Overview, company details, product information, news, events, rankings and Rep listings for QNET.
QNET is a Hong Kong-based direct-selling company founded on September 8, 1998, by Vijay Eswaran and Joseph Bismark. The business originally operated as GoldQuest, reflecting its early focus on commemorative gold coins, and later used the QuestNet name before adopting QNET. It is the principal direct-selling subsidiary of QI Group, a privately held multinational organization with interests in direct selling, education, travel, hospitality, retail, and related businesses.
The company has expanded far beyond its original collectible-coin business. Its current product categories include nutritional and wellness products, personal care and beauty items, home and living products, water and air purification systems, watches and jewelry, holiday and travel memberships, educational products, and technology services. Major product and brand names have included HomePure water purifiers, Amezcua wellness products, Bernhard H. Mayer watches and jewelry, Physio Radiance skincare, Nutriplus supplements, and QVI travel products. QNET states that it maintains offices or agencies in approximately 25 countries and sells to customers in a substantially larger number of markets through its online platform.
QNET distributes its products through Independent Distributors, historically called Independent Representatives. Participants can earn the difference between retail and distributor pricing, commissions based on Business Volume generated through product sales, Repeat Sales Points from continuing purchases, and additional bonuses tied to rank advancement, team performance, and sales incentives. The compensation structure is multilevel: distributors can build organizations of other distributors and earn commissions from qualifying sales produced within those organizations. Current ranks begin with Bronze Star and progress through higher Star ranks, with continuing sales and rank-maintenance requirements applying at various levels.
Company Goals
QNET's vision is ''to be the global eCommerce leader within the direct selling industry, leveraging this position so as to be a positive influencer in the development of sustainable and professional network marketing communities around the world.''
Enrollment Options
New QNET Independent Representatives may enroll with the purchase of a one-year IRship Package, which includes an online Business Planner and Product Portfolio consisting of multimedia presentations, videos and brochures. New Independent Representatives also receive access to a virtual office, a personal website, eStores for product sales and purchases, and tools to help promote their business.
Compensation Plan
QNET's binary compensation plan gives Independent Representatives the opportunity to earn retail profits, commissions on downline sales, and various bonuses.
Vijay Eswaran and Joseph Bismark
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Feburary 7, 2014, Mumbai -- Enforcement Directorate, an Indian agency that investigates economic crime,registered a case naming QNET Ltd and four independent representatives of the company and charging them with money laundering. A statement by QNET called the money-laundering charges 'preposterous and completely baseless' and added that it is 'fully compliant with the rules and regulations of...
Eight team leaders of QNet were arrested in Mumbai on Friday, charged with cheating investors and forgery.The Economic Offenses Wing of the Mumbai police has been investigating QNet since August, when an investor filed a complaint against the company. At that time, the company's bank accounts were frozen and the company's offiers were charged with duping investors....
Hong Kong October 04, 2013 -- Prominent Asian direct selling company, QNET, celebrated its fifteenth anniversary by getting its staff involved in 15 different community development projects around the world.Driven by the employees in various QNET offices, the fifteen events kicked off a new campaign called Touching A Billion Hearts that was launched by Vijay Eswaran, the founder of QNET. Eswara...
Ho Chi Minh City August 28, 2013 --QNET, one of Asia's leading direct selling companies, has penetrated the Vietnamese direct selling sector by opening a new office here recently. The company, which uses an e-commerce platform, hopes to gain a strong foothold in one of the region's fastest growing markets. QNET firmly believes the direct selling market in Vietnam -- which posted a 12 percent...
May 24, 2013 -- QNET hosted a five-day mega gathering recently that was akin to a United Nations' conference which brought together some 6,000 entrepreneurs from around the world to Malaysia.Held at the Malawati Indoor Stadium in Shah Alam, the event billed as V-Malaysia 2013 attracted participants from over 30 countries including India, Kazakhstan, Kyrgyzstan, Australia, the UAE, Indonesia and...
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