Any people got heard about this company named Boss venture??

Please do share if you guys have information about this....

I hardly can find real info on the web thanks

Yup I went before the presentation at their hq. It's big in Indonesia and hk.

what is it all about?
my friend joined but he hardly can explain the detail

BossVenture is a business based on e-commerce platform.To put it in simple, this affiliate program is run through promoting/marketing products through the internet. You earn commission when someone buy product through you unique affiliate link.

Having said that, it's actually a MLM because is channel incentive to all the Licensee Re-seller if a sales is closed. Even though the company that runs and monitor BossVenture.com (Cash Deal Sdn Bhd) is register under Suruhanjaya Syarikat Malaysia (SSM) and acquired certification from MDeC as a MSC status company, and used BILL OF GUARANTEES.

Under ' BILL OF GUARANTEES , the government will not implement INTERNET CENSORSHIP. So any company under the status MSC is allowed to accept, process, and send data without any disturbance.

Bill of Guarantee No. 4: To give the freedom to source capital globally for MSC Malaysia infrastructure, and the right to borrow funds globally

Interpretation
1)Flexibility to Source Capital and Funds Globally.
Under this BoG, MSC Malaysia Status companies are free to source capital globally, unless otherwise stated in the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, or from residents, authorities, agencies or entities of countries specified in the Exchange Control Act 1953.

2)Non-residents investing in MSC Malaysia Status companies are free to repatriate any amount of capital, divestment proceeds, profits and dividends arising from their investments.

3)MSC Malaysia Status companies are free to remit funds abroad, which are made in foreign currency and transacted through licensed onshore banks.

4)MSC Malaysia Status companies are also free to borrow from resident and nonresident lenders in Ringgit and in any foreign currency4 to finance their business operations.

5)MSC Malaysia Status companies can borrow in Ringgit:
Any amount from licensed onshore banks and other residents. Any amount from their non-resident non-bank parent companies for purpose of financing activities in the real sector in Malaysia. Up to RM1 million in aggregate from other non-resident non-bank companies or non-resident individuals for use in Malaysia.

This mean, any company with MSC status is actually and supposed to developed infrastructure and technology under the law of BoG. Instead, BossVenture.com (Cash Deal Sdn Bhd) had misconducted BoG to run a business under MLM scheme.

Hope this made it clear for you.

MLM again meh!!! Very sian wo.

Selling product/service using MLM platform is not an issue. The problem with this company is that they misused the status of MSC to run the business. It's just the matter of time for this company to shut down.

My friend ask me on this. I just said bcareful...

according to my friend this boss venture not going to run for long at most until 2015 July/Aug

hI may i know why? i got friends who joined it.

Why? I'll tell you why. It's a stupid pyramid scheme.

Imagine you have a company with a solid business that will earn profit, are you going to set a date to shut it down?

I think you have the answer in your heart.

I dunno the actual reason

but the friend of mine already dumped 5k USD to this boss venture

i smell fishy but he sound very confident with the plan

since he said he already earning interest from the money he paid, i ask him to prove me that he is able to withdraw the money.

think if transaction success, will see the money latest Tuesday

If anything too good to be true, quickly run away fast fast and far far.

My rule of thumb, if business that can promise you earning more than FD interest without any risk is equal to scam, coz then all bank will go bankrupt.

Join only if you can stomach the risk. Higher the return, higher the risk.

i think MLM method is workable, but it depends on company .

Life Insurance based company also using this MLM method to Run.

Regahome in Cheras also using this method, HLA also.

Traditional, Amway . It’s method works, but depends on individual .

But this Boss Venture, IMHO is the unproper ppl using the MLM method to make money.

But make it CLEAR.!

“MLM again ?”

So what wrong? nothing wrong with MLM.

This method is proven workable. Undeniable .

Because of this method, many company misuses it. So come out a scenario whereby ppl judge based on “MLM” not the actual fact. THEY REJECT “MLM” .

There is no short cut or easy way to do business. whether MLM or Traditional Business.

Genuine MLM which you can think about is

1) How long does it operate?

2)Any NEW Research and Development?

3)How does it performs? Like it's stock exchange performance??

not just big company use mlm for faster return
every seller also will be guide to follow mlm technique...
on how to attract ppl.... all company....

information i have is you need to pay at least RM825 for start up

either you choose "sleep mode" or "active mode"

sleep mode you no need to find downline also can earn

active mode you need to find downline to earn more

i dont see any trading items here but money pretty similar to stock.....

can i assume this is an MONEY GAME?

No need to assume. It is money game.

so the money game it like Piramid stuff, and MLM etc right???

Yes, money game is sort of like pyramid scheme. Once no money get pump in, the pyramid collapsed. Hence, not something you would want to put money in.

Having said that, don't mixed up pyramid and mlm. MLM is just a proven marketing strategy.

BV used MLM technique in order to get money pumped in to the pyramid. Without IBO finding new prospect to invest money nobody get paid.