I READ THIS ARTICLE ON MOUTH SHOUT.COM. EXPERIENCED THE SAME THING HAPPEN TO ME QI Group has done it again. This time India and Bangladesh are the targets. Here is the my experience when I was introduced, probably you can relate. -------- Story at CCD Square, nr. UB City, Bangalore -------- 1) Some of your friend would introduce you to an "amazing" business opportunity. No mention of "how". Only words like "Hardwork", "Seriousness", "commitment". When you ask more he would tell you, the seniors will discuss with you. 2) You get excited, he will fix up a meeting at public place like CCD. (Why not an registered office ?) 3) Before the senior comes, you will be told how well he is doing, and he is your friend’s ideal ! 4) Next that senior comes. He will spend ~2 hrs just to explain Who started this company,(QI) What jobs they left, now how much they are earning. 3% | 97% divide of wealth. Some "live" examples of luxury car owners, purchasers of flats on debit cards. e.g. VIP Group head, CITI AVP, IIMA allumni, DATO’ Vijay Eswaran. The flaws in existing marking model: MAD(Mkt,Advertising,etc) costs. Flaws with corporate culture: You boss would not share business secrets with you. Here your "partners" would die to help you at 3 AM. Flaws with your job. If you die, your kid won’t get the same job. But he would get partnership in QI group. Competitive culture of corporate vs. Collaborative Friendly helping culture of QI. 5) Next will come product part: They could convert Water to air. They created a magic glass article which purifies even crude whisky to pure water. A spoon of powder=10 bowls of oats. Note: No mention of if they produce it. If so, where is factory, workers, RnD. If they are just marketing, which is the source company, what is their margin etc. Funny(sic) part is to see the glow in your friend’s eye and hands shivering with confidence. 6) In between no matter how curious you become, they won’t come to the point: Product. 7) It’s already 2 hrs. You become impatient. Now they tell you power of duplicacy. Einstein suggested this power would change the world. Bill Gates in his book(Whose name they will forget), mentioned that, if he would not have created Microsoft, he would be in duplicacy business. 8) You may invest 1.75L to 6.75L to earn crores. There is some CAP, but they won’t clearly explain you. 9) When you insist, topic changes. WHY is important not HOW.e.g. If your family away is in trouble, you won’t think how will you reach there. You would just reach there ! The imp. thing is WHY you want to do it, now HOW. (Ans: Any layman in the world knows WHY: bcoz he wants crores investing lakhs, with how much ever hard work required. Real Imp thing is HOW.) 10) After 2hr 45 min. you get tired. He will tell you, he will make you meet more senior(read demigod), person. You would guess, it would be in evening or next day, out of surprise, he will drag you to another table or outside CCD.) !! You will be surpised to see there are 15 more such gurus here ! You will be just baffling talking to them, fearful of such crowd. Trying to give random answers they will catch you. 11) If you show doubts, you have to meet 4 other persons you can’t refuse. First question asked: "What did you like the most ?" Perplexingly, you would reply "Business Potential", "Equal Opportunity", see the smile on their face. 12) Raise some concerns and be overwhelmed with arguments: Think HOW not WHY. Detail is just numbers. Dont think about financials, just trust the Rock Star standing besides you, your friend ! You could look the confidence in your friend’s eyes, who until now religiously following his gurus. You get some more gyan: If you want to learn swimming, and you could see a life guard, you don’t think HOW should I swim. You just JUMP IN. Your friend(Life guard who himself does not know to swim?) would save you. And come on, Microsoft itself has made their portal(Which I doubt). If they can trust QI, why not you? As if, I buy Nokia mobile, means Nokia trusts me :) 13) Did you ask for Risk factor? Only risk is: COD(Cost of delay). More you delay more you loose. Jump in NOW. 14) Result: If you are lucky: You lost entrepreneurship opportunity to become your own boss, to become partner not salesman. If you too come across, ask yourself following: 1) Simply put business = "Produce/Purchase a product for X and sell it for X+Y. Y is your profit." Can they explain you what is X and Y here? Here money is coming from other partners not from customers. Definitely, people on top will benefit, all others loose. 2) Why don’t they sell products to end users ? After all, organization would make money from outside not inside. (Ask about the customer login on the portal, you would get angry faces) 3) Example they give you: you get 2 partners after a month. they will get 2 more and so on. End of yr: 8192 partners. Suppose only 50% of them succeed(Not you!), you get 4096 partners = few crores. My friend, with 50% success rate it would be only 12 partners out of 8192, NOT 4096. Do the math: If I refer 2 persons, if only 1 of them works, the whole tree branch is lost. Similary so on.. only 12 partners possible. 4) End of 3 year you would reach 2^36=68 Billion persons. With 99% failure rate too, you will have 0.6 billion persosn. FYI: India’s population = 1 Billion. Next year onwards, you will have to recruit Aliens !! 5) Even if your friend was successful, that does not mean you will. Only first few levels will be successful rest will be doomed. 6) Btw, quick google on "vijay eswaran arrest" would show you enough links of 2007 episode. 7) GoldQuest, QuestNet, QI, QNET: All belongs to same origin. 8) WHY and HOW both are important. Dont be diverted by the analogy, you also could give some. 9) Beware of motivational material, youtube videos, texts, success stories. Do your research before investing. Don’t jump in. 10) In any case take your time.
Posted on: Thu, 15 Aug 2013 19:25:42 +0000
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