There are many factors that have led to the growth of e-commerce and QNET is a beneficiary to all the advantages therein. Founded in the late 90s, QNETS is one of the major companies making history globally. The protracted growth of QNET’s business has been largely impacted by its acquisition strategy. As a result of its online businesses, the company has registered tremendous growth over the years. QNET has greatly invested in the online business platform and it has ultimately made a name for itself in the business. Notably, the company has not been left behind in the global shift of business operations.
The entire global business sculpture took a turn during and after the event of the last global recession that affected every aspect of the global economy. Due to this, investors have resolved to diversification as a means of shielding themselves from a crumpling industry. For instance, the effects of the economic meltdown in 2008/2009 were mostly caused by the collapsing real estate and banking industry driven by inflation. QNET seems to have learned from the aftermath of the global recession hence its current and previous acquisition strategies and ventures into other markets.
The company has interest in areas such as hospitality and entertainment. Its online business is booming and most of the products displayed in its website are health products, nutrition, and other products from the energy sector. Like a shopping mall, QNET’s online platform is a host to a myriad assortment of products. There are numerous products like women’s face products and make ups, jewelleries, shoes and clothes. The company does not only deal with women’s clothing but also male watches, shoes, caps, rings and wallets among other products.
The company is not relenting on its expansion strategy and recently it got into a merger with a European company. This was very important for the company because it allowed it to access the European market. QNET has its rooting in several regions and this makes it one of the largest conglomerate in the world. With its model of operation which is the multi-level marketing strategy, the company has been able to beat all odds to become one of the most successful online companies around the world.
Its growth is backed by an enviable size of customers who are subscribed to its online platform, and the number of searches online from new prospective customers. With the high number of customers, its sells have also been on the rise hence the financial and economic stability that the company enjoys currently. With the rising online business activities, the company is projected to grow even further and achieve numerous economic milestones in the near future and with the rate of technological growth, this projection is mostly likely to come true.