This is an old revision of this page, as edited by Penakunde (talk | contribs) at 07:17, 19 December 2012 (Being a representative of this company, all scams, controversies, frauds have already been proven false, which is not mentioned on this page. Negative adn UNPROVEN literature of Qnet completely override all good that the company is actually doing.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 07:17, 19 December 2012 by Penakunde (talk | contribs) (Being a representative of this company, all scams, controversies, frauds have already been proven false, which is not mentioned on this page. Negative adn UNPROVEN literature of Qnet completely override all good that the company is actually doing.)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)QNet ltd, or QuestNet or GoldQuest or Qi limited, is a Hong Kong based direct selling company owned by the QI Group, since 1998. The company sells a variety of products including energy products, nutrition, watches, jewelry and vacation packages. and is estimated to have a current turnover of more than 2 billion US dollars.
The company's marketing strategy follows a network marketing model, depending on independent representatives to refer its products to consumers and receive compensation based on the sales volume of their referrals and the sales volume of other independent representatives in their teams who are arranged in a binary fashion.
QNet is a member in the Direct Selling Association of Malaysia and Singapore. It has offices in some Asian countries such as Indonesia, India, Philippines and Taiwan. It is one of the top Direct Selling Companies in Asia.
History
QNet is the main subsidiary of the QI Group and was founded in Hong Kong by Dato' Vijay Eswaran in 1998. It was initially known as GoldQuest. QNet operates as a direct selling company providing a variety of consumer products including watches jewellery, holiday packages and energy products.In 2003, the company re-branded to QuestNet. In 2010, the name of the company was shortened to QNet.
Business model
The company's marketing strategy is based on a network marketing model which depends on a group of independent representatives who refer its products to consumers and receive compensation based on the sales volume of their referrals and the sales volume of other independent representatives in their teams who are arranged in a binary fashion.
QNet's business model doesn't have the high cost of start up as a limiting factor, but has high returns depending on the efforts put in by the IR. When an IR recommends the product the customer makes a purchase through QNets online system and the IR receives a commission based upon QNets compensation plan.
The compensation plan operates by the recruitment of customers by existing Independent Representatives (IR). An IR is provided with an ID that gives access to a 'Tracking Centre' (TC) in its computer system through which the IR's sales are tracked. A TC has a left and right customer group. Every customer owns a TC which is then placed on the left or right customer side of the IR's TC. A 'direct' transaction (a customer's personal reference or sale) is counted as one transaction. An 'indirect transaction (someone in the cusomer's TC buys/refers/sells) is also counted as 1 transaction. the company pays $250 each time 3 product sales on an IR's left customer group are matched by 3 product sales on the right.
RYTHM foundation -derived from the acronym 'Raise Yourself To Help Mankind'- is a charity organization created by QI Group.
QNet is a member of the Direct Selling Association of Malaysia,and the Direct Selling Association of Singapore.
Products
One of the products being marketed by the company is the Amezcua Bio Disc (also spelled BioDisc and BioDisk) which the company claims can redefine and harmonise the energy of water, greatly maximising its positive affect on the human body. Luxury lifestyle vacations operated under QVI Club are amongst the fastest selling services of Qnet.