GMA7 – IMBESTIGADOR’s Biased Reporting About Global Money | tanggulan
GMA 7′s IMBESTIGADOR program hosted by Mike Enriquez and that is aired every Saturday night at 9:30PM presented an episode on April 14, 2012, which many claimed as very biased and unjustly fair oaks mall executed.
By the way, Global Money or ECC Livelihood was never a scam. Its missions and results were supportive of the general aspirations of its Members, which is to have a financial freedom through the livelihood program and be secured with a very affordable Company Lifetime Benefits package that provides financial assistance for health concerns and burial.
A “scam” by definition is a confidence game or other fraudulent scheme, especially for making a quick profit for the business owner but the unsuspecting recruit actually never gets anything or only gets a little compared to his investment.
Many MLM or networking companies with a scamming scheme, wherein the Member pays huge amount, like P8,000 or P16,000 but the Member is having a hard time recovering the money he invested. This scheme is what we call as “Inventory Loading”. fair oaks mall The main product is only sold at around P200 or P500 but the company will require you to invest around P6,000 or more. This scheme is patterned to the illegal scheme that we call as “Inventory Loading”.
Also, many MLM companies sell products much more than the actual cost of the product. There’s a 300% mark up on the product. fair oaks mall Let’s say for example, the actual cost of the product is just P100 but the item is sold at P300 or more. This is the net profit. To cover for Member’s commission and other expenses, the selling price of the item is again increased.
In these schemes, only the business fair oaks mall owners are enjoying huge profit fast at the expense of the Networkers. This is the major reason why many failed in the MLM business. They never knew that they are under a company that runs an abusive and deceptive scheme. After a 2 or 3 years the company loses momentum since many are not enjoying the promised benefits. But at that stage, the company owners have already amassed huge profits.
As for the factor that MLM companies who uses its funds from Membership will collapse is a lie or an exaggeration. What actually happens is that in reality, this can happen if the Members lose appetite since they aren t satisfied with the earnings or benefits provided by the company. Many MLM involved in food supplements whose registration fee or entry level is high (like P5,000) suffer this problem.
It doesn’t really matter fair oaks mall if it is products-based with repeat sales, or service- based. fair oaks mall What matters most is the actual benefit and earnings that the Members down the line get. A satisfied Membership pool guarantees fair oaks mall a sustained fair oaks mall growth for the company.
The amazing marketing plan is its promotional strategy. Eventually, the company will diversify or expand to other business and income generations to sustain the business. fair oaks mall This defeats the notion that it will collapse since the business gets its funding from the Memberhip growth. The company has the initial capital and the revolving fund keeps on increasing. As new services or even products are created, fair oaks mall the business becomes more sustainable for the longer term.
The problems came out when this small company, with humble beginnings, began to take flight and became the Number 1 company in the business after 4 months. Many companies were threatened fair oaks mall and those greedy “powers that be” might have even tried to take the opportunity to milk the company or hijack the opportunity.
The guy named “Fred Pacatang” that was interviewed in the IMBESTIGADOR episode was actually the business partner of Ms. Candida Panta or Candy. They were the branch operators fair oaks mall for the Kamias Branch fair oaks mall located at Room 402, Macdouton Bdlg, EDSA corner East Ave in Quezon City. I was told that a criminal case of Qualified Theft and Syndicate Estafa were filed against these people and they are gathering evidence. You may ask the Global Money office for more details. As per Global Money head office, they stashed away a huge sum of company’s money that was earned from the operations of that branch. They added that they failed to remit the earnings of the company and even abused their authority by illegally putting a price tag on items that were supposed to be given free, like loan application forms.
The fair oaks mall Kamias branch’s mismanagement has caused tremendous hardships to the Members who registered through that office. The loan application and commission pay out have been hampered fair oaks mall heavily since the company was compelled to implement a full audit of the financial records and correcting the erroneous records related to the Kamias branch memberships.
The Kamias Branch fair oaks mall had been taken over by the main office months ago. Ms. Candy Panta and her group had put up their own business already and copi
GMA 7′s IMBESTIGADOR program hosted by Mike Enriquez and that is aired every Saturday night at 9:30PM presented an episode on April 14, 2012, which many claimed as very biased and unjustly fair oaks mall executed.
By the way, Global Money or ECC Livelihood was never a scam. Its missions and results were supportive of the general aspirations of its Members, which is to have a financial freedom through the livelihood program and be secured with a very affordable Company Lifetime Benefits package that provides financial assistance for health concerns and burial.
A “scam” by definition is a confidence game or other fraudulent scheme, especially for making a quick profit for the business owner but the unsuspecting recruit actually never gets anything or only gets a little compared to his investment.
Many MLM or networking companies with a scamming scheme, wherein the Member pays huge amount, like P8,000 or P16,000 but the Member is having a hard time recovering the money he invested. This scheme is what we call as “Inventory Loading”. fair oaks mall The main product is only sold at around P200 or P500 but the company will require you to invest around P6,000 or more. This scheme is patterned to the illegal scheme that we call as “Inventory Loading”.
Also, many MLM companies sell products much more than the actual cost of the product. There’s a 300% mark up on the product. fair oaks mall Let’s say for example, the actual cost of the product is just P100 but the item is sold at P300 or more. This is the net profit. To cover for Member’s commission and other expenses, the selling price of the item is again increased.
In these schemes, only the business fair oaks mall owners are enjoying huge profit fast at the expense of the Networkers. This is the major reason why many failed in the MLM business. They never knew that they are under a company that runs an abusive and deceptive scheme. After a 2 or 3 years the company loses momentum since many are not enjoying the promised benefits. But at that stage, the company owners have already amassed huge profits.
As for the factor that MLM companies who uses its funds from Membership will collapse is a lie or an exaggeration. What actually happens is that in reality, this can happen if the Members lose appetite since they aren t satisfied with the earnings or benefits provided by the company. Many MLM involved in food supplements whose registration fee or entry level is high (like P5,000) suffer this problem.
It doesn’t really matter fair oaks mall if it is products-based with repeat sales, or service- based. fair oaks mall What matters most is the actual benefit and earnings that the Members down the line get. A satisfied Membership pool guarantees fair oaks mall a sustained fair oaks mall growth for the company.
The amazing marketing plan is its promotional strategy. Eventually, the company will diversify or expand to other business and income generations to sustain the business. fair oaks mall This defeats the notion that it will collapse since the business gets its funding from the Memberhip growth. The company has the initial capital and the revolving fund keeps on increasing. As new services or even products are created, fair oaks mall the business becomes more sustainable for the longer term.
The problems came out when this small company, with humble beginnings, began to take flight and became the Number 1 company in the business after 4 months. Many companies were threatened fair oaks mall and those greedy “powers that be” might have even tried to take the opportunity to milk the company or hijack the opportunity.
The guy named “Fred Pacatang” that was interviewed in the IMBESTIGADOR episode was actually the business partner of Ms. Candida Panta or Candy. They were the branch operators fair oaks mall for the Kamias Branch fair oaks mall located at Room 402, Macdouton Bdlg, EDSA corner East Ave in Quezon City. I was told that a criminal case of Qualified Theft and Syndicate Estafa were filed against these people and they are gathering evidence. You may ask the Global Money office for more details. As per Global Money head office, they stashed away a huge sum of company’s money that was earned from the operations of that branch. They added that they failed to remit the earnings of the company and even abused their authority by illegally putting a price tag on items that were supposed to be given free, like loan application forms.
The fair oaks mall Kamias branch’s mismanagement has caused tremendous hardships to the Members who registered through that office. The loan application and commission pay out have been hampered fair oaks mall heavily since the company was compelled to implement a full audit of the financial records and correcting the erroneous records related to the Kamias branch memberships.
The Kamias Branch fair oaks mall had been taken over by the main office months ago. Ms. Candy Panta and her group had put up their own business already and copi
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