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Riway: A Closer Look at the Controversial MLM Company
Riway is a multi-level marketing (MLM) company that markets supplements containing deer placenta, claiming to heal and prevent diseases. The company primarily targets Asian countries, including Singapore (Riway’s global headquarters), Malaysia, Indonesia, Thailand, Myanmar, Taiwan, Hongkong, Japan, and the Philippines.
Founded by Dr. Lim Boon Hong in 2008, Riway markets itself as a righteous direct-selling company that focuses equally on the importance of a good product and the financial income of affiliates. However, the company has been surrounded by controversy due to its high-priced products and the questionable business practices of its affiliates.
Product: Purtier Placenta
Riway’s main product is the supplements that come from deer placenta, which they call Purtier Placenta. According to the company, Purtier Placenta is a form of oral live cell therapy that contains deer placenta live stem cells. It also capsulizes diverse youthful ingredients to preserve, restore, and revitalize the body’s tissues and organs to keep a person blooming. A quick Google search would even state that a deer placenta bottle from other brands starts on pricing around $50-$60.
While Riway claims that Purtier Placenta has medicinal effects, which may be used for curing cancer, there is no scientific proof to support these claims. Moreover, the product is overpriced, making it challenging for their affiliates to sell them. This leads to affiliates relying on recruiting more people to make money, which is a red flag for an MLM company.
Compensation Plan: Recruiting Instead of Retailing
Riway’s compensation plan is not readily available on their website, which is a drawback. However, based on a source in the Philippines, there is no mention of retail commission, which is quite alarming. Affiliates are paid to recruit new affiliates, and the payout is determined by how much a newly recruited affiliate spends when they sign up and how much the recruiting affiliate spends on their own signup package.
Silver affiliates receive $26.97 for recruiting a Silver affiliate, $53.97 for a Gold, $101.87 for a Platinum, and $175.36 for a Diamond. Gold affiliates receive $30.36 for recruiting a Silver affiliate, $60.72 for a Gold, $114.60 for a Platinum, and $197.28 for a Diamond. Platinum affiliates receive $33.73 for recruiting a Silver affiliate, $67.46 for a Gold, $127.33 for a Platinum, and $219.20 for a Diamond. Diamond affiliates receive $33.73 for recruiting a Silver affiliate, $67.46 for a Gold, $127.33 for a Platinum, and $219.20 for a Diamond.
Riway also pays residual commissions via a binary compensation structure. Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level. Positions in the binary team are filled via direct and indirect recruitment of affiliates, and there is no limit to how deep a binary team can grow. At the end of each day, Riway tallies up new sales volume on both sides of the binary team. Affiliates are paid a percentage of generated sales volume, based on which package they signed up with.
The lack of retail opportunities and the heavy emphasis on recruiting make Riway’s compensation plan resemble that of a pyramid scheme. In a pyramid scheme, the primary way to earn money is by recruiting more people, rather than selling products to consumers. This can lead to affiliates focusing on recruitment rather than on product sales, which is a red flag for any MLM company.
Riway’s compensation plan is not readily available on their website, which is already a cause for concern. However, based on a source in the Philippines, there is no mention of retail commission, which is quite alarming. This means that affiliates are not incentivized to sell the products to customers, but rather to recruit more people into the MLM structure.
Affiliates are paid to recruit new affiliates, and the payout is determined by how much a newly recruited affiliate spends when they sign up and how much the recruiting affiliate spends on their own signup package. Silver affiliates receive $26.97 for recruiting a Silver affiliate, $53.97 for a Gold, $101.87 for a Platinum, and $175.36 for a Diamond. Gold affiliates receive $30.36 for recruiting a Silver affiliate, $60.72 for a Gold, $114.60 for a Platinum, and $197.28 for a Diamond. Platinum affiliates receive $33.73 for recruiting a Silver affiliate, $67.46 for a Gold, $127.33 for a Platinum, and $219.20 for a Diamond. Diamond affiliates receive $33.73 for recruiting a Silver affiliate, $67.46 for a Gold, $127.33 for a Platinum, and $219.20 for a Diamond.
Riway also pays residual commissions via a binary compensation structure. Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level. Positions in the binary team are filled via direct and indirect recruitment of affiliates, and there is no limit to how deep a binary team can grow. At the end of each day, Riway tallies up new sales volume on both sides of the binary team. Affiliates are paid a percentage of generated sales volume, based on which package they signed up with.
However, Riway’s heavy emphasis on recruitment and lack of retail opportunities raises concerns about the legality of their business model. In many countries, including the United States, pyramid schemes are illegal. While MLM companies may have a similar structure to a pyramid scheme, they are legal as long as they have a strong emphasis on product sales and not just on recruiting new members.
The fact that Riway’s main product is supplements containing deer placenta, with bold claims of medicinal effects, also raises red flags. While there is no scientific proof to support these claims, Riway’s products are overpriced, making it challenging for their affiliates to sell them. This further emphasizes the importance of a strong retail opportunity for affiliates to earn money and build a sustainable business.
In conclusion, while Riway markets itself as a righteous direct-selling company that focuses equally on the importance of a good product and the financial income of affiliates, its heavy emphasis on recruitment and lack of retail opportunities raise concerns about the legality and sustainability of its business model. The company’s reliance on overpriced supplements with bold claims also adds to the skepticism surrounding its products. As with any MLM opportunity, it is crucial for potential affiliates to do their research and carefully consider the compensation plan and retail opportunities before investing time and money into the company.
is riway legit?
It is important to note that Riway is a controversial company, and opinions about its legitimacy vary. While the company claims to offer high-quality supplements containing deer placenta, some people have raised concerns about the lack of scientific evidence to support these claims. Additionally, the heavy emphasis on recruitment in the company’s compensation plan has led some to question whether it is a pyramid scheme.
It is always important to do your own research before getting involved with any MLM company, including Riway. You should carefully evaluate the company’s products and compensation plan, and consider speaking with current and former affiliates to get a better understanding of the company’s practices and culture. You may also want to seek the advice of a financial or legal professional before making any decisions.
Conclusion
In conclusion, Riway is a controversial MLM company that markets supplements containing deer placenta, claiming to heal and prevent diseases. While the company markets itself as a righteous direct-selling company that focuses equally on the importance of a good product and the financial income of affiliates, its compensation plan and marketing practices suggest otherwise. The heavy emphasis on recruitment and lack of retail opportunities make it resemble a pyramid scheme, and the overpriced products with bold medicinal claims raise red flags.
It’s crucial to do thorough research before joining any MLM company and consider the risks and potential drawbacks. Pyramid schemes are illegal in many countries and can lead to financial losses and legal trouble. While Riway may be a legitimate MLM company, the controversial marketing practices and lack of transparency in its compensation plan make it a risky venture. It’s important to weigh the potential benefits against the potential risks and make an informed decision.
Summary
Sure, I can help you with that! Here’s a blog post on Riway, a multi-level marketing (MLM) company that markets supplements containing deer placenta.
Riway: A Closer Look at the Controversial MLM Company
Riway is a Singapore-based MLM company that markets supplements containing deer placenta, claiming to heal and prevent diseases. The company primarily targets Asian countries, including Singapore (Riway’s global headquarters), Malaysia, Indonesia, Thailand, Myanmar, Taiwan, Hongkong, Japan, and the Philippines.
Founded by Dr. Lim Boon Hong in 2008, Riway markets itself as a righteous direct-selling company that focuses equally on the importance of a good product and the financial income of affiliates. While this is Dr. Lim’s first time heading an MLM company, he was previously an affiliate for NuSkin, a well-known personal care products and dietary supplements MLM.
Riway’s main product is the supplements that come from deer placenta, which they call Purtier Placenta. According to the company, Purtier Placenta is a form of oral live cell therapy that contains deer placenta live stem cells. It also capsulizes diverse youthful ingredients to preserve, restore, and revitalize the body’s tissues and organs to keep a person blooming. A quick Google search would even state that a deer placenta bottle from other brands starts on pricing around $50-$60.
However, Riway’s products, especially the one derived from deer placenta, have bold claims. For instance, it markets itself as a supplement with medicinal effects, which may be used for curing cancer. While there is no scientific proof to support these claims, Riway’s products are overpriced, making it challenging for their affiliates to sell them. This leads to affiliates relying on recruiting more people to make money, which is a red flag for an MLM company.
Riway’s compensation plan is not readily available on their website, which is a drawback. However, based on a source in the Philippines, there is no mention of retail commission, which is quite alarming. Affiliates are paid to recruit new affiliates, and the payout is determined by how much a newly recruited affiliate spends when they sign up and how much the recruiting affiliate spends on their own signup package.
Silver affiliates receive $26.97 for recruiting a Silver affiliate, $53.97 for a Gold, $101.87 for a Platinum, and $175.36 for a Diamond. Gold affiliates receive $30.36 for recruiting a Silver affiliate, $60.72 for a Gold, $114.60 for a Platinum, and $197.28 for a Diamond. Platinum affiliates receive $33.73 for recruiting a Silver affiliate, $67.46 for a Gold, $127.33 for a Platinum, and $219.20 for a Diamond. Diamond affiliates receive $33.73 for recruiting a Silver affiliate, $67.46 for a Gold, $127.33 for a Platinum, and $219.20 for a Diamond.
Riway also pays residual commissions via a binary compensation structure. Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level. Positions in the binary team are filled via direct and indirect recruitment of affiliates, and there is no limit to how deep a binary team can grow. At the end of each day, Riway tallies up new sales volume on both sides of the binary team. Affiliates are paid a percentage of generated sales volume, based on which package they signed up with.
While Riway may come with retailable products, the company is in danger of becoming a pyramid scheme due to the terrible retail opportunity here, as their products
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