QNET Conveys Ways to Distinguish a Legitimate MLM From a Pyramid Scheme
BANGALORE, June 9, 2016 /PRNewswire/ --
A Vivid Refund Process Distinguishes a Genuine MLM Company From Pyramiding Companies
There has been lot of heat on whether multi-level marketing (MLM) companies offer a product selling scheme or something else. In present day, if somebody gets to know about a compensation plan that resembles a pyramid, one will immediately refer network marketing business which is 'another one of those untrustworthy businesses'. Every profitable and sustainable business model in the world operates on a pyramid structure. Thereby, people should be less concerned with the shape of the pyramid, and more with how it is created and sustained. QNET will help to make one understand what sets legitimate network marketing models apart from the many fraudulent money-making schemes out there.
Unknown truth
In today's world, Google returns 140 million search results for the search term 'Network Marketing'. Each result offers new perspective about the industry which is widely misunderstood, much debated, much-maligned. About 50% of these millions of search results do not throw up positive information; how network marketing has caused the downfall of various economies; how 'victims' have lost millions; and how people promoting direct selling or network marketing should be shunned. One such seemingly famous case is against the Asia's leading direct selling company, QNET. The allegations on them are that they have syphoned lakhs of money from salaried employees. The facts about the great benefits of direct selling through MLM have not fully surfaced, especially in a country like India.
According to Nishchal Churamani, Head of Corporate Communications for QNET in India, "QNET's business runs on an e-commerce platform. It is involved in the business of buying and selling of goods and services, just like any other legitimate business. We use the direct selling model for sale of products. We sell various health, wellness and lifestyle products to registered independent representatives. The products are sent to the on-line purchasers within a short period, thereby completing the process of sale and purchase between the QNET and the purchaser. Hence, the entire procedure is strictly in compliance of the provisions of the Sale of Goods Act. What's more, like any other refund process, the company has done refunds to the tune of almost INR 100 crore in the last four years for genuine complaints."
Clarity in perception needed
Certainly, QNET and other network marketing companies are highly challenged since there is a lack of awareness, misinterpretation and most importantly, lack of legislation to govern the industry. Many developing economies including India, which is a billion-dollar market has made a mark for itself. This gives rise to misconceptions, doubts and general wariness about it. Also, network marketing is word-of-mouth marketing, which means if there are four million people out there promoting this business; the probability of misrepresentation can be high, if not explained the right way.
The differentiator
As many people believe that direct selling has easy and fast money making policy, the fact is, the IRs/ network marketers involved in a legitimate direct selling company have a tough task in their hands that is to achieve their goals. The business needs sincerity, time and effort. A legitimate direct selling company spends millions on R&D for exclusive, innovative and high-quality products that are customized to meet the lifestyle needs of the people across the globe unlike pyramid schemes. Furthermore, network marketers/IRs do not earn any commission through recruitment which is available in case of an organization with a pyramid scheme. These companies are equipped with the expertise and experiences to help their members understand about their business and products. The business policies and procedures are clearly stated in black and white for these companies, binding every network marketer to strict regulations and agreements. In case of any breach of company's ethical code or policies and procedures will result in action being taken against the involved. They also provide with the tracking of purchases made, commission earnings and the status of product deliveries in order to keep a smooth functioning of the process.
About QNET
As a prominent Asian direct selling company, QNET provides a wide range of life enhancing products that are offered through its proprietary e-commerce platform to customers and distributors in more than 100 countries. The company also has some 25 offices and agencies worldwide, and more than 50 stockists, apart from localized operations or franchisees in a number of countries. In UAE, QNET operates from 3 locations, offices in Dubai and Abu Dhabi as well as a logistics hub in Mussafah.
Established in Hong Kong in 1998, QNET is a member of the Direct Selling Association of Malaysia, Singapore, Indonesia and the Philippines. QNET is also a part of the Hong Kong Health Food Association and the Health Supplements Industry Association of Singapore among others.
QNET is active in sports sponsorships around the world, including football, badminton and more, due to the company's strong belief that the drive, passion and teamwork of sports mirrors that of QNET. QNET recently signed a new and exciting partnership with Manchester City Football Club (MCFC), as its official direct selling partner for three years.
Media contact
Sourav Majumder
[email protected]
QNET
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