Hai - O To Boost Sales
November 2, 2007 | By Monika Mundell |
Hai - O, a direct selling network marketing company and ranked number 5 in Malaysia is planning to boost their overall sales by introducing new healthcare products to their current line. Their aim is to rank amongst the top 3 on Malaysia’s list of direct selling companies.
Managing director Tan Kai Hee said that the company is concentrating on their core business and that this particular method of action helped Hai - O to keep producing great sales figures.
“The total amount of sales in 2006 was around RM 185 million and RM 189 Million. The company also predicts to top that with this years figures of about 10 - 20%. Hai - O’s practice to concentrate on quality, branding and cost control is one of the contributing factors to this growth”.
The company’s presence is expected to grow in Indonesian and Chinese markets due to the recent transfer from Hai - O’s stock where it was moved from the second board of Bursa Malaysia to the main one.
According to Tan, the company is keen to expand into the Middle East by using their halal certified products as exports.
Further to this, the company has recently acquired land in Malaysia to incorporate future expansion of production plants, warehousing and to cater for higher business volume.
All in all, the future for Hai - O looks rosy and distributors can only benefit from this growth too.
Monika
Tags: direct selling, Hai - o, malaysia direct selling, mlm, network marketing
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[...] Hai-O’s chief financial officer, Hew Von Kin told StarBiz that this growth has helped generate 84% more net profit one year ago. [...]