Dennis Wong and his sister are the co-founders of YOR Health, a nutritional products company that has improved the health of numerous Americans. YOR Health is just the latest in a series of successful business ventures for Dennis Wong. Dennis Wong of YOR Health describes the unlikely journey of his carefully assembled team as they attained their goals in the nutritional products world.
Q: How did the story of YOR Health begin?
Dennis Wong: A friend and mentor from China was essential in providing expertise and invaluable advice.
Q: What industry did he recommend becoming involved in?
Dennis Wong: This mentor was supportive in the establishment of a real estate development firm and general contracting company.
Q: What was the name of this company?
Dennis Wong: The company was called Vision Builders. It served the Los Angeles area for 11 years.
Q: How was this success attained?
Dennis Wong: The team positioned itself to purchase substantial amounts of foreclosure properties from the banks when the real estate market crashed.
Q: Why not stay in this field?
Dennis Wong: As the real estate market began to suffer in the United States, the China real estate market was exploding. Therefore, investments were redirected to China.
Q: What types of business trends were prevalent at the time?
Dennis Wong: There was a new trend emerging that involved reselling long distance.
Q: What developed from following this new trend?
Dennis Wong: A telephone company of which I was a part in China grew revenues by more than 150 percent due to the team’s efforts.
Q: How was this knowledge applied to other projects?
Dennis Wong: Eventually the team taught the new corporate management team of this company how to rebuild an effective infrastructure, which completely revolutionized their business operations.
Q: What circumstances contributed to this success?
Dennis Wong: Through the core value of relationships the company was revitalized.
Q: What was the core mission of all businesses improved by the team?
Dennis Wong: The emphasis was on building great relationships, which is imperative for long lasting business.
Q: What happened next?
Dennis Wong: By 2000, the long distance industry had run its course. The decision was made to open our own network marketing company to take advantage of another trend: the Internet boom.
Q: What did the company offer?
Dennis Wong: From 2000-2007 this network marketing company offered various Internet products and services such as web hosting, email services, e-commerce shopping, dial-up Internet service and voice over Internet service.
Q: What partnerships were established from this new company?
Dennis Wong: In 2005, the company held contracts with a few of the largest voice over Internet providers and had a larger reselling territory footprint than Vonage.
Q: What areas were included in this coverage?
Dennis Wong: The company covered most of North America, while Vonage only covered the United States. However in 2007, the company’s monopoly in the voice over Internet industry began to fizzle out.
Q: What was learned from this shift?
Dennis Wong: We determined that these products and services were just not sustainable. The one sustainable aspect is the sales team, so then the focus shifted toward new products in the marketplace.
Q: Why do these team members succeed?
Dennis Wong: They prevail because of the incredible support among all team members and the feeling that they are valued as members of our family.
Q: How will YOR Health progress in the future?
Dennis Wong: The company is firmly entrenched in this new expanding industry as far as network marketing. The innovative products of YOR Health are all presented from this unique marketing platform.