SpeakAsia CEO letter to Speakasians

Dear BizBasket viewers,

Kindly go through the official letter of the global chair person of SAOL Ms. Haren Kaur and the CEO Mr. Manoj Kumar. 

Friends ! as per the letter things are in our favor and the victory is very near. 

Further on 21/09/2011, the hearing of Bombay high court is scheduled and we pray to God that some clarity comes out of the court room. 

Lets stay together during bad time to enjoy a better lifestyle tomorrow. 

PROUD TO BE A SPEAK ASIAN

New Guidelines for Direct Selling

Guidelines for Direct Selling

Dear BizBasket Viewers,

Below is a news which is VERY important for Direct selling industry in India. BizBasket see it as a new beginning which was much awaited. Please read the below details.

THIRUVANANTHAPURAM (Kerla)

The State Cabinet approved on Wednesday September 7, 2011 the recommendations of the committee headed by Chief Secretary P. Prabakaran on direct selling, specifying guidelines for the sellers. Chief Minister Oommen Chandy told the media after a Cabinet meeting that direct selling companies which abided the law and did not cheat or fleece customers would be allowed to function. They should not function like money chains or resort to tax evasion. Compulsory subscription or insurance would not be permitted at any stage. The Chief Minister said the offices of multi-level marketing companies closed following police action could reopen if they functioned according to the guidelines, which would be communicated to the police immediately. Cases against them would be withdrawn if their operations were within the parameters of the guidelines. Otherwise, they should change their mode of operation before restarting sales. An official release said the guidelines specified that the consumer should have the right to get refunds if products found unsatisfactory were returned within 30 days. No product should be forced upon the sellers by the company and no membership fee collected. Commissions paid to direct sellers should be in tune with the quantity sold. The consumer should get an opportunity to examine samples before buying. Companies would be required to provide full information on their products and sellers. Salesmen should have identity cards issued by a government agency and should take advance permission for selling in various areas. They should issue clear records of the sales to the customer.

Companies should be authorised to do business in India and should file all mandatory returns. They should have trademarks or licences. They should maintain a regularly updated website giving details of their products, services, price, and other details, besides information on their companies.

Source  http://www.thehindu.com/news/states/kerala/article2432798.ece

This kind of guidelines must be in place in every state of India and also governed by Central government. This will make sure people can make this as alternate career and can be part of various industry operating on this model.

Letter from Speak Asia Chairperson & CEO Ms. Haren Kaur

Dear BizBasket Viewers,

Please go through the official letter from the Chairperson and global CEO Ms. Haren Kaur to all the panelists of Speak Asia family.

Things are changing very fast in the favor of SAOL and victory seems to be very near. At this point of time everyone of us has to keep patient and wait for the last laugh. As per our communication with responsible SAOL officials, for sure all the normal operations of SAOL is going to restart in India very soon. History is the witness of the victory for any direct selling/network marketing company who has fought vigorously in the court of laws in any part of the world. SAOL has already passed the acid test. The worst has already gone and the company proved the fact that it is not a fly by night entity and is here to survive for ever in India.

SpeakAsia EXIT Policy Q&A

Dear BizBasket Viewers,

Below are some basic Q&A related to EXIT policy. As the exit option is being announced following queries have been raised from the panelist community.

1. Approximately how many days it will take to get the cash into bank account?
Depends on RBI, already mentioned on the website

2. Information like Sponsored ID, date of joining is not available, where to get the same as our website is not working?
Basic information will have to be inserted however the date of joining & sponsor ID are being made non mandatory fields.

3. Bank details not updated in the profile, in such case what will happen?
Wait till company resumes full operations.

4. Bank details updated only in one ID out of tripod? What is to be done?
Firstly there is nothing as a tripod, second refer the above answer for rest

5. Term says payout only after government approval ? What is the probability of approval and by when?
Matter is Sub ju-dice

6. What will be the mode of payment ?
Bank transfer only

7. Will there be any deduction like bank charges?
Probably Panellist will get a exit confirmation mail with details after EOW hands over the servers back to the company and if the payment is done through Telegraphic transfer, charges may apply.

8. Can somebody make only partial exit. For instance a member having 9 sub panels along with main panel but want to exit only sub panel. Is it possible?
No partial exit option available, Exit means full exit

9. Will a member once exit from the system be allowed rejoin again in future?
Terms & Conditions will be available on the website when company resumes business

Speak Asia Exit Option started ! Good News

Dear BizBasket Viewers,

Very good news to all ! ! !

As promised on 10th september 2011, Speakasiaonline Pte. Ltd. has started its exit option. Below is the official communication and details of the policy.

Exit Policy

In continuation of our exit policy notification of 1st August 2011, please find below the terms and conditions for the exit policy option to be availed. Since panelists have joined SAOL at different stages and time, the possible scenarios in case panelists chooses to EXIT will be as follows:

• NO Reward points (henceforth referred as RP ) earned after becoming a panelist:

If you have recently subscribed to the E-Zine and have not participated in the SAOL activities or no RPs have been credited in your account then you can opt out of your association with SAOL by agreeing to these terms and conditions and filling up the attached form. By doing so you will get refunded your entire subscription cost less the registration amount to your bank account mentioned in your profile. The e-zine subscription shall cease to be sent to your mail ID and you will no longer associated with SAOL.

• RPs Earned lesser than Subscription Cost:


In case you have en-cashed or used RPs, whose total value is less than the subscription cost, these RP's shall be deducted from the cost of Subscription and the balance will be credited in to your bank account. The ezine subscription shall cease to your mail ID and you will no longer associated with SAOL.

• RPs en-cashed or used are more than subscription cost:

You are welcome to participate in SAOL website since your participation has earned your RP's more than your subscription cost. You can now utilize the RPs for various revenue generating activities of the company once restart of our services is allowed in India.

In order to exit you are required to fill and submit the attached form. However in order fill the attached form, you will have to agree to the terms and conditions mentioned in this policy by clicking on the I agree button at the bottom of this page. Your details will be verified with the database in company's servers and a confirmation mail will be sent to you. This is subject to gaining access to the company servers from EOW Mumbai.

Amounts due to you will be sent by telegraphic transfer from Singapore and the company's amounts lying in the accounts of its master collection representatives of HVP in India. This is subject to getting an assurance from the RBI in India that these transactions will be allowed to be credited to your accounts in India. (Alternatively the company is also actively exploring the possibility of transferring the total amounts along with the list of recipients to either a designated court in India or a competent authority that the court may wish to appoint for this purpose.)

All the amounts lying with the company in Singapore are being legally reserved for making the payment to the panelist and cannot be used for any other purpose. 

If the panelists EXIT, it is their sole responsibility to satisfy the queries raised by any of the authorities. Once the decision to EXIT is taken, it cannot be reversed. Any rewards due to the panelists who exit will not be processed and will not be contested by the panelists.

Please go through the link http://www.speakasiamarketing.com for executing the exit option.

Victory is very near friends ! lets stick to the Company with complete loyalty.

PROUD TO BE SPEAK ASIAN ! ! !

BizBasket's research on Direct Selling Statistics

Dear BizBasket Viewers,

Please go through the following report from the Direct Selling Association and the World Federation of Direct Selling Association till year 2008 which shows the phenomenal growth of Direct Selling/Network Marketing industry in different part of world particularly USA. We can observe from these figures that the industry has done pretty well throughout the world.

The potential of this business in India is humongous, only thing which is not letting this industry unleash its real power is the lack of clear cut legislative guidelines. Due to lack of legal framework this industry has become a FOOTBALL which is at the mercy of media, government offices and politicians. The whole environment in our country has been made by various vested interests as if this entire industry is a kind of scam. This fact is very obvious from the case of Speak Asia where a genuine company is hopping from nook to corner and fighting tooth and nail to prove that its not a scam and doing a logical and legal business. We hope that with SAOL's relentless fight, government will wake up and formulate some legislature which will give this industry a fair chance to grow in our country and to show its true potential which it has shown elsewhere.

Good News - SpeakAsia Updates

Dear SpeakAsians,

As you all are aware that at this point of time EOW has access to all servers of SpeakAsia due to which we are neither getting any survey nor any information/communication from the SpeakAsia Management.

To fight this, SpeakAsia Management has created its own blog in order to provide all updates and re-establish the broken communication channel.

Please visit http://speakasiaonlinemarketing.blogspot.com/ for any and every communication from SpeakAsia Management.

This blog will be the official blog of SpeakAsia and is being managed by SpeakAsia management only.

SpeakAsia management will speak to every single panelist through this blog only, until they get the server access back.

Do notify this to every single team members of yours and spread the word.

Speak Asia's Chairperson's letter on Supreme Court matter

Dear BizBasket Viewers,

Kindly go through the official letter from the Chairperson & CEO of the Speak Asia to the panelist regarding the Supreme Court matter:

The BizBasket team suggests each and every panelist to have patient and do not panic at this critical point of time. We have to understand that in our Country the legal process takes lot of time, but one thing is very sure that ultimately the one who is right and fight for the cause always wins in legal battlefield.

Media's report on the Supreme Court matter with respect to SAOL is false and biased. We have seen from the start of this controversy that somehow the media is completely against the business model of this company and doing whatever it takes to malign its image. The reason behind media being against SAOL is very obvious. If companies like Speak Asia are allowed to prosper, a major chunk of advertisement revenue will be lost by the Television media. If you understand this fact and believe that the Company has some logical business model to execute, stay with the Company otherwise the decision is yours.

Supreme Court Rejects SpeakAsia Plea

Recently there was a news that SpeakAsia has moved Supreme Court in the wake of investigations going on.
The latest update pertaining to the same is that Supreme Court has rejected the plea of SpeakAsia.
What would be the next course of action ?
Will SpeakAsia try again to speak to Supreme Court again ?

Watch The Video Below - News From Headlines Today

The point to notice here is

• Moneylife says they were the 1st one to expose SpeakAsia
• India-Forums says they were the 1st
• Star News says they were to 1st to expose SpeakAsia
• Aaj Tak said the same
• Headlines Today also claims that they were the 1st to expose SpeakAsia on tv

How can 5 people be First ???????????

SpeakAsia Investigation Report To Be Filed By 7th Sept

As of now its EOW (Economic Offense Wing) , MCA ( Ministry of Corporate Affairs) and SFIO (Serious Fraud Investigation Office) are investigating SpeakAsia.
Now, its to be noted that these bodies are not only investigating SpeakAsia but other MLM  companies as well which have been there in India before SpeakAsia came into existence and after it too.


This definitely brings in good news in the wake of the public interest for each and every individual working with any MLM or planning to do so.
However, what we are bothered with as of now is that the investigation of SpeakAsia to be done soon - be it this side or that side - But we no more want to be hanging in mid air.
 
According to the latest news from one of the media sources, court has directed the investigation authorities to file a reply by 7th September.
7th September isn't far now, lets hope we see some clear sky.

Speak Asia Latest updates as on 30/08/2011

Dear BizBasket viewers,

At this critical point of time when the fierce battle is going on in legal arena when not many concrete updates are coming we would like to provide you with following news which should keep you away from any rumor:

1. As lot of rumor is going on that the COO Mr. Tarak Bajpayee has been released on bail by Supreme court on 29/08/2011 is not true. We have authentic information from the official SAOL sources that nothing of that sort has happened. Though he is expected to get the anticipatory bail very soon which will stop all the arrest apprehensions from across India by various state police in similar cases.

2. The control of the website www.speakasiaonline.com is still not with the SAOL management so only panelists are facing problems which are pure technical in nature. There is nothing to panic because of website not being functioning properly because as soon as we get some relief on the battle field of the law correcting a website is peanut.

3. There are hearing of cases going on in various courts of laws in India related to SAOL and till now nothing has been proved against of Speak Asia in any court of law. Any learned person in India knows very well that any court would not deliver its judgement merely based upon negative campaigning by media against any entity. It will go through each and every fine detail of the facts before delivering the final judgement. Looking at the current scenario of SAOL case victory in court is sure but no one in this world can give a date.

4. Speak Asia Panelists Association (AISPA) has filed a PIL (Public Interest Litigation) before the Honorable High Court at Mumbai which is now posted for 7th September, 2011, when the Government of Maharashtra is to file its reply. Apart from this some of the panelists have independently moved the Honorable Supreme court and are in the process of filing a PIL before the Supreme Court asking for ad interim relief and requested that the money which is seized by the authorities in India be brought under the custody of the Supreme court and under its supervision be distributed among the panelists.

5. As per our official sources we can expect some critical and probably good news on the legal front in this week. So stay tuned with only reliable media and do not pay attention to rumors and for god shake you don't join the people who spread rumors for cheap publicity of themselves and play with the emotions of millions of innocent investors across our country.

Regards

Team BizBasket

Real Problem with Multi-Level Marketing (MLM)

Dear BizBasket Viewers,

While the legal battle is going on in various courts of law related to SAOL, which we are watching very keenly on daily basis, you would have heard majority of panelists asking only one question time and again "leave everything ! just tell me when the payout will start !!!", and you dont have its answer and you dont know how to handle your tough downline. We thought of writing an article to give you all an in depth of the real problem with Multi Level Marketing/Direct Selling business, which probably will give you some knowledge about the subject so that you can handle tough situations in future.

The real problem with MLM is not MLM itself, but some of the people it attracts. Network marketing is just a business model, and it really amounts to "micro-franchising". Its upside is that it has a very low cost of entry, with the potential for exceptional revenue, and there are those who achieve that.

But those same things that make it attractive make it attractive to many who are NOT really qualified or prepared to become business owners. The salient characteristics of MLM make it attractive to people who:

· have not done well in their business or profession and have little money saved up to invest

· have no previous experience owning or running a business

· have no previous experience in sales

· have little or no experience developing business relationships other than that of employer/employee/co-worker

· are not satisfied with their current level of income

.have unrealistic expectations of the amount of work involved compared to the revenue realized situations

· coming across as desperate

· over-focused on new recruits and neglecting existing customers as a result

· being either inaccurate or deceptive when talking about their business

Again, I'm certainly not saying that this describes a majority of network marketers, but itdoes describe enough of them to tarnish the reputation of the rest. To pre-judge someone based on the basis of a small minority of people in that group is horribly unfair, but we must realize that most prejudices have some basis in reality, even if it has been distorted.

So what's the solution?

There's a first time for everything. And network marketing/MLM is a great opportunity for people to have their first business, their first sales role, etc. My point is this—recognize it for what it is: it's a business, and you are a business owner. And if you've never owned a business before, if you've never done sales before, if you've never networked before, you need to learn about how to do so, not just from the network marketing/MLM experts, but from established experts in those fields.

Network marketers who are serious about building a business should be reading and learning about business fundamentals, the latest sales and marketing techniques, strategies for networking and business development, etc., not just swapping tips at your team's weekly or monthly meeting. Act like a small business owner, and people will treat you like one.

Speak Asia Latest Legal updates - 26/08/2011

Dear BizBasket Viewers,

PLEASE GO THROUGH THE FOLLOWING UPDATES FROM THE SECRETARY OF OUR ASSOCIATION.

Good Evening Speakasians,

After many days, a day, full of GOOD NEWS. After many days we had multiple successes and I take immense pride in reporting as follows.

GOOD NEWS #1: Mr. Rahul Shah the poor victim of the high handedness of the Authorities and an example of subversion of facts was today released on bail, by the Quila Court. To quote the companies Counsel Adv. Ponda this was “A classical example of picking up a wrong man in a wrong case”.

The faith of 20 lakh panelists has once again been imposed in the legal system when the Hon. Magistrate Esplanade Court released, Mr. Rahul Shah, employee of M/s Tulsiyant Info, a company no way connected to SAOL, on bail. Details of the order are awaited; I will post the details ASAP.

GOOD NEWS #2: Mr. Tarak Bajpai our inspirational leader and beloved COO along with the other three officials, none of whom is a SAOL official, were granted unconditional Bail, by the Magistrate in the Thane Court on a surety of Rs. 25000/- only per head. This order was pronounced in court only around 6.00 pm and as such our COO and the three others will have to spend yet another uneasy night on the floors of Thane Jail.

My heart bleeds to see this man who has led the speakasian family to great heights, who has been the architect of change in the standard of living of lakhs of families, sleeping on the floors of Thane Jail, fighting for the panelists, and still smiling.

TRIVIA:

1. The Domain name of your Association website has been confirmed and hopefully the site should be operational within the next 7 to 10 days.

The domain name is www.aispa.co.in

2. The initial proposal of the PR agency has been received and has been circulated amongst the committee members for their opinion and suggestions. We should be able to finalise this soon and the panelists should see the PR exercise taking shape soon. I will share with you the details as they keep getting firmed up.

3. The Association has mooted the idea of setting up a call centre for better verbal communication with the large panelist family.

RUMOURS & UNSUBSTANTIATED REPORTS:

Without going into the details of the forum or the website where the stories were germinated, I attempt to clarify on “HOT” news items of the day.

• SAOL has started paying their employees: A false statement to the core, without starting payment of the panelist the company will not pay the employees. All the employees are willing to stand by the company along with their leader Shri. Tarak Bajpai. The company is duty bound to first pay the Panelists followed by the vendors and finally the employees.
• The State Government is going to go in appeal against the order of Mr. Tarak Bajpai and others bail order: This is a normal action in the legal process. An aggrieved party will always appeal to the next available medium available to them. So this does not come as a surprise to me as this is the established route available to the authorities.
• Zee news report on Mr. Moilly referring the matter of SAOL to SFIO:

I have not seen this news item and as such cannot substantiate the same.

Allow me to comment on this tomorrow, I would like to study this in detail.

As is evident from the above we are moving in the right direction. Things are happening in our favour. On such a large scale, with Govt. Authorities involved we cannot decide the speed, but we can smell victory.

Have faith in SAOL, have patience.

Proud to be a speakasian

Jai speakasia

Ashok Bahirwani

Secretary

AISPA