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?
vinod says
Every one says about pepsi or cola and say mfg cost is 20 paise and cost of pepsi is Rs.10/- Spare a moment for other costs involved. The cost of the land where their manufacturing unit is establised either rent or own. The machinery that was installed incurring huge cost upfront. The labour the support staff the logistics of transportation supply chain. distribution netwoek etc. Understand the amount of jobs created and the contribution to economy. If you simply calculate cost of 200 ml water + cola then the cost would be low. Believe if any business gives you a profit as high as you mentioned every business man would be doing that. Now compare qold quest and what is their investment ? the website and the software ? what else. Without investment 75% of contribution by individual is going to the owners. These coins cannot be limited edition because then there should not be any delay in getting the coins. There is always a delay in getting coins and so the company uses the individuals money to buy coins from the mint and sell it to him at four times the cost. Numismatic value occurs over a period of time and does not happen to private coins which can be replicated easily by any other company.
Hardwork getting returns is fine but a thief cannot say he did hardwork by breaking opening the house and so the booty is hard earned. Ripping off your friend and asking him to rip off others is not ethical business.
Pls check the purity of coin by going to a reputed jeweller like joy alukkas etc and put it under their machine to know the actual quality of gold.
Neo says
Hi that was an excellent analysis, hope the lesser mortals would realise the waste of efforts. Let God bless people will less greed.Hats off to you. Keep the good work going.
Richy says
contd..
People can be cheated here only by those who take up the business here, but not by the business or company. I hope you have been cheated atleast once in your life time by some sales person in some manner. Is it the fault of the company? Can you complaint against the company for this? The answer is NO.
How you will fail?
Here in this business, failure will come only in one way. When you don’t know what the term business means. This is not about sacking two friends of yours and letting them do the sacking.
If you have to be successful, you have to take the
pain and you have to understand that people like me who is into this business don’t believe in sacking our friends. There is no compromise. As long as you don’t lose your commitment, as long as you believe in the system, you are alive.
A Message For Those Who Joined n Feels Cheated:
Try to find out why you feel cheated. Did your friend tell that you can just invest 30K, and then you will get cheque through out your life time. There is no easy way for earning money. What people like me are trying to do is to achieve our dreams by helping yours. It all depends on your attitude. And a Word Of Caution: Never cheat anyone into this business.
Outflow Of Income:
Where your money is flowing when you are purchasing any goods and service of a foreign company? Money flow becomes problem for money chain business, because there is noproduct inflow. Here the company is taking only their profit, just like any other firm, after paying us the deserved commission.
For Those Who think that We are Fools:
It is just the other way around.
Richy says
contd..
People can be cheated here only by those who take up the business here, but not by the business or company. I hope you have been cheated atleast once in your life time by some sales person in some manner. Is it the fault of the company? Can you complaint against the company for this? The answer is NO.
How you will fail?
Here in this business, failure will come only in one way. When you don’t know what the term business means. This is not about sacking two friends of yours and letting them do the sacking.
If you have to be successful, you have to take the
pain and you have to understand that people like me who is into this business don’t believe in sacking our friends. There is no compromise. As long as you don’t lose your commitment, as long as you believe in the system, you are alive.
A Message For Those Who Joined n Feels Cheated:
Try to find out why you feel cheated. Did your friend tell that you can just invest 30K, and then you will get cheque through out your life time. There is no easy way for earning money. What people like me are trying to do is to achieve our dreams by helping yours. It all depends on your attitude. And a Word Of Caution: Never cheat anyone into this business.
Outflow Of Income:
Where your money is flowing when you are purchasing any goods and service of a foreign company? Money flow becomes problem for money chain business, because there is noproduct inflow. Here the company is taking only their profit, just like any other firm, after paying us the deserved commission.
For Those Who think that We are Fools:
It is just the other way around.
Richy says
Hi Mohan,
First of all i would like to introduce myself as one of the Quest Team member who joined ‘just one month back’.
I started reading this blog from the start, but unfortunately I couldn’t finish it and i’m not sure where you people’s opinion has reached now. I have seen u telling this business is going to tear apart your friendship, relations all sort of things. But have you ever thought, what sort of business QuestNet is doing?
I’m sure that you are into some sort of prejudice, which is not letting you think out of the shell.
What’s the Business?
So just come out of the shell you are in, to realize that the business we are doing is Referral Marketing. QuestNet is just like any other MNC, the only difference being the marketing technique which has been adopted. Referral Marketing is slowly getting into the blood of all biggies as they understand the real potential behind it. I’m not into explaining much about referral marketing, coz just a google search will provide you the details of the same.
Y i joined?
As i said i joined one month back, not because my friend invited me, but only bcoz i realized what this business is all about. I know there is chance that I can end up losing the whole money. But i’m determined to take up the risk of this.
Ethical or Not?
I have seen some of you telling that this business is not ethical. Can any of you tell what is not ethical in this. Company is selling some products and we are promoting it and earning the commission. Is it ethical or not? But this becomes unethical when people try to cheat others into business. Whenever I approach any of my friends, i let them know the pros n cons of this business. If they feel that they can stand as tall as i’m feeling, they’ll join hands with me. And i’m sure that i’ll give my best for him to get him success. So can you please tell what is not ethical here?
contd..
Richy says
Hi Mohan,
First of all i would like to introduce myself as one of the Quest Team member who joined ‘just one month back’.
I started reading this blog from the start, but unfortunately I couldn’t finish it and i’m not sure where you people’s opinion has reached now. I have seen u telling this business is going to tear apart your friendship, relations all sort of things. But have you ever thought, what sort of business QuestNet is doing?
I’m sure that you are into some sort of prejudice, which is not letting you think out of the shell.
What’s the Business?
So just come out of the shell you are in, to realize that the business we are doing is Referral Marketing. QuestNet is just like any other MNC, the only difference being the marketing technique which has been adopted. Referral Marketing is slowly getting into the blood of all biggies as they understand the real potential behind it. I’m not into explaining much about referral marketing, coz just a google search will provide you the details of the same.
Y i joined?
As i said i joined one month back, not because my friend invited me, but only bcoz i realized what this business is all about. I know there is chance that I can end up losing the whole money. But i’m determined to take up the risk of this.
Ethical or Not?
I have seen some of you telling that this business is not ethical. Can any of you tell what is not ethical in this. Company is selling some products and we are promoting it and earning the commission. Is it ethical or not? But this becomes unethical when people try to cheat others into business. Whenever I approach any of my friends, i let them know the pros n cons of this business. If they feel that they can stand as tall as i’m feeling, they’ll join hands with me. And i’m sure that i’ll give my best for him to get him success. So can you please tell what is not ethical here?
contd..
Mohan says
All your questions have been very clearly explained in blog either in the form of a blog article or as a comment. Read through… you will know what you are talking is absolutely rubbish. I don’t want to repeat the whole stuff again and again.
Btw., I have moved my blog to a new address and you can find all the questnet related blog articles at http://codecritic.in/blog/index.php/tag/questnet
Mohan says
All your questions have been very clearly explained in blog either in the form of a blog article or as a comment. Read through… you will know what you are talking is absolutely rubbish. I don’t want to repeat the whole stuff again and again.
Btw., I have moved my blog to a new address and you can find all the questnet related blog articles at http://codecritic.in/blog/index.php/tag/questnet
Sunny says
woow again a great Q – great research….
“let us asume that this world has 1000 people” what an assumption boss… hey plz can u give some answers to these questions…
1) give me a year number by which there will be no graduates or passouts or no chance of births.
2) give me year where there will not be any employment oppurtunity/requirement in companies.
3)give me a year where there will not any thinking brains which are loooking for some change in Living LIFE.
4) give me year where the total people become financially fit or saturated or will not think of earning money.
common increase your Vision.. know the world
1) what if all the companies stop emplyment.
2) what if 1 rupee becomes equal to 1$.
3) what if there is no work in the world to do.
4) what if the world ends.
hahahhahaha hey why do u say company is taking all the amounts back to its country.
do u know that any foreign company which does business in INDIA has to reInvest some amount of its profits into INDIA. check the company sites, u will find how much company is investing into india for this termunder QI. its $220M….. go on.. check the sites…………..
Sunny says
woow again a great Q – great research….
“let us asume that this world has 1000 people” what an assumption boss… hey plz can u give some answers to these questions…
1) give me a year number by which there will be no graduates or passouts or no chance of births.
2) give me year where there will not be any employment oppurtunity/requirement in companies.
3)give me a year where there will not any thinking brains which are loooking for some change in Living LIFE.
4) give me year where the total people become financially fit or saturated or will not think of earning money.
common increase your Vision.. know the world
1) what if all the companies stop emplyment.
2) what if 1 rupee becomes equal to 1$.
3) what if there is no work in the world to do.
4) what if the world ends.
hahahhahaha hey why do u say company is taking all the amounts back to its country.
do u know that any foreign company which does business in INDIA has to reInvest some amount of its profits into INDIA. check the company sites, u will find how much company is investing into india for this termunder QI. its $220M….. go on.. check the sites…………..
Chintan says
@ Mohan …
Hey Mohan.I am writing this to thank you.
Unfortunately i dint read your blog before I invested money in Quest.I read it next day.And after reading it i decided not to drag any of my friends and relatives in this.Even if I try to get my money back I’ll be making at least 6 people loose their money.They might not be my friends or relatives.But they will be connected through me ??!! I might make good money out of it.I would even make sure that my friends & relatives whom i asked to invest with me in this thing get their money back.But there will be people below them who will be getting stuck for sure.OK, they have no one to blame, but I cant live with the fact that it was ME who did this.As you said, they are targeting Middle Class (young, with lots of dream & desire to earn money) people.So i know very well what 30K means to ME.And if I don’t try to recover my money I would be helping at least 6 people.That means in all 1.8 lacs. And that is good enough for me to forget about my 30K.
So finally i would like to say that I don’t care if people says that “you should at least try and recover your money” … but friends i cant do that.Just imagine that if there are 100 people below me, then amongst them 75 wont get anything out of it!!!! Thats a scary thought.
There is no easy money. And if it is there then keep in mind that somebody else is suffering as you are enjoying that money.
Thanks Mohan. Thanks a LOT ….
You doing good work.
All the best.
Chintan says
@ Mohan …
Hey Mohan.I am writing this to thank you.
Unfortunately i dint read your blog before I invested money in Quest.I read it next day.And after reading it i decided not to drag any of my friends and relatives in this.Even if I try to get my money back I’ll be making at least 6 people loose their money.They might not be my friends or relatives.But they will be connected through me ??!! I might make good money out of it.I would even make sure that my friends & relatives whom i asked to invest with me in this thing get their money back.But there will be people below them who will be getting stuck for sure.OK, they have no one to blame, but I cant live with the fact that it was ME who did this.As you said, they are targeting Middle Class (young, with lots of dream & desire to earn money) people.So i know very well what 30K means to ME.And if I don’t try to recover my money I would be helping at least 6 people.That means in all 1.8 lacs. And that is good enough for me to forget about my 30K.
So finally i would like to say that I don’t care if people says that “you should at least try and recover your money” … but friends i cant do that.Just imagine that if there are 100 people below me, then amongst them 75 wont get anything out of it!!!! Thats a scary thought.
There is no easy money. And if it is there then keep in mind that somebody else is suffering as you are enjoying that money.
Thanks Mohan. Thanks a LOT ….
You doing good work.
All the best.
leslie says
YOU KNOW SOMETHING MOHAN, THERE IS A DIFFERANCE IN PASSING YOUR GRADUATION AS YOU SAID…….
YOU CAN PASS IT IN ONE GO LIKE ALL BRILLIANT AND UNDERSTANDING PEOPLE DO. WHO DONT NEED YOU ADVISE. AND THERE ARE MANY WHO PASS THEIR GRADUATION AFTER 2 OR 3 ATTEMPTS BUT THEY PASS. IF YOU ARE SMART ENOUGH YOU WILL UNDERSTAND WHAT I AM SAYING.
leslie says
Hi every body,
I was just going through comments made about quest net and how the way it functions and the faults of the company.
one think i understand very clear and that in every thing that person does, if he is not doing it with his heart and mind he is always a looser. be it any company or any proffesion. A PERSON WHO STANDS IN THE CROWD AND MAKES OBJECTIONS ABOUT HOW COMPANIES SHOULD FUNCTION AND WHO IS RIGHT AND WHO IS WRONG ARE THE BIGGEST FAILURES IN LIFE AND HAVE NO RIGHT TO DEBATE ON SUCH TOPICS. i think among the kids who are debating here i have seen the world and the jobs opportunities much better than what you have seen. especially my friend Mohan i dont think you have alos done YOUR BA or MBA but you think you have all the knowledge.Let me say every company that Pays you Will expect you to work and they will also make money from you. Try opening your own company and give people 80% of your profit and see. every company is here to make money and also give money, its how you take it and how much you can drain from it. I work for a multinational company having its office in UK. the company is paid in Dollars for each Staff, but when we are paid in Rupees by the company its peanuts, so the company takes the maximum and we Work or self 8 hrs a day. yes this is a busines where we help one another and that is how we get our money at least the product we buy allows us to recover the amt we have invested, and also why we would expect the company to pay us more.Now coming to the people who work below us, not all People we get are hardworking they here about the money they know it is there but dont want to make the effort, many are like you who have nothing else to do but to Critisize the companies and the functioning. Even a doctor does not get the right to prescribe medicines for a patient untill he is a certified Doctor with a degree. And the Same is for a Teacher ho is not qualified in his line.
My request to all People is that Today in country we have so much of unemployment that people have the time to Take faults of companies but would still not like to help in the growth of a person. TODAY WE GET DISCOURAGED VERY EASLY THAN BEING INCOURAGED.
leslie says
Hi every body,
I was just going through comments made about quest net and how the way it functions and the faults of the company.
one think i understand very clear and that in every thing that person does, if he is not doing it with his heart and mind he is always a looser. be it any company or any proffesion. A PERSON WHO STANDS IN THE CROWD AND MAKES OBJECTIONS ABOUT HOW COMPANIES SHOULD FUNCTION AND WHO IS RIGHT AND WHO IS WRONG ARE THE BIGGEST FAILURES IN LIFE AND HAVE NO RIGHT TO DEBATE ON SUCH TOPICS. i think among the kids who are debating here i have seen the world and the jobs opportunities much better than what you have seen. especially my friend Mohan i dont think you have alos done YOUR BA or MBA but you think you have all the knowledge.Let me say every company that Pays you Will expect you to work and they will also make money from you. Try opening your own company and give people 80% of your profit and see. every company is here to make money and also give money, its how you take it and how much you can drain from it. I work for a multinational company having its office in UK. the company is paid in Dollars for each Staff, but when we are paid in Rupees by the company its peanuts, so the company takes the maximum and we Work or self 8 hrs a day. yes this is a busines where we help one another and that is how we get our money at least the product we buy allows us to recover the amt we have invested, and also why we would expect the company to pay us more.Now coming to the people who work below us, not all People we get are hardworking they here about the money they know it is there but dont want to make the effort, many are like you who have nothing else to do but to Critisize the companies and the functioning. Even a doctor does not get the right to prescribe medicines for a patient untill he is a certified Doctor with a degree. And the Same is for a Teacher ho is not qualified in his line.
My request to all People is that Today in country we have so much of unemployment that people have the time to Take faults of companies but would still not like to help in the growth of a person. TODAY WE GET DISCOURAGED VERY EASLY THAN BEING INCOURAGED.
Mohan says
@Baranitharan
Well done! Read all the answers one after the other and see if you can understand with your useless and failed graduation brain which has no thinking capability.
1. Do you know that Vijay Eswaran completed his higher education in leading universities in UK and the USA? People like you having no thinking capability obviously fail to understand the trap. Still it makes me wonder, how fool of you to spend such a huge amount of money on education and still not able to realize what is scam and what is not.
2. People who can’t achieve things in life commit suicides in hostility, certainly not the smart people who have the right attitude in life. Earning money is not everything is life.. But it is about living happily with what you have rather than to aim at unrealistic money at the cost of other peoples foolishness just like the way you are trapped into now.
3. You tell people to work hard to get their money back. Well, if you had done the same thing in your school or college days, you wouldn’t have had to spend 2+lacks on education. Plus, you would have understood the MORAL and ETHICAL values in life. There by with the gained APPROPRIATE knowledge, you wouldn’t have become of fool to invest your money in questnet.
4. Let us assume this world has about 1000 people. Even if all those 1000 people join, the bottom 500 would never get back the money they have invested. They would be always in the losing side. Did your “GRADUATION FAILED BRAIN” ever get to think about it?
5. Aren’t you feeling guilty that you are indirectly affecting in making someone to fall prey of this scam? I know this is a bad question to you since your brain doesn’t function the RIGHT way, but looks only at fulfilling your own GREED.
6. Oh! by joining questnet, TRUST comes to you at the cost of 30,000 INR? For human beings like me, trust comes with no price tag attached to it. I can only pity you for the kind of BRAINWASH you have gone through. Get Well Soon dear freind.
7. Of all the things, you tell readers not to visit my site? Why scared of the truth? Scared that you wont get back your already invested money? People are smart enough to take the right decision my friend, most of them have cleared their graduation without having to fail like YOU.
Last but not the least for you… Never late to realize the truth that questnet brings up an economical imbalance in the society by draining out Indian rupees into a foreign market. Don’t be a loser. Think right and Think ETHICAL.
Update as on 14th April ’08
Friends, i am decommissioning this blog here and moving to a my new site at http://codecritic.in. I have moved all the posts to the new blog and see you all there.
Mohan says
@Baranitharan
Well done! Read all the answers one after the other and see if you can understand with your useless and failed graduation brain which has no thinking capability.
1. Do you know that Vijay Eswaran completed his higher education in leading universities in UK and the USA? People like you having no thinking capability obviously fail to understand the trap. Still it makes me wonder, how fool of you to spend such a huge amount of money on education and still not able to realize what is scam and what is not.
2. People who can’t achieve things in life commit suicides in hostility, certainly not the smart people who have the right attitude in life. Earning money is not everything is life.. But it is about living happily with what you have rather than to aim at unrealistic money at the cost of other peoples foolishness just like the way you are trapped into now.
3. You tell people to work hard to get their money back. Well, if you had done the same thing in your school or college days, you wouldn’t have had to spend 2+lacks on education. Plus, you would have understood the MORAL and ETHICAL values in life. There by with the gained APPROPRIATE knowledge, you wouldn’t have become of fool to invest your money in questnet.
4. Let us assume this world has about 1000 people. Even if all those 1000 people join, the bottom 500 would never get back the money they have invested. They would be always in the losing side. Did your “GRADUATION FAILED BRAIN” ever get to think about it?
5. Aren’t you feeling guilty that you are indirectly affecting in making someone to fall prey of this scam? I know this is a bad question to you since your brain doesn’t function the RIGHT way, but looks only at fulfilling your own GREED.
6. Oh! by joining questnet, TRUST comes to you at the cost of 30,000 INR? For human beings like me, trust comes with no price tag attached to it. I can only pity you for the kind of BRAINWASH you have gone through. Get Well Soon dear freind.
7. Of all the things, you tell readers not to visit my site? Why scared of the truth? Scared that you wont get back your already invested money? People are smart enough to take the right decision my friend, most of them have cleared their graduation without having to fail like YOU.
Last but not the least for you… Never late to realize the truth that questnet brings up an economical imbalance in the society by draining out Indian rupees into a foreign market. Don’t be a loser. Think right and Think ETHICAL.
Update as on 14th April ’08
Friends, i am decommissioning this blog here and moving to a my new site at http://codecritic.in. I have moved all the posts to the new blog and see you all there.
Baranitharan says
KINDY HELP ME I LOST 2 LAKHS:From my child hood to graduation, my father spent around 2 lakhs for my education alone. But i failed in graduation, now i’m jobless.Like me,most of my friends too.One of my friends committed suicide.I hate this education system.I feel that Mr.Mohan is the godfather of people who failed and lost money,I need his help to get back the 2 lakhs which my father spent from our government.Also I request him to create a blog to ban education system and to close all schools and colleges.Let us not cheat our children that if you study you will get job or let us not make some students commit suicide, or let us not waste money for any father so far… Mohan sir, please help India…
Baranitharan says
KINDY HELP ME I LOST 2 LAKHS:From my child hood to graduation, my father spent around 2 lakhs for my education alone. But i failed in graduation, now i’m jobless.Like me,most of my friends too.One of my friends committed suicide.I hate this education system.I feel that Mr.Mohan is the godfather of people who failed and lost money,I need his help to get back the 2 lakhs which my father spent from our government.Also I request him to create a blog to ban education system and to close all schools and colleges.Let us not cheat our children that if you study you will get job or let us not make some students commit suicide, or let us not waste money for any father so far… Mohan sir, please help India…
Kaarthic says
Hi
one think I understood that QN playing with mankind feelings like their dreams.That means QN indirectly forceing you to protective to non protective.
The company will provide you with extencive materials ,teaching you to persuade others to join.Ofcourse the techniques of persuation can be very useful in buisness and many other areas of life,so even if you lose money atleast you may develop a useful skill.
Ofcourse people are spend their time and money as they choose.However, from a broder point of view,a socity suffers when smart,hard working citizens leave school or quit their jobs to devote themselves to unprodective work.
This is what I dislike this companies.
Don’t just believe anything anyone says,think for your self.
Whatever you conclude,be sincere.Discuss pros and cons openly with others,so you can all better informed.
Only risk money you can afford to lose and whatever you do don’t borrow money to join.Don’t risk putting yourself in that position.
Kaarthic says
Hi
one think I understood that QN playing with mankind feelings like their dreams.That means QN indirectly forceing you to protective to non protective.
The company will provide you with extencive materials ,teaching you to persuade others to join.Ofcourse the techniques of persuation can be very useful in buisness and many other areas of life,so even if you lose money atleast you may develop a useful skill.
Ofcourse people are spend their time and money as they choose.However, from a broder point of view,a socity suffers when smart,hard working citizens leave school or quit their jobs to devote themselves to unprodective work.
This is what I dislike this companies.
Don’t just believe anything anyone says,think for your self.
Whatever you conclude,be sincere.Discuss pros and cons openly with others,so you can all better informed.
Only risk money you can afford to lose and whatever you do don’t borrow money to join.Don’t risk putting yourself in that position.
Baranitharan says
This is the voice of the failures and lazy people..No business is wrong, only the people doing it in wrong way..People are ready to smoke/drink waste time with their friends and spoil the life of friends and themselves.. but they are not ready to use an opportunity to get a better life given by a friend…If we lost money, we can earn back.. but if u loose time u cant… In quest net we say u can earn “Time freedom” which you can get from only network marketing… If this industry is wrong then how 1200 companies are running successfully in US alone.. Are all fools?It is absolutely wrong that only people joined earlier will get more money,the truth is people who work hard will earn more.. I’ve earned more money than my upline…Some people joined after me also earned more…Open your mind,making such blogs wont give any result to your life or it wont stop the success of Questnet…For the people joined and not doing successfully, my advice is start doing the business from today seriously, meet the people who are already earning cheques more, that is the best way to become successfull in life… Life is only once, dont die as a failure person,, there is no time limit.. even if you start doing 3/3 from today you will get 11,500..In our presentation we say if you do 3/3 only you will be paid.. if u cant do the sales it really means that there is no one in this world is ready to believe you for just 30,000// understand how much trust you generate among your society of people… if people are not ready to spend 30,000 for you what kind of life you are living? And you are blaming a 8000 crore turnover company?what a pity? I advice my friend to buy a new car..I told him seriously practice driving, spend time to learn driving.. but without learning/practicing properly he has droven the car and met with the accident..now he is blaming me and the car company….hope u understand the example…
Dear Friends,
If you are positve thinking dont visit this site again.Mr. Mohan is very intelligent that he provoke us to get into his argument because his site/blog will get familiar as many as times its clicked. IRs from Questnet dont waste your time,with these negatie minded people, one day they will realize. Dont argue, never visit or never click again this link. Dont make these blogs familiar unnecessarily. Whatever they wont to do let them do.. These kind of people only killed Jesus, gave poison to Socrates, Said Tamil poet bharathi as Idiot,gave death sentence to Galeleo, shot mahatma Gandhi… But now who is in the History… Let them throw the stones,,,, we will go ahead….Company is a very good company… I/m getting regular cheques depending on my effort….Happy moments..
Baranitharan says
This is the voice of the failures and lazy people..No business is wrong, only the people doing it in wrong way..People are ready to smoke/drink waste time with their friends and spoil the life of friends and themselves.. but they are not ready to use an opportunity to get a better life given by a friend…If we lost money, we can earn back.. but if u loose time u cant… In quest net we say u can earn “Time freedom” which you can get from only network marketing… If this industry is wrong then how 1200 companies are running successfully in US alone.. Are all fools?It is absolutely wrong that only people joined earlier will get more money,the truth is people who work hard will earn more.. I’ve earned more money than my upline…Some people joined after me also earned more…Open your mind,making such blogs wont give any result to your life or it wont stop the success of Questnet…For the people joined and not doing successfully, my advice is start doing the business from today seriously, meet the people who are already earning cheques more, that is the best way to become successfull in life… Life is only once, dont die as a failure person,, there is no time limit.. even if you start doing 3/3 from today you will get 11,500..In our presentation we say if you do 3/3 only you will be paid.. if u cant do the sales it really means that there is no one in this world is ready to believe you for just 30,000// understand how much trust you generate among your society of people… if people are not ready to spend 30,000 for you what kind of life you are living? And you are blaming a 8000 crore turnover company?what a pity? I advice my friend to buy a new car..I told him seriously practice driving, spend time to learn driving.. but without learning/practicing properly he has droven the car and met with the accident..now he is blaming me and the car company….hope u understand the example…
Dear Friends,
If you are positve thinking dont visit this site again.Mr. Mohan is very intelligent that he provoke us to get into his argument because his site/blog will get familiar as many as times its clicked. IRs from Questnet dont waste your time,with these negatie minded people, one day they will realize. Dont argue, never visit or never click again this link. Dont make these blogs familiar unnecessarily. Whatever they wont to do let them do.. These kind of people only killed Jesus, gave poison to Socrates, Said Tamil poet bharathi as Idiot,gave death sentence to Galeleo, shot mahatma Gandhi… But now who is in the History… Let them throw the stones,,,, we will go ahead….Company is a very good company… I/m getting regular cheques depending on my effort….Happy moments..
Mohan says
@Eswar,
Like many have already pointed on this blog through their comments, QuestNet folks actually fake up cheques at times just to attract more downlines and there by to grow the chain. Don’t rely on them. Ask them to show the bank statement rather than going for just the photocopy of cheques.
Even if top few get the cheques, what about the huge volume of bottom members… it takes ages and struggle lot to introduce new members. If they succeed in doing so, they will get cheques.. but at the cost of whose money? Newly joined bottom liners.. you will surely be at risk one fine day…
Go through this my article again, you will understand it better.
Update as on 14th April ’08
Friends, i am decommissioning this blog here and moving to a my new site at http://codecritic.in. I have moved all the posts to the new blog and see you all there.
Mohan says
@Eswar,
Like many have already pointed on this blog through their comments, QuestNet folks actually fake up cheques at times just to attract more downlines and there by to grow the chain. Don’t rely on them. Ask them to show the bank statement rather than going for just the photocopy of cheques.
Even if top few get the cheques, what about the huge volume of bottom members… it takes ages and struggle lot to introduce new members. If they succeed in doing so, they will get cheques.. but at the cost of whose money? Newly joined bottom liners.. you will surely be at risk one fine day…
Go through this my article again, you will understand it better.
Update as on 14th April ’08
Friends, i am decommissioning this blog here and moving to a my new site at http://codecritic.in. I have moved all the posts to the new blog and see you all there.
Eswar says
This mania is spreading in UAE again. People from Bangalore are visiting. Even the people here locally say that they are receiving the cheques. M not sure whether it is true?
Mohan says
@Maulee
Thanks for your insight and deep thought. Have you ever thought how tata’s or ambani’s made such a good name? Certainly not at the cost of hitting poor common Indian. They became entrepreneurs by applying their intellectual thoughts to bring up Indian economy levels there by boosting a huge influx of foreign currency into India.
But what is questnet doing? It is looting Indian money, flushing it out of India. Working hard should always be in ethical form and that should benefit EVERYONE, not only for few. It only shows your ignorance by comparing questnet with Tata/Ambani/Murthy/Premji. Hope you understand the meaning of this blog now. Wake up…
Mohan says
@Maulee
Thanks for your insight and deep thought. Have you ever thought how tata’s or ambani’s made such a good name? Certainly not at the cost of hitting poor common Indian. They became entrepreneurs by applying their intellectual thoughts to bring up Indian economy levels there by boosting a huge influx of foreign currency into India.
But what is questnet doing? It is looting Indian money, flushing it out of India. Working hard should always be in ethical form and that should benefit EVERYONE, not only for few. It only shows your ignorance by comparing questnet with Tata/Ambani/Murthy/Premji. Hope you understand the meaning of this blog now. Wake up…
K Maulee says
Hi guys,
Do you know why only there is one Narayanmurthy, one Ratan Tata, one Mukesh Ambani, one Asim Premji? People who have mastered entrepreneurship skills make it to the Hall of Fame. The rest work for them for life. QuestNet is only one of such opportunities. Murthys and Ambanis and Premjis struggled to reach the level they are in today. Work hard instead of writing meaningless blogs.
alamelu says
hey, Mohan, You are a wise man trying to awaken the indians who are always an easy for the foreingers. Even I have lost more than 1 Lakh here and as you said I had to sacrifice all my friends. I only wish Our government bans this business. When so much is happening in Bangalore, not a single person from Quest.net office is coming forward to say that the company isleagal. The so called top earners have gone to hybernate. Cowards……. Cheaters………Please go ahead with your effort.
We must put some banners warning people.
alamelu says
hey, Mohan, You are a wise man trying to awaken the indians who are always an easy for the foreingers. Even I have lost more than 1 Lakh here and as you said I had to sacrifice all my friends. I only wish Our government bans this business. When so much is happening in Bangalore, not a single person from Quest.net office is coming forward to say that the company isleagal. The so called top earners have gone to hybernate. Cowards……. Cheaters………Please go ahead with your effort.
We must put some banners warning people.
Dinesh says
Dear Sham,
You might be right according to you. But think logically about this network, How far it can grow? There is a limit, right. And what about the people who invested in the lower end of the network. Will they get any profit? are they able to make futher growth of network? No way. Just look at “BINARY TREE FACT” which was well explained by Mr.Mohan.
You said that you got the product from QN. What is that product. Is it the gold coin of 6 grams (which you can get the same from the market for below Rs 10000/-) of worth Rs 28000/-. You said that even if company is cheating you wont regret as already you got the product. Then what about your friends & relatives who invested their money in network just because of you. Just think about the 88 % of people (Might be your relatives or friends).
So Guys dont believe this Money making through network growth. After seeing this also if you want to invest, I will suggest you to invest as early as possible & see that you will be in First row of the network. Then there is a 99 % of chance that you are in profit.
Sham, Mohan is not foolish. he is correct on his point of view & you are right in your own way. Mohan just wanted to alert the people. Things will be different when we look from different angles.
sham says
dear Mohan,im iR of QN.Newly join.i felt the same feeling which you going thru, till i found a good potential in this business.i want to earn money in legal way.QN is legal, how i know? im not easily trust media,i found by my own.i join in this business how?i buy a product which i like and promote to my friend or family member. if let see the company is cheating, i won’t regret ‘cos i got the product!
yes.i want earn money,how? by sitting at office 9hours and there are no time for my family? i did that, but the salary is not equal to the effrot and the time i put. maybe you think…ok u fully mind brushted.you are 100% wrong.i saw successful pupils and can calculate by mayself.
no need to argue so much, if u want to know more, why not u stop to give negative comment and try to go QN presentation and ask what ever question you have, then if you still feel the same way,you give the comment.dont easily trust media and other. if you want to find out the true, find out your own and its so easy to sit infront computer and type comment which negative.
Others,if u say:im lost money and nanbikai trokam, come on. that your foolishness.why? QN is real but how many IR is real? find out the real IR and also clarify all the question you got before step. when someone say can earn $$$ tru this, dont blind yourself, find out first. finally if you already IR of questnet dont regret..you are in the right track.
Joseph says
Mohan, I agree with what ever you said but all business is similiar this one is for the people who have money,contacts & skill of supporting others too, when I speak of similarity it is like a celebrity speaking earns in crores but a shop owner who also advertises infront of his shop or by mouth to his customer earns an amount in few count see both are at different level & only Indians who fail are making an issue. after all everyone cannot become a businessman it is bychance. before joining one should have patience to study,understand. Ignorance leads to failure.
Mohan says
@ Yogesh
All I can say is Best of luck for the people who are still getting into questnet. Thanks for your appreciation!
@ Daniela
I am glad you are smart enough to think wise and keeping yourself away from Questnet.
@Naveen
Good question. I thought you would have done that home work by going through my site. Anyways.. I am one among the thousands of IT geeks who work with a Technology company.
Naveen says
Hi,
Just eager to know what you do?
I mean are u working / business / charity etc?
or House man ?
Daniela says
Great discussion.
I was given such a presentation a couple of days ago and found that they used very basic, very easy-to-spot psychological tacticts (my field of business, so couldn’t fool me).
Besides I had a look at the other people who had come to join the presentation: ordinary folk. No high-fliers. Even in this comment thread I realize that those who joined are a bit awkward with language, but that is only my impression.
Whichever way, the business is banned in many countries, and regardless of whether we may jump for the opportunities GQ might provide us with, the fact that it is banned in more than just one place should make all of us sit up. If a business has forfeited its legal position, I smell a rat. Apparently, people on this blog have taken a strong dislike to Pepsi et al, but no country has banned those sods so far. What does that tell us?
Besides, one thing made me wonder: I met this girl who allegedly has over 3000 people under her. She did not look rich. If you sell a concept that pretends to make you rich, you better make sure to look the part! She travels around the country non-stop, she keeps giving presentations and arranges meetings, it’s a full-time job for her, and yet she did not make it big. Very suspicious! So she had coerced 3000 people or assisted in coercing them, and she is still waiting for this momenteous 6lakh cheque. Hmmmmm.
As I said, I smell a rat.
Yogesh says
Dear All,
Good to see both the comments. I am a member of Quest net and following these incidents once there was case against QN.
Every business have negatives and positives.
Ambani’s have money which they can enjoy generations. But still they work to build wealth to thmselves and others. Now if such opportunity is available to common people, let them take and try.
Those who wants to earn let them do so. And those not let them do so..
Glass is half full or half empty. Well these blogs really give good scope for discussion………keep it up
Mohan says
Dear all,
Questnet related posts on my blog have been flooded with a huge number of comments. Some are in favor of questnet while others are against this business model. It is annoying to see that many of comments had such a bad language, I had to delete them and moderate many. Because of all this, I have removed the commenting option for those posts.
Now here is an opportunity for all the readers to participate in a survey that would depict the true opinion of everyone in a simple format. Hope this depicts the opinion of people. Before taking this scenario, all I request you is be honest and don’t be biased.
I will keep this survey open to public for a week and I will publish the results after that.
Click Here to take survey
This post is closed for further comments, you can read my other posts related to questnet here
Chris says
@KRISHNA,
Its like dragging your friend to swim in a 100 ft pond who cannot swim, telling him how fun it is to be there inside, indulging him and when he drains you say, Ah…it was his mistake… he could not swim…poor fellow….
I seriously feel, its cashing in on ppls emotions, touching there week point(money)….you call thts business????
I wouldnt have grudged at all, if Questnet had products which are really worth the money ppl pay…
About guts….sure it takes guts to do these kinda business…
Shiva says
Hi Friends,
i understand that most of you are worrying about the money u have invested in..Even if you go to supreme court, you will not win the case..Because company has mentioned that money will not be returned..The best way is to call u’r upline and demand your money.He only told you that even if u can’t make out, you’ll have a valuable product which will fetch you lakhs.Tell him take your product and return the money back..And I suppose he might not return,because he might not earned too much.so I am listing here few of my uplines names and numbers who have earned big.
SANTOSH
SRAVAN
PHANI KIRAN
SUBBU
RAVINDRA
NATRAJ
PANKAJ
VISHAL…..
The best people to approach is PHANI, RAVINDRA and NATRAJ. I also heard that Natraj has returned 30K to a person to avoid unwanted fight…So it is up to you guys to try to pull them as much as possible to get back your money…
Mohan says
@Peter
Well done! Do you tell all these things and the complications involved when you are giving presentation to people? No, you nor any of the questnet members dare not to explain all these painful things because you lose out on a potential ‘Bakra’. Now, when someone exposes the plot behind your business, all of a sudden so much of gyan to blame those losers? Shame on folks like you.
@Krishna
You repeate the same thing again and again. Don’t you have enough good things to talk about your questnet without having to quote examples of other products?
You are talking about Questnet changing lives. What a joke! 2500+ people have filed a complaint saying that they have lost their hard earned money in Bangalore alone. Read my other posts related to questnet to know what the reality is.
Is this the way you folks are changing lives?Aren’t you ashamed that you indirectly or directly responsible for making someone to lose their money? Have you ever thought of how much money you folks are pumping out of our country by investing in Questnet? Think as a responsible citizen for once in life, you will realize what you folks are into.
Krishna says
@mohan,
there are people who create history and who keep watching what is happening.I think your intution does not permit you to accept that we can earn that much money.Please still believe what is told in theory in your school or college.Don’t use your mind, if there by any.We born in middle class and be like that only till we die.Lets don’t try to sieze any opportunity which can change our lives.
@Peter,
Good yaar.This is a business which we need to do using our hearts and not brains. When we are giving presentations, we are giving a business opportunity to others and not asking him anything.As you said, IRs should enhance their presentation skills and follow up professionally. Regarding media, it will always against this business as they won’t be earning anything as our company is not giving adverstisemenst in the newspapers.However, in indirect marketing,media make good amount of money through advertisements. Hence,they try to save them as these people may loose business.Hence, direct marketing is a threat to media.All of us have a tendency to believe whatever appearing on print media and don’t believe on personal judgement.So, we keep on drinking colas even there are news of gutkas or cocroches in the bottles as media give least priority to it.It won’t even bother if these cola companies use ground water illegally. Direct marketing defy all these rules and continue on people’s believes only and not on celebrity endorsements or media hypes.Hence, Quest is going to be here. People also will slowly believe it as they get confidence on the system and the efforts need to be invested for the success. We are being trained that to get some money we have to work hard.In quest, it is smart work and not hard work. People normally don’t accept the concept as they have been trained like that. Only he who visualise can smell the success and rest will follow the few.
Peter says
Don’t relay on media……all might have watching the news channels like cnn, times now, ndtv, bbc and etc. A tattoo on Saif ali khan hand made a big issue for whole day and breakup of Shahid kapoor with kareena one more issue and do all think this is a very important news to be telecasted with the public conference? That to for a whole day. A small hint for the media about anything for that matter….i am sure they make a big scene out of that. The same happened for the quest net too……. With out a proper investigation of how the people lost money in this business they called the business as scam!!!!! The media should have asked the public on what basis u invested the money in quest? R u fool to believe that investing Rs.30,000 you will be paid Rs.11500 every month. No business in this globe will give you money without doing anything…..Even prostitute should spend time and go through pain to see money. How could the public invest 30000 and expect almost half of the investment as the returns that too every month…………………..ridiculous
No mutual finds….no share market…..no fixed deposit etc. will give you the returns of 11500 on your Rs.30000/- investment……then how did the public expect the quest to give Rs. 11500 per month?
Amazing …….ya quest promise to give Rs. 1500 not for month for a week …..Of course condition applies. I request the public to read the condition and then blame the business……
Only one draw back I found in the quest business is that, after the presentation they request the prospects not to discuss the business with anybody……which gives really a bad impression about the business…..I request all the quest IR’s not to do so……After showing the business and returns leave them free to take decision. Please don’t frustrate them asking can we login now, don’t discuss with anybody, and keep calling them often. All this gives negative about the business. If they feel the business has good potential, they will surely come back. Doing so, they will be very committed as they are willing to join by themselves.
Peter says
Don’t relay on media……all might have watching the news channels like cnn, times now, ndtv, bbc and etc. A tattoo on Saif ali khan hand made a big issue for whole day and breakup of Shahid kapoor with kareena one more issue and do all think this is a very important news to be telecasted with the public conference? That to for a whole day. A small hint for the media about anything for that matter….i am sure they make a big scene out of that. The same happened for the quest net too……. With out a proper investigation of how the people lost money in this business they called the business as scam!!!!! The media should have asked the public on what basis u invested the money in quest? R u fool to believe that investing Rs.30,000 you will be paid Rs.11500 every month. No business in this globe will give you money without doing anything…..Even prostitute should spend time and go through pain to see money. How could the public invest 30000 and expect almost half of the investment as the returns that too every month…………………..ridiculous
No mutual finds….no share market…..no fixed deposit etc. will give you the returns of 11500 on your Rs.30000/- investment……then how did the public expect the quest to give Rs. 11500 per month?
Amazing …….ya quest promise to give Rs. 1500 not for month for a week …..Of course condition applies. I request the public to read the condition and then blame the business……
Only one draw back I found in the quest business is that, after the presentation they request the prospects not to discuss the business with anybody……which gives really a bad impression about the business…..I request all the quest IR’s not to do so……After showing the business and returns leave them free to take decision. Please don’t frustrate them asking can we login now, don’t discuss with anybody, and keep calling them often. All this gives negative about the business. If they feel the business has good potential, they will surely come back. Doing so, they will be very committed as they are willing to join by themselves.
Peter says
Dear all,
I have read all the threads posted here. I completely agree that the quest net is money making business. Did any of your friend pulled you to the presentation and forced you to login in quest net. Ofcourse, they might have shown u the business plan and the returns u get in weekly basis. The amount (Rs.11500 & Rs. 6,90000) would have made every one go mad and join the busines… thinking lets give a try. I am sure nobody would have pulled ur plastic card by locking you in the four wall. Its all by our own enrollment dudes……due to the attraction of 11500 and 690000/-. Isn’t it? Is any one in this loop can jusify that, they were joined questnet by harshment? Without you giving the information about ur login nobody would have registered you in questnet…..initially everybody thought of making money…..once its become difficult u turned negative……is it fair on ur path?
Peter says
Dear all,
I have read all the threads posted here. I completely agree that the quest net is money making business. Did any of your friend pulled you to the presentation and forced you to login in quest net. Ofcourse, they might have shown u the business plan and the returns u get in weekly basis. The amount (Rs.11500 & Rs. 6,90000) would have made every one go mad and join the busines… thinking lets give a try. I am sure nobody would have pulled ur plastic card by locking you in the four wall. Its all by our own enrollment dudes……due to the attraction of 11500 and 690000/-. Isn’t it? Is any one in this loop can jusify that, they were joined questnet by harshment? Without you giving the information about ur login nobody would have registered you in questnet…..initially everybody thought of making money…..once its become difficult u turned negative……is it fair on ur path?
Sunil says
Hi Mohan,
It was really good to know about this fraud business I would request you if you could suggest people how to remove their money which they have invested. Should they go to cops or consumer court. kindly suggest
Vittal says
Hello Mr. Mohan,
At the outset, thank you for such an enlightening article. I have also been lectured on this business. I was in a dilemma as to what to do. But, now I know what to do.
Krishna says
Hi leafy,
As per your comment,if you believe that joining your close people in this business in not ethical, please don’t do this business.You have not understood the concept clearly.First try to understand and then decide whether to continue or not. I also felt like you only in the initial stages,but later able to understand the depth of this business.It takes time to appreciate the concept.take ur time.Regarding national development,all the earners in this business are paid after deducting TDS and Service Tax which goes to Govt.Account.In addition, the company will be paying Customs, VAT also.There is no hiding of figures.Tell me how many business people are paying taxes showing their entire profits? I am a practicing CA and know how they avoid it.So, tell me who are paying more for so called national development? Let me clarify you that it is not a easy money.Money does not come easily here.You have to work heard, learn many professional skills, take pain of unlearning or leaving you previous apprehensions etc.Shall i tell basic quality to come into this business? It is guts to believe that you can earn huge. IF you are into employment,let me tell you that you employer will let you to live but not grow.Best of luck