searched trends in google. Hence I decided to garner some traffic from
it. Also I believe that you are always on the hunt for novel ways to
make money online. By the way make money is another term which is
highly favoured. It ranked 9th in 2010 amongst the most searched
terms. So making my way back to speakasia.
Recently speakasia has come head to head with tv channels like aajtak,
star news etc for being fraud. Now these are the tv channels who
spread that the world will be coming to end in 2012 and ran the arushi
murder story for 1 and half months. But this time they do seem to be making some sense. There are many reasons which make
us doubt speakasia's authencity and chief amongst them is that they
charge 50 rupees for 1 dollar when dollar rates seldom cross 46
rupees. Have they never come across the economic times? The second
fact is that they do not have registered domain for their website or
e mail addresses which hints at a run at midnight company. Thirdly
their gullible plans on the website which make you earn a hell lot
more if you invest a little more sound too good to be true. I am not
going into detailed statistics because they will make us both
confused. If speakasia would help you make money easily then from
tomorrow onwards government should license free computers to everybody
with free broadband.
Solid facts: I am not a member of SpeakAsia or have subscribed to it. In
fact it has been only two days that I have started listening about it.
From what I could find from blogs and consumer complaint forums I will
try to make a summary here. The first thing is why a simple survey
company has to have an initial investment of 11000 rupees. What it
means or may mean is that speakasia rotates this money received from
certain customers to pay others. Second thing which is fishy is that
most indian survey companies would say only about 50 rupees for your
valuable opinion but speakasia pays 10 times more. Even foreign
surveys would pay you only $30. So attract people
to speakasia as quickly as possible by schemes of making money doing nothing seems to be the modus operandi. One more factor is its growth. Speakasia saw its entry in
India only 6 months ago but today it is one of the most visited
websites in India. It ranked third in today's google hot trends during the early hours of the day. But is worth noting that
after the press conference the company has changed its tag to asia's leading
online survey from asia's largest online survey. In the press conference they
presented only a few RBI documents and nothing else. It is reported that all the money collected from the so called panelists goes to some other company also registered in India. There its used for buying survey softwares. On checking the traffic and earnings of the site I found that the website has over 5 lakh unique visitors everyday and generates $6000 in ad revenue everyday. Speakasia seems to be hell bent on gaining quick reputation with buying ad slots which are priced at 6.5 lakh during ipl matches. Top business magazines too have sold space to speakasia. All I can say is "Beware!! Signs and
hints are weaving a different story".
Update: The real owners of this scam have been traced to British islands the tax haven. The full story can be found in headlines today.