Category Archives: Company History

What’s the buzz surrounding the Magnises card?

Does the idea of running in a VIP social group tickle your fancy? Most significantly: Are you a trendy and classy young adult? If you’ve replied yes to the above-mentioned questions, then you need to be aware of the buzz surrounding Magnises card, the novel black card on the block. However, if you replied no to the abovementioned questions, this article is still worth your time.

So what’s the Magnises card?

Billy McFarland is the pioneer of the Magnises card project. In 2013, he and his clique of friends had a discussion about how exciting it would feel to acquire an exclusive credit card. However, they realized they had to bide their time until they achieved the required earnings and status that the issuer of the credit card stipulated. Taking inspiration from that discussion, McFarland put his mind to create a flashy card that the millennial demographic would access straight away. Thereafter, the Magnises card was introduced to the market. The name ‘Magnises’ was simply made up, although it sounds outstanding.

What are the perks that come with the Magnises card? For an annual fee of $250, you get:
• Black metal card that you can use a credit card for purchases
• Unrestricted entry to the Magnises penthouse, where you can mingle with fellow cardholders.
• Shopping, restaurant and hotel perks at world class venues in your city
• Access to private chauffeurs
Access and reservations to exclusive bars and night clubs
• Invites to exclusive events organized by Magnises
• Discounted holiday trips

Bear in mind that Magnises isn’t just a credit card

On face value, you would think that the Magnises card is similar to the other expensive credit cards currently in the market. The Magnises card is not precisely a credit card.

Unlike the normal credit cards, the Magnises card is neither tied to an allotting bank nor does it run on any of the leading credit card networks. It’s basically a substitute for your standard credit card. After duplicating your typical card details onto the Magnises card, you can proceed to use it everywhere where plastic cards are accepted.

Consequently, you can basically select any credit card that suits your standard of living, link it to the Magnises card and it can act as your payment tool. This sort of flexibility explains why the millennial demographic accounts for the lion share of Magnises card holders.

How to become a member

Click the ‘Join Now’ tab on Magnises website and fill out the online application form. If the Magnises team is happy with your first application, you proceed to the next stage of the acceptance, which involves a phone interview.

According to Billy McFarland, the goal of Magnises is to reach the one million mark by 2019 in regards to membership- a feat he believes is pretty much realistic.

Achievements Made at QNet Through the Humility Shown by Joseph Bismark

 

QNet is a marketing company with headquarters in Hong Kong. It is a company that has been in operation for the last 17 years. QNet is a direct selling company that relies heavily on the online platform. With future growth prospects, the company started from humble beginnings with its primary market being South East Asia. Over time, it has expanded its operations and increased its product range.
Currently, the company operates in the Middle East, India, and Europe. It also operates in East Africa, West Africa, and North Africa. This is in addition to Central Asia and Russia. It offers over 30 products that fall into 9 categories. They include skin care, nutrition, and wellness products. It also offers Swiss jewelry and watches.
QNet has been in the lead of advocating for laws that govern direct selling. Such advocacy has been undertaken in markets like India. The advocacy has centered on making the government set up an independent body to regulate the direct selling industry within the Indian market. With such regulations in place, the market becomes fair, thus encouraging healthy competition between different organizations. The Indian market is considered quite challenging. Regulations in this market will go a long way in improving the market dynamics and give other companies the opportunity to trade with minimal barriers. QNet plans to set up its production base in India owing to the immense revenue prospects from its operations in the country.
A group of friends, who put great effort despite several challenges, founded QNet. One such individual is Joseph Bismark. He is the current Managing Director of the Qi Group. He believes in a strong teamwork in addition to helping people achieve their potential. He is a talented, versatile and dynamic leader who contributed greatly in laying a strong foundation for the company. His preferred style of management is being open and consultative. His use of spirituality to management is attributed to his unique upbringing.
At Ashram, Bismark stayed and learnt different lessons until the age of seventeen when he left for home. The experiences he got from the monks helped shape his management style when he got to the corporate world. Over the years, Bismark has shown respect and has been helping people grow and achieve their potential. He believes in the power of giving to the less privileged members of the society, thus started RYTHM, which is the social responsibility organ of the company.

The Rise of QNET and Its Drawbacks from Regulations

The internet allowed companies such as QNET to operate in a borderless manner through their ecommerce platform that seen them reach more than 100 countries. With a heart for families and communities, they provide their distributors, who are known as Independent Representatives (IR), with opportunities to become self-sufficient and raise their standards of living.

QNET’s Chairperson, Donna Imson-Lecaroz says in their “This is QNET” youtube video, “We were people on a mission. We really believed in what we had set out to do, which is that we wanted to change lives.”

In 1998, Vijay Eswaran and Joseph Bismark founded the company QNET. It has 25 offices and agency partnerships worldwide. They embrace cultural diversity as they have their leaders and employees coming from 30 different countries as they sell to customers in more than 100 countries. They’ve got 6 global logistical hubs: Netherlands, India, Malaysia, Russia, Turkey and UAE.

Joseph Bismark continues to live with the same principles that helped found QNET. He lives by the principles of Vedic and is a strong believer in positive thinking. This he learnt while practicing martial arts which he says helped him remain focused and positive. He ensures that he lives by these principles every day; understanding people, inspire people to take charge and treat everyone with respect.

QNET had been manufacturing their watches in India and wished to enlarge their operations there by producing consumer goods and electronics. Production in India would give them a cost benefit of between 8 and 12 percent said Suresh Thimiri, CEO of a QNET franchise in India. They welcomed anyone in India who had something unique to offer them, a sale platform for their product.

Despite having done well in India, 2013 had been a rough year for QNET. The pressure on making changes came from what they termed as archaic PCMCS (Banning) Act, 1978, which acted as a catalyst for a volatile market. They complained it made it difficult to differentiate genuine from fraudulent companies in the business.

Dave Osh, who was the CEO of QNET back in 2013, pointed out that India lacked guidelines for the multi-level marketing sector. In 2014, they welcomed the initiative by the government of India to amend laws governing direct selling business and called for setting up a regulator to govern the business. They pointed out fast growing economies in Malaysia, Singapore and Thailand had specific statues that regulated and facilitated direct selling.

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