Disclaimer: The statements published here are my own based on information collected on worldwideweb and have not been validated by SAOL management anywhere. These have been posted here just to increase awareness of business model of Speakasia
Some more queries and their replies
Query 1
Mother of all frauds:
Speak Asia has collected Rs 2000cr frm 2 mill.members for a market which is not more than 10crore Rs per year. ( Market research is a 100 crore industry of which only Rs10 crores is spent for collection of information every year and only small portion is online. Speak asia is proposing to make 1 crore members and collect 11000 crore Rs and pay 48000Crore Rs per year ( 4000 per month for 12 months for filling up forms per head!!i) Can you beat this fraud????
Speak Asia has collected Rs 2000cr frm 2 mill.members for a market which is not more than 10crore Rs per year. ( Market research is a 100 crore industry of which only Rs10 crores is spent for collection of information every year and only small portion is online. Speak asia is proposing to make 1 crore members and collect 11000 crore Rs and pay 48000Crore Rs per year ( 4000 per month for 12 months for filling up forms per head!!i) Can you beat this fraud????
Reply 1
Advertising and promotion spend of Hindustan UniLever (One of the biggest FMCG Company in India) was Rs.2,391 crore, or close to 14% of its Rs.17,500 crore sales in fiscal year ended March 2010. Assume this company spends apprx 25 crores (10% of entire AD Budget) to target their audience through survey companies like SPEAKASIA who have their business model well explained in their press conference and SPEAK ASIA targets only 20 such companies it can generate 500 Crores from FMCG sector. Then there is auto sector, Banking Sector, Consumer Durables sector and the list goes on. In the country like INDIA, i don`t think it is hard to find 300 such companies who can spend 25 crores per annum to reach the target audience... 25 Crores X 300 = 7500 Crores. That simply speaks volumes of business this company can generate. So don't be amazed if tommorow some one wants to be a panelist and not a single penny is charged by the company from them
Query 2
investing 11k and getting 50K in return in a year....don`t u think its not correct somewhere in itself?
Companies u r mentioning may spend certain amount on surveys..agreed ..but they ll also pay per survey. As I heard this company is allowing one member to give their opinion three times ..how fair is that business??
getting 500% returns and that too from a fair business of filling brainless surveys..
Companies u r mentioning may spend certain amount on surveys..agreed ..but they ll also pay per survey. As I heard this company is allowing one member to give their opinion three times ..how fair is that business??
getting 500% returns and that too from a fair business of filling brainless surveys..
Reply 2
Have you ever noticed that whenever a new idea is born, there are more resistances to it than acceptances.. (Amway, CNG Autos, Low Floor Buses, Ramdev Yoga Classes, sexy sexy mujhe log bole (Dulaara Song), Jumma Chumma (Song from HUM) .
Now each of these are acceptable in India. This is because people who have short vision and are narrow minded can not see a longer clear vision.
It is not mandatory to pay 11000 just check the website of the company
Now each of these are acceptable in India. This is because people who have short vision and are narrow minded can not see a longer clear vision.
It is not mandatory to pay 11000 just check the website of the company
Query 3
do you know the calculation of their weekly survey payout? let me tell you - 500 75 (sponsor commission) x 1500000 = 86.25 crores x 2 surveys = 172.5 crores??????? therefore wyarly payout for 52 weeks = 8970crores ... can you enlighten us how many companys needed for this?
Reply 3
They need 300-400 companies spendiing 25-30 crores each.to pay 9000 crores. HUL`s advertisment spend last year was 2391 crores hence 25-30 crores is easily spendable by most of the companies in INDIA. Now don`t say corporates won't spend such a small amount just because every one is hell bent on proving this as a PONZI . IF they see merit in company's business model i.e. precision MASS Marketing, they can spend even 100 crores each..
Come on grow up ,see the use of technology and how it can benefit the entire
society.
8950 crores is a pretty small amount when compared to various other numbers floating in media through our beloved politicians..
Even article on economictimes link for which is given below says that
Come on grow up ,see the use of technology and how it can benefit the entire
society.
8950 crores is a pretty small amount when compared to various other numbers floating in media through our beloved politicians..
Even article on economictimes link for which is given below says that
http://articles.economictimes.indiatimes.com/2011-05-09/news/29522950_1_survey-easy-money-unemployed-youth
"So, should you become a member of any online survey scheme to earn money on the side? Ideally, no. But if you do want to give it a try, opt for the one you know the most about, the one that is most forthcoming with details of its business, and the one that is the least costly to get into. Use the online advantage to keep in touch with other members and make sure that you know about the company`s whereabouts"
They are also not sure whether this is correct or not.. But it has been atleast open in suggesting to give a try..
Disclaimer: The statements published here are my own based on information collected on worldwideweb and have not been validated by SAOL management anywhere.These have been posted here just to increase awareness of business model of Speakasia
No comments:
Post a Comment