More Income For Malaysians

Archive for March 2009

A reader landed on one of my blogs by googling for “is MLM haram?”

 

Personally I did not address this issue when I signed up as a distributor. My logic was that:-

 

         Score A was a product that I was using for my 3 school going children,

 

         I am very happy with the benefits my family and I are getting from Score A,

 

         I do not get any money from recruiting distributors alone. I have to sell the product,

 

         Score A is an educational product and has no elements of anything haram associated with it.

 

Still, this is an important issue, so I did my own research. The only serious article I found on this topic was by Ustaz Zaharuddin. Ustaz is a lecturer in the International Islamic University, Malaysia and has quite impressive commercial, academic and literary credentials.

 

In this article, Ustaz did a critical analysis of MLM and presented his views on the issues that make a MLM business non Syariah compliant. This article was obviously hotly debated in the Malaysian blogosphere and attracted a total of 181 comments.

 

Ustaz Zaharuddin listed 9 attributes that, in his view, would meet the minimum requirements of Syariah. One point seems to be repetitive, so I am listing the rest of the 8 here.

1. The product must be bought with the real purpose of using the product, not just as a ruse to meet the Syariah rules.

2. The product must not be gold or silver.

3. There must be a clear and easily understood commission structure.

4.  The commissions must be based on the value of products sold, not on number of recruits alone.

5. There must be no sales targets before commissions are earned.

6. Each upline must put effort on promoting the sales activities of his downline. This is so that there is no income without “effort”.

7. Pyramid schemes are clearly haram.

8. Structuring the marketing plan in joint discussions between upline and downlines.

 

Score A meets the requirements, except that there may be some doubts cast on items ( 6 ) and ( 8 ).

 

Item 6 –  There should be no income without effort

 

The promise of earning passive income (income with one time effort only) is one of the biggest advantages of MLM. If our downline grows as we want it to, there might come a time when we might not know the people at the “front line”, so to speak.

 

My view is that this “front line” were brought into the network by people we know. It was our work in approaching, sponsoring and coaching our downline that resulted in the subsequent downlines. To say that the work of the ultimate downlines have nothing to do with us may not be correct.

 

Compare this aspect of MLM with other types of passive income. Say,with the work of an author. He or she writes the book once, gets it published and gets royalty from the sales to people not remotely connected.

 

In fact, I take the stand that the principal reason by so many people fail in their MLM is because they take no effort!

 

Item ( 8 ) – The Compensation Plan to be arrived at by discussions with our downline

 

We all know this is not possible. In so many transaction, (even Islamic banking loan agreements) it is often a “take it or leave it” transaction. The opportunity to buy the product and to sign up as a distributor comes with certain terms. It is upon us to explain the details to our prospects before we sign them up.

 

Of course, some may just gloss over the details and sign up someone. Later the downline realises that what he /she signed up for was not what he thought. This happens in so many areas of life. Buying a car, buying a book, appointing a contractor, signing a contract etc.

 

Our conscience should guide us in this issue. Can we sincerely look at a mirror and say that we put all the facts of the case, so that the buyer could make an informed judgement? If we did, then the transaction is done in a spirit of musyarakah.

 

Conclusion

 

I am not an expert in Islamic commerce. However writing this article reminded me of a Sunnah I have read. I cannot remember the details, but the principles are as listed below.

 

Our Prophet (pbuh), has this conversation with someone who was being sent off to govern a far off place.

 

“How will you make your decisions?”

 

“I’ll use the Holy Quran as my source of guidance”.

 

“And if it is not in the Holy Quran?”

 

“Then I’ll use the Sunnah as my source of guidance”

 

“And if it is not in the Sunnah?”

 

“Then I’ll use my conscience and make my decision with the thought of Allah SWT.”

 

This was an answer that pleased our Prophet (pbuh).

 

This is exactly how I feel now. I am feeling confident that Score A meets the requirements of Syariah and the rezeki that I seek and get from this business is halal upon me, Insya’Allah.

 

In the meantime, I welcome those of you who are interested, to join me in this business. It’s an exciting business opportunity for Malaysians. It’s a great way to earn part time income, until it overtakes your full time income. Then you can build it into a passive income source.

 

It’s SCORE A, an online educational portal that now allows everyone to score in their exams!!!

 

Read about some of the characteristics of the product here.

 

Email me at more.income28@gmail.com with your name, town, hp number and the best time for me to call you.

 

Thank you for reading this post.

 

Best regards

 

 

Anwar

 

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All of us must have heard about the term “Seeing is believing.” This school of thought says that till we see something with our own eyes, then we should not believe it.

Well, how many of us have seen a dead rhino, or an elephant giving birth, or an eagle laying an egg? Yet, we all agree that these things are true.

What about the case of a spectacular show that a friend recommends us to see? Should we see it first to believe? Or do we trust our friend and see the show based on his recommendation. The more cynical amongst is insist that “seeing is believing”, though they too, will believe that eagles lay eggs, and rhinos die.

In business, many decisions are made on the basis of forecasts and projections. Banks insist that we should provide our projections and business plans. Things which are based on the future and currently unseen. Though our present status plays a huge part in lending credibility to our projections, they are still projections.

Recently I read a statement by Encik Idris Jala, the MD of Malaysian Airlines. He quoted a saying from one of his favourite books,

“When we truly want something, the universe conspires to help us achieve it”.

This statement perhaps, sums up the essence of “believing to see”. When we truly want something and truly believe that we can get it, then we “get help” from sources that we cannot see. And we end up getting what we want.

This is also the theory behind the art of mediation and passing messages to our brains when we are in an alpha state.

 Change ourselves by changing the way we think!

Change ourselves by changing what we believe!

In the Direct Marketing industry, the statement “believe to see” is often repeated. It is a manner of motivating the recruits that they should visualise the successful growth of their respective businesses.

I have a very healthy respect for the “believe to see” approach. I strongly believe that the undertaking that I have embarked upon has all the ingredients of a wildly successful business.

I have to believe! And I have to work hard! Insya’Allah, success should be mine!

In the meantime, to those of you who are interested, I do have an opportunity that may make a lot of business sense to you. It does to me. It’s an exciting business opportunity for Malaysians. It’s a great way to earn part time income, until it overtakes your full time income. Then you can build it into a passive income source.

It’s SCORE A, an online educational portal that now allows everyone to score in their exams!!! Read about some of the characteristics of the product here.

Email me at more.income28@gmail.com with your name, town, hp number and the best time for me to call you.

Thank you for reading this post.

Best regards

Anwar

Other than making money!

 

Robert Kiyosaki is well known as the force behind the Rich Dad, Poor Dad series of financial education books. His first book, Rich Dad, Poor Dad made a huge impression on me and I credit that book as the single most powerful force behind my financial transformation.

 

An audio CD was distributed free with one of his books. I can’t remember exactly which book it was. The CD titled “The Eight Hidden Values of a Network Marketing Business, other than Making Money”, makes for real interesting listening.

 

It’s of about 45 minutes running time, and I list below the more powerful messages I got from listening to the CD.

 

a) The first and foremost hidden value is the obtaining of a life changing business education.

 

An education that will help us develop ourselves. To change the way we think. To help us make our transition from the “E” Quadrant to the “S” and eventually the “I” Quadrant.

 

Many of us have been brought up to think in the traditional way of “Study hard, get good grades, get a good job, save money and buy a house”. This system might have worked great for our fathers and grandfathers. But times have changed. No job now offers security. We can be retrenched at anytime. How do we protect ourselves and our families should our source of income be suddenly be cut off?

 

In Network Marketing, we are taught the basics of running a business. And this is usually at a tiny fraction of the cost of undergoing the equivalent education formally. Through this we get an avenue to build wealth for ourselves and our families.

 

b) Rich people look for and build Networks, others look for jobs.

 

This is a another powerful statement. He also made reference to Metcalfe’s Law which can be argued as the economic power of a network being the square of the number of points in the network. Hence if we have a downline of 10 people, our economic power is 100.

 

This statement makes a lot of sense. In almost every self development book or blog, there should be the mandatory “build your network” advice. The Network Marketing Business is exactly that. Our customers and downline become our network. The better and more dedicated we are in building our network, the stronger our economic power becomes.

 

c) Emotional Support from Like Minded Individuals

 

Unlike the traditional job, where office politics and the like create winners and losers, Network Marketing creates winners all around. The more you succeed will be the better it would be for me, so it is in my interest to do my best to promote you and your business. This formula is repeated throughout the business.

 

Through mixing with our leaders, our self development gets more pronounced. We better ourselves and begin to blossom in our business.

 

I got into Network Marketing before listening to this CD. My reasons were:-

 

a)    This opportunity was based on a fantastic product. A product that I used and completely believed in. A product that was part of a RM4 billion a year industry.

 

b)    The power of leveraging, where 1% of the work of a 100 people will eventually surpass 100% of the work of one person.

 

c)     Network Marketing is in line with one of the unstoppable Mega Trends of the world.

 

d)    Flexible hours and the success being dependent on my commitment and hard work.

 

e)    No boss deciding on my schedules. I am the sole boss and driver of my business.

 

These were the 5 primary reasons. Since starting the business, I have gotten more and more convinced that I have done the right thing. With newer technologies like the Internet being available to be used to explosively grow my network, the only regret would be that I did not start this earlier.

 

In the meantime, to those of you who are interested, I do have an opportunity that may make a lot of business sense to you. It does to me. It’s an exciting business opportunity for Malaysians. It’s a great way to earn part time income, until it overtakes your full time income. Then you can build it into a passive income source.

 

It’s SCORE A, an online educational portal that now allows everyone to score in their exams!!!

 

Read about some of the characteristics of the product here.

 

Email me at more.income28@gmail.com with your name, town, hp number and the best time for me to call you.

 

Thank you for reading this post.

 

Best regards

 

 

Anwar

My introduction to Output Learning started when I signed up for the Score A Program for my 3 school going children.

 

I have long known that the Malaysian school system left a lot to be desired in imparting knowledge to the kids. We tried tuition but that did not seem to be of much help. Further my wife or I did not have the skills or the time to home school my kids.

 

I remembered the study group we had formed when I was doing my MICPA exams. It helped a lot. Basically a group of us got together and attempted to answer the past year questions. Collectively we had the knowledge to be able to answer all the questions.

 

When I found out about Score A it seemed perfect!

 

Input Learning is primarily what my children get in school. The teachers teach and the text books are read. Both of which are input. However not all children are wired the same way. Whilst some may absorb this method of learning, others falter.

 

Output Learning is where the children learn by practice. Through constant practice they get to understand what they have learned.

 

The key facts that got me hooked on Score A are these:-

 

a)    The children learn online. There has been enough written about the lack of reading. However the kids seem more receptive to online stuff. They know how to use the “Help” function to get over problems.

 

b)    There are thousands and thousands of questions. Hence my children will be exposed to all kinds of questions the examiners can think of. This is unlike “spotting”, where a great element of luck is involved.

 

c)     There are online resources to refer to. For any one topic, say Fractions in Mathematics, my son can click on ENotes and be able to read specially prepared notes on this Topic.

 

d)    The questions are instantly marked and the results known. This helps my children as they immediately know where they stand and there is a inner motivation to do better. As their parent, my wife and I also have access to their results, so we can track their progress.

 

e)    Past Year Questions. I remember the trouble we had to go through trying to track down the past year questions for my elder girls to practice on. Score A solves this by providing online the past year questions for PMR and UPSR from 1993 to now.

 

f)      Time Management. This is something the children may be lacking in. Being able to answer the questions is one thing. Doing so within the time allowed is another. Score A has a timer that allows the children to know where they stand and they are timed out if they exceed the time allotted.

 

 

I have been told by some people that Output Learning may not help in full comprehension and understanding. I feel that constant practice should help in this endeavour.

 

Of course, no system can work without the parents monitoring closely. With my children, I have a time table in place. Yes, there is a little of the yelling and such, but the work is getting done.

 

My children have not progressed to answering the past year questions yet. My son, who will be sitting for his PMR this October, should be on this by June 09, Insya’Allah.

 

So far the results are being noticed at the school tests level. He had some “C’s” in his school exams last year end. Last week, he had a string of B+’s. This is good enough progress for me.

 

Now you can see why I am a passionate promoter for the Score A Program.

 

Please contact me at more.income28@gmail.com to learn more.

Many of us who join a MLM business find it hard going despite what we thought would be a seemingly easy way to make money as explained in the presentations that we attend.

 

Let us look at some of the issues that help to explain this.

 

a) Employee mindset

Many of us are employees of some organization when we sign up for this “wonderful part time work leading to full time income” opportunity.

 

As an employee, we are so used to getting or weekly or monthly salaries whether our employer made money that month or not. We don’t really appreciate the problems our employer has to bear and overcome so that we are paid.

 

As an employee, we do certain parts of our employer’s business, maybe it is in accounts, maybe marketing, maybe distribution or maybe production. Unless we are at the very senior levels we are responsible only for a certain part of the business.

 

Our MLM business on the other hand is a business. Hence we have to understand fully, take on and be responsible for the various parts of the chain of the business.

 

Our mindset will have to change from that of an employee to that of a business owner. Notice that I said owner, which is even more than a business manager.

 

b) Understanding the Product

 

For any business to survive there has to be a good business or service that people need. For us this would be the product that we market in our MLM business. Presumably we have thought well and deeply before we signed up as a “business owner”.

 

As the owner of the business, we should know and understand the product or service that we are selling. We should know it well as the back of our hand.

 

c) The Revenue Model

 

By this I mean, how does our business make money? In our case it should be the compensation plan. We should understand it well enough to explain it in detail to any of our prospects. After all this is the way our business is to survive.

 

d) Marketing

 

This is usually the killer. There are a number of options, but not all options may work for all people. First we have to appreciate that MLM is essentially a relationship business. I don’t agree with the idea of approaching anyone you know and when you are finished with that list, start approaching anyone within 3 feet of you.

 

People are not the same. The business opportunity that we find so exciting might not be for our uncle or our nephew or our classmate.

 

As a business with a relationship marketing model, we have to be able to know people. Study the people and tailor our approach so that it is attractive and acceptable to our prospect.

 

(We shall talk a lot more about this in succeeding weeks.)

 

 e) Your upline

 

This is another important factor. Your upline should not be a “hit and run” character. If you feel that you have been “over sold “ and feel upset, the chances are that you in turn will not be able to create a sustainable downline.

 

You should evaluate your upline well. As mentioned, this is a relationship business. How well do you communicate with your upline? How comfortable do you feel with your upline? How much do you trust your upline?

 

If you can come up with a list of qualities that you want your upline to have, then you should work on having the very same qualities.

 

e) The other parts of the business

 

One of the great advantages of a MLM business is that the nitty gritty of the other parts of the business like production, inventory control and management are all taken up by the company. Hence reducing our burden and allowing us to focus on the above (a) – (d).

 

f) Conclusion

 

MLM business is just that…..a business. And there are no easy businesses. They call for knowledge, hard work, determination, planning and targeted marketing. For those who are willing and ready to take on these responsibilities, there is a huge pot of gold at the end of the rainbow.

 

In the meantime, to those of you who are interested, I do have an   opportunity that may make a lot of business sense to you. It does to me. It’s a business opportunity for all Malaysians. It’s a way to earn passive income for Malaysians or a way to earn part time income for Malaysians.

 

It’s SCORE A, an online educational portal that now allows everyone to score!!!

 

Read about some of the characteristics of the product here.

 

Email me at more.income28@gmail.com with your name, town, hp number and the best time for me to call you.

 

Thank you for reading this post.

 

Best regards

 

Anwar

This was the title of Kim Klaver’s survey that she did in January 09.

A total of 13 questions were asked in the survey, and the results (you can see them yourself here), are quite startling. I have not been able to find a corresponding survey in Malaysia, though.

 

The ones that interested me were:

 

a)    What’s keeping you with the company more? Product (61.0%), The money (22.8%)

 

b)    Are the products alone worth being part of the business? Yes (82.1%), No (14.3%)

 

c)     What’s easier in this economic environment: To sell product or to recruit business builders? Selling Product (23.7%), Recruiting (20.9%), Both are hard (43.0%)

 

So it seems (though the sample size was 250), that most people get into MLM because of the product. Later they find out or feel that it is tough to sell the product or to recruit. This is something that we shall talk about more in coming posts.

 

It also makes absolute sense, since if there is a lousy product to market, how on earth can we make a business opportunity out of that product.

 

I entered into this SCORE A opportunity because I think this is a fantastic product. A product that my family has been using since September 08 and on a grand scale since November 08.

 

I am convinced that there are a lot more people like me out there who would feel the same way about the product if I could get through the thick defence shield they put up once they hear the word MLM!

 

In the meantime, to those of you who are interested, I do have an opportunity that may make a lot of business sense to you. It does to me. It’s a business opportunity for all Malaysians. It’s a way to earn passive income for Malaysians or a way to earn part time income for Malaysians.

 

It’s SCORE A, an online educational portal that now allows everyone to score!!!

 

Read about some of the characteristics of the product here.

 

Email me at more.income28@gmail.com with your name, town, hp number and the best time for me to call you.

 

Thank you for reading this post.

 

Best regards

 

Anwar

 

 

An Elevator Pitch has been defined as a concise, carefully planned, and well-practiced description about our business that anyone should be able to understand if we only had about a minute or so to deliver this pitch.

BusinessKnowHow.com lists six questions that our Elevator Pitch should answer:

  1. What is our product or service?
  2. Who is our market? 
  3. What is our revenue model? 
  4. Who is behind the company? 
  5. Who is our competition? 
  6. What is our competitive advantage?

The Dumb Little Man, an immensely popular “Tips for Life” blog also lists his ideas on how to craft a killer elevator pitch that will land you big business.

 

In Network Marketing and in any sales position, where we very often get unexpected and very short opportunities to explain our business, we should have a crafted Elevator Pitch ready and handy at all times. It would not do for us to open our note books and read out a prepared text. Rather the EP should be memorized and we should be able to articulate it smoothly and with passion.

 

And if the rules for preparing and delivering an Elevator Pitch had been   followed, we should be able to convince our prospect to carve out some time for us.

 

So go ahead and prepare your Elevator Pitch. And if you are interested in hearing mine, send me an email titled “Elevator Pitch” to more.income28@gmail.com.

 

In the meantime, to those of you who are interested, I do have an opportunity that may make a lot of business sense to you. It does to me. It’s a business opportunity for all Malaysians. It’s a way to earn passive income for Malaysians or a way to earn part time income for Malaysians.

 

It’s SCORE A, an online educational portal that now allows everyone to score!!!

 

Read about some of the characteristics of the product here.

 

Email me at more.income28@gmail.com with your name, town, hp number and the best time for me to call you.

 

Thank you for reading this post.

 

Best regards

 

Anwar


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