Becoming a market leader in Direct Selling industry is the Qnet Vision. It is a popular direct selling company. They offer an array of products ranging from personal care to holidays.
Qnet uses Multi Level Marketing, wherein they team up with representatives, who promote products to the consumers and get their compensation based on their sale volume. It was a quick money making strategy. Until, Qnet handed down its first strike, the Qnet Fraud.
Qnet Fraud became the talk of the town, but for the wrong reasons. Qnet associates with people to become Individual Representatives, who in turn promote the products to the consumers. The strategy relieved people seeking for a small start up by helping them mint money at a proportional rate. It was a hit! Afterall , who doesn’t want to earn gauranteed returns at a quicker pace? A company that nobody knew about was suddenly ruling the roost, at every nook and corner.
Here’s how Qnet works:
Once associated with Qnet, a person becomes an individual representative (IR). There is a personal online store provided to the IR, along with a tracking centre (TC). The store displays a plethora of products by Qnet. For every sale you make, you are given a commission. Sounds fairly simple, isn’t it? Well it is, as long as you play by the correct rules!
Negative perception of MLM companies:
Multi-level marketing (MLM) industry remains the best option for opportunity seekers. It is the sight of money, people give MLM a try. It is a flexible set-up that no one can resist or refuse to be a part of. You can work as per your convenience, no one burdens you with pressure. People look MLM companies as a part time alternative. You can work anywhere for full time and still maintain your website scores.
Few IRs started slinging dirt on Qnet as they failed to get their desired returns. As a result, stories of fraud started circling the global circuit. Fear loomed in people’s hearts as they contemplated being associated with the company, the investors started backing off.
The truth behind the fraud:
Firstly, all MLM companies are not scammers. Few black sheep in the herd and the assumption that multi-level marketing mirrors Pyramid schemes, has tainted the entire MLM industry. The reason behind the downfall of Qnet is the inability of few to make money. Its not only about investing your money but also your time with it. When few IRs failed to realize the correct way to do the business, they started accusing Qnet of cheating. The truth can always be seeked by looking at both sides of the story. Similarly, if a few are accusing of fraud, there are many many more living a success! To see the truth here, one just has to compare the number of successful IRs to the ones claiming fraud.
Being a significant player in the industry can have an adverse effect. There are times you hit a lull and times when you fly high. Well, Qnet soared high and a false accusation feels like a huge lull for a company like Qnet. Qnet is a part of a company network , which has been around for more than 75 years, providing a luxurious lifestyle to millions associated with it. After understanding the various reasons for the success or failure of a MLM company it is simple to understand that Qnet Fraud is nothing but a false accusation by a bunch of people who fail to understand the working of an MLM.
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