06-03-2019, 07:25 PM
(02-03-2019, 11:53 PM)chialc88 Wrote: [ -> ]As for the Franchise website,not sure it will be meaningful.
I had been monitoring the DS website as part of my google home page.
Completely waste of time.
Don't give up on your 宝贝 ..... 一生所爱. Mine too, but I am still vested albeit lesser now. But DODD.
I also monitor the DS website from time to time and was also caught off guard by the new website(http://txjy.syggs.mofcom.gov.cn/manager/...id=6652565). Sigh, that's why investing is so hard, literally like spending most of the free time to adapt, learn and research.
Interestingly, I used the same website to search for Amway, Nuskin(China) but couldn't get any results. I am not sure how the chinese search algo is coded, e.g. can use partial char search, use * , etc, Of course, there are many other DS sellers which I didn't have time to search one by one.
But assuming the case that BW is the first foreign entity(excl. China/HK) to use this franchisee bizness model for DS, I wld infer BW mgmt made an effort to continously optimize their China model - they cld have just followed the "proven" China DS models from the MNCs which entered China before them. Of course, this is not saying the franchise model is without risk but imo, lesser risk than having many independent DS sellers. Like what chialc mentioned, if any of the franchisees do funny stuff, BW's reputation ultimately wld also be affected and BW probaby investigated by authorities. However, I think BW is prudent enough to have a yearly renewal agreement with its franchisees as a "check-and-balance".
I think to effectively reduce China risk, BW needs to build up its revenue in other countries, but how many countries in our world offer such a growing middle class growing population receptive to DS/ social selling ?
Other news - BW is ranked no.61 on top 100 direct sellers 2018 (dd 02.05.2018) https://www.directsellingnews.com/dsn-an...lobal-100/ . (Just for reference, the revenue reported by BW recently for FY2018 is SGD$266M). I don't think BW made it to the top 100 list in previous years despite qualifying in terms of the revenue.