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?
RAG says
@X-MEN
Here are some lines from the P&P :
“. Nothing said by any sales person on our behalf or any person should be understood as variation of these terms and conditions or as an authorized representation about the nature or quality of any products offered for sale by us. Save for fraud or fraudulent misrepresentation, we shall have no liability for any such representation being untrue or misleading.”
So Mr X-men Don’t you are giving false promises?
I know why? bcoz company also knows the cheques will close the voices of IRs….as i said earlies A MONEY DRIVEN MLM SCHEME will never be succeeded over a long time….
Also i am totally not convienced about your clarification about “Cheque Delivery at Right time why not product Delivery????????”
why all the IRs tell only ghisi piti lines?
ok you are talking about Quest account?can we transfer money from this account in our account as easily they get from IRs customer’s creditcard.again buy gif voucher which are so much highly priced that….anyway you know that in well….
X-Men says
@ RAG
Ya I agree to it. Frankly speaking I didn’t read P&P while joining. Under IT people we are the people who started this. While i am joining totally some 50 people I hope they joined wihin 2 weeks. In our case I didn’t see any cheques and any products. But I got a full trust on my mate and his team who introduced me in QN. They told me I MAY get the product within 90 days. but I recevied on 41st day. Sorry for the mistyping on previous scrap, It’s not the company, It’s my uplines promised me wihin 90 days i will receive the product. To whomever the people who are joining under us we will tell like you MAY get the product within 90 days. For some people within 3 weeks itself they got the product. We are holding the people with the trust on us. Even the company now can’t able to provide commission cheques. But they are providing through their own accounts in the form of gift vouchers were the IRs know how to make money out of it.
Note———> For product delivery delay issues the company had also sent some gift vouchers along with the intimation letter saying that at present the company is facing some issues with the product delivery and soon the IRs will get the product.
Cheque Delivery at Right time why not product Delivery????????
You must notice that the cheque (Indian INR cheque) is something you are getting from ICICI and not the US dollar cheque. The e-commerce portal is designed in such a way that the online cheque will be generated in terms of Dollars (Not a valid cheque). If you go into https://global.quest.net with Ir id and password you can see that. The QN indian cutomer service will check if online cheques are generated. If generated they will note down the Ir name and his commission and start deivering locally. Through e-commerce portal the Hongkong head office knows how much money (total) has to be given to Indian Irs for that week. So they will manage their transactions through our local bank ICICI. So we are receving the cheques more early than product delivery.
X-Men says
@ RAG
Ya I agree to it. Frankly speaking I didn’t read P&P while joining. Under IT people we are the people who started this. While i am joining totally some 50 people I hope they joined wihin 2 weeks. In our case I didn’t see any cheques and any products. But I got a full trust on my mate and his team who introduced me in QN. They told me I MAY get the product within 90 days. but I recevied on 41st day. Sorry for the mistyping on previous scrap, It’s not the company, It’s my uplines promised me wihin 90 days i will receive the product. To whomever the people who are joining under us we will tell like you MAY get the product within 90 days. For some people within 3 weeks itself they got the product. We are holding the people with the trust on us. Even the company now can’t able to provide commission cheques. But they are providing through their own accounts in the form of gift vouchers were the IRs know how to make money out of it.
Note———> For product delivery delay issues the company had also sent some gift vouchers along with the intimation letter saying that at present the company is facing some issues with the product delivery and soon the IRs will get the product.
Cheque Delivery at Right time why not product Delivery????????
You must notice that the cheque (Indian INR cheque) is something you are getting from ICICI and not the US dollar cheque. The e-commerce portal is designed in such a way that the online cheque will be generated in terms of Dollars (Not a valid cheque). If you go into https://global.quest.net with Ir id and password you can see that. The QN indian cutomer service will check if online cheques are generated. If generated they will note down the Ir name and his commission and start deivering locally. Through e-commerce portal the Hongkong head office knows how much money (total) has to be given to Indian Irs for that week. So they will manage their transactions through our local bank ICICI. So we are receving the cheques more early than product delivery.
X-Men says
@ Jeev431
1) The wrong is with QN’s bad cutomer service. Even My people affected with that. But I am holding my people before signing up any people by telling the negatives (Bad customer service).
2) The second wrong thing is lack of knowledge among the IRS mainly the problem will raise under un-educated people.
3) The third wrong is also by the people (Who had their intention without work we can earn money) who earned lot’s money here and failed to give service to IRs.
4) The office in Chennai and Bangalore is never freezed. Unless and until the case gets over the company can’t open the office. Include offices in cochin and secundrabad also. Due to chennai media issue the company closed other offices too for some days.
X-Men says
@ Jeev431
1) The wrong is with QN’s bad cutomer service. Even My people affected with that. But I am holding my people before signing up any people by telling the negatives (Bad customer service).
2) The second wrong thing is lack of knowledge among the IRS mainly the problem will raise under un-educated people.
3) The third wrong is also by the people (Who had their intention without work we can earn money) who earned lot’s money here and failed to give service to IRs.
4) The office in Chennai and Bangalore is never freezed. Unless and until the case gets over the company can’t open the office. Include offices in cochin and secundrabad also. Due to chennai media issue the company closed other offices too for some days.
Balu says
Good analysis Mohan. I hope this helps out all those who are planning to take up this business. An eye opener for many of us. You saved me for sure. Thanks.
Balu says
Good analysis Mohan. I hope this helps out all those who are planning to take up this business. An eye opener for many of us. You saved me for sure. Thanks.
Kumar says
do i need to repeat here again? everyone knows the true colors of this company after all the police interference in its business. thanks to all the promoters of this unethical business in the quest of making easy bucks at the cost of others loss!
Kumar says
do i need to repeat here again? everyone knows the true colors of this company after all the police interference in its business. thanks to all the promoters of this unethical business in the quest of making easy bucks at the cost of others loss!
RAG says
@X_MEN
The very first thing according to company P&P:–
“If you do not receive products ordered by you within 30 days of the date on which you ordered them, we shall have no liability to you unless you notify us in writing at our contact address of the problem within 40 days of the date on which you ordered the products.”
So its 1 month and not 3 months.
Also i would like to know if company can deliver Cheques at very much right time (every monday before 12noon), then why not the product….
Bcoz all got blind by looking into their Cheques…and their UPLINES say “ur chqs are coming na …product bhi aa jayega”….
NM or MLM is not a bad concept untill it is product driven..but in this case its totally MONEY driven only….
RAG says
@X_MEN
The very first thing according to company P&P:–
“If you do not receive products ordered by you within 30 days of the date on which you ordered them, we shall have no liability to you unless you notify us in writing at our contact address of the problem within 40 days of the date on which you ordered the products.”
So its 1 month and not 3 months.
Also i would like to know if company can deliver Cheques at very much right time (every monday before 12noon), then why not the product….
Bcoz all got blind by looking into their Cheques…and their UPLINES say “ur chqs are coming na …product bhi aa jayega”….
NM or MLM is not a bad concept untill it is product driven..but in this case its totally MONEY driven only….
aparna hajirnis says
It does sound like a scam,because it definitely not a bank to mint money.So the question is where does the money come from?It’s like a blue-collar gamble,where I will earn what someone else has lost.How possible is it for everyone in this world to be rich?Wouldn’t that cause recession in the markets?
aparna hajirnis says
It does sound like a scam,because it definitely not a bank to mint money.So the question is where does the money come from?It’s like a blue-collar gamble,where I will earn what someone else has lost.How possible is it for everyone in this world to be rich?Wouldn’t that cause recession in the markets?
jeev431 says
@X-MEN,
Good to know you know so many things about QI.You ought to as you are doing this for the last 2 years now. Then, can you tell where it went wrong or what happened and why the QI accounts in Bangalore and Chennai have been freezed?
Chandan says
Thanks to the media and press for a very good coverage on this questnet aka goldquest. Now people know the reality on how many are really affected just by knowing the sheer number of complaints lodged against this company. Hope people are now enlightened on the activities of this company and I am thankful for your review and analysis that helped me to decide against joining hands with this company.
Chandan says
Thanks to the media and press for a very good coverage on this questnet aka goldquest. Now people know the reality on how many are really affected just by knowing the sheer number of complaints lodged against this company. Hope people are now enlightened on the activities of this company and I am thankful for your review and analysis that helped me to decide against joining hands with this company.
X-Men says
@Kamal
I am totally agreeing to what you are saying. Frankly speaking i am not satisfied with what QI has done for me and my people but I am very sastisfied with What I had done to my people. I am having one of My Downline also in Delhi where he is facing the similar Issue but he is confident about Biz. I will come towards the product end with some useful information.
Coming To Numismatics. It’s a study of Coins, Medallions, Bank Notes and Bonds& Certificates
Study of coins and Medallions – Exonumia
Study of Bank Notes and currencies – Notaphily
Study of Stocks, Bonds and Certificates – Scripophily
Numismatic coins and Medallions comes under Exonumia study. It doesn’t mean that it must be limited edition. Even if some people want to study about our Indian 5 rupee coin, it will come under Exonumia study. In childhood days even some people try to exchange more coins or money for a rare coin or medallion. This company is minting limited edition. The product will gain their Numismatic value provided if there will be a demand or need from some other customer.
In some presentation they will tell like, this product can be bid in E-Bay and it has high value. It may or may not happen. Unless and until if there is no demand and need from some other customer we can’t bid it and bidding is useless.
Coming to product delivery:
Out of 220 countries of this QI business India is the number no 1. For the few months there is a drastic growth in QI that too in IT industry (Over 2 yrs). IT people started earning more than the people who are already into this biz for the past 4 years. It’s a bit EGO problem and they started to work more to beat It Industry. Even they do cheating also. Even in IT industry I watched some people will give wrong promises like I will put downlines for you, I will put money for you like these. These people just for money shake they don’t even know what mistake they are doing while starting the biz. After a long time if they face like these situations in chennai they are not having the grudge enough to show the face to the people to whom they had done the wrong promises. Both in +ve side and -ve side QI group has grown in India very huge.
Every week close to 4000 cusomters are joining in QI before the chennai issue. So Monthly close to 15000 customers are joining. The main branch in Hongkong must get all the requests not only from India but from other countries too. The company branch in India receives all the products through shipping and from there they will distribute it to the customers through courier. It will take atleast 3 months of time as per the company promised.
For few of my downlines the product came within 3 weeks. For few people it came after 6 months too. The problem is for some of the IRS the product has been returned to the office if there no proper commuication. It will be returning to the chennai corporate office from any part of India. As some IRS including us are busy in their own work we can’t even find time to notice it. Once if any problem exists we started realising it.
QI has a drastic growth in south India and in north india it will explore soon. So many IRS in delhi are receving the product very late. I recently went to Malaysia for a Conference and we had put up all the issues to the company and they are taking the legal steps for further improvement. Don’t worry the product will reach your friend.
In febraury this problem started in bangalore because of the Lack of knowledge to the IRS like auto wala, Rickshaw wala, Village people and all. Some of the IRS who got their money back have failed to notice it thinking that their job is over. They thought that for one referral they will get 2000 comission but it’s 3UV:3UV, 11,500. We can’t treat this as QI fault. It’s some uselss IR’s fault. They had raised a big issue and arrested some IRS. Due to that the blore office is closed and so many IRS didn’t get the product. The leaders who want to save their IRS handover the training CDS to the police and then the police people relaised the Biz model and they also signed up. They then getting the product through chennai office. Some of the people who doesn’t like this turned the case to Chennai.
In chennai few days back the problem started through political power. Politics is giving too much pressure too behind the scenes mainly media. If they do like this,then defintely who joined recently will be in negative. Even in this situation so many people are ready to join under us but we are not doing it unless and until the case gets over. Since the office in Chennai is closed and all the police people seized the cutomer’s product for investigation the delivery will be getting delayed in all the parts of India. QI has agreed to launch some new things in Delhi and from there delivery will start. But QI needs time to do this behind all the political issues.
Ya just Scrap your concerns here. I will definitley help to your people how to speak to ladies as well as Training also. For our information I am not a leader. Leader in QI means they should earn atleast 2 lakhs a week but i am into the category of 11,500 per week. But i can provide u correct direction provided if you are taking my words.
Thanks kamal for the conderns you put up
X-Men says
@Kamal
I am totally agreeing to what you are saying. Frankly speaking i am not satisfied with what QI has done for me and my people but I am very sastisfied with What I had done to my people. I am having one of My Downline also in Delhi where he is facing the similar Issue but he is confident about Biz. I will come towards the product end with some useful information.
Coming To Numismatics. It’s a study of Coins, Medallions, Bank Notes and Bonds& Certificates
Study of coins and Medallions – Exonumia
Study of Bank Notes and currencies – Notaphily
Study of Stocks, Bonds and Certificates – Scripophily
Numismatic coins and Medallions comes under Exonumia study. It doesn’t mean that it must be limited edition. Even if some people want to study about our Indian 5 rupee coin, it will come under Exonumia study. In childhood days even some people try to exchange more coins or money for a rare coin or medallion. This company is minting limited edition. The product will gain their Numismatic value provided if there will be a demand or need from some other customer.
In some presentation they will tell like, this product can be bid in E-Bay and it has high value. It may or may not happen. Unless and until if there is no demand and need from some other customer we can’t bid it and bidding is useless.
Coming to product delivery:
Out of 220 countries of this QI business India is the number no 1. For the few months there is a drastic growth in QI that too in IT industry (Over 2 yrs). IT people started earning more than the people who are already into this biz for the past 4 years. It’s a bit EGO problem and they started to work more to beat It Industry. Even they do cheating also. Even in IT industry I watched some people will give wrong promises like I will put downlines for you, I will put money for you like these. These people just for money shake they don’t even know what mistake they are doing while starting the biz. After a long time if they face like these situations in chennai they are not having the grudge enough to show the face to the people to whom they had done the wrong promises. Both in +ve side and -ve side QI group has grown in India very huge.
Every week close to 4000 cusomters are joining in QI before the chennai issue. So Monthly close to 15000 customers are joining. The main branch in Hongkong must get all the requests not only from India but from other countries too. The company branch in India receives all the products through shipping and from there they will distribute it to the customers through courier. It will take atleast 3 months of time as per the company promised.
For few of my downlines the product came within 3 weeks. For few people it came after 6 months too. The problem is for some of the IRS the product has been returned to the office if there no proper commuication. It will be returning to the chennai corporate office from any part of India. As some IRS including us are busy in their own work we can’t even find time to notice it. Once if any problem exists we started realising it.
QI has a drastic growth in south India and in north india it will explore soon. So many IRS in delhi are receving the product very late. I recently went to Malaysia for a Conference and we had put up all the issues to the company and they are taking the legal steps for further improvement. Don’t worry the product will reach your friend.
In febraury this problem started in bangalore because of the Lack of knowledge to the IRS like auto wala, Rickshaw wala, Village people and all. Some of the IRS who got their money back have failed to notice it thinking that their job is over. They thought that for one referral they will get 2000 comission but it’s 3UV:3UV, 11,500. We can’t treat this as QI fault. It’s some uselss IR’s fault. They had raised a big issue and arrested some IRS. Due to that the blore office is closed and so many IRS didn’t get the product. The leaders who want to save their IRS handover the training CDS to the police and then the police people relaised the Biz model and they also signed up. They then getting the product through chennai office. Some of the people who doesn’t like this turned the case to Chennai.
In chennai few days back the problem started through political power. Politics is giving too much pressure too behind the scenes mainly media. If they do like this,then defintely who joined recently will be in negative. Even in this situation so many people are ready to join under us but we are not doing it unless and until the case gets over. Since the office in Chennai is closed and all the police people seized the cutomer’s product for investigation the delivery will be getting delayed in all the parts of India. QI has agreed to launch some new things in Delhi and from there delivery will start. But QI needs time to do this behind all the political issues.
Ya just Scrap your concerns here. I will definitley help to your people how to speak to ladies as well as Training also. For our information I am not a leader. Leader in QI means they should earn atleast 2 lakhs a week but i am into the category of 11,500 per week. But i can provide u correct direction provided if you are taking my words.
Thanks kamal for the conderns you put up
KAMAL says
Mr x-men like thomas we all want to know that what happened there after seven months we din get our product I have talked to rocking questers and they all give the same reply like rattoo totas read the p&p arrey for what shud I read the p&p
In ur recent comments u also din talk about the product but said that u doing very well for the last two years its good we wish u good luck
Plz tell us why this delay in the product delivery sir and what all has happened in chennai we r not interested to know how much u earning or ur downlines sir.
Ok we agree its a very good business for you but tell the other people whom to approach for their product its very simple somebody is more interested in numismatic not in biz then what is the need to read the p&p and about business .
Suppose people want to go to office everyday and do some constructive work for the society and want their children also to do hard work but they have paid for the medallion and company is not delivering it then what next
Itni si baat sabse pooch li per idhar udahr ki pata nahi kya kya baatein suna dete hain point ka jawab nahi dete .
Do not feel bad sir very rocking stars of delhi they call themselves leaders they humiliated my friend so much that she has gone under depression her simple question was to her referrer and the leaders was that she has made the full payment has paid the registration fees system fund but she has not received the product after five months what was wrong in it and u know their reply was read the &p carefully before asking or give the details so that we can get u out from this business soon so I am asking why such a treatment to a new ir
What I feel sir these leaders don ot understand that by such a behavior they are harming their own business as this biz is based on the word of mouth same way if more and more people will get disappointed from their leaders they will talk negative about this business. As u are into this for the last two years I would request u to talk to your leaders (I know about delhi )they really need a proper training how to talk to the ladies how to talk with the new irs and how to help somebody if he comes to them for help that will be true rythm pehle apne ghar se start karo tabhi to hum mankind ki help kar sakeinge na. We do not have a patience to listen to our own team mates our own irs and we talk all other things
So sir its my humble request to guide those who really want your help
I agree that biz model may be good its the leaders who r bringing bad name to the business they have raised themselves to harm this business they show the clipping of geese that we all r together but in reality everybody is going in a different direction so much of ego problems among them so much of back biting oh really sad .
Once again ur well wisher sir wish u to max out this year
Kamal
KAMAL says
Mr x-men like thomas we all want to know that what happened there after seven months we din get our product I have talked to rocking questers and they all give the same reply like rattoo totas read the p&p arrey for what shud I read the p&p
In ur recent comments u also din talk about the product but said that u doing very well for the last two years its good we wish u good luck
Plz tell us why this delay in the product delivery sir and what all has happened in chennai we r not interested to know how much u earning or ur downlines sir.
Ok we agree its a very good business for you but tell the other people whom to approach for their product its very simple somebody is more interested in numismatic not in biz then what is the need to read the p&p and about business .
Suppose people want to go to office everyday and do some constructive work for the society and want their children also to do hard work but they have paid for the medallion and company is not delivering it then what next
Itni si baat sabse pooch li per idhar udahr ki pata nahi kya kya baatein suna dete hain point ka jawab nahi dete .
Do not feel bad sir very rocking stars of delhi they call themselves leaders they humiliated my friend so much that she has gone under depression her simple question was to her referrer and the leaders was that she has made the full payment has paid the registration fees system fund but she has not received the product after five months what was wrong in it and u know their reply was read the &p carefully before asking or give the details so that we can get u out from this business soon so I am asking why such a treatment to a new ir
What I feel sir these leaders don ot understand that by such a behavior they are harming their own business as this biz is based on the word of mouth same way if more and more people will get disappointed from their leaders they will talk negative about this business. As u are into this for the last two years I would request u to talk to your leaders (I know about delhi )they really need a proper training how to talk to the ladies how to talk with the new irs and how to help somebody if he comes to them for help that will be true rythm pehle apne ghar se start karo tabhi to hum mankind ki help kar sakeinge na. We do not have a patience to listen to our own team mates our own irs and we talk all other things
So sir its my humble request to guide those who really want your help
I agree that biz model may be good its the leaders who r bringing bad name to the business they have raised themselves to harm this business they show the clipping of geese that we all r together but in reality everybody is going in a different direction so much of ego problems among them so much of back biting oh really sad .
Once again ur well wisher sir wish u to max out this year
Kamal
X-Men says
To all who is talking about QN (-ve and +ve). Please read fully..
1) I joined 2 yrs back as part time by june 30th 2006. The very next day I have got a similar blog and searching all the sites saying QN is a fraud. After getting more clarifications by TOP level people, i started sailing. I earned 13 lakhs too without introducing any friends under me. But I referred strangers.
2) For the people who are speaking in +ve side against Mohan, nobody is having the rights to fight against mohan’s views provided if you know the following facts of the company.
a) Limitation of income is not 6,90,000. It’s unlimited. It’s purely an MLM not referral. All MLM is a kind of referral.
b) It’s not that u can open only 2 legs. u can open ‘N’ number of legs under you with certain norms and conditions.
c) It’s not like only top people will earn more. 3of my downlines are earning more than me.
d) Stop saying about Nalini chidambaram. she is not the legal advisor.
e) This is not a local business. It’s an international business with so many products. But in India at present promoting gold.
f) Get your QN user id and password, go and learn what is this business all about. All your interpretations were wrong.
If you are clear in this point then be against mohan.
3) This business is the one where all the politicains hate since it invloves more legal while money.It’s the people who is talking in +ve sense like you, determine the buiness wrongly and giving chances to the kind of people like “Mohan”.
If everything is correct, we will be getting bored. We need people like mohan to motivate us. The painful things mohan gives is the real motivation for us.
4) According to Me, Business means cheating people. If you take any buiness, it comes under networking. in some business, company will take the risk, In some people will take the risk. networking (MLM) comes under 2nd category.
5) In IT, company is cheating billable resources
In Banking, customer’s money. In telecommincations, it’s customer money. Tell me which business involves no customer money???
6) Hello mohan sir, If your friend will give treat (In tamil OSI SAAPAADU) you will go and eat at whatever time. But if the same friend will give this opportunity means you are hating it?? It’s just an EGO clash. This is the human mind.
It’s not a justification. It’s the truth.
X-Men says
To all who is talking about QN (-ve and +ve). Please read fully..
1) I joined 2 yrs back as part time by june 30th 2006. The very next day I have got a similar blog and searching all the sites saying QN is a fraud. After getting more clarifications by TOP level people, i started sailing. I earned 13 lakhs too without introducing any friends under me. But I referred strangers.
2) For the people who are speaking in +ve side against Mohan, nobody is having the rights to fight against mohan’s views provided if you know the following facts of the company.
a) Limitation of income is not 6,90,000. It’s unlimited. It’s purely an MLM not referral. All MLM is a kind of referral.
b) It’s not that u can open only 2 legs. u can open ‘N’ number of legs under you with certain norms and conditions.
c) It’s not like only top people will earn more. 3of my downlines are earning more than me.
d) Stop saying about Nalini chidambaram. she is not the legal advisor.
e) This is not a local business. It’s an international business with so many products. But in India at present promoting gold.
f) Get your QN user id and password, go and learn what is this business all about. All your interpretations were wrong.
If you are clear in this point then be against mohan.
3) This business is the one where all the politicains hate since it invloves more legal while money.It’s the people who is talking in +ve sense like you, determine the buiness wrongly and giving chances to the kind of people like “Mohan”.
If everything is correct, we will be getting bored. We need people like mohan to motivate us. The painful things mohan gives is the real motivation for us.
4) According to Me, Business means cheating people. If you take any buiness, it comes under networking. in some business, company will take the risk, In some people will take the risk. networking (MLM) comes under 2nd category.
5) In IT, company is cheating billable resources
In Banking, customer’s money. In telecommincations, it’s customer money. Tell me which business involves no customer money???
6) Hello mohan sir, If your friend will give treat (In tamil OSI SAAPAADU) you will go and eat at whatever time. But if the same friend will give this opportunity means you are hating it?? It’s just an EGO clash. This is the human mind.
It’s not a justification. It’s the truth.
thomas says
Hi,
After getting disappointment from all my efforts I am here to seek your help .
I joined the so called QuestNET Business 7 months back .
The business is based on MultiLevel marketing in which they sell their product which are said to be German made Mayer’s Mint Gold Coin.
I ordered these coins and paid Rs.32,500 . They claimed to deliver the coins in 2 months time frame.
But they haven’t delivered till date.
There is no option of cancelling order on their website which is the unique feature I saw in a shopping site.
I called their call centre many a times but they ask me to wait for some time and are not giving any concrete reply.
They are not cooperating after taking money from me.
I request you to bring up my case to them and get my money refunded.
I want to file a case againt them for the mental harassment I went thorough. Please let me know how I can do it.
please mail to this ID
kishoreorgchem@gmail.com
Address of Questnet office in Bangalore.
# 303, Prestige Centre Point
3rd Floor, Cunningham Road
Bangalore – 560 052
Tel:+91 80 2228 2407
Fax: +91 80 2237 0393
thomas says
Hi,
After getting disappointment from all my efforts I am here to seek your help .
I joined the so called QuestNET Business 7 months back .
The business is based on MultiLevel marketing in which they sell their product which are said to be German made Mayer’s Mint Gold Coin.
I ordered these coins and paid Rs.32,500 . They claimed to deliver the coins in 2 months time frame.
But they haven’t delivered till date.
There is no option of cancelling order on their website which is the unique feature I saw in a shopping site.
I called their call centre many a times but they ask me to wait for some time and are not giving any concrete reply.
They are not cooperating after taking money from me.
I request you to bring up my case to them and get my money refunded.
I want to file a case againt them for the mental harassment I went thorough. Please let me know how I can do it.
please mail to this ID
kishoreorgchem@gmail.com
Address of Questnet office in Bangalore.
# 303, Prestige Centre Point
3rd Floor, Cunningham Road
Bangalore – 560 052
Tel:+91 80 2228 2407
Fax: +91 80 2237 0393
KAMAL says
Mohan very alarming thing is that mostly our defence officers are getting in to this business.
Recently there was a meet in delhi very senior quest leader had come to address the irs and thier guests and I was shocked to see very senior army officers as irs .
Aap desh ke bare mein bolo army ke bare mein bolo yeh kutch nahi kaheinge aapko per agar questnet ke bare mein bola to fir dekho their bombardmnt one of my friends had joined this and after five months she din get the product and she asked her referrer about it she din get any answer as she has lot of problems she tried to approach the other person who she says is doing very good and you know what did she get in reply that lady asked her to give her the details so that she can get her out of this biz soon and my friend is in such a depression to end this all she apologized from her it did not end here mails keep on coming to bulshit her .
In this people are so shameless jab tak tum join nahi karte they will be goody goody with u and if u are in trouble their answer would be ……..it is your own business for whom u doing it for your upline?
2. Read the p&p
3.They will send u all the short films so called motivational one very common is geese in which they want to tell their would be dont know wat do they call prespect that we all are together we will help eachother to grow what do u think without u I will grow their is a system there is bla bla all and the moment u have any problem they will not take a moment to clip your wings
Ahhh what she is going through ………
I am not saying anyone to join or not to join . Have just given my personal experience you know what my friend saying all the time nowdays she is thanking god that I din join this and we are friends
KAMAL says
Mohan very alarming thing is that mostly our defence officers are getting in to this business.
Recently there was a meet in delhi very senior quest leader had come to address the irs and thier guests and I was shocked to see very senior army officers as irs .
Aap desh ke bare mein bolo army ke bare mein bolo yeh kutch nahi kaheinge aapko per agar questnet ke bare mein bola to fir dekho their bombardmnt one of my friends had joined this and after five months she din get the product and she asked her referrer about it she din get any answer as she has lot of problems she tried to approach the other person who she says is doing very good and you know what did she get in reply that lady asked her to give her the details so that she can get her out of this biz soon and my friend is in such a depression to end this all she apologized from her it did not end here mails keep on coming to bulshit her .
In this people are so shameless jab tak tum join nahi karte they will be goody goody with u and if u are in trouble their answer would be ……..it is your own business for whom u doing it for your upline?
2. Read the p&p
3.They will send u all the short films so called motivational one very common is geese in which they want to tell their would be dont know wat do they call prespect that we all are together we will help eachother to grow what do u think without u I will grow their is a system there is bla bla all and the moment u have any problem they will not take a moment to clip your wings
Ahhh what she is going through ………
I am not saying anyone to join or not to join . Have just given my personal experience you know what my friend saying all the time nowdays she is thanking god that I din join this and we are friends
Mohan says
@jeev
You have the wrong information. QN is not banned yet in India, just that their accounts have been frozen and there is a judiciary in place to look into the matter.
jeev says
First of all I pity you guys who have lost money in QN. It was in Oct 2007 that I attended one of their so called presentations and initially I was interested in joining. It was my husband who resisted me from joining and I thank him for that. Today I read in papers that QN has been banned in most of the cities including Bangalore and Chennai. I would advise people to work hard and earn money instead of falling in such traps.
God Bless!
jeev says
First of all I pity you guys who have lost money in QN. It was in Oct 2007 that I attended one of their so called presentations and initially I was interested in joining. It was my husband who resisted me from joining and I thank him for that. Today I read in papers that QN has been banned in most of the cities including Bangalore and Chennai. I would advise people to work hard and earn money instead of falling in such traps.
God Bless!
Aravindan says
It’s quite entertaining reading the posts of pro QN guys here. Whenever I am bored, I come over to this and other blogs and read some of the interesting and ‘enlightening’ stuff they have written.
Aravindan says
It’s quite entertaining reading the posts of pro QN guys here. Whenever I am bored, I come over to this and other blogs and read some of the interesting and ‘enlightening’ stuff they have written.
Chintan says
@ shishir …
You cant get the money back from the system !!!
Only 1 option. Ask your dad to tell his upliner that he don’t want to continue, and when he (your dad’s upliner) finds someone who wants to join this business, then your dad can change the ownership of his account to his name and collect the money from the new guy !!!
All the best !!!
Chintan says
@ shishir …
You cant get the money back from the system !!!
Only 1 option. Ask your dad to tell his upliner that he don’t want to continue, and when he (your dad’s upliner) finds someone who wants to join this business, then your dad can change the ownership of his account to his name and collect the money from the new guy !!!
All the best !!!
shishir says
Hey Mohan
Thanks for the wonderful analysis , I 100% agree with u , my Dad was fooled in this trap last week, and he scrapped all his savings without informing anyone of us.. I am a student who works part time for my fees , please tell me a way to get out & get my money back
shishir says
Hey Mohan
Thanks for the wonderful analysis , I 100% agree with u , my Dad was fooled in this trap last week, and he scrapped all his savings without informing anyone of us.. I am a student who works part time for my fees , please tell me a way to get out & get my money back
venky says
The questnet business is not for all. People who really wants to work hard and working for others. If I like the business, i buy the product and interested start referring the new customers to the company in the model of company expected. In the same way if u give clear picture about products and business how we can feel it is a fraudulent business. If you mislead the people with your own style how can u blame the company and system. I feel if I am right I will do the right things. It is not wise to criticise the company and business of questnet and any networking companies. The only people criticise if they are not confident of their doing things
venky says
The questnet business is not for all. People who really wants to work hard and working for others. If I like the business, i buy the product and interested start referring the new customers to the company in the model of company expected. In the same way if u give clear picture about products and business how we can feel it is a fraudulent business. If you mislead the people with your own style how can u blame the company and system. I feel if I am right I will do the right things. It is not wise to criticise the company and business of questnet and any networking companies. The only people criticise if they are not confident of their doing things
Good Pig! says
I would rather go by Mohan’s technical analysis that by cliches (for instance, ‘Too much analysis lead to paralysis’)
Having gone through some of the pro QN posts, it seems they are trying to justify one wrong with another wrong
Good Pig! says
I would rather go by Mohan’s technical analysis that by cliches (for instance, ‘Too much analysis lead to paralysis’)
Having gone through some of the pro QN posts, it seems they are trying to justify one wrong with another wrong
Keshav Madhusoodan says
If someone has doubt about Questnet after seeing its presentation, then only one thing to say that his/her objections were not handled properly.
Too much analysis leade to paralysis.
so rather than thinking about business is right or wrong , join the business and prove that you have taken the right decision.
“No decision is right or wrong until you prove it”
This huge blog says itself that IT persons (Intelligent????) don’t have healthy work in office except blog writing. This is my first and last comment in this blog, until I find any challenging question, which I should response.
Thanks
K.
Keshav Madhusoodan says
If someone has doubt about Questnet after seeing its presentation, then only one thing to say that his/her objections were not handled properly.
Too much analysis leade to paralysis.
so rather than thinking about business is right or wrong , join the business and prove that you have taken the right decision.
“No decision is right or wrong until you prove it”
This huge blog says itself that IT persons (Intelligent????) don’t have healthy work in office except blog writing. This is my first and last comment in this blog, until I find any challenging question, which I should response.
Thanks
K.
sirajss says
hay all..
about the pepsi story u all discuss i can say one major difference about its business model is that it(any business organisation) never urges its buyer to get its new buyer..and to get a new buyer its the compnays responsibility to do it. but in the mlm model the company doesnt do any thing from its part, just counts the money it collects from the people(greedy).and i challenge any one from the mlm company or there customers to explain me the ” the tree or the chain(so called a and b chain)” in the reverse direction. that is every body starts from the new customer and put this chain below them and starts their blah blahs about making millions by catching others. but can any one do the explanation on the reverse side? that is from the new customer to the one before him and so onn…… any one doing this will surely under stand that the commision offerd by the compny will not be sufficient enough to be shared by all. and so this will certainly fail…and we have come to see this in chennai as the compny is being closed by the police and the all its executives arrested and police getting 1000,s and 1000,s of complaint daily about the company. so be carefull before it hits your city.. do not be greedy .. making money is certainly not easdy asthey say..making money is really hard and time consuming and also it teaches u a lot on the way ..
w
sirajss says
hay all..
about the pepsi story u all discuss i can say one major difference about its business model is that it(any business organisation) never urges its buyer to get its new buyer..and to get a new buyer its the compnays responsibility to do it. but in the mlm model the company doesnt do any thing from its part, just counts the money it collects from the people(greedy).and i challenge any one from the mlm company or there customers to explain me the ” the tree or the chain(so called a and b chain)” in the reverse direction. that is every body starts from the new customer and put this chain below them and starts their blah blahs about making millions by catching others. but can any one do the explanation on the reverse side? that is from the new customer to the one before him and so onn…… any one doing this will surely under stand that the commision offerd by the compny will not be sufficient enough to be shared by all. and so this will certainly fail…and we have come to see this in chennai as the compny is being closed by the police and the all its executives arrested and police getting 1000,s and 1000,s of complaint daily about the company. so be carefull before it hits your city.. do not be greedy .. making money is certainly not easdy asthey say..making money is really hard and time consuming and also it teaches u a lot on the way ..
w
madhu says
Hey all there….i joined this system 7 months back….no luck….is there any way by which i can get back my money?
madhu says
Hey all there….i joined this system 7 months back….no luck….is there any way by which i can get back my money?
vinod says
I wonder how people are claiming they are doing business. You can get a 99.99% pure gold 24 carat in tamper proof packets with assay (quality) certified at todays high rate for Rs.6000 for 6gm (imagine the price a year ago) You buy a similar product which is not assay certified for Rs.25000 plus referrals. Remember this cost is inclusive of all customs charges etc., You motivate a member to buy a product worth Rs.6000 for Rs.25000 and what is the interest of goldquest in this. It does not manufacture the product it buys from a mint and sells it to you. So we can call it a distribution company. When other companies distrbute the coin for Rs.6000 Goldquest distributes this for 25000 and informs that once you enroll a certain number of people it will give you 8% of your investment (2000). Remove the product and still goldquest will survive. Imagine gold quest asking you to deposit Rs.19000 with them (25000-6000) if you enroll members you will receive rs.2000 for 6 referrals. Still the system will continue and you can enroll all the people in the world and because of your marketing skills can become millionaires. it is highly probable that only a handfull of your recruits will receive money. This is not business. It is rip off. This is not a company making profit on the product. It makes profit on the huge differential that comes to it and gives you a pittance. Dont call this business. To call this coins numismatic is bullshit. Coins acquire numismatic value due to certain intrinsic reasons. This is a gold coin with a certain picture by goldquest and tommorrow any company can bring out a similar goldcoin and its value will only be that of the gold. Imagine any laxmi gold coin you buy having numismatic value. or Richy you can give me Rs.20000 and when you ask 6 more people to give me Rs.20000, I shall give you rs.2000. If you find it a good business we shall meet and do this .
This company has other products like biodisk etc which has magical powers to cure all your diseases. If diseases could be cured this way what a nice world it would be. Any medication should have a scientific proof and should be able to be validated and treatment replicated. No details of studies or research or trials are provided but it is stated as omnicure. There is something called placebo . Body cures itself by the power of mind when you are made to believe that you are having a great medication. All the products would fall into the same category.
Beware before its too late. Or the business leaders of gold quest can first do self and family treatment before recommending cure to others.
vinod says
I wonder how people are claiming they are doing business. You can get a 99.99% pure gold 24 carat in tamper proof packets with assay (quality) certified at todays high rate for Rs.6000 for 6gm (imagine the price a year ago) You buy a similar product which is not assay certified for Rs.25000 plus referrals. Remember this cost is inclusive of all customs charges etc., You motivate a member to buy a product worth Rs.6000 for Rs.25000 and what is the interest of goldquest in this. It does not manufacture the product it buys from a mint and sells it to you. So we can call it a distribution company. When other companies distrbute the coin for Rs.6000 Goldquest distributes this for 25000 and informs that once you enroll a certain number of people it will give you 8% of your investment (2000). Remove the product and still goldquest will survive. Imagine gold quest asking you to deposit Rs.19000 with them (25000-6000) if you enroll members you will receive rs.2000 for 6 referrals. Still the system will continue and you can enroll all the people in the world and because of your marketing skills can become millionaires. it is highly probable that only a handfull of your recruits will receive money. This is not business. It is rip off. This is not a company making profit on the product. It makes profit on the huge differential that comes to it and gives you a pittance. Dont call this business. To call this coins numismatic is bullshit. Coins acquire numismatic value due to certain intrinsic reasons. This is a gold coin with a certain picture by goldquest and tommorrow any company can bring out a similar goldcoin and its value will only be that of the gold. Imagine any laxmi gold coin you buy having numismatic value. or Richy you can give me Rs.20000 and when you ask 6 more people to give me Rs.20000, I shall give you rs.2000. If you find it a good business we shall meet and do this .
This company has other products like biodisk etc which has magical powers to cure all your diseases. If diseases could be cured this way what a nice world it would be. Any medication should have a scientific proof and should be able to be validated and treatment replicated. No details of studies or research or trials are provided but it is stated as omnicure. There is something called placebo . Body cures itself by the power of mind when you are made to believe that you are having a great medication. All the products would fall into the same category.
Beware before its too late. Or the business leaders of gold quest can first do self and family treatment before recommending cure to others.
vinod says
The question of ethical or not should come from your conscience. when you go to a shop to buy rice at 20 rs. per kg. Shop keeper tells you that you can buy rice at 100 Rs. and if you are able to influence others to buy rice at 100 Rs. You would get a comission. The commission is Rs.6 for 6 people viz 3 on the left and 3 on the right. Do you feel shop keeper is ethical. The shop keeper can also say you can take up this offer or simply buy rice at Rs.100 per kg. and sine old rice is best you can buy and keep it for one year. People cry hoarse when an auto driver charge Rs.50 for a 30 rupee journey. When the amount involved is many times the multiple arent people entitled to know the truth ? Please understand where the commission is coming from . It is pure rip off from your friends and relatives so that you can receive the comission and the chain continues.
vinod says
The question of ethical or not should come from your conscience. when you go to a shop to buy rice at 20 rs. per kg. Shop keeper tells you that you can buy rice at 100 Rs. and if you are able to influence others to buy rice at 100 Rs. You would get a comission. The commission is Rs.6 for 6 people viz 3 on the left and 3 on the right. Do you feel shop keeper is ethical. The shop keeper can also say you can take up this offer or simply buy rice at Rs.100 per kg. and sine old rice is best you can buy and keep it for one year. People cry hoarse when an auto driver charge Rs.50 for a 30 rupee journey. When the amount involved is many times the multiple arent people entitled to know the truth ? Please understand where the commission is coming from . It is pure rip off from your friends and relatives so that you can receive the comission and the chain continues.
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.