The future of the direct selling industry, even during a pandemic, looks promising. With the novel Coronavirus impacting the global economy, the loss of jobs is nothing short of overwhelming. Therefore, the demand for independent career opportunities has increased. Today, in this article, we discuss the types of compensation plans in direct selling and their impact on starting a direct selling business in India.
The purpose of entrepreneurship is to be your own boss. Although working in a corporate environment offers job security and a monthly paycheck, the ability and leverage to explore new opportunities are limited.
Today, living in a digital world, the growth of flexible and independent career prospects is inspiring. With millennials constantly on the move, direct selling companies like QNET focus on working with young and diverse talent.
Furthermore, joining a direct selling company is safer and reliable when compared to starting a direct selling business in India from scratch. Meaning, joining QNET and buying QNET India products can help you start a business in India.
What’s more, registering with QNET gives you access to training, marketing and e-commerce tools, so you are on top of your game.
Therefore, join QNET India and start your entrepreneurship journey today!
QNET Business Opportunity – All You Need to Know
Before jumping into a QNET business opportunity, let us talk about QNET as a brand.
Started in 1998, QNET is one of the first companies to introduce the idea of e-commerce in direct selling. Back when direct selling relied on personal interactions, QNET redefined the sector by showcasing the power of accessibility, convenience and transparency.
With over 25 offices across Asia, Europe and the Middle East, QNET continues to pave the way and empower millions across the globe. Did you know, buying QNET India products via the QNET India eStore can help you start a business? Yes, you heard that right!
Via an accessible QNET India registration process, you can access products that range from lifestyle, nutrition, health supplements, home & living, watches, jewellery and exquisite tableware.
Buying QNET India products can leverage starting a direct selling company in India or the best gifting opportunity. Keeping in mind that the festive season is right around the corner, QNET products is your one-stop destination for everything!
What is a QNET Business Opportunity?
Joining a direct selling company is not an easy task. Although it takes great courage to transition from working under somebody to starting a direct selling business in India, we must be responsible for staying updated with market trends.
Before we start, let us take a detour.
Now, do you know what a Pyramid Scheme means? Approximately two decades ago, the direct selling industry was not under regulatory bodies. In the name of direct selling agencies, people were cheated and lured into Ponzi schemes, which eventually damaged the reputation of direct selling.
A Pyramid Scheme is an illegal business activity without any products or services. The goal is to attract investors who can pool money in exchange for products. For example, if you are a member of a Pyramid Scheme and recruit more people, you receive commissions.
Therefore, a Pyramid Scheme is a Fraudulent business activity, which is not good for the direct selling industry.
On the other hand, a QNET business opportunity is completely legal and safe.
To quote an example, QNET is a leading member of international associations. For instance, QNET is a member of the Direct Selling Association of Malaysia, the Direct Selling Association of Singapore and the Direct Selling Association of UAE.
In India, QNET is a member of ASSOCHAM, CII Karnataka, PHD Chamber of Commerce and Health & Dietary Supplements Association (HADSA).
Therefore, joining QNET or purchasing QNET India products to start a direct selling company in India is safe, credible and legitimate.
QNET India Registration – Direct Selling Made Easy
As discussed, direct selling is not a get-rich-quick scheme. It takes hard work and commitment at the highest level to achieve success in the direct selling industry.
Therefore, before you transition into starting a direct selling business in India, make sure you are updated on trends, technology and business guidelines.
Via the QNET India registration process, you can join from the comfort of your home and start your entrepreneurship journey.
Visiting www.qnet.net and registering with a nominal fee, personal details and referral ID, you can access the QNET virtual store.
Via the QNET virtual store, you can access training, marketing and e-commerce tools to stay one step of the others.
The QNET India eStore is an e-commerce platform that allows you to select between a wide range of QNET India products and receive the latest product updates.
Once you enrol as a QNET India representative, your power is leverage. From mentorship programs to engaging in global events like the QNET V-Convention Connect 2021, you have the freedom to choose and be your own boss.
Register today!
Types of Compensation Plans in Direct Selling
Compensation plays a vital role in direct selling success. The aim of financial independence is to pursue your passion without having to worry about money.
Some of the important compensation plans in direct selling or multi-level marketing are as follows:
Equal Opportunity Compensation Plan
Did you know? The direct selling industry is one of the few business sectors that does not discriminate. Be it a doctor, engineer, student or a homemaker looking for potential earning possibilities, QNET offers it all.
The idea of joining a direct selling company is to represent, sell products and encourage others to join a direct selling company. At QNET, you move up the ranks by selling QNET India products.
Furthermore, as you get experienced, you can lead a team of direct sellers and earn step commission based on products sold by the entire team.
Binary Compensation Plan
This is the oldest and most traditional form of compensation plan in direct selling. Meaning, you have infinite possibilities to earn commissions from your team.
Generally, once you reach the upper ranks, you handle a maximum of 4 direct sellers. These four direct sellers manage a team of 5 direct sellers each. Therefore, the depth of product sales by your downlines is infinite, making the Binary Compensation Plan the most effective.
However, some of the best direct selling companies still use it as it reaps the rewards. Studies suggest that 90% of companies using the Binary Compensation Plan tend to fail. The rest, 10%, who are willing to work hard and smart succeed using the same compensation plan.
Matrix Compensation Plan
Next comes the Matrix Compensation Plan. This is designed so that every member benefits equally. The Matrix Compensation Plan allows a direct selling company to control commissions to direct the business towards a common goal.
Furthermore, types of compensation plans at QNET are designed in such a way that everyone starts from the bottom. Nobody is given special attention, and it depends on people to unleash their potential and reach the top.
Future of Direct Selling in India
Anybody can attempt to start a business. However, to start a direct selling business in India and to stay consistent and driven is a different challenge altogether.
Mentorship programs at QNET India ensure that direct selling representatives are motivated at all times. According to associate QNET V-Partner NASIB BR, “At QNET, there is always someone looking over your shoulder”. Keeping this in mind, success is inevitable with your peers willing to push you at every stage.
Dev Wadhwani, a QNET V-Partner, believes that success in the direct selling industry or network marketing depends on working with people. From primarily dealing with finances, Dev Wadhwani believes that joining QNET is nothing short of a paradigm shift.
Also, as a QNET representative, you are constantly interacting with people about QNET India products. This offers the leverage of developing interpersonal skills, achieve financial independence and boosts confidence at the highest level.
According to the World Federation of Direct Selling Associations, India saw 7 million direct sellers in 2018-2019. The best part? This number is projected to grow to 18 million by 2025.
Therefore, considering the types of compensation plans in direct selling and the future of starting a direct selling business in India, the future of direct selling looks bright! Register today and be your own boss at QNET India!
