QNet MLM

Bringing in some additional cash is not always a walk in the park. Particularly when it comes to making sales of things in exchange for a fee. You will be led to believe that the only thing required of you is to sell things in order to earn commissions from businesses that use this type of business model. On the other hand, things are rarely so straightforward. One of these kinds of businesses is called QNet, and it sells things using a method called multi-level marketing. You are going to find out in this evaluation of the QNet multi-level marketing opportunity why it is not the greatest choice for you.

What does QNet Multi-Level Marketing

QNet is an Internet service provider that was established in Hong Kong in 1998 by Vijay Eswaran and Joseph Bismark. The QI Group owns the multi-level marketing (MLM) business that goes by this name. Since it was initially purchased in 2005 by QI Comm, a British telecoms company, the business has been the subject of multiple acquisitions and sales in the intervening years.

The company sells a wide variety of products, such as those related to health and wellness, home care, personal care, weight management, energy, and fashion accessories. The company had more than one million independent agents working for it at the time, and it had operations in a number of countries throughout the world. It was reported that sales for 2021 totaled 520 million dollars.

It is interesting to note that the company served as the official distributor of the commemorative coins for the Olympic Games in Sydney in the year 2000, as well as for the Olympic Games in Athens in 2004, and Beijing in 2008.

Are QNet’s Products Really Worth What They Cost?

Although QNet offers a wide variety of products, the number of options available in each category is rather small. I went with the Jewelry category because it has the greatest number of different items.

The Sun & Earth Diamond Pendant is crafted from 18K yellow gold that is interlaced with an 18K white gold, diamond-studded ring. The total weight of the diamonds in the ring is 0.09 carats, and they have H color and SI clarity. This pendant can be purchased for a total cost of $1,080. The item in question is undeniably stunning, but the asking price is very steep. Selling items of this nature will not be easy. Now, let’s take a look at one of the products that is considered to be “less expensive.”

There are two distinct varieties of toothpaste available in the packs. The price of the ProSpark toothpaste is $52 for a pack of six individual tubes of toothpaste. That works out to approximately $8.66 per tube before taxes, shipping, and handling fees are added. A client can purchase three tubes for the price of $27, which comes out to around $9 per tube. There is no information provided on the weight, however I can assure you that you may purchase toothpaste at a lower price elsewhere.

Therefore, in response to the inquiry of whether or not the items are worth the price, I’m going to have to reply no.

The Prospects Offered by QNet

You need a Sponsor in order to become an Independent Representative (IR) for QNet, and you can only do so if you have one. After signing up, you will be required to either sell things to customers or make an order for products to sell to customers. Instruction in various sales strategies as well as other areas of training will be offered.

You can advertise things by holding parties, organizing other events, and placing ads on Facebook pages and other social media platforms.

You are strongly urged to bring on new members to your team so that you may increase your income.

How much does it cost to sign up for internet service?

To become a member of this organization, you are not required to pay any kind of registration fee or to buy any kind of startup kit. It is anticipated that you will become a customer and place an order for products as a result of this interaction.

There are other charges that are not obvious. You are solely responsible for any costs associated with running your business, including but not limited to those related to the use of fuel, the maintenance and repair of your vehicle, and any and all other associated costs. There will be no reimbursement for any of this.

It is possible that you will be responsible for additional expenses, such as shipping costs, taxes, and handling fees, for the products that your clients order.

Is It Possible to Earn Money Using QNet?

Commissions for IRs are determined by the amount of profit made by retailers. Retail Profit is equivalent to the difference between the product’s Maximum Retail Price and its Distributor Price (before taxes, shipping and handling charges).

According to QNet, there are ten different income channels that can be used by employing the four primary behaviors of referring, repeating, rising, and retaining customers. The 10 different avenues of revenue are extremely convoluted.

In order to qualify for RSP commissions, you need to make at least 50 RSP (Repeat Sales Point) every single month. 10,000 RSP = $300.

The information presented in the table below reveals that the initial level is the Bronze Star Level. Let’s imagine you’re successful in bringing on a few more members to your squad and reach the Bronze Star level as a result. You and your team need to sell at least 3,000 BV (Business Volume) points in order to qualify for the $200 in commissions that are up for grabs.

Pros

Commissions Earned Each Week: Commissions earned by you and other members of your team are paid out each week.

There is no prior experience required since all instruction is offered via online video.

No Cost to Join: There is no joining cost, and you won’t even need to buy a beginning kit to get started.

Cons

Minimum Requirements: An IR is required to keep a minimum of 50 RSPs active each month. It’s possible that this includes both retail sales and the IRs’ own purchases of items.

Products That Are Expensive: These products are not within the price range of the typical consumer, hence it will be challenging to sell them.

Fraud Claims: Over 400 independent representatives (IRs) in 20 countries were terminated by Qnet in March 2020 because of allegations of unethical business methods, fraud, and pyramid scheme activity.

Is there a Catch to It?

QNet is a company that enjoys selling franchises to local companies. In this manner, the corporation is able to maintain its current level of revenue while simultaneously being released from all obligation. In the event of fraud or other claims, the local franchise, and not the firm, is entirely responsible for bearing all of the liability.

Although QNet is active in a great number of countries, in some of those countries, such as India, it has been labeled as a Ponzi scam. Although I would be hesitant to label this company as a con, I would strongly suggest that you proceed with extreme care.

A Few Parting Thoughts

If you take the time to read the tiny print, you will discover that a direct selling company like QNet wants you not just to make sales, but also to be a customer of the company’s products and services. This is one of the requirements for being a distributor for the company. You won’t get much of a return on your investment despite spending a lot of money.

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