Every One is just waiting for Speak Asia to run and then they will take action,

A week after Aaj Tak and STAR News exposed the investment fraud by Speak Asia Online (SAOL), its franchises were raided at two locations in the Uttar Pradesh capital for alleged evasion of service tax. The information was confirmed by the office of commissioner of excise and service tax in Lucknow.






Meanwhile, the Union government also stepped in to ensure that the investors were not taken for a ride. The ministry of company affairs said that the government would ensure that the "Singapore-based" company did not indulge in any action which could adversely impact the investors who have put in millions of rupees into it.


Speak Asia, which hawked a "get rich quick" scheme, had landed in a trouble after Mumbai Police received a complaint filed by BJP leader Kirit Somaiya on Tuesday to probe its operations. Earlier this week, STAR News exposed Speak Asia's false claims of having clients like ICICI Bank and Samsung on their roster. Somaiya wants the finance ministry to follow the trail of the large sums of money raised by this company and its modus operandi.


There is still no clarity about Speak Asia's business model and no information has been forthcoming as to who owns the company and how it makes money, though it appeared to be another chain-marketing scheme.


On Monday, SAOL has said that it has worked for companies such as Bata, Nestle,Airtel, ICICI and ING Vysya but has not provided commissioned services to them amidst media reports that the company had falsely claimed them as their clients. "We have interacted and worked with these companies. But we have not provided any commissioned services to them," Speak Asia India's CEO Manoj Kumar, said.


SAOL is a company where consumers pay around Rs 11,000 for a membership which will allow them to conduct some surveys online for the firm. The members also get paid for filling those surveys. It is believed that the Rs 11,000 investment could be recovered within three months.


Noose tightens around Speak Asia | Speak Asia in dock after STAR expose

http://onlinesurveyopportunity.blogspot.com/

SpeakAsiaOnline is most popular in India, Bangladesh and Nepal, all of which are developing countries with a number of poor educated/semi-educated  youth, who are always looking for easy ways to make money without much efforts and a number of opportunities targeting this segment of market are frequently floated in various forms by many companies and people in the region.

Membership of this company Speak Asia Online from India has skyrocketed in last three months as its based on a MLM (Network Marketing) concept and people who are already a member are luring others to join due to a number of reasons.

You can see its latest Worldwide Traffic Ranking, it is ranking high in these three countries Bangladesh, India and Nepal which are still developing countries with a major part of population living below poverty line.

Please note that paid online surveys cannot uplift the economy of any country, these are only conducted by market research companies who pay participators who contribute there views about various products and services and help market research companies to know more about there customers mindset.

Is It A Scam or An Opportunity

Well it is not a real legitimate opportunity, its just an opportunity for scammers and those who only want to make money without considering its source and purpose,it is a good opportunity for people who can recruit others as member, just like common MLM opportunities, spread across market.


Following facts that must  be considered:

1. SpeakAsiaOnline.com is a web based business and its domain name was registered in year 2010 only. Anyone can register a domain name, even right now and then get a website designed by someone and if it works as per the plans, then one can extend registration for more years.

2. SpeakAsiaOnline is registered as a Pvt. Ltd. Company in Singapore and therefore isbeyond the jurisdiction of Indian Laws. In India we don’t know about the basic requirements of getting a company registered in Singapore, conditions on which it can work, its responsibilities etc. etc. Even here in India we can get our own private limited company registered if we are ready to invest few thousand rupees.

3. SpeakAsiaOnline is a membership based site i.e.,  one must invest in its membership before, he/she can participate in its weekly surveys and make money, the membership fee is $100 i.e, INR11,000 per annum, which has to be paid each year.

Please note no survey company in the world asks for money  from participants to take surveys. Surveys are conducted for market research and are therefore useful and even important for companies to understand market before launching a product or service or just to plan there business strategies, anyone can join some companies  without paying anything like Global Test Market (which pays in Indian Rupees via Cheque and do not deduct any redemption charges)  which conduct online surveys globally.

Companies or some people who maintain a database of such companies do ask for money to give access to there list of Paid Online Survey companies.

None of these companies charge a recurring annual fee.

4. SpeakAsiaOnline is paying 10 points (1 point equals 1 USD) which is too much for a country like India, Nepal or Bangladesh. I don’t think that even companies that conduct surveys in USA/UK pay this much for a similar survey regularly.

5. Every good survey company conducts a preliminary survey of every participant before allowing him/her to take real survey and those who satisfy this are only allowed to take survey (cause there are limited number of participants allowed for a specific profile).

If you have already joined or are willing to join then please do read this post when its completed and share your views via commenting here. I’m quiet sure that there is something wrong with SpeakAsiaOnline Opportunity in India.

You can read more at Yahoo Answers India Answers to a question on “What is Speak Asia Online?”. You can see that almost all people who replied (except one) are members of this MLM company (Speak Asia) and trying to recruit other members under there own downline.

Well, it seems a number of Indians have already invested there money in Speak Asia Online Opportunity and as the income from weekly surveys is limited, they are trying to recruit as many people as they can using various means (today I see more marketing propaganda online and offline) and personal resources.

I don’t think either the company or its members should worry about this, our parliament in India is itself a house of a number of tainted MPs, and this is also the case with legislative assemblies, a number of scams and corruption cases are being surfaced and more are taking place and yet to be discovered. In-spite of all these facts and our familiarity with these issues and people we recruit/elect  same people after some time and they reach parliament and assemblies again???

Why, because we are Indians & Indians are known to be aware of there rights and duties. Read more in Facts About India Today.

Anonymous said…
Good one i like the way you express your concern. Thank you. Could you please say something about RAM SURVEY ?
12:02 AM
Trial Blazer said…
nice and informative commentary about the scam. hope your writeup will help few people.
7:20 AM
Anonymous said…
I think, You have searched only on internet. Have you ever tried to collect any knowledge from other sources. Have you ever tried to meet or ask SpeakAsia’s management persons? It is not wrong if they has started the company on a small scale but now they are expending it as the company is growing. Company is going to take office in April in Goregaon, Mumbai. Company has a lot of plans too. They have appointed more than 150 managers. They are going to start advertising service. Which will help company to increase its revenue. And if a company is earning good and the concept and the business module is good, company will definitely survive. You know how to write a blog and can surf internet doesn’t mean you are writing everything correct. Do proper research and know the concept and business module of the company then comment. Thanks

You are right, most of the information that I’ve collected comes from online sources, but this doesn’t mean that I am writing without the right information or the writing is baseless.

It is true that company is expanding because it is profitable but it doesn’t mean that anyone who joins it will also make that much money.

Speak Asia Online is basically a MLM and they charge a high annual membership fee which is wrong and none of the legitimate survey companies across the world charges this much money for survey participation membership alone.

Can you tell me why this company is only successful in India and not in its parent country or anywhere else in developed countries.

Well, India is an amazing country, people like Parliament Attack convict Afzal Guru and terrorist involved in 2008 Mumbai attack Ajmal Kasab are yet to be hanged.

Our own leaders involved in Commonwealth Games 2010, 2G Spectrum Scam, Adarsh Housing Society, Bullet Proof Jackets and DRDO etc. etc. are well known and it is really shame that those who are involved are confidently denying all allegations.

I’m myself involved (or to say the least am a member of SpeakAsiaOnline) that is why I know how good or bad it is and I didn’t joined it to make money alone but to test its legitimacy.

I’m myself a computer professional and online entrepreneur but I’m also a human and have some duties towards my country and country men.

I don’t have anything against any company, but I do not want any innocent person who cannot even afford the membership fee to think that now he/she can be financially independent with this opportunity.

I don’t write this blog for promoting something, or for my business, it is my modest attempt to open my heart and disclose my feeling to my countrymen and to guide them towards right direction (in my opinion). Right to freedom is our fundamental right granted by Indian Constitution.

So, this post will not harm anyone it will only make them more aware and knowledgeable on the subject and after that one is free to take his/her own decision. I’m not even asking anyone to join under my own referral id.

Thanks for visiting and sharing your views.
10:39 PM
Anonymous said…
beautifully explained!!! great job yogesh!
11:00 AM
Anonymous said…
Dear,
I went through your findings/observation on speakasiaonline, keenly. You have mentioned that you are a member of the above company. Which membership are you holding? Are you a premium member or standard? Do you have any grievance of non receipt of payment for the survey you have done. Please let us know so that the same can be taken up. Let us not mislead innocent people. I do agree one should not go ahead blindly.
10:23 AM
Anonymous said…
Please don’t register to speakasia online.Its s fake company. I am a part of that company and m still suffering from that..
10:03 PM
Anonymous said…
Hi Yogesh & Anonymous,

I think, we all are there with the same amount of risk involved. The company charging / paying high is not a problem, but we must enquire whether the surveys floated are genuine? Is the income really coming from the clients who are conducting surveys?. In my opinion, these are the basic questions. If the answers to these questions are “yes”, then we should not think much about its integrity.

Let’s divert our efforts towards these questions.

Thanks

Do you know, even China has a population similar to India (mentality and financial) but such companies do not exist there, they are only flourishing in India, because we Indians today are very short sighted, we are satisfied if we are in profit.


अधमा धनम इच्छति
धन मानो च मध्यमा
उत्तमम मानम इच्छति
मानो ही मेहताम धनम

I hope some people still remember the philosophy of India.

Please note no survey company in the world asks for money  from participants to take surveys. Surveys are conducted for market research and are therefore useful and even important for companies to understand market before launching a product or service or just to plan there business strategies, anyone can join some companies  without paying anything like Global Test Market (which pays in Indian Rupees via Cheque and do not deduct any redemption charges)  which conduct online surveys globally.

Companies or some people who maintain a database of such companies do ask for money to give access to there list of Paid Online Survey companies.

None of these companies charge a recurring annual fee.

The BEST Online Survey Opportunity | Money Making Paid Surveys

Maximum Paid Surveys is a premium database of the “best” money making online paid survey opportunities. You will get access to a huge resource of over 760 …

Online Survey Opportunity Jobs – Memphis, TN | Simply Hired

Online Survey Opportunity Jobs | Simply Hired Canada

Online Survey Taker – Earn Extra Income, CAD Technologist …

Paid Online Surveys – Get Paid For Taking Paid Surveys and Make …

Maximum Paid Surveys is the ultimate reference for paid online surveys, … really know our stuff and we have kept only the best paid survey opportunities. …

Online Survey Opportunity Jobs – BusinessWeek

1000+ online survey opportunity jobs available on BusinessWeek.

Online Survey Opportunity Jobs, Careers in Winnipeg, MB | Indeed.com

5 Online Survey Opportunity Jobs available in Winnipeg, MB on Indeed Canada. one search. all jobs.

Online Survey Opportunity Jobs, Careers in Burnaby, BC | Indeed.ca

Jobs 1 – 20 of 32 … Job search for 32 Online Survey Opportunity Jobs, Careers in Burnaby, BC at indeed.ca. one search. all jobs.

Take Surveys for Money from Survey-Money.com

Legitimate paid survey opportunities are a legitimate way to make money from home. … More Ways to Get Paid Online Make Money Processing Rebates …

Crowdology.co.uk – A review of their paid online survey opportunities

Reputable survey sites offer individuals real opportunities to earn money online if the individual is prepared to commit themselves to a certain number of …

See some comments :

Anumita Das said…

I think, You have searched only on internet. Have you ever tried to collect any knowledge from other sources. Have you ever tried to meet or ask SpeakAsia’s management persons? It is not wrong if they has started the company on a small scale but now they are expending it as the company is growing. Company is going to take office in April in Goregaon, Mumbai. Company has a lot of plans too. They have appointed more than150 managers. They are going to start advertising service. Which will help company to increase its revenue. And if a company is earning good and the concept and the business module is good, company will definitely survive. You know how to write a blog and can surf internet doesn’t mean you are writing everything correct. Do proper research and know the concept and business module of the company then comment. Thanks

http://onlinesurveyopportunity.blogspot.com/

Tarak Bajpai  

+(91)-(731)-4213849  

+(91)-9755020048

10 Fortuna Bldg, Opp Chl Apollo, 

Anoop Nagar, Indore - 452008

Every One is just waiting for Speak Asia to run and then they will take action,

Why dont you start right now ? 

Make a Police complaint against the person whom you paid the money NOT the company.

Send a copy to all Speak Asia leaders who are based in India.

Speak Asia  will not return your Hard earned money but the person who made you member can pay you because he is the one who made money from your money.

At a specially called ‘damage control’ press conference in Mumbai, Speak Asia officials refuse to divulge any details unless journalists sign a non-disclosure agreement with them. The officials also apologise for mentioning the names of ICICI Bank, Bata, Nestle and Bharti Airtel as their clients 

Speak Asia (SpeakAsiaonline.com), the online survey company engaged in multi-level marketing (MLM) to spread its network across the country, on Monday said that it could not disclose specific information regarding its business. The company's top officials told a press conference in Mumbai, the first time the company has called such a media meet, that unless the journalists present sign a non-disclosure agreement with them, Speak Asia could not divulge details like the names of its clients and financials. (View the video of the press conference at 01.07.56, at the end of this report.) 

Manoj Kumar, the company's chief executive for India, apologised for naming ICICI Bank, Bata, Nestle, Bharti Airtel and ING Vyasa Bank as Speak Asia's clients. "Taking the names of these organisations was a factual error on the part of our chief marketing officer Vivek Gautam and I apologise on behalf of Speak Asia," Mr Kumar said. He, however, said that during the initial period of operations, Speak Asia had worked on these brands, although the service was not commissioned by these institutions. 

Throughout the press conference, all the company's officials, including Mr Kumar, president for emerging markets, Narayanan Rajagopalan and chief marketing officer Vivek Gautam, refused to answer any of the questions put by journalists in a simple 'yes' or 'no' manner. Mr Kumar repeatedly diverted the focus of the specific questions that led the media people to ask him to answer with a simple 'yes' or 'no'. 

To date, Speak Asia does not have any registered office or registration of any kind in India. Today, the officials also failed to clarify the authority under which the company operates. All they pointed to were some generic documents and circulars of the Reserve Bank of India (RBI) and other authorities. Mr Rajagopalan said, "We are setting up a permanent establishment in India from 1st August and set up five offices across the country by the end of 2011." 

Denying that Speak Asia is an MLM operator, he said that the company is neither a survey company nor a marketing company in the broad sense, but it was a 'precision' marketing services (panel) provider. While Mr Rajagopan insisted on the word 'precision', he failed to explain the rational of allowing its customers (again no agent, panellist or subscribers) to buy 21 pins or IDs to buy its e-zine, "Surveys Today". 

Talking about market research, the official said that currently the cost of undertaking such activity was very high and there was inflated cost of ownership for it. "Therefore, Speak Asia, provides an opportunity for companies to do market surveys in a cost-effective manner from its number of panelists," he said. Speak Asia pays Rs500 for every survey filled by its panelist. However, according to market sources, the cost of conducting a survey in India is not so high and companies pay about Rs10 to Rs60 per person covered in a survey. 

Mr Rajagopalan also claimed that in the US companies paid $12 to $100 for every online survey and yet the rate of responses there was just 0.5%. However, a simple web search shows that in the US companies pay $1 to $30 per online survey completed. 

On the company's revenue stream, Mr Rajagopalan said, Speak Asia earned money by providing its panels to marketing research organisations (the company is not one of them) for online surveys, commission earned by selling products and revenues from displaying ads. The company started operations in January 2010, but its official launch happened only in May 2010. Since then, Speak Asia has remitted about Rs325 crore from India and distributed around Rs250 crore to its panelists, sorry...customers. The company spent about Rs50 crore-Rs60 crore on advertising, public relations agency fees and brand building, and earned a net profit of Rs15 crore, to date, Mr Kumar, the CEO for India informed. 

Speak Asia claimed to have paid Rs68 crore as service tax through its collection agents, but preferred to keep mum on the question of any tax deduction at source (TDS), or income tax deducted from payments to its agents. 

In a statement distributed today, Speak Asia said, "At the end of its first phase, Speak Asia Online Pte Ltd (SAOL) has clocked a revenue turnover of USD80.5 million over the last three quarters. 1.2 million panellists have received monies over USD52 million over this period through bank transfers via RBI authorized forex channels. This income has been generated by filling up of surveys, giving online opinion on advertisements watched, and income accrued from referring other panellists. The company has till date invested over USD9 million for various marketing, training and business development programmes. The company in line with other overseas online businesses has a collection representative, which pays all applicable service tax in India; they have paid a total of INR68 crores as service tax to the government of India, up to April 30, 2011." 

To date, the company has avoided replying to e-mail messages by Moneylife about its registration and jurisdiction. However, in the statement, the company said SAOL is committed to transparency and corporate governance in all aspects of its operations across function areas. 

Interestingly, company officials continued to play goof-up on the question about its operations. They said, Speak Asia operates in India, but has neither any operation nor any business in Bangladesh. Mr Kumar responded in the negative when asked at least two or three times about the company's operations in Bangladesh. 

However, a letter from the company's owner Haren (Harender Kaur of Singapore) put up on the Speak Asia website mentions its ongoing operations in Bangladesh. According to Mr Kumar, Ms Kaur and her family owns SAOL. The letter which is not dated, says, "I am pleased to announce that Bangladesh has really done well in the Speak Asia way of operations and the rate of growth has been tremendous. The master distributor for Bangladesh has been finalised and shall be in working condition by the 20th of April. Their location shall be in Chittagong. All the new members joining Speak Asia shall have an option of paying in Bangladesh Takas only w.e.f 20th April 2011. Henceforth all the panel income (binary commissions) shall be remitted locally in BDT by direct bank transfers to the panelist accounts. This shall be completed by the end of April 2011. All the existing payouts shall be organised by the master distributor via bank transfers." 

An interesting aspect is that the company, which up to yesterday said it was 'Asia's largest online survey company', today changed its tagline, choosing to be called 'Asia's leading integrated market services agency'.

All channels are not worried about public interest, because media was watching since last more than year and seeing regular conferences, news in print media, advertisements in news papers and in IPL matches and keep watching the growth of spealasia business and close their eyes, ear and mouth till 11 may 2011.

When they understand the 2nd and 3rd phase of business model of SPEAKASIA, only then they realise that they are going to loose very huge    amount of revenue/income, which they  are getting from their advertisement and selling business through their channels. This is the true reason for their hue & cry (RONA aur PITNA) since 11th may 2011. 

They dont want that common man will be benefitted. Moreover in so many days/months they are unable findout any LAW, Act, Rule of the country which was not followed by the company or violated by the company.

The only reason for hue & cry (RONA aur PITNA)by the news channels are due to loss of income in the future.

rizwan khan[bareilly]up

This press conference is cosmetic and nothing of substance  for lakh of panelist and public. The press conference of  speak asia  legal advisor  is more a tthreat to the prudence of investors na panelists, If  speak asia is sincere and honest in its dealings better come out  not with press releases but  releasing the payments to the panelist more speedily. After all these panelist s  are the best spokespersons by shareing their experiences with public. More delay by speakasia in mitigating the apprehension s of panelists will surely  be down hill fall and difficult to arise,

http://antiscam.co.in/ 

http://www.speakasia-helpline.blogspot.com/

http://www.speakasiahelpline.blogspot.com/

http://onlinesurveyopportunity.blogspot.com/

We request you to provide maximum information related to your travel plan in the "Requirements" field This will help us to process your information quickly and accurately.

Your Ad Here