Passive part.. how many percent over your capital have you taken out?

Depends on how you see it.
I personally have 3 accounts, my 10k account is set to withdraw full 1 week for every month
My 2 other smaller accounts is set constantly 50% withdraw.
I didnt actually count the numbers, but being with them for a year gives me a profit of about 120% after all deduction on paper
If you are a new account of 6 months or less following my method, you will be losing money Unless you have a 10k account.

LOL.. but don't you feel sorry for the ones holding the bag when it dies though

If it dies, yeah I feel bad.
But I have warn everybody on the risk involve, and is not like I tell give them all the fruity news only.
I have a reputation to keep with many of my clients and partners, and I wont tarnish it because of such small sum of cash. They understand the risk, they understand its under BNM alert list, and they cash in if they feel comfortable

hi Azurika, did u get my message ?

fair enough. so this is like who join last will lose. this business is for sure will close some day, but if you're able to invest and make profit before it closes, you're good. as I said, my uncle asked me to join. but after i've read the explanations here, the risk is too high for me. unless i have abundance of cash, i wont mind. like u said, high returns come with high risk. i'll stick with unit trust for now.

Thanks!

Well, if you want to say it as who join last who lose, I think this goes with all MLM companies, no ? Even legal ones

Im involve in several other MLM companies, being a pinior definitely have it perks , but risk at the start.

True, it applies to all MLM companies IMO. I'll keep a lookout if theres something similar like this in near future..maybe i can be the early bird this time.

Fact of truth, all MLM companies starts being very shady, it just your own call if you take that opportunity or not.

Give you an example, Kenshido started out like everybody else, even made it to the list of top 10 scams in the MLM industry, type Kenshido into your google, you will only see the scam post coming out. But look where are they now ? Look at their business model and how legit they are. It was hard those days as i borrowed RM2k to join, but I glad I made that rash decision

Remember this, doesnt mean that a legit business, have responsible and ethical members.

MLM is different, they aren't ponzi schemes that guarantee (or even imply) any sort of passive return. The business model is based on selling overpriced products and passing on the excess markup to the downline. It's passive income but it comes from the downline who are working to pay you.

Ponzi schemes pay you even if you are doing nothing, no one has any idea what they are doing but they somehow can manage to pay out like 1% a day or whatever the rate is

Actually we know what they are doing, how they are generating the 1%, and Id also understand how they were previously overpaying
Its just nobody bothers to listen/understand it and are keeping a direct deaf ear pointing it to a ponzi scheme with impossible payouts
Trust me, if everybody pulls out 1.5% daily, thats bloody overpay, and we all know that. Which was why few weeks back it drop to 0.87%. I have discuss this with Richard right after that on this issue and we came out with a way to tackle this problem which will be implemented in July.
To those already in it, stay tune !

Trust me, if everybody pulls out 1.5% daily, thats bloody overpay, and we all know that. Which was why few weeks back it drop to 0.87%. I have discuss this with Richard right after that on this issue and we came out with a way to tackle this problem which will be implemented in July.
To those already in it, stay tune !

i'm glad to hear that's a solution for this situation, but i hv heard also there are some bv's senior leaders will try to pull out as much as they can for the following months... Some of them even supporting other company which has a similar system as bv has now ! So, i'm wondering that would bv's backup plan will really works towards the problem efficiently ? Any negative effect on passive reseller ?

if no more new reg , so it will depend on malls and peek purchase.. if no more on those 2 .. so no more incentive taht y company give UP TO 1.5& not a guarantee u can get that..

I've done some fair research and concludes that its a ponzi. the items are overpriced and will no way support the payment incentives. can safely says 90% of the incentive comes from new registrations.

FYI as i say other than mall is new reg and peek credit purchased ....that peek credit purchased is not like ...1usd ....atleast 30usd a mont h, or minimum 500 usd .. so with 200k ppl join .. every day some of then will topup ..every day ...and with new policies for sellback there will be huge credit purchased every day

can you give an example of a peek credit item sold in the mall? i never saw one, but from my research people says that it is overpriced, plus recently u cant withdraw peek credits anymore, so all u can do is just shop in the mall. is that true?

not that i wanted to join, but since ur here why not explain a bit more right? maybe other people will be interested.

peek credit is ... a value ..like a mobile prepaid card .... u have the credit .. u know the credit but u cant hold tht like a thing...so thee peek is like that .. used for get more chance to get more discount on mall items, its not 'cannot withdraw ' just it can be withdraw with condition start this 1 july..b4 .. we can set 20% of the dsi(dsi =incentive that comp give UPTO 1.5 x peek crdit that u have) for example .. your dsi today is 20 usd ..so 20% of 20 usd will be transfer to wallet...every tady, but taht is b4 this ...after 1 july u can withdraw all (not 20%) but in selected day with company anooucement on how mny day u can sellback a week

What do you mean by you can withdraw all (not 20%)? Do you mean a maximum of 20%?

no more setting 20% after 1 july .. it mean .. if company announce that week can sellback 2 days .. so reseller can pick any 2 day on that week dsi .. example if the reseller day 1 dsi is 30 and day 2 is 31 so in taht week reseelr can sellback to company 61bvp ,not like b4 if sett 20% (if ur dsi is 30)u onlu can have about 36 bvp aweek (6day)

The items are priced at least 5-10% cheaper based on retail price, however if a mall lets say Tesco decides to give it another 20-30% discount, of course it will look overpriced. If you indeed able to locate a product which is more expensive then the retail price, please by all means report it to management
I have imported in Guici , Prada, Hermes back, all are sold out within 10 minutes.

There is a reason why the GOOD items are gone fast, and left the unwanted items in the mall
Also, if you understand the payout system of the company based on active part, you will also see there is actually alot of people with money wanting to buy, just there is not enough products which make sense for us to buy.

We as senior members are very close to the merchants, whenever they have a new product they are to update, we will be in the mall waiting to grab those items asap. I have bought bicycle, stand fan which I donated to charity, however those abalone and stuff hardly touched as the brand aint famous.

A ponzi scheme can overpay you, BV cant.
Prove ? Look what happen last month ? Why did the DSI drop for those 5 days ?