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Embed code for: MMM BUSINESS GAME PRESENTATION CYCLE 7
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Long Live MMM
CYCLE 7 MEMBERS
Madueke ijeoma Jennifer
HISTORY AND CULTURE OF THAILAND
Dating back to the Neolithic civilization situated at the modern-day UNESCO World Heritage Site in Ban Chiang, the history of Thailand is long, proud, and fairly well documented. Over the early centuries of the Common Era, tribes of Mon, Khmer, and Tai peoples established realms within the borders of modern Thailand; the Mon speaking Buddhist civilization of Dvaravati in the first millennium giving way to the Khmer empire of Angkor by the turn of the second millennium.
IMPORTANT FACTS ABOUT THAILAND
Thailand is the world's 51st largest country. It is the 20th most populated country in the world with around 66 million people.
The capital of Thailand is Bangkok.
Bangkok has a population of 8, 137, 173 people.
Thai Baht (THB) is their currency. The conversion of Dollar to Thai Baht is 1USD = 35.04THB
You've received all the information needed in order to become managers/leaders in the MMM Global Community. Now you have an important task:
Enter in a new country and develop MMM Global there.
This new country will be the Thailand. As a starting resources you have:
- A team
- knowledge received in the School
- $ 50,000
Within an hour you have to develop a plan of actions for a week. You must specify the number of registrations and deposits you will achieve over this period.
Important: $50 000 is given only once, later on you should use the free resources from the system.
Rent: $4,500 (5 Bed Room, Full Furnished, 6month Rent)
Team Seed Contribution: $10,000 (We will PH this Amount)
Source of Revenue: Sales of souvenirs, GH from Community
Target City: Bangkok
Target Demography: 18 years to 30years, Internet savvy young people
Target Registration: 10,000 (Representing 0.123% of 8,137, 173 Bangkok population)
Target Souvenirs Sales: 100,000 units
Target Souvenirs Revenue: $600,000 ( $6 per Shirt)
Projected Souvenirs Profit: $100,000 (Less cost of production and profit shared with garment partners)
SUB GROUP: Team will be divided into 5 sub-groups
Administrative team – 5members
IT Team – 5member
Venue A Team – 10members
Venue B Team – 10members
Venue C Team – 10members
EVENT NAME: CELEBRITY HANGOUT
We bring young people to meet starts/celebrities in Bangkok.
Starts mingle with people and also openly support to MMM.
Access to event is only for those wearing our MMM branded T-shirt
We will host 3 starts/celebrities in 3 different locations across Bangkok
We are aiming to take over the following places: Grand Palace, National Park, Golden Buddha
Secure accommodation for the team (this saves cost of lodging in hotels).
Building of website for Thailand
Create adverts on social media, face book, twitter, Instagram, telegram, YouTube.
Introduce online games, 100 people with highest retweets , likes and follow will be given free t-shirts which is the gate pass for the events
Strike a profit sharing deal with a garment manufacturer for production of 100,000 T-shirts.
Pay for event location and put in place all logistics
Identify, select and officially engage the celebrities we want to work with.
Print banners and flyers.
Organize press conference for bloggers and celebrity
SWOT ANALYSIS FOR THAILAND
BUDGETS PLAN FOR 7DAYS
Allocated Budget = $50,000
Total Expenditure = $36,051
Seed Contribution (PH) = $10,000
Pay Celebrities = $45,000
Profit From T-shirts = $100,000
Remaining Budget = $76,051
A week has passed – you are foremen. The average contribution of a participant to the structure is around - $300. Under the regulations of MMM Global you must provide at least 30% growth in terms of participants’ payments starting with the first contributions.
Your task is to calculate how many new members and contributions you have to ensure in the next 3 weeks in order to be able to make the required payments to the older participants. It is necessary to write down your plan of actions for the next 3 weeks: under the above conditions stated – point out what resources you need and how you are going to use them, the number of new participants and money raised during this period, what extra costs you will have and how to attract them
HOW TO GO ABOUT IT
Calculation of new members needed with their contribution
● Average donation =$300
● Number of registered participants =10,000
● Amount donated by participants= 300 x10,000 = $3,000,000
● Registration bonus for 4200 participants (first week) @ $20 each =20 x
10,000 = $200,000
● Total sum =$3,000,000 + $20,000 = $3,200,000
NEEDED RESOURCES AND ACTIVITIES TO REGISTER 3,867 NEW MEMBERS
Bus for Road Show
Hand Bills (flyers)
Set target of 5 registration a day for all team member
Organizing seminars at Colleges
Train more people to become guider
SOURCE OF FUNDING:
Allocated budget balance brought forward from week 1= $76,051
Balance After This Task = $66,051
● 30% interest growth on donation and registration bonuses = 30/100 x
$3,200,000 = $960,000
● Total amount to pay participants that deposits in week 1 = $4,160,000
● Cash deposit =$3,000,000
● Additional cash needed to pay off week 1= $4,160,000 - $3,000,000 =
● For old participant to be able to receive $1,160,000 then we will need
3,867 new participants ($1,160,000 /300), with each participant depositing
average of $300.
A month has passed. You are hundredth. The same plan for another month on the basis of the results of previous calculations, taking into account the dynamics of growth (the number of new participants and contributions for the next 4 weeks).
Registration for first Month = 10,000+ 3867 = 13,867
If Participants referred an average of 2 participant each
13,867 x 2 = 27,734
Total in 1 month = 27,734 + 13,867 = 41,601
Total Contribution (at $300 avg.) = 41,601 x 300 = $12, 480,300
We will sustain our seminars and Road Shows
Target will remain at 5 participant registration per day for each team member
40*5 = 200 registration per day
200*30 =6000 registration per month
Registration for subsequent months = 6,000
After 2 months you have the number of participants and deposits that you have calculated. Now you can calculate what you need to organize within the next month.
A week after the start of the month there is the local holiday in Thailand - which is celebrated during a week, respectively, in this period the activity of registrations falls by 75%. Make a plan of actions for a month: what resources and how you should use them, the right amount of contributions and participants for the development of the system.
AIM - to make up 75% registration loss during the month
● Weekly target registration 4000 participants
● Due to popular festive period (holiday ) in Thailand registration dropped by 75%
● So 75/100 x 6000 = 4500 which is registration drooped from 6000 to 1500
● Therefore for the remaining 3 weeks of the month we need above 4500 participants to meet up the plan
● For the remaining 3 weeks in the month we will increase the number of participants by setting a target of 7 registration per team member per day.
3week Target = 7 x 40 X 21days = 5880
ACTION PLAN FOR NEW MEMBER TO REGISTER
Train and empower more participants to become managers in the community to increase input and output
Organize seminars to show them evidence ( testimonies )
More adverts , radio, bulk sms, social media e.t.c
Offer free boat transportation to workers in the morning for 1week.
We will daily issue out 2000 tickets at the cost of 40THB ($1.14) per ticket to people wearing our branded T-shirts.
Total campaign cost = $15,960 (from our balance)
GH (from previous 2 months) =$6,000
Balance Brought Forward = $66,051
Total Balance at Hand (Less Campaign Cost of $15,960) = $56,091
Your plan didn’t work out, you do not have enough new registrations and new deposits to cover the costs of the current deposits .
It is necessary to analyze the plan of actions in this situation, what are the resources, how many participants, contributions, etc, needed to get this situation resolved. Due to lack of funds there are delays in payments, the old participants seeing that - neither make their own contributions, nor attract new members.
Cash (Budget) = $44,000
Re Design Handbills (Flyers)
Employ 8 locals who have better understanding of Thailand
Assuming our plan for 5880 participants in previous month did not work, and we were able to register only 1000 new members
Total members = 41,601 + 1000 = 42,601
Registration Bonus for New Members = 1000 x $20 = $20,000
30% Interest for all Members = 42,601 x $300 x 30/100 = $3,834,090
Amount Required to pay Member deposit from previous month is: $3,834,090
Cash in Hand: $12,091
Triple target enrollment to 18,000 New Participants per month
Split Team into 8 sub group of 6people each (including those employed), each team will work with old participants in each city to intensify campaign.
Spread Team over 8 cities in Thailand
Allocate $5,000 to each team.
Projected New contributions = 18,000 x $300 = $5,400,000
New target contribution = $5,400,000
During this month delay in payments increased to 7 days. Referral activity almost reduced to zero. The old members do not attract anyone and do not make contributions too. In virtue of this situation a pause mode is implemented in which all the old Mavros are frozen and will be available for withdrawal when the situation will right itself. New deposits grow as per old conditions (are not frozen and available as usual). Make your plan of actions for another month (resources, contributions, members, etc).
“LOOK INWARD” STRATEGY
Cash (Budget) = $5,000
Print MMM Information Booklet
Identify members with excellent presentation skill
Given that referral is almost at zero, we may therefore assume we still need $3,834,090 to pay Member deposit and interest from previous month is
Cash in Hand: $7,091
We will dedicate 70% of our time and resources to impact MMM Ideology to members
Advise the participants not panic for any reason
We need to show some videos as proof to the participants that MMM pays and therefore is real
Also we have to expatiate fully the ideology, how MMM works, benefits entitled to MMM participants, in other to boost their confidence
We must create a social medias groups, pages and work as a team to strategize different plans we can use to bring back our participants trust.
We may need to target rural areas and also universities, especially where there are massive occupants All guilders must at least encourage their down lines to make things easier
We may need to organize a new batch of guilders to help and spread the benefits of joining MMM
We will continue to intensify our effort to achieve the achieve the set target of 18,000 new registration per month.
We will recruite global exchange help in bitcoin
Your efforts have been insufficient to reverse the situation. A restart took place, all the old Mavros are removed. We start to work from the beginning. Serious negative impacts of the members and unfavorable responses, one or two negative articles in the mass media and you have to make a fresh start in such conditions. A plan of actions under specified conditions for a month.
Bring all Team members back to Bangkok
Re-evaluate the entire System
Identify all pitfalls
Send out feedback form to members
Answer all members questions and complained
Keep communicating line open with members by sending them Emails, SMS and through Social media
Increase Mavros growth to 50% per month
Introduce extra 5% referral bonus for any member that achieve 10 new referrals per month.
Concentrate on old members by Organizing small town hall meetings across the nation
Face the situation and educate members to understand the system
Allow members to express their mind and ask questions
Set meeting with your members to get possible solution
Even if the plans are not going well as planned keep being positive
Always believe there is always away even when dreams are shattered
Managers must ensure that they are not carried away by the bonuses
Increase the growths of marvos about 50%000