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Things to know before making money from online surveys firms

May 09, 2011 11:34 PM |MLM News Blog Editor

Things to know before making money from online surveys firms.

By now someone must have shared that how easily one can make online income by just taking few online surveys, which pays you around Rs.900 a week. There is just one simple requirement to become panelists of these online survey companies and that is joining amount, which varies from company to company, minimum of Rs.3500 to Rs.11000. More money can be made by making other join under you. Not too long many investors lost money is investment plans. Some gullible people were promised that their hard-earned money was being invested into stock market, mutual funds, real estate, high return investment plans. Once the saturation comes in the business, they flew from the market. Rest everyone knows what happens. (more…)
How to Avoid Getting Scammed by Paid Internet Survey companies

April 27, 2011 7:55 PM |

A nation of 1.21 billion people, one of the fastest growing economies in the world, With 467 million workers, India has the world’s second largest labour force. The work force explosion of working-age people in India could serve as an engine of economic growth or bring social turmoil in coming years if jobs are not created. Network marketing in India, has been a good option for people, few have been absorbed in home based jobs.

Now internet based job is a new phenomenon, a promising one, like data entry job, survey job, watching ads etc,. Two ideas have been incorporated into network marketing. Survey based MLM jobs are experiencing unprecedented growth. If we look at them closely, most are copy cats of each others business concept. They don’t want to be left, after all people are joining such lucrative MLM plans, without realizing, that they are being scammed. There are also genuine survey based online companies, but the question is how to identify them. These are some points given below that will help you identify the right survey based company.

Better Business Bureau (BBB) – Website

To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
Why do People Fall into the Scam Trap

Have you ever asked yourself that why do people fall into MLM scams? there could be many reasons. First, temptation of earning quick money, uneducated person, the lie is so big that we do not want to seek the truth. In my earlier article ( Ask Powerful Questions), we must know our action. If actions taken in advance with some powerful question, you will be more aware about the company. It will help you answer new prospective. The more knowledgeable, better judgement.

If you are planning to invest then read below, it will help in understanding the company.

Do share your thoughts on this topic.

To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
eBiz.com courses are available for free

April 20, 2011 05:16 PM

eBiz.com has been in the Indian market from quite some time,since 2002, they have done remarkable business. The course eBiz is offering at one point of time were of good use to students, but with times these e-courses have not been updated and are freely available over the internet. Many people are asking, that when things are available free of cost, why should a student pay them. eBiz.com has reached to saturation stage in northern part of India, and now they are targeting students form B towns. People, here in network marketing people believe that whatever end product or service they get should be of some value. Many MLM companies are offering services, which are not at all useful and to the consumers.

Here is a report done by Moneylife.

To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
Ask Powerful Questions
To reach at a safest harbor, you must navigate right but at the right time, otherwise you will be lost in the sea. Why to ask powerful question? Not only around you but at a regular interval ask your-self those questions which matters to your future. Powerful and important questions will lead you to the solution to an issue or challenge at the right time and if you don’t ask, you will always be confused.

In business, outstanding players are wonderfully good at getting to the right question. It helps them reach and offers them the missing piece they need to find. And it’s continues process. In life, if you keep asking powerful questions, it will lead you to new possibilities and horizons; it will also help you see things with new perspective.

In network marketing, people who are new to MLM, ask many questions. I remember one incident; I was at the office of my previous network marketing company, where a newly joined representative asked his upline some valid questions related to the company. The upline could not reply to his questions. And on the second day, this new representative came to know that, people at the company are calling him negative. He gave an interesting answer to that, “downlines are always negative, it’s upline’s responsibility to make him positive”, he was right, and after the incident, newly joined representative left the company. Whose loss was that? He could have become a next performer in the company. Never for long leave your downlines pondering over set of questions, if you do not have answer, ask best next person available in the company.

Progress of any kind depends of questions that one must ask. This is one way of evaluating your performance.

I was reading Robin Sharma’s wonderful piece of work, whenever he is on leadership development work, he shares six set of questions with his clients.
- What one thing- if I did it – would profoundly improve the way I work (and how I live)?
- What needs to happen between now and the end of next 90 days for me to feel that this is the best quarter of my work and personal life? (Remember, clarity proceeds mastery.)
- Who do I need to express appreciation to? (Make your list long.)
- What would I like to improve, professionally and personally?
- What could I be grateful for that I’m currently not grateful for?
- How do I want to be remembered at my retirement party?
To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
Stay away from MLM Plans with Fixed Monthly returns

Some MLM companies are openly flouts SEBI norms and offers 120% returns in a year through stock market investment and it has not only with such plans. Some netwrokers are offering such high returns with FOREX plans, even after knowing that FOREX trading is banned in India as per RBI. FEMA makes it illegal. There are many other plans, who fall in the same context, they have something to do with internet.

My suggestion to all hard working people would be that stay away from networking plans, who offers monthly returns. Below is the report which was covered in the month of December 2010, many knew about it, still people had faith on the company, their MD, and of course uplines.

Always use your mind and judgment based on research.

To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
Why MLM Scam happens, because we let it happen

Gandhian Anna Hazare, was on fast for 4 days, he did something, which most questioned, as it looked impossible, government agreed to go on a draft on Lokpal bill with public and by now you must be aware what Lokpal bill is? Every news channel in India has been flashing updates about Anna Hazare’s protest at Jantar Mantar and how he made government bend. Let me tell you more, Anna Hazare is a modern day Gandhian follower. 78 years old man is leading the mission, where youngsters are his followers. You must be thinking, what is the relevance of MLM with the protest of Anna Hazare at Jantar Mantar.

Our country is bleeding with corruption and scams, right from top to bottom, from a peon to a minister, we are being hackled for minor things, and corruption is rampant, so in MLM. Here in Network Marketing, scams are coming in disguise. MLM Scams are just changing faces from time to time, and the one, who understands, just remains mum, reason, he does not want to focus on something which is negative and when finally an MLM scam is exposed. He is first one to give speech to people that he knew it, that it was a scam. His wisdom words could have saved a poor man’s hard earned money, if had politely shared his views earlier.

“If knowledge is shared, it leads to value”

I’m not saying that you should defame an MLM company, just because you think so, before you express you thoughts, do your research on the company, and come up with points, that why such a business concept would fail in no time.

Network marketing is a wonderful industry only if we do it ethically and we also know that whenever we share our business opportunity with public, in their mind, they think it is going to be the next MLM scam. And they just look at you, but knowingly they are not even listening to you. People have lost faith and confidence on us.

Let us take a stand, whenever we come across any such information where people could be benefited. We will share it with others, now a wonderful medium is also available to us, social networking through internet like, Facebook, Orkut and many other countless sites.

The very first day MLMNewsBlog.com was started the main aim was to inform and make people aware at the earliest, so that many could be saved from scams. Network marketing is a business of helping each other not looting each other. We have regular subscribers to our website, which gets regular feed updates. If you get any news on MLM, good bad or ugly, do share with us. If we find it to be authentic and true after our research, then we will publish it our blog news section. Just email us at [email protected]

Let us take a stand together.

To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
How to avoid scam in MLM
Know you company in Network marketing (MLM)

Banking sector in India has initiated ‘KNOW YOU COUSTOMER FIRST’, why can’t we do the same in Multi-Level Marketing (MLM). I have come across many networkers who are interested only in companies, who are doing ethical business, for some it does not really matters; they are interested only in quick money. Some in Network Marketing business question, the whole concept of ethics in MLM.Do ethics still exist in today’s competitive market? Where everyone is in the league of cut throat business. I would say yes, it is not for how long that company remained in the market, keeping ethics forefront and collapsed after some time.

Question is, when an MLM company collapses, the people who joined at the bottom, feels cheated. Mostly the reason, why an MLM company collapsed is due to these reasons:-
- Distributing more money to associates than actually collecting.
- Business plans sound very lucrative, but for longer run, it cannot sustain.
- New joining rate is very slow; companies with sound business plan needs a minimum joining rate in a month to sustain.
- Are they following ethics and business conduct in case of fraud done by an associate?
- Check their registration, whether they are registered in your country.
- Are they registered with DSA & DSAI; it’s always better, but not mandatory.
- Know the intentions of people who are running the company.
- If you find anything suspicious, get it verified independently, rather by your uplines.
- Check it on Google, like type your company name and scam eg, (company + scam)
- Talk to top achievers, figure out what they are upto.
Everyone in this business has good potential, but every time after some time joining a new mlm company and then creating a team is a daunting talk, be careful about your company. It’s better to be a slow learner, but take your steps wisely.

Share about your MLM company in the comment section.

To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
How to keep you safe from MLM scams
Some consider that there are legitimate Network marketing companies which have good MLM business plans that last for long and along with them every year we see scammers in MLM come up with tailored made plans to cheat people. It has not been long, few years ago; someone came up with non-working or growth plan. The business plan offered, the earlier you join, the faster you will make money, of course that is true in MLM but the catch was that we do not have to work at all and in one year’s time their invested amount will turn into 100 times, I wish government could offer such a scheme, but never the less people lost their money. Reason, either the investor was illiterate or he got scammed or he got carried away, after seeing someone from “rags to riches”.

The irony of the story is that, still there are people who are putting their hard earned money into such schemes. In past 4-5 years people have been cheated to the tune of hundreds & thousands of crore in India itself, but respite all this, the government is not taking steps to regulate network marketing . Though we have THE CHIT FUNDS ACT 1982, which is not enough to tackle present menace or may be the government has better things to take care like 2G scam, CWG scam, Adarsh scam etc.

Let me share with you how we can identify an MLM scam
- Duplication is must, without duplication a network marketing company cannot survive.
- If company offers you that without working, without referring, still you will get returns on investment.
- Say if you investing ‘x’ amount, by the end of year, company offers you 10 times of x.
- Never get carried away, if the business plan sounds unbelievable.
- Credentials of people, who are running the company, check their past records.
- Don’t get carried away with the pomp & show.
- Do not get carried away with the exorbitant money shown on a piece of a paper.
- Check their registration papers; in India it is called Incorporation Certificate.
- FOREX trading is banned in India, check with your local bank.
- Do research on company profile over the internet; if you see that company has cheated someone then do talk to them, analyze and then decide.
To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook
Another MLM scam in the happening, this time under the pretext of an online survey

Moneylife Digital Team

An MLM company that claims to be Asia’s largest online survey company, does not even have an office address or a telephone number but is offering to ‘pay’ $10 just for filling out online surveys

Speak Asia Online, which claims to be based in Singapore, is spreading its multi-level marketing (MLM) wings in India under the pretext of online surveys. As is usual in any MLM scheme, this company also makes big claims about earnings, but fails to provide any documentary evidence for the same.

The company asks new customers or subscribers to pay $120 (standard) or $220 (premium) for becoming a panellist for one year. However, it says the fee is for its e-bulletin for one year. It clearly says: “You can remain a panellist and earn from Speak Asia only as long as your subscription to E-Bulletin is in force.” This means, before earning a single penny, you need to pay the company upfront. After the one-year period, one needs to renew the subscription. There is no mention of renewal fees.

Speak Asia Online sends its surveys mostly on Wednesday to all subscribers. Each survey takes around 40 minutes to complete. It says: “The first eight weeks are treated as a training period and the company provides you feedback on incorrectly filled surveys.” After that period, any incomplete or incorrect surveys are rejected and the company does not pay for it.

The company assures that it will make the payment in local currency through direct bank transfers. The catch here is that one has to pay bank transfer charges of 3% or minimum $7.5 per payment. In case you have earned $10 for the month, you would get payment of $2.5 only, as $7.5 from the total payment would get deducted as bank transfer charges.

Speak Asia Online says it provides income in reward points (one reward point is $1). It awards up to seven reward points per week for a standard panellist and 20 reward points to a premium panellist. It offers survey income as well as passive income that one earns by adding more people into a down-line. However, for the next day’s incentive calculations, it does not consider the weaker line. It says: “Weaker leg is flushed out whereas the stronger leg is always carried forward for next day’s incentive calculation.”

Although the company offers to pay for filling out surveys online, it fails to mention that for doing this job one requires minimum knowledge of English and the Internet.

Speakasiaonline.com is hosted in the US on the GoDaddy.com server and the hosting services will expire on 21 January 2011. Besides that, there is no information available on the domain, its owners, their addresses and contact details.

The company website does provide links for all countries and major cities but directs all queries to its Singapore address only, which neither has a telephone number nor any email ID. Except India, the so called ‘good income business opportunity’ does not exist for other countries.

According to a complaint posted on India-complaints.com, this company has changed its name three times over the past five years and is blacklisted for non-compliance in Singapore.

Its website, speakasiaonline.com does have a link for legal documents but provides the legal documents not of the company but generic documents from the Customs Department, the Reserve Bank of India (RBI) and so on.

Speak Asia Online shows no evidence about the legality of its business or any registration certificate issued by government authorities. All the company can show as evidence is a registration certificate issued by the Singapore government. The issuing authority of this certificate, Registrar of Companies and Businesses, however, has clearly stated that the certificate of good standing or any of its contents shall not be reproduced, republished, uploaded, posted, transmitted or otherwise distributed in any way without prior permission of the Accounting and Corporate Regulatory Authority (ACRA), Singapore.

In addition, there is no mention of its promoter or top management on the site. In fact, there are no names on the website. All one can see is just names of its ‘dealers’ and their bank account numbers.

To Your Success in Business & Health in Life,

Ak Sharma

Editor,

You can reach me at [email protected] or connect with me on Facebook