While technology is taking the entire world by a storm, business minded people are busy trying to identify the opportunities therein. E-commerce has created numerous opportunities for businesses to expand their boundaries in terms of supply limits. Qnet is of the many organizations that have taken their businesses to the internet platform. Based in Hong Kong, the company has grown to become one of the largest conglomerates in the world and a global leader in the e-commerce industry. Qnet’s popularity and growth has attracted many customers online and the company boasts of thousands of subscribers to its website. The company has shaped the online market structure and currently other new entrants are following its model.
In order to make a worthwhile investment in business, you need to diversify your operations and productions to capture as many industries as possible. This has become the new trend in the business world and it still remains to be a viable strategy even in E-commerce. Qnet understands this perfectly and this is why the company has diversified its business to capture a myriad of industries. Qnet deals with different products including energy product, cosmetics, health products, and food products among many other products. Using this carefully thought out strategy, the company has been able to create a name on the global map as well as averting possible losses from the crumpling of one sector.
Its diversification has it attract producers and players in the entertainment industry, the hospitality industry, education sector and the health sector. Qnet has had tremendous success in the provision of these services and its growth has been accelerated over the past few years. Although the company is predominantly based in Asia, it has offices and operations sites all over the word including Europe, America and Africa. Founded in 1998, Qnet’s worth is rapidly growing and the company is gradually taking over major online services. One advantage that the company has over the rest of the players in the same industry is its economies of scale.
Due to economies of scale, Qnet is capable of providing its services to its clients at a very low cost hence making its products cheap. This is due to the fact that the company has a large capital base and customer base. With these two, one can influence the economies of scale. Qnet’s cost of operation is very minimal and this what makes the company to remain at the top of its game. Due to the growth that the company has been experiencing, the management has decided to increase its locational coverage on the global map. This has led to the establishment of an office in Russia where the company had not venture at least physically.