Highway 8: Open Space Parking Lot

highway 8: open space parking lot

where to do shopping

major online shopping stores

high commission online shops

100% commission on club's products

brick & mortar stores

_{Are you running a brick and mortar business? Register your business with World Customer Hub.}

_{Sell quality products or provide excellent service if you are in the service
industry.}

_{Give the agreed commission at the agreed time.}

_{Once you register your business with World Customer Hub, you
will get a business membership number.}

_{When a customer purchases products from you and presents
his/her membership number, give them a simple receipt that will show:}

_a)_{Receipt number}

_b)_{Date of receipt}

_c)_{Total value of the purchases}

_d)_{Customer membership number}

_e)_{Your business membership number}

_{The formula for calculating how much commission to give to
your customers is not cast in stone. Here is one method:}

_{Write down the product that gives you an average profit
(medium amount of profit). Write down the selling price of the item and how
much profit it brings.}

_{Look at this profit and ask yourself; ‘How much commission
would I be happy to give to someone who buys this product?’}

_{Assuming your answer is amounts to 5% of the gross
profit. Then do the following: CALCULATE this amount as a percentage of the
selling price of the item.}

_{Use the answer you get to calculate all future
commissions on the whole gamut of the products you sell.}

_{For example: You operate a grocery store and one item that
brings in an average profit sells for US $10 and has a gross profit of $1.}

_{You want to start by giving a commission of 5% of your gross
profit. In this example, 5% of $1 dollar is 0.01 dollars. Now put 0.01 dollars
as a percentage of the selling price of the item.}

_{The answer is 0.1%}

_{You will give a commission of 0.1% of the shelf price of the
items you sell.}

_{If the customer buys goods worth $30, his commission is 30 x
0.1% = 0.03 US dollars.}

_{Please note that, unlike grocery shops, some businesses have a
much higher profit margin, which will raise the customer’s commission.}

_{Note also that, shopping is a daily and continues activity.
The customer’s accumulated commission will increase quickly over time and as
the customer buys items from various brick and mortar businesses. Businesses
will give differing rates of commission. Some items have much higher profit
margin than others.}

_{Brick and mortar businesses that provide services to clients
will use the same or similar formula to calculate the commission they will give
to clients.}