An MLM company that claims to be Asia’s largest online survey company, does not even have an office address or a telephone number but is offering to ‘pay’ $10 just for filling out online surveys
Speak Asia Online, which claims to be based in Singapore, is spreading its multi-level marketing (MLM) wings in India under the pretext of online surveys. As is usual in any MLM scheme, this company also makes big claims about earnings, but fails to provide any documentary evidence for the same.
The company asks new customers or subscribers to pay $120 (standard) or $220 (premium) for becoming a panellist for one year. However, it says the fee is for its e-bulletin for one year. It clearly says: "You can remain a panellist and earn from Speak Asia only as long as your subscription to E-Bulletin is in force." This means, before earning a single penny, you need to pay the company upfront. After the one-year period, one needs to renew the subscription. There is no mention of renewal fees.
Speak Asia Online sends its surveys mostly on Wednesday to all subscribers. Each survey takes around 40 minutes to complete. It says: "The first eight weeks are treated as a training period and the company provides you feedback on incorrectly filled surveys." After that period, any incomplete or incorrect surveys are rejected and the company does not pay for it.
The company assures that it will make the payment in local currency through direct bank transfers. The catch here is that one has to pay bank transfer charges of 3% or minimum $7.5 per payment. In case you have earned $10 for the month, you would get payment of $2.5 only, as $7.5 from the total payment would get deducted as bank transfer charges.
Speak Asia Online says it provides income in reward points (one reward point is $1). It awards up to seven reward points per week for a standard panellist and 20 reward points to a premium panellist. It offers survey income as well as passive income that one earns by adding more people into a down-line. However, for the next day's incentive calculations, it does not consider the weaker line. It says: "Weaker leg is flushed out whereas the stronger leg is always carried forward for next day's incentive calculation."
Although the company offers to pay for filling out surveys online, it fails to mention that for doing this job one requires minimum knowledge of English and the Internet.
Speakasiaonline.com is hosted in the US on the GoDaddy.com server and the hosting services will expire on 21 January 2011. Besides that, there is no information available on the domain, its owners, their addresses and contact details.
The company website does provide links for all countries and major cities but directs all queries to its Singapore address only, which neither has a telephone number nor any email ID. Except India, the so called 'good income business opportunity' does not exist for other countries.
According to a complaint posted on India-complaints.com, this company has changed its name three times over the past five years and is blacklisted for non-compliance in Singapore.
Its website, speakasiaonline.com does have a link for legal documents but provides the legal documents not of the company but generic documents from the Customs Department, the Reserve Bank of India (RBI) and so on.
Speak Asia Online shows no evidence about the legality of its business or any registration certificate issued by government authorities. All the company can show as evidence is a registration certificate issued by the Singapore government. The issuing authority of this certificate, Registrar of Companies and Businesses, however, has clearly stated that the certificate of good standing or any of its contents shall not be reproduced, republished, uploaded, posted, transmitted or otherwise distributed in any way without prior permission of the Accounting and Corporate Regulatory Authority (ACRA), Singapore.
In addition, there is no mention of its promoter or top management on the site. In fact, there are no names on the website. All one can see is just names of its 'dealers' and their bank account numbers.
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Being a SPEAKASIAN for the past One year without any problem and getting a regular expected Income and without any hindrance I would like to mention & comment the following regarding the News in the Star News and Aj Tak News Channel –
1) First I would like to say that the both the News Channel did not Interview any Real Panelist / Speakasians who is doing the survey and earning (Income) on a regular basis.
2) Both the channel said that there is no guarantee on the investment made with Speak Asia, Let me Remind and say to ever body visiting this site – Please note (which U all must be knowing) that any Investment made is never a 100% secured and does not carry any Guarantee of returns such as 1) Stock Market 2) Mutual Fund 3) Insurance Linked Investment 4) Property 5) Gold & Silver etc. In India in the past we all have seen that people made Investment in such market linked Schemes have made Heavy losses and have under gone Bankruptcy; due to this effect people have also taken the path of suicide. Further every day people are losing in Billions in the stock Market. So why the Media expecting 100% Guarantee from Speak Asia ?
3) Next thing is the Electronic Media has said that this is a money Laundering - and at the same time They have said that speak Asia is paying 400% return in a year – Well if this is so – We all know Speak Asia has also paid back all the Invested money to the Investors within the first Two and Half Months that also in US Dollar by proper Banking Channel which runs into several Millions of US Dollars, this means India has also earned Foreign Currency too. And I am sure since the Panelist are being paid through proper Banking Channel the Panelist cannot hide their Income hence most of the Panelist are paying Income Tax to the Income Tax department hence again there is a heavy Revenue earned by the Government of India.
4) Thousand of House wives from all over India, is earning respectable money just by doing survey on the Internet from their home and at their own sweet time. Similarly there are many poor students are paying their Collage fees to get Higher education by using this facilities of Speak Asia.
Let me also Inform to every body that Company like Star TV who was the first to make a Big Noise about this so called Breaking News – is currently developing and Gearing themselves to come in a Big way in this Survey Business. However currently the Star TV is already in the survey business in a very small & limited manner and they are unable to expand due to the presence of Speakasia in the market. Hence what is the strategy of Star TV ? Very simple - First defame Speakasia and next grab all the existing customers (Panelist) of Speak Asia . By doing this Star TV is going to paint themselves as a saver to the entire public. (Pls see - http://starpanel.startv.in)
5) Star News channel said that Speak Asia is siphoning out Indian Money out of the Country since it is a Singaporean company – well then let me inform you all that Star TV itself is a non Indian TV Company based in Hong Kong (In a Chinese Country) - Star TV India itself is repatriating Billions of Dollars out of India too – Star TV will go to any extend to Defame Speak Asia and get their Business – Remember the Owner of Star TV is non other than Keith Rupert Murdoch, by birth he is an Australian (Age 80yrs) – He wanted to acquire Fox TV but the Government of America rejected it since he was not an American citizen; then by all means he got his US Citizenship and brought the Fox TV and many such Business House in the US. He then wanted to by the STAR TV in Hong Kong but again the Chinese Government rejected its proposal since he is not a Chinese by birth – with this regard Rupert Murdoch at the age 68 he got married to a very young Chinese Lady (30yrs Old) name Ms. Deng Wendi (Divorceing his earlier Wife) and after this marriage immediately he acquired the Star TV and currently Ms. Deng Wendi is the Vice President of Star TV. Hence you can all see the attitude and work ethics of Star TV; that is they will go to any extent to acquire their business objectives. (Pls See - http://en.wikipedia.org/wiki/STAR_TV_(Asia) ).
6) The next more important thing is – Today majority of the media in India is a total Blackmailing company, they live & earn from Blackmailing money - The Media is blackmailing Large Business Houses, Politicians and who ever is doing or earning good money. The media is a White-collar Blackmailers. You all readers must ask your own selves that why the Media is not making a hue & Cry on Ratan Tata Case regarding the 2G Scam ( Nira Radia) – Because the Media is paid heavily to keep their mouth Shut. And remember this Scam is over few thousand Million Dollars Scam. Why the Media is not talking about the Scam for making Mr. Warren Anderson (Union Carbide – CEO) run away from India to USA after killing over 8000 innocent citizens of Bhopal and now it is over 26 years still the compensation is not settled or unpaid – because a huge money is being paid to the media to keep their mouth shut both by the Indian politicians and Union Carbide. The Media only makes noise when they need money and accordingly the Media performs the Blackmailing activities and then keeps their mouth shut as soon as they get the required money.
7) Now regarding the SURVEY – As a panelist of Speak Asia let me inform to every readers that - Who cares about the Survey ……….as long as we (Panelist) is getting paid for the work and at the right time its all FINE (All Ij Well); and I am sure all panelist of Speak Asia will agree with me to the same. The problem is companies like Star TV and many such other companies wants to know HOW the Speak Asia is making money and paying all its Panelist for the past Two Years and there is not a single complain from the panelist. Honestly Speaking none of the Speak Asia Panelist care regarding who is the Company we are doing the survey for … be it Airtel / ICICI / Bata …etc. We just need money that’s it. And as long as we are getting the money legally from proper Banking Channel.
8) The Media has said that Speak Asia is lying regarding their Clients such as Airtel / Bata / ICICI etc …. – How does this matter to a panelist ? ….. As long as speak Asia is paying - ALL IJ WELL. With this regard let me remind all the readers that Insurance Companies like LIC / ICICI / GIC … etc people have invested with these companies with their hard earned money and these companies have still not paid to many such Insured Customers the Insurance Compensation to the families of the dead or to the owners of the Damaged Properties. And this is to the tune of few Billions of Dollars that these Insurance Companies need to Pay. Now ask yourself why the Star TV and such other News Channels are NOT making noise regarding these companies?
9) We need to understand one Thing - The main problem is that – 1) Lots of Panelists have taken loans from banks and have invested in the Speak Asia and these Panelists have also returned the Fund with interest to the Banks within a very short period, and this is a big problem for the Bank since the Bank did not earn the required or the projected amount. 2) Lots of Panelists has withdrawn a good amount from the Stock Market and Mutual Fund and Invested in the Speak Asia, hence this is again a big problem for the Investment Companies & Consultants (Brokers). In conclusion and in short what I want to say that all these negative Propaganda could be a nexus along with Banks + Media + Investment Companies & Brokers and or those who have vested Interest.
10) Last but not the least – We all need to ask one questions to ourselves that is – There are several online Internet Forums and Why still not a single Panelists are complaining regarding their Payments to Speak Asia?
Who is making the Noise and big Hue & Cry? Only the outsiders, who are not the panelist.
By S. Sanjiv (Panelists)
It seems you have bought 9 Panels instead of one :-)!
Although I can answer for all of your points but the most important to me is this one -
THIS particular mindset - that "As long As Speak Asia is paying" is the KEY element in this entire Scam and I am just too much worried to see how intelligent people like you believe on this theory of "as long as"?
Mr. Panelist, It's not a matter of "as long as" it's actually a matter of "How and From Where" company was paying?
Because You have written more than 100 lines in the favor of this business, you must be aware of the most most basic principle for any business - "Business Ethics". Which says that -
Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Now there are few questions on the ethical business of Speak Asia -
1- If Ezine is worth Rs. 11000?
2- Now by putting your hand on your heart just tell me why 99.99% people joined Speak Asia?
Top Reason - To Earn Survey Income (Not the Ezine)
(I can challenge you that it will not get even a single sale if they leave this reason)
3- Now the most important question - When 99.99% of your business is based on the Survey Income, Why this Company is telling the lie about this FUNDAMENTAL issue?
4- If this company can give a legal notice by spending millions in the Times of India, why can't it sue the Media?
(You know why? Because SA can't prove the indemnity)
5- In their own Press Conference, Mr. CEO told that the company has paid 68 Crores in Service tax. Now Mr. Panelist please explain why is that so less?
In India Service tax is around 10 percent.
In simple calculation 1100 ruppes should have been paid to Govt. of India for the Service tax.
It comes to - 19 lac panelist x 1100 = 2,09,00,00,000 = 209 Crores!
6- If the magnitude of business is so high, Why company delayed it's plans to create a legal entity in the country? It shows the lack/complete failure of Professionalism and planning.
7- Now Leave all this, just let me know if your Son, Brother or anyone in the family starts earning Rs. 10 lac every month within first year of his business/job and he keeps on earning this much income, Will you never ask him from where he is making money, how is he making it, is he doing the right thing?
Or Mr. Panelist, you will say that "As Long As" he is earning 10 lac per month I don't mind whether he is earning it ethically, legally or not?
Exactly the Same way everyone including the media is worried whether the base of this business (Survey) really exists or not? It's not a matter of "As Far As" it's a matter of Genuine Business Vs. Money Circulation.
And I am sure it doesn't exist otherwise any company which is on the verge of collapse will never hesitate to show the authenticity of it's business model. If you don't want to show the client name it's fine but you can always show the income proofs from survey business. May be only to media to satisfy them but your people are not ready to do so simply BECAUSE they don't have any Income from Survey business they are just Circulating the Money!
If You still have the courage to say "As far As", I salute your spirit but in negative.
Dear Sanjiv I also want to appeal you on this open platform, I am not against you, I am not against Speak Asia but I am hundred percent against Money Circulation because till now NO COMPANY has survived on the bases of Money Circulation. Please differentiate this fact while joining any other MLM company next time.
Our beloved country and countrymen are a victim of Money Circulation schemes on the name of MLM.
I don't know why but I feel if people like you decide, we can also produce companies like FLP, Amway, Tianshi, Usana from India.
Let's be the Change!
http://MLMNewsBlog.com/MLM-News
the co has spent a lot on its marketing campaign, thats becoz, they have crores of rupees of panelist money. the co doesnt have strong foundation. its foundation is based on lies and that has been proved by its own press conference. i m sure if you ask any expert on tax or a ca or lawyer about this co, they will give you the right picture.
http://www.acra.gov.sg/Quick+Links/Purch...
view sample
see speakasiaonline acra certificate
decide is any thing wrong
this website is registered in US.
But the registration was done from:
Opel Media Inc.
Plot No 65 I T Colony
Jodhpur, Rajasthan 342006
India
ha ha ha ha ha.... interesting friends!!!
personally i have earned trice my invested amount in 4 month
u should look iinto it , what amit aggarwal has said about speakasia
Here are some points from the articles and my comments (IN BOLD):
Although the company offers to pay for filling out surveys online, it fails to mention that for doing this job one requires minimum knowledge of English and the Internet ----- WHERE IS THE FAILURE. IN ALL THE TRAININGS, EVERYONE IS EXPLAINED ABOUT THE BASIC REQUIREMENTS AND ONE CAN ALSO BE TAUGHT HOW TO USE A COMPUTER. THE COMPANY IS ALSO GOING TO COME UP WITH OPTIONS OF USING OTHER INDIAN LANGUAGES.SO THIS LINE MAKES NO SENSE.
Speakasiaonline.com is hosted in the US on the GoDaddy.com server and the hosting services will expire on 21 January 2011. Besides that, there is no information available on the domain, its owners, their addresses and contact details.------- JANUARY 21 2011 HAS COME AND GONE. THE SITE AND THE BUSINESS IS STILL RUNNING. WHICH OTHER WEBSITE TALKS ABOUT IT DOMAIN, ITS OWNERS AND THEIR DETAILS (THINK HOTMAIL, YAHOO, GOOGLE). SO WHO IS THIS AUTHOR TO DICTATE A FORMAT. THIS IS AGAIN A BASELESS REMARK THAT HAS ALREADY BEEN PROVED WRONG.
The company website does provide links for all countries and major cities but directs all queries to its Singapore address only, which neither has a telephone number nor any email ID. Except India, the so called 'good income business opportunity' does not exist for other countries.------- The company address and phone no. is listed. You probably need to have the eyes for details. There is a call centre in India too. This proves that this article is completely dishonest
According to a complaint posted on India-complaints.com, this company has changed its name three times over the past five years and is blacklisted for non-compliance in Singapore.---------- AGAIN ANOTHER BASELESS REMARK. INDIA-COMPLAINTS IS A SITE WHERE ANYONE CAN POST ANY COMPLAINT BUT IF A SIMILAR GUY WHO LACKS THE ANALYTICAL SKILLS AND BASIC COMMON SENSE HAS PUT A COMPALINT OUT THERE , IT DOES NOT MAKE ANY SENSE.
Its website, speakasiaonline.com does have a link for legal documents but provides the legal documents not of the company but generic documents from the Customs Department, the Reserve Bank of India (RBI) and so on.-------------- GIVE ME A SINGLE KNOWN SITE THAT POSTS ALL ITS LEGAL DOCUMENTS ON THE NET. THIS SEEMS TO BE AN ARTICLE WRITTEN BY SOMEONE WHO DOESN’T UNDERSTANDS THE BASICS.
Speak Asia Online shows no evidence about the legality of its business or any registration certificate issued by government authorities. All the company can show as evidence is a registration certificate issued by the Singapore government. The issuing authority of this certificate, Registrar of Companies and Businesses, however, has clearly stated that the certificate of good standing or any of its contents shall not be reproduced, republished, uploaded, posted, transmitted or otherwise distributed in any way without prior permission of the Accounting and Corporate Regulatory Authority (ACRA), Singapore ----------- IT'S A REGISTERED COMPANY IN SINGAPORE. THE AUTHOR HAS AGAIN NOT DONE HIS HOMEWORK. CHECK THIS LINK - ps://www.psi.gov.sg/NASApp/tmf/TMFServle...
In addition, there is no mention of its promoter or top management on the site. In fact, there are no names on the website. All one can see is just names of its 'dealers' and their bank account numbers.-------- TELL ME IF YOU SEE THE NAMES OF PROMOTER OR TOP MANAGEMENT ON GOOGLE, YAHOO OR HOTMAIL. IS THE AUTHOR A NEW KID ON THE BLOCK?
NOW IT IS UP TO YOU ALL TO BELIEVE THIS YOUNG AUTHOR OR USE YOUR OWN JUDGEMENT.
Regards,
Niraj
rmpinfotec.biz
you will get all the legal papers, name of owners, promoters and every single proof of the credibility...sorry to say not like ur speak asia mr. Niraj
Can you tell me who is the owner of speakasia and what is the name and details.
Also the posting dates is dubious nd why no foto/contact email id just a name ?
Star news also disclosed that SA Has no clients as claimed by them,star contacted bata,nestle,icici bank & all of them said they have no connectin with SA.
copy this link http://www.scribd.com/doc/54695794/Speak...
I hv d answers for all ur remarks, I m traveling right now so soon I will post d info why it's a scam?
http://mlmnewsblog.com/2011/05/33-chit-f...
http://MLMNewsBlog.com/2011/04/How-To-Av...
http://epaper.timesofindia.com/Default/S...
What does anyone have to say about this?
copy this link http://www.scribd.com/doc/54695794/Speak...
After reading all the details 1 thing i understand nothing is free.
All this survey things are all wastage of money.
Even i feel it as a fraud…
Even heard about this from many people.
All the details given here with screenshot
http://www.india-forums.com/forum_posts....
it may be your bank statement link....
http://MLMNewsBlog.com/2011/04/ram-surve...
Watch this Star News Video exposing the Speak Asia Scam.
I joined Speakasia in Sept 2010.Investing 33k,I have got 70k till date.There has never been any hassles in the payments.I have got the amount credited to my account in a maximum of 4 working days..
The investment amount of 11k is nothing to the returns one gets.
I do not say that anyone should make a fool of the people of our country and run away!!But Speakasia is a growing company..rather a thought..an innovation...a revolution..!!!
Its main motto is to bring the Manufacturers and the Consumers together..Yes,its true that it has no registered office in India.But in 4-5 months time,5 zonal offices are coming up in India.
The motto is for the people's welfare.."Consumer Empowerment",just like "Jago Grahak Jago ..." Friends,its really a strong thought...Consumer Empowerment...not just a tagline..
In its span of more than year,no litigations have come up yet about the payments made or the surveys coming up..Due to the overgrowing no of Panelists,the load on the surver was growing.Some problems were there for a month or so..This has been taken care of now..n the website is running fine now..Its one of the best websites..!!!
The fact is simple..Speakasia is at a nascent stage now.But it has done what it has promised till date...Its not an MLM in totality..Its just about "Consumer Empowerment" nothing else..
The allegations are put by Star News..simple reason - The Star Group is also coming up with a Survey Site,and Speakasia,with its large member of Panelist,is its greatest competitor...So this was the best way to damage their name and fame..
But its just a matter of few months now..5 months at the max..n then the truth will come up..!!
Lots of have been said & commented regarding Speakasia & Govt. has also initiated its actions against This MLM survey company and legal process has been underway. In my previous Message I mentioned the issue of Mr Arun Gupta who exposed one IT company’s Illegal/heinous activities & requested the society for the help through Saarthak group as his career has been totally ruined By this IT Company named “ JAYATMA INFORMATICS PVT LTD”, Ahmedabad, Gujarat, for complete story, the link has been given but got deleted here below I am Again giving its Link: http://groups.yahoo.com/group/Saarthak/m...
Now I want your favors in The case Of Mr. Azadar Hussain alias “Luchnow’s Kishor Kumar” who is a carpet weaver by profession (through which he can Earn Hardly Rs. 100/Day) and also been gifted with Golden voice resembling to late Sh. Kishor Daa” unfortunely his wife’s both kidneys got damaged and he is not in position to afford Rs 10 lacs for her operation expenses as his all saving has been drained out on her regular dialysis Process. His tragic Story has been shown on Live India Channel (22/04/11) in which he appealed for helping hands so that he can arrange monetarily support. Two ways have been suggested
1. By Using His melodious Voice through Music Programs so that he can get this in dignify manner If any body is interest to arrange the Music programs.
2. By Charity, inspite of having skills & this Gifted Melodious Voice still he is wondering from door to door for saving his wife’s Life. Through this platform/site I am also doing the same appeal to u people for Supporting Him. Here below I am giving His Mobile No., his Bank account No.
by Cheque in the Favor of
Rukhsana,
Bank A/c : 030 3000 1005 2187, Bank : PNB, Branch: Lucknow Choak, Lucknow, UP
Mobile No: 0800 9887 108
Please elaborate on "Lots of have been said & commented regarding Speakasia & Govt. has also initiated its actions against This MLM survey company and legal process has been underway." Could you provide a link?
gspal u go 4 more comments & messages.
1.http://groups.yahoo.com/group/Saarthak/messages
2.http://www.consumercomplaints.in/?search=yathagat
3. http://www.india-complaints.com/?s=yatha...
4.http://groups.yahoo.com/group/Saarthak/message/576
5.http://www.india-forums.com/forum_posts.asp?TID=1671122&PID=41916013�
http://blog.investraction.com/2011/04/sp...
http://www.suchetadalal.com/?id=90890ade...
7.http://www.aboutindiatoday.gen.in/2011_02_01_archive.html
8.http://www.moneylife.in/article/speakasia-still-cant-show-valid-legal-documents/\
15551.html
I also posted the tragic story of Mr. Arun Gupta Mr Arun Gupta who has exposed one IT company’s Illegal/heinous activities & requested the society for the help through Saarthak group as his career has been totally screwed up By this IT Company named
“ JAYATMA INFORMATICS PVT LTD”, Ahmedabad, Gujarat, for complete story, I have given the link in my previuos post,now I am Again giving its here below Link:
http://groups.yahoo.com/group/Saarthak/m...
If any one of u interested to support/assist him pls do it as he is passing through very hard time and his life came on street.
Second Guys Mr. Azadar Hussain alias “Luchnow’s Kishor Kumar” who is a carpet weaver by profession.Detail for help also given but there was only one mistake Here below I am again giving the detail of his Bank account No.
His bank detail is as:
Bank account no. is:
Rukhsana,
Bank A/c : 030 3000 1005 21875, Bank : PNB, Branch: Lucknow Choak, Lucknow, UP
Mobile No: 0800 9887 108
gspal u go 4 more comments & messages. These r more clear then previous one.
1. http://groups.yahoo.com/group/Saarthak/m...
2. http://www.consumercomplaints.in/?search...
3. http://www.india-complaints.com/?s=yatha...
4. http://groups.yahoo.com/group/Saarthak/m...
5. http://www.indiaforums.com/forum_posts.a...
6. http://blog.investraction.com/2011/04/sp...
7. http://www.suchetadalal.com/?id=90890ade...
8. http://www.aboutindiatoday.gen.in/2011_0...
9.
http://www.moneylife.in/article/speakasi...
See Today's (12 May 2011) Star News programme "Shahar Me GuruGantaal" at 6.00 PM and also in its Evening News Bulletin (Star News) in which clearly Warned " Beware of Speakasia". For you it is much better Must see it....
Being a responsible citizen of this country just our motive is to alert & warn innocent people from dubious activities of Crook and con people of the society, nothing else.
For your kind information I am a successful person in my life, not greedy to survive by conning others.
My Best wishes enjoy ur life as u want & wait for time…to gets the results of every act….
Money is just instrument to achieving Target/Goal, its is neither my motive nor destination…But What is it For others, I don’t know…. ????
Prakriti Vshist
We welcome comments which are brief and to the point. Initially we allowed Mr Khanna to post his comments. However, we also have a mechanism in place, which automatically blocks long content or content, which has too many email IDs, web addresses etc. In addition, Mr Khanna has nothing new to say, all his postings are one and the same. These repeated and longish comments may prevent/divert readers from reading other comments; therefore, we need to edit some long comments as well. Rest be assured we have never blocked a genuine reader (who uses real name and email ID) from posting comments. Thanks
If at all this is real case why cant some reputed company starts this and give employment as they might be looking some business. Win Win
Arekar Pankaj wrote on Facebook:
Speak asia: e Survey companies joining fees is Rs. 11000/-
They said they give u yearly survey income upto 52000/- (per week 1000/- per survey)
Now ask one question,
if company gets example 12 lakhs customer,
Then total company turnover goes upto 1320,00,00,000/- (1320 Crores)
In a year they have to give per member survey income means
12,00,000/- X 52,000 (per member one year 52 weeks) = 6240,00,00,000/- (6240 Crores)
Which client give this 4920,00,00,000/- (4920 crores)……..to your survey company..?
How companies afford this?
AB TOH JAG JAO,,,,,
ALL SURVEY COMPANIES ARE FAKE, BEWARE PEOPLES
1 COMPANY WILL DO A SURVEY ONCE A YEAR FOR A PRODUCT OR SAY MAXIMUM TWICE.
ASSUMING TWICE !
SO,
12,00,000 CUSTOMERS x 1000 rs ( 2 surveys from 1 company, and 500 rs for each they pay us) = 120 crores for 2 surveys a year and 60 crores for 1 survey a year.
So, this amount i feel is quite possible.
and we get 2 surveys a week so 104 surveys a year. so i am pretty sure that there are alot more products than 104 in the market.
also, surveys are most of time given according to your profile. so even if 75% of the members fit in a profile.. then that survey cost is reduced from 60 crores to 45 crores and 120 crores to 90 crores.
And i am pretty sure this amount is very much available with the companies for research in products in which they will be investing more than 10 times the amount they spend in survey.
I AM NOT TRYING TO PROVE THAT SPEAK ASIA IS TOTALLY GENUINE... but yes there is a possibility of the payout that they are giving.
also, this system works more on network marketing.. word of mouth.. so they by themselves are not spending on advertising but are instead giving it as referral money
everything has a good and bad opinion.
AND bi am sure
It's good to discuss all this but the real question is why Speak Asia in not answering questions like, the company stake holders, promoters, partners etc,.
Most important the distribution of money.
http://MLMNewsBlog.com/2011/04/How-to-av...
Are you aware that in Bangladesh, Speak Asia is closed chapter...people from there are offering pins at a cheaper rate to Indians...
http://mlmnewsblog.com/2011/04/speak-asi...
2) SOA charges INR 11,000/- for a new subscription. They also charge INR 11,000/- for subscription renewal - that's a total of INR 22,000/-. Then they disburse INR 1,000/- (~ USD 20/-) per survey. 52 weeks of survey in a year = INR 52,000/-. Reduce the subscription investments and you are left with INR 30,000/-. Bank charges are 3% or USD 7.5/-, whichever is higher.
Technically, they are giving back in bits and peices what they take from us as a lump-sum. So what's the big-deal about this entire business?
3) Profits for a panelist begin to come in (in the form of binary income) only after the panelist makes a member under him/her. This is MLM - multiple level marketing. Its math done on paper gives glorious figures... Makes it look like a perpetual money-minting machine! But it's finally perpetual. Real machinery has some amount of friction... and this real-looking perpetual machinery will grind to a hault due to the latent friction it develops!
4) The future of this business idea is just like the recession which was engineered in 2007-2008!
Let them decide whether, Speak Asia is scam or not.
Many of them are saying that it is the fraud company which is not registered in the singapore govt. what is the evidence to prove that it is the genuine company.if any one can prove that this is the genuine company then me & my biggest circle nearly 30 members are ready to join in this.
satish
Don't hesitate, nobody will loss money. For Gujarat you can contact me.
Raj
9274 300 300
Gujarat
Wise investor only invest in a company after investigating of the company future and potential
If Speak asia online is very genuine and legal company then please answer my some of the questions below……
1)Who are the promoter and founder of the company?
2)who are the shareholder what is a paid up capital and where is the register office of the company?
3)where is the audited P & L account of the company and annual report of the company for the last year?
4)how will they pay such a huge amount without any IT problem to the receiver from other country?
Yet some points are good of prooving Speakasiaonline as a fraud
May be this company is fraud.
My point of view is different
Why company use MCAFEE security as it charges high amount to the website.
Point is , if this is fraud then no use of MCAFEE reputable security
Why this work with TRAI regulation that no company promotion will be send to DND services before 9 PM.
Point is , if this has to collect money and run away, then why work under regulation of TRAI
Company use support call for payment related queries, promotion schemes, joining procedure
No need of this , as people is directly joining by upline members .
Company is opening an office in MUMBAI.
No need if he has to run away
Company is showing legal proofs online.
Point is , Not even a single MLM company i know which show so much of proof.
Company is been accredited by ACRA certificate of good standing.
No need to get this certificate as if he is fraud.
Now Think in logical way, if company id fraud(may be) then no need to get these certificates.
Now some will raise the point as, this will all be done to lure the people.
But think in another way, INDIA is a big market, MAX Forex is not run away from india, yet its MLM and investment company. They are still operated in America. Yet they do business as investing indian money in foreign companies, Govt make the charges high( Good step taken by GOV), so Max Forex has to close the business.
Now i know, some ultra advance thinkers will comment on this also.
Thanks for reading
http://app.sgdi.gov.sg
but there wasn't any co.'s registration ...:-(
As I already sent my Emails to all of you regarding the dubious activities of Speakasiaonline SURVEY Company.
Pls Read Below the Comments of Responsible Citizens (Moneylife Team-Personal Finance Magzine) of India at
http://www.moneylife.in/article/another-...
and I Got four replies from the team of Moneylife in response to my Emails in which I raised the Issue against this MLM Survey Company that how our Country's Money is getting Transfer to this Singapure based company by our Own People (White Collar Traitors of India) for getting just Commission of around 9.27% for Fullfilling Their Greedy Dreams.
Below is the Contents of one Reply from The Moneylife Team and rest is form Mr. SATYEN PANDYA, Ajay , SANJU.
----------------------------------------------------------------------------------------
New comment on - Another MLM scam in the happening, this time under the pretext of an online survey
Friday, February 25, 2011 6:13 PM
From:"moneylife Mail Alert"
To:[email protected]
Dear Yathagat Khanna,
A new Comment is added by Manish, on article Another MLM scam in the happening, this time under the pretext of an online survey .
To view the comment click here.
Unsubscribe from this topic by clicking here.
Regards,
The MoneyLife Team
-------------------------------------------------------------------------------------
For this I would like to say Thanks to the Team of Moneylife (Personal Finance Magzine).
Here I would like to ask Mr. Ajay Bansal that How Much CASH Money he has Transfered from India to Singapore in 5 Months for earning Rs. 8 Lacs.
Here Below is his Comments along with his Contact Info.
_______________________________________________________
ajay bansal 1 week ago
i have earned till date rs. 8 lac in just 5 months from the company & all the things written here are more or less false and if any one wants i can clear all the details. if wants to contact me, contact at [email protected]
______________________________________________________
It is My request to every Responsible Citizen of The Country please take preventive action as soon as possible against the Team of Speakasiaonline along with its Frenchises (You Can say them, their Money Collections Center).
Regards
-Yathagat
after tht u will get to know tht speak asia is a big fraud ....
they just revolving moneu b/w indians nd making fool of them .....
i have invested Rs 50000 last wednesday. can any one tell me that how much time company will stay more? i am so tensed after reading this all chit chats.
good joke brother....
i know if i'll say you to show proofs then you'll say "if you will join with me then only i will show proofs.." this is pet line of you people.... if you had really earned 800000/- rs in just 5 months then i am surprise why are you saying people to contact you ... lol...
you are good in lies but not that good brother.... take care...
See..we don't know what the top management of speakasia is having in their minds but yeah, if they are true to their business model, i am sure this company gonna stay here for long..coz there's huge potential in market research market.
Mind you, there have been a no other players in the similar biz both in online and offline model..but the reach n depth of users speakasia has measured in such a short span it's gonna benefit the corporates to a great extent..
there are, of course, a few points of concern like the validity of a user's identity and sending a similar survey to every user (while it should be sent as per a user's demographic profile) are there..but again these can be dealt with ease if the company is really serious about its model.
m nt saying that speakasia can't be fraud, they can be but am really amazed to see how successful this model is and how much time, effort and energy it is saving for the corporate clients.
Let me tell you a real incident..my friend who happens to be in marketing department of a leading telecom company..they'd to conduct a survey about safety measures and braodband's role in it..they gave this task to Nielsen and it conducted a manual survey of only 2000 people in south india which took them 3 months and you know what..they charged Rs 30 lacs for this.
Survey of 2000 people in 3 months' time and cost Rs 30 lacs..
And see..if my friend's company got this task done by speakasia..what would be the major diff..it's time and pilot size..speakasia just needs to upload the survey on its site and in a month's time it gets filled..u can imagine the time, cost and energy being saved here..and yeah speakasia's pilot size also adds strength to their service towards their clients..
thank u