Speak Asia Online, a Singapore-based company has been cheating the gullible Indians with the inducement of easy and quick money. On 6th February, 2011, a seminar was organised by one of the franchisees of Speak Asia at a hotel in Vijayawada.
The speaker, one Mr Siva Kumar, enthusiastically described the business plan of the website company. On one hand, he says that it is a business plan and on the other hand, he says it is an employment in which one works for 40 minutes a week to earn a substantial amount of money.
Like all multilevel marketing schemes, Speak Asia also gives fancy names to its distributors. The are called panelists and each panelist could create sub-panels also. Each panelist could create only three IDs on a single telephone number but he could create three sub-panels on each ID. That means a person could create nine panels and work on all the nine panels to earn money.
There are two types of panelists : one Standard Panelist and the other Premium Panelist. One has to pay Rs. 5500 to become the Standard Panelist and it is Rs. 11000 to become a Premium Panelist. Standard Panelist has to undertake two surveys a week to earn Rs. 325 and Premium Panelist would be paid Rs. 930. Given the facility of nine panels under one person, he has the chance of earning Rs. 30,000 every month, the organisers claim. .
Speak Asia also used the same words 'fulfill your dreams' 'Retire young' like Amway crooks.
Then there is incentives for referring the business plan to your friends and relatives. Yes! it is a money circulation scheme with a fancy name. And they could earn more money by referring the business plan US $20 per person. And they could also earn money on the work done by the downline members. Rings any Bell? Yes. it is like Amway India.
Surprisingly, Some of the participants took exception to the scheme of referral saying it is also multilevel marketing. Immediately, the organisers said that it is only optional for extra income. What they do not say is that is the main crux of the business plan.
As long as there is new recruitment, the Panelists would be paid some amount for filling the survey forms. Once the recruitment stops, the company http://www.speakasiaonline.com/ may disappear.