Glossary of Terms

Activity Requirement - The minimum shopping activity required monthly in a Business Owner's personal branch to earn a profit or incentive. See Profit Plan.

Access Fee - An annual fee a Business Owner pays for access to the eCosway Shopping Mall, B.O.S.S. and other benefits.

Auction Hall - Where you place your bid for the Amazing One Dollar Auction. See Auction Hall.

Automatic Renewal Program - An option for a Business Owner to pay the annual access fee by automatic deduction from his or her eAccount.

B.O.S.S. - The Business Ownership Support System, accessible only to registered Business Owners of eCosway.

Branch - If you register to become a Business Owner, you will have a "branch" of the eCosway global shopping mall. When you introduce another Business Owner to eCosway, he or she will also have his or her "branch", which is linked to yours.

Branch Network - A Business Owner can introduce other Business Owners to set up branches linked to his or her branch. These new branches can then go on to bring in other branches too, and so on. All the resulting branches, no matter how many generations of referral occur, together form the Branch Network. (Also called "Business Owner Network")

Branch Override - A %-based profit a Business Owner earns from his or her Branch Network. See Profit Plan.

Branch, Personal - See Personal Branch.

Branch Performance Incentive - A $-amount incentive a Business Owner receives for each of his or her branches, including his or her personal branch, but excluding the highest eV branch. See Profit Plan.

Business Network - The sum total of a Business Owner's Branch Network, and his or her Personal Branch.

Business Owner - An individual or business entity who has registered and paid the initial fee of $60 to "acquire" a branch of the eCosway mall, access to B.O.S.S., and the right to participate in the Profit Plan.

Contact Form - The form you use to contact eCosway should you need to have a question answered.

Earning - The total profits and incentive a Business Owner earns from his eCosway business.

eAccount - A virtual account into which a Business Owner's monthly earning is paid as directed by him or her. The funds in eAccount can be used for personal purchases.

eMax - A feature of eCosway that allows Business Owners to maximize their monthly profits using any or all eV they have in Reserve. eMax is activated in a Business Owner's Online Office. See eMax in the Profit Plan.

eV Reserve - A special feature of eCosway that grants Business Owners full control of the eV generated in his personal branch. See eV Reserve in the Profit Plan.

eV (eVolume) - The commissionable value of a sale. Click here for details.

Global Shopping Mall - eCosway's e-commerce website which a Business Owner acquires a branch of when he or she registers.

Incentive Chart - A chart showing the $-amounts Branch Performance Incentive against corresponding branch eVolumes.

Intranet email - an internal eCosway email which allows Business Owners to contact other Business Owners in their branch network.

Initial Sale Offer - A one-time offer which boosts the eV of the first sale of a new branch. It gives Business Owners time to build their business. Click here for details.

One-Dollar Auction - A special reward for Shoppers and Business Owners where valuable items are up for bid with Value Points for only $1. Click here for details.

Online Office - A special area in the eCosway website, where a Business Owner can check on his network status, business status, etc., This area is only accessible with a Business Owner's password. (Note: A shopper should access his or her "Shopper Account".)

Online Prospecting System - A comprehensible, customizable system available to every Business Owner, to help him or her prospect for shoppers and other business owners through the internet.

Personal Branch - If you register to become a Business Owner, you will have a "branch" of the eCosway global shopping mall. You, and your network of shoppers, purchase from your personal branch.

Profit Chart - A table listing the Profit % a Business Owner gets against the total eVolume of his or her business network for a month. A Business Owner earns the full profit % for sales in his or her personal branch (called Retail Profit) and the difference between that profit % and those of his or her branches' (called Branch Override). See Profit Chart.

Profit Plan - A document detailing the various income a Business Owner receives from eCosway, and the requirements to earn them. See Profit Plan.

QU Reserve - A reserve pool where a Business Owner's QU is accumulated on purchases and deducted when used as requirement to earn Branch Performance Incentive.

QU (Qualification Unit) - What a Business Owner requires to earn profits according to the eCosway Profit Plan. Click here for details.

Registration Fee - A one-time fee you pay to become an eCosway Business Owner. (See also Access Fee)

Refund eAccount - An account where refunds on return on merchandise are kept, so you can use them for your next purchases.

Retail Profit - The profit a Business Owner earns from the eVolume of his personal branch, the percentage is determined from the profit chart. See Profit Plan.

Return Merchandise Number - A reference number you need to return merchandise. See Return Procedures.

Server Time - The official time and date (Malaysian time, or GMT +8 hours) used by eCosway in all deadline-related events, like closing of auction, and closing of sales for a month.

Shopper - (or Registered Shopper). An individual who purchases from the eCosway mall, and participates in the Shopper Rewards Program. There is no cost, or obligation, to register as an eCosway Shopper.

Shopper Account - A special area in the eCosway website, where a Shopper can check on his shopper network status, value points, etc. This area is only accessible with a Shopper's password. (Note: A Business Owner should access his "Online Office".)

Shopper ID - A shopper is given an ID when he or she first buys from the eCosway mall. The ID allows shoppers direct access to the shopping mall and Shopper Account. It also allows eCosway to award Value Points to the Shopper if he or she introduces others to eCosway with the ID.

Shopper Network - A Business Owner can bring in shoppers to buy in his personal branch. These shoppers can introduce other shoppers (to earn Value Points) who will in turn bring in more shoppers, and so on. The resulting network is the Shopper Network of the Business Owner. Purchases of the shoppers go to the Business Owner's personal branch.

Shopper Rewards Program - A special program to encourage shopper loyalty and word-of-mouth referrals to the eCosway shopping mall. Click here for details.

Spamming - The sending of unsolicited e-mail, usually in bulk, to solicit for business or earning. eCosway has a very strict Advertising & Anti-Spam Policies.

Start Page - An alternative to the eCosway home page ("We Color Your World") that an eCosway Business Owner can use to introduce prospective shoppers or business owners to eCosway.

Supplier - Producers of products or providers of services who list their products / services on the eCosway shopping mall.

Value Points - What shoppers and Business Owners get when they buy, and when people they refer buy, products at retail price in the eCosway shopping mall. To see how Value Points are awarded, and how they can be used, see the Shopper Rewards Program.

Visitor - A person invited by a Business Owner or a registered Shopper to visit the eCosway website using the latter's ID. Until a Visitor purchases a product (and becomes a registered shopper) or registers as a Business Owner, he or she can continue to visit using the introducer's ID.