HighRich is an online marketplace which rewards its customers through network marketing as a business model. HighRich Online Shoppe Pvt Ltd is a firm.
It operates it’s Highly Prosperous Online Shopping Platform legally registered on the 22nd of October, 2019 on the 22nd of October, 2019 in India (Registration number 060038). The company’s directors comprise Kolat Dasan Pratapan and Kattukaren Sridharan Sarina.
Table of Contents
Company Profile
| CIN | U52590KL2019PTC060038 |
| Company Name | HIGH RICH ONLINE SHOPPE PRIVATE LIMITED |
| Company Status | Active |
| RoC | RoC-Ernakulam |
| Registration Number | 60038 |
| Company Category | Company limited by Shares |
| Company Sub Category | Non-govt company |
| Class of Company | Private |
| Date of Incorporation | 22 October 2019 |
| Age of Company | 1 year, 11 months, 1 day |
| Activity | Retail trade is not in stores click here to see other companies involved in the same activity. |
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Share Capital & Number of Employees
| Authorised Capital | ₹10,000,000 |
| Paid-up capital | ₹3,000,000 |
| Number of Employees | Login to view |
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What kinds of categories are there Highrich Products?
There are three kinds of categories of High Online Shoppe Products:
1. First Purchase Product
2. Repurchase Products
3. Digital ID Activation Package
Highrich Business Plan
Highrich has a very effective business plan for digital marketing as well as for those who prefer working offline. Its business strategy company is built on the E-commerce business model.
So, you must concentrate your efforts on Internet marketing rather than organizing events as well as convincing your friends and family.
Type Of Income
Highrich Business is using a Network Marketing Business Model. It is possible to earn money when a person becomes a client with privileges or when they purchase a particular product.
The income can be divided into five parts.
* First Purchase Proceeds.
* Repurchase Income.
* Digital pool revenue.
* Referral income from Digital ID.
* Royalties and Bonuses
1. First Purchase Proceeds
It is the money earned that is earned when a person becomes an active member through gaining the privilege of registering using the sponsor ID. In order to distribute the income, the business follows an unidirectional business model.
This is a Binary Business Model that means that you earn money by completing 2 legs left and right. If you have a similar number of participants of your Right and Left rank, then it’s considered as two people.
Pair Matching Income in Highrich Online Shopping Business is 200 INR. The daily Limit of this amount is 5000 INR.
2. Repurchase Income.
You’ll earn money when someone purchases an item through your downline Highrich site or application.
A portion of the profits of the sale will be divided across the chain of multi-level marketing, which is 18 levels higher than them.
3. Digital Pool Income.
The Digital Pool income is offered to Digital Customers only. To become a digital client you need to purchase an entire package of goods valued at 12000 INR.
The digital pool comprises half of the earnings derived by the digital marketing process for the online customer. The 50% is given to digital customers. The daily limit of this revenue is 3000 INR.
4. Digital ID Referral Income.
This Referral Earnings are offered only to Digital Customers. If a person is made Digital Customer after entering the Sponsor’s ID you’ll receive Rs. 1000 as a Referral Commission. No limit is placed to your earnings.
I believe it’s difficult to convince someone since the item you need to purchase to become a customer is costly. You must purchase the package of items that costs you 12000 Indian rupees.
5. Royalties and Bonuses
If you can increase the number of digital customers you attract The company will award you a certain rank and an incentive.
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HighRich Is Fake Or Real?
HighRich Company is not Fake Highrich is a real business through a registered company called Highrich Online Shopping Private Limited.
Is HighRich Legal or Illegal in India?
Yes, e-commerce and network marketing business is legally permitted in India. Highrich Business is using these two strategies to grow its business.
The company is registered as a company. It is possible to check the details of registration on the official site of the Ministry of Corporate Affairs (MCA). The Corporate Identification Number (CIN) is U72900KL2020PTC06507.
Does Highrich Online Business Have Potential?
Yes, it is a great opportunity. As you are aware, Highrich is a mix of an e-commerce company and networking marketing. Based on IBEF (India Brand Equity Foundation) the e-commerce industry in India is projected to reach USD 99 billion by 2024.
They also mention that the market for groceries is expected to expand by 57 per cent. The Highrich online shoppe site offers groceries to purchase.
I don’t believe that people are likely to visit the market or go shopping for their needs in the near future. With the Cash Delivery System If you can receive everything you require in just one click, then there’s no reason to go to a store or even a supermarket. Highrich Online Shoppe is doing exactly that.
In general, it is difficult to earn money through Multilevel Marketing. However, the situation is different in the High Rich Network Marketing Business. It doesn’t matter failing in network marketing. You will receive discounted rates of 1 to 2 per cent on your products. The products come made by top brands such as Colgate, Britannia, Pear and many more.
Network marketing is only one component of this business. The problem with network marketing can be that consumers aren’t ready to utilize the latest product from the company.
They like using the products of their preferred brand. Integration of e-commerce companies (with the most popular products) along with network marketing can solve this problem.
HighRich Application |
Hightech also offers an Android application that makes it easy to buy. It comes with a user-friendly interface. It is accessible on the Google Play Store.
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Advantages and Disadvantages
Advantages
* The company sells well-known brands of products.
* The initial investment is not too high.
Harm
* First Purchase Products are not made by popular brands.
* It is difficult for anyone to make a sale for Digital ID.
