sunway near mentari also opened~~

must be a very good business prospect ...

there is another new Island Red Cafe near Jaya Jusco Wangsa Maju and it is competing directly beside another similar outlet Papa Rich.

their MLM business model will not last long. once they reach a bottleneck and then all hell will break loose...

image starting around 2007 and by May 2009 they have about 30+ outlets.

that's like opening 2 outlets per month. i doubt they can sustain...

good luck to those who INVEST in IRC

dude, u need to spend minimum rm300 per month in island red cafe after u become the so-call 'shareholder' with rm5k investment.

i dun think this is a good investment to all of us.
with minimum rm5k investment if the company doing good u will get small amount of return only.
and if the company doing really well then the big shareholder will slowly kick u out of the company will all the dirty tricks.
and if the company struggle to survive then u lose ur rm5k totally.

for me this is like u r paying money to help other ppl do business and share their risk. rm 5k want to become boss ........ then almost everyone on earth are boss.

just my 2cents opinion

eCosway is all the while selling products through their store. Never ever have any members go door to door to sell products or do product demo like other MLM company.

They introduce their free shop concept since last year. FREE = cosway will cover the renovation,rental,provides stock, maintenance & repair, POS system, provide training and many more. The return = 10% from monthly total sales. this is what I call low risk biz

Anyone can prove the legitimate or scam of this Island Red Cafe ? I need it as a prove to discuss with my friends.

If their members can sell their coupon to the public, it's a scam that will bound to fail.

my fren ask me b4 to join this scheme, but nvr thought that it will be this cafe,
now it got two branch at malacca. seem good business, but until when

This post has been edited by mayomagic: May 15 2009, 06:00 AM

You have to ask yourself why the business is good.

this kind of things actually is worth joining provided you join early...
usually those who joins early earns lot...and if it's a scam or when it fails, sorry to those join late and din get the chance to earn te returns despite losing the investment.

Anyone can "Prove" of your opinion ?

I think it may be because shareholders have to spend minimum of RM300 every month in the restaurant, based on lIMlIM's post previously. If that is the case, then majority of the customers should be the shareholders itself?

Haha. Don't be deceived by the looks of the packed restaurant. Many of them dined using their vouchers. Those who "attracted" by this "good business", might join and being given vouchers. Naturally the vouchers will be used to further ensure the restaurant always packed with "customers". And the cycle continues.

Their food aren't special, nor their restaurant theme. The only thing that keep it running and in "good condition" by onlookers are the vouchers.

As many had said before, the bubble is growing and IT WILL BURST.

Agree.
People eat there for the money, not the food.

I did not made an opinion.
If one understand cashflow analysis, you will see how IRC get their income. Currently from the public via purchasing food and members making advance payment.
Once their member start selling coupons to the public, the only source of income would be from their members.
This pattern is similiar to ponzi scheme. Put up a deposit and earn every month.

At page 12, post 232.
Members are already selling their coupon.

i had joined the irc.
i think is not bad judging my pass experience with MLM.
the food is not nice to be honest, the drink still okay.
anywhere, i already earn back my my money liao so i didn't care much liao..
and for the license, my friend tell me that irc don't have the any license under their name however irc have bought a company with MLM license.
that all i want to say..anywhere is worth to try it..

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Added on May 15, 2009, 7:30 pmi don't think so, is been 2 year liao irc running business, now more and more outlet gonna open, if it is not profitable, how on earth that irc can open 20 outlet???

This post has been edited by whitegoh: May 15 2009, 07:30 PM

Three words : other people's money. When that runs out, we'll see whether they can survive or not

then when will other people's money will runs out????

Then we will see whether they can survive or not

oh they can survive.. sure why not.. but gov people will hunt them down.. i know this coz my fwen works there.. coz they are not a bank to use people money and do like investment scheme..

Today just meet with IRC members to discuss regrading the scheme. I'm just share about what I'm understand from them and I want to seek for you all opinions. The reason will be my friend is new in society and he is interest to join IRC scheme. As a friend, I want to help my friend to find out whether this scheme is good or bad.

The new scheme is not same like the 6K investment as many forumer mentioned early anymore. The new scheme is a binary MLM concept and they didn't deny it also.

The new scheme is :
You can join in one of the level in many different levels with different capital (or they call the levels as stars), the minimum level is RM360 and the maximum level is RM4K somethings. Of course, high level = high capital = high return.

Pay RM360 to join the minimum level, you will get a RM300 food voucher. The MLM is running as binary, means you only need to find 2 downlines, and the 2 downlines each of them need to find 2 downlines and continually going on.

I'm not familiar with the marketing plan and affraid to give wrong infomation, so I just "steal" the marketing plan from http://azizulgroup.blogspot.com/ after I google it. Hope you all can analysis and understand.

Question now :
1. The legal issue of this new scheme. Not investment anymore, it is a binary MLM already. Which license they need ? And did they already got the license ? (I already found out IRC don't have AJL license http://www.kpdnhep.gov.my/index.php?option...=215&Itemid=216)
2. The logic of the commission (return) ? Can be sustain for long term ?
3. Why they change the old scheme and create a new scheme ?

I hope those who want to contribute the answer, come with some "prove" but not only based on what do you think. If the answer is based on your "think", no point we discuss it.

I'm neutral in this new scheme

This post has been edited by YuNGSeNG: May 17 2009, 01:06 AM