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Qnet IR told me how Qnet is not a pyramid system but a binary system. The difference being that the percentage of earning does not diminish as more people join under you, rather a fixed bonus will be given every time someone joins under you and under them and so on. He showed the example using the famous chess board data adding double the amount in every square to show the accumulated cash in crores of INR (read billions !).
Obviously the IR was well versed to confuse you with technical jargon and selling of Qnet products would be referred in Business value (BV). The system is binary but you can add more "tracking centers" by purchasing more. The talk was more about the money and people getting added into the multi level marketing system than the business which Qnet does, confusing me whether Qnet is Scam !
I am a share investor and fan of Warren Buffet. I never invest in any company whose business I do not understand, so I dug deeper into the business of Qnet. Qnet IR told me that the Business is "simple but not easy" (Famous Buffet Quote itself). According to the Qnet IR, Qnet would make profit by selling their products online and rather than spending the money on advertising it is directly selling the product to its customer. Qnet asks its customer to spread the word by mouth. In simple words, the money saved in advertising would be distributed to its IR. Each IR is given a code once he makes any purchase on its website www.qnet.net but for making any purchase too he needs to get the code of a previous registered IR. This way it is easier to track the purchase made, commission/bonus and earning of each Qnet IR. Of course Qnet products and services made no sense to me but I will detail later about that.
One more jargon thrown by the IR was that I would become the Partner of the Qnet service. I asked about the deed and legal formalities involved and immediately he shifted gear back to say that term "Partner" is just for saying so and I would not become an actual partner in the business sense. Obviously I will not get dividends like I get in shares. The Qnet IR did not take pain to show me the website and its products when asked to, since he realized that I was totally uninterested. He reminded me of Murphy's law "If you cannot convince him confuse him".
On my way back with my cousin I realized that she already invested in Qnet services and I was unable to explain her that by joining Qnet she could never come into the Business or an investor side but have to still work as an employee and probably much harder than what she is doing now. I was unable to explain her the MLM networking chain nor that
To explain her, later I made simple webpages at MLM Multi level Marketing
Qnet IR talks in jargon
Qnet IR or Individual Representative was dressed in suit and tie with bulky wrist watch and 3-4 Mobile Phones !! He talked with an authority and talked things which made no sense at all !
He asked about me and few things about my profession (this way he could know how much can I actually invest). This followed by Robert Kiyosaki's famous quadrant about the Employee, Self employed Personnel, Business man and Investor. Obviously majority including you are poor employees. A chart with Time and Money as parameter followed :
- Unemployed people have Time but no money
- Over qualified employees have money but no time
- Normal employees have neither money nor time (you and I fall into this category)
- Investors and rich people have both.
Qnet IR told me how Qnet is not a pyramid system but a binary system. The difference being that the percentage of earning does not diminish as more people join under you, rather a fixed bonus will be given every time someone joins under you and under them and so on. He showed the example using the famous chess board data adding double the amount in every square to show the accumulated cash in crores of INR (read billions !).
Obviously the IR was well versed to confuse you with technical jargon and selling of Qnet products would be referred in Business value (BV). The system is binary but you can add more "tracking centers" by purchasing more. The talk was more about the money and people getting added into the multi level marketing system than the business which Qnet does, confusing me whether Qnet is Scam !
I am a share investor and fan of Warren Buffet. I never invest in any company whose business I do not understand, so I dug deeper into the business of Qnet. Qnet IR told me that the Business is "simple but not easy" (Famous Buffet Quote itself). According to the Qnet IR, Qnet would make profit by selling their products online and rather than spending the money on advertising it is directly selling the product to its customer. Qnet asks its customer to spread the word by mouth. In simple words, the money saved in advertising would be distributed to its IR. Each IR is given a code once he makes any purchase on its website www.qnet.net but for making any purchase too he needs to get the code of a previous registered IR. This way it is easier to track the purchase made, commission/bonus and earning of each Qnet IR. Of course Qnet products and services made no sense to me but I will detail later about that.
One more jargon thrown by the IR was that I would become the Partner of the Qnet service. I asked about the deed and legal formalities involved and immediately he shifted gear back to say that term "Partner" is just for saying so and I would not become an actual partner in the business sense. Obviously I will not get dividends like I get in shares. The Qnet IR did not take pain to show me the website and its products when asked to, since he realized that I was totally uninterested. He reminded me of Murphy's law "If you cannot convince him confuse him".
On my way back with my cousin I realized that she already invested in Qnet services and I was unable to explain her that by joining Qnet she could never come into the Business or an investor side but have to still work as an employee and probably much harder than what she is doing now. I was unable to explain her the MLM networking chain nor that
as the number of Independent Representatives (IR) increases, finding more IR's becomes harder and harder, until those that join late are unable to recover even their initial outlay and the model collapses.source : www.en.wikipedia.org/wiki/QnetTo explain her, later I made simple webpages at MLM Multi level Marketing
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