MY Experience on Business Investment
I’m a student Bachelor Degree in Computer Science who graduated from Tunku Abdul Rahman College.
Bear in mind spending my mum paid around 30k to help get a degree can have a better career.
However, all these is wrong with my mind, starting life in social community with fresh graduate finding the first job is hard if you are not the top student. I have spent around 2 month to get my first job with start paid RM1400. It is pretty low compare with other MNC company. The company is doing UBS software solution business. Of course, but I don’t picky & thinking of gain more in experience in life. I have make decision to join the company. I serviced these company around 3years + 6 month which I had spent my majority time & effort to learn all the module of the system. My paid is getting revised after my knowledge & my role & task increase. My job scope is not only providing support, training & project management. Besides, i also work as sales to increase my revenue.
I am just 24 years old at that time. My paid getting increase from RM1400 to RM2800 (Basic + Allowance + Commission). Sometime even can be reach to RM3400. But you have to work very hard & scarify your time to hit the target.
One year later, I get my saving to purchase my first property which is apartment at PJ with monthly installment RM700++. My commitment is starting now. I am thinking to getting increase more income for my retirement or future.
I starting explorer with some investment like Multiple Level Marketing games, membership fee games, water machine investment, unit trust, online e-book selling, EBay, lelong.com & tried to be property agent at part time as well.
However, I didn’t join in any field of my research. The reason is:
I dun like MLM marketing product as need to face to face meet with stranger person & talk a lot the advantage of the product to push your sales. You friend & relative keep away from you where every meet is talking about your new product & push them to try.
I hate membership fee games where the strategic is like collect your money & teach you to fish another friend to join the group & doing the some method what you did early. There is no real product for the company. The business is not for long term.
I invested into RO water machine (water vendor business) which cost about 20k totally & believe will return 10-30% in investment after minus the expense. The oxygen water machine requires rent space & finding shop owner who is agreed you setup there. At the end, I lossed about 9k after the machine sold to other partner. There is a scam where the franchise will get your money first, sharing 30% of your monthly revenue for reason maintenance your machine part & through all the risk to the owner. Their service is too bad.
I am dun mind to share their website here: http://www.waterlife.com.my/waterlife/index.htm . The company is located at near the Subang & Sunway.
Example of the water machine selling by them:
There is another water vendor business called AIRKU which is quite popular at Malaysia at year 2005. I had gone through their office to understand their business concept before.
This is the model you will see at some shop.
The AIRKU WATER HYDRANT (water vending business) getting popular because of their good strategic plan & promote public business works better than other investments! A lot of people wish to be start their business with small capital business & join their franchises business plan with machine cost around RM33.8880.
Below is their strategic plan:
1. Provides pure, clean and healthy R.O. water to the public your preferred location! You can choose your location.
2. Multiple passive incomes. Not just limited to ONE, but 7 strategies to earn more income from the business!
3. Make your capital generate a potential return of 35.2%-40.7% per year with very little time and effort spend on the business! A lot people crazy where the AIRKU help them to promote & launching the marketing strategic, allow choose & control the location to place the water
Machine.
4. Own a franchise business with a small capital of only RM 33, 888 with 100% CAPITAL GUARANTEED. Your capital will be reimbursed if what we say doesn’t happen. That’s legally binding.
5. Long time parts & services warranty - The water hydrant machines come with 8 YEARS WARRANTY on all parts and services to maintain it at tip-top condition! However, you have to share about the 20-30% from your monthly sales revenue.
6. Training program provide - YOU invest in the business, we invest in YOU. Training and business coaching supported by ACTION International – the world’s No.1 Business Coaching company (rated by ..enterpreneur.com)
7. Second richest man in the world owned similar FINNCIAL SUPPORT to invest in the stock market and become Billionaire thereafter. The greatest secret of the RICH is to accumulate ASSETS that generate POSITIVE CASH FLOW and SECURE PASSIVE INCOME. Make a SMART CHOICE today and start REWARDING yourself immediately!
Recently, i also saw the following information online which is attractive to share.
Beware the Top 17 Scams in Malaysia market. There are anywhere in the newspaper advertisement & you may hear these from your friend.
There is no such thing free lunch, if you want getting richer. You must work hard to do a lot of research & do a real action when you think it workable..
Don’t invest blindly and lost your hard earned money just for rich in short term.
Attached is a good compilation of suspicious business scams.
1. The Cafe Scams - Island Red Cafe & Stevens Corner
(Strange, both in Pandan Indah, Cheras) - Island Red Cafe collects members RM6,000 each and promised 5% return every month and even give you a name in the ROC as a shareholder but what’s the point when they run away? Does it a money game?
Stevens Corner, the famous indian coffee shop follows due to drop of business since their renovation. They collect RM3,000 per member and promise return of RM150 monthly and plans to open nice fanchisee cafe called StevensTeaGarden. Someone mentioned they will make you sign an agreement that give them the rights NOT to pay you anything in future. If you really wish to join, ask for a copy of their agreement and consult your lawyer BEFORE paying them. Bet you will NOT get a copy. Both collect monies from new members with MLM recruitment schemes and pay the old members like Sunshine Empire. You never know when they will run away.
2. Sunshine Empire
This licensed and legal Company has an impressive office at the ground level of KUB building along Jalan Yap Kwan Seng, near Menara Public Bank and AmBank Building . They also have a showroom office at the ground level in the next building. 3 or 4 months ago, Singapore’s Straits Times and The Paper published big news reminding their people to be careful and NOT to believe in them. Hope someone can put up the link or> google for it.(As expected, they STOPPED paying back members now and all investors LOST their money).
Someone below has put a link to the Singapore news... In fact there are more to it. Although Singapore is investigating them, they did not stop their business as the business is legal and so far, no Singaporean has failed to receive their commissions as promised. Thus, the government cannot stop them yet. The news published that the founder, director and group president is someone named James Phang but he is NOT the owner. Isn’t this quite strange? At the end of the game, James Phang can just disappear from the Company easily and claimed that he was just “employed”. Such trick always happened in scam businesses. Now, the Company has STOPPED paying commissions and interests to members with the excuse that the Singapore government has freezed their bank account while under investigation. Do you think their boss will be so stupid to keep much monies in the bank to be freezed? They are all transfered away. It’s just an excuses not to> pay back to members and members are only paid “e-bonus-points” which is cashless. If they wish to> convert to cash, they have to recruit new members to pay them cash and the recruiter less out from the amount. So victims act like Vampires and “forced” to victimise other victims if they wish to get their monies back. And their victims will later transform to vampires and the scam carries on…..
3. MobilWallet
This Company owned by 2 young men, Stanley & Rey Gan, office in Queens Avenue Park has collect multi-millions the last 2 years. Claimed that they tied up with Telekoms, Utility Board payment like Water & Electricity bills, even Maybank got fooled by them. Advertisement Billboards everywhere. They STOPPED paying back their members few months ago and the members cannot do anything because they are made to sign an agreement unaware that they have to claims if the company stopped paying them by CHANGING terms and policies..
4. Water Business - Oxygenated and Alkaline Water Products
Some of these are bottled water and some are filters or equipment that claimed the trick..One of the better known Company that sold “oxygen” water is SITO (supposed to stand for Selangor International Trading Organiszation and claimed Selangor State Government owned some share in it). The key person and founder is a Dato Robert Ong from Rawang but his name is no longer in the business now. Their products are sold for RM2 to RM3 for a 350ml bottle and now concentrating mostly in the Indian market. Their Chinese and Malays market are long gone since a year or 2 ago. Their customers are made to believe that their water has more oxygen and able to give miraculous effects for the body. Water is H2O, how to put more O into it? Anyone knows how much oxygen do we breathe into our body everyday at FOC? Latest news is that this SITO Company is going to create new label to market under a new Company since the SITO name has already gone bad. Someone informed that this Company is owing alot of money(due to refunds) to ex-stockists but just refuse to pay them. (Latest news, SITO shifted to another place and their MLM business has closed but planning to start again with a different name, bewares!!)
Alkaline Products - Can anyone explain how it can work for the body? The stomach’s gastric liquid is so acidic that water of any pH that goes through it will not make any difference.
5. Car Fuel Booster - K-Link
K-Link, the famous scam MLM Company that sold the footpatch TAKARA, later the “cock-ring” and energy-card launched the patrol-saving pills last year. Got so hot that even grocery shops are selling for them. Recently many of these cars that used the pills are rushing to the workshops to clean the residual. Few months ago, another MLM Company launched a fuel booster gadget, claimed that saves up to 20% fuel, that is attached to the cigarette lighter. Started off well using binary plan but businese begin to fade now and most users find it NOT effective.
6. Perfumery Products
(eg. Lampe Berger & Bel Air).Lampe Berger is not so hot now in the neighboring countries but there are still new victims every month in Malaysia . Must thanks to those who have contributed and kept the thread alive here in Kopitiam. Lampe Berger have closed in Malaysia . LB is almost zero in Singapore . This perfumery product from France with over 100 years history is just bottles and fragrance (check the factory’s website) but the Company marketing them in Asia claimed “aromatheraphy” products. Hong Kong TVB aired a program that exposed their scam but their members claimed that HK’s TVB already apologized to them. Note that the biggest strength in a MLM Scam is their members will go all way out to lie in order to defend for their Company. The reason is simple; these members fear that they will not be able to make their money back if the Company collapsed. Knowing that the Lampe Berger products are moving slow, they add a line of skincare products named Estebel, also claime to have over 100 years history in France. (Hardly anymore Chinese newcomers, they are now tapping the Malays in Malaysia.)
7. Energy Products
(eg. stone pendants, bracelets, mattress and pillows). They use all sorts of gimmicks and demonstration to make you into believing them. They will do some tricks and demo to prove that these products really produce energy BUT are there any tricks in their demo? So what if there really produce energy; is it good or strong enough to help the body? The effect is actually PLACEBO which I will elaborate in a new thread soon.. (More details later.)
8. Hi-Tech Products
Names like bio-tech, nano-tech that claimed millions of dollars of research involved, eg Bio-Young and XKL few years ago. Most of these will claimed a professor behind them (even with name and picture of a person) or used words like “U.S.A. formula”, “German Technology” or “Nanotechnology” and no further details (more details later). If you ask for more details like the professor or factory’s address, the answer will be “trade secrets”.
9. Investment Schemes
SWISSCASH is the King of all. Swiss cash is nearly over now but there are many similar and smaller ones that are still on. (Now, it’s closed or stopped paying back members.).
Recently, the share market is quite slow. A lot people focus on Forex investment market & believe it can make big deal. Some even provide free seminar & telling the secret but you have to paid the membership fee & take the course around 4-5k in learning Forex marketing & strategic in investment in more deep details.
Does the Forex really make money? If yes, why dun they invest themselves & need ask for many people joining their team? They give reason need sharing good thing with public. Does it? I think they are smarter than you where earning your money first before you get your ROI investment return.
10. GoldQuest
This Company that claimed to be HK-based started with some non-value gold-plated coins that are sold for over RM2,000 have several names and changed products several times. QuestVacation, QuestNet, etc. They have several offices in Amcorp Mall, PJ and their key person (in fact, the owner), a Malaysian Indian was arrested last year in Indonesia for having involved in a very big Phillipines scam. Most of their overseas offices are closed or inactive but their Malaysia business is still hot, with some “energy” products. There are many case for GoldQuest being illegal & many report to be found by going to google and typing in gold-quest scam.
Please go the following link to view the new about the GoldQuest.
Managing Director of Gold Quest(Quest Net) detained under Goondas Act.
http://timesofindia.indiatimes.com/Cities/managing_director_of_Quest_Net_detained_under_Goondas_Act/articleshow/3069639.cms
Goldquest Scam boss arrested
http://www.mouthshut.com/review/General_Advice_on_Pyramid_Schemes-124699-1.html
GoldQuest is a scam
http://www.mouthshut.com/comment/readcomment.php?rid=143695
11. Numerogy & Fortune Telling
A Company named Visible is using MLM to sell fortune telling classes using your birthday based on numerology fortune telling. Prospects will be told that they need to buy a certain “number” between 1 to 9 in the form of pendants or bracelets made of stainless steel and sold from RM600 to RM20,000. Customers or rather victims are mostly females from rural areas. Very hot in Penang & PJ now and a number of spin-off Companies have started.
Does the number really make your life different? What is the reason the ‘number’ of bracelets made by normal stainless steel need cost so expensive where there is not made by diamond or gold?
They paid the commission from what you subscribe & purchase the item from them. Then ask you pull another friend to join in team to continuous the money game. Isn't this is money game?
12. MJ - Life
MJ-Life - This Company boost of a very big background with many many years of history which is NOT true. Their people or associates may be long in business but nothing to do with their MLM launched recently. Why do I consider it a scam or bad? New members are told to pay a sum of money (up to RM1000) and you get NOTHING for it. You only get a membership can entitle you to enjoy all sorts of special price and discounts when you have medical check-ups in their centres.. They will claim all those check-ups cost more if done elsewhere. It’s not true. Only the naive and those new to medical check-ups will fall victims to them. Most members who paid the money ended up with nothing.
13. Seaweed Venture Scams
1 such Company is located in Taman Maluri, Cheras. They will ask you to invest a few thousands ringgits for their venture of growing seaweeds in East Malaysia and you are guaranteed returns. To gain your confidence further, they will tell you your investment money is secured by “insurance” or “unit trusts” & “trustees”. When you ask for further documents to prove, they will give all sorts of excuses or just ignore you because they know they cannot get you. These Seaweed scam is one of the hottest now, warn all your friends about it before they are victimised.
14. MXM (Previously MGM)
This is a master scam among the younger group, very successful 2 or 3 years ago but since there moved to their big 10-storey office at Phileo Damansara and changed name to MXM, their business dropped. They collect members RM3,000 to RM4,000 with credit card monthly easy payment and in return you get a hospital benefits insurance from Pacific Insurance worth only a few hundred RMs together with some you-don’t-need medical check-ups from their associate Company Pathlab. Also talk about fitness, lifestyles bullshit that is all worthless.
15. Gano Excel
This company from the north, a copycat of DXN selling Lingzhi capsules created a new Company called Gano iTouch to cash-in on the internet like e-Cosway after their Company went down the drain since the last 2 years, selling Linzhi and some no-value energy pendants and alkaline water gadgets. They provide free transport every weekend from KL to visit their Alor Star office.
16. NuLife (HK)
This Company started by some HK people has been in Malaysia for more than 10 years but they have flopped in HK and Malaysia due to bad management and a product scam making use of a prosecuted American named Dr Jeffrey Bland, found guilty of false products claim. Since this case in the US leaked out and many Malaysians found out that the real boss in HK is a Steven Tang (he cheated many Malaysians in another scheme about 20 years ago) their business went down all the way. Now they claim Malaysian partners cheated them and start a new Company in Malaysia . Watch out, this new Company will come out with some investment scheme idea that will get many to lose their money.
17. Arowana Fish Breeding
Oora from Germany , Biofuel (Kompleks Maluri) etc - These are some newer scams. Arowana fish venture ask you to invest some money and give you fixed return. Biofuel will tell you their Indonesia connections (just like Sunshine Empire before using Taiwan) & Oora from Germany(I never trust those cruel Germans) that market some bio-chips and a gadget that claims to give energy and therapeutic effects of accupunture, tai-chi, yoga, etc depending how you set the toy-like gadget, wear it on your body and you get the effect later.
They could not explain or provide any demonstration to prove their effectiveness. Only doctors and papers claim that I will never trust.
Lastly but not least, thank you for reading to the end and I hope you can come back for some comment and updates or help to contribute for me to update.
If anyone are the member of the business above saw the blog.
Please dun just start shooting me, you better think for yourself if this deal is indeed too good to be true. Take the 1st case for example, 5% return every month? holy cow, where on earth can you find such a superb ROI? And where do you think these fellas gonna get their income to pay you? They will need more than 5% return in order for them to pay you and then take some profit for themselves. Even if they manage to really get 5% return of investment, it will be considered a failure as well because there will be no profit on their part.
So this is just a sharing, if you think they are not scams, by all means, go ahead and participate, after all, it’s your own money anyway…'After you're cheated, here is the 'best solution' for you to get out
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Very thirsty. Drink first miao..
Hiya, a cat ridder is coming.
Toilet! Toilet! Where is toilet?
Bicycle brother..u better stay inside the tent. The weather is getting cool & raining soon. Susan,can you please moving outside. My tent is only can occupied for me & bike.
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Who shoes is it? Make the bird faint down?
Tokyo Samurai hero is here.
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