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Home Africa Means Business

QNET Clarifies Business Model: A Legitimate Enterprise, Not a Ponzi Scheme

QNET has recently launched “QNET Against Scams”, a comprehensive 360-degree brand awareness and anti-scam campaign to demonstrate its commitment to combating scams

Efo Komla Hukporti by Efo Komla Hukporti
September 5, 2024
in Africa Means Business, Business, Business News, Businessweek, Businessweek  Tv, Hot News, The 54 AFRICAN STATES
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QNET, a global lifestyle and wellness company, acknowledges media reports regarding the arrest of 487 individuals in Kumasi. QNET is fully cooperating with the police investigation to unravel elements of misrepresentation. However, we strongly emphasize that QNET is a legitimate direct selling business, not a Ponzi scheme, as falsely reported.

Unlike Ponzi schemes, QNET’s direct selling model allows individuals to become independent distributors of QNET products, earning commissions based on sales rather than recruitment. QNET’s business model is built on product promotion and sales, not on recruiting individuals. The company has invested in educating key stakeholders, including security agencies and the public, about its business practices.

Additionally, QNET has recently launched “QNET Against Scams”, a comprehensive 360-degree brand awareness and anti-scam campaign to demonstrate its commitment to combating scams and addressing misrepresentation linked to the Ponzi scheme label.

Unlike ponzi schemes that typically collapse within a few months or years, QNET is 26 years old and our commitment to ethical standards remains unwavering, aligning with our mission to empower individuals through genuine opportunities and premium products. QNET is also actively involved in empowering communities through initiatives such as FinGreen, our signature financial literacy programme that has benefitted over 2,700 individuals in Ghana, Nigeria, and Turkey.

QNET has set up a dedicated hotline on WhatsApp (+233256630005) and email network.integrity@qnet.net to receive reports of suspicious activities in its name for prompt action.

About QNET

QNET is a prominent lifestyle and wellness company that uses a direct selling business model to offer a wide selection of exclusive products that enable individuals to embrace a healthier, more balanced life.

Since 1998, QNET’s innovative products and e-commerce-driven business model have helped build a global community of satisfied customers and microentrepreneurs, who are driven by the mission of RYTHM – Raise Yourself To Help Mankind. Popular product brands offered by QNET include the Bernhard H. Mayer range of luxury watches and jewellery, HomePure range of home care products, the Amezcua wellness range, Physio Radiance personal care range, and QVI branded holiday packages.

QNET proudly holds memberships in the Direct Selling Association in several countries, the Hong Kong Health Food Association, the Health Supplements Industry Association of Singapore, and more. QNET is also active in several global sports sponsorships including in its role as the official direct selling partner of the Manchester City Football Club and the Confederation of African Football (CAF), underscoring its commitment to excellence and global reach.  Discover a world of new possibilities with QNET by visiting www.qnet.net

 

Tags: Business ModelLegitimate EnterprisePonzi SchemeQNET
Efo Komla Hukporti

Efo Komla Hukporti

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