Visiber operates within the numerology MLM area of interest and relies out of Malaysia.
The corporate is headed up by co-founder “David” Choong Jeng Hew.
Jeng goes by his first two names and types himself as a “Dato David” on Fb.
Jeng (proper) based Visiber with Patrick Tan Boon Jin in 2005. The pair labored collectively till Jin left the corporate in 2013.
In keeping with a supply we’ve been involved with;
Tan left the corporate in 2013 due to some inner disputes. Apparently he was double crossed by David Hew and the opposite administrators – Eng Chip Jin, Billy Lai, Gerald Lee and Kwan Hep Chuen by way of firm shares and revenue.
After he left, they created a narrative that Patrick was the one who double crossed the corporate and worshipped demons.
Probably resulting from language-barriers, I used to be unable to personally confirm the above or put collectively an MLM historical past on Hew.
For causes that aren’t instantly clear, Visiber is registered with the SEC below “Visiber57”.
Visiber57 is registered as a shell firm in Delaware by a Hong Kong tackle.
The Hong Kong shell firm seems to be known as 57 Society, and was bought from a 3rd occasion in 2016.
On the Visiber web site, the corporate lists its precise company tackle in Selangor, Malaysia.
In keeping with Visiber’s final quarterly report ending February 2019, the corporate recorded a $14,113 internet loss.
Be aware that Visiber’s quarterly report is unaudited. Given the corporate has no bodily enterprise operations within the US, the accuracy of Visiber’s reporting is thus known as into query.
One further phrase of warning; I’ve but to see a reliable MLM firm out of Malaysia operated by a Dato.
With no disrespect in the direction of Malaysian tradition supposed, over time MLM corporations run by Datos have turn into synonymous with fraud.
Learn on for a full assessment of the Visiber MLM alternative.
Visiber Merchandise
Visiber markets a variety of merchandise tied to their “numbers methodology”.
In September 2003, after steady researches and efforts performed by Dato’ David, he has efficiently created the Ⓥ Numbers Methodology.
Only a be aware, my supply claims Patrick Tan created the methodology and that David Hew was his “scholar”.
Once more, language-barriers means I’ve been unable to personally confirm this declare.
The V Numbers Methodology consists of an inverted triangle and makes use of a easy calculation.
This straightforward calculation provides up an individual’s date of beginning right into a single digit that represents his or her character quantity.
Primarily based on the V Numbers Methodology, we will perceive our previous, current and future a lot better.
The inverted triangle is alleged to a logo that represents a feminine whereas the 7 numbers contained in the triangle represents a feminine’s 7 months of being pregnant.
The V Numbers Methodology is VISIBER’s key instrument for the V Numbers Schooling System.
Via this straightforward calculation, it helps enhances the mixing of VISIBER’s knowledge and numbers to the courses performed.
In case that went over your head, DOB + triangles = your Visiber character quantity.
So far as I can inform, Visiber sells “collections” primarily based on these character numbers.
Collections featured on Visiber’s web site embrace jewellery (rings and earrings), atmosphere (framed wall hangings) and “private branding” (certificates?).
To present you an thought of how the personalization works, right here’s Visiber’s description of their “Trinity Diamond Ring”.
Trinity Diamond Ring signifies perfection, completeness and dedication.
Dozens of diamonds lend the ring a putting brilliance and increase the class of the wearer.
The ring is customised based on the date of beginning of the wearer to make sure she or he advantages from the ability of numbers.
A tailor-made mixture of numbers is chosen, and matched to a color representing one of many 5 components (metallic, wooden, water, fireplace, earth).
Particular crafting approach is then used to lock everlasting vitality into the ring to permit the common frequency to enter the guts and soul of the wearer with the intention to lend peace to the wearer.
No pricing for any of Visibers merchandise are supplied.
The Visiber Compensation Plan
Visiber associates buy the corporate’s merchandise.
This qualifies them to earn commissions once they recruit others who do the identical.
Fee Qualification
New V Silver associates obtain 8 weeks of fee qualification
New V Gold associates obtain 16 weeks of fee qualification.
So as to qualify for commissions, a Visiber affiliate should buy or recruit associates who buy at the least 50 PV of product each 4 weeks.
PV stands for “Private Quantity” and is gross sales quantity generated by merchandise bought by an affiliate and their personally recruited associates.
Visiber Affiliate Ranks
There are seven affiliate ranks inside Visiber’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – buy at the least RM900 ($215 USD) price of Visiber merchandise
- Elite Supervisor – generate at the least 2500 GV in your weaker binary group facet
- Crown Supervisor – generate at the least 5,000 GV in your weaker binary group facet and recruit and keep at the least one Elite Supervisor, or generate 10,000 GV in weaker binary group facet quantity
- Platinum Supervisor – generate at the least 10,000 GV in your weaker binary group facet and recruit and keep at the least one Crown Supervisor, or generate 15,000 GV in weaker binary group facet quantity
- Diamond Supervisor – generate at the least 15,000 GV in your weaker binary group facet and recruit and keep at the least one Platinum Supervisor, or generate 25,000 GV in weaker binary group facet quantity
- Duke Ambassador – generate at the least 30,000 GV in your weaker binary group facet and recruit and keep at the least one Diamond Supervisor, or generate 50,000 GV in weaker binary group facet quantity
- Royal Ambassador – generate at the least 60,000 GV in your weaker binary group facet and recruit and keep at the least one Duke Ambassador, or generate 80,000 GV in weaker binary group facet quantity
- World Ambassador – generate at the least 90,000 GV in your weaker binary group facet and recruit and keep at the least one Royal Ambassador, or generate 120,000 GV in weaker binary group facet quantity
Visiber’s compensation plan documentation doesn’t state whether or not binary quantity qualification is cumulative or over a set time interval.
GV stands for “Group Quantity” and is gross sales quantity generated by an affiliate’s purchases and that of their downline.
Recruitment Commissions
Visiber associates earn a fee once they recruit new associates who buy merchandise (obligatory).
- V Silver associates earn a 15% recruitment fee fee
- V Gold associates earn a 20% recruitment fee fee
A residual recruitment commissions is paid out by way of the Introducer Incentive.
The Introducer Incentive pays out as much as 65% of generated BV on a newly recruited associates first buy.
The Introducer Incentive is rank-based, and permits greater ranked associates to choose up the distinction between their rank fee and that of decrease ranked associates.
- Elite Managers can earn as much as 15%
- Crown Managers can earn as much as 30%
- Platinum Managers can earn as much as 40%
- Diamond Managers can earn as much as 50%
- Duke Ambassadors can earn as much as 55%
- Royal Ambassadors can earn as much as 60%
- World Ambassadors can earn as much as 65%
When a Visiber associates recruits a brand new affiliate, they’re paid their rank particular Introducer Incentive bonus fee.
For World Ambassadors that is 65%, the very best out there Introducer Incentive bonus fee.
When a decrease ranked affiliate is paid the Introducer Bonus, what’s left as much as the utmost 65% out there is paid upline.
E.g. A Platinum Manger recruits a brand new affiliate and receives their 40% Introducer Bonus.
That leaves 25% remaining. The system searches upline for a Diamond Supervisor or greater ranked affiliate to pay the remaining 25% Introducer Bonus out to.
- if a Diamond Supervisor is discovered first, they’re paid 10% (50% minus 40%) and the system continues to go looking upline for a Duke Ambassador or greater to pay the remaining 15% out to
- if a Duke Ambassador is discovered first, they’re paid 15% (55% minus 40%) and the system continues to go looking upline for a Royal or World Ambassador to pay the remaining 10% out to
- if a Royal Ambassador is discovered first, they’re paid 20% (60% minus 40%) and the system continues to go looking upline for a World Ambassador to pay the remaining 5% out to
- if a World Ambassador is discovered first, they’re paid the remaining 25%
Be aware that any time a World Ambassador is discovered, they’re robotically paid the remaining Introducer Bonus stability.
Residual Commissions
Visiber pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary group can develop.
Gross sales quantity is generated throughout the binary group when recruited associates buy Visiber merchandise.
Visiber tallies up this gross sales quantity throughout an unspecified interval.
A residual fee is paid on gross sales quantity generated on the weaker binary group facet:
- V Silver associates earn a 12% residual fee fee, capped at $2000 per fee run
- V Gold associates earn a 15% residual fee fee, capped at $20,000 per fee run
Once more, Visiber’s compensation plan doesn’t state how typically residual commissions are calculated.
Matching Bonus
Visiber pays a Matching Bonus on residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned instantly below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Visiber cap the Matching Bonus at 5 unilevel group ranges.
V Silver associates earn a ten% match on ranges 1 and a couple of.
V Gold associates earn a 15% match on stage 1 (personally recruited associates), 12% on stage 2, 10% on stage 3, 8% on stage 4 and 5% on stage 5.
World Pool Bonus
Visiber takes 7% of company-wide gross sales quantity and locations it into seven rank-based bonus swimming pools.
Associates earn shares within the World Pool Bonus primarily based on their present rank:
- Elite Managers obtain one share of a 3% World Pool
- Crown Managers obtain one share of a 1.6% World Pool
- Platinum Managers obtain one share of a 1% World Pool
- Diamond Managers obtain one share of a 0.5% World Pool
- Duke Ambassadors obtain one share of a 0.4% World Pool
- Royal Ambassadors obtain one share of a 0.3% World Pool
- World Ambassadors obtain one share of a 0.2% World Pool
Becoming a member of Visiber
Visiber affiliate membership is tied to the acquisition of their merchandise.
A minimal buy of RM900 ($215 USD) or extra qualifies for V Silver membership.
A minimal buy of RM9000 ($2154 USD) or extra qualifies for V Gold membership.
Be aware that V Silver associates are given six months to improve to V Gold, after which they’re completely locked at V Silver membership.
Via Visiber’s compensation plan, V Gold supplies direct monetary advantages over V Silver membership.
Conclusion
You recognize these quantity video games you used to play as a child within the classroom, the place some child asks you a bunch of math questions and by some means arrives at your chosen quantity?
Yeah, that’s the vibe I’m getting from Visiber.
So far as I can inform, approach again when David Hew and/or Patrick Tan (relying on who you consider), got here up with a meaningless system that calculates a magical quantity for you – primarily based on nothing greater than your birthdate, a triangle and a mathematical algorithm.
Severely, past that there doesn’t seem like something truly behind Visiber’s numbers methodology.
Which makes their merchandise… nicely, questionable.
Look, I get it. Wowing individuals with their birthdate and an algorithm triangle isn’t any totally different to impressing youngsters by guessing their quantity.
If you wish to purchase wall hangings or a hoop with the end result of Visiber’s numbers methodology, extra energy to you.
The place the wheels fall of Visiber’s college bus although is in claims like this:
Particular crafting approach is then used to lock everlasting vitality into the ring to permit the common frequency to enter the guts and soul of the wearer with the intention to lend peace to the wearer.
Maintain up. For those who’re going to make some Harry Potter claims about how you manufacture your magical quantity rings, you higher present particulars.
And Visiber don’t.
The second you begin claiming Visiber’s merchandise are something greater than a illustration of what occurs while you feed your birthdate into their algorithm, you make representations you possibly can’t substantiate.
And from a regulatory perspective, that’s an issue.
Talking of regulators, I wish to contact on how Visiber symbolize themselves to the SEC:
The Firm is at the moment in search of new enterprise alternatives or acquisitions together with the exploration of buying, growing and launching a cloud-based APP that makes use of a predictive algorithm to foster carefully knitted communities made up of people, households and companies from a various background.
No timetable has been set to perform our enterprise aims and we don’t presently have any agency dedication from any third events to accumulate or develop this enterprise or elevate the capital wanted upon phrases acceptable to us.
After we start this implementation and safe financing, we are going to establish our plan of operations, a advertising technique, alternatives and competitors.
There’s notably no point out of magic numbers, rings, wall hangings or something about their MLM alternative in Visiber’s SEC filings.
Additionally not talked about in Visiber’s SEC filings is there secret 57 Society funding alternative.
As above, Visiber appear to be promoting digital shares (known as subscriptions), by Rox Enterprise Berhard.
So far as I can inform, Rox Enterprise Berhard is a Malaysian shell firm connected Visiber.
No thought who Yen Chien Chang is, however he appears to be receiving funds for funding.
The soliciting of funding from Visiber associates is neither authorized in Malaysia or the US.
So far as Visiber’s compensation plan goes, you purchase in to fee qualify (spend extra, earn extra), after which earn by recruiting others who do the identical.
Everybody who buys in is an affiliate, which means Visiber has no retail exercise. Which is comprehensible, given with out the connected earnings alternative it’s extremely unbelievable anybody goes to buy their merchandise.
Once more from a regulatory perspective, an MLM firm that doesn’t generate important retail gross sales exercise is working as a pyramid scheme.
The truth of pyramid schemes is that, it doesn’t matter what your magic Visiber numbers may say, nearly all of individuals in a pyramid scheme lose cash.
If one is to consider Visiber’s SEC filings, that features the corporate itself;
We do not need adequate assets to effectuate our marketing strategy. We should elevate further funds to pay for all of our deliberate bills.
We probably should concern further debt or fairness, or enter right into a strategic association with a 3rd occasion to hold out our marketing strategy.
Somebody who evidently doesn’t have a scarcity of funds nevertheless is Dato David.
A current Fb submit of David’s exhibits him driving fancy automobiles round and staying at luxurious motels in Taiwan.
If I’ll, right here’s an algorithmic components which may clarify the discrepancy between Visiber’s said monetary place and that of Dato David:
Gullible saps who purchase into made-up numbers components + spending huge on trinkets = wealthy individual working the present.