Lecturers forcing students – New Sunday Times
I was surprised to see my dad's view published on today's newspaper, page 20 on Viewpoints. It was a continuous subject from the last week paper, April 18,2010 – "Big Money on Campus"
Thank you NST for putting up Mr. Hock H.E. Tan's views on MLM in today's paper!
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Today's front page Exclusive on New Sunday TImes – April 18, 2010
and here is my view :
The most important thing about MLM is the Marketing Plan and its strategies. Over the years, new plans have been created and it improves from time to time. It needs a very experience person to create a Marketing Plan, which supercedes the old plans.
This experience person will also evaluate whether a company with this kind of plan can last or not. I have seen a plan and I know it won't last more than a year and true enough.
What will happen to a very established MLM company if you take away its Marketing Plan? I am sure the sales will drop. It is the Marketing Plan that makes the MLM Company grow.
It is impressive if one sees the plan in theory, but in doing it (practical) it doesn't work.
There is no such thing as putting money and making money without recruiting people in MLM.
Why does the money stopped coming in, when one slowed down? It is because one is selling. The moment one stopped selling, the income stopped. One depends on selling to earn a living. He/she should be building an organization by recruiting members. That is what MLM is all about – helping people building an organization.
Binary means two legs and pay by pairing – one left and one right. This kind of plan will have a problem, having a runawayleg.
Never buy and keep stocks. Buy products when you need to eat or somebody placed order to buy from you. You have a buyer and products sold to the end user.
Some joined and recovered their capital, but some don't.
by Hock H.E.Tan
(MLM involvement since 19th July 1975)
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I sat on the table with a newspaper lying on it after ordering my breakfast.
The heading "RM31 Million Return" on the front page of the newspapers caught my attention!
Investors of the Get Rich Quick Scheme Swisscash who lost their investment will get some of their money. Security Commission (SC) managed to solve the scam involving RM31 Million and those who entitled for the returns will have to fulfill certain conditions including the proof as a principal investor and not involving any recruitment of other investors.
There are about 3,000 investors lodged reports and claimed their lost is because of their involvement in the internet investment scheme.
About 80% of the victims are male professionals.
Swisscash Internet Investment scheme was banned by the government and its website was closed in 2007.
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In 2006, you can see many people in the coffee shops with notebooks explaining to their friends about doing some investment through the internet. We could name it as an Internet Investment with very high returns.
People are looking for fast returns and without a doubt many turn to this kind of investment promising daily interest. Moreover with the help of so called "investment agents", mostly comes from MLM background, the news spread even faster. The daily interest depends on the amount invested. The bigger amount you invest, the higher percentage of returns.
The above print out shows the statement and as you can see, the "Earning" is the daily interest of 1% paid from Monday to Friday, No interest for Saturdays and Sundays.
There are also commission paid for every investor you refer to join this program. This is where the MLM people comes into picture.
The websites providing this HYIP (High Yield Investment Program) is called piclub.us and forexcapital.us to name some. There are many others appearing like mushrooms out of nowhere. Internet Investment was extremely a hot topic and this phenomenon disturbed the growth of many MLM companies.
Today, the government has put a stop to this schemes.
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Get Rich Quick Scheme can be simply defined as:-
Put Money – Without Working – Make Money
Put in Money means investing, could be in any amount, from RM100 to as big as, like RM100,000 and make big money, normally without working. If you do recruiting, you earn more.
The top or early birds in this program, will earn a lot and the bottom people or the people who just came in, will earn less or loose money. The company will collect the money and do the payout. After some time, they are unable to make the payout. Sooner or later, most of these companies will eventually close.
Get Rich Quick is NEVER a long term business and it is not recommended.
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