I was not aware about this ‘so-called’ Speak Asia Online Scam until people around me started talking about it. As taken from the site, Speakasiaonline.com is a survey driven website, where you can participate in surveys and earn Online. As you can see the site has good stats and it is quite popular with ‘eager to make money’ youngsters. But it became opposite when bloggers and media started to digg, and finally concluded that they are not genuine.
This recorded video is a Conference held in Mumbai, kinda Press Meet, where reporters started to ask several questions and unfortunately they didn’t get satisfying replies for that.
Do you really believe they are scam or ponzi scheme? Or it is reverse? Do share your opinions below.
Susheel kumar
November 31, 2011 at 6:58 pm
Hi, I am Speak Asia’s panelist with less than 1.5 months experience. After star news report, I had lot of confusion. I watched & carefully listened to the entire press conference for 3-4 times. I tried to closely observe every person who was speaking in the conference.
My observations are:
1. I appreciate company’s call to hold press conference. Company’s move to present their top management before public was quite impressive. I feel it shows that:
a. Company knows how important the Indian Market is.
b. That they will not back out simply because Competition/situations getting tough for them
c. That they are financially sound, have better plans and future for themselves and for their panelist
d. That they invested heavily in technology, training and advertisement earned lot of reputation initially and will not let it go waste
e. That their intention is good and they can not be seen as a fraud/scam.
f. That they will co-operate with Indian Authorities and ready to face consequences if they have done anything wrong but will not run away.
2. To my thinking they have answered all questions satisfactorily and I trust its continuity.
3. I observed that few news reporters were very annoyed, used hard words and repeated same question many times and at times were illogical but CEO of the company answered their questions with patience and smile. I liked it!
4. I think business of the company is very clear i.e, “global panel provider” although their strategy to increase their panel base was that of MLM and vulnerable to bad reputation.
Further, I feel that company lacks in below areas and should overcome it:
1. There was lack of transparency in company since beginning. It needs to be more transparent to regain its reputation.
2. that company currently conducts test for free membership in Mumbai only. It should do it in other cities also.
3. that company should have clear cut exit clause mentioned in their web sites
4. that company should open PE/offices in India as soon as possible
5. that company should be more compliant with statutes like Income Tax.
5. that on its site itself company should clearly mention that Rs.11k is taken for their training purposes and paid back to panelist in 8-10 weeks time by way of training survey income. Thereafter, survey should be actual and should be paid according to length and background of panelist.
I believe, Speak Asia has good numbers of panelist (1.9 Mn) and can do its business well with them. Lets go a long way together with trust on each of us!!
They surely are a scam company and going to run away in the near future. But they will not run away fast. That's why they have invested in ads in IPL.
When I first came to know of Speak Asia, the first thing that I found strange was why will a company pay to get its survey done by Speak Asia when it openly says that anyone can participate. No eligibility guidelines.
Speak Asia reminds me of a story I read from the Sherlock Holmes series. A guy was hired to do virtually nothing but was to be paid a handsome sum for that. He fell for the trap. Actually a group was planning to rob the bank that lied just a few metres away from his house. They wanted him to stay away from the house so that they can build a tunnel to the bank. Fortunately Sherlock Holmes found what their plan was.
Here, in case of Speak Asia, even though many know their plans, nothing can be done against it.
Right now they are also sending out money to people who have registered. One of my friend registered and has already received around half the money. But they will run for sure after they have a large corpus of funds. And as the company is registered outside India, nothing can be done.
But what takes me for a surprise is why the govt isn't doing anything. Shows they too have a complicity with Speak Asia.
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I have speakasia's panelist also. But unluckely our history is evidance of pull the leg who one persons is take over. we have also suffering like that.
RAMSURVEY Has under central govt. liscance & leagal doc. but media also taken objection on that, media is also not present the news clearly & tuthly.
Theft is war hidely. But CEO,COO of sp.asia is openly present to media aswellas in public. therefore we can't sure what is true. wait & watch what happening.
guys speak asia is a genuine cmpny nt frud many of my friends invstd in this cmpny n were getting mny regularly until thz star shits hapn guys star news is doing bcoz of business rivalary nt nthg else i myself invested 11000 bt bcoz of thz star crap my payment has been delayed its only trp war n nothing else…nt soon speak asia will move to supreme court.. STAR NEWS WAS PAID SOME CORORE FOR THZ FALSE CMPN I HV ONLY ONF WORD TO SAY FUCK OFF STAR NEWS IS PLAYING WITH THE FUTURE OF 1.9MILLION JST FR TRP STAR NEWS SHAME ON YOU..
They are pakka a spam and i was fooled once. They never pay. and look at the so big video. he didn't convenience the users at all. Sadness.
Hi,
I am a spakasian and all i can say is that company was doing pretty well till the time some star news people messed it all. Star news has got their own survey panel website (its free as of now with hardly any earning bt ofcourse they have plans to replicate speakasia). I guess this is a reason enuf (market competition) for star channel to spread rumours abt a company which is doing (atleast was) doing great..!!!!
Not once anyone had any compalint from speakasia as far as payments are concerned. However, since the media is playing a terrorist()especially star news) this website is suffering. Media should understand their role in society and should use it for good reasons instead of concentrating on TRPs only. Did star news even once thought abt the result of their act. Well…. bank accounts of speakasia has been sealed and this has resulted in delayed payments. Media is forcing this company to declare a fraud. Why is my question??
If a certain entity is giving good returns then how can some stupid ,media channel claim that it is a frad. If media is so worried abt people of india then they should have tried to get the payments for people at the same time instead media decieded to get the bank accounts of speakasia sealed so that all people (commonman) does not get money. Shame on media channels like Star news….
Speak Asia geniune hai ya fraud mujhe nahi pata par main itna janta hoon ki yah apna apna risk hai nuksaan yaa fayda kis company main nahi hota jis tarah share market main hota hai mujhe itna pata ki company abhi tak toh paisa de hi rahi hai usne kisi kaa paisa nahi roka ab agar company bhaag bhi jaati hai toh woh apna apna luck hai. jinohne 11000 dekar lakhs kama liye woh fayede main unka bhi toh risk tha aur agar company lakhon kama rahi hai public se toh lakhs se jyada de bhi rahi hai jin costumer ne apne paise vasool kar liye woh toh tab tak free le rahe hain jab tak company chalegi company ko unhe bhi tho dena hai pure year. jab tak company ko fayada dikhega company chalegi woh toh har company ke saath hai nahi toh band. aur ek baat aur kahoon fraud company apne ko kabhi bhi open nahi karti, uske ceo, ya managing director kabhi bhi public ke samne nahi aate aur khaas kar media ke saamne kyon ki use pata hota hai ki us par action ho sakta hai aur speak asia toh apne ko open karke chal rahi hai jaise IPL maches main, abhi inhone goa me genral X bazaar rakha aur celebrities ko bulaya company ka itna dimag kharab nahi tha jo apne ko kulkar open karegi kyonki kulkhar aane ka matlab hai apne liye musibat mol lena. aur agar company fraud hoti toh media ke saamne nahi aati aur star plus ko sirf apni TRP se matlab hai. Sab jaante hain Private channels apni TRP ke liye rassi ka bhi saanp bana dalte hain agar company fraud hoti toh iske ceo media ke saamne nahi aate aur star news bina unki marzi ke unse baat nahi kar sakte the. aur ye ek chain company hai agar dhoondne lago toh main logon ka toh isme pata nahi lagta ki unke upar ke upar koan hai ye kaam toh company ke log bina saamne aaye bhi kar sakte hain kahin par bhi 4 computer laga lo unhe saamne aane ki kya zaroorat thi aur waise bhi har chain wale ko apne senior se matlab hai apne uper wale ke senior se nahi agar company ko fraud bankar hi kaam karna hota toh woh saamne nahi aati jaise aur mlm companies chal rahi hain star news ka baap bhi pata nahi laga sakta tha ki main aadmi kaun hai yah kaam paise lene dene ka toh singapore se computer se bhi operate ho jata aur jab tak news wale wahan tak jate tab tak company farar ho jati agar 1 million log paisa kama rahe hain aur akhri ke lakhs 2 lakhs ko nuksaan ho bhi jata hai toh koi farak nahi padta. i jyadatar log berojgar hain jo thoda bahut log paisa lagakar extra income kama lete hain company thik thak chal rahi thi star news ko TRP ki padi hai khud toh kisi ko rojgar de nahi sakte jo hai wo bhi chinene main lage hain logo ka abhi agar muh mai paisa thoos diya jaye toh mooh band star news walon ka. jo news logon ko dikhani woh dikhate nahi bade bade neta logo ke bare me kuch bhi dikhane me inki hawa nikal jati hai chale hain logon ko jagrook karne. agar speak asia join bhi karna hai tohapne risk par kariye kisi ke kahne par nahi. kisi ke fraud ya geniune kahne par nahi jayiye paisa aapka hai risk bhi aapka hona chahiye. school main accounts main padaya jata hai no risk no gain. yeh business ka usool hai. jo nuksaan kahyega apne dam par jo fyada hoga wah bhi apne dam par.
Hi, I am Speak Asia’s panelist with less than 1.5 months experience. After star news report, I had lot of confusion. I watched & carefully listened to the entire press conference for 3-4 times. I tried to closely observe every person who was speaking in the conference.
My observations are:
1. I appreciate company’s call to hold press conference. Company’s move to present their top management before public was quite impressive. I feel it shows that:
a. Company knows how important the Indian Market is.
b. That they will not back out simply because Competition/situations getting tough for them
c. That they are financially sound, have better plans and future for themselves and for their panelist
d. That they invested heavily in technology, training and advertisement earned lot of reputation initially and will not let it go waste
e. That their intention is good and they can not be seen as a fraud/scam.
f. That they will co-operate with Indian Authorities and ready to face consequences if they have done anything wrong but will not run away.
2. To my thinking they have answered all questions satisfactorily and I trust its continuity.
3. I observed that few news reporters were very annoyed, used hard words and repeated same question many times and at times were illogical but CEO of the company answered their questions with patience and smile. I liked it!
4. I think business of the company is very clear i.e, “global panel provider” although their strategy to increase their panel base was that of MLM and vulnerable to bad reputation.
Further, I feel that company lacks in below areas and should overcome it:
1. There was lack of transparency in company since beginning. It needs to be more transparent to regain its reputation.
2. that company currently conducts test for free membership in Mumbai only. It should do it in other cities also.
3. that company should have clear cut exit clause mentioned in their web sites
4. that company should open PE/offices in India as soon as possible
5. that company should be more compliant with statutes like Income Tax.
5. that on its site itself company should clearly mention that Rs.11k is taken for their training purposes and paid back to panelist in 8-10 weeks time by way of training survey income. Thereafter, survey should be actual and should be paid according to length and background of panelist.
I believe, Speak Asia has good numbers of panelist (1.9 Mn) and can do its business well with them. Lets go a long way together with trust on each of us!!
hi all,
there are some positives and negatives on speakasia online.
Positives : started in 2006, have good growth till now – around 700 million dollars in asia. but they started survey in 2010 feb. concerning on their growth, they wont stop this survey come MLM process for next 2 years, they gonna start Tv channels, insurance and online product sales etc… so its growing…
Negatives : registered under singapore govt, not under India govt!
Here is the detailed earning process on speakasia online : http://www.speakasia-online.in/
Firstly I am not working with SpeakAsia, although after this press conference they have definitely confirmed that they are genuine.
The media and bloggers concluded that they are not genuine? The media and bloggers couldn't care less. It is the story they are after.
As of this press conference, they had 1.9M panelist of SpeakAsia tuned in to watch this press conference. TRP!!!
It has become all too common to hang people before they are judged. People feel they are doing something righteous and glorious.
Lets see some facts :
SpeakAsia is doing legal business! Period. If they are breaking law, they would have been closed by now.
It has incentivized and referral commission structure. Nothing different from a hundred other sales, marketing and brokerage businesses.
Yes, they can definitely close down tomorrow and people can lose money. So can people investing into any business they start. However, they have categorically told everyone that this is not any investment but subscription which is like anyone periodical subscription.
Crucifying has become the national pastime. There is no law against that.
Media is just a medium to make money, not to publish or present the facts. Let this be very clear. They get paid to show news and it is prevalent in the industry.
They are supposed to be unbiased, but clearly this is not the case.
So where the credibility of the person/entity is at stake, authentic information cannot be accepted.
Every year, thousands of investors lose money in the stock market and mutual funds. Does that mean we should close down the Stock markets?
SpeakAsia has paid money to each and every panelist till date and no defaults. So any accusations and insinuations amounts to only slander and idle gossip.
Get facts right and then make a judgement. Unfortunately media know that people are just to lazy to investigate themselves or just too stupid to decide.
Interestingly Star News is getting into panelist business themselves.
Dude you say you aren't from the company but anyone, just anyone can say you are an insider.
I don't know why do companies ever allow this kind of response to negative opinion about themselves. It's another thing to say you are not defending a company and just want to give an honest opinion. But before you pen it down, please double check if this really appears unbiased.
Coming back to Speak Asia, be assured they are not going to close so soon. They have fed the guys in government so much that they will not bat their eyes until the company flees one the country one day. Until then you will get many gullible souls who are ready to be duped.
They surely are a scam company and going to run away in the near future. But they will not run away fast. That's why they have invested in ads in IPL.
When I first came to know of Speak Asia, the first thing that I found strange was why will a company pay to get its survey done by Speak Asia when it openly says that anyone can participate. No eligibility guidelines.
Speak Asia reminds me of a story I read from the Sherlock Holmes series. A guy was hired to do virtually nothing but was to be paid a handsome sum for that. He fell for the trap. Actually a group was planning to rob the bank that lied just a few metres away from his house. They wanted him to stay away from the house so that they can build a tunnel to the bank. Fortunately Sherlock Holmes found what their plan was.
Here, in case of Speak Asia, even though many know their plans, nothing can be done against it.
Right now they are also sending out money to people who have registered. One of my friend registered and has already received around half the money. But they will run for sure after they have a large corpus of funds. And as the company is registered outside India, nothing can be done.
But what takes me for a surprise is why the govt isn't doing anything. Shows they too have a complicity with Speak Asia.
It's totally fraud and scam thing. No one is going to give money so easily in today's tough competitive world.
Its really scam.. no company will pay per panel Rs. 500 for a single survey. They can do it in a quite cheaper way. Remember, there is no easy money