Jaya, SS7 Kelana Jaya, Seksyen 1 Petaling Jaya, Bandar Sri Damansara Petaling Jaya, USJ 19 City Mall Subang Jaya, Bandar Bukit Tinggi Klang, Taman TDI Jaya Shah Alam, Bukit Jelutong Shah Alam, Setia Alam)

Sabah – 5 stores (Suria Sabah Shopping Mall KK, Api-Api Centre KK, Grand Plaza Putatan KK, Taman Foh Sang Luyang KK, Plaza Kingfisher KK)

Sarawak – 1 store (Kota Sentosa Commercial Centre, Kuching)

Penang – 4 stores (Taman Bagan Ajam Butterworth, Paya Terubong, Taman Usahaniaga Bukit Mertajam, Sunway Carnival Mall Seberang Jaya)

Kelantan – 1 store (Kota Kenangan Jalan Hospital,Kota Bharu)

Johor – 1 store (Taman Johor Jaya, Johor Bahru)

I truly believe the number will grow even larger soon , perhaps about 80-90 Cosway Pharmacies at the end of 2012. Soon, Cosway Pharmacy will be as established as other big chain pharmacy stores such as Guardian, Watsons and Caring. Lets see!

How You Profit Through Profit Plan?

Well, here I will explain the profit plan gained by the business owner (eCosway Pharmacist/store operator).

If you can get six stockist/pharmacist under you network, your income will be five figures. How? I will explain it below.

Whenever you or anyone in your network makes an eCosway sale or purchase from any of our stores, it generates “eVolume” (eV). eV is the sales volume value assigned to each product.

Every month, eCosway calculates the eV generated by your network and pays you four types of profits:

• Retail Profit
• Branch Override
• Branch Performance Incentive (BPI)
• Extra Incentive (EI)

Note: For the calculation of monthly profits, 1 eV = 1 eDollar =RM3.50(SGD/BND1.50)
Your profits will be paid to you on a monthly basis.

Retail Profit: When you sell the products to your customers at the suggested retail price, you will earn the difference between the retail price and your discounted price. On top of that, up to 23% retail profit will be paid on the monthly eVolume (eV) generated by your Personal Sales (comprised of your own purchases plus the purchases of your VIP Shoppers). Even though retail profit is only paid on your Personal Branch, the percentage you get is based on the volume of your entire network, so the bigger your network, the more profit you get from your personal purchases and retail sales. Branch Overrides: You will earn an overriding percentage on the eV generated by each of your BO branches, based on the difference between your eligibility percentage and theirs.The Retail Profit & Branch Overrides chart (beside) is used to determine this eligibility.

Retail Profit & Branch Overrides eVolume (eV) Profit (%) 50 2% 150 3% 300 4% 500 5% 1,000 6% 2,000 7% 3,000 8% 4,000 9% 6,000 10% 8,000 11% 10,000 12% 12,500 13% 15,000 14% 17,500 15% 20,000 16% 22,500 17% 25,000 18% 30,000 19% 35,000 20% 40,000 21% 45,000 22% 50,000 23%

Branch Performance Incentive (BPI):
You will receive a fixed amount based on the volume of each of your BO branches (including your Personal Sales) that exceeds 500 eV each month (except your highest eV Branch which serves as the qualifying branch for this incentive). Please refer to the chart for the amount you receive per branch.

Each Branch eV BPI (eDollars) 500 $20 1,000 $40 1,500 $60 2,000 $80 2,500 $100 3,000 $125 3,500 $150 4,000 $200 4,500 $250 5,000 $300 5,500 $375 6,500 $450 8,000 $525 10,000 $600 12,500 $675 15,000 $750 17,500 $825 20,000 $900 22,500 $1,000 25,000 $1,100

Each Branch eV BPI (eDollars) 27,500 $1,200 30,000 $1,300 35,000 $1,400 40,000 $1,600 45,000 $1,800 50,000 $2,000 60,000 $2,500 70,000 $3,000 80,000 $3,500 90,000 $4,000 100,000 $5,000 125,000 $6,000 150,000 $7,000 200,000 $8,000 250,000 $9,000 300,000 $10,000 NO CAP! For each additional 100,000eV after 300,000 eV, you receive an additional $1,000 eDollars.

Extra Incentive (EI):
You will receive an Extra Incentive based on the volume of each of your BO branches (including your Personal Sales) that exceeds 500 eV each month (except your highest eV Branch which serves as the qualifying branch for this incentive). Please refer to the chart for the amount you receive per branch.

Minimum eV Level Extra Incentive (eDollars) 500 $25 1,000 $100 1,500 $200 2,000 $300 3,000 $350 4,000 $400 5,000 $450 6,000 $500 7,000 $550 8,000 $600 9,000 $650 10,000 $700 12,000 $750 14,000 $800 16,000 $850 18,000 $900 20,000 $1,000 25,000 $1,100 30,000 $1,200 35,000 $1,400 40,000 $1,600 45,000 $1,800 50,000 $2,000

Note: If you have branches with less than 500 eV, you can still earn an Extra Incentive by combining the volume to meet a qualifying eV level (as shown on the left side of the table). However, the eV of combined branches cannot exceed (and will be capped at) the eV level of your qualifying branch.

How To Qualify For The Extra Incentive (EI) And Keep The Additional Profit Centre(s):On joining, you will be given 2 additonal profit centres directly under your main profit centre.

 

The amount of Extra Incentive (EI) you can earn and Profit Centre(s) you can keep depends on the Personal Sales Volume (eV) that you generate within 30 days of your joining date. You can either buy or sell the products to generate the eV based on the eV set booklet. There will be an eV set booklet provided once you join as business owner (RM 100 application fee). 1000 eV is the maximum amount you can purchase and the good thing is you get more profit centre and earn lots more. Once the qualification is determined, it stands for the duration of your Business Ownership.

               Note: 1000 eV will have 7 profit centres in total (updated source)

This special EI & Profit Centre qualification eV can only be fulfilled from the sales of our Special eV Product Sets. eV from the sales of other products will not be included.

 Special eV Product Sets
As an incentive for you to try cosway products and promote them to friends and relatives, cosway is offering  specially packaged products at much higher discounts than usual. You can choose to purchase one or more product sets up to maximum of 1,000 eV per Business Owner.

These Special eV Product Sets can only be purchased within the first 30 days of your joining at the store where you registered.
If you do not meet the special 1,000 eV product set qualification within 30 days from your joining date, the 2 additional profit centres will be removed as follows:

How The eCosway Profit Plan Works 

 

  

Note: Example above assume that you have at least 15 eV and the required QUs to qualify for the profits. However, it will depend on your need. If your network can assure your earning at one particular month, then you can get the 15eV to gain the all the profits. Otherwise, you don't need to. What is best after all is that you will gain these four types of profit in USD dollar!

Cosway Partner Merchant

Thousands of merchants where you can shop and get reward!

1) CARDS MERCHANTS

 shopping anywhere, buy anything and get reward!!!!

eCosway AmBank MasterCard 

eCosway AmIslamic Bank Al-Taslif MasterCard 

Get more from shopping and dining at eCosway Partner Merchants and Cash-In Merchants.

Earn eVolume (eV) or Card Value Points (CVPs) on every purchase you make using your eCosway Credit, Payment and/or Rewards Card.

 

2) Phone Usage

Earn Up To RM150 For Each Introduced Subscriber, Get Free 3G Phone & Free Phone Calls with U Mobile!

Subscribe to any U Mobile Cosway Rate Plans and turn something as fundamental as daily mobile phone usage into an extremely rewarding experience!

1. Earn MONEY when you introduce others who subscribe

Get your friends and those in your network to sign up with U Mobile and earn an incentive of up to RM150 per line . The more people you introduce to subscribe to U Mobile, the more money you will make!

2. Enjoy free calls & SMSs within U Mobile's 018 network

You can enjoy free calls among up to 5 family members who subscribe to U Mobile using your own Cosway Membership Account Number, Business Owner ID or VIP Shopper ID. You can call everyone else in your network and friends for free by having them sign up as a Cosway Member, an eCosway Business Owner or a VIP Shopper and subscribe to U Mobile too!

3. Enjoy special benefits with U Mobile Cosway Rate Plans:

• FREE 3G mobile phone with selected plans
• FREE voice and video calls, sms, mms within the 018 network
• The convenience and benefits of a postpaid plan for as low as RM50 a month - a smart alternative to prepaid packages!
• And more (More details in the brochure and online.)

4 . Benefit from the latest 3G technology :View and chat feature allows you to keep close to your network, friends and family. Great for product demonstrations and video conferences with your members and prospects.

NOTE: You can earn eV and CVPs when you pay for your package subscription and phone usage charges with your eCosway AmBank Credit Card.

 [Dr, Kaizad Heerjee (left), Chief Executive Officer of U Mobile Sdn. Bhd & Mr. Yeap Dein Wah (right), Director of Cosway (M) Sdn. Bhd]

eCosway’s Success Formula

It is important to know eCosway's Success Formula before deciding to join as a business owner (the eCosway pharmacist/store operator). It will be a good reference for those who want to become a store operator of either eCosway Pharmacy/eCosway. However, for the pharmacist, it will be helpful as well because pharmacist will be partnering at least with a store operator if they intend to open a cosway pharmacy store. After all, most information will apply to both the pharmacist and the store operator.

eCosway’s Success Formula:

Products

When it comes to products and business success, there are two factors that really matter – quality and variety. For over 30 years, eCosway has built alliances with world-renowned raw material and ingredient suppliers, reputable manufacturers and researchers around the world. The result is an ever-growing, wide range of high quality products (literally the “best of the best”) across a broad spectrum of categories including daily consumables that are always in demand and exciting products that create new interest and drive sales.

Ever-Growing Product Range includes:

 

Thousands of Product: http://www.cosway.com.my/main_product.htm

 

 

 

Prices

Most network marketing companies overprice their products. This hinders repeat sales. eCosway prides itself in offering quality products at very competitive prices, resulting in growing sales from new and loyal customers. 

Promotions

eCosway’s innovative Purchase Rewards Programme lets shoppers enjoy low prices and thrills them with various promotions like discounts, new product offers, purchase-with-purchase specials and exciting reward items.

Physical Distribution

You’ve probably heard that the key to business success is ‘location, location, location!’eCosway stores are easily accessible because stores are opened in high-density residential areas, hypermarkets and shopping malls. Unlike most MLM companies that have limited distribution channels, eCosway’s extensive reach and growing presence give shoppers convenient and easy access.

Profit Plan

When you join eCosway as an Independent Business Owner (BO), your goal is to build a network of VIP Shoppers and Business Owners (eCosway’s pharmacist/store keeper) like yourself. The combination of eCosway’s unprecendented global business opportunity and unique, no breakaway Profit Plan allows you to build a fast, lucrative and everlasting income from the continuous and unlimited growth of your global network of consumers and Business Owners. You can even “will” your eCosway business to your heirs, benefiting your children and generations beyond.

Earn or Win - The Choice is Yours!

 eCosway doesn’t stop at offering great products at attractive prices. We also run promotions and an exciting shopper rewards programme. This keeps consumers happy, and keeps your sales rolling in every month.

 

REWARD PROGRAM IN MALAYSIA, SINGAPORE AND BRUNEI

Redemption Points (RPs)

 Everyone who joins eCosway as a Business Owner gets 20 Redemption Points (RPs) that can be used to get up to 20% discount off products of their choice.

One RP is also awarded for every RM50 (SGD/BND25) spent in a single invoice (even if the invoice includes discounted items). You also get RPs with your Special eV Product Set purchases. 

Enjoy up to 20% off the retail price when you purchase using RPs:

Product Category Discount with RPs N 20% T 15%

N or T Category Products

Product with retail price of above RM40 (SGD/BND25) Product with retail price of RM40 (SGD/BND25) For 1 product Use 2 RPs For 1 product Use 1 RP For 2 products Use 3 RPs For any 2 products (with retail price of RM10 (SGD/BND5) or below per product)

Note:

• RPs cannot be used for discounts on P, S, R or H category products.
• eVolume (eV) awarded for products purchased using RPs is 40% of the retail price eV (except for Special RP Sets and Special eV Product Sets).

With this continuous stream of RPs, you can enjoy perpetual discounts on your favourite products. You can also convert your RPs to Card Value Points (CVPs) i.e.
1 RP = 3 CVPs, and use them to participate in our CVP Auction.

 

Redemption Coupons (RCs)

On top of the product discounts you receive, you also get Redemption Coupons (RCs) that can be exchanged for products or used to purchase products at deeply discounted prices. You get 1 RC for every RM 30 purchase based on net value in a single invoice, and extra RCs from monthly total sales as follow:

Total Monthly Purchases	RCs
RM 150	8
Every subsequent RM 100	4

                                                    

Hundreds of Redemption Product:

http://www.cosway.com.my/promotion/redemption/redeem1.htm

eCosway Co-Branded Bank Cards

You are also entitled to apply for an eCosway Co-Branded Bank Card. Every time you change  anything to your eCosway Co-Branded Credit Card or Payment Card, you will chalk up eVolume (eV) and Card Value Points (CVPs).

 

 

Card Value Points (CVPs)

Business Owner get CVPs whenever they use their eCosway Co-Branded Bank Card to pay for anything, anywhere in the world. With CVPs, you can bid for fabulous prizes in the online CVP Auction.