Vijay Eswaran is the founder Executive Chairman of QI Group of Companies. The firm was established in 1998 in Hong Kong, and it has expanded its multilevel marketing network to 20 countries. It has also diversified into other business ventures like telecommunication, media, travel, luxury products, training, wellness, and corporate investments.
The multilevel business sales a range of goods like weight management kit, personal care products, energy, luxury goods, fashion accessories, and nutritional products. All these goods are sold on the e-commerce platform.
However, unlike most e-commerce business that clients can make a purchase of a product online, with the Qnet, to buy the products one has to have a referral ID number of an independent representative of Q-net.
Qnet has a marketing strategy that follows direct selling and the model of Multi-level marketing. The firm relies on independent agents to refer the products to the consumers. The sales representatives get compensated depending on the sales volumes of their referrals or that of another independent agent that are on their team. Learn more about Vijay Eswaran: http://www.qbuzz.qnet.net/blog/2016/01/26/qnet-founder-vijay-eswaran-speaks-world-economic-forum-2016/
The firm started off by making custom commissioned numismatic coins which was later followed by selling of luxury jewels and watches. In the year 2000, the company became the official distributor of the commemorative coins in Sydney Olympic Games, FIFA World Cup in 2002, Athens Olympic Games in 2004, and Beijing Olympic games in 2008.
The firm has also partnered with B.H Mayers Mint, which is a mint coin facility based in German. In 2002, the company started to diversify partnering with QVI Club brand holidays and getting into the business of travel and vacation.
Eswaran was born in 1960 in Penang. In 1984, he got a degree in socio-economic at the London School of Economics. After completing his education, he stayed in Europe for about a year doing odd jobs like working at construction firms in Belgium, plucking grapes in France, and even as a Cub Driver in London.
Later, he went to the UK where he was introduced to the marketing of the binary system. He was fascinated by this that he got CIMA in the UK and later joined the Southern Illinois University where he attained his MBA.
While he was studying, he also took part at the multilevel marketing business working for Synaptics a U.S. based company. Later he went to Malaysia and started Qnet.