Business Trend

Pls watch this short Video presentation before moving on.



Knowing where the market is going is one thing. Capitalizing on that knowledge is another.

As consumers continue to transition their buying power to the online marketplace, companies that have the greatest strategic position are poised to capture the largest share.

We are leaders in identifying online trends early in their life cycle, allowing companies to attain maximum profitability for the duration of the market cycle.

BWW Private Franchise Vs Job Vs Conventional Business

Why this business?

	Job	Conventional Business	BWW Private Franchise Biz
Time required	Regular hours, trading time-for-money, 8-10 hrs or more for 5-6 days and 30-40 years = 60,000 hrs	No fixed hours, trading time-for-money, 10-20 hrs for 7 days and 30-40 years. = 100,000 hrs	Residual time, 2-4 hours a night for 3-5 nights and 2-5 years = 3000-4000 hrs
Capital required	No. Your 20-years of education.	Yes, in the range of $‘000’s to $00,000’s up front. Already in the red for initial 2-4 years.	Yes, $69 registration, refundable. Simple tools like books & tapes ($5-15) and attending functions ($4-15) to learn. Break-even in 1-3 months.
Supporting resources	Your qualifications, your time.	Your time, your capital investments, rental and overheads. Range of products is limited by your capital investments and business / strategies and plans.	Your time, >450 products, >500 patents, >10,000 employees, >500 R&D scientists, >360 acres of offices, warehouse, >89 countries of business establishment.
Rental & overheads	No.	Yes, employees, rental, inventory, fees, in the range of $’000’s every month regardless of profit or loss.	No employees, no warehouse, no office except home, no legal and accounting matters.
Other risks	Job insecurity, mercy of your employer, requires your time and health continuously	Mercy of the market and economy. Cash-flow problems, inventory loading. Requires time and healthy continuously. Risk of failure high. Possibility of come-back is costly.	Distributorship is refundable. Products are quality, evergreen, usable by everyone and 100% money-back. Time required to build this business only 2-5 years.
Qualification required	Yes – education & experience	Yes – education & experience	No. Just a dream and a great attitude to learn.
Flexibility of time	No, subject to company’s policy and employer’s approval.	Yes.	Yes.
Financial rewards	Fixed salary, incremental, predictable, not secure.	Profit, fluctuating, based on personal business volume, subject to economy	15 types of asset-type incomes, stress-free income, willable, transferable.
Other rewards	Your passion for your job, maybe rewarding, maybe not?	Your passion for your business.	Security, expenses-paid travels, friendship, family, personal development, touching other people’s life, fulfilling dreams.
What if you stop	No income.	No income.	Longevity of income even after you retire or stop for many years. Business continues to grow after establishing for 3-5 years.

Difference between Legitimate Network Marketing and Illegal Pyramid Scheme

How To Differentiate between a Legitimate Network Marketing company and an Illegal Pyramid Scheme?

	Network Marketing	Pyramid Scheme
Corporate image	Well reputed	Poor reputation
Management philosophy	Providing long term quality products to match customers’ satisfaction.	Obtaining short term large profiting before wrapping up.
Corporate strategy	By encouraging proper balancing of retailing and sponsoring to create a sustainable network.	Focus on recruiting new members to increase network.
Profit and reward policy	Profits derived from retailing of products. Fair and just reward based on individual organisation’s retailing and sponsoring efforts.	Profits derived from recruitment fees. Based on seniority and recruitment of new members which some times tie in with mandatory product packages for the distributorships.
Company lifespan	Sustainable for more than 20 years.	Less than 10 years.
Joining criteria	Small fee for a starter kit without having to purchase any products to start the business. Fully refundable after a cool-off period.	High sign-up fee plus packaging some products to kick-start the business. Non-refundable. Cool-off period unreasonable short (less than 7 days).
Product category	Consumer products, consumables, wide range, repeat buys.	Narrow range or single line of products, no repeat buys.
Pricing	Reasonable and competitive in the market.	Unreasonably high or undeterminable.
Product guarantee	Full money back guarantee for consumable products for reasonable return period (more than 30 days).	No money back guarantee or unreasonable return period (14 days or less).
Service and support	Responsible and responsive support.	No service and support.
Company employee restriction	Employees are not allowed to join as distributors and do retailing.	Employees can recruit and retail.
Assurance to distributors	All distributor roles and responsibilities, rewards and rights are clearly spelt out and adhere to DSAS regulations.	No such assurance.
Distributor training system	Focus on training both retail and sponsor activities such as sponsoring skills, leadership training, products training, rewards system training experience sharing.	Focus on recruiting new members. Over claim in income levels.
	Team meetings based mainly in homes and private venues with public conference venues as occasional support. Set-up is professional yet practical.	Only held within company premises or specific locations organised by the company. Set-up usually lavish and for the purpose of attracting new members.
	Retailing and sponsoring activities can be conducted almost everywhere.

Online Buying Trend in Singapore

Singaporeans are Receptive to Buying Online Article from ACNielsen, world’s leading marketing information provider 2 November 2005 Singapore Singaporeans are receptive to shopping online with more than 8 in ten online survey respondents (81%) having shopped on the net. The twice-yearly global ACNielsen Online Consumer Opinion Survey, the largest of its kind, polled over 21,100 respondents in 38 markets from Europe, Asia Pacific, North America, Latin America and South Africa. The study asked Internet users around the world about their online shopping experiences including when they last made an online purchase, what items were last purchased (see Table 2 for a list of items covered), the method(s) of payment used, what payment card was used the most for online purchases and the most preferred payment method when shopping online. Across the globe, the most popular items purchased by internet consumers online are Books (34%), followed by Videos/DVDs/Games (22%), Airline Tickets/Reservations (21%) and Clothing/Accessories/Shoes (20%). In Singapore, Airline Tickets/Reservations generate the biggest online market (36%), followed by Books (19%), Clothings/Accessories/Shoes (16%), and DVDs/Videos/Games (16%). In Asia Pacific, where the average number of purchases in the past month is five, online shoppers in markets like Singapore, Taiwan, Australia and China, made an average of five to six purchases in the past month. South Korea, which has the highest proportion (92%) of online shoppers in Asia Pacific, generated an average of four purchases last month. The world’s biggest online shoppers are in Germany and UK, averaging seven and six purchases respectively in the past month. Along with Austria, Germany and the UK also have the highest incidence of online shopping with at least 95 percent of Internet users having purchased online. It is not surprising that online purchases relating to travel rank high in Singapore, as Singaporeans are known to be avid holiday seekers. Holidays/vacations ranked 2nd amongst Singaporeans when asked how they intend to spend their spare cash in the same survey. “In addition to Singapore, airlines and online travel agents would be wise to target markets like Malaysia (55%), New Zealand (40%) and Australia (35%) for which Airline Tickets/Reservations are a common online purchase,” said Ashok Charan, Managing Director of ACNielsen Singapore. What people buy varies widely by market. “International book sellers would want to make sure their websites accommodate Korean and Chinese languages as Books top the list of items purchased by the Chinese (56%) and South Koreans (50%). This represents tens of millions of consumers in those markets and this is growing rapidly,” said Mr Charan. Meanwhile, in Japan, Groceries (26%) are the second most popular item purchased online after Books (30%). With an average of four purchases in the past month and over 69 million estimated online shoppers, Japan presents a big opportunity for online book sellers and grocery sites. Over half of South Korea’s 29.4 million online shoppers have purchased Clothing/Accessories/Shoes online. South Koreans are also the most likely to buy Cosmetics/Nutrition Supplies online (34%), three times higher than the global average of 10 percent. For most of these online purchases, credit card (59%) or bank transfer (23%) was used to make the payment. In Singapore, payment via credit card is undoubtedly the most popular and preferred method of internet transactions, far surpassing all the other payment options—72 percent of Singaporeans surveyed cited credit card as their top payment method, while half said it is their preferred choice. The most often used payment card here is Visa, used by seven in 10 respondents here. Mastercard follows with 21 percent, while American Express is used most often by six percent of the people who have made online purchases. About ACNielsen ACNielsen, a VNU business, is the world’s leading marketing information provider. Offering services in more than 100 markets, the unit provides measurement and analysis of marketplace dynamics and consumer attitudes and behavior. Clients rely on ACNielsen’s market research, proprietary products, analytical tools and professional service to understand competitive performance, to uncover new opportunities and to raise the profitability of their marketing and sales campaigns. To learn more, visit www.acnielsen.com.

Values Behind the Business

1. Foundation

- Represented by 100% policy board : 40% family, 60% distributors

- Founders Council – Congregation of the world’s top distributor leaders to represent the distributor teams throughout the world

2. Products

- More than 450 products; developed with patents and state-of-the-art technologies

- Only an IBO has the exclusive rights to market Amway products

3. Proven Success Stories – Over 49 years and 92 markets round the world

4. Low Start Up Cost - No Rental Cost, No Overheads, No Inventories – No risk.

Values

1. Income

- Unlimited income potential, Growing residual income, Protected against inflation

- Monthly bonuses & annual profit-sharing

2. Security

- Consistent form of income (residual income) that gives you a stress-free lifestyle

- Business is fully Inheritable – leave a legacy for your future generations

3. Travel

- All expenses paid 5-6 star “Amway Leadership Seminar” (ALS) travel – DD or Emerald for both husband & wife (including children for Diamonds & above)

- Diamond Invitation travel – 2 travels per year

- Founders Invitation travels (for Executive Diamond and above)

4. Fulfilling manhood

- Both husband & wife have option to retire from corporate job / traditional business & become a full-time father / mother to their children.

5. Personal Development

- Negative to positive person, improve own confidence, personal outlook and directions, enhances interpersonal/ presentation skills, help others to be successful

6. Business built on Friendship

- It is not how much you know but how much you care. Find and uplift true friends while building the business.

7. Recognition / Encouragement

- Appreciation rallies : share your success & experience with others

8. Don’t have to work 30 – 40 years with no secure income at all

- Leverage on your sparetime for only 2-5 years in this business and enjoy a residual income and a carefree life.

9. Family Business

- Run the business with family with conflict or pass down to the next generation.

10. Achieve your Dreams
- Spiritual & material dreams, your life’s goals.

Why Amway?

JOIN AMWAY FOR 4 MAIN REASONS

1) Freedom

Total Personal Freedom is when we have financial freedom and 24 hours a day all for ourselves to decide what to do with our life.

2) Reward

The Amway business provides a legacy income that is more secure than any other forms of incomes as this will continue to reward us and our next generations for the efforts that we put in for 2-5 years on a residual time basis. Rewards in this business, including expenses-paid 5-star travelling, are also enjoyed with family and friends in the business. Can a job or conventional business do that? Can the company hold a function in the hotel to honour and recognise your achievement?

3) Family

The Amway business and activities center around the family. We also recommend distributors to foster better family adhesion and show respect for others.

4) Hope

The Amway business gives everyone a fair playing field, equal chance and opportunity to own your business and fulfil your dreams. You will be able to offer this hope to family, friends and people that you care for. It is a “people helping people help themselves” business.

On top of that, the Amway business has the following values:-

1) Product advantage - More than 450 own-manufactured quality consumer products available exclusively to your business and backed by a dedicated team of more than 500 R&D scientists.

2) Low registration & start-up fee - (for starter kits) and low annual distributorship fees - no capital required and therefore no risk.

3) No sales target - You will not be forced to sell products and you are allowed to run the business at your own pace depending on your size of your own dreams.

4) 100% Satisfaction Guarantee - Anytime you buy an AMWAY product you have the right to use for a reasonable period of time (within 90 days) to determine if it is satisfactory and you want to keep it. Should you decide it is not satisfactory, you can return the product (with at least 80% content unused) for a full money back guarantee. Even the registration fee can be refunded if you think that this business is not suitable for you.

5) 100% Policy Board - Governed by a policy board in which 40% is chaired by the founding De Vos and Van Andel families and 60% is chaired by top distributors together with Founders Council consisting of Crown Ambassadors from around the world to represent and protect distributors’ and customers’ interests.

6) Business built on friendship - It is a people-helping-people business and if you are someone that enjoys helping others, then this is the best business for you. You touch people’s life for the better.

7) Fair and proven plan - The Amway Sales and Marketing Plan has been around and tested since 1959 based on sound business principles and a spirit of Free Enterprise. Regardless of your background and when you start your Amway business, you will be rewarded with personal freedom and fulfilled your dreams based on your own goals and efforts.

8) Proven success stories - We have seen many real-life success examples in over 92 countries around the world, and instead of standing there and envying them, why not join them?

9) Personal development - This business will develop you from a negative to a positive person, improve your confidence, inter-personal and presentation skills, and helping others do so.

Network Marketing -By Robert Kiyosaki

Network Marketing - It's an Asset, Not a Job
By Robert Kiyosaki

I am sometimes asked, "Why do so few people make it to the top of their network marketing system?"
The truth is, the top of the network marketing system is open to everyone — unlike traditional corporate systems, which allow only one person to reach the top of the company. The reason most people do not reach the top is simply because they quit too soon. So why would someone quit short of the top?

Most people join only to make money. If they don't make money in the first few months or years, they become discouraged and quit (and then often bad-mouth the industry!). Others quit and go looking for a company with a better compensation plan, but joining to make a few quick dollars is not the reason to get into the business.

The Two Essential Reasons to Join a Network Marketing Business
Reason number one is to help yourself. Reason number two is to help others. If you join for only one of these two reasons, then the system will not work for you.

Reason number one, means that you come to the business primarily to change quadrants — to change from the E (Employee) or the S (Self-employed) quadrant to the B (Business owner) or I (Investor) quadrant.

This change is normally very difficult for most people — because of money. The true 'E' or 'S' quadrant person will not work unless it is for money. This is also what causes people to not reach the top of the network marketing system: they want money more than they want to change quadrants.

A 'B' quadrant or 'I' quadrant person will also work for money, but in a different way. The 'B' quadrant person works to build or create an asset — in this case, a business system. The 'I' quadrant person invests in the asset or the system.

As a 'B' or an 'I', sometimes you don't get paid for years; this, a true 'E' quadrant or 'S' quadrant person will not do. It's not part of their core values. Risk and delayed gratification disturb them emotionally.

Delayed Gratification and Emotional Intelligence
One of the beauties of network marketing is that it focuses on developing your emotional intelligence as well as your business skills.

Emotional intelligence is an entirely different matter from academic intelligence. In general, someone with high emotional intelligence will often do better than someone with high academic intelligence but low emotional intelligence. That explains, in part, why some people do well in school but not so well in the real world.

The ability to delay gratification is a sign of higher emotional intelligence. In a recent study of emotional intelligence, it was found that people who could delay gratification often led more successful lives than those who could not.
This is why the educational system inherent in a good network marketing opportunity is so important. It's the emotional education or emotional intelligence aspect of their programs that I find so valuable for people.

Many people write me and tell me they loved my book, Rich Dad, Poor Dad, but I fear that many of them don't get the most important point of the book: Lesson #1, "The rich don't work for money."

Once I have built or bought an asset, that asset works hard to make money for me. But I will not work for money — I will work only to build or buy assets. Those assets make me richer and richer, while I work less and less. That is what the rich do. The poor and middle class work hard for money, and then buy liabilities instead of investing in assets.
What Kind of Asset is a Network Marketing Business?

Remember, there are two reasons to be successful in network marketing: to help yourself, and to help others. Reason number one means helping yourself get to the 'B' side of the quadrant. What about reason number two?

The beauty of most network marketing systems is that you don't really make much money unless you help others leave the 'E' and 'S' quadrants and succeed in the 'B' and 'I' quadrants. If you focus on helping others make this shift, then you will be successful in the business.
If you only want to teach yourself to be a 'B' quadrant and 'I' quadrant person, then a true network marketing system won't work for you. You may as well go to a traditional business school, which focuses only on your becoming a 'B' quadrant person.
The beauty of a network marketing business is that your goal is to create assets, which are other 'B's working under you — and their job is to create other 'B's working under them. In traditional business, the focus is for the 'B' to have only 'E's and 'S's working for them.
The type of business I was taught to build is a business with me at the top and 'E's and 'S's at the base. I really don't have room at the top for many other 'B's, which is why in my businesses, I strongly recommend that all my employees look into network marketing as their own part-time business.

The traditional corporate system really is a pyramid, because there are a few 'B's and 'I's near the top, and more 'E's and 'S's at the base. A network marketing system is a reverse pyramid: its primary focus is to bring more and more 'B's to the top.

One type of pyramid, the traditional type, has its base on the ground; the other type has its base in the air. It's a pyramid that pulls you up instead of pushing you down. A network marketing business gives everyone access to what used to be the domain only of the rich.

Robert Kiyosaki is the author of the best sellers Rich Dad, Poor Dad; Rich Dad's CASHFLOW Quadrant; Rich Dad's Guide to Investing; and Rich Kid, Smart Kid. He is an internationally recognized speaker and teacher on the subject of money. J.P. Morgan declared "Rich Dad, Poor Dad a must read for millionaires" as reported in the Wall Street Journal, and USA Today called Rich Dad, Poor Dad "a starting point for anyone looking to gain control of their financial future."