If you tell a lie repeatedly, people unaware believe it to be the truth. Such is the case with QNet with few naysayers not bothering to take time-out to understand the reasons behind why educated youth like me have the confidence in the transparency and performance benchmarks of QNET.
QNET is a leading multinational company in the e-commerce, direct selling space with presence in over 100 countries across the globe including India. Headquartered in Hong Kong, we have an eclectic range of products marketed through a wide network base of Independent Representatives (IR) for the past 18 years. QNET offers health and wellness and lifestyle products to its customers through a proprietary e-commerce platform.
The vast base of Independent Representatives in India, coupled with a strong business model, forms the backbone of strategic alliances with reputed national and international brands. Vihaan Direct Selling (India) Pvt. Ltd. is the appointed sub-franchisee of QNET in India.
For all the misinformation being spread, it is worth expounding – Vihaan Direct Selling (India) Pvt. Ltd is a sub-franchisee of QNET in India. It is duly incorporated under the Companies Act, 1956. The Company possesses all valid licenses required to operate its business and adheres to all statutory compliance’s mandated by the laws in force in India.
Currently the company has an IR base of approximately 200,000 registered members. These IRs earn commission as per the compensation plan. An IR receives commission only when a product is sold. The company has a well laid out policy on ethical marketing practices and adheres to it without compromise. QNET has a zero tolerance policy for any misrepresentation of the Company, its products or the business model.
A consumer can go online on the company’s website and buy the product of his/her choice, either as a retail customer using a referral ID of an existing Independent Representative (IR), or register himself/herself as an IR of the Company. QNET compensates its IRs through commissions only and solely on the basis of products sold. This is a simple business of referral which is today being interpreted to be a scam and it is disappointing because many young entrepreneurs could benefit from it.
QNET is a member of few international associations:
- The Direct Selling Associations of Malaysia, Singapore, and the Philippines
- Member of the Hong Kong Health Food Association
- The Health Supplements Industry Association of Singapore
- Through the Indian operations, member of the Health and Dietary Supplements Association (HADSA)
- All nutrition products under NutriplusTM follow the required nutrition certification standards
A great way for entrepreneurs to start their business without much risk is through Direct Selling. The Direct Selling industry has seen a steep incline in growth over the last few years and has received a lot of attention due to its success. The direct selling industry in India has grown to (INR) 75 billion from (INR) 41 billion in the last five years, and is further poised to occupy a dominant position in the international and domestic markets, a report has said. In southern India, Kerala contributes to most of this statistic with a market worth (INR) 700-750 million in 2013-2014. Gujarat, as per a recent study, has a promising growth to around (INR) 5,000 CR by the year 2025. With such encouraging reports, we only expect a positive and hopeful view towards the industry.
As per of Department of Industrial Policy and Promotion, Government of India –
“Direct selling should not be equated with fraudulent financial schemes and should gain government recognition and proper legislation. The industry has a potential to even grow beyond the projected level to (INR) 1,000 billion by 2025. DIPP has already submitted the draft guidelines to Ministry of Consumer Affairs for the same”