[extracted from http://codecritic.in/index.php/tag/questnet]
Questnet gold scheme is the buzz thats taking rounds in Bangalore nowadays. Not that it hasn't been around, but sounds like it has caught up once again. Last week one of my friend pulled me over for one such meeting where the talented marketers tried to convince me to enroll for this questnet business. I made an attempt to understand this is all about and how it works. After analyzing it thoroughly, it made me wonder how the so called 'intelligent IT' folks are falling prey for a vulnerable business model in which QuestNet is operating. Let me write here on what I mean by vulnerable business model.
To become a QuestNet 'partner' (business term), one needs to pay about INR 33k. By paying so, you become the privileged owner of a 'Gold Coin' of about 6 grams - this costs about INR 6k. They claim to have numismatic value for all the coins that they are giving away. I need to reiterate the actual meaning for numismatic here, refer to wikipedia for more information. Usually, gold coins get high value over a period of time - probably not in the life span of one generation. Also, I did a bit of search on EBay and other internet sites to figure out how much value these questnet coins can fetch. To my surprise, there were neither bidders nor any proof of a successful selling of such a coin. Now the net loss for an individual by becoming 'business partner' is INR 27k. Now they propose a multi level marketing (MLM) plan to make up your lost money. This goes something like this - Introduce a couple of people as partners and you attract a commission Rs 1916/- per head. Let us assume you introduced A & B. Now to reclaim your money in the form of commission, ask those 2 folks to introduce another 2 each - say A introduces A1, A2 and B gets in B1, B2. This sequence goes on to get your already paid partnership money in the form of a "Interest free commission". There is a catch again, one need to keep introducing new people in the counts of 3, 6, 9, 12, 15.... in a group. If anyone fails on either side of the binary tree, progress halts. In turn this cuts short the money you have already paid.
Now, let me put it in mathematical form. This diagram (thanks to Wikipedia) represents what i have explained all this while. It is mathematically proved that the Number of nodes with two children is always less than half the total number of nodes - Well known as 'Binary Tree Fact'. All the people who enter such a business model at the very early stages are the lucky ones. They will get to spread and introduce new 'Partners' to the chain. However, over a period of time this will reach the saturation level. This is very well shown in the diagram. If you observe the Blue circles, they are the one who joined in the early stages. They represent 11.8% percent of overall population while the circles indicated in Red counts to 88.1%. Hence the top 12% gets benefited from this kind of business model while the alarming 88% will be on the losing side. Think twice before you get in to this kind of businesses. It is up to you to decide on whether you belong to profitable 12% or loss making 88% depending on how you take it to the next level.
Why to become a fool by depositing your hard earned money with someone and they try to get it back by putting others in a fix? If you want to lose your friends and start looking at everyone including friends, relatives, co-workers etc., as targets, then this business is for you. Is this justified trap others to get back your own money in the form of commission? It will kill your good relationship with everyone around you, value of which cannot be quantified. No matter how much you make, you need people and time to enjoy in the society. Even in this material world, money is not everything. There is always life beyond making money, at least not at the cost of making others fools too. Think again.. do you really want to get in?
QUESTNET IS THE BEST BUSINESS OPPORTUNITY ONE CAN GET. IT GIVES YOU A CHANCE TO EARN FINANCIAL FREEDOM, HAVE YOUR OWN BUSINESS,RETIRE IN 3-5 YEARS OR EARLIER, EARN EXTRA INCOME IN CRORES.FOR FURTHER DETAILS EMAIL : email@example.com TO BE A PART OF THE FASTEST GROWING TREE IN THE WORLD. P.S. THIS IS NO MLM/CHAIN OR PYRAMID AT ALL.ITS SAFE AND LEGAL FROM ALL ASPECTS.
I am IR of QuestNet and purchased the Invoice Account + Quest Watch worth US$ 500/- at promotion period.
You can us the Invoice Account to make low cost calls to all over the world and with very clear voice quality from any mobile or landline phone, you will be provided with a Trigger Number, just ring the trigger number and wait for their reply, within 5 seconds you will receive call from UK just follow the instructions and dial your destination number and will be connected to the destination number within 15 seconds. if you don't like the watch instead you can purchase a Invoice Account with Router to use it with your broad band internet connection and make low cost calls reduced by 80% with clear voice quality.
QuestNet Ltd is a limited company registered in BVI and has its Home Office based in Hong Kong
To become an IR (Independent Representative) you shall:
(a) Have a Sponsoring Upline;
(b) Complete the on-line Representative Application Form on the official website of the Company;
(c) Pay a non-refundable registration fee $ 10/-in advance
Upon payment of $10.00 you are given three
(3) FREE tracking centres arranged in a 3-Header
You are now an Independent Representative
* Initially, you are allowed to build only the left and right legs of TC-001. Once you have earned a minimum of one (1) cycle/week for four
(4) consecutive weeks, you will then be allowed to build TC-002 Right and TC-003 Left.
Independent Representative must generate qualifying
volume of at least 1 U.V. (Unit Volume) per TC by either
selling or purchasing a product or a combination of
To be an Activated IR, you must place at least 1 UV on
each side of your TC-001 resulting from your personal
By activating TC-001, you activate all of your other TCs
A Quick Start Commission* (QSC) of US$50.00 is paid
*This will be deducted from commission on Step 1
Upon activation, all volume will be counted retroactively
to the date of qualification of each TC.
Your TCs cannot be activated by your own purchase
The Residual Income Plan is a complimentary plan to the existing Binary Compensation Plan. Anyone with a qualified Tracking Centre (TC) on the Binary Plan can earn from the Residual Income plan.
Under the Residual Income Plan, you will earn commissions and bonuses for referring people who end up purchasing products from QuestNet (to check the different products visit the company site: http://portal.quest.net ).
Several Opportunities to Earn
1. Retail Profit from Sales of Products to Retail Customers
2. Compensation from volume accumulated from each sale of QuestNet Residual Income products in your downline
Under the Residual Income Plan you can have as many Direct referrals (people you referred to QuestNet) as you want in your network. These referrals, in turn, may have as many direct referrals of their own in their networks under yours. These referrals-of-referrals are called Indirect referrals. Together, these Direct and Indirect referrals make up your entire network. There is no limit to how wide or deep your network can become. In order to earn commissions and bonuses you must maintain a monthly business volume worth $50 of purchase or retail sales.
Basic Residual Income.payout
For Basic Residual Income, QuestNet will pay you 6% of the total Business Volume (BV) of
your DIRECT referrals. QuestNet will also pay out 3% of BV for the second level, 9% for the
third level and 15% for the fourth level.
YOU CAN CONTACT ME ON SHERQA@YAHOO.COM FOR ANY QUESTION or visit company site http://portal.quest.net