Best World Lifestyle, BWL
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The 1 and only direct selling company listed in Singapore SGX. Any comments?
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If you come from finance background, you will know that being listed doesnt mean your company is in superb condition or gives ready info to make a value judgement.
Citiraya, ACCS and CAO..good examples...
Try to point out other good aspects of this coy... -
The company has been doing direct selling for the past 12 years, have a large pool of loyal consumers. After the govt legalise MLM in year 2000, the company with it's strong foundation and premium product quickly built up it's network structure.Originally posted by laurence82:If you come from finance background, you will know that being listed doesnt mean your company is in superb condition or gives ready info to make a value judgement.
Citiraya, ACCS and CAO..good examples...
Try to point out other good aspects of this coy...
Because of it's premium and quality products, there are much more consumers than distributors, which meant the distributors are able to sell rather than consume the products themselves.
Within the past few years, the company has expanded to Malaysia, Thailand, Indonesia, Taiwan, Hongkong and Vietnam.
Based on the lastest financial results, the Malaysian market has overtaken Singapore in terms of biggest profit to Best World. -
Thats really sume cool info..what kind of comments were you looking for?Originally posted by payitforward:The company has been doing direct selling for the past 12 years, have a large pool of loyal consumers. After the govt legalise MLM in year 2000, the company with it's strong foundation and premium product quickly built up it's network structure.
Because of it's premium and quality products, there are much more consumers than distributors, which meant the distributors are able to sell rather than consume the products themselves.
Within the past few years, the company has expanded to Malaysia, Thailand, Indonesia, Taiwan, Hongkong and Vietnam.
Based on the lastest financial results, the Malaysian market has overtaken Singapore in terms of biggest profit to Best World. -
1. Do you think MLM is a scam or is the people themselves that could not make it?Originally posted by laurence82:Thats really sume cool info..what kind of comments were you looking for?
2. Would you recommend would-be mlmers to join this company? -
Hi PaYitForward,
Just 3 points will cast doubts on the future speed of growth on the horizon for this company....
1) Does the company own their own manufacturing facility as well as own the R&D facility?
Without this ownership and control of this two areas, the future is shaky.
--- Also being listed in the SES is no-big deal. Now the company has to answer and deliver earnings per share to shareholders, and not necessarily to the best interest to its direct-selling agents.
3)You mentioned that this company has been doing direct sales for past 12 years. How come their market is only around Singapore Malaysia and few Asian cities. How come they have not expanded to large consumer markets especially the US and Canada?
This clearly shows that the product and services from this company will be limited to the relative small market size around Asian cities... not the larger giant markets which will see larger residual incomes and faster growth of new markets.
Why? because this company does not have any unique competitive or technological edge in US or Canadian markets where there are hundreds of other stronger competitors selling the same stuff there.
Sorry if this hurts.... but its reality and common sense in marketing... glitzy hyped up presentations and promises doesnt impress me.
I doubt if this company can attract high-calibre , high growth oriented people to join, given their slow-growth track record for the past 12 years. It will still see people joining them but doe'nt appear to an exciting and fast growth business to be in.
My advice to you is ... dont defend or be loyal to a company just because a friend asked you to join or because you did join for wahtever the reason. If you detect that as a business vehicle, is this the right one that match your expectations and strengths? Can you get faster results with another vehicle? Put "face" and "prestige" aside - Go where your heart and brain tells you.
Good luck my friend -
You may want to know more about the company at this link: http://www.listedcompany.com/ir/bestworld/web/show.cgi?content=profile&Originally posted by Enterprise1:Hi PaYitForward,
Just 3 points will cast doubts on the future speed of growth on the horizon for this company....
1) Does the company own their own manufacturing facility as well as own the R&D facility?
Without this ownership and control of this two areas, the future is shaky.
--- Also being listed in the SES is no-big deal. Now the company has to answer and deliver earnings per share to shareholders, and not necessarily to the best interest to its direct-selling agents.
3)You mentioned that this company has been doing direct sales for past 12 years. How come their market is only around Singapore Malaysia and few Asian cities. How come they have not expanded to large consumer markets especially the US and Canada?
This clearly shows that the product and services from this company will be limited to the relative small market size around Asian cities... not the larger giant markets which will see larger residual incomes and faster growth of new markets.
Why? because this company does not have any unique competitive or technological edge in US or Canadian markets where there are hundreds of other stronger competitors selling the same stuff there.
Maybe you will know more about the company after reading this: http://www.listedcompany.com/ir/bestworld/web/show.cgi?content=profile&
Sorry if this hurts.... but its reality and common sense in marketing... glitzy hyped up presentations and promises doesnt impress me.
I doubt if this company can attract high-calibre , high growth oriented people to join, given their slow-growth track record for the past 12 years. It will still see people joining them but doe'nt appear to an exciting and fast growth business to be in.
My advice to you is ... dont defend or be loyal to a company just because a friend asked you to join or because you did join for wahtever the reason. If you detect that as a business vehicle, is this the right one that match your expectations and strengths? Can you get faster results with another vehicle? Put "face" and "prestige" aside - Go where your heart and brain tells you.
Good luck my friend
some videos too: http://www.bwl.com.sg/newlook/bwL_part1.wmv
http://www.bwl.com.sg/newlook/bwL_part2.WMV -
hahaha - thanks for confirming for me in your links, all the weakness and concerns that I brought up earlier.
Your links shows Fancy , glitzy presentations to impress shareholders but let me tell you, experienced network distributors like me and many other MLM'ers out there wont fall for it......
1) The company doesnt own the R&D, it buys from contract manufacturers and just puts on own label to market. WOrse still your information also highlights that Bestworld also supplies to retail outlets... that competes with the network distributors ! Good for the company, good forshareholders in the stock market BUT NO GOOD for distributors !
2) It does not have any product or technological competitive edge in uniqueness in order to cover bigger markets like USA nd Canada which is MLM-ready, other than the Asian market. (companies that do not own their R&D will have this short-coming) After 13 years or so, Brestworld is still stuck in small markets in Asia with relatively small numbers of distributors.
It only confirms that growth potential for independant network distributors (or direct sellers in their terms) is very very slow and limited future.
Like I said, experienced network distributors won't be fooled by the information provided by you that is meant to impress only to would-be investors for their shares.
Very weak fundamentalswhere MLM prospects are concerned ! -
I think you are right in your own point of view, btw, what MLM are you in now and are you doing full time? Care to share how you select a good MLM company to join? Thanks.Originally posted by Enterprise1:hahaha - thanks for confirming for me in your links, all the weakness and concerns that I brought up earlier.
Your links shows Fancy , glitzy presentations to impress shareholders but let me tell you, experienced network distributors like me and many other MLM'ers out there wont fall for it......
1) The company doesnt own the R&D, it buys from contract manufacturers and just puts on own label to market. WOrse still your information also highlights that Bestworld also supplies to retail outlets... that competes with the network distributors ! Good for the company, good forshareholders in the stock market BUT NO GOOD for distributors !
2) It does not have any product or technological competitive edge in uniqueness in order to cover bigger markets like USA nd Canada which is MLM-ready, other than the Asian market. (companies that do not own their R&D will have this short-coming) After 13 years or so, Brestworld is still stuck in small markets in Asia with relatively small numbers of distributors.
It only confirms that growth potential for independant network distributors (or direct sellers in their terms) is very very slow and limited future.
Like I said, experienced network distributors won't be fooled by the information provided by you that is meant to impress only to would-be investors for their shares.
Very weak fundamentalswhere MLM prospects are concerned ! -
sorry for late reply, seldom log in to SGforum. Send me your email via the pte message button on the left and I'll share with you my findings on various MLM. So farI only see 2 possible MLM companies that has long term viability thats worth our time and effort. cheers
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If you are interested in a good MLM company
1) R & D own product
2) 20++ years in sg liao
3) 28 franchise in sg doing retailing only
4) 200 in malaysia
5) 600 in china ( expanding to 1000 in2 years )
6) great product
7) great marketing plan
experience upline and very very supportive
9) don't need to sell product ( professional employed to assist)
come down for an presentation to decide for your future!
msg me -
sure, can consider. Whats the website I can take a look, post it to my message box. thanks for sharing
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I would like to invite anyone who are interested in this direct selling business opportunity. It's on this coming thursday, 7pm.
PM me if you are interested. Thanks. -
Hi All,
There will be an official opening of Best World Lifestyle (BWL) at it's new premises at Toa Payoh HDB Hub. Dr Vivian Balakrishnan will be gracing the event tomorrow. All major newspapers in Singapore will also published the details tomorrow.
I would like to invite all who are interested in MLM to check out this great business opportunity. Best world has also been granted 16 licenses to do direct selling in China, who have just lifted the ban on direct selling with effect from 1st Dec 2005.
For more details, you can email me at [email protected] -
sound interesting , one of my friend is in that company , she alway get her stuff at sembawang sun plaza .Originally posted by payitforward:Hi All,
There will be an official opening of Best World Lifestyle (BWL) at it's new premises at Toa Payoh HDB Hub. Dr Vivian Balakrishnan will be gracing the event tomorrow. All major newspapers in Singapore will also published the details tomorrow.
I would like to invite all who are interested in MLM to check out this great business opportunity. Best world has also been granted 16 licenses to do direct selling in China, who have just lifted the ban on direct selling with effect from 1st Dec 2005.
For more details, you can email me at [email protected] -
In year 2000, the company introduced a new skin care product, it was so popular that it become the company's cash cow and propelled the company to list on the SES of SGX.
Within these 5 years, the company have expanded to regional Asian countries. By now, profits from regional countries have already overtaken Singapore, so you can imagine the great potential.
All of us know fresh and clean water is a big business especially in China and India. Would you be excited to know that the company has partnered with Hyflux to produce an affordable water filter for home use?