My Recharge Pvt Ltd Company Analysis

Company Name:  My Recharge Private Limited (INDIA)

Company website:   http://www.myrecharge.co.in

The respective MLM Company is registered in India. Some of the details available on the site are as given:-

  

Regarding Plan & Company Formation      

“My Recharge Business Plan puts you in control, allowing you the flexibility to work where and when you want, giving you time for family and friends as well as the opportunity to earn a handsome income.”

“My Recharge we believe that to sell a quality product and service you need to understand it and use it with confidence. Our role supporting your business extends into product service and business training, helping to ensure that you are able to reach your personal potential.”

Regarding “PRODUCT”

Mobile Recharge

My Recharge currently provide Recharge facility to all Leading telecom operator mobile users Like BSNL, Reliance Mobile, TATA Docomo, TATA CDMA, Airtel, Vodafone, Idea, Loop, Aircell, Ping, Videocon, Uninor, MTS.

DTH Recharge

My Recharge currently provide Recharge facility to all Leading DTH companies users Like Dish TV, TATA Sky, Big TV, Sun TV, Videocon & Airtel.

Bulk SMS

We are in the business of Bulk SMS Since from Starting of this business in India. To fulfilling wishes of customers of our brand clients, there is perhaps no better channel than the one that the Bulk SMS. The new era of marketing is rising ahead of us.

General Insurance

Company will provide 1 lakh Rs. Accidental insurance to distributors’ for 1 year from the date of joining.

Travel Service

Hotel Bookings, Holiday Booking, Car & Bus Booking,

Regarding Business Plan of the Company  

Activation of combo Sim

It is an attractive opportunity for every individual to become an independent Retailer of My Recharge. Activate Combo Sim Service by paying 1800/- and Enjoy all Mobile & DTH Recharge with Single Sim.

Benefits

Free Activation of your Existing SIM in Combo SIM for Recharge of all Pre paid mobile & DTH.

Get Free Gift of 600/- Top up for next 6 Months, Rs. 100 per Month.

Get Accidental insurance of Rs. 1 Lakh worth for 1 Year.

Get 10,000 Bulk sms of worth 500/- for your personal use.

Extra Benefits

Complete 2:1 or 1:2 Ratios within 180 days from the date of joining and Get 600/- more Gift Top up for next 6 Months, Rs. 100 per Month. Total 12 Months.

Working Team Incentive

To qualify for working Team Incentive Every Retailer requires sponsoring Minimum 2 Retailers for Combo sim Recharge Business.

Separately one in A Team and other one in B Team. After Qualifying a tail is required first time to avail benefit of Working Incentive

All the combo sim sales will be accumulated in the A and B Team separately. The highest Balanced on the both sides will be paid as working Team Incentive as Matched pairs with Rs. 300/- per pair. Team Incentive with a daily upper ceiling 10 Pairs.

Spill Over Incentive

Further sponsor of 2 direct Retailer for combo sim Recharge A and B any other direct sponsor Retailer is called as Spill, and a Spill Incentive is Rs. 50/- on all variety of Combo packages.

Spill Incentive paid up to unlimited depth of any other Spill in the Retailer Team.

The Income of Spill Incentive doesn’t require any balancing, trimming or ceiling.

Global Royalty

The Company is excited to pay an assured income every month for the distributors who prove themselves

The company spares Rs. 25 from every new combo sim package sold in the company and shared equally among all the eligible distributors.

Company Address:

My Recharge Pvt. Ltd

206A, Pushp Enclave,

Sec. 5, Pratap Nagar,

Sanganer, Jaipur-302033

India

E-Mail :admin@myrecharge.co.in

Help Line :   0141-7101777        (10.00 am to 7.00 pm)

My Opinion

All the above matter is directly taken from the company website. Now let us see what it means. Following views have emerged from the above mentioned facts:-

The company is almost 2 years old, as per the site which was created on 16^th of September, 2010. The Company Director has tried to explain his views and vision about this Business Plan.

The Business plan is of Binary Nature with a tail attached to any of the either legs. The payment process of the company is systematic. The company is promoting the daily need recharge services of many different Mobile Phone Services providers in India.

The Management of the company is technically well prepared, has enough confidence to run this business and is not facing any competition in its MLM marketing domain. The Repurchase Business Plan needs some innovative thinking so that Leaders do earn and remain loyal to the Company.

The Management of the company has faith in their Business Plan, Product Management Skill and Quality of Software, but has to strengthen the Leadership training as well as change the thinking parameters of its founder Leaders.

The Management of the company knows the strength of Business Plan, hence have selected the right Software development company, which is one of the best MLM Software development company.

At present as per the data gathered from the internet, the Business Plan is propagating in only India and has the major ingredient regarding the credibility. Most of the MLM Leaders and team members will be satisfied by the company.

The Business Plan is bit complicated in Repurchase section otherwise easy to understand and explain.

My Conclusion

The myrecharge.co.in is working in a systematic manner for the past two years. Fulfilling and following the expectations of its members and Leaders, is within the parameters of government rules and regulations.

So far, in this turbulent market after the crash of so many MLM Companies this Business Plan is good, those who are prepared to work sincerely should start immediately.

Let me make it clear so far, I am not in any way involved with the company.

NOTE: This opinion is very personal in thought, it should not be quoted, propagated, understood or misunderstood as an ultimate doctrine regarding the above mentioned company.