Multi-level marketing or MLM, is essentially a type of marketing strategy wherein a company recruits marketers to distribute their products and services. The marketer is then compensated for every sale and recruit he brings into the company. It has been classified as a form of direct selling, as it does not require a physical location such as a retail store to sell goods and services. QuestNet is one such type of company that offers MLM opportunities to those who are interested in becoming Internet entrepreneurs. Once you sign up with the company, you will be given a website where you can sell products and services.
Multi-level marketing can be a very profitable venture, though it takes some time before you can make serious money. However, since it is not as time-consuming as a full-time job, a many have ventured into this type of business to earn extra money on the side while they focus on their full-time jobs.
Source: QuestNet Preview on CNBC
Anyone who is interested in multi-level marketing would profit very well from QuestNet. As a representative, you earn commission for the products that you sell and you also get compensated for getting other distributors to promote the products offered by the company. Perhaps one of the biggest advantages to this kind of setup is that you don’t need to spend money on overhead costs. Since the products and the website are provided by the company, you won’t have to spend time, money, or effort developing products and you don’t have to worry about the expensive costs of renting a retail store.
QuestNet does not require business experience to qualify as a distributor. As long as you are willing to promote their products and recruit other people to join the company, you can qualify as a distributor. They offer a wide range of products from home appliances, jewelry, watches, beauty products, weight loss products and even vacation deals. Since these products are highly in demand, you need not worry about having a difficult time promoting and selling. View this QuestNet presentation for more details on its business model and compensation plan.
QuestNet started out in 1998 as a company offering high-value coins and medallions to collectors and potential collectors, utilizing business-to-consumer e-commerce. After being granted official distribution rights to various commemorative coin programs for FIFA, the Olympic Games, and the United Nations, the company became one of the leading numismatics companies in the world.
In 2000, QuestNet formally became partners with B.H. Mayer’s Mint, Germany. Since then, one of the oldest private mints in the whole of Europe has been exclusively producing coins and medallions for the company, particularly the JR Mayer Collections. Then in 2002, the company expanded its product line to include holiday exchange programs and vacation packages with the help of the QVI Club, with the inclusion of the Prana Resorts & Spa added exclusively to the list of QVI Clubs home resorts.
Luxury watches and jewellery found their way into the company’s product line in 2004. In 2005, communications products and services were added into the mix, followed by wellness products the following year. Then in 2008, the company started offering household, body care, and cosmetics products. 2 years later, QuestNet launched new consumable products at its annual convention in Malaysia.
The year 2010 saw the company undergo rebranding and repositioning, though retaining its diversified product line. In order to reflect the progress, the company was renamed into QNet
Today, QNet continues to be a dynamic player on a global scale, leading and influencing the culture of direct selling in Asia, especially in areas where direct selling and MLM are generally new concepts.