KoRo | Updates

By Constantinos Calios

KoRo - Learning from mistakes

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Public

Dear Companists,

we are back with our new update. First of all, as always, a big thank you to the new Companists who joined us in our community. Thank you for your trust in KoRo.

First of all, I would like to answer 2 important questions that arose in connection with the last update.

  1. We have published the annual financial statements for 2017, so that even new potential Companists have the opportunity to gain an overview of our figures.
  2. We will publish a quarterly report on Q2 within the deadline set. This was raised in a comment by Sebastian (thanks again for the kind advice).

 

We have already tried to give all relevant insights and information in the last updates. In the quarterly update we will not only review existing topics, but also mention a few new ones. In this update we would like to report on the success of our sales campaign in the past 2 weeks and the associated sales success.

The background was that we made a miscalculation of some products, whether in stock or in the product itself. We have openly communicated this topic in our newsletter and decided to withdraw these products and have introduced a sale category:

https://www.korodrogerie.de/sale/

 

Why do we emphasize this? We try to keep away from large discount campaigns, sale campaigns or other things in this form, because we think that this is not really suitable for KoRo. We try to pass on the product price advantage that we generate by skipping trade levels directly and not to convince potential customers of our products through sales campaigns.

However, it happens in the best companies that you sometimes take the wrong path. That is why we are strict and discontinue our products. Since some of them have a very short life-cycle, it would be nonsense to simply dispose of them.

That is why we have decided to introduce this sale-category. The application through the newsletter alone has led to a turnover of more than € 35,000.00 within 2 days and the products could be sent almost completely to happy consumers - a win-win situation.

 

We would also like to give a brief outlook on the next two updates: We will share further marketing insights with you here - completely in KoRo style.

Many greetings

Kosta



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Note

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

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