Future of Speack Asia Online?

India
May 18, 2011 3:38am CST
I just watched the headlines today which exposed the potential scam of Speakasiaonline. The CEO of the company is a complete dumb. When ever a question is asked, he misleads, not once in 1 hour discussion, he answered correctly. He keeps talking about business model which he never explained. I am really not sure with a dumb like Kumar who is leading the company will have any prospects. You can clearly see his body language he is frightened. My Fav que 1. What is revenue source ( investment from members is denied by CEO if no who are your clients? My Fav tweet i liked, Problem is greed and greed can kill your commonsense. What you think is the future? Whom to blame investors or the company? Is this will turnout to be a Scam? Views Please
5 responses
Venkataraman
@venkataraman_vc (5293)
• Chennai, India
18 May 11
Already I heard the news that SpeakAsia were about to hike the price by 40% (that is, from Rs.11000 to Rs.15000). I thought that they've decided to kill the business. And now, there is another news in the Air, this time from Star News channel. This also is going to kill the business to some extent. Besides your questions, I doubt whether this news was purposely spread to kill the business. Coming to your questions. I think the revenue source would be the member fees. (And, we can't expect a CEO to tell anything about their clients. No company would do it.) The answer to your another question is within your topic. "Greed can kill (y)our commonsense." Anyone will try to exploit the situation, so we can't blame and company or the Government.
ptcamateur
@ptcamateur (441)
• India
18 May 11
Hi Venkat Thanks for your reply. So you think its a genuine business model? The CEO claims that revenue source is not the member fees. And they don't force members to invest. 10000 out of 11000 is publication fee where you get training material for those who has got no knowledge of internet. He claims that you can earn without investing oops and he says it not investment :) And it is also proved that the clients he already mentioned are fake, they said airtel, bata etc are their clients. however when enquired with the companies they stated they never outsourced any survey related work to them for which CEO himself apologized. I am not trying to be pessimistic, i am trying to be realistic about the facts.
ptcamateur
@ptcamateur (441)
• India
18 May 11
He did apologize on behalf of his team, but too early to comment lets wait and see. His team while selling the product said that the airtel new logo was launched by them, they are partners with bata and icici. There were also couple of calls saying that even they were told the same story. Hopefully its not a scam.They are currently paying its members, however it may reach into a deadlock position soon. Thanks for your inputs venkat! Happy Mylotting!!! :)
Venkataraman
@venkataraman_vc (5293)
• Chennai, India
19 May 11
Today, I got another link on this topic. It's a blog. http://speakasiaisafraud.blogspot.com/ (not my link.) Hmmm...tough time for SpeakAsia and their franchisees.
swatimca10
@swatimca10 (215)
• India
20 May 11
Really made a confusion, the day i decided to join speak asia , news channel told another story. i am not be able to figure out wheather it will be the fake or gunuine.
ptcamateur
@ptcamateur (441)
• India
20 May 11
hi swati, Its more like a MLM model, so if you ca make other people pay money join under you. it may be for you. But 11000 is huge amount and also they are planning to increase the joining fee to 15000. So think twice, there are better ways to earn money online. Regards
kingparker
@kingparker (9673)
• United States
18 May 11
Hmm, I have no idea what is company is all about, and I just want to know what is so called speaasiaonline all about. Hopefully, they are not out there to scam people, there just too many people existed with bad - intention, and I hope that everyone can learn their lesson well.
ptcamateur
@ptcamateur (441)
• India
18 May 11
Its a survey company with a MLM business model. check the website for more information. Its not declared scam yet.
pro_ojha
@pro_ojha (600)
• India
22 Jun 11
hi tacamateur I have not divided that speak asia is a scam or not. Because I personally know some people who benefited form speak Asia. But your make a strong point. From where, speak asia earning. I think it's kind of hip.
goingmobility
@goingmobility (1)
• India
21 May 11
For taking Survey why one should be Charged (Rs 11k). I feel they are just rotating money. No future..it is not robust business model i feel..