Profitability of Network Marketing Business in Frontrow Enterprise Philippines Incorporated at Quezon City Essay
Profitability of Network Marketing Business in Frontrow Enterprise Philippines Incorporated at Quezon City
Business networking is a socioeconomic activity by which groups of like business-minded people recognize, create or act upon business opportunities. A business network is a type of social network whose reason for existing is business activity. There are several prominent business networking organizations that create models of networking activity that, when followed, allow the business person to build new business relationships and generate business opportunities at the same time.Network Marketing Businesses (MLM) in the Philippines is spreading like a virus.
Many Filipinos are so crazy engaging in these kind of business, from Top Multilevel Network Marketing Companies to some unregistered Network Marketing Businesses in the Philippines Especially if they heard about the “kitaan” or “compensation plan” and they see the ‘million-income-potential’, they tend to take the lure and register to the Network Marketing company they are invited in. Many business people oppose networking business is more cost-effective method of generating new business than public relations effort. This is because business networking is a low-cost activity that comprises more personal commitment than company money.
Researchers were able to study the importance of investing in the Network Marketing Business. The advantages of this kind of business, especially how high the profits you may get, will surely guides everyone in engaging on the right company for them. There are lots of learning opportunities that a person to be involved in a network marketing business will acquire. One of those opportunities is learning how to sell. Not all individual have the skills to presents their self in front of many people or customers. Once a person gets into a business networking, the skills in selling and persuading as well, and the good interaction to other people are developed.
As the researchers tried to know the reason why some people gets involved in a Network Marketing Business like Frontrow Enterprise Phil. Inc.; as a survey, people who engaged at Frontrow Enterprise are getting a high range income. On the other hand, the researchers tried to assess the increase of the demand in getting into a Network Marketing Business; they tend to study how money circulates and how this kind of business improves the lifestyle of people.
The purpose of the study is to know the profitability of engaging in the Network Marketing Business; the type of transaction uses in the business; and how the income increases by communicating to other people.
Background of the Study
Frontrow Enterprise Philippines Incorporated is a dynamic and rapidly expanding direct selling company in the health, beauty, and wellness industry in the Philippines today. It is a 100 percent Filipino owned corporation spearheaded by two of the most-promising new-breeds of entrepreneurs, Raymond ‘RS’ Francisco and Samuel ‘Sam’ Verzosa. They are graduates of University of the Philippines and orgmates of UP Samahan ng mga Mag-aaral sa Komunikasyon (UP Samaskon).
Raymond ‘RS’ Francisco, a graduate of B.A. Mass Communication and he’s been in the advertising industry since 1997, where he has directed a lot of T.V Commercials such as Pantene, GSM Blue, Chow King, Close-up, McDonald’s, Globe, Smart and other.
Together with his partner, Samuel ‘Sam’ Versoza a licensed Civil Engineer and took another challenging road that is sales and marketing. Here he mastered the art of sales and communication where he emerged as a well-respected and promising entrepreneur. He earned his first million at the age of 22.
Through the years, the rapport between the new blood of businessmen, they introduced a new formula for success in the multi-level marketing industry in order to build a more forward-driven company that is FRONTROW. (Frontrow Enterprise Phil., Inc., 2010)
Statement of the Problem
This research paper sought to answer the following questions: 1. What is the demographic profile of the respondents?
In terms of:
I.3 Economic Status
2. What is the profitability gained by the respondents in engaging at Frontrow Enterprise Phils., Inc.? 3. What is the importance of investing at Network Marketing Business to the Global Reciprocal Colleges?
Significance of the Study
The significance of the study can be perceived in the following:
To Students . The proposed study serves as the reference and guide for students as they enter the business industry. It will also help the students that are taking business related courses to know and identify the best and easiest way of earning money. It could be helpful for students to earn extra income while studying without interfering their studies. This study can help students to decide on which field of business they want to be focus on, this can be included to their options.
To Teachers. The proposed study will help teachers to have deeper understanding about Network Marketing Business. As they discuss the information about networking business, students tend to try and explore what the opportunities are there in networking business.
To Future Researchers. The proposed study will benefits and help the future researchers as their guide. The study can also open an opportunity for development of this study. This study can also serve as a summary for next researchers for deeper understanding and for extra knowledge or additional information.
Scope and Limitations
The study focuses on the profitability at Frontrow Enterprise Philippines Incorporated located at Quezon City as they give benefits to those who invest on their company .The respondents of the research study are the neophyte business men who engage or engaging to networking business.
The study will also include some points in gaining more income rather than setting up your own business. By determining the profitability of Frontrow Enterprise Philippines Incorporated this 2012, by using survey questionnaire that will perform. The study does not cover any Network Marketing Company that is not important to the research work.
Review of Related Literature and Studies
This chapter presents the review of related literature and local studies. Related Literature
Always remember that network marketing is a team business. In order to make money in this field you must be prepared to work closely with your team members. Welcome them to the team, introduce yourself as their upline and offer help if they need it. Some of your team members will respond, others will not, work with the ones who do respond.
These are your potentially strong members and are the lifeblood of your business. Try to build relationships with these members by offering help and discussing marketing techniques. Remember the team concept, your downline’s success is your success, you will all profit together. If something has been successful with you share, and encourage your team members to share their successes with their downline. In this way you will spread success to all members and build a strong active team, who are continually adding dedicated people to the team.
Cooperation of everyone can put each member to a profitable businessman. Most of all the students experience this kind of situation, participation of each member to perform a certain job, sharing ideas and helping to get their goals. As one of the researcher experience the difficulties and successfulness in a group. Encountering some member will not agree to the given ideas and conflict of philosophies but as it go through, performing of each member will come out because of the given task that should be done and clear.
At the end, the result will benefit each member for their due diligence. In networking business, interaction with other people is indispensable to be profitable and get a long tenure in the field of networking. By helping the member to recruit new member will increase the salary of both sides. This networking business, frontrow enterprise Philippines incorporated, team members need to function for the sake of themselves and earn high profit as everyone looking for.
For a start-up or small business, networking can provide a lifeline of support and business generation. Networking can help you improve your business performance, products and staff skills. It can also help you develop knowledge and skills, by providing opportunities to: Participate in benchmarking, which can help you identify areas where you can improve your business performance.
You can use networking to boost your reputation and gather new leads. You can: raise your business profile by becoming an established and regular networking member, getting your face and the business known; meet new people and build mutually beneficial business relationships; expand your markets by generating new business contacts with potential customers, suppliers and partners; establish overseas partnerships, eg through international exhibitions and conferences Networks can also be a key source of information and support.
You can: compare and discuss issues of common interest, eg legal and regulatory developments, staff retention, supplier networks, customer service and technological breakthroughs develop and share ideas, innovation and knowledge of best practice Simply selling products is the common thoughts of other about networking but actually that is definitely wrong. Networking is communicating to people and building a business relationship.
By investing Php. 5,999 for silver member or Php. 10,999 for gold member as the starting of the business transaction and when the time comes that the person who invest is already a member of network marketing, the networking company provide some products that can be use or sell. The products that the company gave as a starting line were help people to earn extra income, the most important thing here is to get involve yourself to the company and invite other to join.
It can be call this process a circular motion. Making business relationship to others is the best way of earning high profit. Every member of the group will contribute and useful for a better result. In frontrow after joining in the group the team group will explain more about the company and how to be a millionaire. Team group will use the new person who is interested to join and make it invest to the company and the new invited person will do the same to earn also and recruit as more as can.
The process of payment and earning profit are, In Frontrow the group member/employee will get P500.00 for each person convinced to invest and P1000 for every partner in silver member, for gold member is P1000 for each recruit and P2000 for every partner. The group member/employee can also earn by means of invites of their group member. So that is network marketing why earning money is faster than the other businesses.
Network marketing will help us in earning money, especially for students because it helps students to earn money without inconvenience in their studies. And it will also help to build self-confidence and having a good communication to others, the reason why is networking need to be powerful in communication and have a knowledge to deliver the ideas into one another.
But first, believing to yourself and having a high confidence is more important. Here in network marketing, making business relationship is very important.
Engaging a large group of team members and cross selling is one of the most important aspects in becoming profitable in a Network Marketing Business. Keen business sense is required as well as your tact in speaking to your network of business people. The smoother and more dedicated you are, the more money you will make from your work efforts. As you begin to build your network marketing business first imagine a large network of outlets of people.
Belief you will be able to reach a large base of clients who will be thrilled to use your product or service in your network marketing business. Each network and person who knows about your services and product represents the potential for sales.
The more networks and people you influence the more products you will be able to sell. Once you have established a client base cross selling to existing clients becomes a way to maximize profits. Generating repeated sales is easier when your product is usable and consumed like the sale of soaps, vitamins and shoes as opposed to selling a piece of furniture for instance.
When you have a team of members on your side helping you to build your network marketing business it becomes easier to motivate these entrepreneurs to make additional sales when you are excited in lieu of going out to try to find a new team member.
Your main goal is to build a group of team members that is wide and deep however it is more profitable to build wide in getting fresh new business people on board to try out your product and unique business opportunity. Building a deep network will assure you business security and building deep will equal profitability.
To make a network marketing business profitable, people who will engage must have to build teams. Frontrow conducts seminar for the people to know more about networking business and how it improves lifestyle. The company will orient the people who engage to elaborate more of the company’s profile when they are about to deal with future clients.
The person who undergoes the discussion about Frontrow, will surely have the power to talk and convince people who will help them to have team and profit. . The main goal of networking marketing business is to build a group of team members that is wide and deep however it is more profitable to build wide in getting fresh new business people on board to try your product and unique opportunity.
This is the fundamental thing that so few understand when it comes to the MLM industry. If you want to create a business that lasts, in this industry, you have to be willing to work hard at least in the very beginning. You can build your business as part time as you want in as few as hours as you want but that also means you can take as long as you want.
I suggest putting as much time as possible into your business without overly sacrificing your sanity or your family, at least in the beginning. When you get your business to over $10,000 a month residually, you can afford to go on more trips and vacations. This is the main point of our industry. There is light at the end of the tunnel. With almost all small businesses and almost all jobs, there is no light. You trade dollars for hours, as you rise the rank and compensation ladder, more is expected of you and if you want to slow down, especially in these times, you might get booted out.
In this industry, it actually, to the contrary, gets easier. Now, most flake out before they get to the easy part. They either give up out of lack of faith or work ethic or they get to a point where they are making money and take their foot off the gas or lose their focus too soon. Beware of these as they are the killers of the greatly talented. I see it on a DAILY basis where someone of great talent destroys what they were in the process of building to do something else or slack off and think they are at a point where it will automatically grow.
There is a 99% chance that you will NOT get to a point of lifetime automatic income prior to 2-3 years of intense focus. Now you know why so few people have what it takes, but, armed with this knowledge, you now do. To sell products is the perception of some people in networking business. Networking business is not actually centered in selling products but they invite people who will help them to build a profitable business. If you engage in a networking business, they will give you their products as part of your investment.
In Frontrow Enterprise Philippines Incorporated, to sell products is just an option for you. If you invest in their company, you will receive their products and it is up to you if you will sell it or use it for your own needs. They will focus to teach you on how to interact with other people in order for you to convince them and to build your downlines. In making your networking business profitable, you must be able to exert effort in doing that business.
Even some people take it as their part time, it needs a hard work for them to earn profit. Interacting with other people is one of the eagerness of the person in doing their business cost-effective. Some person who engaged in FRONTROW is still students and they can support themselves by the money they receive. Company events and recruitment tactics have hyped things like earnings potential, creating the impression that it’s only a matter of time before you will be rolling in Cadillacs and caviar. Most network marketing recruits never achieve that level of success.
In fact, the majority of network marketing recruits never even realize a profit. Network marketing can be profitable – it just takes an organized and structured approach to get there. Towards that end, these network marketing business tips should come in handy: Understand Your Costs; Create Lists; Make Sales Calls; Stay Focused; Leverage Team Resources.
There are strategies and techniques in making your business more profitable. Once you invest in Frontrow Enterprise Philippines Incorporated, they will able to orient you for you to know the organizational culture and the strategies on how you will expand your business. People who will invest should have hard work in recruiting or inviting others to be their downlines and help them as well in building their business. Related Study
The New Economy has arrived- It is a global revolution challenging businesses’ status quo. It has opened up new structures, new strategies, and new markets with the internet as its foundation; traditional ways of doing business has been changing in a faster face.
This thesis attempts to propose a model for New Economy business, especially in the telecom industry. It analyzes five telecom companies in Asia, discusses their experiences and current models, applies the to their respective countries microenvironment analysis and fits them into the New Economy description for the Philippine environment.
This research examined the characteristics and practices peculiar to home video shop in Baguio city and tried to determine the level of profitability and rate of return on investment that this establishment enjoys it went into a thorough investigation of the prevailing characteristics not only of the shops but of the type of customers they cater to. The problems that beset the operators of these establishment were likewise examined, their causes determined, and recommendations on how to solve them, formulated.
The respondents in this study were 88 proprietors of video rental shops that were operating in the city as of November 1993. From their responses, the needed information was gathered and analyzed to check on the veracity of the subjects responses in the questionnaire-checklist, the main data-gathering instrument, informal interviews and participant observation were conducted by the researcher.
How profitable when you engage to a networking business like Frontrow Enterprise Philippines Incorporated? Earning a high salary, strategies and skills in communication is to lead the networking businessman into a high profit. It is also by helping of each member in a group to make them both profitable. By engaging in Frontrow, people need to work harder to earn high profit and communicate to get more recruits.
The profitability of network marketing business in Frontrow Enterprise Philippines at Quezon City was shown by the survey questionnaire that was given to the employees and recruits at FRONTROW. It was conducted by the researchers to seek answers on how to gain or earn profit in a networking business. It was conducted to gather information about the profitability of engaging at Frontrow Enterprise Philippines Incorported.
Paradigm of the Study
Definition of Terms
Business relationship – creating of each member to built an agreement for the progress of the business. Capital – the sum invested in business.
Compensation plan “Kitaan” – process on how they are rate base on their performance. Engaging – giving or getting involve to a business.
Income – proceeds from labor
Investment – layout of money productively.
Inviting – attracting people to join in a business.
Neophyte businessman – beginner businessman.
Networking business – is a socioeconomic activity by which groups of like-minded businesspeople recognize, create, or act upon business opportunities. Profit – money gain to the work done.
Recruit – to furnish new people.
Retail Business – business sell in small quantities.
Scrutinize – inspect or examine closely the date gathered. Springboard – something that supplies condition for a beginning change or progress. Stress-free-job – working without thinking more obligations. Chapter 3
This chapter discusses the following methods how the researchers gathered information about the present study. Research design The researcher used Descriptive Method in this research study. This method was applied for the researchers to gather about presenting existing condition of the profitability in engaging at Frontrow Enterprise Philippines Inc.
The descriptive method helps the researcher to describe the nature of situation as it exist at the time of the study and to explore the causes of particular phenomena. This method congregates to answer questions concerning the procedure of the recruits in engaging at Frontrow and how high profit will earn. That is why it fits the topic about the profitability of network marketing business at Frontrow Enterprise Philippines, Incorporated. Sample and Sampling Technique
The researchers used the Random Sampling by selecting the desired sample of the respondents. The total sample population is 100 respondents out of the total number of the employees and invites at Frontrow Enterprise Philippine Incorporated which is 110.The table A presents the distribution of the respondents.
Distribution of Respondents
Data Gathering and Procedure
The researchers prepared a survey sheet as a springboard to gather information and data. They made sure that the questions on the survey questionnaire are related to their topic, and made the subject teacher check it before distributing them to the students. The survey was done during weekends and free time of class; two researchers went together to the place of the said company, Frontrow Enterprise Philippines Inc at Quezon City and the other five took the seminar .
The researchers distributed 15-item questionnaire which is about the Profitability of Network Marketing Business at Frontrow Enterprise Philippines Incorporated to the employees of Frontrow in 50 respondents and to the invites in 50 respondents. When the Employees and invites are answering the survey questionnaire the researchers asked if there were clarifications and need to add about the given survey sheets.
The invites said that that it was clear and they all understood it but in the Employees said that the term of payment was weekly and can increase the profit depends on the recruitment of individual. After an hour, the researchers was able to get the result of the questionnaire and scrutinized the data gathered. Having accomplished gathering the data in a day, the researchers computed the frequency count and percentage.
After both data are tallied and computed, it was interpreted through a measurement level such as table and graph. Statistical Treatment of Data
Statistical tool such as percentage technique was employed by the researchers to determine and to access the data collected from the research. Percentage technique was used to show the result of the evaluation based on the data gathered from the respondents. This was also applied to acquire the total percentage of the number with the same answer. The formula getting the percentage is: Percentage= n x 100 % = percentage
N n= no. of answer N = no. of respondents
Presentation, Analysis and Interpretation of Data
This chapter discusses the data gathered from the survey, as well the description of the respondents and the presentation, analysis and the interpretation of the data. Description of the Respondents
This research study contains two kinds of respondents-the employees and the recruited people. Their perception and opinions are of great importance to determine the profitability of Frontrow Enterprise Philippines Incorporated. The table shows the number of respondents, 50 employees of Frontrow and 50 recruited people from Frontrow were selected as respondents of this research. Table 1: Distribution of Respondents
Respondents Frequency Percentage Employees 50 50% Recruited People 50 50% Total 100 100%
Table 1 shows that the respondents of this study are the employees and the recruited people of Frontrow Enterprise Philippines Incorporated which has a total of 100 respondents.
Table 2: Age of the Respondents
Age Employees Recruited People Frequency Percentage Frequency Percentage 18 and above 45 45% 39 39% 17 and below 5 5%
11 11% Total 50 50 % 50 50%
Table 2 illustrates the distribution of age of the respondents; in employees, 45 or 45% of the respondents has an age ranging from 18 – above and 5 or 5% of the respondents has an age bracket 17 – below. In recruit people 39 or 39% of the respondents has an age ranging from 18 – above and 11 or 11% of the respondents has an age bracket 17 – below. This means that the majority of the respondents has an age bracket of 18 and above in both employees and recruit. Table 3: Gender of the Respondents
Gender Employees Recruited People Frequency Percentage Frequency Percentage Male 23 23% 15 15% Female 27 27% 35 35% Total 50 50% 50 50%
Table 3 shows the genders of the respondents, as shown in employees, 23 males or 23% and 27 females or 27% while in recruited people 15 males or 15% and 35 females or 35%. This means that majority of the respondents in both sides are females.
Table 4: Economic Status of the Respondents
Monthly income Employees Recruited People Frequency Percentage Frequency Percentage 10,000 below 13 13% 16 16% 10,000 – 15,000 9 9% 21 21% 16,000 – 25,000 24
24% 11 11% 26,000 up 4 4% 2 2% Total 50 50% 50 50%
Table 4 illustrates the economic status of the respondents. Most of the monthly incomes of the respondents’ respected families are consisted of 24 or 24% which has 10,000 below, 9 or 9% which has 10,000 – 15,000, 13 or 13% which has 16,000 – 25,000 and 4 or 4% which has 26,000 up for the employees. For the recruited people, 16 or 16% has 10,000 below, 21 or 21% has 10,000 – 15,000, 11 or 11% has 16,000 – 25,000 and 2 or 2% which has 26,000 up.
This means that out of 50 employees of respondents, 24 or 24% has a monthly income of 16,000 – 25,000 who are engaged in Frontrow while in 50 recruit of respondents, 21 or 21% has a monthly income of 10,000 – 15,000 who are willing to engage in Frontrow Enterprise Philippines Incorporated.
1. What is the easiest way of earning money?
Retailing % Buy and Sell % Networking % Franchising % Employees 9 9% 12 12% 25 25% 4 4% Recruit 8 8% 18 18% 19 19% 5 5% Total 17 17% 30 30% 34 34% 9 9%
In question 1, out of 50 employees’ respondents, 9 or 9% of the employees answered retailing, 12 or 12% for buy and sell, 25 or 25% for networking and 4 or 4% for franchising. Out of 50 recruit respondents, 8 or 8% of the recruit answered retailing, 18 or 18% for buy and sell, 19 or 19% for networking and 5 or 5% for franchising. This means that the majority of the respondents both employees and recruit, which is 34 or 34% in total, prefer to choose the easiest way of earning money is networking.
2. Are you satisfied with your monthly income?
Yes % No % Employees 4 4% 46 46% Recruit 10 10% 40 40% Total 14 14% 86 86%
In question 2, out of 50 employees’ respondents, 4 or 4% of the employees answered yes, while 46 or 46% of the employees answered no. in the other hand, out of 50 recruit respondents, 10 or 10% of the recruit answered yes, while 40 or 40% of the recruit answered no. This means that the majority of both respondents, which is 86 or 86% in total, are not satisfied to their monthly income.
3. Do you think networking business is a stress-free-job?
Yes % No % Employees 38 38% 12 12% Recruit 31 31% 19 19% Total 69 69% 31 31%
In question 3, out of 50 employees’ respondents, 38 or 38% of the employees answered yes, while 12 or 12% of the employees answered no. In the other hand, out of 50 recruit respondents, 31 or 31% of the recruit answered yes, while 19 or 19% of the recruit answered no. This means that the majority of the both respondents, which is 69 or 69% in total, thought that networking business is a stress-free-job.
4. What comes in your mind when you heard about networking business? High High Easy job
Selling Commission Investment Range salary Products Based Employees 2 28 8 6 6 Recruit 12 19 13 2 4 Total 14 47 21 8 10
In question 4, out of 50 employees’ respondents, 2 or 2%of the employees answered high investment, 28 or 28% for high range salary, 8 or 8% for easy job, 6 or 6% for selling products and 6 or 6% for commission based. Out of 50 recruit respondents, 12 or 12% of the recruit answered high investment, 19 or 19% for high range salary, 13 or 13% for easy job, 2 or 2% for selling products and 4 or 4% for commission based.
This means that the majority of the both respondents, which is 47 or 47% in total, when they heard networking business the first thing comes on their mind, is having a high range salary. 5. Are you willing to invest in a networking business with as much as Php. 5,988? Yes % No % Employees 50 50% 0 0% Recruit 40 40% 10 10% Total 90 90% 10 10%
In question 5, out of 50 employees’ respondents, 50 or 50% answered yes, while 0 or 0% of the employees answered no. Out of 50 recruit respondents, 40 or 40% of the recruit answered yes, while 10 or 10% of the recruit answered no. This means that the majority of the both respondents, which is 90 or 90% in total, are willing to invest in networking business with as much as Php. 5,988.
6. Do you think investing in networking business is more profitable than any
other business? Yes % No % Employees 49 49% 1 1% Recruit 50 50% 0 0% Total 99 99% 1 1%
In question 6, out of 50 employees’ respondents, 49 or 49% of the employees answered yes, while 1 or 1% of the employees answered no. Out of recruit respondents, 50 or 50% of the recruit answered yes, while 0 or 0% of the recruit answered no. This means that the majority of the both respondents, which is 99 or 99% in total, prefer to invest in networking business because of getting a high profit than the other company.
7. In your own perspective, do you think Frontrow Enterprise Philippines Incorporated would open more opportunities for you in attaining your success than any other businesses ? Yes % No % Employees 50 50% 0 0% Recruit 47 47% 3 3% Total 97 97% 3 3%
In question 7, out of 50 employees’ respondents, 50 or 50% of the employees answered yes, while 0 or 0% of the employees answered no. Out of 50 recruit respondents, 47 or 47% of the recruit answered yes, while 3 o3% of the recruit answered no. This means that the majority of the both respondents, which is 97 or 97% in total, thought that by investing in Frontrow can open more opportunities to attain your success.
8. Do you think Php. 5,988/Php. 10,988 as investment in Frontrow Enterprise
Philippines Incorporated is too much for a neophyte businessman like you? Yes % No % Employees 7 7% 43 43% Recruit 18 18% 32 32% Total 25 25% 75 75%
In question 8, out of 50 employees’ respondents, 7 or 7% of the employees answered yes, while 43 or 43% of the employees answered no. Out of the 50 recruit respondents, 18 or 18% of the recruit answered yes, while 32 or 32% of the recruit answered no. This means that the majority of the both respondents, which is 75 or 75% in total, thought that Php. 5,988 / Php. 10,988 are enough for a neophyte businessman to invest in a networking business like Frontrow Enterprise Philippines Incorporated.
9. Does profitability of Frontrow Enterprise Philippines Incorporated satisfy your need? Yes % No % Employees 49 49% 1 1% Recruit 40 40% 10 10% Total 89 89% 11 11%
In question 9, out of 50 employees’ respondents, 49 or 49% of the employees answered yes, while 1 or 1% of the employees answered no. Out of 50 recruit respondents, 40 or 40% of the recruit answered yes, while 10 or 10% of the recruit answered no. This means that the majority of the both respondents, which is 89 or 89% in total, said that the profitability in engaging at Frontrow can satisfy their needs.
10. If you are going to engage/invest in Frontrow, what is your main reason? To earn a high income Stress-free-job As part time job/extra income Employees 38 3 9 Recruit 41 3 6 Total 79 6 15
In question 10, out of 50 employees’ respondents, 38 or 38% of the employees answered to earn a high income, 3 or 3% for stress-free-job and 9 or 9% for as part time job. Out of 50 recruit respondents, 41 or 41% of the recruit answered to earn a high income, 3 or 3% for stress-free-job and 6 or 6% for as part time job. This means that the majority of the both respondents, which is 79 or 79% in total, prefer to engage/invest in Frontrow because of earning high income.
Frontrow Compensation Plan
As shown in this diagram of Frontrow Enterprise Philippines Incorporated compensation plan explain how the employee earn and how high depends on the number of recruits. Each employee will received Php. 500 for every recruited person and for every pair of recruited people can have an additional salary of Php. 1,000.
Summary, Findings, Conclusion and Recommendation
This chapter summarizes the whole research, naming down the findings, the conclusion and the recommendations of the researchers from the data and information that they have gathered from the research study. Summary
The research study’s main objective is to know the profitability of Frontrow Enterprise Philippines Incorporated as a networking business. The survey sheets and seminar were done to gather data from the Frontrow Enterprise Philippines Incorporated which is composed of the employees and
invites, these were the person who are recruited by the employees. The survey serves as an instrument to collect and gather data from the respondents.
Based on the result from the data gathered, the following are the findings drawn from the research study. 1. Most of the respondents are females. Employees are composing of 23 males and 27 females, recruited people are compose of 15 males and 35 females.
They have an age bracket of 18- above both the employees and recruited people which indicate that most of the respondents are adults. Employees of Frontrow earn 16,000-25,000 pesos monthly income while recruited people earn 10,000-15,000 pesos monthly income. 2. Most of the respondents are willing to invest at Frontrow Networking Business because they think that it is a stress-free-job and one of the main reasons on investing at networking business is to earn high income.
They think that networking business is more profitable than any other businesses and can satisfy their needs through inviting people to invest in this kind of business. 3. Most of the respondents think that Frontrow Enterprise Philippines Incorporated would open more opportunities for them in attaining their success. As neophyte businessmen, they think that engaging in Frontrow provides them conveniently in terms of work and earn high salary as they expect to the business.
Based from the findings gathered by the researchers, they have listed down the conclusion they have drawn from the study. 1. Based on the data gathered most of the respondents are adult and are females, both employees and recruited people which earn high income. That is enough for the recruited people to invest at Frontrow Enterprise Philippines Incorporated.
They tend to engage at networking business for them to further know about the process and to start gaining profit. 2. Based on the data gathered most of the respondents believe that networking business is the easiest way of earning money and profitable than any other business. The greater part of the percentage of the answers came from the respondents of Frontrow employees, as they proved it when they invested and worked for the company.
The recruits also believe that networking business is profitable, as they influenced by the employees because of knowing that Frontrow Enterprise Philippines Incorporated can give them high income. 3. Based on the data gathered, people find opportunities in investing at networking business. The importance of working for that kind of business gives them lot of experiences as they interact with various types of people and dealing with the same goal. In the same aspect,
After gathering the following finding and conclusions, the researchers have listed down the corresponding recommendation.
1. Aging 18-above comes to more opportunities in life. As a researchers suggest to dream high and don’t stop trying to engage in other opportunities that can benefit you in the future time. To those who earn also high income, try to establish or engage in other businesses and develop your skills in the field of business.
2. The researchers suggested that people who are not satisfied on their monthly income should find way to earn more profit by investing at networking business like in Frontrow Enterprise Philippines Incorporated that have a good company mission and vision in helping new businessman in creating and building their own journey in the field of business. People who are also willing to engage in Frontrow networking business should work hard for them to attain their goals.
3. Recruited persons are willing to invest with as much as Php 5,988 in Frontrow Enterprise Philippines Incorporated as they see that networking business is a stress-free-job and they tend to engage because of the high income potential. The researchers recommend that the recruits should invest at the company Frontrow to start working for their business and start inviting for their downlines or team members.
The researchers recommend that people, especially to the neophyte businessmen, should consider networking business in Frontrow Enterprise Philippines incorporated is more profitable than any business as it gives opportunity to them in attaining their success.
Employees of Frontrow invited people who are willing to engaged at the company to show more of the process on how networking business flows, how they will earn money; as they said that it is the main reason why they are about to invest their money in Frontrow networking business. The employees should encourage more people to show the high profitability of network marketing business at Frontrow Enterprise Philippines Incorporated.
The Profitability of Frontrow Enterprise Philippines, Inc. as Networking Business
Name: Date: Age: Gender: Status: Profile:
Working Student Student Housewife/ husband Regular Employee Business Owner other:_____________
> How much is your monthly income?
Php10,000 below Php10,000-15000 Php16,000-25,000 Php26,000up
Q1. What is the easiest way of earning money? Rate it to 1-4, one is the highest and 4 the lowest. __Retailing __Buy and Sell __Networking __Franchising
Q2. Are you satisfied with your monthly income?
Q3. Do you think networking business is a stress-free-job?
Q4. What comes in your mind when you heard about networking business? High investment/capital High range salary Easy job Selling products Commission based
Q5. Are you willing to invest in a networking business with as much as Php 5,000? Yes No
Q6. Do you think investing in networking business is more profitable than any other business? Yes No
Q7. In your own perspective, do you think Frontrow Enterprise Philippines, Inc. would open more opportunities for you in attaining your success than any other business? Yes No
Q8. Do you think Php 5,000 as investment in Frontrow Enterprise Philippines, Inc. is too much for a neophyte businessman like you? Yes No
Q9. Does profitability of Frontrow Enterprise Philippines,Inc. satisfy your needs? Yes No
Q10If you are going to engage/invest in Frontrow, what is your main reason? To earn a high income Stress-free-job As part time job
Building a Profitable Business by: Cathy Qazalbash
http://www.finalsense.com/learning/e_marketing_articles/networrk_profitable.htm Benefits of Networking
Building a Profitable Networking Business
http://bizcovering.com/opportunities/building-a-profitablee-networkingmarketing-business How to Create a Truly Profitable MLM Business
Building A Profitable Network Marketing Business
http://www.gaebler.com/buildin-a-profitable-marketing-business.htm Tanada, J.K.,(2001); A Business Model for Philippine Telecom Companies for the New Economy Enriquez-Cruz, L.D., (1994); The profitability of the home video shop business in Baguio city
We would like to extent our deepest and warmest appreciation to the following for making this research study possible. First of all to Almighty God, for giving us strength and wisdom in creating this research study. Second, to all the employees and the recruited people of Frontrow Enterprise Philippines Incorporated who answered our survey questionnaire properly.
Third, to Marjorie P. Ella and Juanito P. Baybayan Jr. who exerted so much effort and so much knowledge to be able to finish this research study. Fourth, to our entire group mates who contributed much in making this research paper complete. And last but not the least, to Mr. Joseph Dela Pena, for giving us a great responsibility and experience to make this research paper successfully. A million thanks to all of you. God bless GRC.
The researchers dedicated the research study first to Almighty God, because without Him there will be no us. Also to our beloved parents and families who keep patient and understanding when we sleep late at night just to finish this masterpiece of us and lastly, to Mr. Joseph Dela Pena, who is responsible for this research paper and for being our inspiration in making this research study. Without his guide ,the researchers will never know how to make this research study.
University/College: University of Arkansas System
Type of paper: Thesis/Dissertation Chapter
Date: 13 April 2016
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