Tuesday, June 28, 2011

Speak Asia India : Is it Fraud (Scam) or Real

Well, off late there has been a lot of talk on this online survey website speakasiaonline, there were ads on television channels, news papers & also the promoters having a conference with bigger societies, ...

What is this speak asia all about:
Its an online survey company, who pays you for filling surveys on consumer products. The company claims that the surveys results help the product companies to get the market analysis & customer preferences & come up with a product preferred by the consumers.

How it works:
You need to register initially by paying a fee of INR 11,000/- & this is for one year subscription. The company guarantees to provide at least 2 surveys per week for which you will be paid $20 ~ INR 1000, so your monthly income is around INR 4000/- So you can ideally recover your money in 3 months & after that you start getting profits. This is not all, you can get even more profits by referring people, for each referral you will be paid INR 1000/- & for each pair (one left & one right under you - like a binary tree) you will be paid INR 1000/- So if you refer 2 people under you & make a pair, then you get INR 3000/- Also you get 15% of the revenue from your direct referral when they complete one survey, like for example if one of your direct referral completes one survey then your get 15% of INR 500 = 75 Rs.

Hearing all this anyone will be tempted to join this business/scheme, but wait a minute, lets do a quick analysis & later its your call to join this. Here are few points which will help you to take the decision ...

Facts & points to look at:
* If the company is only in to online survey business, then why is this huge initial & yearly fee of INR 11,000 ?
* I don't think any product company will pay such a huge fee (500/- Rs per survey) to speak asia for providing the survey results. People say that, the survey can be completed in 5 mins & some times even within a minute.
* Many people say its not a MLM or network marketing, then why is this referral scheme ? And how is the money generated for paying the commission for referral subscription & referral's survey commission. Its looks you get money from a new subscriber & distribute it to their uplines, well how long will this work? What is the fate of the people who join later & there are no more new subscribers for this ?
* Its a very new company which is just 1 yr old (India) & head quartered in Singapore. It has changed the name of the company multiple times in past few years.
* If you search in google for consumer complaints, you can see hundreds of complaints already in the name of Speak Asia.
* The company has franchisee model, so you will not directly pay to the company, rather pay to the franchisee who will get some commission.
* Speak Asia announced in a public forum that ICICI, Bata, Airtel are their clients who have asked for surveys, but ICICI, Bata, Bharati Airtel denied on this & confirmed they have not requested for any surveys from Speak Asia

Here is the news coverage by Star News & Headlines Today, watch it for the facts & reality ...

Star News Coverage on Speak Asia

Headlines Today News Coverage on Speak Asia

After looking at the facts, feedbacks & news on Speak Asia, now its your call to join this online survey business ...

Disclaimer: I am not related to speak asia nor personally used the service from speak asia, this is just my analysis from the information I got from my friends & from the internet/websites. I am also not making any judgment here, its the user's wish to take a decision.

Wednesday, June 8, 2011

Earn money thru Mobile Phones (mGinger)

With the revolution in the mobile communication, now a days every individual will have one or 2 mobile phones or SIMs. So advertising through mobile has become very popular as it reaches many people. mGinger is one such advertising company. They will send SMS ads & also pay you for receiving such SMS. Ads are targeted based on your inputs, they also have good deals & coupons regularly. They also do pay for receiving ads via emails. So instead of simply receiving SMS ads by the service provider or some other company without any benefit, you can go for this mGinger where you can earn money for receiving SMS & emails.

To register, all you need to do is to click on the below link and register yourself with details of the kind of advertisements you want to receive. Users get to choose the number of ads they want and when they would like to receive them. The company will pay users 20 paise for each SMS ad received and 10 paise per referral & 5 paise for each of the referral's referral SMS ad received. They will also pay 10 paise for each email ad.

Here is a small math for how much you can earn thru this program ...
Lets say you have 20 Referrals & each referral has 10 referrals.
If you get 5 Ads per day, then your direct income = 5 * 0.2 = 1 Re. per day
If your 20 first level referrals get 5 ads per day then its 20*5*0.1 = 10 Rs per day
If your 20*10=200 second level referrals get 5 ads per day then its 200*5*0.05 = 50 Rs
per day
If you receive 10 email ads per day then your email income is 10*0.1 = 1 Re.
per day

So your total income per day is 1 + 20 + 200 + 1 = 62 Rs
Your monthly income is 62 * 30 = 1860 Rs
Your annual income is 62 * 365 = 22,630 Rs.

Wow ! 22,630 Rs annually without much effort is simply superb !
Then what are you waiting for ... Sign up here by clicking on the below banner:

Money which I have already earned in mGinger so far is Rs ~ 2000/-