I heard about Q-Net almost a month back. When it was presented to me for the first time, it sounded one of the most promising investment proposal. If I had enough captial with me at that time, I would have been doing business for Q-Net rather than writing this blog. But today, I look at the way they do business from a different angle and what I see from my current perspective does not look bright. Now I have decided that I dont want to do anything with Q-Net. So what really happened, you would ask. The best way to answer this question would be by describing the two different perspectives I had with the Q-Net style of business.
Q-Net is a product based company that uses network marketing for sale of its products. It is based out of Hong Kong, and has been in this business for more than a decade. So how does Q-Net sell its product? Suppose you liked something offered by Q-Net and bought it. Now you can also be a sales person for the company. But there is a catch. You can sell the products only to two people and not more! So if A, B, C and D are your friends, then you can sell the products only to two of them, say A and B. So what if C and D also like the product? They cant buy it from you directly. You can introduce them to A or B and then ask either of them to sell the products to C and D. It does sound a bit restrictive method of doing business right? If you have 10 friends who could be potential buyers, they cannot buy the product directly from you. You will have to make them buy from A or B. And if A and B have already found their own buyers, then you have to go around and find who these new buyers are and see if they have sold their products. If not, then you can introduce your friends who are willing to buy the product. Why would anyone take such trouble?
A major reason why people are willing to take this sort of trouble is the way Q-Net has branded itself. Anyone who buys product from the company is not a buyer for them. He is an adventurous and ambitious businessman. The amount spend on the product is more an investment than the price of the product. So if you buy a product, you are more a business person willing to invest some of your money in a promising entrepreneurship, than just a buyer. The success of Q-Net is that it is able to almost completely erase the buying-product-at-a-price concept from its networks and replace it with invest-for-maximum-return kind of thinking. You come into the network, not to buy the product, but to do a business. And just like any other business, you need to raise an initial investment. As a token of appreciation from Q-Net for doing business with them, they will send you a product worth the amount you have invested. Thus it is a double bonus-not only do you get return for your investment, you will also be given a quality product worth the amount that you invest.
We saw the image change of Q-Net from a company selling products to a platform to do business. If I am interested in doing some business, how will I get returns for my investment in Q-Net? It is by finding more such people who are interested in business. The more number of people i find interested in investing their money, the more returns I will get. But there is a catch! I can add only two persons as my fellow business partners. If i find any one else willing to do business, they will be added as the partners of my partners(Remember my friends A,B,C and D?). So A and B will come directly under me as new business men and C and D can come in as friends of A or B. It would mean that whatever return I get by adding C and D, A or B(whoever added C and D) will also get a share(In fact they will be more benefited than me!).
This catch means that if I want to increase my return then I cannot do so by adding someone directly below me. But i will have to add the new person below C or D. Thus, to get more returns, I will have to help those who have joined below me. Converse would mean, if i did not find A and B, those above me would help me in finding someone. Thus you are not alone in this business. There will always be someone who is willing to help you in finding a new partner. This spirit of team work will give you a feeling of protection-a feeling that someone genuinely want to help you prosper and help in increasing your confidence and increases your chance of maximizing your profit.
Now lets see how their business works. I will have to put in an initial investment of 30K(By buying a product, which is mandatory to start the business). Then I will have to add people below me. If i have 3 people each added to my A side(A,C and D) and B side(B,E and F), then I am guaranteed of a remunerative amount of 11.5K. As I go on adding 3/3(i.e 3 each on A side and B side), for each 3/3 I will get 11.5K as my return. The company check for such 3/3 pairs on a weekly basis. So if I add A and B in the first week and they add C,D,E and F on the second week, I will get my 11.5K on my second week. In the third week, there are 4 guys-C,D,E and F- on the look out for prospective business men. If all of them are able to find their partners in the following week, for me, there will be two pairs of 3/3 which translates to 2*11.5K as my return. Thus if everything goes as per the plan, I would be able to make a profit from my investment by the month end! I know it is a bit far fetched. Practically, by the end of the year at least, chance of me finding enough people below me to ensure profit is high.
If you were expecting me to disprove the above claim, of break-even within a year and profit from there on, then you were wrong! I believe that it is very much possible. I am not here to prove that Q-Net is a fraud company. In fact, those who introduced this proposal to me were as genuine as anyone could be and were already into this business. I also don't think that they were fooled into it. And I am almost certain that they will get back their initial investment and a lot more profit from this business. So whats really wrong with me? What is bugging me?
The problem is that I started to look at this business structure from a different perspective. So what is this different perspective? This post has already become too long to include the other side of the coin. So shall we wait for my next post to discuss the reasons why I don't want to do this business even though I find it legitimate, good value for my money and where teamwork is not an option, but a necessity.
Q-Net is a product based company that uses network marketing for sale of its products. It is based out of Hong Kong, and has been in this business for more than a decade. So how does Q-Net sell its product? Suppose you liked something offered by Q-Net and bought it. Now you can also be a sales person for the company. But there is a catch. You can sell the products only to two people and not more! So if A, B, C and D are your friends, then you can sell the products only to two of them, say A and B. So what if C and D also like the product? They cant buy it from you directly. You can introduce them to A or B and then ask either of them to sell the products to C and D. It does sound a bit restrictive method of doing business right? If you have 10 friends who could be potential buyers, they cannot buy the product directly from you. You will have to make them buy from A or B. And if A and B have already found their own buyers, then you have to go around and find who these new buyers are and see if they have sold their products. If not, then you can introduce your friends who are willing to buy the product. Why would anyone take such trouble?
A major reason why people are willing to take this sort of trouble is the way Q-Net has branded itself. Anyone who buys product from the company is not a buyer for them. He is an adventurous and ambitious businessman. The amount spend on the product is more an investment than the price of the product. So if you buy a product, you are more a business person willing to invest some of your money in a promising entrepreneurship, than just a buyer. The success of Q-Net is that it is able to almost completely erase the buying-product-at-a-price concept from its networks and replace it with invest-for-maximum-return kind of thinking. You come into the network, not to buy the product, but to do a business. And just like any other business, you need to raise an initial investment. As a token of appreciation from Q-Net for doing business with them, they will send you a product worth the amount you have invested. Thus it is a double bonus-not only do you get return for your investment, you will also be given a quality product worth the amount that you invest.
We saw the image change of Q-Net from a company selling products to a platform to do business. If I am interested in doing some business, how will I get returns for my investment in Q-Net? It is by finding more such people who are interested in business. The more number of people i find interested in investing their money, the more returns I will get. But there is a catch! I can add only two persons as my fellow business partners. If i find any one else willing to do business, they will be added as the partners of my partners(Remember my friends A,B,C and D?). So A and B will come directly under me as new business men and C and D can come in as friends of A or B. It would mean that whatever return I get by adding C and D, A or B(whoever added C and D) will also get a share(In fact they will be more benefited than me!).
Now lets see how their business works. I will have to put in an initial investment of 30K(By buying a product, which is mandatory to start the business). Then I will have to add people below me. If i have 3 people each added to my A side(A,C and D) and B side(B,E and F), then I am guaranteed of a remunerative amount of 11.5K. As I go on adding 3/3(i.e 3 each on A side and B side), for each 3/3 I will get 11.5K as my return. The company check for such 3/3 pairs on a weekly basis. So if I add A and B in the first week and they add C,D,E and F on the second week, I will get my 11.5K on my second week. In the third week, there are 4 guys-C,D,E and F- on the look out for prospective business men. If all of them are able to find their partners in the following week, for me, there will be two pairs of 3/3 which translates to 2*11.5K as my return. Thus if everything goes as per the plan, I would be able to make a profit from my investment by the month end! I know it is a bit far fetched. Practically, by the end of the year at least, chance of me finding enough people below me to ensure profit is high.
If you were expecting me to disprove the above claim, of break-even within a year and profit from there on, then you were wrong! I believe that it is very much possible. I am not here to prove that Q-Net is a fraud company. In fact, those who introduced this proposal to me were as genuine as anyone could be and were already into this business. I also don't think that they were fooled into it. And I am almost certain that they will get back their initial investment and a lot more profit from this business. So whats really wrong with me? What is bugging me?
The problem is that I started to look at this business structure from a different perspective. So what is this different perspective? This post has already become too long to include the other side of the coin. So shall we wait for my next post to discuss the reasons why I don't want to do this business even though I find it legitimate, good value for my money and where teamwork is not an option, but a necessity.
No comments:
Post a Comment