Wednesday, January 18, 2017

Is PhytoScience just more stem cell pseudoscience?

Pseudoscience, nutritional supplements, and life transformations, all wrapped up into one outdated website. Sound familiar?

Welcome to every mediocre MLM.

PhytoScience, a network marketing company that launched in Kuala Lumpur, Malaysia in 2012, checks each and every one of these off the list. But they’ve actually done quite well.

Does this mean I’m involved?

This video explains everything:


Make sense? Either way, here’s the full review on PhytoScience.

Overview

PhytoScience sells plant stem cell products that fight aging, although their particular products are not backed by scientific studies. Their website still has goals listed from 2015 as their vision statement. [1]

Did they ever hit those goals? No one knows, because apparently they haven’t updated their website in over a year.

However, we do know that by 2015 their monthly sales had already hit RM40 million, or little over $9 million in USD. Pretty big numbers for a company that just opened shop a few years ago. [2]

You’d think a multi-million dollar company could afford a better website. If you go to the PhytoScience website, it’s littered with all kinds of cheesy catch phrases and buzzwords.

For example, they call themselves the “TrendMaker”, claim “we’re in the business of life transformation!”, and their website welcomes you with all kinds of annoying pop-ups and unwarranted music.

They even use 4 words that all start with the same letter to explain their mission. Of course they do. Their “4 Ps” are…

Produces, Plan, Platform, and People.

Not exactly revolutionary.

They were founded by a husband and wife team, Puan Sri Datin Sri Ela Tan and Tan Sri Dato Sri Lai Teck Peng. Dato Sri Lai, the company’s founder and President, has over 26 years of experience in network marketing, mostly in leadership and operational management positions.

Dude has even been bestowed an honorary title by his Royal Highness, the Sultan of Pahang. Bucket list – check. [3]

The couple recently just founded another company called Trendmaker in Singapore to take PhytoScience international. Trendmaker owns a 100% share in PhytoScience. [4]

Trendmaker was already named a prestige winner of the SME100 Awards, which is an annual award program held be Entrepreneur Magazine that identifies the fastest growing small and medium enterprises in Asia. [5]

The awards look at things like growth, turnover, profit, and market share, as well as “resilience”, which is measured by sustainability, best practices, and a company’s vision. Altogether, winning the award is a good indicator of how well your company is doing.

Products

PhytoScience sells health and wellness products reverse aging using stem cells extracted from a rare apple tree by Swiss scientists. [6]

Weird science? Check.

Rare plant or fruit? Check.

The inclusion of a European country for added legitimacy? Check.

A pill that makes you look and feel hotter? Check.

Sounds like a wellness MLM if I’ve ever seen one.

Their products come in two forms: nutrition and skincare.

Double Stemcell is their signature product, a 100% natural nutritional supplement made from the apple plant extract. They also throw in some stem cells from grapes (not just any grapes, grapes from Burgundy), acai berries, and blueberries.

Aside from nutritional products, they also sell stemcell-based skincare products called Triple Stem Cells Age Defying Solutions. These use the apple stem cells and grape stem cells, along with stem cells from the argan tree, chrysanthus flowers, and sunflowers.

They do have some credentials to back their products, at least.

Studies done by Credence Research show that plant-based stem cells can help with skin rejuvenation, weight loss, wrinkles, and skin hydration. Other than lilac and edelweiss, the studies show that the “magic apple” (presumably the one used by PhytoScience) is one of the most popular and effective plants for stem cell nutritional products. [7]

The report also shows that sales in the plant stem cell market are expected to quadruple by 2022, so the demand is definitely there.

However, the “Swiss scientists” researching and developing PhytoScience products aren’t exactly unbiased researchers. Mibelle BioChemistry, the company that locates and extracts the stem cells for PhytoScience products, is actually a cosmetics ingredients company, so they stand to profit from selling these plant stem cells whether or not they’re scientifically proven. [8]

Opportunity

The opportunity and compensation as explained on their website are vague, to say the least, but that’s to be expected.

There are four ways to earn with PhytoScience:

  1. Sponsor Bonus
  2. Pairing Bonus
  3. Unilevel Bonus
  4. Matching Unilevel Bonus

However, with no description of what commission might be or how exactly these bonuses are structured, this basically means nothing. [9]

They also state that you don’t need anything to start – no membership or expensive investment. But you do need to select your preferred starter package, which implies a cost. No more details are given.

Recap

The compensation plan is virtually non-existent on the internet, which usually means it’s not great. The products aren’t bad though.

Even though the science behind their products is questionable, there is some evidence backing stem cells from this “magical” apple tree.

More importantly, for you money chasers, there’s evidence that the market for these products is going to skyrocket in the next few years regardless of the scientific claims.

That being said, who’s going to be profiting off this growing market when it comes to MLM?

You know the answer, and it’s likely not you. It’s the CEOs and the top .001% of distributors.

Look, as I’ve shown throughout this review I’m far from a PhytoScience hater. But they’re still an MLM and those have a nasty history of dropping off just a few years after being the next hottest thing.

I’m not saying it would be impossible to make money, but statistics would indicate the odds aren’t in your favor.

But if you like automated ways to build passive income, there are better ways.

(and you can trash those old MLM habits, too)


via http://mlmcompanies.org/phytoscience/

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