A Look At The Growth OF MLM Company QNET
QNET is a multi-level marketing and direct selling company headquartered in Hong Kong. The company, which is a subsidiary of the QI Group of Companies, sells various products including luxury goods, personal care products, nutrition products and home care goods. The company was founded by the Chairman of the QI Group of Companies, Dr. Vijay Eswaran.
The company uses direct marketing and multi-level marketing to sell products. In founding the company, Dr. Eswaran sought to leverage the power of people inherent in direct marketing with the wide reach and pervasiveness of the internet.
QNET was founded as a company that would integrate e-commerce and a direct selling force. Dr. Vijay Eswaran left corporate America to return to Malaysia to start the business. At the time he started out, the Asia was experiencing economic troubles. Further complicating matters was his lack of funding as well and connections.
Not one to give up easily, he sought out like-minded partners. They brainstormed on how best to serve others while standing out from the competition. He acknowledges that achieving success has been tough. However, the businessman who is also a motivational speaker and best-selling author thrives on and embraces challenges.
Since the company was started, it has grown by leaps and bounds. Within two years, it emerged among the top three distributors based on sales volume worldwide. It now has offices and operations in various countries like Indonesia, Taiwan, Thailand, Philippines, Ivory Coast, Nepal and the United Arab Emirates.
Over the years, the company has increased its presence globally. This has been achieved by opening new offices and through franchising. The company also works independent contractors worldwide to help it serve and even larger market.
As the company has grown over the years, it has had to invest more not only in distribution but production capacity as well. The company has been establishing manufacturing plants in an effort to keep up with growing demand.
In one of the greatest marketing push and strategy by QNET, the company signed a 3-year sponsorship deal with Manchester City. QNET touted the partnership as a great fit due to alignment of values and histories.The strategic partnership offers great value to both the Manchester Football Club and QNET. It helps increase the visibility of QNET worldwide and further grows the brand. Working with MFC has enabled QNET to reach more consumers and independent representatives worldwide.
Given the track record of the company, the future is promising for QNET. It is one of the nimblest DS-MLM company and is constantly seeking ways to be more efficient and successful. Despite its small size compared to giant MLM companies, it has successfully been giving them a run for their money since its inception.