When you go online and search for the phrase "definition of scam", these are some of the results you're going to get;
victimize: deprive of by deceit
a stratagem for gain; a swindle
to swindle (someone) by means of a trick
obtaining money by means of deception including fake personalities, fake photos, fake template letters, non-existent addresses and phone numbers
a fraudulent or deceptive act or operation
We can now say that a scam business is the one which normally represents itself to the people in a way that is deceiving (not it's true image) and end up obtaining money through the process.
Now the ask is, is Qnet a legitimate business or just other Scam? Should you get involved with Qnet? Are you going to receive what you have been promised by Qnet, or will you be deceived? Can your dreams verily come true by you participating in Qnet?
Before I answer the above questions, you have to understand that Qnet is just one out of thousands of other Network Marketing companies out there. You should also understand that out of all those companies, some are legitimate companies and some aren't. Some are Network Marketing companies and others are just pyramid schemes. Some are there for the short-term (to rip you off and/or bad management), and some will be there for many decades and centuries to come. So before you determine to get involved in any company, you should understand where the business stands.
7 Things to look for in a Network Marketing business before you get involved
Age of the Company: It is known that 90% of all start-up companies fail in the first 5 years in business. 90% of the remaining 10% also fail in the next 5 years in business. This also applies to all Network Marketing companies. So before joining any Network Marketing company, it is good if the business at least has lasted more than 5 years. 10 years is even much better.
Credibility of the business The credibility of the business is very important. You should ask these questions to yourself. Does the business have any history of taking benefit to their customers or business partners? Does the business have any history of any illegal activities? Is it legally registered? Who has the business worked with? How has the business contributed into society?
Size and increase of the business Knowing how big the business is, is very important. Where are the offices operating? How many offices they have? In how many countries? How many independent representatives/distributors are with the company? That's all important. It shows how stable the business is. But an even more leading ask to ask is, how fast is the business growing? Growths is more leading than the size. There are companies which have been in business since 1970's and they have 7,000,000 Independent distributors and there are companies which have started in the late 90's and they have 6,000,000 Independent distributors. Now which business should you get involved in? It's smart to get involved with the 2nd Company.
Products The type of products the business sells is also important. You should understand that Network Marketing is all about having a large group of distributors promoting and marketing a product to the shop place and sharing the profits from the sale of those products. That's how the business survives and distributors earn a living. We all have to admit that not all products sell the same. When we look at most successful Network Marketing companies out there, the products they promote are in either of the following niche:
Health and Wellness Products (80% of all Network Marketing Companies)
Telecommunication services
Vacation
Gold and Silver numismatics and jewelery (It's a growing trend)
Education (Self improvement, Financial education, marketing etc - a growing trend)
Now the ask still remains. Is Qnet legit or just other Scam? I'll answer this ask by going through my 7 points.
Age of the Company: Qnet has been in existence since 1998 (headquarters based in Hong Kong) so that makes the business stable and it qualifies for 10% of companies which have survived in 10+ years.
Credibility: Is Qnet credible? Lets see -
2000 & 2002 - Worked intimately with Vatican making a Commemorative Coin for John Paul Ii- Worked with the government of Indonesia and received the endorsement of the Bung Hatta Commemorative Coin from He Megawati Sukanoputri - The previous President of Indonesia
2001 - Fao/Un appointed Qnet as exclusive jobber for its gold coin programme to create awareness against world hunger among the public
2003 - Title sponsor for International Badminton Federation (Ibf) World Cup held at Birmingham Uk.
2006 - Worked with Fifa becoming the legal distributors of Fifa 2006 World Cup Coin Programme and Fifa Centennial Coin Programme - Sponsored the Brazilian Soccer team in 2006 World Cup - Title sponsor for International Badminton Federation (Ibf) World Cup held at Madrid, Spain.
I hope this record was informative. Feel free to commentary down below. Tell me what you think. Qnet - Legit or Scam? If you liked this facts please share it with all your friends.
I wish you good luck in your journey,
Your Online Marketing and business Coach,
Dr. Said Said - See you at the Bank!
Qnet communicate - Is It a Legitimate Business?
