Knowing More About Dr. Vijay Eswaran

Vijay Eswaran is the founder as well as Executive Chairman of the QI Group of Companies. He heads a multi-business conglomerate. His business has a presence in many sectors, including, retail, financial services, direct sales, education as well as hospitality.

The flagship subsidiary of his business is QNET. In 1998, QNET had been established. Dr. Vijay Eswaran is a Malaysian businessman. He has made QNET a global company having offices in the UAE too.

It merges traditional selling methods with e-commerce model. Hence it is a new type of company that merges the people power that comes from a direct sales force along with the global reach that the Internet provides.

Vijay Eswaran discussed with his partners about what they could sell to set them apart. They decided upon a numismatics as well as precious metals model.

This was based upon the European market strategies. Then they decided to procure the selling rights of commemorative coins in 1998. This was for the Sydney 2000 Olympics.

It was for the Asian Pacific Rim. They were coming two years late into the market which meant lesser time to sell and be able to compete effectively.

But by the year 2000, they were among the top three in terms of sales volume. All this was the result of the impact of web-based sales along with the human touch that comes from direct selling.

Vijay Eswaran did face a lot of difficulties when starting out with his entrepreneurial journey. He had no connections, and no funding was coming in from anyone. This was the time when Asia was going through an economic crisis.

No one thought that he would succeed. But he was convinced that he would not spend his life in making money for someone else. He had the support of like-minded partners and his wife. All of them faced failures and setbacks together. But this also meant that he was progressing.

The entrepreneurial journey of Vijay Eswaran started with the direct selling business. This industry faces a lot of perception challenges. Hence for him, success is interwoven with challenges, and he has to deal with them.

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