Anybody heard of Long Far?
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just imagine those internet investment like empire.com Swiss-cash and some other... arent they MLM? wat is really call MLM....Originally posted by laurence82:Huh? What sort of companies you have in mind doing this?
If there are companies doing the same thing like MLM presently, i can think of insurance companies. But then again, people do know the differences. So which other companies are doing the same thing and 'destroying the image and trust in other companies'?
Every company is using the system MLM also right?
1 CEO
2 Manager
6 Assist Manager
and so on till Staff Level
Arent they follow MLM style? beside that someone ask you invest something like technology oversea, will you invest something which you hav not seen? and it been promise a very high level of payout eg 500time? -
They themself also is a MLM Company. they also do recruit ppl to sell their product. they hav their own manualfacture plant and sciencetist on their product too... Still surviving... Basically some company are base on just recruiting ppl to earn and no market value at all. This call Trading Sales... where else there is only less than 5% who hav their own plants and resource are call Manualfature Sales. Amyway and Herbal life are one of the latter oneOriginally posted by laurence82:So do tell us? -
Chiling, it seem that you start to bad impression on this... Can hear that you are a member there?Originally posted by linchiling:Went down to the company a week ago... Kenna conned by a friend on the pretext of dinner.. machiam enyouth strategy.. To think retribution comes that fast to me.. LOL
So they're withdrawing their products from watsons... and switching to MLM as their channel of distribution... I can only conclude that the product is not that well received here in SG unlike HK and China, where they're still selling the products thru retail... Smart move by the management, to push their products to people in SG through greed aka $$ making opportunity from MLM...
What I can see is that the company is only adapting to the market here in SG. One can only guess if the management intends to go by MLM if they do expand to other countries. Try asking them to try switch to MLM in HK lah, which I doubt they will since retail is doing fine there... which makes me think of the MLM distributors here as pawns of the company.
The company may not have plans to adopt MLM in the future and may only be concerned about its own profits. Nothing unethical in a business world, but worth a thought if you are intending to be their distributor, who are made to believe they hold the "exclusive rights" to distribute the products. You may be able to make a killing as the "pioneer" but please spare a thought for the future of the members of your group who may not be as fortunate as you...
We seldom see other true MLM companies adopting a retail approach in other countries... Why? Think about it again...
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Dude, technically this is a top-down hierarchy of an organisation, and there is a chain of command. Multi level marketing as a distribution system is a different ballgame. This sort of hierarchy existed since time immemorial and MLM as a definite marketing system existed only in the past few decades. How on earth this hierarchy can copy a distribution system that the name was coined only a few decades earlier?Originally posted by LennyTan:just imagine those internet investment like empire.com Swiss-cash and some other... arent they MLM? wat is really call MLM....
Every company is using the system MLM also right?
1 CEO
2 Manager
6 Assist Manager
and so on till Staff Level
Arent they follow MLM style? beside that someone ask you invest something like technology oversea, will you invest something which you hav not seen? and it been promise a very high level of payout eg 500time?
So, do we now say MLM follow the old hierarchy? Of course not. The reasons why MLM was borned, were very clear. The power of leverage, the elimination of marketing and other intermediaries, the low cost of distribution vis a vis distributors, and most of all, the ability to earn what you sell, as opposed to the hierarchy, where the danger is that your effort goes unrecognised.
MLM is supposed to replace this old hierarchy and way of doing business. If you are going to say they are the same, why the hell would anyone need to come up with MLM anyway. See the point?
On this point, what it has to do with Swisscash or other investment schemes? As in, what is it you want to point out about Swisscash and the rest? And also, what the issue got to do with investment on technology overseas? -
So what all these got to do with sonic_16's points on bluffing people down on pretense of a meal, talk about young people earning a lot etc?Originally posted by LennyTan:They themself also is a MLM Company. they also do recruit ppl to sell their product. they hav their own manualfacture plant and sciencetist on their product too... Still surviving... Basically some company are base on just recruiting ppl to earn and no market value at all. This call Trading Sales... where else there is only less than 5% who hav their own plants and resource are call Manualfature Sales. Amyway and Herbal life are one of the latter one
I would have expected you to tell me something like certain companies did none of these things or something.
And how Amway and Herbalife as 'Manualfature Sales' etc etc relates to thisOriginally posted by LennyTan:if now give you work there do you think you can get wat you wan now better than in LFI? Think carefully... -
LFI also sold other company product like super aboba & colostrum, and yet they keep calling themself manualfature sale. if you go there and listen to their lesson, they will tell you that you no need to sell, you only need to recruit people, their lesson are mainly on recruiting and not selling. Full of bull shit in this company.Originally posted by LennyTan:They themself also is a MLM Company. they also do recruit ppl to sell their product. they hav their own manualfacture plant and sciencetist on their product too... Still surviving... Basically some company are base on just recruiting ppl to earn and no market value at all. This call Trading Sales... where else there is only less than 5% who hav their own plants and resource are call Manualfature Sales. Amyway and Herbal life are one of the latter one -
went to LFI not long ago, the people there really know how to tok big. BUT tok big big only, most of the people there are ex-mlm from other company, their agent did not know their products well. my friend said show me something good but did not tell me anything, so i go there see see look look, but end up their senior keep toking to me, and he talk like he is earning alot and can help me earn money if i follow him. Waste my time and make me angry talking to those guy. i do not know how good is their product, but i do know how bad is their poeple there.
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broOriginally posted by d.o.w:LFI also sold other company product like super aboba & colostrum, and yet they keep calling themself manualfature sale. if you go there and listen to their lesson, they will tell you that you no need to sell, you only need to recruit people, their lesson are mainly on recruiting and not selling. Full of bull shit in this company.
manufacture...
manufacturing...
please do not be angry with me because I corrected your spelling. -
er, you must read the person he is quoting, then you will know why he spelled like thatOriginally posted by junkieyuri:bro
manufacture...
manufacturing...
please do not be angry with me because I corrected your spelling. -
Originally posted by LennyTan:
just imagine those internet investment like empire.com Swiss-cash and some other... arent they MLM? wat is really call MLM....
Every company is using the system MLM also right?
1 CEO
2 Manager
6 Assist Manager
and so on till Staff Level
Arent they follow MLM style? beside that someone ask you invest something like technology oversea, will you invest something which you hav not seen? and it been promise a very high level of payout eg 500time?Originally posted by laurence82:
firstly, let's state for the record that swisscash, esuissefund, xthreem, & whatever else phony product / no-product companies are purely money-games.
Dude, technically this is a top-down hierarchy of an organisation, and there is a chain of command. Multi level marketing as a distribution system is a different ballgame. This sort of hierarchy existed since time immemorial and MLM as a definite marketing system existed only in the past few decades. How on earth this hierarchy can copy a distribution system that the name was coined only a few decades earlier?
So, do we now say MLM follow the old hierarchy? Of course not. The reasons why MLM was borned, were very clear. The power of leverage, the elimination of marketing and other intermediaries, the low cost of distribution vis a vis distributors, and most of all, the ability to earn what you sell, as opposed to the hierarchy, where the danger is that your effort goes unrecognised.
MLM is supposed to replace this old hierarchy and way of doing business. If you are going to say they are the same, why the hell would anyone need to come up with MLM anyway. See the point?
On this point, what it has to do with Swisscash or other investment schemes? As in, what is it you want to point out about Swisscash and the rest? And also, what the issue got to do with investment on technology overseas?
so let's not even bother to categorise them as multi-level marketing.
these are true modern-day ponzi (money-only) schemes -- money in below, money out above -- that do not meet network marketing / mlm trade laws set by governments worldwide.
(it is interesting to note that sunshine empire aka emcom is listed alongside these companies. so its true huh, that what they're doing is........ )
indeed, Laurence has got the true-blue concept of network marketing right on the money (shown in bold above).
i think poor Lenny is having a hard time expressing himself though. let us help him rephrase his para...
in the E-quadrant setup, we've got the CEO who earns more than his 2 Directors, who earn more than their 6 Managers, who earn more than their Sub-Dept Heads, who earn more than their army of bottom-dwellers who have to slog it out 8am-8pm cleaning up the sh*te & licking the boots & kissing the a** & .......
(well, not to mention that the Heads & Managers & Directors themselves do do their fair share of sucking up!!)
in such traditional organisations, if any small soldier gets paid more than their supervisor(s), mayhem is sure to ensue.
now, assuming that everybody who takes part in network marketing puts in the same effort & performs at the same efficiency, naturally the person who heads the operation or first learnt of the biz opportunity (i.e. master distributor) will assume the leadership position & spread knowledge of the company & its product, & possibly dictate the direction of the marketing group, training methods, marketing strategies, etcetc.
each "subordinate" or in this case junior / sub-distributor will learn the ropes from the leader & of course earn less than he, because the senior is investing his time & efforts in the respective junior's training.
simlarly, the sub-sub will earn less, so on & so forth.
finally, the beauty of network marketing is that it amplifies the age-old fact that not everybody on this earth is equal; no 2 humans are the same!
some are more efficient workers than others.
some are better communicators than others.
some are better administrators than others.
some have better EQ.
some have better IQ.
so ultimately, a particular junior distributor may produce a higher-performing consumer/distributor network than his/her senior.
so naturally, he/she should be rewarded in a similar fashion for his better performance.
--> network marketing allows a deserving junior to earn more than a senior.
a level 99 distributor might actually be generating commission cheques far in excess of the level 3 distributor in the same commission period!
in a traditional company, a junior exec might be generating phenomenal revenue for his/her company, yet it is his immediate superior who determines his promotion & salary increment.
how likely is it than the superior might play down the exec's performance & minimise his/her year-on-year increment, all in the name of cost-savings.
if this junior boss pulls it off, it will impress his bigger boss on his persuasion capabilities & also the wise "cost saving" attitude he took.
basically, no matter how smart/capable a soldier is, he will never be able to climb above his colonel's head, and the colonel will never be able to climb above the general's.
(dirty local mlm setups aside) if network marketing is not fair, what do you guys think is more so?? -
oops...Originally posted by laurence82:er, you must read the person he is quoting, then you will know why he spelled like that
my bad...
sorrie... -
Originally posted by nwm:
Hmm, I am not sure whether Lennytan is professing the same points as what you wrote..
firstly, let's state for the record that swisscash, esuissefund, xthreem, & whatever else phony product / no-product companies are [b]purely money-games.
so let's not even bother to categorise them as multi-level marketing.
these are true modern-day ponzi (money-only) schemes -- money in below, money out above -- that do not meet network marketing / mlm trade laws set by governments worldwide.
(it is interesting to note that sunshine empire aka emcom is listed alongside these companies. so its true huh, that what they're doing is........ )
[/b]
Anyway, currently, i believed MLM still is not able to replace the old way of doing things unless it has been thoroughly reformed and regulations be made stricter.
Stricter regulations like the ones they imposed on the insurance industry would give MLM career a chance to be as professional and possess the same positive image as insurance companies nowadays. You could avoid insurance agents because you might not be interested in the insurance products, but one wouldnt readily call AIA, AIG or Prudential scam like and shady. The legality are pretty clear. -
oh, no lah. i'm sure Lenny thinks swisscash & what-nots are true honest network marketing.Originally posted by laurence82:Hmm, I am not sure whether Lennytan is professing the same points as what you wrote..
Anyway, currently, i believed MLM still is not able to replace the old way of doing things unless it has been thoroughly reformed and regulations be made stricter.
Stricter regulations like the ones they imposed on the insurance industry would give MLM career a chance to be as professional and possess the same positive image as insurance companies nowadays. You could avoid insurance agents because you might not be interested in the insurance products, but one wouldnt readily call AIA, AIG or Prudential scam like and shady. The legality are pretty clear.
laurence,
agreed. the DSAS has a lot of bucking up to do.
and you know why nothing much has been done to clean up the dirty tactics employed mostly by the local mlm setups??
because the exco heads are mostly from these local companies!!!
@#$%!!! -
okay lor, than all you have to do is to wait for year 2008 or maybe 2009 maybe that's when the govt will step in.Originally posted by laurence82:Hmm, I am not sure whether Lennytan is professing the same points as what you wrote..
Anyway, currently, i believed MLM still is not able to replace the old way of doing things unless it has been thoroughly reformed and regulations be made stricter.
Stricter regulations like the ones they imposed on the insurance industry would give MLM career a chance to be as professional and possess the same positive image as insurance companies nowadays. You could avoid insurance agents because you might not be interested in the insurance products, but one wouldnt readily call AIA, AIG or Prudential scam like and shady. The legality are pretty clear. -
So the basis for such forecast is?Originally posted by the_fallen:okay lor, than all you have to do is to wait for year 2008 or maybe 2009 maybe that's when the govt will step in. -
well i can see at least 4 or 5 in this list who are from the local companies.
who has opinions on the individuals listed? esp who shouldn't be there.
haha. -
MLM sucks. Sure somebody will succeed but it's just like the beachhead on D-Day in the opening scene of Saving Private Ryan. Out pf the thousands that fail and fall, mebbe only 1 or 2 will survive, let alone make it big............. I'd rather buy Big Sweep, 4D or Toto.......!
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wow, a true believer of lottery & gambling... I can tell you for sure, the chances of succeeding in MLM in at least a thousand times better then getting that first prize in toto or 4d. not to mention that lottery is a 1 time affair while MLM can give you a residual income many times that of any prize in tot or 4d...Originally posted by :MLM sucks. Sure somebody will succeed but it's just like the beachhead on D-Day in the opening scene of Saving Private Ryan. Out pf the thousands that fail and fall, mebbe only 1 or 2 will survive, let alone make it big............. I'd rather buy Big Sweep, 4D or Toto.......! -
Sept 27 2006 Straits Time ArticleOriginally posted by laurence82:So the basis for such forecast is? -
must paste article
Battling misconceptions about multi-level-marketing
565 words
27 September 2006
07:33
Channel NewsAsia
English
(c) 2006 MediaCorp News Pte Ltd. All Rights Reserved
SINGAPORE: It's been over five years since the law was amended to allow legitimate multi-level-marketing (MLM) firms to operate here came into effect, but the direct selling industry remains dogged by the negative image many associate with pyramid selling.
"In the early tough days, legitimate direct sellers were held back by suspicion. But sadly, this scrutiny of legitimate direct sellers continues till today; it is uphill still for us," said Mr Benjamin Tan, a founding member of the 30-year-old Direct Selling Association of Singapore (DSAS).
To improve its image and win public confidence, the body - which is made up of 22 of Singapore's biggest direct-selling companies - is calling for tougher self-regulation.
It is drafting rules to tighten loopholes in the industry - currently the association doesn't step in if any of its member firms collapse. With the new rules, it will step in to help affected consumers.
Also, it will step up on checks on its members: Those who repeatedly don't abide by its code of ethics and conduct will face expulsion.
"We will look into how we can better protect consumers' interests, whether through further collaboration with the Consumers Association of Singapore, or through local regulatory and industry partners," said Mr Nicholas Chia, chairman of DSAS.
The association is setting up a one-stop information centre for the public next month.
This centre will allow consumers to check - for free - the legitimacy of any direct-selling company, and help organise public education forums to inform the public on the differences between direct selling and pyramid selling (see box).
"However, if the negative mindset about the industry persists, we are under severe threat of losing a large pie of the potential multi-billion revenue that the global industry will generate," said Mr Chia.
While one in every 10 Singaporean buys from direct selling companies now, Singapore is still falling behind the rest of South-east Asia in grabbing a share of the US$101 billion ($160 billion) global direct selling industry, he said.
Last year, Singapore generated US$330 million in direct sales, compared with Malaysia's US$1.4 billion and Taiwan's US$2.1 billion.
Said Mr Chia: "We need a big mindset shift fast or we will be outstripped by other stronger direct selling markets in Asia for a large share of the global industry pie."
Multi-level marketing (MLM) and single level marketing (SLM) are the two forms of direct selling practised in Singapore. Consumers still tend to confuse the two forms of direct selling with pyramid selling, which is prohibited in Singapore.
"Direct selling is the sale of a consumer product or service, person-to-person, away from a fixed retail location. It is a popular alternative to traditional employment for those seeking to supplement their household income, or whose responsibilities or circumstances do not allow for regular part-time or full-time employment," said Mr Tan.
Pyramid selling on the other hand, requires participants to make a lump sum payment upfront to join the scheme, and the driving force to recoup the initial fee is the recruitment of more members, rather than the sale of goods and services. Many participants lost huge amounts of money under the scheme, and subsequently an Act was passed in 1973, declaring pyramid selling illegal in Singapore. - TODAY
Document CNEWAS0020060927e29q00002
More Like This -
Strangely, DSAS is just a body without the teeth, since its not an authority on its own. Like they said, its 'self regulations' with the regulations having impact on its members, such as stepping in to help customers of its members. Not really a wide reaching change can be forecasted in the short term.
Besides, I am not sure how far they can justify the legitimacy of any DS company, especially that which does not belong to the member list. Tricky issue. -
why compare with Malaysia and Taiwan?
at least compare with better country. -
if revolta, you deem malaysia & taiwan not "better"...
then isn't it downright sad that that these 2 "lousy" countries can far outshine a "developed" nation like Sg (which is supposed to have forward thinking citizens who are supposed to be educated & able to make logical decisions without prejudices & at least harbour a small degree of entrepreneurial spirit & be able to make the best of the amazing infrastructure the government has set up)??
alas, the contrary has been proven!
besides Sim Wong Hoo & Olivia Lum... & a handful of other figures... singapore is really short on open-minded business folks.
its no use having philip yeo herding everybody to grab the MBA paper when nobody is truly business-minded in the first place.
singapore sucks! hahaha
laurence, i believe the laws are in place as stated on MTI's website.
it's a matter of MTI & CAD enforcing the laws.
they just took their time in the case of swisscash.
the DSAS is more like an NTUC.
CASE should also take action on the consumer unfriendly practices by the so-called legitimate Sg-originated MLMs. i don't know what in the world is holding them back.
perhaps a lack of bold citizens to stand up for themselves and make a solid case -- for CAD & CASE to leverage on and take effective action?? -
Seriously, what 'better' countries?
These countries were mentioned simply because they got a larger direct sales revenue than us, hence 'better' in that sense. Nothing wrong with that I guess -
The law is as loopy as hell, seriously. As far back as s888.com fracas, s888.com technically did not break the previous MLM Act. They were simply charged for contravening the Act in spirit. The Exclusion Order did not explicitly correct this. Simply said, if a company do have products for sales, you cant fault it technically. Its going to take an exhaustive investigative work to prove that the company was not simply interested in selling that stuff, so then you can start to fault it on 'spirit' terms. Or perhaps, minor offences covered under other Acts might have to be pulled in, like selling to under 18 without permission of their parents, misrepresentation under Sales of Goods Act etc etc etcOriginally posted by nwm:laurence, i believe the laws are in place as stated on MTI's website.
it's a matter of MTI & CAD enforcing the laws.
they just took their time in the case of swisscash.
the DSAS is more like an NTUC.
CASE should also take action on the consumer unfriendly practices by the so-called legitimate Sg-originated MLMs. i don't know what in the world is holding them back.
perhaps a lack of bold citizens to stand up for themselves and make a solid case -- for CAD & CASE to leverage on and take effective action??
There is at least one other loopy Act which they dragged their feet about, I believe its the Frauds Act, something inherited from the colonial past.
Swisscash is relatively easier because they involve investments instruments, and the finance industry is too heavily regulated to let that get past notice by MAS.
I do agree we need more bold citizens, but then CASE and DSAS to me are like paper tigers. Seriously.