Have you ever came across or referred by one of your trusted friends or any online, offline advertisement about making quick money? Qnet is also known by its earlier names Questnet, Goldquest, QI Limited. Qnet is basically an e-commerce multilevel chain marketing company that deals in various products like energy, weight management, nutrition, personal care, home care, and fashion accessories. Here we will discuss Is Qnet scam or legal? Qnet works in India under the trade name of Vihaan Direct Selling Pvt Ltd.
QNET HISTORY & FOUNDATION
Qnet was founded in 1998 in Hong Kong by Malaysian businessman Vijay Eswaran with an estimated worth of 500 million dollars. He worked as a cab driver in UK but left the same and did a lot of random jobs. Eswaran was married to Umayal Eswaran who is the Chairperson of a Foundation, which is formed by Qnet. Qnet earlier started its business by selling custom made coins and selling jewelry and watches. It has regional offices in Hong Kong, Singapore, Thailand and Malaysia, and a presence in nearly 10 countries in the name of different companies.
QNET SPONSORSHIP & MEDIA ENDORSEMENTS
Qnet was also the official distributor at the 2004 Athens Olympic Games and 2008 Beijing Olympic Games. Qnet has sponsored various international events like selling Partner of Manchester City Football Club in 2014.
Various Bollywood and Tollywood celebrities like Shahrukh Khan, Boman Irani, Anil Kapoor, Jackie Shroff, Vivek Oberoi, Pooja Hegde, Telugu actor Allu Arjun’s brother Allu Sirish and cricketer Yuvraj Singh have participated in paid promotions and endorsements.
MOTTO OF QNET
REFER to get retail profit and early payout commissions. REPEAT and add more persons for more earning. RISE to get monthly advancements and high payouts, RETAIN your position by earning rank maintenance bonus.
HARSH REALITY- QNet scam or legal
As most of the metro cities, netizens are now aware and doing online shopping, e-commerce, online transactions at a very higher rate as compared to earlier years. Most of products and business places have been converted into virtual shopping places with the aid of the internet revolution.
QNET is now acting nothing less than as a terrorist group sitting in another country and its sleeper cells are working to plant its demolition plans in the name of online selling of its products. Most of the agents or so-called entrepreneurs are from different technical or marketing fields. They target people from the age group 25- 45. You will never realize Qnet scam or legal due to its overview of the online e-commerce portal.
The strategy of attracting people to QNET is splendid and praiseworthy. They won’t target you directly, they mostly use psychological methods for eg. You are just surfing your social accounts, what will you think when you see your friend or colleague pictures clicked with expensive cars, mobiles, hotels, cafe, pubs or a luxurious tour to a foreign eye-catchy place in a cruise. Yes, that’s RIGHT exactly, 90% will think, when will they get this lifestyle. The human mindset is likewise, we instantly get into dreams. Most of us think about easy money. You either ask or praise them for their amazing lifestyles and source of income. Here comes the trap, they would tell you that they are doing business and became an entrepreneur but won’t tell you instantly source. A QNet agent could be your trustworthy friend or colleague. They would then fix a meeting with you at a luxurious place to explain things further. Agents share pictures from their business trips to Malaysia, Dubai or Thailand. They will play an emotional and psychological card with your current lifestyle, how you are earning a few bucks after 9-6 hectic jobs. how you are enjoying holidays without any international tours. They would make you curious and share business plans to earn lakhs and crores in a few weeks and months just by investing little time. They would later share their method of earning quick bucks in the name of products available at the online marketplace. At the time of meeting your friend will come with their so-called business partners to brainwash your current mindset. Qnet agents will later take all your personal and official information and ask you to invest anywhere between 2 lakh to 10 lakh to get a specific position in the downline. They will try their 100% to convince you to invest in the same. Also get your financial details like savings, source and getting loans. Once you are not ready to pay the full amount, they will ask you to pay a small amount to get your position locked. If you paid the same, you are stuck either to pay full or how to get back you paid the amount. They will convince you to pay full and share Youtube videos and ebooks to uplift your earning mood. Agents will get you into such an environment that will confuse you to choose what is right and what is wrong. They will get you to sign a contract to never get your money back even in the case of 30 days money-back promise. Now after a few days, you will be in dire need of money and you will look for further options. They will again convince to get your money back by adding other known persons. On the other hand, you will be invited to some business meetings in Dubai or Malaysia, where you will be uplifted to think like a business person and an entrepreneur. And here comes the same story which you have seen earlier and attracted to a luxurious lifestyle. You start sharing pictures of your tours, lavish dinners, and products. You will start again to convince more people into a chain system to get your money back. Maybe you will convince your own family members or trusted friends.
Celebrity paid promotion creates such an environment that people think that the company and its products are genuine in nature and avoids to make further research for investment. More than 5-10 lakh people lost in this MLM chain system. There is an estimate of Rs 50,000 crore worth of fraud by Qnet.
Paid reviews, fake articles and promotion in support of QNet
You can check a lot of paid articles and videos online. Glassdoor is full of fake reviews. When someone writes genuine reviews about QNet, either it gets removed or it gets hidden under fake ones. Legal notices have been served to celebrities for their alleged promotion of QNet.
QNet is working in more than 30 countries and in India its works under the name of Vihaan Direct Selling Private Limited. This pyramid chain multi-level business has been declared as the Ponzi scheme by the Hyderabad Police and national courts. Bombay High Court rendered it as fraud where one person is fooled and trained to fool others to earn quick money by brainwashing. In India, an estimate of over 50 lakh people are involved in QNet India and the company has generated more than 2 billion in revenue. A lot of cases of suicide under pressure of investment have come under the scanner of government and police. So, quick money making plans can lead you to a huge loss of your savings or could lead you under debt. Beware of such people and stay safe. We hope this piece of information will help in deciding Qnet scam or legal.