Coslab lifestyle package?

**melmel** · 06-11-2007, 10:24 PM

Hi. anyone heard of this? My friend promoted this to me, sounds very good but also sound like MLM..not sure of if it is good value?

akiechan · 06-11-2007, 10:47 PM

Isn't Coslab a facial centre?

**mrleech** · 06-11-2007, 11:58 PM

Quote:

Originally Posted by melmel

Hi. anyone heard of this? My friend promoted this to me, sounds very good but also sound like MLM..not sure of if it is good value?

Coslab is MLM. They are running the facial centres.

If I am not wrong, Coslab's plan is supposed to guarantee returns.
As quoted from another forum.

Quote:

Here's how it works:

U invest $5885 + 5% admin charge(if by credit card), + $50 joining fee installment 24mths. so 5885 divide by 24, each mth you pay about $245. then on 18th of each mth, they will give u cashback. This cashback is derived from their monthly gross profit. They will take out 10% and divide it among the number of participants. By the end of 18 mths, you are suppose to get back at least your 5885. If not, they will pay u till you get your capital back.

What u get:

1)Facial packages (LED light treatment) + facelift + hand parrafins + 3 boxes of Slimming supplements worth $5885 for 1yr usage.
2)Free weight management consultations
3)Monthly cashback
4)Capital return guarantee
5)Referral fees (1st referral is about $1000, will increase as u refer more people)
6 )Your referral refer people (you earn$400)
7)Earn points that entitle you to bonuses and discounts
8)Get shares when the company goes for IPO.

In the meantime, you are given the facial package worth the same amount to be used in 1 yr. So actually the minimum guarantee is that u will get your capital back and the facials will
be free. Then the cashback will be the extra amount. Plus if u refer ppl, you earn the referral fees. If your referral refers people, you get to
earn too!

The sums:

Invest $5885. Each month you pay $245 to your bank. (based on 24mths installment) You get $600 from Coslab. You earn $355. Your $5885 is guaranteed to be all back to you by end of 18mths. So, based on that, $600x18 = $10800. You paid $5885, so you get to earn at least $10800-$5885 = $4915. In all you will get $4915 (assuming you did not intro anyone) + $5885 worth of facials n products

Referrals scheme:

Eg. If you refer 5 people, you will earn: $10 00 x 5 = $5000 And your referral refers 2 people each, you will earn: ($400 x 2) x 5 = $4000 And your cashback is $600, in total
for 1 mth you will earn: $5000+$4000 +$600 = $9600 (which means you already earned your investment of $5885 back + an additional $3715)

**jaz_collections** · 27-11-2007, 02:32 AM

Yes, Coslab is a beauty facial centre with various outlets & franchises here.

I have purchased a lifestyle package last month Oct, and i received my first return of $550 on 18th Nov.

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**bandai** · 02-12-2007, 10:26 PM

not good sales of MLM cos it very difficult and not easy profit it..

**toshio** · 03-12-2007, 12:14 AM

Quote:

Originally Posted by bandai

not good sales of MLM cos it very difficult and not easy profit it..

i agree

**zstar** · 08-12-2007, 04:20 AM

i advice not to try as my hubby exp. b4 end up with nothing yet still own them!!!!!!

**melmel** · 21-01-2008, 11:17 AM

Just a little update..i signed the package on 31 Oct. on 18 Nov, got $545..but guess what? On Dec, the payment is only $71!!!! And they claimed that it is a Christmas 'bonus' which is not included in the monthly payment. So if it is a bonus....should be additional to the supposedly $500 at least per mth, right? The one i signed, the package was for 24mths payout. With this 'bonus', it is 25mths payout. But hey..I can't tell the bank, hey..i want to extend credit to 25mth payment right? Not introducing anyone of my friends!!!