Saturday, May 21, 2011

A True Wealth Building Business

If you have ever wanted to create wealth, it would help to understand what it is. Wealth is not the same thing as money. Wealth is as old as human history. Far older, in fact; ants have wealth. Money is a comparatively recent invention.

Wealth is stuff we want; food, clothes, houses, cars, gadgets, travel to interesting places, and so on. You can have wealth without having money. If you had a magic machine that could on command make you a car or cook you dinner or do your laundry, or do anything else you wanted, you wouldn't need money. Whereas if you were in the middle of Antarctica, where there is nothing to buy, it wouldn't matter how much money you had.

A surprising number of people retain from childhood the idea that there is a fixed amount of wealth in the world. There is, in any normal family, a fixed amount of money at any moment. But that's not the same thing. Money is not wealth. It's just something we use to move wealth around. So although there may be, in certain specific moments (like your family, this month) a fixed amount of money available to trade with other people for things you want, there is not a fixed amount of wealth in the world. You can make more wealth. Wealth has been created and destroyed (but on balance, created) for all of human history.

Making wealth is not the only way to get rich. For most of human history it has not even been the most common. Until a few centuries ago, the main sources of wealth were mines, slaves, land, and cattle, and the only ways to acquire these rapidly were by inheritance, marriage, conquest, or confiscation. Naturally wealth had a bad reputation.

Two things changed however. The first was the rule of law. For most of the world's history, if you did somehow accumulate a fortune, the ruler or his henchmen would find a way to steal it. But in medieval Europe something new happened. A new class of merchants and manufacturers began to collect in towns. Together they were able to withstand the local feudal lord. So for the first time in our history, the bullies stopped stealing the nerds' lunch money. This was naturally a great incentive, and possibly indeed the main cause of the second big change, industrialization.

And this is where we find ourselves today, in a world short on job creators and full of job seekers. You see, in industrialized countries, people belong to one institution or another at least until their twenties. After all those years you get used to the idea of belonging to a group of people who all get up in the morning, go to some set of buildings, and do things that they do not, ordinarily, enjoy doing. Belonging to such a group becomes part of your identity: name, age, role, institution.

When we finish school, we are expected to get a job. And what getting a job seems to mean is joining another institution. Superficially it's a lot like school. You pick the companies you want to work for and apply to join them. If one likes you, you become a member of this new group. You get up in the morning and go to a new set of buildings, and do things that you do not, ordinarily, enjoy doing. There are a few differences: life is not as much fun, and you get paid instead of paying, as you did in school.

A company is just a group of people working together to do something people want. It's doing something people want that matters in wealth creation, not joining the group. And this is what you need to understand. You see, for most people the best plan is to probably go work for some existing company. But it is a good idea to understand what's happening when you do this. A job means doing something people want, averaged together with everyone else in that company.

To get wealthy you need to get yourself in a situation with two things, measurement and leverage. You need to be in a position where your performance can be measured or there is no way to get paid more by doing more. And you have to have leverage, in the sense that the decisions you make have a big effect. An example of a job with both measurement and leverage would be lead actor in a movie. Their performance can be measured in the gross of the movie. And they have leverage in the sense that their performance can make or break it. A good hint to the presence of leverage is the possibility of failure. Upside must be balanced by downside, so if there is big potential for gain there must also be a terrifying possibility of loss. Nowadays you don't have to become a CEO or a movie star to be in a situation with measurement and leverage. All you need to do is be part of a small group working on a problem.

Starting or joining a business is as close as most people can get to saying to one's boss, "I want to work ten times as hard, so please pay me ten times as much." There are two differences: you're not saying it to your boss, but directly to the customers (for whom your boss is only a proxy after all), and you're not doing it individually, but along with a small group of other ambitious people. It is important to remember that you can't be a business of one person. You need a team.

Which brings us to the present. The current economic environment has led to many business investors become pessimistic about the global economy. Consumer confidence is low and unemployment is running high. But as Warren Buffet has often noted, economic recessions are when investors can find some of the absolute best opportunities.

Unemployment may be running high, but that shouldn’t deter you from starting your own business. A bad economy after all is the perfect impetus for starting or joining a business. There are needs for temporary agencies, consultants, and webpreneurs. All of these businesses require very little overhead and can be started from the comfort of your own home.

So how does QNET fit in all of this?

QNET as i have explained in several of my previous posts is a direct selling company that utilizes the modality of business-to-consumer (B2C) e-commerce. To find out more about QNET, click here. The purpose for this post to show you why i think QNET is the best wealth building e-business out there.

With QNET, just like many other networking companies out there, you first purchase a high quality product and are offered to a free business opportunity. This opportunity is centered around creating a team of like minded individuals, in the sense that they too wish to own a product offered by the company, but more importantly, to partake in the free business opportunity offered. This after all is how wealth is created, through teamwork. Your team can be grown from just introducing a minimum of two people, and training them through duplication to introduce two others and so on and so forth.

Apart from the obvious benefits of joining QNET such as owning a quality product, getting to work part time and still be able to earn a full time pay, owning a global business, earning passive income that can be used to grow the business or even start up new ones, etc, the QNET business offers you the opportunity to pass down your wealth to your future generation, the driving force as to why most of us wish to be wealthy. Many people wish to leave their children on a better financial footing than they currently are on. This is one thing that jobs can not offer. People do not inherit jobs, they inherit wealth. With QNET, the business can be inherited by three generations, that is your children, then your grand children and later your great grand children. They just pick up from where you left off and they too have the opportunity to further grow the business.

With QNET, you join the business from a one time purchase of any product or service offered by the company. So if you are truly interested in owning a business, do you want to constantly invest both your time and money on one business, even when the business starts to run itself? Unlike other network marketing and direct selling companies that require you to buy more products and the product points are tallied under one account, with QNET, each purchase opens a new tracking center (This will be explained in the next paragraph). This means that there is no pressure to purchase another product unless you really want to.

QNET offers you the opportunity to own as many tracking centers as you wish. Think of a tracking center as an office. So when you join QNET you get the opportunity to open one office. Once that office grows due to your efforts in creating a team, QNET offers you the opportunity to own another office, which you earn by purchasing another product or service. Each office you own of course earns its own amount of income which adds to the total value of your business. QNet offers all its new representatives two extra tracking centers, free of charge, with their first purchase, a total of three tracking centers, to be activated once their first tracking center/office has a minimum of two people. All tracking centers fall under the first original tracking center, which in the long run grows the overall business.

NOTE: Every new tracking center opened needs to have a minimum of two people before QNET allows you to buy a new product. For further explanation, contact me directly.

In conclusion, QNET, a twelve year old company that has beaten the odds and is one of Asia's biggest direct selling companies with over 2 million customers and growing, has truly proved to the world that it is a company that is here to stay. It's business model is proven and it's products and services are second to none. The only question that remains to be answered by you is this, how badly do you really want to get wealthy? For more information about these benefits and how they may apply to you personally, please leave your comment below, visit the QNET website or email me directly and I'll get back to you.

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