QuestNet was founded in Hong Kong in 1998 it was initially known as Goldquest, QuestNet operates as a direct selling company providing a variety of consumer products including watches jewelry, holiday packages and energy products.
In 2003, the company rebranded to QuestNet. In 2010, the name of the company was shortened to Qnet.
The company’s marketing strategy is based on a multi-level marketing model which depends on a group of independent representatives who refer its products to consumers and receive compensation based on the sales volume of their referrals and the sales volume of the other independent representatives in their teams who are arranged in a binary fashion.The plan operates by the recruitment of customers by existing Independent Representatives (IR). An IR is provided with an ID that gives access to a ‘Tracking Centre’ (TC) in its computer system through which the IR’s sales are tracked. A TC has a left and right customer group. Every customer owns a TC which is then placed on the left or right customer side of the IR’s TC. A ‘direct’ transaction (your sale) is counted as 1 transaction. An ‘indirect transaction (someone in your TC sells) is also counted as 1 transaction. The company pays $250 each time 3 product sales on an IR’s left customer group are matched by 3 product sales on the right.
A true innovator within the industry, QuestNet had the foresight in 1998 to combine the then-recent phenomenon of e-commerce, with the long-established distribution method of network marketing. The result was a defiance of geographical borders within an industry that holds immense potential for personal and financial growth. QuestNet’s key markets are found within South-East Asia (where the company was founded), Southern Asia, Northern and Central Asia, the Middle East, and Africa; however QuestNet distributors are active worldwide. The future is set to see the company expanding into Europe, North and South America.
While the company’s global presence continues to grow, QuestNet is actively localizing companies in various markets to meet growing demand and to better service local needs. Localized companies operate with tailored on-ground support, services, infrastructure, currency, and local products. To date, QuestNet supports localized companies in Malaysia, the Philippines, India, Taiwan and Sri Lanka; soon to follow are Singapore, Turkey, Indonesia, the UAE, and Thailand, among other key regions. Through a careful combination of localized companies, Network Support Centre’s (NSCs), and agent representative offices, QuestNet strives to continually expand its local, on-ground support to best service an expanding retail customer base and a growing network of distributors.
QuestNet, the flagship of the QI Group of Companies, is driven by the mission of ‘Raise Yourself to Help Mankind’ (RYTHM). This philosophy is embodied in many widespread educational, environmental, cultural, and disaster relief philanthropic initiatives, which are enabled by our corporate social responsibility arm, the RYTHM Foundation.
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