eCosway a Scam?
An email came through my inbox notifying of new mlm companies and one of those was eCosway. A quick look showed this company had actually been around for a while having launched in 2002. The company is based in Malaysia where it’s most well known, but is an international company with the parent company, Cosway, having been around since 1979. The parent company has it’s US headquarters located in Irvine, California. The company operates in a number of countries including Malaysia, US, Canada, Australia and the UK
Seeing as the company had been around for a while and I hadn’t heard of it I decided to take a closer look to what people were saying about it, and there was some interesting comments to be found online.
One of the unique aspects of the company is they will provide you with a free retail store once you reach a certain level. The rent, electricity, basically everything is covered by the store. This is a very interesting incentive for people, and for some may be the only way they could achieve a dream of running their own shop. The flip side way to look at it is ecosway gets to have free staff to run their stores.
You would want to double check the numbers to make sure it’s a worthwhile endeavorer to build the business to the point where you can have a free store, as running a store would no doubt require a significant commitment of your time. Labor is always a big cost in retail, so if you did plan on hiring someone to run the store then would you want to make sure there are enough margins to pay a staff member.
I couldn’t find anything standout in the product range, in today’s marketplace many of the successful new companies have a USP, or Unique Selling Point, for their product, and in many cases and a primary lead product which has the advantage of focusing people’s effort and attention in the same direction, and being able to create simple, duplicable systems around it.
Reading through other peoples comments I see the common statements how only a few really succeed, but the reality is that is true for anything in life. How many of you achieved your childhood dreams? Eric Wore, a well known trainer in the industry, answered the question of what do average people make in MLM. His answer? Nothing. The average person makes nothing in their business because they have average ambition and average drive to achieve their goals.
Success in eCosway isn’t going to come easily, it would require a lot of work. One red flag was mentioned about the business opportunity was that they don’t allow marketing it online. In todays internet connected age having those restrictions is going to slow the potential growth of your business. Having said that the most successful mlm/home business online marketers don’t promote their business directly online. Their success is founded on list building by providing upfront value, cultivating the relationships with the people on their list, and then communicating the details of passion and why behind choosing their primary business, and how they will be able to help you achieve the same success.
At the end of the day there a number of key factors to look for in choosing a company, and two distinct key factors that will determine your success. To find out what they are fill in the form on the right with the question of what are the key factors. This is the information you absolutely need to know if you will achieve your goals. Do it now!
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