Since the inception of the internet age, it’s become as common to shop online as it is to go to the store. There are websites and auction sites for just about anything. Most people know about Ebay, Amazon and others. Another direct marketing strategy internet based company is Qnet. Formerly QuestNet, GoldQuest, and QI Limited, Qnet is based in Hong Kong. Owned by the QI Group, it’s a multi level marketing direct selling company, also know as an MLM/DS. It was founded in 1998 by Vijay Eswaran in Hong Kong, China. Mr. Eswaran has a reputation as quite the motivational speaker and showman, often using rock-concert style lasers and pyrotechnics when he’s speaking to promote Qnet.
Qnet offers a diverse product line. There are fitness products, such as nutritional and weight management items, personal care and hygiene products as well as fashion, luxury products and more.
Using a direct selling and multi-level marketing model as their selling strategy, Qnet relies on third party independent agents who arranged into teams. They sell the products to the general public. In turn these agents get paid based on a formula that takes into account the volume of sales, their referrals and how well the other team members do.
Mr. Eswaran describes how his company works by saying DS MLM companies such as Qnet allow for people to join the direct selling company so they can buy the products at a lesser cost. Or, if they choose, they can sell retail any of the goods or services the company offers to friends, family, co-workers, etc, and then get paid if, in turn, those same products are promoted or bought by people they know. There is also the chance to earn when the products/services get promoted or purchased by those that have been brought into their “personal network.”
Mr. Eswaran is quick to point out that this is not a pyramid scheme. As opposed to a pyramid scheme company, Qnet offers actual products and services. It takes hard work, dedication and tenacity to be successful in an MLM/DS company. In a pyramid scheme, “employees” get paid only when they enroll other people into the scheme. Reward in Qnet comes from, in simple terms, sales. So it’s not for those looking for a get-rich-quick formula, and the industry is well-regulated.