QNET: MENA Region Contributes 38% Global Revenues
Prominent Asian Direct Selling company QNET, announced its exponential growth in the United Arab Emirates (UAE) and its ambitious plans for strengthening its presence in this market this year. It has also embarked on an aggressive growth strategy by raising its income potential for distributors in the UAE with a bold, new compensation plan that is set to bring positive sales growth in fiscal 2015.
QNET recently unveiled new compensation plan called Q10 in the UAE which will give QNET business owners higher income potential and incentives for steady growth.
Direct selling experienced record current value growth of 17% in the United Arab Emirates during 2014, rising to AED 747 million, according to a recent report by Euromonitor International. In the last financial year, the MENA region contributed to around 38% of QNET's global revenues. The UAE remains one of its top 5 markets in the region over the last few years and is the number one performing market in the region in the first quarter of 2015.
Khaled Diab, Regional General Manager of QNET MENA said, eCommerce in MENA region is expected to grow from $95 billion in 2013 to $200 billion in 2020. QNET's business platform is built around eCommerce and with this tremendous potential, we are excited to launch Q10, a powerful new compensation plan for our local Independent Representatives (IRs)to maximise their earnings and succeed in this business.
Diab added, With the power of 10, QNET will pay up to 50% of sales in commissions, and with 10 ways to earn, true residual income and lasting wealth are within reach of every QNET IR. Q10 will be the ultimate game changer simply because the move is aimed at inspiring QNET IRs to build solid, long-term growth and residual income. It is a very bold move by the company to change the compensation plan, but we are confident it will bring us the desired results.
According to Diab, the compensation plan is the lifeblood of the company as the many benefits in the plan will undoubtedly drive the success of QNET IRs. Among them include retail profit, early payout and dynamic as well as repeat sales commission.
When asked why it is called Q10, Diab explained that the super hybrid compensation plan multiplies the IRs earning potential with the power of 10 ways to earn.
Our IRs are QNET's most important asset and with Q10, we are rewarding them with a dynamic compensation plan that will let them live their dream and build their prosperity. In addition to new income channels, the plan's strongest aspect is the ability to create more volume and more income. All they have to do is focus on these key behaviors: Refer, Repeat, Rise and Retain, concludes Diab.
QNET forecasts massive growth potential for the direct selling market in the UAE with the exciting, powerful, life-changing Q10 compensation plan now firmly in place.
As a prominent Asian direct selling company, QNET provides a wide range of life enhancing products that are offered through its proprietary e-commerce platform to customers and distributors in more than 100 countries. The company also has some 25 offices and agencies worldwide, and more than 50 stockists, apart from localized operations or franchisees in a number of countries. In UAE QNET operates from 3 locations, offices in Dubai and Abu Dhabi as well as a logistics hub in Mussafah.
Established in Hong Kong in 1998, QNET is a member of the Direct Selling Association of Malaysia, Singapore, and the Philippines. QNET is also a part of the Hong Kong Health Food Association and the Health Supplements Industry Association of Singapore among others.
QNET is active in sports sponsorships around the world, including football, badminton and more, due to the company's strong belief that the drive, passion and teamwork of sports mirrors that of QNET. QNET recently signed a new and exciting partnership with Manchester City Football Club (MCFC), as its official direct selling partner for three years.
Get more information, facts and figures about QNet, click here for the QNet overview.