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QNet Review – Is It a Legitimate Business?
When you go online and search for the phrase “fraud definition”, these are some of the results you will get;
- victimize: to outwit
- subterfuge for profit; fraud
- to cheat (someone) by a trick
- obtaining money using fraud, including fake personalities, fake photos, fake letter templates, non-existent addresses and phone numbers
- fraudulent or deceptive acts or operations
Now we can say that a scam company is one that usually presents itself to people in a way that is deceptive (not a true image) and ultimately makes money through this process.
Now the question is, is QNet a legit company or just another SCAM? Should you join QNet? Will you get what QNet promised you or will you be cheated? Can your dreams really come true when you participate in QNet?
Before I answer the above questions, you need to understand that QNet is just one of thousands of other network marketing companies out there. You should also understand that out of all these companies, some are legitimate companies and some are not. Some are network marketing companies and others are just pyramid schemes. Some are there for a short time (to rip you off and/or mismanage) and some will be there for many decades and centuries. So before you decide to join any company, you should understand where the company stands.
7 Things You Should Look For In A Network Marketing Company Before You Go
- Company age: It is known that 90% of all start-up companies fail within the first 5 years of business. 90% of the remaining 10% will also fail in the next 5 years of business. This also applies to all network marketing companies. So before joining any network marketing company it is good if the company has lasted for at least 5 years. 10 years is even better.
- Company credibility The credibility of the company is very important. You should ask yourself these questions. Does the company have a history of taking advantage of its customers or business partners? Does the company have a history of illegal activities? Is it legally registered? Who did the company work with? How has the company contributed to society?
- Company size and growth Knowing how big the company is is very important. Where do the authorities work? How many offices do they have? In how many countries? How many independent agents/distributors are there in the company? That’s all that matters. It shows how stable the company is. But the more important question is how fast is the company growing? Growth is more important than size. There are companies that have been in business since the 1970s and have 7,000,000 independent distributors, and there are companies that started in the late 1990s and have 6,000,000 independent distributors. Which company should you join now? It is smart to join the 2nd company.
- products The type of products the company sells is also important. You should understand that network marketing is about a large group of distributors promoting and selling a product in the market and sharing the profits from the sale of those products. That’s how the company survives and the distributors earn a living. We all have to admit that not all products are sold equally. When we look at the most successful network marketing The companies there, the products they promote are in any of the following areas:
Health and Wellness Products (80% of all network marketing companies)
- Telecommunication services
- Gold and Silver Numismatics and Jewelry (It’s a Growing Trend)
- Education (self-improvement, financial education, marketing, etc. – growing trend)
So it is really important to see what products the company has before jumping into this opportunity. It also has to be a product that you like and get excited about. When it comes to selling, emotions are stronger than logic. The more emotional you are about your product, the more you sell.
- Compensation Plan You are in network marketing to make money. Serious money! Time! If the company you’re involved with isn’t paying you good money for building a business, I seriously think you should look elsewhere. You have to pay the bills and send your kids to the best schools. How many dollars can you make if one person joins your network marketing opportunity? $5, $10, $30, $100, $1000? I know companies that pay up to $1700 to hire a single person into the business. Of course they have to buy a product that is worth a lot more than $1700, but hey! people have money to buy expensive things. I don’t know about you, but I really don’t think it’s worth it to be involved in a company where I have to recruit many people to get a small amount of dollars, when I can make ten times more with one person. This is a secret I have found in marketing, if a consumer sees a high value in a product, even if it is a $1000 product, they would love to buy the product and sometimes beg you to (a good example is a car).
- Training: It is a known fact that the best business training can be found in network marketing companies and not in Business School. I suggest you buy Robert Kiyosaki’s book,” Business School “to understand more. It is only in network marketing that you can find a dishwasher who, even with a college degree, will not become a millionaire in less than 5 years. It is really important that the company you join has training, that nurtures you from where you are to where you want to go.
- YOU: This is the MOST important success factor in network marketing. If you want to make it BIG in network marketing, look at the person in the mirror. Do you really want to do this? Do you have what it takes? Are you willing to put your heart and soul into your business? The answer to all your success lies within you. Stop looking elsewhere. Only 10% of network marketing people are making good money and living the life of their dreams. The rest just take up space and complain about everything but themselves. “You can’t fly with eagles if you’re scratching your back with turkeys“You have to choose, either an eagle or a turkey. You can’t be both!
Now the question still remains. Is QNet legit or just another scam? I will answer this question by going through my 7 points.
- Company age: QNet has been around since 1998 (headquartered in Hong Kong), making the company stable and qualifying for the top 10% of companies that have survived for more than 10 years.
- Credibility: Is QNet trustworthy? We’ll see –
- 2000 and 2002 – He worked closely with the Vatican on the production of a commemorative coin for John Paul II. – Worked with the Indonesian government and received the support of the Bung Hatta commemorative coin from JE Megawati Sukanoputri – former President of Indonesia
- 2001 – FAO/UN appointed QNet as the exclusive distributor for its gold coin program to create public awareness of world hunger.
- 2003 – Main sponsor of the International Badminton Federation (IBF) World Cup held in Birmingham, UK.
- 2006 – Collaborated with FIFA and became the official distributor of the FIFA 2006 World Cup Coin Program and the FIFA Centennial Coin Program – Sponsored the Brazilian soccer team at the 2006 World Cup – Main sponsor of the International Badminton Federation (IBF) World Cup held in Madrid, Spain.
And many others. The company has been involved in many things, sponsoring sports, government meetings, giving gifts to many countries in Asia and Africa. It is beyond the scope of this article to mention all. This clearly shows that the company qualifies for my 2nd most important thing to look for in a network marketing company.
- Company size and growth: QNet now has 6 million independent agents and has expanded to more than 180 countries worldwide. The company is only 12 years old. 6 million in 12 years, that’s a great number. This clearly shows that the growth of the company is extremely good.
- Product: QNet promotes wellness, telecommunications, jewellery, numismatics (gold and silver coins) and holiday products. As you can see, these products are the hottest trends. They have captured a great audience that makes their products sell like CRAZY!.
- Compensation Plan: Very few companies pay BIG money when it comes to their compensation. When I say BIG money, I mean up to $1,000 for every person you recruit. QNet pays anywhere from $30 to $1,700 whenever you hire a person, depending on what product they bought. I don’t know about you, but if you ask me, $1700 for every person I recruit is good money. How many companies pay that well? Very little. Another BIG advantage of QNet is that if you buy a product once, you have a business for life. The only money you pay is $10 for your virtual office per year.
- Training: QNet has a sister company called The V. The purpose of The V is to educate, support and train the entire QNet network of over 6 million. They have offices in different parts of the world that offer training and training materials. They produce very powerful video trainings and organize various conferences in different parts of the world. In June this year, they held a convention that was attended by over 8,000 people from 70 different countries, making it one of the largest business gatherings ever held in Malaysia. That’s a good sign. I can assure you that with such training, life would never be the same.
- YOU!: Now the question is, can you be successful in QNet? Do you have what it takes? You are willing to pay the price for success. They say even winning the lottery requires you to get out of the house and go buy a ticket. You can be at the perfect company that has the perfect compensation plan, but if you don’t take this ACTION, nothing will happen. I hope you already have an answer whether QNet is Legit or Scam. Only you can decide what answer you give yourself. I did my part. Your job is for your brain to process it and decide. Legal or fraud?
I hope this article was informative. Feel free to comment below. Tell me what you think. QNet – Legit or fraud? If you liked this information, please share it with all your friends.
I wish you the best of luck on your journey,
Your online marketing and business coach,
Dr. Said Said – See you at the bank!
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