Advertisement
Ask Nigeria Header Logo

QNET conducts fin. literacy workshops in Nig.

Photo of author

By Mercy Kelani

Its direct selling business strategy lets anyone get income on sales.

Focusing on product promotion through exhibitions and educational programs, QNET is a lifestyle and wellness brand that uses a direct selling approach. A product show was recently organized by QNET in Lekki, Lagos, with the aim of raising awareness of their wellness and lifestyle products, which include devices that reduce hazardous electromagnetic radiation from commonplace gadgets and water purifiers. Using e-commerce to sell things only online, QNET, which was founded in 1998 in Hong Kong, is a global company with operations in more than 25 countries.

Advertisement

Through the FinGreen initiative, QNET has conducted financial Literacy workshops in Nigeria, organized product fairs, and run campaigns to teach young people how to spot fraudulent job offers. Working with agencies such as the Federal Ministry of Employment and Labour and the International Organization for Migration, the business conducts the ‘Say No’ campaign against job and travel frauds in Nigeria, Ghana, and other countries. Its direct selling business strategy places a strong emphasis on word-of-mouth referrals and lets anyone get income on sales.

Over 1,300 Nigerian youths have gained from the FinGreen literacy program.

By guaranteeing product registration, upholding legal requirements, and attending to local market demands, their collaboration with Transblue, a Nigerian legal representation, has made market access easier. By eliminating middlemen and saving money, QNET distributes its products straight to local reps from overseas locations. More than 1,300 young people in Nigeria have benefited from the FinGreen financial literacy program, which has given them the essential financial skills needed to become financially independent. The program’s alumni, dubbed FinGreen ambassadors, have attested to enhanced financial management and entrepreneurial abilities, which have bolstered their capacity to earn and save more efficiently.

Advertisement

Accounts from participants demonstrate how the program assisted them in overcoming financial obstacles. For example, Amaka, a recipient from Lagos, stated that the program helped her launch a small business that now provides extra money for her family. With the aim of preventing work and travel scams, QNET’s “Say No” campaign has taught over 10,000 young people in Nigeria, Ghana, and other African countries how to spot fraudulent schemes. At-risk groups are receiving vital help and awareness thanks to the campaign’s increased reach and partnership with the International Organization for Migration and other government agencies.

Entrepreneurs can profit directly from their labour with direct selling.

However, societal misconceptions around pyramid schemes and direct selling strategies have made market penetration difficult. In order to address this, QNET has been transparent about its business processes and has offered ongoing education. It has also emphasized that Revenue is only obtained from the sale of actual products, not from hiring more employees. Because QNET’s direct selling business model enables people from a variety of backgrounds to launch their own companies with little initial capital, it offers a distinctive form of support to entrepreneurs. Since direct selling does not require middlemen like traditional Retail models do, entrepreneurs can profit directly from their labour and receive larger commissions.

Advertisement

This approach offers flexible income options regardless of prior business experience or formal education, which makes it especially advantageous in areas with high Unemployment rates. To augment their income, some Nigerians have utilized QNET’s platform, and a few have succeeded financially by creating networks of loyal clients. Even with its achievements, it still has to deal with obstacles including overcoming mistrust of direct selling and negotiating Nigeria’s intricate regulatory environment. To guarantee adherence to Tax and regulatory obligations, the company has collaborated closely with regional partners like Transblue. Additionally, it has actively engaged with the media and government organizations to elucidate the moral and legal aspects of its operations.

There are plans to further integrate tech to improve client experiences.

Additionally, in the future, QNET intends to increase the range of products it offers in Nigeria, concentrating on launching cutting-edge wellness and tech items like the eGuard, which shields users from dangerous electromagnetic radiation. Additionally, the corporation hopes to strengthen its ties to the community by partnering with nearby universities and launching more extensive educational efforts. The firm aims to expand its presence in sub-Saharan Africa through strategic partnerships and customized product offerings that address the distinct demands of the Nigerian market. In the future, there are plans to further integrate Technology to improve client experiences and optimize operations, as well as establish a localized e-commerce platform to boost user accessibility.

Advertisement


Disclaimer

The content on AskNigeria.com is given for general information only and does not constitute a professional opinion, and users should seek their own legal/professional advice. There is data available online that lists details, facts and further information not listed in this post, please complete your own investigation into these matters and reach your own conclusion. Images included with this information are not real, they are AI generated and are used for decorative purposes only. Our images are not depicting actual events unless otherwise specified. AskNigeria.com accepts no responsibility for losses from any person acting or refraining from acting as a result of content contained in this website and/or other websites which may be linked to this website.

Advertisement