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?
X-Men says
@RAG
You are completely away from track. You are already carried away with some answers that you are expecting. Since you don’t know the real hard situations of the business every delivered answers are waste. I don’t wanna convince you and even don’t have the rights. It’s upto you to HATE the company and it’s BLIND SUPPORTERS. But I am not a Blind supporter. For Each and every step that I am taking, I am torturing my TOP lines. You are 100% correct. STOP all the people who is promoting GREED GREED GREED GREED :-). STOP people who is following unethical practises. PUBLIC INTEREST ADVERTISEMENT already company done on the very next 2nd day of the crisis see The Hindu chennai Edition, Don’t know the exact date. Unless and until the case got over how they will deliver the product??? Becoz close to 50% of the complaints are related to product delivery. Harae bahiya… all the leading tamil newspapers (Politicians are running) already spoiled QN. So, no way in expecting some Public awareness through this newspapers. I have all the newspaper cut outs. And I will prove you, how the media (all the newspapers) is giving only false informations about QN.
I really appreciate your work in making awareness to all the people who will think to Join QN. But at the same time as an IR have you ever tried to understand what the business is all about??? You mentioned about Lotus Marketing just blindly…… First try to know what they are really selling and for what purpose they started. Don’t think that all the laws are same for all the countries. Dig more about it and know yourself. My downline got his money back and at the same time comission has also been deducted from my account and adjusted with the next commission.
—————————————————->
Just wait and watch. If u don’t wanna wait sorry dear My solution to you will never satisfy you, guarantee….
RAG says
@X-men
Sorry to say but all of your answers are unsatisfactory….
1) I already mentioned that what will be considered as BUSINESS (product or cheque delivery)
If you are saying someone pumped his real money into company and someone got imaginary money,
Its completely money circulation. And yes we in MUMBAI are not getting a single communication
from company.How to call this company operating in several countries???Completely stupidity !!
2)IDSA/WFDSA is regulatory body for direct selling companies.This company can’t register there bcoz it cant’t fulfill
the criteria of a legistimate DS company.
Whois.net provide domain info about any website, with total info about who registered
it with physical address of the company if it’s of a company.Search for any reputed comapny wensite there.
And i don’t think i have to expalin what “discreet” means !!
3)It’s running away from CRISIS on the bad times which company is doing.
NO COMMUNICATION…..May be you know about one month ago there was some case was registered against SIFCL (Sahara India Financial Corporation Limited) and HC ordered to stop all financial activity to the company i.e. stop collecting money from it’s investors. For your kind information on the second day SIFCL has advertised on all leading news paper a half page PUBLIC INTEREST ADVERTISEMENT clarifying their stand with full assurance that they will return the investor’s money with all interest foresaid if smthing went wrong , to retain their investors’ confidence. I think this is called ETHICAL marketing of an ISO 9001:2000 certified company.
What this ISO 9001:2000 certified company is doing, we don’t know.
And also for your information the stop order was revoked in less tahn a week by HC.
4) So, Did your downline get his/her money back?????????????
or juct an update from them “We will try to get approval from our head office ” bla bla bla..
My freind did all possible steps…filing CRF…emailing all documents…Faxed…Spent hundred of ruppees to HK/SP..but the bastards were only transfering phone from one place to another.I am also doing the same with same response !!!!!!!!!!!!!
5)Ya, as i told in SRILANKA they started operations again with new name lotus marketing.
What happened to all BOTTOMLINE investors of GOLDQUEST there???
Hmmm..Gud option to transfer business to another??? ha ha ha
Means search for another “BAKRA”….
ohhhh…why to blame individuals that he done unethical practices…he did so n so….
it’s just like cursing a DRUG ADDICT instead of DRUG itself….yeah mohan tolad correctly it’s a DISEASE and we have to stop this disease to spread….and the name of this disease is GREED on the cost of losses of another….
What will change if someone will take DRUG with water or milk or honey or by syringe or whatever means….the effect will be same….
The all seminars/promotional videos/training materials are promoting what ???
GREED…GREED…GREED…GREED…GREED…GREED…GREED…and only greed…
extremely fake hypes get created on seminars of V-team…completely Bullshit…and then every possible theories will be given to promote GREED and GREED only….You must be from OCEAN team….Anyone will guess what this business is all about by reading the DOs and Dont’s Documents….Only promoting GREED GREED and only GREED….Which business starts with LIE and fake assumptions what to talk about further???
Why should not we HATE this company and it’s BLIND SUPPORTER as well???
Only because it made rich few promoters like you (may be in hundreds or may be thousands)..and made poorer by thousands to at least 10-50 times more peoples than it made rich…yes this 12-88% theory is true only if tree is balanced..but practically it never happen….here ONE make 30-100 LOOSES….
If this company is doing such a great job for peoples it should not be banned in any country…Any country will welcome any developement phase…and everybody knows what this company is all about…
There are many interesting links here for more onfo on these type of companies:
http ://users.openface.ca/~cobe/eth/quest.html
Excellent analysis of MLM/NM : http ://www.vandruff.com/mlm.html
http ://www.quatloos.com/mlm/mlm.htm
[remove spaces after http on all links]
RAG says
@X-men
Sorry to say but all of your answers are unsatisfactory….
1) I already mentioned that what will be considered as BUSINESS (product or cheque delivery)
If you are saying someone pumped his real money into company and someone got imaginary money,
Its completely money circulation. And yes we in MUMBAI are not getting a single communication
from company.How to call this company operating in several countries???Completely stupidity !!
2)IDSA/WFDSA is regulatory body for direct selling companies.This company can’t register there bcoz it cant’t fulfill
the criteria of a legistimate DS company.
Whois.net provide domain info about any website, with total info about who registered
it with physical address of the company if it’s of a company.Search for any reputed comapny wensite there.
And i don’t think i have to expalin what “discreet” means !!
3)It’s running away from CRISIS on the bad times which company is doing.
NO COMMUNICATION…..May be you know about one month ago there was some case was registered against SIFCL (Sahara India Financial Corporation Limited) and HC ordered to stop all financial activity to the company i.e. stop collecting money from it’s investors. For your kind information on the second day SIFCL has advertised on all leading news paper a half page PUBLIC INTEREST ADVERTISEMENT clarifying their stand with full assurance that they will return the investor’s money with all interest foresaid if smthing went wrong , to retain their investors’ confidence. I think this is called ETHICAL marketing of an ISO 9001:2000 certified company.
What this ISO 9001:2000 certified company is doing, we don’t know.
And also for your information the stop order was revoked in less tahn a week by HC.
4) So, Did your downline get his/her money back?????????????
or juct an update from them “We will try to get approval from our head office ” bla bla bla..
My freind did all possible steps…filing CRF…emailing all documents…Faxed…Spent hundred of ruppees to HK/SP..but the bastards were only transfering phone from one place to another.I am also doing the same with same response !!!!!!!!!!!!!
5)Ya, as i told in SRILANKA they started operations again with new name lotus marketing.
What happened to all BOTTOMLINE investors of GOLDQUEST there???
Hmmm..Gud option to transfer business to another??? ha ha ha
Means search for another “BAKRA”….
ohhhh…why to blame individuals that he done unethical practices…he did so n so….
it’s just like cursing a DRUG ADDICT instead of DRUG itself….yeah mohan tolad correctly it’s a DISEASE and we have to stop this disease to spread….and the name of this disease is GREED on the cost of losses of another….
What will change if someone will take DRUG with water or milk or honey or by syringe or whatever means….the effect will be same….
The all seminars/promotional videos/training materials are promoting what ???
GREED…GREED…GREED…GREED…GREED…GREED…GREED…and only greed…
extremely fake hypes get created on seminars of V-team…completely Bullshit…and then every possible theories will be given to promote GREED and GREED only….You must be from OCEAN team….Anyone will guess what this business is all about by reading the DOs and Dont’s Documents….Only promoting GREED GREED and only GREED….Which business starts with LIE and fake assumptions what to talk about further???
Why should not we HATE this company and it’s BLIND SUPPORTER as well???
Only because it made rich few promoters like you (may be in hundreds or may be thousands)..and made poorer by thousands to at least 10-50 times more peoples than it made rich…yes this 12-88% theory is true only if tree is balanced..but practically it never happen….here ONE make 30-100 LOOSES….
If this company is doing such a great job for peoples it should not be banned in any country…Any country will welcome any developement phase…and everybody knows what this company is all about…
There are many interesting links here for more onfo on these type of companies:
http ://users.openface.ca/~cobe/eth/quest.html
Excellent analysis of MLM/NM : http ://www.vandruff.com/mlm.html
http ://www.quatloos.com/mlm/mlm.htm
[remove spaces after http on all links]
X-Men says
@RAG
1)From DSB comments you have to clearly note that still business are happening. And as you said the present situation is money in is easy but money out is a problem. Money out won’t happen until and unless the case gets over. Eventhough there is a lot of problems sign up is happening in the sense you have to understand business is working or not. Really wondering from you that “Not even a single communication from the company” but myself and my downlines are getting regular intimations about latest update on business Via e-mail from V-Communication, Q-Opportunity….
2) It’s company’s wish to register under IDSA or WFDSA. Your interpretation about the biz still goes wrong. As I commented there must be lots of committments. The huge problem QN has done is they failed to deliver the product to the customers on time and Bad customer service. This is the main root cause for the 25000 complaints. I don’t understand about domains you were scrappin. Can u plz brief it?? Do u mean Banking, Finance, Healthcare, Media domains kinda like that??
3) I already told company can’t open the remaining offices with bad customer service unless and until the case gets over. All the products which are supposed to reach IRs are under CBCID investigation. If the company opened up other branches they have to respond what CBCID is doing to IRS and they can’t give solutions too….
4) I don’t know whether ur leaders or you urself properly in good education to e-commerce. One of my downline by joining within a week he done his procedures to get the refund. Yep he done it. Just by giving request in https://global.quest.net he has done it. For me whatever request I am doing through this link I am getting response.
5) Still the company is doing their service in those countries. No Pack up. It’s just your way of perception. You don’t know what is happening behind the scenes. I am sitting in the crisis city Chennai and seeing lots of loop holes behind the court cases the company at present is facing.
Another way of getting your money back is you can transfer the business to any other person who wish to do this business……..
X-Men says
@RAG
1)From DSB comments you have to clearly note that still business are happening. And as you said the present situation is money in is easy but money out is a problem. Money out won’t happen until and unless the case gets over. Eventhough there is a lot of problems sign up is happening in the sense you have to understand business is working or not. Really wondering from you that “Not even a single communication from the company” but myself and my downlines are getting regular intimations about latest update on business Via e-mail from V-Communication, Q-Opportunity….
2) It’s company’s wish to register under IDSA or WFDSA. Your interpretation about the biz still goes wrong. As I commented there must be lots of committments. The huge problem QN has done is they failed to deliver the product to the customers on time and Bad customer service. This is the main root cause for the 25000 complaints. I don’t understand about domains you were scrappin. Can u plz brief it?? Do u mean Banking, Finance, Healthcare, Media domains kinda like that??
3) I already told company can’t open the remaining offices with bad customer service unless and until the case gets over. All the products which are supposed to reach IRs are under CBCID investigation. If the company opened up other branches they have to respond what CBCID is doing to IRS and they can’t give solutions too….
4) I don’t know whether ur leaders or you urself properly in good education to e-commerce. One of my downline by joining within a week he done his procedures to get the refund. Yep he done it. Just by giving request in https://global.quest.net he has done it. For me whatever request I am doing through this link I am getting response.
5) Still the company is doing their service in those countries. No Pack up. It’s just your way of perception. You don’t know what is happening behind the scenes. I am sitting in the crisis city Chennai and seeing lots of loop holes behind the court cases the company at present is facing.
Another way of getting your money back is you can transfer the business to any other person who wish to do this business……..
RAG says
I arranged some questions for QN supportes
(these might be many more, if some one have some more please add):
1) The case was filed firstly by one person only (after it gets flooded, now it is more than 25,000 or may be much more) when the arrests were done.Now it is more than TWO MONTHS since then,the business is stopped (product delivery + cheque delivery: will be termed as business here, not anyone is doing PPTs or whatever) NO communication at all from COMPANY in this regards.
May be the company don’t want to give public statement (although I didn’t understand why), but the company has all IR’s email address/mobile numbers.
Couldn’t they do a communication to all his customers/IRs ?????????????? (As i already mentioned at least in mumbai no one got such communication)
Although not sufficient but company can pulish an article on their website at the least.
2) Questnet is not registered under IDSA (Indian Direct Sell Association) or WFDSA. This is a government institution to keep track on direct selling organizations.
Visit here: http://indiandsa.co.in/association.htm or….. http://www.wfdsa.org/
These NM/MLM companies are just using loopholes in Indian law.
To not to be called a pyramid scheme they sell a product which is not needed by most one, creating a artificial need and by showing a so called great opportunity to earn a lot of money with very less efforts. Company says it will take 30 days to deliver the product, promoters say 45-60 days, someone didn’t get his product even in 90-180 days or even more in a metro city (if we will leave small cities). But the new IRs didn’t say anything bcoz they might be getting cheques, get blinded by money.
Isn’t it a money hopping company behavior and very similar to Money Circulation.
When I also tried to get domain info about Quest.net I surprised that it is registered under discreet domain. Why a multi billion dollar ethical company has registered their website under discrete domain?????????
Visit here: Whois.net
3) Why the Andheri office (also offices in Hyderabad) is closed, although raid was on Chennai office? Is this a roadside company that one MD is behind bars all business is stopped without any proper communication?
4) One of my friends tried each possible step to be followed to get refunded as per written in P&P document of QN. But failed!!!
Actually there is no refund in any case by company. The P&P document is just to overcome legal issues in case some arises there.[ Mr X-men i also got NOOOOOOOOOOOOO response from QuestNet since 10 days on cancellation request]
5) Goldquest got banned on SriLanka (for whatever reason), what the company did?? They stopped their all business leaving behind a lot of customers/IRs in loss without trying to prove them correct and started the business again with some other name “Lotus Marketing”.
The company was banned in some other countries also(lets not go into reason). What company did? Simply PACKUP? Leaving behind all bottom liners in a great loss.
These behaviors are not of a roadside company but of a multi billion dollar ethical company.
Although if company get cleared at this time by court, what is the guarantee same will not happen again after 1 month or 6 month or a year or more??????????
We bring (actually I want to use drag) our close friends/relatives on our trust to this system If you will think you can clearly see the company uses its promoters to play with our trust between friends and relatives.
RAG says
I arranged some questions for QN supportes
(these might be many more, if some one have some more please add):
1) The case was filed firstly by one person only (after it gets flooded, now it is more than 25,000 or may be much more) when the arrests were done.Now it is more than TWO MONTHS since then,the business is stopped (product delivery + cheque delivery: will be termed as business here, not anyone is doing PPTs or whatever) NO communication at all from COMPANY in this regards.
May be the company don’t want to give public statement (although I didn’t understand why), but the company has all IR’s email address/mobile numbers.
Couldn’t they do a communication to all his customers/IRs ?????????????? (As i already mentioned at least in mumbai no one got such communication)
Although not sufficient but company can pulish an article on their website at the least.
2) Questnet is not registered under IDSA (Indian Direct Sell Association) or WFDSA. This is a government institution to keep track on direct selling organizations.
Visit here: http://indiandsa.co.in/association.htm or….. http://www.wfdsa.org/
These NM/MLM companies are just using loopholes in Indian law.
To not to be called a pyramid scheme they sell a product which is not needed by most one, creating a artificial need and by showing a so called great opportunity to earn a lot of money with very less efforts. Company says it will take 30 days to deliver the product, promoters say 45-60 days, someone didn’t get his product even in 90-180 days or even more in a metro city (if we will leave small cities). But the new IRs didn’t say anything bcoz they might be getting cheques, get blinded by money.
Isn’t it a money hopping company behavior and very similar to Money Circulation.
When I also tried to get domain info about Quest.net I surprised that it is registered under discreet domain. Why a multi billion dollar ethical company has registered their website under discrete domain?????????
Visit here: Whois.net
3) Why the Andheri office (also offices in Hyderabad) is closed, although raid was on Chennai office? Is this a roadside company that one MD is behind bars all business is stopped without any proper communication?
4) One of my friends tried each possible step to be followed to get refunded as per written in P&P document of QN. But failed!!!
Actually there is no refund in any case by company. The P&P document is just to overcome legal issues in case some arises there.[ Mr X-men i also got NOOOOOOOOOOOOO response from QuestNet since 10 days on cancellation request]
5) Goldquest got banned on SriLanka (for whatever reason), what the company did?? They stopped their all business leaving behind a lot of customers/IRs in loss without trying to prove them correct and started the business again with some other name “Lotus Marketing”.
The company was banned in some other countries also(lets not go into reason). What company did? Simply PACKUP? Leaving behind all bottom liners in a great loss.
These behaviors are not of a roadside company but of a multi billion dollar ethical company.
Although if company get cleared at this time by court, what is the guarantee same will not happen again after 1 month or 6 month or a year or more??????????
We bring (actually I want to use drag) our close friends/relatives on our trust to this system If you will think you can clearly see the company uses its promoters to play with our trust between friends and relatives.
RRK says
@ X-men
Good analysis buddy. It gives inner eforts and education needed for NM business. From August 2008, QuestNet has made PAN number compulsory for new joining IRs. Its mainly to engage ethical business and avoid un educated people doing fraud business. Really good move.
Thanks X-men.
Regards,
RRK.
X-Men says
@Bond
That’s what I mentioned about Human Psychology. It’s questNet’s head ache to face the situations. Becoz of some people who follows unethical practises QuestNet is facing the problem. The huge problem QN has done is they failed to deliver the product to the customers on time and Bad customer service. This two points are more than enough to give chance to “Non-questers, dead node people (who just taken biz for name shake), people jst take their money back and not giving service to their down lines” to blame this is an unethical and fraudulent scheme.
X-Men says
@Bond
That’s what I mentioned about Human Psychology. It’s questNet’s head ache to face the situations. Becoz of some people who follows unethical practises QuestNet is facing the problem. The huge problem QN has done is they failed to deliver the product to the customers on time and Bad customer service. This two points are more than enough to give chance to “Non-questers, dead node people (who just taken biz for name shake), people jst take their money back and not giving service to their down lines” to blame this is an unethical and fraudulent scheme.
bond says
@X-men,
I really feel good about you and the way you think and accept the reality. However, there are hardly anyone like you in this network marketing. Still I am adamant to accept your term ‘earn’ and ‘refer’. I would rather use ‘cheat’ and ‘fool’ respectively when it comes to questnet.
bond says
@X-men,
I really feel good about you and the way you think and accept the reality. However, there are hardly anyone like you in this network marketing. Still I am adamant to accept your term ‘earn’ and ‘refer’. I would rather use ‘cheat’ and ‘fool’ respectively when it comes to questnet.
X-Men says
@ Mohan
I have answers to Bonds quotes…….
1))Now the scam is exposed and there are no signups being done———> Just see DSB comments. From that you will come to know still sign ups are happening.
2))The datuk or data or dato eswaran is on the run from interpol. His crediblity does not exist anymore ——> Can’t even Bond knows the meaning of “Dato”. Search in the same wikipedia site about “Dato”. Can you please send the link on Dato VJ from interpol?? Becoz It’s the very old story happened before one year. For more reference see http://www.asiantribune.com/index.php?q=node/5732 (Plz see fully which includes the real history of this QI group how this company is legamatically fighting still from their journey started, some buggers damaged him by linking with LTTE too). Under red notice there is no case against Dato VJ in CBI interpol (India). Please see this CBI interpol (India) link also http://cbi.nic.in/rnotice/notices.php
3))All the people who were fooled are asking for refunds. For example, if u have 3L/3R. u can get 11,500. If for all the 6 people the company is refunding the money, then are you ready to five back the 11,500 to the company???? Of course the company will definitely refund that 11,500 from u later. Then along with those 6, u are the seventh to get fooled :-). And this goes and affects upto the top people in bigger level and at last all the customers will claim their money back including me too. To avoid this the company already mentioned their refund policy by what mentioned by RAG….Why customers are not taking that point serious???
4))The situation is same as the other 29999 NM companies where the ones who joined first made money and looted the poor and the foolish and finally the company vanished.—–> Under me 3 people earned more than me buddy. So many IRS down the line has cutomers of only 100, 120, 150 (Balance) in counts. But they got commissions paid out for 150, 160, 190 (Balance) respectively. Do you know how can it happen?? That’s the business of QN and this is not loop holes…….The company is not vanished and it’s not going to be.
5))What is this business and what is the hard work all questers talk about. Its utter non-sense. They say if u work hard then u can earn. Man work hard to fool people. —————-> Don’t think that just by sitting quiet u can earn money here. If you earn 11,500 here 10,197 will come after 11.33% tax deduction. But we have to pay 30% tax as per tax slab. So, 8050 is the total money you can utilize. To earn 11,500 we need either 3L/3R customers with product sales or simple 3L/3R sales. To get that how many phone calls you have to do?? Do you think it’s only 6… Atleast 600 calls (Possibly at late nights). Think the travel xpenses, think the team dinner xpenses along with team meetings, think the team contribution xpenses, think the training xpenses, think the comference hall and presentation material xpenses. May be remaining 1ooo bugs will be still in your hand. Maximum 50% of the money is still utilised for the sub-ordinates ie down the line. This is not something called non-sense. This is what about running an individual business. Even down the line people are joining by hope on us. It’s our duty to help them, of course we are ready to help. In the mean time their mind will be disturbed by so many -ves too. That’s Human Psychology. This networking business behaves the way you behave to your down lines too. This is not brain wash or fooling people.
X-Men says
@ Mohan
I have answers to Bonds quotes…….
1))Now the scam is exposed and there are no signups being done———> Just see DSB comments. From that you will come to know still sign ups are happening.
2))The datuk or data or dato eswaran is on the run from interpol. His crediblity does not exist anymore ——> Can’t even Bond knows the meaning of “Dato”. Search in the same wikipedia site about “Dato”. Can you please send the link on Dato VJ from interpol?? Becoz It’s the very old story happened before one year. For more reference see http://www.asiantribune.com/index.php?q=node/5732 (Plz see fully which includes the real history of this QI group how this company is legamatically fighting still from their journey started, some buggers damaged him by linking with LTTE too). Under red notice there is no case against Dato VJ in CBI interpol (India). Please see this CBI interpol (India) link also http://cbi.nic.in/rnotice/notices.php
3))All the people who were fooled are asking for refunds. For example, if u have 3L/3R. u can get 11,500. If for all the 6 people the company is refunding the money, then are you ready to five back the 11,500 to the company???? Of course the company will definitely refund that 11,500 from u later. Then along with those 6, u are the seventh to get fooled :-). And this goes and affects upto the top people in bigger level and at last all the customers will claim their money back including me too. To avoid this the company already mentioned their refund policy by what mentioned by RAG….Why customers are not taking that point serious???
4))The situation is same as the other 29999 NM companies where the ones who joined first made money and looted the poor and the foolish and finally the company vanished.—–> Under me 3 people earned more than me buddy. So many IRS down the line has cutomers of only 100, 120, 150 (Balance) in counts. But they got commissions paid out for 150, 160, 190 (Balance) respectively. Do you know how can it happen?? That’s the business of QN and this is not loop holes…….The company is not vanished and it’s not going to be.
5))What is this business and what is the hard work all questers talk about. Its utter non-sense. They say if u work hard then u can earn. Man work hard to fool people. —————-> Don’t think that just by sitting quiet u can earn money here. If you earn 11,500 here 10,197 will come after 11.33% tax deduction. But we have to pay 30% tax as per tax slab. So, 8050 is the total money you can utilize. To earn 11,500 we need either 3L/3R customers with product sales or simple 3L/3R sales. To get that how many phone calls you have to do?? Do you think it’s only 6… Atleast 600 calls (Possibly at late nights). Think the travel xpenses, think the team dinner xpenses along with team meetings, think the team contribution xpenses, think the training xpenses, think the comference hall and presentation material xpenses. May be remaining 1ooo bugs will be still in your hand. Maximum 50% of the money is still utilised for the sub-ordinates ie down the line. This is not something called non-sense. This is what about running an individual business. Even down the line people are joining by hope on us. It’s our duty to help them, of course we are ready to help. In the mean time their mind will be disturbed by so many -ves too. That’s Human Psychology. This networking business behaves the way you behave to your down lines too. This is not brain wash or fooling people.
Khaleel says
RRK, your comments only show the level of integrity and clarity you have on this business. In both the comments the summary is that you need 18 people under you to get back you money of 30k. For that you have made 18*30k=5.4 laks to be pumped in to this business. Now for all those 18 people to get back their 30K, they have to hunt down for 18*18*30K = 1 crore, 6lacs and 92 thousad rupees. Do you understand the maths now? You call this a great business plan?
I would say this is a murder of economy. Go back and read the analysis again. 88% of the overall members would be always under the loss!
Khaleel says
RRK, your comments only show the level of integrity and clarity you have on this business. In both the comments the summary is that you need 18 people under you to get back you money of 30k. For that you have made 18*30k=5.4 laks to be pumped in to this business. Now for all those 18 people to get back their 30K, they have to hunt down for 18*18*30K = 1 crore, 6lacs and 92 thousad rupees. Do you understand the maths now? You call this a great business plan?
I would say this is a murder of economy. Go back and read the analysis again. 88% of the overall members would be always under the loss!
RRK says
@Mohan,
You no need to do 18 logins by yourself(sorry its not 9/9, it has to be 1R/1L), you just have to refer 2 freinds and the same follows. There is no confusion in business plan i guess, its clear. Its binary compensation plan. The business follows 8th level threshold strategy where a person’s commision is limited to 6.9 lakh per week(around 5 lakhs/week after tax deducton). Comapny get profit around 13.33 to 20% profit every sale.Customer(IR) gets profit of 7% for each sale. See, here no decreasing commision, no confusing percentage sharing. Business profit disribution is transparent here. Thanks in advance.
Regards,
RRK.
RRK says
@Mohan,
You no need to do 18 logins by yourself(sorry its not 9/9, it has to be 1R/1L), you just have to refer 2 freinds and the same follows. There is no confusion in business plan i guess, its clear. Its binary compensation plan. The business follows 8th level threshold strategy where a person’s commision is limited to 6.9 lakh per week(around 5 lakhs/week after tax deducton). Comapny get profit around 13.33 to 20% profit every sale.Customer(IR) gets profit of 7% for each sale. See, here no decreasing commision, no confusing percentage sharing. Business profit disribution is transparent here. Thanks in advance.
Regards,
RRK.
bond says
Man-o-Man… After all the series of events there are people who still making such comments…
The brain washing technique should be applauded…
The way top get the money back… ask ur upline and he will yield to the pressure.. He has earnt money by fooling people like you… He has no right over the stolen money and he should give it back to whom it belongs….
bond says
Man-o-Man… After all the series of events there are people who still making such comments…
The brain washing technique should be applauded…
The way top get the money back… ask ur upline and he will yield to the pressure.. He has earnt money by fooling people like you… He has no right over the stolen money and he should give it back to whom it belongs….
Mohan says
@Rakesh alias RRK
Try answering to the question posed by ‘bond’ if you have so much information about this business. If not stop bad mouthing and learn to accept the reality.
What a logic! Get another 18 bakra’s to make up for your loss? that is awkward.. sounds so terrible. Don’t you ever get ashamed to talk and promote such an unethical scheme? May be for you its a question of just 30k… because of peoeple like you, it is getting spread in the bad manners that turns this scheme even more UGLIER! Accept the truth and stop spreading the disease.
Mohan says
@Rakesh alias RRK
Try answering to the question posed by ‘bond’ if you have so much information about this business. If not stop bad mouthing and learn to accept the reality.
What a logic! Get another 18 bakra’s to make up for your loss? that is awkward.. sounds so terrible. Don’t you ever get ashamed to talk and promote such an unethical scheme? May be for you its a question of just 30k… because of peoeple like you, it is getting spread in the bad manners that turns this scheme even more UGLIER! Accept the truth and stop spreading the disease.
Rakesh says
@rajiv
Its simple. Do 9/9 thats 9 login on left and 9 login on right. You will get your money invested back..
@RAG,
Its not a million dollar question , its question for 30k……………….
RAG says
Yeah rajiv..the million dollar question you asked….can anybody help on the same???
RAG says
Yeah rajiv..the million dollar question you asked….can anybody help on the same???
rajiv says
Hello
Thanks to every one who have shared their experiences. Now, the big question is how to get the amount back. was any one successful in getting the amount back? Please let us know.
thnks
rajiv says
Hello
Thanks to every one who have shared their experiences. Now, the big question is how to get the amount back. was any one successful in getting the amount back? Please let us know.
thnks
bond says
@RRK
Hey i think you are just quoting what is taught in the training for quest. Now the scam is exposed and there are no signups being done. The datuk or data or dato eswaran is on the run from interpol. His crediblity does not exist anymore. All the people who were fooled are asking for refunds. The situation is same as the other 29999 NM companies where the ones who joined first made money and looted the poor and the foolish and finally the company vanished.
Just tell me one thing. What is this business and what is the hard work all questers talk about. Its utter non-sense. They say if u work hard then u can earn. Man work hard to fool people. I hope u realise this. Fool people cheat them and earn is the business here. I have numerous links to quote. Start with this one
RAG says
@RRK
Do you have some proof(s) to validate the data you provided or said because you listened from yours so called great leaders….
RAG says
@RRK
Do you have some proof(s) to validate the data you provided or said because you listened from yours so called great leaders….
RRK says
@RAG,
Buddy, Questnet is not only NM company doing referral business in India, there are more thousands of NM companies in India and totally 30,000+ NM schemes all over world, over 30% of income for US comes by NM. There is no flaw according to business terms and Acts and regulations of Constitution. Its other type of business which offers win-win situation for both comapany and customers.
Regards,
RRK.
RRK says
@RAG,
Buddy, Questnet is not only NM company doing referral business in India, there are more thousands of NM companies in India and totally 30,000+ NM schemes all over world, over 30% of income for US comes by NM. There is no flaw according to business terms and Acts and regulations of Constitution. Its other type of business which offers win-win situation for both comapany and customers.
Regards,
RRK.
RAG says
@RRK
As you are accepting in our own words that product selling is secondary or can be said a cover, then my friend the business you are talking about is nothing but just money circulation …. think about it … and Money Circulation fall under CRIME … which this company is doing using loopholes in indian law by brainwashing young blood through its greedy promoters … but as i said earlier “BAKRE KI AMMA KAB TAK KHAIR MANAYEGI” …
RAG says
@RRK
As you are accepting in our own words that product selling is secondary or can be said a cover, then my friend the business you are talking about is nothing but just money circulation …. think about it … and Money Circulation fall under CRIME … which this company is doing using loopholes in indian law by brainwashing young blood through its greedy promoters … but as i said earlier “BAKRE KI AMMA KAB TAK KHAIR MANAYEGI” …
RRK says
@Siddharth,
If you are not interested, pls dont join business and dont refer your freinds, no one is forcing you. NM industry needs open minded people. I am just favouring NM industry here. See, everyone has his own opinion, it may be wrong according to you. I strongly beleive NM has potential to spread money spectrum(which is now narrow money spectrum,). Its upto person to decide, no forcing buddy. I am not convincing you, I am just exposing my thoughts and believes.
Regards,
RRK.
RRK says
@Siddharth,
If you are not interested, pls dont join business and dont refer your freinds, no one is forcing you. NM industry needs open minded people. I am just favouring NM industry here. See, everyone has his own opinion, it may be wrong according to you. I strongly beleive NM has potential to spread money spectrum(which is now narrow money spectrum,). Its upto person to decide, no forcing buddy. I am not convincing you, I am just exposing my thoughts and believes.
Regards,
RRK.
Siddharth says
@RRK: Your comment on celebrities was dumb. I am not forced to watch them. We see so many reality shows these bcos its the IN thing. Everyone wants to watch them and its in demand. I don’t have shell out extra bucks for that. As a consumer I still pay the same fee to the cable guy, whether it is salman khan there or some tom, dick and harry.
Again, as RAG said, it supply-demand balance.
QN is simply creating a false supply-demand scenario. Is there any demand for those so called numismatic coins?
even if there is, it will die out because the number of coins will be ever-increasing. A coin will gain value only if it is unique and rare. No sane person in this world will pay 10 times the value for a QN coin cos it manufactured in batches by a firm. Its definitely not unique and surely not rare to find.
Siddharth says
@RRK: Your comment on celebrities was dumb. I am not forced to watch them. We see so many reality shows these bcos its the IN thing. Everyone wants to watch them and its in demand. I don’t have shell out extra bucks for that. As a consumer I still pay the same fee to the cable guy, whether it is salman khan there or some tom, dick and harry.
Again, as RAG said, it supply-demand balance.
QN is simply creating a false supply-demand scenario. Is there any demand for those so called numismatic coins?
even if there is, it will die out because the number of coins will be ever-increasing. A coin will gain value only if it is unique and rare. No sane person in this world will pay 10 times the value for a QN coin cos it manufactured in batches by a firm. Its definitely not unique and surely not rare to find.
RRK says
@RAG,
I am referring for business, not selling product. Its referral marketting, one subset of NM or MLM. some MLM like Amway offer refund policy within 90 days. It works for FMG based NM, you can choose awmay or RMP if you are interested in product. I support NM whole as an industry.
Regards,
RRK.
Regards,
RRK.
RRK says
@RAG,
I am referring for business, not selling product. Its referral marketting, one subset of NM or MLM. some MLM like Amway offer refund policy within 90 days. It works for FMG based NM, you can choose awmay or RMP if you are interested in product. I support NM whole as an industry.
Regards,
RRK.
Regards,
RRK.
RAG says
@RRK
Are you really selling a product ????
Think about it!!!!!
So you must know that there is a refund option by company which company is not accepting….
RAG says
@RRK
Are you really selling a product ????
Think about it!!!!!
So you must know that there is a refund option by company which company is not accepting….
RRK says
@RAG,
buddy, launch your own product in market and try to sell it, then you will realize toughness ok, I support NM bcoz its low-maketting technique which runs on trust. Now, in TV u can see hundreds of channels, so people are confused to buy, here ‘word of mouth’ plays a great role.
@reconsumable,
see buddy, even high hand products like TV, fridge,car many r not reconsumable, still they are in market. Why?? Concept of reconsumption applies only to Fast Moving Goods.
@ Yes, i read P&P before, but got to know terms and facts after joining. No one forced me to join and even I didnt force anyone. And btw abt freinds and relatives, it depends on person to person. Some may spoil it or some may get life time freinds in NM. It depends on your choice.
Regards,
@ X-men
Thank you very much buddy. it is awesome site yar, really loved it. Its site recommended for every Networker, really great. Thanks one again.
Regards,
RRK.
RRK.
RRK says
@RAG,
buddy, launch your own product in market and try to sell it, then you will realize toughness ok, I support NM bcoz its low-maketting technique which runs on trust. Now, in TV u can see hundreds of channels, so people are confused to buy, here ‘word of mouth’ plays a great role.
@reconsumable,
see buddy, even high hand products like TV, fridge,car many r not reconsumable, still they are in market. Why?? Concept of reconsumption applies only to Fast Moving Goods.
@ Yes, i read P&P before, but got to know terms and facts after joining. No one forced me to join and even I didnt force anyone. And btw abt freinds and relatives, it depends on person to person. Some may spoil it or some may get life time freinds in NM. It depends on your choice.
Regards,
@ X-men
Thank you very much buddy. it is awesome site yar, really loved it. Its site recommended for every Networker, really great. Thanks one again.
Regards,
RRK.
RRK.
RAG says
@RRK
Oh my god..again the same debate…
So mr XYZ/ABC had done MBA before joining NM/MLM 🙂 great
But i didn’t the same, yeah but i joined it and also made a
two figure team in just two weeks.
After that i realized that what i was doing a B*******T job.
I may earn some money here but on whose cost on my friends/relatives.
I feel pity on myself. I was started looking all my friends/relatives
as customers and neighbour as marketplace. And yeah one can make some
new friends here but only if he/she joined this B*******T job or a prospect.
If some of your friends havn’t joined you,will be termed as looser only.
No i think who joined this are looser,they are the lucky one.
If you have researched about MLM/NM you must find out that here drop-out
rate is 98%, ie 98% pepole leave it on first few days for whatever reasons..
and in this MLM they will be termed as loosers….You selfish people made them
loosers….
There are a lot of ways to earn with respect….if you have confidence on
yourself you will definately succeed..
why are you shouting on so called superstars…they didn’t force anyone…If you
will shout in crowd that the PEPSI you are buying costs less than Rs1 then also people
will buy it and drink it again and again….
Any business or marketing survive on demand and supply mechanism….where is a demand
there is supply…
Without RESONSUMPTION no business can survive long…and do u think QN products are
reconsumable ????
Can i ask some simple questions?
How much survey you had done before joining QN?
Had you read P&P documents before joining?
Had you read Terms & Conditions Before prurchasing?
Had you verified each and every terms/facts before joining?
Please answer honestly and if your answers are yes…then congratulations you are really a
typo businessmanfor whom profit only matters nothing extra…no means for relationship or whatever…
All the best buddy….
RAG says
@RRK
Oh my god..again the same debate…
So mr XYZ/ABC had done MBA before joining NM/MLM 🙂 great
But i didn’t the same, yeah but i joined it and also made a
two figure team in just two weeks.
After that i realized that what i was doing a B*******T job.
I may earn some money here but on whose cost on my friends/relatives.
I feel pity on myself. I was started looking all my friends/relatives
as customers and neighbour as marketplace. And yeah one can make some
new friends here but only if he/she joined this B*******T job or a prospect.
If some of your friends havn’t joined you,will be termed as looser only.
No i think who joined this are looser,they are the lucky one.
If you have researched about MLM/NM you must find out that here drop-out
rate is 98%, ie 98% pepole leave it on first few days for whatever reasons..
and in this MLM they will be termed as loosers….You selfish people made them
loosers….
There are a lot of ways to earn with respect….if you have confidence on
yourself you will definately succeed..
why are you shouting on so called superstars…they didn’t force anyone…If you
will shout in crowd that the PEPSI you are buying costs less than Rs1 then also people
will buy it and drink it again and again….
Any business or marketing survive on demand and supply mechanism….where is a demand
there is supply…
Without RESONSUMPTION no business can survive long…and do u think QN products are
reconsumable ????
Can i ask some simple questions?
How much survey you had done before joining QN?
Had you read P&P documents before joining?
Had you read Terms & Conditions Before prurchasing?
Had you verified each and every terms/facts before joining?
Please answer honestly and if your answers are yes…then congratulations you are really a
typo businessmanfor whom profit only matters nothing extra…no means for relationship or whatever…
All the best buddy….
RRK says
@X -men, DSB
Thank you buddy..
@RAG @ Chintan
I always see people speaking without basic knowledge of ‘business’, Have you ever tried to do any business?? Its hard fact that richer people are becoming richer and poor families are struggling for life. I support NM bcoz it avoids crores of rupees flooding to famous celebrities. You guys wont speak a word when so called super heroes come in reality shows(make crap shows and get huge money). Its in hand of Indain common man to judge whr he wanna see himself, just follow those bl**dy csuper heroes and “fill their pocket” or restrict money flow within middle class flow quadrant by NM. Choice is yours, anyways thanks.
Regards,
RRK.
Anand says
Well said X-Men. “Even ‘+’ is made of two ‘-’. Can’t avoid -ves” – It is very true to the core. In the same way, QuestNet is full of ‘-‘ves and they are trying to project the ‘+’ve by arranging them in a creamy way. And your logic seem to match exactly what they are doing. Absolutely you are a master of the subject and well clarified. People do know what the reality is now and are intelligent enough in southern india to keep the scammers away. Thanks for your efforts.
Anand says
Well said X-Men. “Even ‘+’ is made of two ‘-’. Can’t avoid -ves” – It is very true to the core. In the same way, QuestNet is full of ‘-‘ves and they are trying to project the ‘+’ve by arranging them in a creamy way. And your logic seem to match exactly what they are doing. Absolutely you are a master of the subject and well clarified. People do know what the reality is now and are intelligent enough in southern india to keep the scammers away. Thanks for your efforts.
X-Men says
@RAG
Yep Dude you are 100% correct!!!