Unveils new global compensation plan – Q10
Dubai, UAE, 11th May 2015: QNET, a prominent Asian Direct Selling company, 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 its super hybrid 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 AED747 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 percent 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.
“Our IRs in more than 100 countries and territories will now be able to achieve their potential through this Q10 compensation plan, thus making full use of the entrepreneurial opportunities that we have created for them including training and leadership advancement. Our global QNET Family has seen through 16 remarkable years – growing bigger, stronger, and better, and 2015 will definitely be our Game Changer year,” noted Diab.
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.