Commonly Asked Questions

To ensure that you have a complete understanding as to the nature, and structure of our company we’ve listed our Most Frequently Asked Questions, and answers below. If you don’t see your question, please feel free to shoot us an email to: licensees@mywomsgabusinesslicense.com, and we will answer your question within 24-48 hours. We will also add your question to our FAQ list.

Note: You can always chat with a Live Agent directly from our website, during regular business hours. (Monday-Friday 10am-9pm)


Have you really been featured in those news outlets? Yes. We submitted our press release to an agency that represented our company whom then submitted our release to over 100 different news outlets worldwide. All press release requirements were met. Our company was screened, and verified for providing true, and accurate information, therefore our press release was approved, and accepted. 

 

What is Womsga

Womsga is an all-in-one local small business directory service, as well as a crowd source review forum, and social networking site.

What is MyWomsgaBusinessLicense

An online re-seller opportunity to that allows entrepreneurs, business owners, investors, and any persons interested in making money online to be able to do so without having to start a business from scratch. It’s a financial opportunity that allows you to earn passive income, on a short-term and  long-term basis.

Is this a scam?

No. We can assure you that our “business license”  is not a scam. We are very aware of the various “online” scams that exist, but our business model is nothing like those companies. We encourage you to do your research, and compare our business model to other “online”  companies. You will find that our business model is unique and built on integrity.

Is this an MLM (Multi-Level marketing) Scheme?

Absolutely not. This is not an MLM company. You ARE NOT obligated, nor encouraged to sign anyone up. All of our license holders automatically keep 100% of their profits. There are no “downlines”, and no commission based system in place with our company. Our licensees really do get to keep the money they make.

Find out more about MLM pyramid selling, and compare our company to see the difference. We are unique, and different!

Is this a pyramid Scheme?

No. Our business model is nothing compared to a pyramid scheme. Unlike a pyramid scheme, there’s no recruiting required, nor is there a promise of payments or services for enrolling others to become licensees. Licensees purchase our business licenses at their own discretion.

Find out more about pyramid schemes, and compare our model to see for yourself.

What do you mean by “Business License/Licensee”?

This means that you’re ‘licensing” our business model. Meaning, you can legally inform the public that you are a “Womsga Partner”. You don’t legally “own” the business itself, but you are entitled to the use of the business structure and likeness. You’re buying into the company’s revenues by getting “licensed” through our company, as you’re required to obtain any “business license” from any state or government.

What is a “Womsga Business License’?

It’s an official legal document between our company and you (licensee) that allows you (licensee) the legal rights to do business with our company as an official “partner/self-employed/contractor” and retain the revenues from the sales of our company’s services and products.

Are there any risks?

No. There are no risks, because we work closely with our licensees to ensure their financial success. We want to make sure licensees at least receive a return on their initial investment, and/or break even.

Is it like investing in the Stock market, or Bitcoin?

No. Our structure is much more simple. There’s no negotiating prices, making trades, or buying and selling anything, and the money isn’t used digitally, it’s real US Currency.

What do you mean by “Break Even”?

This means get a return on your invest in the amount of your initial investment. Meaning, make your money back, earn, or generate at least the amount of your initial investment.

Can I get my money back if i don’t make any money

No. Although we DO NOT provide refunds (See our refund policy), if requested, under certain conditions, and/or circumstances, we will consider extending your license to allow you more time to make money.

What if I STILL don’t make any money even after you extend my license?

If you still don’t make any money after you’ve received an extension and we find that you have followed all the advice provided to you in our “business guide”, and you still haven’t earned any profits we will determine whether to refund you 10% of your investment minus a 20% support fee as stated in our license agreement. We may also instead, consider providing you with a “last chance” extension for an additional year, at no additional cost.

Why do you take a percentage

The percentage we retain is a kickback to pay our sales, marketing and support teams. Obviously, we want to make some money to continue paying our bills and ensuring we have the means to invest in other advertising channels to continue putting our business in front of potential clients so that our “licensees” can continue making money.  It’s a general administrative fee. It basically helps to cover the costs and expenses of providing our “licensees”  with the support, help, and assistance they need.

How much exactly is the percentage that you keep?

We keep 10% of your initial investment.

For Example:

$500 Licensee Profits = $50 Admin Kickback

$1000 Licensee Profits = $100 Admin Kickback

$5,000 Licensee Profits = $500 Admin Kickback

$10,000 Licensee Profits = $1,000 Admin Kickback

When do I get my money back if I don’t make any money?

At the end of your license agreement. If you do not make any money by the time your license expires, you get your money back within 30 days after the date of your license expiration.

Can I get a refund if I purchased the six months license?

No. Unfortunately, you DO NOT receive any form of refund for the purchase of our six month license. This is our “promo” license. It’s already discounted. But, we will provide a 30 day extension, upon further examination of your efforts.

What if I make some money, but not all of my money back? 

If you make “some” money, but not “all” of your money back you’re not eligible to receive a refund as per our policy. Nevertheless, whatever money you profit, it’s yours to keep.

What if I make back my initial investment, but don’t make any more money after that, will you still refund my money at the end of the agreement?

No. We do not honor refunds if you successfully earned back your initial investment. We consider this as “breaking even”. If you earn back your initial investment we consider that to be a profit.

Is this like investing in the stock market?

No. This is not like investing in the stock market at all. There’s no trading, or buying from other investors required. Our company isn’t a publicly traded company so this isn’t possible.

What exactly do you mean by “Licensing”?

Licensing means you’re simply using the model of our company to make money You’re making money from the use of our company’s products, and services by using our company’s brand to appear to be in business for yourself. It’s our company, you’re simply “renting” the use of it.

What name do I put my “business license” in?

If you’re not going to operate this business as a “business” then we recommend putting your license in your legal name (The name on your government issued ID/DL)

If you plan on operating this business as a “business”, meaning you plan to open an office, and/or rent a space and hire employees and/or open a call center to generate sales, we recommend filing your state/city/county license in your legal name, DBA (doing business as) “Womsga Business Solutions “Your last name”

Licensees commonly file DBAs to establish the identity of their local business.

An example of this is an owner of a local McDonald’s franchise. The franchise owner may have incorporated their business as ABC Enterprises Inc. but also filed the DBA name as McDonald’s. In this case, the entire corporate name would be ABC Enterprises Inc., DBA McDonald’s.

As a Womsga Licensee owner your business name would be, “Your Legal Name” Solutions, DBA Womsga.

What is a DBA?

A DBA is a “doing business as” name, also referred to as a trade name, fictitious name, or assumed name. Basically, it is a business registration that allows the business owner to conduct business under a different business name. Filing a DBA is a common practice amongst business owners. However, the reasons for filing a DBA can vary depending on the business need. So here are some common reasons below why business owners file DBAs:

Using a business name other than your personal name 

This is common in the case of a sole proprietorship or a partnership in which the business name and the owner’s personal name are one in the same. In registering a DBA, a small business owner does not incur the cost of incorporation or forming a Limited Liability Company. It also allows you to operate your company under a DBA name rather than your personal name.

Business Bank Account – If you did not incorporate or form an LLC for your business, your bank may require a DBA in order to open a business bank account.

Corporation or Limited Liability Company Corporations and LLCs file a DBA when they plan to conduct business under a different name. There are a few reasons why this is done. One would be if you have decided to start a new business that you want to keep separate from the one you have incorporated.  This is also done for business owners who plan on operating multiple businesses. An example of an existing entity filing a DBA would be the following scenario. You incorporated a boutique but now want to offer consulting services. Since the businesses and business plans are substantially different, you want to segregate them without incurring the cost of incorporating another company. Registering a DBA allows you to do this.

What does “Virtual Franchise” mean to you?

Our virtual franchise is simply a “Licensing Agreement” between our company, and the investor also known as the “Licensee”.

What is a Licensing Agreement?

A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor. In exchange, the licensee usually submits to a series of conditions regarding the use of the licensor’s property and agrees to make payments known as royalties.

What is Womsga’s Licensing Agreement?

A Licensing agreement is a legal contract between the licensor (“Womsga”), and the licensee (“Investor”)  The licensor (“Womsga”) grants the licensee (“Investor”) the right to sell it’s memberships, use of the womsga brand name or trademark, or any use patented technology owned by the licensor. In exchange, the licensee agrees to submit to a series of conditions regarding the use of the licensor’s property and agrees to abide by the terms of this agreement, and make the initial investment payment to finalize the license agreement.

If this is a licensing agreement why do you call it a virtual franchise?

We simply chose to use the term “virtual franchise” to provide a better understanding as to how our business model is structured, and operates.

What Is a Franchisor?

A franchisor sells the right to open stores and sell products or services using its brand, expertise, and intellectual property. It is the original or existing business that sells the right to use its name and idea. The small business owner who purchases these rights is called a franchisee and the branch business, itself, is called a franchise.

The franchisor company generally receives an initial start-up fee, an annual fee, and a percentage of the branch’s profits. It may also charge for other services. (Investing in a Womsga Virtual Franchise doesn’t require any annual fees, percentages, or any other service fees other than the initial investment fee required to profit from our company)

Becoming a franchisor is generally a good business alternative, especially for large, already-successful companies, though there are both advantages and disadvantages. In our case, there are no disadvantages, because our business model was designed specifically to be a “No Risk” investment opportunity. 

If you don’t see your question, please ask it here. A representative will send you a reply within 1-24 hours. Thank you.