Alessandro, read this:
If you have 20,000members (just using local statistics)
taking 1200 a month - that means $24million a month is being paid
out to you guys form the company.
Do you really believe that your emall platform can have sales of
$24million X 10 = $240million a month? (Since its 10% of total
global turnover)
Your turn over is quite close to the turnover at the neighbourhood
NTUC, SHop and SAve is doing in half a month you know. Do you
personally go up there and spend actively everyday? or you truly
believe pple from SE go on line like crazy to buy lingerie,psp
etc.. everyday?
Even if all your 20,000 singaporean members go buy a PSP each at
$500, it only equals to 10million in turn over.
Which idiot will go emall to buy tons of Amway or another MLM
products? You as well go join Amway instead of SE since you already
have staff discount if you are from Amway. How much discount can
you REALLY REALLY Save? 50%?
IF really so that all your 20,000 members go up and buy Amyway
shampoo, detergents,vitamins bla bla bla, per member need to spend
$10,000 every month in buying all this nonsense which you can buy
MUCH MUCH cheaper at your nearest NTUC, watson, guardian to clock
in $200million turn over. You think that makes sense?
SE members that i know, first thing they do when they get back
capital is buy car. Not go emall buy things. Is there any cars that
you sell online also?
Your emall only accessible to 20,000 members. You want to have a
sales turn over of $240million every month, each person would need
to spend $12,000 a month on shopping lo.. do you do that?
================================
Merchants have MORE SAY than SE in posting their products onto the
EMALL. Without the merchants, EMALL is NOTHING. Therefore SE should
be giving incentive for pple to come and sell things here than
asking someone to pay a high premium price to set their stalls on
the emall.
Do you know why u find other MLM products there? cos they are not
popular to the mass audience and are only meant for MLM lovers!
therefore it can only be sold via more non-popular media like your
EMaLL which obviously reached out to MLM lovers like YOU!. Today if
i want to sell something, why dont i place it at NTUC, watson,
Giant, Harvey Norman etc.. why put in some pitiful emall with only
20,000 members when i have another 3.8million population out there
that will buy from the bigger stalls? Therefore only the 'cannot
make it' merchants will list their products there and pay SE a
premium to help them sell.
think about it in the business angle. You will see.
===============================
SO do you still really believe that the merchants pay a high
premium to sell things on your Emall like what JP and ya directors
claim? How much premium you want to pay for an online store? 100k
rental a month? thats the same price as a big store in takashimaya.
If you are the merchant, which one makes more sense to you?
Without merchants, Emall is nothing. so who depends on who? Without
the emall from SE, the merchants have thousands of other
alternatives out there. you think about it.
===============================
Now to give you guys some figures to digest about the property
business that makes you guys believe that SE is for real:
The 1000 lots apartments SE sold in malaysia were priced at 70kRM -
250kRM each (35kSGD - 125kSGD)..
Assume average out at 80kSGD each - 1000units X 80k = $80milionSGD
- ASSUME that JP got a super good deal and built the whole entire
apartment FOR FREE. AND 80million is all in as PURE PROFIT with
ZERO Construction cost. AND i am also assuming that SE in Toa Payoh
or Malaysia has workers and Big Cranes hiding behind the counters
to build the apartments as such that they NO NEED TO SHARE PROFIT
with another construction firm.
SE claims to have 50,000 or more members worldwide - so assuming
that take out all the money and split, 80million divided over 50k
pple, each member will get $1,600, thats only enough for 1.4 months
of payment if you do your maths. Even if you work with 20k members,
its only enough to pay up to 4 months. And SE doesnt go round
building apartments and selling them off every month. And I am
still assuming that the 80million is ALL PURE PROFIT with ZERO cost
for constructing the apartment.
The rest of the property projects like the villa in malacca, water
resort projects etc.. are all in the bidding stages OR in the very
beginning of land selection (according to media report). Another
words ZERO income.
So what kinda of business model are we talking about here?
Is there anything else that SE does or Emcom have that we do not
know?
That's what CAD will find out for us.
Spotted at OhGenki
