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  #1  
Old 26-06-2022, 07:23 PM
energy_boi energy_boi is offline
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Propnex Millionaires

True or not, I see the propnex millionaires 2021/22, like so easy. But means they actual millionaire or brought a millionaire business to the company? Haha … very big difference though same millionaire concept
  #2  
Old 26-06-2022, 08:14 PM
qwerty2009 qwerty2009 is offline
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Re: Propnex Millionaires

Not sure why you bring this topic up here in sbf but to answer your question, do not believe what you see. Many of them rely alot on marketing to help in advertising themselves. If working as property agent able to become a millionaire easily as norm, many of us would have chosen this path.
  #3  
Old 26-06-2022, 08:20 PM
xxFTOxx xxFTOxx is offline
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Re: Propnex Millionaires

Quote:
Originally Posted by qwerty2009 View Post
Not sure why you bring this topic up here in sbf but to answer your question, do not believe what you see. Many of them rely alot on marketing to help in advertising themselves. If working as property agent able to become a millionaire easily as norm, many of us would have chosen this path.
Ppl worked hard to be a millionaire…some even throw down their pride to be where they are now. If u work hard, get the right contacts and with a bit of luck, there is always a chance to be successful. Nothing is easy…just lazy ppl.
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Old 26-06-2022, 09:00 PM
hayle123 hayle123 is offline
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Re: Propnex Millionaires

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Originally Posted by xxFTOxx View Post
Ppl worked hard to be a millionaire…some even throw down their pride to be where they are now. If u work hard, get the right contacts and with a bit of luck, there is always a chance to be successful. Nothing is easy…just lazy ppl.
Some people don't need to work hard, just be a director of 20+ companies, but of course you need to have the connection
  #5  
Old 26-06-2022, 09:15 PM
xxFTOxx xxFTOxx is offline
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Re: Propnex Millionaires

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Originally Posted by hayle123 View Post
Some people don't need to work hard, just be a director of 20+ companies, but of course you need to have the connection
Lol 😂 like joining the MIW?
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  #6  
Old 26-06-2022, 10:15 PM
energy_boi energy_boi is offline
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Re: Propnex Millionaires

Just find it strange. Churn out yearly millionaires.. dunno true or not sia
  #7  
Old 26-06-2022, 10:31 PM
sexcision sexcision is offline
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Re: Propnex Millionaires

In terms of commissions yes. But did they really save all the money? No cost involved?
  #8  
Old 27-06-2022, 01:22 AM
Peacekeeping Peacekeeping is offline
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Re: Propnex Millionaires

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Originally Posted by energy_boi View Post
Just find it strange. Churn out yearly millionaires.. dunno true or not sia
Singapore pools also churn out millionaires every week. Strange meh? If no new millionaires, find who to buy our condo units?
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  #9  
Old 27-06-2022, 11:21 PM
energy_boi energy_boi is offline
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Re: Propnex Millionaires

Oh ok. So it’s true they churn millionaires .. amazing!
  #10  
Old 27-06-2022, 11:28 PM
evoralliart evoralliart is online now
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Re: Propnex Millionaires

Meaningful thread.
Aiks. My late 30s ML already took a liking to a 50 year old Propnex guy already
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  #11  
Old 28-06-2022, 11:48 PM
SwordArt SwordArt is offline
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Re: Propnex Millionaires

Yes, but they are the small portion of the pie.
Just like CEO in big companies, they are also small portion of the pie.
the monthly income tax is like 20~30k.
Good thing is at least they can claim GST for their marketing and other cost.
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  #12  
Old 29-06-2022, 01:11 AM
xxFTOxx xxFTOxx is offline
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Re: Propnex Millionaires

[QUOTE=energy_boi;21406011]Just find it strange. Churn out yearly millionaires.. dunno true or not sia[/

Just Take a look at the COE prices. There’s ur answer
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  #13  
Old 30-06-2022, 12:33 PM
r.fowler r.fowler is offline
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Re: Propnex Millionaires

Quote:
Originally Posted by sexcision View Post
In terms of commissions yes. But did they really save all the money? No cost involved?
Indeed. Yup they bring in millions in commisson but more than half of it goes to marketing. Printer, flyers, kickback to referrers, entertainment and also to make themselves look good in front of a client.
  #14  
Old 30-06-2022, 12:53 PM
thedevil666 thedevil666 is offline
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Re: Propnex Millionaires

I worked as a runner for a annual top 3 agent in one of the top ppty agency donkey years ago..

My boss constantly rake in more than 1mil in sales per year. But bcos I arrange viewings and paper work, no matter how I addd up the sums, they don’t work. After a while then I realize, a lot of the deals are multi cobroke. They could lodge under her name, but is closed by other agents. Ppty agents are like pyramid scheme, the higher u go up, your cut will be more. So probably they dump the sales to my boss so the agency comms is lesser and the agents get a higher share.

Nonetheless my boss is still very rich. The receipts my boss collect for annual income tax claims, can buy a 4/5 bdroom BTO. And that’s like only the receipts my boss can find. Sometimes my boss will ask me whether I got calculate correct or not cause the tax still too high. Haha
  #15  
Old 01-07-2022, 12:11 AM
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lt0l0tl lt0l0tl is offline
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Re: Propnex Millionaires

Can show post some of the millionaire here? We jus have 4 new real millionaire last evening. Toto group 1 winner !
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