Eswaran is both the originator and administrative chairman of QI Group. He leads the multi-business corporation, which has interests in a number of sectors like financial services, direct selling, hospitality and education. Dr. Eswaran established QNET, which is a subsidiary international company with offices in UAE, back in 1998. The international company has managed to amalgamate conventional sales methods with e-commerce. Read more: Dato Vijay Eswaran: From taxi driver to worth over $500 million dollars
On Starting the Company
Dr. Eswaran states that he envisioned a fresh type of company that would combine the power of direct sales people with the internet’s international reach. He adds that the company merged the tried and tested conventional sales business model with the new budding e-commerce platform.
Dr. Vijay Eswaran reveals that together with his partners, they debated endlessly as they looked at what they would sell to set them wholly apart from the rest. They settled on precious metals and numismatics model that was based on the existing European market strategies.
Most business start-ups face a lot of difficulties at the onset and Dr. Eswaran’s story is no different. He stated that in the beginning everything seemed not to favor him as he had no family, connections or funding from any quarters. When he begun, Asia’s economy was in a crisis and no one ever counted on him to succeed.
The only thing that spurred him on was his deep conviction that he was not meant to help other people make money at his expense. He was lucky to meet partners who shared his thoughts and also got a steadfast support from his wife.
Together they faced a lot of setbacks and failures. They are still facing setbacks but he presses on as he believes that the day he will stop facing them would signify that he is not progressing further.
Dr. Vijay Eswaran started his entrepreneurial journey by venturing into the direct selling business despite the many perceptions that face this industry. He reveals that despite being among the top 40 companies in the world, his business is questioned for lack of awareness and understanding. Dr. Vijay Eswaran is an international business speaker, disruptive entrepreneur as well as author with six books to his name. He has also received a number of accolades and awards.
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