Answer:
We hear this question a lot. Absolutely NOT! Komino Solutions DOES NOT REQUIRE any investment from our members. Neither initial or down the road. The only expense our members may occur at the beginning is a cost to incorporate business, like LLC or S-Corp. Usually it cost about $50 and we can always provide interest free loan to cover any startup costs, which will be paid off from your first store sales.
Answer:
Most of our members spend from 2 to 4 hours per day, depending on work load. End of the work week tends to be a little more intense due to reporting submissions, but in average our members complete their tasks spending 3 hours a day, which does not have to fall into regular day work hours. If you have full or part time job, you can arrange your Komino tasks around your schedule.
Answer:
You can consider it as both. We call it Business Opportunity with Stable Income, because once you have your first store up and running, you are getting paid every week in percentages of your store sales. Then it’s up to you either to be happy with what you have or add more efforts into store promotion, setting up second store, etc.
Answer:
It goes down to simple arithmetic, really. For new members commission payout rate is set at 5% from each completed order. Sales volume for most of our online stores ranges from $30,000 to $50,000 a month. Therefore, our members in average make from $1,500 to $2,500 per month per store with weekly payouts. However, most of our members operate from 2 or 3 stores, effectively doubling or tripling their income.
Answer:
In general, we limit member management to 3 stores as it becomes time consuming to operate more. But there is always an option if member would feel on taking more stores under management. Please contact your Business adviser for detailed overview.
Answer:
Our Business Advisers are professionals in online business industry with many years of experience in e-commerce and internet marketing. Once your initial application is accepted, you will be assigned and meet online with one of our advisers to discuss your action strategy and select products or services you will be working with. For instance, the first step will be to incorporate your business. Together with Komino adviser, you will find the best way to register your company, obtain business tax ID (FEIN), open bank account, etc.
Answer:
Negative! Building professional e-commerce website is serious and time consuming task. We have special web development department that builds all websites for our members. There will be no charge for members neither for domain name or site itself. We will do it for you absolutely free within 2 – 3 weeks after you start with Komino Solutions. While your first store is developed, it would be a good time to spend incorporating your business, getting Tax ID and opening bank account.
Answer:
Your primary job is to maintain and market your online store by writing product descriptions, reviews for products in catalog, create and maintain Facebook, twitter, and other social media accounts at your choosing, prepare daily report for sales, returns, and refunds. You also will have to keep daily track on your bank account activity and do basic bookkeeping and financial reporting. Estimate 2-4 hours per day for this activities.
Answer:
Our network of vendors and suppliers offers variety of products and services. Based on our experience, we recommend starting with something simple like online gifts, or beauty products. Once you build experience in management and marketing of your first store, then you can pick up more advanced service, like for instance, digital delivery.
Answer:
No. Without proper training and experience you can disrupt selected marketing strategy opted for your store(s). By following directions and assignments from your Business Adviser you ensure uninterrupted success of all marketing campaigns.
Answer:
Of course. If you run legitimate business this is your primary responsibility to keep your books and financial reportings in order. One of business maintenance tasks is to make sure all business registrations with state of your LLC formation are in order, as well as timely filing of necessary tax reporting. Our business advisers will provide all necessary assistance when time comes to reporting.