Tuesday, December 9, 2008

Steven Yeam Network

Yesterday I was introduced to the business world by one of my best SAS-mates, Ibrahim. He showed me a new type of multi-level marketing which is called network marketing by introducing me to this Steven Yeam Network or SYN. Basically it's sort of like recruiting new people by opening up an opportunity to another (well that is according to what they say).

So I was set up a meeting with an advisor who is a marquis who basically is generating an income of RM 10k a month. I was introduced to their business plan where I get to learn how the business works, the levels available (there are franchisee, baron, count, marquis, duke and arch duke), the amount of money generated from each level an so forth. I was quite interested with what the business has to offer but still fail to comprehend fully how the business works. Thousands of questions popped in my mind but none of them managed to appear to my mouth.

Before I met the advisor I actually did some research on the internet. It turns out that a lot of people find this program a fraud because of the high ROI and the similarities of it to a pyramid scheme (which is illegal in Malaysia). I took their oppinions noted and came in with a negative mind. But after having the advisor explaining it to me my views of the program gradually changed.He also explained why those people thought it was a fraud simply because it's new and different.

One of the things I immedietly noticed at the SYN office was that there were a lot of youngsters eg. students and fresh graduates. But make no mistake, there are some who are already in their late 40's and are experienced workers. I guess the reasons why this appeals to the younger generation is because they have a chance of becoming their own boss ( or maybe that's what they wanted to think). I cannot help to think that this program is a fraud simple because of this reason, because younger generations are still fresh to the world and easier to con.

I find it hard to sleep last night because of the thoughts in my head keep preventing me from getting some rest. I have to make a decision wether to join this or not but I can't help of thinking it will destroy my future if I did. So now I'm doing a more thorough research so that when I join it, I will have more confidence for it.

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