Definition of Fraud - When you go to Google and search for the phrase “definition of fraud”, these are some of the results you’re going to get; – Wrongful or criminal deception intended to result in financial or personal gain, a person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.
We can say a company which is a fraud usually represents itself to the people in a way that is illusory (not its true image). And they end up gaining money through the process. Now the question is, is Qnet a legitimate company or Qnet FRAUD? Before getting to the answer to the above questions, you have to understand that Qnet is just one out of thousands of other Network Marketing companies out there. You should also understand that out of all those companies, some are legit and some aren’t. Some are Network Marketing Companies and others are pyramid schemes. Some are there for the short term (to rip you off or bad administration); some will be there for the next decades and possibly centuries.
There are 7 things to look for in a Network Marketing Company before one gets involved are: Longevity of the Company, Credibility of the Company, Size and Growth of the Company, Products, Compensation Plan, training and YOU (the member). After analyzing the above 7 point, one can state a company is a fraud or not and so in the case of QNET fraud, as speculated.
Longevity: Qnet has been in existence since 1998 (headquarters based in Hong Kong) so that makes the company stable and it qualifies for 10% of companies which have survived in 10+ years.
Credibility of the Company: Is Qnet credible? Let’s see – 2000 & 2002 – Qnet Worked with Vatican making a Commemorative Coin for John Paul II – Worked with the government of Indonesia and received the endorsement of the Bung Hatta Commemorative Coin from HE Megawati Sukanoputri – The former President of Indonesia, 2001 – FAO/UN appointed Qnet as exclusive distributor for its gold coin program to create awareness against world hunger among the public, 2003 – Title sponsor for International Badminton Federation (IBF) World Cup held at Birmingham UK, 2006 – Worked with FIFA becoming the official distributors of FIFA 2006 World Cup Coin Program and FIFA Centennial Coin Program – Sponsored the Brazilian Soccer team in 2006 World Cup – Title sponsor for International Badminton Federation (IBF) World Cup held at Madrid, Spain and many, many more. It’s beyond the scope of this article to be true.
Size and Growth of the Company: Qnet now has 6 Million Independent Representatives and has expanded to more than 180 countries worldwide. 6 Million IR in 12 years, that’s a colossus number, in the given time period. This clearly means the growth is extremely good.
Products: Qnet promotes products of wellness, telecommunication, jeweler, numismatics (gold and silver coins) and vacation. They have captured a great audience which makes their products sell.
Compensation Plan:Only few companies pay BIG money. When mentioned BIG money it means up to $1000 per every person one recruit. Well Qnet pays from $30 to $1700 whenever you recruit a person depending on which product he/she bought. You buy a product once and you have a business for life. The only money you pay is $10 annually.
Training: In regards to training, Qnet has a sister company called The V. The purpose of the V is to nurture, support and train the whole Qnet Network of 6 Million plus. They have offices in different parts of the world offering training and training materials. They own a Studio Company, V Studios which produces very powerful video trainings and they host various conventions in different parts of the world.
YOU: Now the question is can you be successful in Qnet? Do you have what it takes? Are you willing to pay the price for success? You can be in the perfect company which has the perfect compensation plan, but if you don’t take that ACTION, nothing will happen. I hope by now you have the answer whether Qnet is Legit or Fraud. Only you can decide which answer to give yourself. Your part is for your brain to process this and decide; legitimate or Fraud?
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