GoldQuest aka QuestNet gold scheme (some call it a scam) is the buzz that is taking rounds in Bangalore nowadays. Not that it hasn’t been around, but sounds like it has caught up once again. Last week one of my friend pulled me over for one such meeting where the talented marketers tried to convince me to enroll for this questnet business. I made an attempt to understand this is all about and how it works. After analyzing it thoroughly, it made me wonder how the so called ‘intelligent IT’ folks are falling prey for a vulnerable business model in which QuestNet is operating.
Let me write here on what I mean by vulnerable business model. To become a QuestNet ‘partner’ (business term), one needs to pay about INR 33k. By paying so, you become the privileged owner of a ‘Gold Coin’ of about 6 grams – this costs about INR 6k. They claim to have numismatic value for all the coins that they are giving away. I need to reiterate the actual meaning for numismatic here, refer to wikipedia for more information. Usually, gold coins get high value over a period of time – probably not in the life span of one generation. Also, I did a bit of search on EBay and other internet sites to figure out how much value these questnet coins can fetch. To my surprise, there were neither bidders nor any proof of a successful selling of such a coin. Now the net loss for an individual by becoming ‘business partner’ is INR 27k. Now they propose a multi level marketing (MLM) plan to make up your lost money. This goes something like this – Introduce a couple of people as partners and you attract a commission Rs 1916/- per head. Let us assume you introduced A & B. Now to reclaim your money in the form of commission, ask those 2 folks to introduce another 2 each – say A introduces A1, A2 and B gets in B1, B2. This sequence goes on to get your already paid partnership money in the form of a “Interest free commission”. There is a catch again, one need to keep introducing new people in the counts of 3, 6, 9, 12, 15…. in a group. If anyone fails on either side of the binary tree, progress halts. In turn this cuts short the money you have already paid. Now, let me put it in mathematical form.
This diagram (thanks to Wikipedia) represents what i have explained all this while. It is mathematically proved that the Number of nodes with two children is always less than half the total number of nodes – Well known as ‘Binary Tree Fact’. All the people who enter such a business model at the very early stages are the lucky ones. They will get to spread and introduce new ‘Partners’ to the chain. However, over a period of time this will reach the saturation level. This is very well shown in the diagram. If you observe the Blue circles, they are the one who joined in the early stages. They represent 11.8% percent of overall population while the circles indicated in Red counts to 88.1%. Hence the top 12% gets benefited from this kind of business model while the alarming 88% will be on the losing side. Think twice before you get in to this kind of businesses.
It is up to you to decide on whether you belong to profitable 12% or loss making 88% depending on how you take it to the next level. Why to become a fool by depositing your hard earned money with someone and they try to get it back by putting others in a fix? If you want to lose your friends and start looking at everyone including friends, relatives, co-workers etc., as targets, then this business is for you. Is this justified trap others to get back your own money in the form of commission? It will kill your good relationship with everyone around you, value of which cannot be quantified. No matter how much you make, you need people and time to enjoy in the society. Even in this material world, money is not everything. There is always life beyond making money, at least not at the cost of making others fools too. Think again.. do you really want to get in?
leafy says
I’m a member of the QN introduced by a close friend, while joining i didn think abt the company, working procedure anything. but when my friend told me to bring my contacts into the QN presentation my heart did not agree for that!!
Reasons are:
1)when i thoroughly analyze the business my self, i conclude my self as “Its a legal business but not ethical”
2)I dont want any of my contacts to get into it just because i need to earn some money on the cost of others trust and feelings.
3)I agree with mohan
Someone up in the blog ask abt the other MNC Companies..let me clarify one thing which I think i’m right on it,
Example:If you earn 1k in any profession in return you will do productive work for the nation which helps in nation development and also it reflects in economy.(consider any business)
In QN if you earn 5L per week also can anybody explain how it will reflect in nation development and economy growth?? its a easy money.. in my terms its a money that does not have a true value.
leafy says
I’m a member of the QN introduced by a close friend, while joining i didn think abt the company, working procedure anything. but when my friend told me to bring my contacts into the QN presentation my heart did not agree for that!!
Reasons are:
1)when i thoroughly analyze the business my self, i conclude my self as “Its a legal business but not ethical”
2)I dont want any of my contacts to get into it just because i need to earn some money on the cost of others trust and feelings.
3)I agree with mohan
Someone up in the blog ask abt the other MNC Companies..let me clarify one thing which I think i’m right on it,
Example:If you earn 1k in any profession in return you will do productive work for the nation which helps in nation development and also it reflects in economy.(consider any business)
In QN if you earn 5L per week also can anybody explain how it will reflect in nation development and economy growth?? its a easy money.. in my terms its a money that does not have a true value.
Indian says
Just think my friends how much money you are sending from india to foreign countries by this business model and a single man sitting at the other side of the table are using few indians to make others fool.
Be aware of that!!
Hope you would understand the same where there is no value addition in this business model and some one making fools with few of our hands.
Prashanth&Kripa says
Hey Mohan we are also in banglore tomorrow n we would like to meet u up. We r pretty much impressed abt ur analysis regarding the business. Its so impressive that u ve taken pains to know what this business is all abt. we dont want to meet u as a prospest but as a friend we would like to meet u. Just decide a common place. u can contact me in my mail ID prashanth_dgv@yahoo.co.uk kripa_s7@yahoo.com ..What I would tell u is that this is an opportunity giving business where u also earn along with u our TEAM . Even we were like u but we also made an analysis regarding the business but not alone, along with the one who gave the business opportunity…so that we discussed n came to a conclusion that this is really an opportunity.. this is how it went…..
This is not MLM learn the basic difference between MLM n referral marketing.. But lemme me tell u some thing about the business. This business will not suite every one in this planet earth. Only people who believe in this business n on top of it must have the self confidence only can do this business… this is not a quick rick scheme.. it needs consistency n full commitment. We will not promise that everybody who joins the business will earn They need to have the following
1. Understanding the concept
2. confidence
3. commitment
4. consistency
5. trust
This is a very good analysis but lemme tell you that people who are in blue has come form that red only, n people who r u red will surely become blue if they ve the above mentioned 5 qualities.
Is somebody assuring ur life tomorrow? even who introduced u in the world cannot assure you… Am I correct? N from the way u sent the message i found out that u r well educated. lemme me ask u a quick question. Over all only 60% of people they are clearing the 12th STD.in that 25% of the students r joining only in the 11th n 12th std in that particular school. so they don’t clear 12th std? you mean to say that people are failing so the next batch must not study 12th std? n as per ur comment people who join the business in the early stage earns…. rite? so people u joined 11th n 12th std only in the particular school that is 25% don’t clear their 12th education? they r giving 100%result…. fine if ur not satsified lemme give u one more example.. You posted ur comment on the website with the help of ur computer.What is the cost of the computer u bought for? may be 15k? n u say that the company is not making any profit with your deal? NO as per your comment u say that the company should give the computer at the cost price n should run in LOSS…. May be u would do it and not every body in this world…
“THINGS DON’T CHANGE, YOU CHANGE THE WAY OF THINKING”
Sai says
@ Krishna
Hey Krishna you are right “this is not a rich by night scheme but sure rich scheme”
@Mohan
I am into this and enjoy doing the business. I does not care about any calculations because those who are still doing calculations are wasting more time. After all I am earning money yar, thats it and nothing bothers me. One thing Mohan Just attend a presentation from Quest Net and just do the calculations after that. See yar in India everyone can debate about anything with out even knowing what the debate is about. Even some of us hate Gandhi in spite of the fact that he made us independent. There are pros and cons in every field and what considers most is your attitude towards it. Just come out of the well and meet a person who is success in this business and do the calculations again. Not everyone is success in any business. Only those who can do with an intention to do can succeed.
—
And some one said at the top about Pepsi – see why the hell do we need again to promote (ask our friend to drink pepsi) when the company is already doing that and everyone of us who drink a can of pepsi pays 4 to 5 times more money. That is one type of marketing and QN is different type of marketing.
Do you join in a Job after examining the company profits and calculating if the company will be able to pay the low level cadre. The business is about Referring, if you refer you will get money if not no money (what are the stupid questions like you got 11k back what about the 22k?). Did the company said it will give you the whole amount you invest with out bringing any referrals.
So Mohan come out of shelf and think again, attend a presentation from Quest and listen to what they say and claim and write a review again and Don`t try to filter out my points and write a review again because I DONT CARE, I AM EARNING and I JUST WANT TO EARN.
Take care Guys and enjoy the business
SmartKiller(nick name) says
I was called by one of my relative, who says has good number of team under him, he purchased watch and is getting fast. I went to meeting of the QN and liked the presentation. But I saw many presentations like this, and thought this also same category. But seeing some replies here and other sites, who are confident about the business I am unable to decide whether to register or not. I HAVE NO MONEY. I NEED TO DO SOMETHING TO MY KIDS AND FAMILY. My salary is enough for the present times, but not sure for the future. Unbale to decide whether to invest in this or not. I have some questions, if I satisfy then I want to register. Anyone here, please answer correctly.
1) I see all expensive products in the site. How can we convince the others with this kind of expensive products.
2) I’m not good in marketing, communications, and public relations. After I register, suppose for 6 months or one year, if I fail to join other immediate members because they not convinced or kept pending or not satisfied and many personal reasons, If I fail, what will be the next move or what happens to my money and so called tree flow and pipeline.
3) Can’t I make more than two persons to join? Is it limited to two only?
4) Do I need to purchase regularly to get some levels/points or make others to purchase?
Please answer these and I have some other question which depends on the responses for the above whether to raise or not.
SmartKiller(nick name) says
I was called by one of my relative, who says has good number of team under him, he purchased watch and is getting fast. I went to meeting of the QN and liked the presentation. But I saw many presentations like this, and thought this also same category. But seeing some replies here and other sites, who are confident about the business I am unable to decide whether to register or not. I HAVE NO MONEY. I NEED TO DO SOMETHING TO MY KIDS AND FAMILY. My salary is enough for the present times, but not sure for the future. Unbale to decide whether to invest in this or not. I have some questions, if I satisfy then I want to register. Anyone here, please answer correctly.
1) I see all expensive products in the site. How can we convince the others with this kind of expensive products.
2) I’m not good in marketing, communications, and public relations. After I register, suppose for 6 months or one year, if I fail to join other immediate members because they not convinced or kept pending or not satisfied and many personal reasons, If I fail, what will be the next move or what happens to my money and so called tree flow and pipeline.
3) Can’t I make more than two persons to join? Is it limited to two only?
4) Do I need to purchase regularly to get some levels/points or make others to purchase?
Please answer these and I have some other question which depends on the responses for the above whether to raise or not.
Mohan says
@ Krishna
My learnings in life began with school education where I was always taught theoretically first and then allowed to experiment the learned stuff in practical sessions. Hope the same with each one of you too. India is able to produce huge number of IT professionals because of such a great education system we have in our country.
I believe most of us have a strong background of maths. If we can’t prove it theoretically, there is no way one can prove it practically.
I know for sure, Pro-QuestNet folks haven’t done all these calculations before joining because they were attracted only to the positive things in the initial talks. Reading through this kind of Negative sides must be really a pain for most of the questnet members now as they are struggling hard to get their money back!
Thank you for acknowledging that fact in your last sentence, and the readers are certainly taking a note of all these comments.
Krishna says
Hey Mohan, First of all, please leave your concept of 12% and 88%. Come out of that self made circle. Your so called widipedia calculation is a big mistake.
Please don’t compare other MLMs with Quest Net. First of all, QN is not an MLM because you can open only two legs under you unlike other MLMs where you can have any number of legs.This is an interactive marketing concept which need to be appreciated keeping our minds open. It is apparent that you are totally negative about this concept.
If you want to analyse anything, just go to anyone who succeeded in this business and ask him about the concept.Try to set aside you pre conceived notions while talking to him. Analyse with peace of mind and see whether you can find any positivities in it. Keep in mind that this is not a rich by night scheme but sure rich scheme.
Krishna says
Hey Mohan, First of all, please leave your concept of 12% and 88%. Come out of that self made circle. Your so called widipedia calculation is a big mistake.
Please don’t compare other MLMs with Quest Net. First of all, QN is not an MLM because you can open only two legs under you unlike other MLMs where you can have any number of legs.This is an interactive marketing concept which need to be appreciated keeping our minds open. It is apparent that you are totally negative about this concept.
If you want to analyse anything, just go to anyone who succeeded in this business and ask him about the concept.Try to set aside you pre conceived notions while talking to him. Analyse with peace of mind and see whether you can find any positivities in it. Keep in mind that this is not a rich by night scheme but sure rich scheme.
Mohan says
@ John
Thanks for your suggestions. I feel the same when it comes to an individuals mistake when he/she fail to make money. That is what I am trying to let people know here. You may know many who *earned* from this business -> going back to the calculations as explained before, only top 12% in a tree would be be in that lucky group at the cost of remaining 88% who end up in loss.
I totally agree with you on the fact that the business is really very good for those top 12% of the population as well as for Questnet.
john says
mohan this is a very good business and if you loose here this is not componies fault its your mistake .. i know so many people earned lot from this business .. all the best
john says
mohan this is a very good business and if you loose here this is not componies fault its your mistake .. i know so many people earned lot from this business .. all the best
Mohan says
@Mariyadoss
I have a couple of questions:
1. RYTHM – Are you sure you are Raising yourself to help mankind? You are making money at the cost of others LOSS. If you are a good marketing guy, no doubt you will make money. But at the cost of what? In this kind of chain link schemes, top 12% will get profits most of the times. Could you answer what will happen to remaining 88%? You are directly or indirectly helping Questnet to mint peoples hard earned money. Have you ever thought about it?
2. Company will obviously run in profits -> look at my comment posted above on February 22nd, 2008 at 6:46 am. Talk about the bottom liners..are they making money? Don’t you ever feel ashamed because you are indirectly trapping someone into this unethical business to earn some money?
Mohan says
@Mariyadoss
I have a couple of questions:
1. RYTHM – Are you sure you are Raising yourself to help mankind? You are making money at the cost of others LOSS. If you are a good marketing guy, no doubt you will make money. But at the cost of what? In this kind of chain link schemes, top 12% will get profits most of the times. Could you answer what will happen to remaining 88%? You are directly or indirectly helping Questnet to mint peoples hard earned money. Have you ever thought about it?
2. Company will obviously run in profits -> look at my comment posted above on February 22nd, 2008 at 6:46 am. Talk about the bottom liners..are they making money? Don’t you ever feel ashamed because you are indirectly trapping someone into this unethical business to earn some money?
Mariyadoss says
Hi, friends, this business not for all ok… globelly somany business was there whoever qualified like education, talents, communication and etc., u know what is qualification for this business No.1 believe yourself then u will do, this business i got 6 month back i have finished MBA and working in MNC 5years experience in Accounts field my current monthly income was Rs.15k when it has happen employer expecting 5years experience degree and some extra qulifincation but this business i dont know how to do network business i learn just one month from July 9th 2007 to 30th july from Aug 07 onwards everymonth i got 11.5k this is part time only please think…… my friends (downlines) also getting money, this is life changing business this not for all whoever got confident and dreams.
My company Mission RYTHM – Raise Yourself to Help Mankind and Vision – Defining the Best.
Wish u all the best u gont do it means leave it, dont do like this, one more information, my grand upline paying tax Rs.1crore in 2006. please think around 1500 peoples in chennai getting few lakhs everymonth think somuch cost paying to Govt.
Splender bike cost Rs.15k but selling cost 47k why we r buying? somany cost included like advertisement hordings, tv channels, distributors, dealers, acters, these like of money paid to partnes (who was joined in questnet)
This company turnover also very high around 66group of companies is there in different countries 220.
whoever selling this product through way of mouth advertising company pay somuch of amount.
Thanks
Vinz says
Thanks a lot lot Mohan….Really i am lucky to read ur reviews…Yesterday my friend forced me to this…But i have not joined..After reading this..What i feel abt my friend is…He is a Bull shit…
Vinz says
Thanks a lot lot Mohan….Really i am lucky to read ur reviews…Yesterday my friend forced me to this…But i have not joined..After reading this..What i feel abt my friend is…He is a Bull shit…
Radha Prakash says
Hi,
The only word which I can tell about QuestNet is “NAMBIKE DROHA”.
We trust our friends and jump into this inspite of knowing that their is no clarity about the business. This is the only mistake which everyone might have done. I really pity for this. This is the reward which we get for believing our friends in this business. This company has used a very PRECIOUS relationship among all the relationships in this world, which is called “FRIENDSHIP” to fetch money.
I joined this company trusting my friend. I lost both my money, FRIENDSHIP, Peace of mind and respect in my family.
HURTING ALL THESE MANKIND FEELINGS, I REALLY DONT KNOW WHAT GAIN THIS COMPANY WANT TO EARN…I WONDER HOW SUCH COMPANIES ARE RUNNING OPEN SECRETLY IN THE MARKET.
Radha Prakash says
Hi,
The only word which I can tell about QuestNet is “NAMBIKE DROHA”.
We trust our friends and jump into this inspite of knowing that their is no clarity about the business. This is the only mistake which everyone might have done. I really pity for this. This is the reward which we get for believing our friends in this business. This company has used a very PRECIOUS relationship among all the relationships in this world, which is called “FRIENDSHIP” to fetch money.
I joined this company trusting my friend. I lost both my money, FRIENDSHIP, Peace of mind and respect in my family.
HURTING ALL THESE MANKIND FEELINGS, I REALLY DONT KNOW WHAT GAIN THIS COMPANY WANT TO EARN…I WONDER HOW SUCH COMPANIES ARE RUNNING OPEN SECRETLY IN THE MARKET.
sai says
very well done mohan. My friends have been forcing me to join. I think i will show this analyses to them. Let us try to educate our friends who have fallen trap.
sai says
very well done mohan. My friends have been forcing me to join. I think i will show this analyses to them. Let us try to educate our friends who have fallen trap.
Kallu says
Thanks Nagendra.
I respect all your thoughts.
Once you really start checking the net, you see that blogs were there sicnce QN started and there were many people against the Company. Many programs have come in favour of and against the Company.
Wha do you just talk about Gold of Fools !
They have Vacations on time sharing.
They have Lifestayle products.
They have Watches .
If ever QN faces any problem which they cannot solve, I’ll come back again with my apology.
I AM GOING AHEAD WITH THIS BUSINESS .
Kallu says
Thanks Nagendra.
I respect all your thoughts.
Once you really start checking the net, you see that blogs were there sicnce QN started and there were many people against the Company. Many programs have come in favour of and against the Company.
Wha do you just talk about Gold of Fools !
They have Vacations on time sharing.
They have Lifestayle products.
They have Watches .
If ever QN faces any problem which they cannot solve, I’ll come back again with my apology.
I AM GOING AHEAD WITH THIS BUSINESS .
Nagendra says
Hey Kallu,
All is well said means -> all that questnet shows or projects is only on papers and over mouth to make others fall prey to this chain business. Did you see yesterday’s program on CNN IBN at 9:30pm? That programs name was ‘fools gold’. If you had seen the reality shown on that program, you wouldn’t have face to talk in favour of questnet anymore.
Mohan, thank you very much for such a wonderful description and detailed analysis on this un-ethical business practise. It is shame that our Indian government Finance minister’s wife is in the board of advisors for this scam company. This just gives another twist to how corrupted our country governing body by joining hands with scamsters and fraudsters.
Kallu says
You said it. ALL IS WELL SAID and everyone has the right to give his opinion.
ON is not selling any business, there is an option for business. If anyone wants to take it up well and good, otherwise leave it. NOONE is compelling anyone at all to join QN. IR’s try to sell products of QN and also say that the company is offering a compensation plan. Either the customer can be satisfied with the product or else pursue the options of making some income by selling the products of the Company.
Anyway it was nice to debate on this topic.
Noone can predict tommorow, but I am sure that QN will be there even in the coming years.
Kallu Mash
kallu says
See MOhan, I know you are smart enough to Find out locations, but kindly do not publish personal information as to where I am staying and such !!
Would be very kind of you i you could remove that. This is an open discussion and i do not want my information to be published in the open forum.
thanks in advance
Why do you only think in terms of money transaction. We are selling products like anyone else and getting a commission paid for the sold products. I do not want nor am determined to take others money flow into QN, I only want to sell products and get a commision for the products sold thru my or Leaders in my organisation.
IN many foreign countries, once you buy a credit card and introduce two of ur friends to the bank where you got the CC from they will pay you immediate commissions. I am talking here about World famous banks.
About the Globe population, I myself bought many a products from QN. It is not only one that you buy products and moreover there are many more generations to come.
kallu says
See MOhan, I know you are smart enough to Find out locations, but kindly do not publish personal information as to where I am staying and such !!
Would be very kind of you i you could remove that. This is an open discussion and i do not want my information to be published in the open forum.
thanks in advance
Why do you only think in terms of money transaction. We are selling products like anyone else and getting a commission paid for the sold products. I do not want nor am determined to take others money flow into QN, I only want to sell products and get a commision for the products sold thru my or Leaders in my organisation.
IN many foreign countries, once you buy a credit card and introduce two of ur friends to the bank where you got the CC from they will pay you immediate commissions. I am talking here about World famous banks.
About the Globe population, I myself bought many a products from QN. It is not only one that you buy products and moreover there are many more generations to come.
Mohan says
@ kallu:
Thanks for your thoughts! I apologize if my words were atrocious to you.
I think, people are smart enough to decide what is right and wrong. May be for someone like you who is from a distant country[removed the location info based on user request], amount you invest might be very minor, certainly not for the resident Indians.
I really wish to know what you mean by determination and consistency in your terminology. Are you determined to make someone’s money flow into Questnet for minimal commission you get out of it? And then, that new member adds few more links to get his money back at the cost of others. You call this a success?
How many do you think will be able find people outside our country? Let me take the worst case scenario. Even if all the globe population comes under this questnet scheme, from the initally explained analogy, only top 12% of the population gets to enjoy all the fruits while the remaining will be under non-profit making group.
Now, coming to your Big B and his association with Cadbury, I simply can’t co-relate your argument wrt guilty consciousness. If he is not guilty conscious, it doesn’t mean other’s should!
kallu says
@ MOHAN,
You might suceed with this blog to make some, not join QN, but I can tell you one thing with experience. It’s not the question of me getting my money which I invested, I have got much more in return that what I invested .
The Guys who pull back now after reading your comments, are just losing their time, b’coz these same guys come into Our Business after a couple of months or years. ( written this comment based on true experience )
I am not in here for any debate.
As many have mentioned it even before, Big Companies pay out crores for their Advertisements.
Where do they get back their money from? you and Me.
I hope this to be a healthy discussion and not to hurt other’s. Maybe we could avoid words like stupid, or having brains etc. etc.
You have never ever calculated how much you pay for your bathing soap and then try to go and find out how much the production cost is !!!
I have asked myself a number of times , is it right what I am doing , and the answer was always a yes.
When Superstars like Big B takes Crores from Cadbury’s for a couple of hours he has to act before the Camera, why doesn’t such Guys have any Guilty conscious, .
Many have tried it out in each Industry, whether it be Film, Business, or whatever, but there is no such INDUSTRY where all have suceeded.
. . .
. . .
. . .
Try and join all these points using four straight lines witout lifting your pen from the paper sheet.
If you have done it, well and good, you have started thinking out of your Shell, if not you are still in your shell. Come out and see the world. India is not the only country in this world.
Determination and Consistence is the key to sucess.
Hope that you will avoid Insulting comments !!!
such as Stupin remarks or having brains etc..
prakash says
Hi,
Sorry for the late notice. I heard today was the last day to register to fight against QN but not sure. please read the below.
Some one had filed a case in Bangalore highground police station regarding this QN scheme. My sister was also a member who lost 30K, she went yesterday to the police station and registered her name with the xerox copy of the QN documents. The police personals told my sister to call back in 2-3 days to find out if her money can be returned back.
prakash says
Hi,
Sorry for the late notice. I heard today was the last day to register to fight against QN but not sure. please read the below.
Some one had filed a case in Bangalore highground police station regarding this QN scheme. My sister was also a member who lost 30K, she went yesterday to the police station and registered her name with the xerox copy of the QN documents. The police personals told my sister to call back in 2-3 days to find out if her money can be returned back.
Jack Point says
If you do a cursory search on google you will come up with a lot of information on Gold Quest/ Quest Net/ Qatana.
They have been in trouble in many places and always decamp and move elsewhere leaving thousands without their money.
Quatana is a pyramid scheme. If you look up tghe definition anywhere and compare the scheme then you will understand.
Please don’t put any money into this scheme.
Mohan says
@kallu
I am not writing here to find success by not making people to join questnet, but I write here to ensure that more and more people doesn’t become prey to such an unethical business which yields in evading of our money to an MNC.
Please explain what you mean by “foolish calculations”. If you think reality is foolish, God help those who go by what you are saying. Anyone in the upline can make money in the form of commission by introducing more downlinks to the tree. Once the saturation is reached, how would everyone end up profits?
For example consider this:
India is classified as a ’’low income’’ country by the World Bank with a GNI (gross national income) of $450 per head. Now, QuestNet collects 33,000 INR (~ $825) to become an eligible partner.
1. Now oh great Kallu, could you please explain how many people will be able to afford to it considering the overall Indian population count?
2. Could you please do some maths homework and gather information on how much money is flowing out to Questnet while how much is being given to other top members as commission?
Have some common sense before writing such stupid and misleading comments to get your money back from Questnet.
By the end of 7th level under your tree, there will be 125 people below you, generating a total of ~ Rs,41,91,000/- being pumped into QuestNet. For all the 125 members in your tree, the amount they have paid back is Rs. 2,41,416/-. There by net money going out of public and safely being enjoyed by Questnet by fooling members in your team is Rs 39,49,584/- . Go calculate if you have brains and ability to play with numbers. Now, how many Indians can afford to buy that 33k worth coin?
Hint: Bottom line will be on the losing note as they dont’ find more people who can afford to pay 33k and to join them to their tree once the saturation is reached.
If you still haven’t understood or don’t know what i am talking about, at least talk to your inner-self and ask a question whether what you are doing is right for the society or not.
kallu says
QN is claiming nothing at all.
QN has kept all the promises they have made, and thier only problem was that at the beginning they started or gave the option of partial payment !!!
There are certain Guys who have brought in their near and dear ones assuring them of big money without any effort at all. But these so called “uplines* could not help their near and dear ones by bringing in more prospects.
QN is not something where you can easily make
money. Just like any other business there is lots of effort behind this business. People always tend to bring up Negativity, and these are the Guys who are there where they have started 20-30 yrs back. THINK OTHERWISE. Don’t come up with these foolish calculations . Everyone did not become Ambanis. Not all who have a Doctorate in Finance drive around in Mercedes Benz, but there are others who were determined and hard working who do not have Doctorate, drive around in Ferraris !!!
My Boss by profession is a Cook, but now he has three ferraris , No: of Mercedes Benz. . Big Villas.
So MOhan Many have tried it even before with such blogs but never succeeded.
Chris, ask the person who signed you up to help you with ur business, and don’t go after this 600 US $ which is a baseline for a wonderful pipeline.
Think
Kallu Mash
Jack Point says
Afghanistan has just banned Goldquest, regulators waking up late. It happens when a scheme becomes big and a few thousand victims build up regulators notice it.
Usually GQ just starts up. No approval is sought. In Kabul they had.
The usual modus operandi of Goldquest is this. Their troubleshooter Richard Zinkiewicz issues a statement saying GQ is so surprised that the police mis-understood their little game (having apparently forgotten that several countries have arrested their cheats before) and that GQ is working with the authorities to resolve the matter.
This keeps the downliners lulled into complacency. The upliners meanwhile incite the poor sods into fighting with the authorities, making it as if it is their fault that the pyramid collapsed. The pyramid would have collapsed anyway. People go to the authorities usually when it is about to collapse and they cannot find new people to sell. I mean if there are 3,000 GQ victims in one country, for them to recover their money about 60,000 new ones are needed under the standard scheme. But in reality because the double pyramid has to grow in tandem you need much more as some lines tend to grow faster than others.
That is why I say the loss ratio is very high in the GQ double pyramid. In some cases it could be even higher than 99 percent.
To get back to the subject GQ will then slowly fade out of the picture. They will not return any money. Do you know that any legitimate MLM will return the cash? In fact it is condition of approval in the USA.
The little nit-wits will continue to blame the authorities. However here is a little tip, if you If you paid by credit card, you can always get your money back if you complain within a few days.
Complain to the credit card company and have the payment reversed. Depending on the bank and the country you are in you have not only days but weeks to reverse. Do it quickly.
Jack Point says
Afghanistan has just banned Goldquest, regulators waking up late. It happens when a scheme becomes big and a few thousand victims build up regulators notice it.
Usually GQ just starts up. No approval is sought. In Kabul they had.
The usual modus operandi of Goldquest is this. Their troubleshooter Richard Zinkiewicz issues a statement saying GQ is so surprised that the police mis-understood their little game (having apparently forgotten that several countries have arrested their cheats before) and that GQ is working with the authorities to resolve the matter.
This keeps the downliners lulled into complacency. The upliners meanwhile incite the poor sods into fighting with the authorities, making it as if it is their fault that the pyramid collapsed. The pyramid would have collapsed anyway. People go to the authorities usually when it is about to collapse and they cannot find new people to sell. I mean if there are 3,000 GQ victims in one country, for them to recover their money about 60,000 new ones are needed under the standard scheme. But in reality because the double pyramid has to grow in tandem you need much more as some lines tend to grow faster than others.
That is why I say the loss ratio is very high in the GQ double pyramid. In some cases it could be even higher than 99 percent.
To get back to the subject GQ will then slowly fade out of the picture. They will not return any money. Do you know that any legitimate MLM will return the cash? In fact it is condition of approval in the USA.
The little nit-wits will continue to blame the authorities. However here is a little tip, if you If you paid by credit card, you can always get your money back if you complain within a few days.
Complain to the credit card company and have the payment reversed. Depending on the bank and the country you are in you have not only days but weeks to reverse. Do it quickly.
Chris says
I have paid using credit card, is it possible to reverse the transaction??? i didnt knew…will try today…thanks…
quest says
Chris
You cannot withdraw money from GQ. That is how the cheat/scam/fraud MLM are different from licensed MLM (which are also scams but have enough sales outside the pyramid to justify their existence)
You call your credit card company and reverse the transaction if you paid by credit card.
How did you pay?
quest says
Chris
You cannot withdraw money from GQ. That is how the cheat/scam/fraud MLM are different from licensed MLM (which are also scams but have enough sales outside the pyramid to justify their existence)
You call your credit card company and reverse the transaction if you paid by credit card.
How did you pay?
Chris says
Hey Guys…
I have joined questnet some 3 weeks back…a mistake that i feel….Nevertheless, have you any idea whether i can withdraw/cancel my order with Quest net. Searched there website but they havent mentioned any thing about it….
Chris says
Hey Guys…
I have joined questnet some 3 weeks back…a mistake that i feel….Nevertheless, have you any idea whether i can withdraw/cancel my order with Quest net. Searched there website but they havent mentioned any thing about it….
Dinesh says
One thing all of you should note is the distribution of the commission. If the commission is Rs. 1916/- /head, this same amount of commission is given to all of them in the preceding tree. How is it possible..???
33000/1916 = 17.2
So from this simple calculation it can be noted that, only the amount can be distributed to maximum of 18 people. But Questnet is claiming that the tree is never ending, and the money keeps flowing…!!!!!!
After all these eye opening facts, it is left upto you guys(pro-questnet) to decide upon.
vyshnu says
100% i’ve got conviced with ur analysis. As my frnds have tried so much to convince me but, i 2 thought like u. “THE SECRET OF THIS BUSINESS IS CHEET UR NEAR AND DEAR TO LOOT THEIR MONEY” . MOHAN’s effort in awaking people is very good..i admire u. ONCE AGAIN I’M REQUESTING ALL WHO READ THIS DONT BECOME A BAKARA FOR THIS BUSINESS. “DABBU SAMPAADINCHA TAANIKI ENNO MANCHI MAARGAALU VUNNAYI…SHORT CUTS ALWAYS CUT SHORT U”… 🙂
Mohan says
@ Kalyan :
1. I don’t drink Pepsi/coke. Even if I drink, they don’t ask me to introduce my friends to drink more of it to fetch me some commission.. do they?
2. Could you elaborate on how a person can get 6 lacs every week while people under his tree are also getting profits. Can you prove me wrong from backward complete tree-node analysis?
3. Is it justified that your friend got 11k back from initially invested 33k in the first 3 months? what about the remaining 22k? Did you ever try to analyze how much money is being pumped into this QuestNet from his & sub-tree members?
Considering the fact of what is being invested and what your friend has got back in returns at the cost of making others bakras is certainly not justifiable. Do some calculations oh great indian, we are never poor in maths before joining hands with such companies who make merry of others money.
kalyan chakravarthy.u says
hi friend…i also joined in quest ..just 3 days back…
i heard about it 3 months back but not joined in it….by “reading things” which are similar to u……………………
my friend joined in this bsiness at that time and already earned 11k..
30k for it people is not a big deal…..do u know pepsi manufacturing cost is 20 paise and selling price is 10rupees at any time in your life u shoued at pepsi that its cheating alll.
we are not losing relationships indeed we r helping our friends to get a good life….several of my friends are earning money through this..
AND THE TREE PROVIDED BY YOU MISSED ONE MOST IMP FACTOR THAT…THE MAX MONEY A PERSON CAN EARN A WEEK IS 6LAKS….SO PEOPLE BELOW AT GROUND LEVEL GET BENEFITTED …..WOULD U AGREE WITH ME R NOT..IF YES CONTINUE DISCUSSION…
kalyan chakravarthy.u says
hi friend…i also joined in quest ..just 3 days back…
i heard about it 3 months back but not joined in it….by “reading things” which are similar to u……………………
my friend joined in this bsiness at that time and already earned 11k..
30k for it people is not a big deal…..do u know pepsi manufacturing cost is 20 paise and selling price is 10rupees at any time in your life u shoued at pepsi that its cheating alll.
we are not losing relationships indeed we r helping our friends to get a good life….several of my friends are earning money through this..
AND THE TREE PROVIDED BY YOU MISSED ONE MOST IMP FACTOR THAT…THE MAX MONEY A PERSON CAN EARN A WEEK IS 6LAKS….SO PEOPLE BELOW AT GROUND LEVEL GET BENEFITTED …..WOULD U AGREE WITH ME R NOT..IF YES CONTINUE DISCUSSION…
Archana says
Hey thats a really good analysis. I totally agree with the point you made that at the end of the day its not money that matters but what matters is people who care for you. Hope more and more people read this article so they don’t fall prey to these kind of baseless scheme. One should always earn the honest way and only then can we expect to get any happiness out of it.
Archana says
Hey thats a really good analysis. I totally agree with the point you made that at the end of the day its not money that matters but what matters is people who care for you. Hope more and more people read this article so they don’t fall prey to these kind of baseless scheme. One should always earn the honest way and only then can we expect to get any happiness out of it.
Chakri says
Mohan, I appreciate you for the analysis of the CHAIN BUSINESS. Not only ‘Questnet gold’, but there are many such leg-pulling businesses. And funny thing here is, inspite of knowing the risk, victims (so called intelligent folks) get into trap thinking that they can extend the chain to their relatives and friends and help (fool) them to make money with less effort. Definitely, we are losing relations with this kind of business attitude along with the money. I am one of the fool and felt very bad about the person who pulled me into the trap. People should get aware about such intelligent traps. Also, they should always remember that, “More money can’t be made with Less effort”.
I remember Rajnikant’s dialogue in NARASIMHA (Padayappa) movie –