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Corporate scams: What you should know about the Qnet scam by Sharad Gaikwad





Article Author Biography
Corporate scams: What you should know about the Qnet scam by
Article Posted: 11/02/2012
Article Views: 44
Articles Written: 1527
Word Count: 499
Article Votes: 0
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Corporate scams: What you should know about the Qnet scam


 
Business
Qnet is a very well known company in the corporate sector today. Yet unfortunately, thanks to the cynics, it is only known as the Qnet scam. This company is also known as Questnet and has its headquarters in Hong Kong. The company also operates from a place known well for tourism, Singapore.

Before we go on to the Qnet scam let us talk a little about the company. Qnet is a direct selling company that functions on the marketing strategy of multi-level marketing. This is often known as MLM. It is a very simple strategy, yet has gained a strong hold as far as business economics is concerned, since more and more companies are starting on this basis. The strategy is based on the term ‘refer to a friend’. It means that the independent representative of the company will refer the company’s products and membership to a friend, his family or colleague and will be compensated for it.

Many companies have welcomed this wonderful approach and so did Qnet. The strategy not only satisfies business aspects due to the sales that occur, but also garner a huge interest among consumers as well as encouraging more business pursuits. The company has expanded to Asian countries too, and is quite popular. The company has recovered a good amount of revenue and its members have earned profits as well.

Unfortunately, as they say life is not a bed of roses, the company got engulfed in a wide range of controversies known as the Qnet scam. The scam is such that there have been reports that blame the organization to be fraudulent. It says that the entire company is illegal and even the members contributing to it are not doing it the honest way. The biggest challenge to this statement is that Qnet has always got the necessary permissions from the governments of the countries that it operates from. Where does the question of illicitness in the Qnet scam arise from, then?

The truth is that the company has been wrongly targeted by the rival companies who want to set up their own business and steal their target customers. They want to spoil the huge and credible member base that Qnet has formed, so that it loses the trust of the investors. The false claims are only made to hamper the great reputation that the company has managed to gain in so many years. The biggest problem in the Qnet scam is that there are only write-ups online, but there are no hard facts or proof to prove them wrong.

It is sad that people end up believing false reports, which are nothing but tactics used by companies in cutthroat competition. Not a single claim of the Qnet scam is true. It is even sadder to see members who couldn’t be good salesmen and couldn’t get profits, accusing the company. The growth of the business, however, still tends to thrive, thanks to the trust many of its members have maintained till then.

Related Articles - Qnet, Qnet India, Qnet Complaint, Qnet Scam, qnet review, Questnet, Questnet Complaint, Questnet fraud, Questnet review, Questnet scam,

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