Founded in 1998 by Vijay Eswaran in Hong Kong, QNet is a direct–selling company, based in Hong Kong and is the largest subsidiary of the QI group of companies. The company’s line of products includes fashion accessories, nutrition products, home care items, weight management products, luxury goods and personal care products. Offices of the company extend to the Philippines, Indonesia, Vietnam, United Arab Emirates, India, and Thailand.
QNet business model is that of a multi-level marketing company and the company employs independent representatives to market their products to others who are interested in becoming representatives themselves, and also to consumers who are interested in purchasing the company’s products for their own personal consumption. Representatives are paid a commission that is based on the volume of sales they make for the company. This direct selling strategy has generated for the sales representatives, a means of self-employment that can contribute to the country’s economy. Regulation is being formulated in many of the countries QNet operates, to set clear guidelines for the operation of MLM companies, to regulate their operations, provide assistance for the direct selling industry and ensure their business interests are being served.
One of the co-founders of QNet is Joseph Bismark, who is not only a corporate businessman but also a spiritual leader who has inspired many of his corporate employees with his dynamic leadership style. Bismark’s early years as a child, from age nine years until he was seventeen, were spent in an ashram monk retreat in the mountains of the Philippines. His education there included classical guitar, yoga, and martial arts. These skills are a far cry from what are typically needed in the corporate boardrooms, yet he was able to apply the principles he learned as a child to the corporate world he entered at QNet.
Bismark believes that teamwork brings great strength to an organization. His wants to see all his employees succeed and wants them to grow along with him and the company. He feels that can be achieved by providing the encouragement and the helping hand his employees need to excel at whatever they wish to master. His employees acknowledge the respect with which he treats them and they recognize that his success has in no way tainted his core values for which he is well recognized. Bismark has established many philanthropic associations and gives a lot of his time to the Rhythm Foundation, a Corporate Social Responsibility arm of the QI Group of Companies.