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?
RRK says
Hi back to discussion after a long time.
@rajiv
Despute, any updates?? No buddy, even we have tried, but bank people are not responding(even QN), Bank people are telling despute can be solved if the transaction is within 3 months and have Cancellation Order Statement by QN(Merchant).
@ritu
Good you have bit knowlegde abt Networking Industry. But, concepts of Rich Dad Poor Dad can’t be applied directly, unless you have built strong assets of residual income. Even I had belief that QN is good visionary comapany and V team has great leadership qualities, it turned to be FALSE my freind.
You know much we guyz are in dept, how many products have not delivered ontime? Its total mismanagement and height of neglegancy by a MNC.
I have god concern for networking industry, so keep educated and train yourself wrt to Industry, NOT wrt to a comapany. All the Best.
Regards,
RRK.
rajiv says
Ritu,
Using so much of jargon is a sign of insecurity not intelligence.
I ‘m the victim of this quest net fraud and I have every reason to say that quest works on fraudelent means and so are the people who drag others into this net.
Are you questioning “ethics”? of those who are raising their voice against the company.
What happened to the ethics who those who are in the upper chain. They dont even have the courtesy to call the individuals and sympthaise with the situation. They are all underground,no where to be seen; fear of their OWN lives. They changed their addresses, phone numbers.
Now, contacting quest is next to impossible. There isnt any local contact center who can respond to any queries. Online website is of no use. I raised several tickets and no one is bothered to respond the emails.
rajiv says
Ritu,
Using so much of jargon is a sign of insecurity not intelligence.
I ‘m the victim of this quest net fraud and I have every reason to say that quest works on fraudelent means and so are the people who drag others into this net.
Are you questioning “ethics”? of those who are raising their voice against the company.
What happened to the ethics who those who are in the upper chain. They dont even have the courtesy to call the individuals and sympthaise with the situation. They are all underground,no where to be seen; fear of their OWN lives. They changed their addresses, phone numbers.
Now, contacting quest is next to impossible. There isnt any local contact center who can respond to any queries. Online website is of no use. I raised several tickets and no one is bothered to respond the emails.
raj says
The way ritu is speakng I am sure she is receiving her cheques on time and must have received SPECIAL information about offices opening up
If your company is soooo good, why dont they have the common courtesy to even send us an email directly, regarding the status of the mess they are in, in India, on a regular, say fortnightly basis?
And when u visit the MD in jail, do ask if the food and facilities there are good, for my dear friend you all are headed there!
raj says
The way ritu is speakng I am sure she is receiving her cheques on time and must have received SPECIAL information about offices opening up
If your company is soooo good, why dont they have the common courtesy to even send us an email directly, regarding the status of the mess they are in, in India, on a regular, say fortnightly basis?
And when u visit the MD in jail, do ask if the food and facilities there are good, for my dear friend you all are headed there!
ritu says
It is sad that so many people are giving comments without truly understanding this business. Yes the analysis is good… but do know the cap the company puts on the earnings? So if you reach $3000 earning a day, which my dear friends people have earned and reached, you get paid only that. I am sure people who have been economists and mathematicians and above all Visionaries would not have made such a silly mistake. And besides the company has been around for ten years, i dont think it will go away in such a hurry!
I suggest people read books by Robert Kiyosaki on what network marketing is all about. I have been a skeptic like most of you and have watched the business for over 15 months totally stopped by what if? But today i feel like kicking myself for not having had the courage to change my life at that point
There are very stringent policies and procedures atht laid down for all teh IRs to follow. We cannot not adhere them. On the issue of the ,money going out of India, I want to know;
1. How many of us Indians really pay our taxes, are honest with an intent to earn for the country, not look for jobs with multi nationals? Besides once we earn teh money where are we going to spend the major chunk?? In europe?? america?? or on the pao bhaji in India??? We need to seriously rethink our values
historically anyone who tries to change a mindset is Bombarded with such disbelief, case in point Gandhi, Christ, Art of living, Sai baba. People cannot digest the fact taht there is cahnce to change our lives without rebirth. If taht is the case so be it! let us live in fear and die in fear in the hope taht we will come alive with a renewed energy!
I remember, years back when computerisation was being introduced in the public sector many labour unions went on strikes and claimed taht they will lose their jobs, but look where we are today. This is a mass reaction
Yes Mohan you are right, infact all of you who think of this are right because each one of you live in fear and a hopelessness about life, Yu will not succeed in this business or let alone anywhere else… your dreams will be lying buried somewhere while you sit and curse your destiny. YOu are all scared! Great going great Indians! India was never about fear but we do not understand that, we are so conditioned to think that and worse we use the love for our country as an excuse to stop its progress! do we even understand what being an Indian is? Stop hiding behind so called loyalty to the country, it was never about teh geographical boundaries! Grow up and wake up!
Nobody wants you in the business, it is not meant for negative thinkers, for excuse making individuals, for rumor mongering net inhabiting figure crunchers. Pleas stay in your safe zones, and when the markets crash, hold onto you little loans to make your two ends meet. The world is of cohabiting and networking and co-existence and not for scared conformists
ritu says
It is sad that so many people are giving comments without truly understanding this business. Yes the analysis is good… but do know the cap the company puts on the earnings? So if you reach $3000 earning a day, which my dear friends people have earned and reached, you get paid only that. I am sure people who have been economists and mathematicians and above all Visionaries would not have made such a silly mistake. And besides the company has been around for ten years, i dont think it will go away in such a hurry!
I suggest people read books by Robert Kiyosaki on what network marketing is all about. I have been a skeptic like most of you and have watched the business for over 15 months totally stopped by what if? But today i feel like kicking myself for not having had the courage to change my life at that point
There are very stringent policies and procedures atht laid down for all teh IRs to follow. We cannot not adhere them. On the issue of the ,money going out of India, I want to know;
1. How many of us Indians really pay our taxes, are honest with an intent to earn for the country, not look for jobs with multi nationals? Besides once we earn teh money where are we going to spend the major chunk?? In europe?? america?? or on the pao bhaji in India??? We need to seriously rethink our values
historically anyone who tries to change a mindset is Bombarded with such disbelief, case in point Gandhi, Christ, Art of living, Sai baba. People cannot digest the fact taht there is cahnce to change our lives without rebirth. If taht is the case so be it! let us live in fear and die in fear in the hope taht we will come alive with a renewed energy!
I remember, years back when computerisation was being introduced in the public sector many labour unions went on strikes and claimed taht they will lose their jobs, but look where we are today. This is a mass reaction
Yes Mohan you are right, infact all of you who think of this are right because each one of you live in fear and a hopelessness about life, Yu will not succeed in this business or let alone anywhere else… your dreams will be lying buried somewhere while you sit and curse your destiny. YOu are all scared! Great going great Indians! India was never about fear but we do not understand that, we are so conditioned to think that and worse we use the love for our country as an excuse to stop its progress! do we even understand what being an Indian is? Stop hiding behind so called loyalty to the country, it was never about teh geographical boundaries! Grow up and wake up!
Nobody wants you in the business, it is not meant for negative thinkers, for excuse making individuals, for rumor mongering net inhabiting figure crunchers. Pleas stay in your safe zones, and when the markets crash, hold onto you little loans to make your two ends meet. The world is of cohabiting and networking and co-existence and not for scared conformists
mlmpundit says
hey RAG, You really have got your brains whitewashed by the anti QN bank. I think you did not read about the details of the holiday packages on offer otherwise you would not have expressed surprise on my @VALUE FOR MONEY’ comment. It is so sad that ill-informed people are commenting on a wonderful business oppurtunity.
Rajiv says
Hi Friends,
I remember reading the comments. some decided to dispute with their bank. any updates? whts bank response for this situation? are they willing to help?
Thanks,
Rajiv says
Hi Friends,
I remember reading the comments. some decided to dispute with their bank. any updates? whts bank response for this situation? are they willing to help?
Thanks,
Neeraj Gupta says
Hi mohan – you have done a great job. I was about to fall prey to this scam. Your blog saved me from all possible pain I might have gone though by relying on my friend. I discussed a lot about various points you have mentioned and there was no concrete answer available from him. Neither he nor any of his top level people have any clue on why quest international is silent on Indian affairs and at the same time they are celebrating 10th anniversary across the world. That just shows how shrewed and scamming they are.
Thank you so much for saving so many people from this trap. May god bless you.
Neeraj Gupta says
Hi mohan – you have done a great job. I was about to fall prey to this scam. Your blog saved me from all possible pain I might have gone though by relying on my friend. I discussed a lot about various points you have mentioned and there was no concrete answer available from him. Neither he nor any of his top level people have any clue on why quest international is silent on Indian affairs and at the same time they are celebrating 10th anniversary across the world. That just shows how shrewed and scamming they are.
Thank you so much for saving so many people from this trap. May god bless you.
Chris says
@Kishore..
gr8 Kishore..i think you have taken a good decision…QN is not a good company to work with….
Also please spread the word about QN, you might save someone from misery…
Chris says
@Kishore..
gr8 Kishore..i think you have taken a good decision…QN is not a good company to work with….
Also please spread the word about QN, you might save someone from misery…
Kishor says
Hi guys,
One more Bad news for QN. Feroze khan is arrested.
Agent arrested in Gold Quest case
CHENNAI: The Crime Branch CID police arrested a high profile agent of Gold Quest International here on Tuesday.
M. Feroze Khan (39), a native of Kerala settled in Chennai, was accused of amassing Rs.13 crore as commission in the business network. Feroze Khan was produced in a special court and was taken into CBCID custody for five days.
After 5-6 months of struggling and being a part of worst company, I have decided NOT to do QN anymore. But, I have respect for MLM industry, so I will continue in good sales oriented company. Me and my team have decided to promote some good business(may be MLM or anything sales type).
I personnaly hate selling to family and freinds(who just join bcoz of you, not for product). I am taking positives from business and will go ahead with good people-freindly business. Thanks a lot.
Kishor says
Hi guys,
One more Bad news for QN. Feroze khan is arrested.
Agent arrested in Gold Quest case
CHENNAI: The Crime Branch CID police arrested a high profile agent of Gold Quest International here on Tuesday.
M. Feroze Khan (39), a native of Kerala settled in Chennai, was accused of amassing Rs.13 crore as commission in the business network. Feroze Khan was produced in a special court and was taken into CBCID custody for five days.
After 5-6 months of struggling and being a part of worst company, I have decided NOT to do QN anymore. But, I have respect for MLM industry, so I will continue in good sales oriented company. Me and my team have decided to promote some good business(may be MLM or anything sales type).
I personnaly hate selling to family and freinds(who just join bcoz of you, not for product). I am taking positives from business and will go ahead with good people-freindly business. Thanks a lot.
Chris says
@Kishor
About your support for MLM in general…. You say ” It should be clear NOT to make your freinds n relatives as TARGET,”… then you are going to sell it to willing people…how are you going to find them, knocking on doors of ppl? Of course you can do that (I am talking about common man, not exceptional sales guys)…but do you really think ppl will do that after investing 30K? they will obviously target there frnds and family. Actually what do you think MLM companies expect from you? selling it to ppl you dont know? No, thats against there fundamental business, they want you to sell it your frnds and family, because they are the only ppl who will belive you because of your credibility, why would some unknown person believe you and your product(which has no branding at all (in case of QN atleast))?
I wouldnt hesitate to refer it to my frnds and family if product is really good…and in case of QN its worst, there products are not good, there custormer service is not good, they havent been able to win ppls faith..etc. etc..So i dont think its good company to work for.
About another +ve point you mentioned….Ocean team…I second with RAG…even i know these guys….they just dont have any ethics.they will go to any extent to convince ppl to join..they will teach you perfectly how to fool people….they say in there presentations that dont enter for product, enter for business, wht does that mean? So they dont want to sell product, they just want ppl to join as much and as soon as possible and earn money unethically..they dont care if you fail. i feel, more than QN , these guys are bigger culprits…they are fraudsters…
Please do read your +ve and -ve’s again, you will notice, you yourself have mentioned more -ve points than +ves 🙂
Chris says
@Kishor
About your support for MLM in general…. You say ” It should be clear NOT to make your freinds n relatives as TARGET,”… then you are going to sell it to willing people…how are you going to find them, knocking on doors of ppl? Of course you can do that (I am talking about common man, not exceptional sales guys)…but do you really think ppl will do that after investing 30K? they will obviously target there frnds and family. Actually what do you think MLM companies expect from you? selling it to ppl you dont know? No, thats against there fundamental business, they want you to sell it your frnds and family, because they are the only ppl who will belive you because of your credibility, why would some unknown person believe you and your product(which has no branding at all (in case of QN atleast))?
I wouldnt hesitate to refer it to my frnds and family if product is really good…and in case of QN its worst, there products are not good, there custormer service is not good, they havent been able to win ppls faith..etc. etc..So i dont think its good company to work for.
About another +ve point you mentioned….Ocean team…I second with RAG…even i know these guys….they just dont have any ethics.they will go to any extent to convince ppl to join..they will teach you perfectly how to fool people….they say in there presentations that dont enter for product, enter for business, wht does that mean? So they dont want to sell product, they just want ppl to join as much and as soon as possible and earn money unethically..they dont care if you fail. i feel, more than QN , these guys are bigger culprits…they are fraudsters…
Please do read your +ve and -ve’s again, you will notice, you yourself have mentioned more -ve points than +ves 🙂
RAG says
I would like to add more Points to yours (Obviously i will add -Vs only)
— For whatever reasons QN was banned in some countries like shri lanka,Iran,Nepal or whatever, still you can refer friends in these countries; Just check website.
So if now you refer anybody in these countries this will be called as entirely tour fault, Isn’t it ??
What a cheating company ??? But,please you don’t need to open your eyes..because your eyes are money blinded.
— Company is closed/sealed or whatever since 3or4 may ie approx 5 months … With NO MESSAGE AT ALL from company…Now since 10 days QN is sending some mails about how much they have earned or can be said cheated via it’s IRs from their friends and relatives only…Can’t the MultiBillian Dollar Comapny send about their status to all customers thru mail as they are sending now…What a cheat company…But you need not to open your eyes !!!
— This business start from a LIE and Ends on Disaster to almost 98% of members.
Who is responsible for that?
Those 98% who lose money due to the so called winning attitude persons..Oh no in ur eyes they are LOOSERS ????
— There are endless negatives, some of which i have already told in this blog only…Please read my previous comments also (here only)….The training material …the seminars, the videos …..what teaches to be a money dracula on whatever cost… I was also belonged to so called great OCEAN….But saw the real face of all in last 5 months…
I know now you will say you are very loyal or your team is very great and so n so…Please excuse me if i am going personally but i hate all MONEY DRACULAS like you…. Knowingly or unknowingly you ppls play with our trust between friends and relatives….
Yes you can say company management is wrong so what some friends/relavies are going to loose money , i am getting my cheques…But you will not feel shameless on saying yourself an IR of such a bas**d company…But You need not to open your eyes…
I have seen all these with a very close look… I would love to answer any of your questions??? But my brother you need not to open your eyes???
RAG says
I would like to add more Points to yours (Obviously i will add -Vs only)
— For whatever reasons QN was banned in some countries like shri lanka,Iran,Nepal or whatever, still you can refer friends in these countries; Just check website.
So if now you refer anybody in these countries this will be called as entirely tour fault, Isn’t it ??
What a cheating company ??? But,please you don’t need to open your eyes..because your eyes are money blinded.
— Company is closed/sealed or whatever since 3or4 may ie approx 5 months … With NO MESSAGE AT ALL from company…Now since 10 days QN is sending some mails about how much they have earned or can be said cheated via it’s IRs from their friends and relatives only…Can’t the MultiBillian Dollar Comapny send about their status to all customers thru mail as they are sending now…What a cheat company…But you need not to open your eyes !!!
— This business start from a LIE and Ends on Disaster to almost 98% of members.
Who is responsible for that?
Those 98% who lose money due to the so called winning attitude persons..Oh no in ur eyes they are LOOSERS ????
— There are endless negatives, some of which i have already told in this blog only…Please read my previous comments also (here only)….The training material …the seminars, the videos …..what teaches to be a money dracula on whatever cost… I was also belonged to so called great OCEAN….But saw the real face of all in last 5 months…
I know now you will say you are very loyal or your team is very great and so n so…Please excuse me if i am going personally but i hate all MONEY DRACULAS like you…. Knowingly or unknowingly you ppls play with our trust between friends and relatives….
Yes you can say company management is wrong so what some friends/relavies are going to loose money , i am getting my cheques…But you will not feel shameless on saying yourself an IR of such a bas**d company…But You need not to open your eyes…
I have seen all these with a very close look… I would love to answer any of your questions??? But my brother you need not to open your eyes???
Kishor says
@Kishor
Lets focus on point, +ves and -ves of QN.
+ves:
May be bit sales skills, atleast for me.
To be part of great team OCEAN, definitely improves leadership, positive thinking and entreneunal attitude.
MOUNA, this one is life-management system(outside forums like landmark education, personality buiders charge quite high amount for this).
Imporatnce of winning attitude and rejection in any business and level of trust pass needed with partners.
-ves:
Quite over priced product which no one in India uses(Bio disc is exception).
Late delivery of products and mismanagement by QN and V team.
Targeting family n freinds for business.
Finacial mis-management amoung IT guys(many swiped credit cards for lakhs of rupees and are in hudge debts).
Following old-techniques9which might worked when QN started) and missing of sales techniques and finacial management.
Over edification.
Finally, missing of TARGET market.
Kishor says
@Kishor
Lets focus on point, +ves and -ves of QN.
+ves:
May be bit sales skills, atleast for me.
To be part of great team OCEAN, definitely improves leadership, positive thinking and entreneunal attitude.
MOUNA, this one is life-management system(outside forums like landmark education, personality buiders charge quite high amount for this).
Imporatnce of winning attitude and rejection in any business and level of trust pass needed with partners.
-ves:
Quite over priced product which no one in India uses(Bio disc is exception).
Late delivery of products and mismanagement by QN and V team.
Targeting family n freinds for business.
Finacial mis-management amoung IT guys(many swiped credit cards for lakhs of rupees and are in hudge debts).
Following old-techniques9which might worked when QN started) and missing of sales techniques and finacial management.
Over edification.
Finally, missing of TARGET market.
RAG says
@ Kishor
May be you would be right upto some extent on your own…. But at least this blog is for
QN review and analysis….
I have also attended many so called seminars nad motivating lectures…And know what
has been taught in such seminars …. And i would love to debate on this at any other place (Forum/Blog)..
Leave this blog to discuss all +Vs/-Vs of QN
Kishor says
@mlmpundit and RAG,
Let me be clear abt how MLM runs in India(not only QN, many more, even insurance MLMs). It runs NOT by demand-supply ratio or need or necessity ratio. In India it RUNS by emotional need or TRUST. To be frank, emotional need NEVER has saturation since its people-people co-ordination(atleast for next decade in India).
MLMs in Indai runs ONLY by self-motivation and great gravity called ‘Power of Association’. To be honest, people start to believe whatever they are doing is GREAT and get emotionally attached to business. In USA, they call it religious cult(after Amway practised such high power gravity group activites in USA).
After attending International events and proper research on MLM, I feel there is LACK of training n sales techniques. It has to go a long way in India to get MLM a reputed Industry in India. It should be clear NOT to make your freinds n relatives as TARGET, sell your service to people who need it and willing to business with you. Be honest and run MLM like a business.
Kishor says
@mlmpundit and RAG,
Let me be clear abt how MLM runs in India(not only QN, many more, even insurance MLMs). It runs NOT by demand-supply ratio or need or necessity ratio. In India it RUNS by emotional need or TRUST. To be frank, emotional need NEVER has saturation since its people-people co-ordination(atleast for next decade in India).
MLMs in Indai runs ONLY by self-motivation and great gravity called ‘Power of Association’. To be honest, people start to believe whatever they are doing is GREAT and get emotionally attached to business. In USA, they call it religious cult(after Amway practised such high power gravity group activites in USA).
After attending International events and proper research on MLM, I feel there is LACK of training n sales techniques. It has to go a long way in India to get MLM a reputed Industry in India. It should be clear NOT to make your freinds n relatives as TARGET, sell your service to people who need it and willing to business with you. Be honest and run MLM like a business.
RAG says
@mlmpundit
Again same question….I think your questions are answered a lot of times in this blog itself … read the blog with all the comments …
Again a useless comparison with now Insurance Co. … How many Insurance companies get banned in which countries ???
What do you want to say by “They NEVER force anyone to join.”
Yes no one pickup someone on gunpoint and say to join QN … But do u think only this is forcible joining … What is the so-called follow up in QN?? … Continously hitting the prospects (yes QN make all friends friends and relatives as prospects) mind … Now don’t say that you or your team are very loyal and don’t follow such processes …. Come to reality ….
” VALUE FOR THEIR MONEY? ” ::::::::
This can be simply answered by answering willy on comment 285
Anyways now it’s waste of time to debate on QN … Now it’s real face is out
RAG says
@mlmpundit
Again same question….I think your questions are answered a lot of times in this blog itself … read the blog with all the comments …
Again a useless comparison with now Insurance Co. … How many Insurance companies get banned in which countries ???
What do you want to say by “They NEVER force anyone to join.”
Yes no one pickup someone on gunpoint and say to join QN … But do u think only this is forcible joining … What is the so-called follow up in QN?? … Continously hitting the prospects (yes QN make all friends friends and relatives as prospects) mind … Now don’t say that you or your team are very loyal and don’t follow such processes …. Come to reality ….
” VALUE FOR THEIR MONEY? ” ::::::::
This can be simply answered by answering willy on comment 285
Anyways now it’s waste of time to debate on QN … Now it’s real face is out
mlmpundit says
Mohan,
Could you do a similar search and analysis on the financial working of any ‘LEGITIMATE’ Insurance Co? It might be an eyeopener and might change your views on QN’s financial working which is based on the same principle of many contributing to give payout to a few. You will say that Insurance serves a social need, yes it does but so does QN in their own way. QN gives hope to the 20 million customers worlwide, a hope that one day they will be in a position to fulfill their dreams. Please tell me where can an uneducated, minimum earning person ever hope to make good money.
QN works on referral marketing. They NEVER force anyone to join. It is completely voluntary. A Vacation for 4 adults for a week in 4/5 star hotels in Thailand,Malaysia (Acco only)for 30K is taking people for a ride or actually giving them VALUE FOR THEIR MONEY?
Look forward to your views
mlmpundit says
Mohan,
Could you do a similar search and analysis on the financial working of any ‘LEGITIMATE’ Insurance Co? It might be an eyeopener and might change your views on QN’s financial working which is based on the same principle of many contributing to give payout to a few. You will say that Insurance serves a social need, yes it does but so does QN in their own way. QN gives hope to the 20 million customers worlwide, a hope that one day they will be in a position to fulfill their dreams. Please tell me where can an uneducated, minimum earning person ever hope to make good money.
QN works on referral marketing. They NEVER force anyone to join. It is completely voluntary. A Vacation for 4 adults for a week in 4/5 star hotels in Thailand,Malaysia (Acco only)for 30K is taking people for a ride or actually giving them VALUE FOR THEIR MONEY?
Look forward to your views
RAG says
@ Siddharth and Kishor
Yes buddy…(285)Willy Lim’s question answer is self explaining all the great facts said by any so called networker.
Kishor, If your answer is “Yes” … Hats off to you … God Bless you.
RAG says
@ Siddharth and Kishor
Yes buddy…(285)Willy Lim’s question answer is self explaining all the great facts said by any so called networker.
Kishor, If your answer is “Yes” … Hats off to you … God Bless you.
Kishor says
Hi guys,
I am not in favor or against QN. I am just supporting MLM as a whole. Forget abt QN and just read abt this great article.
A person who is doing First-Class MLM would follow these basic guidelines:
1. They would tell the truth
2. They would only represent a company that has products or services that honestly makes people’s lives better.
3. They would be genuinely interested in a prospect’s success with their product or service – not just in making a profit.
4. They would know the company’s product line and how it differs from similar products. This makes you valuable to consumers.
5. They would be able to get customers and have not less than 20.
6. They would know the MLM industry and be able to explain it simply and without hype.
7. They would know their MLM company and be able to explain it simply and without hype.
8. They would effectively train people they sponsored to sell the product/service. The true test of training is,“Can they do it after their training?”
9. They would effectively train people they sponsored to recruit other distributors.
10. They would ensure the people they sponsored could train their downline effectively.
11. They would not sponsor anyone unless they were willing to train them.
12. They would do what they promise.
13. They would only take part in activities that reflect well on the whole of the MLM industry.
14. They would make valuable suggestions to their company so the product line is the very best it can be.
Kishor says
Hi guys,
I am not in favor or against QN. I am just supporting MLM as a whole. Forget abt QN and just read abt this great article.
A person who is doing First-Class MLM would follow these basic guidelines:
1. They would tell the truth
2. They would only represent a company that has products or services that honestly makes people’s lives better.
3. They would be genuinely interested in a prospect’s success with their product or service – not just in making a profit.
4. They would know the company’s product line and how it differs from similar products. This makes you valuable to consumers.
5. They would be able to get customers and have not less than 20.
6. They would know the MLM industry and be able to explain it simply and without hype.
7. They would know their MLM company and be able to explain it simply and without hype.
8. They would effectively train people they sponsored to sell the product/service. The true test of training is,“Can they do it after their training?”
9. They would effectively train people they sponsored to recruit other distributors.
10. They would ensure the people they sponsored could train their downline effectively.
11. They would not sponsor anyone unless they were willing to train them.
12. They would do what they promise.
13. They would only take part in activities that reflect well on the whole of the MLM industry.
14. They would make valuable suggestions to their company so the product line is the very best it can be.
Siddharth says
of all the comments here …Wily lim was very precise …short n sweet…
answer that and you have answer whether or not QN is a scam…I have written long posts to put across the and wily is just done with one statement! 😉
Siddharth says
of all the comments here …Wily lim was very precise …short n sweet…
answer that and you have answer whether or not QN is a scam…I have written long posts to put across the and wily is just done with one statement! 😉
RAG says
@ Kishor
Hey buddy…Why don’t you think a little before writing…Well one not to be surprised by statement from you guyz who are deeply brainwashed and totally ignorant of reality…
“SELL your goods to someone who really want to do business with you.”
What do you mean by this sentence??? Try to answer this question yourself ??
What does this mean?? A shopkeeper sell another shopkeeper and in turn again he sells another shopkeeper and this process continues ….I think you want to say that…How many shopkeeper you will find ???
RAG says
@ Kishor
Hey buddy…Why don’t you think a little before writing…Well one not to be surprised by statement from you guyz who are deeply brainwashed and totally ignorant of reality…
“SELL your goods to someone who really want to do business with you.”
What do you mean by this sentence??? Try to answer this question yourself ??
What does this mean?? A shopkeeper sell another shopkeeper and in turn again he sells another shopkeeper and this process continues ….I think you want to say that…How many shopkeeper you will find ???
Kishor says
@Rajan Sharma,
good one dude, liked your honest reply. Saturation is there in any MLM, that may be saturation at a particular place, saturation of consumers(bcoz QN has one-time purchase). I really hate management of QN, totally ignorant towards India which sometimes back was No.1 market for them. MLM becomes legimative when you SELL products which people need(as Willy Lim told).
@Sanjay Nair
Ya dropout is heavy, attriction rate is around 5%, You can carry MLM as revenue generator, DONT complete rely on it. When you start earning quite high, you can take it as full-time.
Any marketing needs skilled sales people, MLM is not an excuse. Thats why networkers should focus their target on experienced networkers. Making freinds, relatives, colleagues, neighbours as your TARGET is completely wrong. SELL your goods to someone who really want to do business with you.
Kishor says
@Rajan Sharma,
good one dude, liked your honest reply. Saturation is there in any MLM, that may be saturation at a particular place, saturation of consumers(bcoz QN has one-time purchase). I really hate management of QN, totally ignorant towards India which sometimes back was No.1 market for them. MLM becomes legimative when you SELL products which people need(as Willy Lim told).
@Sanjay Nair
Ya dropout is heavy, attriction rate is around 5%, You can carry MLM as revenue generator, DONT complete rely on it. When you start earning quite high, you can take it as full-time.
Any marketing needs skilled sales people, MLM is not an excuse. Thats why networkers should focus their target on experienced networkers. Making freinds, relatives, colleagues, neighbours as your TARGET is completely wrong. SELL your goods to someone who really want to do business with you.
Willy Lim says
The key to identifying whether a scheme is a legitimate business or scam, is to ask yourself,”Will you buy and use the product if the compensation plan is taken away?”
If the answer is “NO”, then the product is just an excuse to disguise the scam.
Sanjay Nair says
The “Drop Out Rate” of MLM programs is enormous — 98% will drop out immediately, meaning that only 2% will continue with the program over any long period of time. The Promoters will tell this 2% that they are the “successful” ones — what this means is that they have become “successful” scamming other people (who will probably spend their money and then drop out, possibly a big personal loss to them but a profit to the Promoters).
The Promoters know the Drop Out Rate, and know that by far most people will buy in, but then never sell anything and quit, which is one of the reasons why MLM programs are criminal schemes.
The Promoters also tell those who stay in that they are the “well-motivated and lucky ones”. This is 100% false. The people who never sold anything and dropped out are the lucky ones, since they will not be liable for securities fraud or any of the related criminal penalties that goes with promoting somebody else into the program. It is the people who stay in the program who are risking some prison time and a felony conviction for selling an unregistered security.
One of the biggest problems of MLM is that they are marketed to people who are down-and-out and desperate, and who can ill-afford to lose their money by purchasing memberships in these bogus programs.
Sanjay Nair says
The “Drop Out Rate” of MLM programs is enormous — 98% will drop out immediately, meaning that only 2% will continue with the program over any long period of time. The Promoters will tell this 2% that they are the “successful” ones — what this means is that they have become “successful” scamming other people (who will probably spend their money and then drop out, possibly a big personal loss to them but a profit to the Promoters).
The Promoters know the Drop Out Rate, and know that by far most people will buy in, but then never sell anything and quit, which is one of the reasons why MLM programs are criminal schemes.
The Promoters also tell those who stay in that they are the “well-motivated and lucky ones”. This is 100% false. The people who never sold anything and dropped out are the lucky ones, since they will not be liable for securities fraud or any of the related criminal penalties that goes with promoting somebody else into the program. It is the people who stay in the program who are risking some prison time and a felony conviction for selling an unregistered security.
One of the biggest problems of MLM is that they are marketed to people who are down-and-out and desperate, and who can ill-afford to lose their money by purchasing memberships in these bogus programs.
Rajan Sharma says
Kishore, Do you think Questnet or Goldqeust network marketing has security? One need to constantly recruit people to get his commission. In the process of recruiting, You are only gaining at the cost of others loss. There has to be a saturation level at one point. And many countries like Srilanka, Afghanistan have already seen that saturation. Because of that they have have banned this business. The days are not too far to ban this in other parts of the world including India.
Then talk about Job security. I too feel the same way. Networks are not only ruining their life in the quest of greedy money but they are runing the lives of fellow countrymen as well.
Btw., people certainly know who is acting smart. It has been more than 120 days since chennai offices were raided and absolutely no clue on whether they will be opened any further. To add to this, Quest International is celebrating their 10th anniversary of creating a huge pool of fools all over the world but not in India. You want me to say more… Enjoy…
Rajan Sharma says
Kishore, Do you think Questnet or Goldqeust network marketing has security? One need to constantly recruit people to get his commission. In the process of recruiting, You are only gaining at the cost of others loss. There has to be a saturation level at one point. And many countries like Srilanka, Afghanistan have already seen that saturation. Because of that they have have banned this business. The days are not too far to ban this in other parts of the world including India.
Then talk about Job security. I too feel the same way. Networks are not only ruining their life in the quest of greedy money but they are runing the lives of fellow countrymen as well.
Btw., people certainly know who is acting smart. It has been more than 120 days since chennai offices were raided and absolutely no clue on whether they will be opened any further. To add to this, Quest International is celebrating their 10th anniversary of creating a huge pool of fools all over the world but not in India. You want me to say more… Enjoy…
Kishor says
If you are NOT interested, then NO one is forcing you, go back to your JOB. Lets see, already economy is down in US, many have lost jobs and many are gonna lose. There is NO job security, no one is going to keep you until you retire, so wise people think for alternate path.
Pls, Non-networkers and Anti-networkers pls dont come into networking and I feel non-networkers are always a ‘big mistake’ in any MLM. I openly reject non-networkers in my MLM, so DONT try to act smart.
Kishor says
If you are NOT interested, then NO one is forcing you, go back to your JOB. Lets see, already economy is down in US, many have lost jobs and many are gonna lose. There is NO job security, no one is going to keep you until you retire, so wise people think for alternate path.
Pls, Non-networkers and Anti-networkers pls dont come into networking and I feel non-networkers are always a ‘big mistake’ in any MLM. I openly reject non-networkers in my MLM, so DONT try to act smart.
RAG says
@ Kishore
So Mr Great networker..Now you will sell product to another great networker..
And that great networket eill sell the product to you…again you should sell to
the great networker again and he will sell to you…
Do you want to say that???
Whom you want to be made fool or can be said do brainwashed?
Not a single person buys a QN product/service for it’s quality or value…
Everyone has been shown a fake dream and here they hammers on one of the greatest
weekness of an human..GREEDYNESS….
Before writing here…first analyze your words…What do you mean to say…
You are making fun of yourself(We want only commited networkers..ha ha ha…) 🙂 🙂
RAG says
@ Kishore
So Mr Great networker..Now you will sell product to another great networker..
And that great networket eill sell the product to you…again you should sell to
the great networker again and he will sell to you…
Do you want to say that???
Whom you want to be made fool or can be said do brainwashed?
Not a single person buys a QN product/service for it’s quality or value…
Everyone has been shown a fake dream and here they hammers on one of the greatest
weekness of an human..GREEDYNESS….
Before writing here…first analyze your words…What do you mean to say…
You are making fun of yourself(We want only commited networkers..ha ha ha…) 🙂 🙂
Kishor says
Hi guys,
Nice conversations and controversies happening from a long time in this blog. Let me tell you one thing guys, very imporatant thing happening in Network marketing industry, ya now industry is focussing ONLY on experienced networkers, we DONT need crap people who end up commenting, we dont want to waste time on tire-kickers. So, uts better non-networkers and anti-networkers keep away from marketing, No one is interested in you.
I prefer ONE networker rather than 100 crap guys like you who just waste time here by blogging. If you really have guts to expose international markets, NM is the best way. Hope you guys understand.
Kishor says
Hi guys,
Nice conversations and controversies happening from a long time in this blog. Let me tell you one thing guys, very imporatant thing happening in Network marketing industry, ya now industry is focussing ONLY on experienced networkers, we DONT need crap people who end up commenting, we dont want to waste time on tire-kickers. So, uts better non-networkers and anti-networkers keep away from marketing, No one is interested in you.
I prefer ONE networker rather than 100 crap guys like you who just waste time here by blogging. If you really have guts to expose international markets, NM is the best way. Hope you guys understand.