QNET, a giant in the world of direct selling, is hitting back against allegations that it is a scam. The company has seen impressive growth in recent years, with profits up 65%. But now, QNET is facing intense scrutiny as accusations fly that it is nothing more than a pyramid scheme. Executives at the company say that these allegations are false and baseless, and they are fighting back against what they call “a smear campaign.” So, what is the truth behind the QNET scam controversy?
QNET is a business-to-business network marketing organization focused on long-term self-sustainability. The company sells a variety of products, including jewellery and gadgets, to customers worldwide. But more importantly, QNET offers its members a chance to sell those same products through their own consumer-direct sales channels. This allows members to sell these products and earn commissions and provides them with an opportunity to build their own business by expanding their sales team. Learn more
The net revenue for QNET was $144 million in 2012, which increased to $185 million by 2014. In 2015, that figure was expected to reach $250 million. From the data available, it appears that at least some of the accusations against QNET for running a pyramid scheme are false and baseless.
The company’s goal is to offer opportunities both to its members and customers by emphasizing the development of its brands. QNET does not do any kind of marketing or promotional activities in any offline media, such as radio or television, nor does it conduct any marketing events in cities or towns. This makes the QNET scam to be false.
QNET has 100,000 sales partners across more than 120 countries around the world. The company offers its customers a chance to join an international sales team that is already established and where they can have all their questions answered before making any decisions about joining. They are given access to marketing tools that help them develop their business, and while they do not have to purchase to join, the company does provide a starter kit for free.
QNET is still a relatively young company, but it has experienced significant growth in recent years and has achieved several global certifications. Notably, QNET was recently certified by BVQI as an e-Commerce business, making it the first in its industry to achieve this certification. The company has also achieved ISO 9001:2008, ISO 13485:2003 and OHSAS 18001:2007 certifications and a gold level award from TRUSTe for online privacy practices. Thus, the QNET scam is baseless.
QNET also insists that it does not have any kind of “breakaway compensation plan.” Instead, the company’s payout ratio is only 10%. This low figure comes from selling products largely at spot prices rather than making use of any kind of price markup.