Moneylife Digital Team
Thursday, 14 April 2011
SpeakAsia still can’t show valid, legal documents
Speak Asia – An Online Scam That Could Affect a Million People in India
Imagine if there were an online business where you could earn a very handsome and recurring income simply by spending 10-15 minutes per week. To qualify, all you need is a computer with an Internet connection and some basic knowledge of the English language.
The exact plan is something like this. You give me $200 as an enrollment fee and in return, I will pay you $40 per month for the next 12 months. You make a neat profit of $280 with no effort but there’s something more. If you can convince some of your friends to join the program, you get a commission on their earnings as well and so on.
Any informed reader of this blog would immediately dump this scheme as “fraud” or “scam” but you’ll be very surprised to know that hundreds of thousands of people all across India – that includes housewives, salaried professionals and even unemployed youth – have invested their hard-earned money in one such MLM scheme and they continue to do so.
I have received emails in the past from Speak Asia Online representatives asking me to join their “survey” business but mostly ignored them. It was only last week, after talking to some people, did I realize how popular they have become among households in India mostly through word-of-marketing.
One of Speak Asia’s franchisee suggested on phone that they have more than a million members in India, that’s 1% of India’s total Internet population, and the above Google Trends chart kind of confirms their rising popularity.
The company has franchisees in almost all cities here and they’re spending millions promoting the scheme through national TV in India. Here’s a recording of the TV program, it’s actually an advertisement, that recently aired on the reputed Imagine TV.
#1. The company’s website – speakasiaonline.com – suggests that they are based in Singapore and the contact address listed on the website seems to match with the Whois information of their website domain. They claim to have a certificate from ACRA (Singapore’s compliance authority) but a quick search suggests the company is no longer eligible for receiving the “Certificate of Compliance.”
The records, publicly available at acra.gov.sg, also suggest that the company “SPEAKASIA ONLINE PTE. LTD.” was previously known as “HAREN TECHNOLOGY PTE. LTD.” and “PAN AUTOMOTIVES PTE. LTD.” but little do we know about their past operations.
#2. The company says their revenues will exceed $115m this year but if you Google the names of their top executives – Harendar Kaur (CEO) and Tarak Bajpai (India head) – there’s absolutely no information. That’s very surprising especially when these people are handling a successful and global business of this scale.
#3. In order to become a member of Speak Asia Online, all you need is a bank account and the company will directly transfer monthly revenues to your bank account from United Overseas Bank (UOB) Singapore. They require no documentation or proofs even when we have such strict banking rules in India around foreign transactions.
#4. The USD:INR currency exchange rate fluctuates around the INR 45 mark but Speak Asia makes all payments at INR 50. That’s 10% above the market price and no sensible for-profit company in the world would be willing to lose money like that.
#5. Speak Asia reps told me over phone that they are distributing millions of dollars every week to their Indian subscribers. This is when the company has no office in India, there’s no support center to assist customers and above all, Speak Asia Online is not even a registered business in India.
#6. Speak Asia mentions their Singapore contact address as “10 Ubi Crescent, #07-68, Ubi Techpark, Singapore 408564.” A quick search on Google suggests that several companies in Singapore are sharing that office space. As Divya Manian notes, this likely means that the address is used by a third party to register companies to, and no real business operates there.
Remember the rice and chessboard story? Speak Asia Online is working on adding new users at a similar rate – one new member will invite two more who in turn will bring another four new members to the system and thus the subscriber base will grow as quickly as? the number of rice grains on that chess board.
Once enough people join their unsustainable and unbelievable business, the company will simply vanish into thin air. There’s no ‘easy money’ on the Internet and the ease and scale at which this company is operating in India has simply baffled me. Please stay clear!
This article, titled Speak Asia — An Online Scam That Could Affect a Million People in India, was originally published at Digital Inspiration under Scam, India
The exact plan is something like this. You give me $200 as an enrollment fee and in return, I will pay you $40 per month for the next 12 months. You make a neat profit of $280 with no effort but there’s something more. If you can convince some of your friends to join the program, you get a commission on their earnings as well and so on.
Any informed reader of this blog would immediately dump this scheme as “fraud” or “scam” but you’ll be very surprised to know that hundreds of thousands of people all across India – that includes housewives, salaried professionals and even unemployed youth – have invested their hard-earned money in one such MLM scheme and they continue to do so.
Speak Asia Online
The company in question is Speak Asia Online – they’re running an online survey business In India on a similar model and have been massively successful in their mission so far.I have received emails in the past from Speak Asia Online representatives asking me to join their “survey” business but mostly ignored them. It was only last week, after talking to some people, did I realize how popular they have become among households in India mostly through word-of-marketing.
One of Speak Asia’s franchisee suggested on phone that they have more than a million members in India, that’s 1% of India’s total Internet population, and the above Google Trends chart kind of confirms their rising popularity.
The company has franchisees in almost all cities here and they’re spending millions promoting the scheme through national TV in India. Here’s a recording of the TV program, it’s actually an advertisement, that recently aired on the reputed Imagine TV.
Is Speak Asia Legit or a Scam?
So is Speak Asia Online a legit business? Common sense says no and there are reasons to support that:#1. The company’s website – speakasiaonline.com – suggests that they are based in Singapore and the contact address listed on the website seems to match with the Whois information of their website domain. They claim to have a certificate from ACRA (Singapore’s compliance authority) but a quick search suggests the company is no longer eligible for receiving the “Certificate of Compliance.”
The records, publicly available at acra.gov.sg, also suggest that the company “SPEAKASIA ONLINE PTE. LTD.” was previously known as “HAREN TECHNOLOGY PTE. LTD.” and “PAN AUTOMOTIVES PTE. LTD.” but little do we know about their past operations.
#2. The company says their revenues will exceed $115m this year but if you Google the names of their top executives – Harendar Kaur (CEO) and Tarak Bajpai (India head) – there’s absolutely no information. That’s very surprising especially when these people are handling a successful and global business of this scale.
#3. In order to become a member of Speak Asia Online, all you need is a bank account and the company will directly transfer monthly revenues to your bank account from United Overseas Bank (UOB) Singapore. They require no documentation or proofs even when we have such strict banking rules in India around foreign transactions.
#4. The USD:INR currency exchange rate fluctuates around the INR 45 mark but Speak Asia makes all payments at INR 50. That’s 10% above the market price and no sensible for-profit company in the world would be willing to lose money like that.
#5. Speak Asia reps told me over phone that they are distributing millions of dollars every week to their Indian subscribers. This is when the company has no office in India, there’s no support center to assist customers and above all, Speak Asia Online is not even a registered business in India.
#6. Speak Asia mentions their Singapore contact address as “10 Ubi Crescent, #07-68, Ubi Techpark, Singapore 408564.” A quick search on Google suggests that several companies in Singapore are sharing that office space. As Divya Manian notes, this likely means that the address is used by a third party to register companies to, and no real business operates there.
Speak Asia Online – What next?
Speak Asia Online has been around in India for about an year now and it looks like the company has been regularly paying members the promised commissions and thus more people are getting lured into the system. Some existing members are even re-investing their own profits back into the system to increase the size of their paycheck.Remember the rice and chessboard story? Speak Asia Online is working on adding new users at a similar rate – one new member will invite two more who in turn will bring another four new members to the system and thus the subscriber base will grow as quickly as? the number of rice grains on that chess board.
Once enough people join their unsustainable and unbelievable business, the company will simply vanish into thin air. There’s no ‘easy money’ on the Internet and the ease and scale at which this company is operating in India has simply baffled me. Please stay clear!
This article, titled Speak Asia — An Online Scam That Could Affect a Million People in India, was originally published at Digital Inspiration under Scam, India
Wednesday, 13 April 2011
TYCOONS FOUNDATION - EYE CAMP
This is the First TYCOONS FOUNDATION - EYE CAMP held at Kannagi Nagar,
Thoraipakkam, Chennai - 97. With the honorary contributions from UDHI EYE
HOSPITALS, Alwarpet.
So, Out of 185 patients, Out Patients where 182 and 3 patients have been
selected for cataract surgery.
The T.E.I.L Management THANKS to those who were all Volunteers from TYCOONS,
Public, Police Department, UDHI Hospitals Staff's and International human
rights moment for their spontaneous help.
Attached Spot Photos and the Managing Trustee letter from Udhi Hospitals for
your all information.
Tycoons always ready to serve through it's Foundation for public's.
Expect your all the Members co-operations too from all over India for these
kind of activities.
--
TYCOONS EMPIRE INTERNATIONAL LIMITED.
*( An ISO 9001:2008 Certified Company )*
Corporate Office:
NO.1/8, First Floor,
ECR Road,
Kottivakkam, (Land Mark: Above TNM Bank)
Chennai - 600 041.
Thoraipakkam, Chennai - 97. With the honorary contributions from UDHI EYE
HOSPITALS, Alwarpet.
So, Out of 185 patients, Out Patients where 182 and 3 patients have been
selected for cataract surgery.
The T.E.I.L Management THANKS to those who were all Volunteers from TYCOONS,
Public, Police Department, UDHI Hospitals Staff's and International human
rights moment for their spontaneous help.
Attached Spot Photos and the Managing Trustee letter from Udhi Hospitals for
your all information.
Tycoons always ready to serve through it's Foundation for public's.
Expect your all the Members co-operations too from all over India for these
kind of activities.
--
TYCOONS EMPIRE INTERNATIONAL LIMITED.
*( An ISO 9001:2008 Certified Company )*
Corporate Office:
NO.1/8, First Floor,
ECR Road,
Kottivakkam, (Land Mark: Above TNM Bank)
Chennai - 600 041.
Monday, 11 April 2011
Top 5 Most Important Business Ideas
If you have the entrepreneurial spirit, and your looking for ideas to start your own business, then we have a list of the top business ideas (we will break it down to the top ten) that many researchers believe will be red hot not only in today’s economy, but will be able to sustain itself and remain red hot for years to come.
Now, there is no guarantee of success for any type of business start-up of course, but if you do your research and study current and future trends (such as demographic shifts), your chances of success will be greatly increased.
So without further ado let’s dive right into the top ten business ideas (top business ideas) that figure to be red hot for the foreseeable future;
(1) Home Senior Care for the Elderly – With the ever-aging population and the demand for independent living by the elderly, businesses that can provide personal home care services to the elderly — cooking, grocery shopping, physical therapy — can position themselves for growth and profitability for years to come.
(2) The Boomer Revolution – As the baby boomer generation continue to age, opportunities for the astute entrepreneur will be bountiful. It is expected by the year 2020, that 80 percent of North American-born workers will be older than 50, this according to entrepreneur magazine. This will open up tremendous growth opportunities in area’s such as retirement real estate, retirement recreation, resort services and personal care i.e. nutritional counseling to help boomer’s look and feel better. I could go on and on. There are literally hundreds of money making opportunities that the opportunistic entrepreneur can tap into in the ‘Baby Boomer Economy’.
(3) Wellness Industry - The wellness and natural health care industry is expected to exceed the mainstream healthcare industry in the very near future. As a matter-of-fact, the wellness industry is expected to hit the trillion dollar mark by the year 2012. Nutritional consultants and those who distribute wellness/natural health products and services will be in great demand here.
(4) Healthcare - According to the U.S. Department of Labor 10 of the 20 fastest-growing occupations are healthcare-related, and the industry will generate 3.2 million new jobs by the year 2018. This growth is due to aging population (graying boomers) which will result in the expansion of the home care industry (expected to increase by 50 percent over the next decade).
(5) Advanced (skilled care) Home Care for the Elderly – There will be an increase in demand for services that help the elderly that have temporary or permanent disabilities and illnesses, which will require 24 hour around the clock skilled nursing and medical care.
MLM playing with dynamical needs and to opt MLM companies and assets plans
The causative behindhand our investments is to attain money and process our monetary wealth. With so some factors involved, assets selection is a Byzantine one. Small investors ofttimes go with their cord feelings when trying to opt among numerous alternatives to invest. Big investors use various analyzing techniques. Globalization and the ontogeny of internet hit introduced some newborn opportunities and threats to muse upon. When investing, you are committing your assets for sometime, that is why you requirement to counterbalance every aspects before making an assets decision.
Expected Return
The most base assets decisions revolve around the comparability of due return and risk involved. No investor will take on higher risk if there is no quantity of equally higher returns. Investors strive to reach on the prizewinning trade-off saucer between risk and return which go well with their playing requirements. These due returns are not ever coequal to what an investor actually gets after some time. The existence that actualised return will not be the same what they wait is titled risk.
Risk Factor:
There is scarce some modify of assets which doesn’t refer risk. Government securities become near to be titled risk free; but modify they hit some risks bespoken to them. Risk actually is the equalisation bourgeois of the playing markets. Various types of assets risk exist, such as playing risk, nowness risk, inflation risk or top risk are the most ordinary one. Different investors react differently to these risks. While eld of the investors are risk averse, there are some investors who are seeking more risky ones with expectations of higher yields.Investor’s Hunch:
Every investor will closing soured with a assorted closing though the market, frugalness and every statistical facts and figures are same for everyone. This disagreement comes from the investor’s intuition. Some will start from research; by aggregation lots of aggregation and then analyzing to decide, others start from process their objectives and then feat for opportunities that suit their needs.
Globalization Factor:
Investors hit slowly started to realize the advantages of planetary investments. Some aborning markets inform meliorate returns while another stable markets wage lesser risks. Investors hit ofttimes conquered risk by diversification, and an planetary mart provides more opportunities to attain portfolio change as compared to a topical market. Ignoring orbicular markets for assets is turning your backwards on a whole newborn world of opportunities.
Direct Selling or Direct marketing is a playing – organisation model, which allows a parent consort to dispense its artefact and services candid to consumers by effectuation of relationship referrals. Sahara Care House offers a unique candid marketing possibleness for the very prototypal time in Bharat with an original body organisation and an unmatched training with educational support system that provides the member a true self-development possibleness to enable him to advance positively towards his goal.
The shape of the orbicular cultivation playing is constantly dynamical and evolving, thereby reinforcing the key themes of health, lavatory and value.
Investment in the earth of Agriculture and how advantageous it is
Agriculture is the rachis of Amerindic economy. About 65% of the accumulation depends candid on cultivation and it accounts for around 22% of the India’s GDP.
Agriculture is the linchpin of the Amerindic frugalness because of its broad share in job and livelihood creation.It is also an essential source of raw touchable and obligation for some industrialized products, specially fertilizers, pesticides, rural implements and a variety of consumer goods.
India’s rural sector, especially with regard to matter processing and united activities is feat through a field transformation unvoluntary by rising contract environment, crescendo public-private status and an crescendo thrust on the transformation of rural infrastructure. The polity is targeting quaternary proportionality ontogeny for the agri-sector from 2005-2020.
India is the second maximal shaper of fruits and vegetables in the world. It is also second maximal shaper of flowers after China. Fisheries sector occupies a very essential locate in the socio-economic utilization of the country. It is a bounteous source of job opportunities for the super sort of grouping in the country, especially rural population. It has a Brobdingnagian goods potential. Similarly, Bharat has vast resource of eutherian and poultry, which endeavor a vital role in promoting the welfare of rural masses. The Amerindic Dairy Industry has acquired substantial ontogeny strength from 9th Plan onwards. India’s concentrate production during the year. So we crapper say that cultivation sector is in bullish function in Amerindic market.Hence, there exists innumerable playing opportunities in the cultivation and united sectors.
Investors from every over the world are making more and more investments into the sector for unleashing its existing potentialities as well as for exploring the untapped areas. And Bharat is a wonderland for investors hunting for assets opportunities in the Agriculture industry.
So today most of the investors are finance in rural supported consort in India.
In Bharat there is digit alacritous ontogeny consort La Ribah Agro Bharat Pvt. Ltd. which entered into cultivation playing which is handling in various projects same victim farming, Emu farming, Rabbit farming, Fish Farming and fisheries, Dairy Farming, equid Farming etc…
La Ribah Agro Bharat is at its primeval stage so there is quantity for investors to attain an surpassing return on a playing assets by playing development.
La Ribah Agro Bharat hit a sacred direction team, well thought discover dealings and various combative advantages so investors and body hit possibleness to intend significant return on the investment.
Our consort is trying to modify its playing through treatment of send news so we requirement investors to encourage the playing and share returns. We invites investors and body to equip in its captivating assets plans same Fixed plan, monthly organisation etc. for effort beatific as well as secure return. We conceive in daylong term relations with investors/leaders because success crapper be achieved by team work and trustworthy relationships. So gratify become and tie us by decent investor or cheater in such a ontogeny consort for effort meliorate returns.
Just go through its websites www.laribahagroindia.com/laribah.pps and see most assets opportunities with it.
For boost query and understanding go through the http://www.laribah.com or Contact at 9686670239or accumulation at info@laribahagroindia.com
Ashmax Scam Exposed!
AshMax is a multi-level marketing company launched by Ash Mufareh a well known top producer inside of the network marketing industry. At present touted as a free marketing system for users to accomplish success, they in fact help new members to develop a downline in two businesses, Global Domains International and Freeway to Success, in unison. Although getting started is free, it does entail each new member join both GDI and Freeway to Success inside of seven days, before themselves then sponsoring 5 distributors into AshMax anywhere inside of a 20 day window. The promise that Ashmax will build downlines automatically, arranging new distributors whilst at the same time replacing non-active distributors is true nevertheless this system does suffer it’s flaws.
Ashmax Scam? – Ashmax Reviewed!
Inability to sponsor 5 distributors inside of the designated 20 day window, results in termination of membership. This is done so as to encourage immediate activity among new distributors, quickly weeding out and terminating the inactive. Even though this may look good on paper the under lying actuality is the mlm industry suffers from a 97% failure rate. That means for every 100 you bring in only three will be successful! Whichever way you look at it, success in Ashmax will entail you bring in an absolute ton of men and women. Not to mention then duplicating this!
Despite the fact that Ashmax is a very legitimate company, offering two hugely dependable multi-level marketing companies. This aside it’s extremely unlikely you will ever make any quick money, as opposed to what their claim proposes, $22,399 per month in only one hundred days. As the saying goes if it sound’s to good to be true it most probably is, hate to burst your bubble but it’s true!
The truth is succeeding in multi-level marketing is going to require you to learn how to market effectively. And no I am not talking about out of date techniques like holding meetings, cold calling, writing out your list of family, friends and whom ever else you have ever known, prior to then pitching them on your business opportunity. As this like many of you know from experience although duplicatable is actually a sure fire recipe for failure for the majority of distributors. It’s no secret these methods are just no longer successful!
How to Succeed In Network marketing Period!
No matter how fantastic Ashmax or any other business opportunity may well be, prospects only ever join you if they percieve you as someone of value. Because of this it’s absolutely vital you market yourself, before your mlm opportunity as people do not join companies they join people!
All over the place Network Marketers Are Raving About Having Their Very Own Personally Branded Marketing Systems!
So if you’re new to multilevel marketing or you have been around some time, and you’re looking to take your business to the next level. We’re going to show you exactly the way to position your self as the leader and valued resource your prospects are currently looking to join, whether you’re promoting Ashmax or any other mlm business. You’re also going to have access to a complete system that will enable you to attract high quality prospects, generate leads and cashflow for your business 24 hrs per day on autopilot. Sound too good to be true? See for your self, you have absolutely nothing to lose and every thing to gain!
Find out how you can easily market online through accessing the most cutting edge Lead Generation Training Now!
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To effortlessly market your company, generating plenty of No cost Leads! So you will never fall victim to the 97% who fail in Ashmax, visit our Ashmax Insider Strategies Web Site NOW!
Adult MLM Turnkey Home Business Opportunity A Possible Scam
The MLM adult turnkey business concept has always been interesting to me so I finally broke down and performed my own due diligence on this MLM Adult Turnkey Business Opportunity and my findings were a bit disturbing to me. I read over three turnkey business MLM websites and found all three to be basically the same business under different domain names. Even though my findings below where negative regarding adult MLM industry, we are not claiming you can't make money with it. We do believe there are more questions than answers on how this business is supposed to work and knowing this has sent up some huge Red Flags for me.
There are 11 tremendously important Red Flags that I have identified that I hope will shed some light on this turnkey adult mlm business opportunity before you invest your hard-earned money. Please read thoroughly and do your own due diligence before investing in any Adult Online Business Opportunity you come across. Many business adult turnkey opportunities sound fantastic until you read between the lines and than some turn out to be an Adult MLM Scam. I like to think I am good at reviewing these types of overnight success based Adult MLM Home Based Businesses since I have 13 years in online home business opportunities and hopefully after reading this article you will feel the same.
11 Red Flags Identified In The Adult Turnkey MLM Business That Could Add Up To Equal Adult Turnkey Scam
1. You don't own the sites. This I found very peculiar. Why would I invest my own hard-earned money to Start My Adult MLM Turnkey Business when I won't even own the business? If this doesn't send up a flag, I am not sure what would.
1. You are told you are investing in 22 plus websites when you only receive one domain name. If you are being told you will have 22 websites but they will all be located on one domain name, than you only own 1 website. Maybe I am missing something but I don't think so.
1. You pay a recurring fee. I never like business models where I am required to make a monthly payment. Psychologically many of us have a tendency to just look at the monthly cost as a small investment but over months it adds up. For example: $69.95 per month computes to $840.00 per year.
1. Make money by referring others to refer others. This to me sounds like you are about to loose family and friends. This kind of makes me think of the life insurance salesman that runs out of family to sell the life insurance to. Once you bother the whole family by pressuring them to buy something than what do you do? Good question.
1. Poor quality adult turnkey websites. I always say, if you wouldn't sign up for your own website, why would anyone else? Check out the 22 or so websites and you be the judge. Everybody's taste is different and I will give you that but a horrible looking website is just that.
1. No hands on Seo marketing performed for you. This is a huge deal for how are you going to just learn Seo Marketing overnight? You are not. This is something that is learned over years not overnight. If some hands on marketing is not performed by the web design business you should not deal with them. Please understand some of this Seo marketing has to be done as the website is being designed.
1. Checked live assistance 10 days in a row and no answer waited half hour and gave up. This actually happened. Just because the adult turnkey business
claims they have live waiting operators doesn't mean they are not above stretching the truth a bit. I can pay for live assistance at a rate of approximately $5.00 a week if my 24/7 service is in a poor nation. This 24/7 live support doesn't mean the person has any real knowledge of the business they are supposed to be representing. Please beware.
1. All three Adult MLM Turnkey Business Opportunities provided me with a statement that said "22 custom sites." If this is true how can the price only be $69.95? This doesn't make sense. Think about it, if the promise of custom websites is true, I would be paying $69.95 for my first month and the web design firm would design custom websites for me? How would they make any money?
1. No address easily found on the design website. If it even appears that the web design business is hiding or not disclosing their company address you should not deal with them. How can a legitimate web design business have a website without a professional address and phone number?
1. Claims of being in an Exclusive Group or stated that you have to be referred to be a member of the adult MLM business program. Don't fall for crap such as this. So, if I want to be part of the adult MLM business and I am willing to pay my $69.95 they are not going to accept it? Please! Of course they will.
1. Profit chart states you will make $5,000 in your 4th month in the adult turnkey business. If this were true why would I be writing this? I would just buy 100 of these adult turnkey websites and make millions overnight. If the claim is too good to be true then it is just that. The same website that makes this claim also states that you will obtain 90 signups in your first month in business. How? It could take 30 days for a new website to be picked up by Google so how can you be making money off of your online adult turnkey business opportunity before it is online? The same company goes on to state that you will retain 67% of your signups for the 2nd month. This percentage is ridiculous, for the best niche specific adult website online today might be able to do up to 50% and this website would have to be in a micro niche market.
Not All Online Adult Turnkey Business Opportunities Are The Same
There are some very good adult turnkey business opportunities online today but to find them you need to do your due diligence. We just pointed out 10 very important red flags of an MLM Adult Turnkey Business Opportunity and believe me we don't mean to appear to be beating up MLM businesses. The whole point is there are red flags to all businesses and it is your job to investigate these companies so you make good money in business. Too many prospective entrepreneurs just throw around their investment money without doing their due diligence and they end up contacting someone like myself who has to make sure they are sitting down when I explain the realities of the business they just invested their hard-earned money in. Please read thoroughly and do your own due diligence when before investing in any Adult Turnkey Business Opportunity you come across. Many business opportunities sound fantastic until you read between the lines. Again though, we are not saying you can't make money in Adult MLM Turnkey Business but we don't believe it is worth your investment with all the red flags we were able to identify involving this Adult MLM Turnkey Business Opportunity. Good Luck To You!!
Article written by Jay Keyman of www.adultwebsiteturnkey.com and www.turnkeyinsider.org. With over 13 years in the Turnkey Adult Business and SEO Marketing Businesses Keyman’s goal is to assist you in making good money by offering you an education in online business.
Sunday, 10 April 2011
HOW MLM WORKS
These five steps illustrate how MLM companies work when done in a first-class way.
1. A sales representative (a “distributor” for an MLM company) first becomes effective at selling a product (skin care, nutrition, etc.) or a service (legal services, Internet services, etc.) to a consumer.
how MLM companies work illustrated
How many customers a distributor should get will depend on the Company’s commission plan - typically about 20 customers. My personal recommendation is to get enough customers so that you can effectively get customers at will. Otherwise you will not be able to train those you recruit to get customers.
It is not efficient to get many more than 20 customers, as MLM companies pay you to “duplicate yourself.” If you train 5 people to get 20 customers, you’re much more effective at getting your valuable product to consumers than if you were just distributing products on your own. Other industries (such as direct sales) will reward you better for getting a lot of customers; but they don’t reward you for training others.
2. Recruit ONE person and train them how to get customers. This person would be called your downline.
3. Once your sales rep can get customers at will, then train them how to recruit another person.
4. Ensure that YOUR sales rep can train HIS new sales rep how to get customers.
5. Then, you recruit ONE other person and repeat steps two through four. Keep doing this until you’ve reached the income you desire. I did this cycle 16 times and have made millions of dollars.
How do commission plans work?
Commission plans, also called compensation plans, are how MLM companies reward a distributor’s production.
Note: All the illustrations below are theoretical. There are many commission plans and each company’s plan is slightly different. The illustrations below serve as an explanation not only of how an MLM company works, but why they are designed the way they are.
Most MLM compensation plans can appear rather complicated at first glance because all companies (MLM or others) try to figure out how to get a sales rep to sell more products. The designer of the commission plan divides the money that is set aside for commissions into different “buckets.”
Bucket #1 is to motivate the sales rep to sell products to consumers. This is called a “retail commission.”
In addition, the MLM companies know that new sales reps probably do not know how to sell the product and thus need to be trained. So they (theMLM company) create “bucket #2″ to encourage sales reps to properly train new people. The better the training, the more product gets sold. So bucket #2 is to reward the sponsor (which is the sales rep) for training their new rep. Which is not only logical, but quite clever.
The next commission “bucket” is to reward sales reps for becoming and/or finding leaders. The MLM company very much desires leaders, just as any non MLM company does. Non-MLM companies typically go to executive search firms to locate leaders. MLM companies use their current sales reps to find leaders. Once found, the company will reward the leader, as well as the sales rep who found or developed the leader - just as a traditional company will pay the executive search firm for finding leaders.
In most MLM companies, the more leaders you develop, the more “buckets” are
made available to you.
One of the biggest challenges in creating an MLM compensation plan is paying out too much in commissions, which causes the company to go bankrupt. On the other hand, if the company doesn’t pay out enough commission, they will have a tough time retaining their sales reps and will not attract or develop true leaders.
The way successful companies are able to accomplish this difficult challenge is to make the compensation plan difficult to achieve… but achievable by those willing to meet SPECIFIC performance standards.
The contrary option is to make the compensation plan easy to achieve by everyone. But then every person would have a lid on their income because the available commissions would be spread (or dissipated) throughout everyone. Companies that use this type of compensation plan typically never grow big enough to get noticed because they are unable to attract leaders or there are not enough commissions to motivate a person to develop the necessary skills to become a leader.
Therefore it’s better to make the commission plan difficult to achieve. But everyone doesn’t have to achieve the top of the commission structure to earn a very good income. Most compensation plans are structured so that a person can replace their current salary by only achieving 1/2 of the available commissions or “buckets.”
All compensation plans are designed based on the quota or standards philosophy. The word quota means: a production assignment. The word standard means: a level of achievement. So in its most basic form, all commission plans work like this:
If you do nothing - you get nothing.
If you do a “little bit” - you’ll get a “little bit” = only bucket #1 (from illustrations above).
This creates a little extra income.
If you do a “little bit more” - you’ll get a “little bit more” = buckets #1 and #2.
This creates a good part time income.
If you do “all this” - you’ll get “all this” = buckets #1, 2 and 3.
This replaces a typical job income.
If you’re somehow able to do this “enormous amount” - then you have done us (the MLM Company) an incredible service and we’re going to reward you this “enormous amount!” = buckets #1 through #6!
This creates wealth.
Each person who joins an MLM company chooses what level they want to achieve, based not on a mental decision but based on results. There is not a more fair system than one that rewards someone based on results. The most unfair system would be to reward someone based on their resume, their talk, their family connections or their attractiveness.
Have you ever been passed up for a promotion because the owner of the company’s son was promoted instead of you? Maybe a girl more attractive than you? Maybe a person worked at the company longer than you? Maybe a person went to a better college than you? The only person that deserves a promotion is the one who produces the most for the company!
If you feel it is unfair that not everyone reaches the highest level of the compensation plan or that only a few reach the “top,” you might want to think about this: in every achievement or accomplishment there are standards that have to be met.
To be part of any sports team there are standards you must meet to be a part of that sport. To continue on and be great at that sport there are additional standards that must be met.
To be a golfer you simply buy some clubs for a few hundred dollars and go play golf - that is the base level “standard” to participate. To be considered a good golfer there are higher standards you must meet, to be a great golfer there are even higher standards. This is true of every sport, every business and every profession and even parenthood! Having a child doesn’t make you a great parent.
In MLM, to participate you buy an inexpensive distributor kit. This is similar to saying that you “play golf.” It takes almost NOTHING to achieve this level - therefore many (millions) can achieve this easy standard.
To be great in MLM (and enjoy the lifestyle that is offered) performance standards have been established in the compensation plan. They are not arbitrary standards; they are specific lines of achievement that ANYONE who wants that level of achievement must meet.
Meeting or exceeding performance standards is the reason someone achieves success in MLM.
In conclusion on the commission plan, when deciding on an MLM company you actually want a difficult-to-achieve compensation structure - but one that is achievable. You will, of course, have to work for it and may even have to increase your skill level to achieve it. But the rewards are worth the work - as long as you’ve chosen a good company. This of course isn’t any different than any other industry - if you pour your heart and soul as an employee into a company that gets downsized or goes out of business, you start over.
It’s the same with MLM.
1. A sales representative (a “distributor” for an MLM company) first becomes effective at selling a product (skin care, nutrition, etc.) or a service (legal services, Internet services, etc.) to a consumer.
how MLM companies work illustrated
How many customers a distributor should get will depend on the Company’s commission plan - typically about 20 customers. My personal recommendation is to get enough customers so that you can effectively get customers at will. Otherwise you will not be able to train those you recruit to get customers.
It is not efficient to get many more than 20 customers, as MLM companies pay you to “duplicate yourself.” If you train 5 people to get 20 customers, you’re much more effective at getting your valuable product to consumers than if you were just distributing products on your own. Other industries (such as direct sales) will reward you better for getting a lot of customers; but they don’t reward you for training others.
2. Recruit ONE person and train them how to get customers. This person would be called your downline.
3. Once your sales rep can get customers at will, then train them how to recruit another person.
4. Ensure that YOUR sales rep can train HIS new sales rep how to get customers.
5. Then, you recruit ONE other person and repeat steps two through four. Keep doing this until you’ve reached the income you desire. I did this cycle 16 times and have made millions of dollars.
How do commission plans work?
Commission plans, also called compensation plans, are how MLM companies reward a distributor’s production.
Note: All the illustrations below are theoretical. There are many commission plans and each company’s plan is slightly different. The illustrations below serve as an explanation not only of how an MLM company works, but why they are designed the way they are.
Most MLM compensation plans can appear rather complicated at first glance because all companies (MLM or others) try to figure out how to get a sales rep to sell more products. The designer of the commission plan divides the money that is set aside for commissions into different “buckets.”
Bucket #1 is to motivate the sales rep to sell products to consumers. This is called a “retail commission.”
In addition, the MLM companies know that new sales reps probably do not know how to sell the product and thus need to be trained. So they (theMLM company) create “bucket #2″ to encourage sales reps to properly train new people. The better the training, the more product gets sold. So bucket #2 is to reward the sponsor (which is the sales rep) for training their new rep. Which is not only logical, but quite clever.
The next commission “bucket” is to reward sales reps for becoming and/or finding leaders. The MLM company very much desires leaders, just as any non MLM company does. Non-MLM companies typically go to executive search firms to locate leaders. MLM companies use their current sales reps to find leaders. Once found, the company will reward the leader, as well as the sales rep who found or developed the leader - just as a traditional company will pay the executive search firm for finding leaders.
In most MLM companies, the more leaders you develop, the more “buckets” are
made available to you.
One of the biggest challenges in creating an MLM compensation plan is paying out too much in commissions, which causes the company to go bankrupt. On the other hand, if the company doesn’t pay out enough commission, they will have a tough time retaining their sales reps and will not attract or develop true leaders.
The way successful companies are able to accomplish this difficult challenge is to make the compensation plan difficult to achieve… but achievable by those willing to meet SPECIFIC performance standards.
The contrary option is to make the compensation plan easy to achieve by everyone. But then every person would have a lid on their income because the available commissions would be spread (or dissipated) throughout everyone. Companies that use this type of compensation plan typically never grow big enough to get noticed because they are unable to attract leaders or there are not enough commissions to motivate a person to develop the necessary skills to become a leader.
Therefore it’s better to make the commission plan difficult to achieve. But everyone doesn’t have to achieve the top of the commission structure to earn a very good income. Most compensation plans are structured so that a person can replace their current salary by only achieving 1/2 of the available commissions or “buckets.”
All compensation plans are designed based on the quota or standards philosophy. The word quota means: a production assignment. The word standard means: a level of achievement. So in its most basic form, all commission plans work like this:
If you do nothing - you get nothing.
If you do a “little bit” - you’ll get a “little bit” = only bucket #1 (from illustrations above).
This creates a little extra income.
If you do a “little bit more” - you’ll get a “little bit more” = buckets #1 and #2.
This creates a good part time income.
If you do “all this” - you’ll get “all this” = buckets #1, 2 and 3.
This replaces a typical job income.
If you’re somehow able to do this “enormous amount” - then you have done us (the MLM Company) an incredible service and we’re going to reward you this “enormous amount!” = buckets #1 through #6!
This creates wealth.
Each person who joins an MLM company chooses what level they want to achieve, based not on a mental decision but based on results. There is not a more fair system than one that rewards someone based on results. The most unfair system would be to reward someone based on their resume, their talk, their family connections or their attractiveness.
Have you ever been passed up for a promotion because the owner of the company’s son was promoted instead of you? Maybe a girl more attractive than you? Maybe a person worked at the company longer than you? Maybe a person went to a better college than you? The only person that deserves a promotion is the one who produces the most for the company!
If you feel it is unfair that not everyone reaches the highest level of the compensation plan or that only a few reach the “top,” you might want to think about this: in every achievement or accomplishment there are standards that have to be met.
To be part of any sports team there are standards you must meet to be a part of that sport. To continue on and be great at that sport there are additional standards that must be met.
To be a golfer you simply buy some clubs for a few hundred dollars and go play golf - that is the base level “standard” to participate. To be considered a good golfer there are higher standards you must meet, to be a great golfer there are even higher standards. This is true of every sport, every business and every profession and even parenthood! Having a child doesn’t make you a great parent.
In MLM, to participate you buy an inexpensive distributor kit. This is similar to saying that you “play golf.” It takes almost NOTHING to achieve this level - therefore many (millions) can achieve this easy standard.
To be great in MLM (and enjoy the lifestyle that is offered) performance standards have been established in the compensation plan. They are not arbitrary standards; they are specific lines of achievement that ANYONE who wants that level of achievement must meet.
Meeting or exceeding performance standards is the reason someone achieves success in MLM.
In conclusion on the commission plan, when deciding on an MLM company you actually want a difficult-to-achieve compensation structure - but one that is achievable. You will, of course, have to work for it and may even have to increase your skill level to achieve it. But the rewards are worth the work - as long as you’ve chosen a good company. This of course isn’t any different than any other industry - if you pour your heart and soul as an employee into a company that gets downsized or goes out of business, you start over.
It’s the same with MLM.
MLM In India : Does Your Indian MLM Comapny Has These Essential?
Have you ever check any Indian MLM Directory? If no than let you know that there are more than 1 Thousand MLM company in the MLM company list. New mlm companies keeps coming and old mlm companies keeps vanishing. So how do you find out which ones are really great, and which ones are plain scams? Here are some of the different essential of the top MLM companies existing today.MLM In India : Essential For Indian MLM Company
* Demonstrated Stability And Financial Strength
The word stability often denotes endurance for the long haul. Network marketing companies that are financially stable have the ability to remain in service for years to come. To safely determine the stability of a certain network marketing entity, you need to first find out its company history. Find out how long has the company been in the industry. Once you know the company's history, you'll have a deeper insight of the economic cycles that it has endured.
A company that has made it through all the economic downturns, wars and other major hurdles will truly demonstrate stability. Next, find out the stability of the company's management circle. Have there been many changes to the company's management, or have the company's key decision makers been frequently changed or rotated over the past few years? Even if theMLM company is a relative startup, you still need to find out its recent history, as well as its corporate makeup.
* Member Training And Support
Another key characteristic of a well-performing MLM company is the quality of its training and support for distributors or affiliates. A quick glance at the company's Web site will offer you glimpses of how they support and train their distributors. Do they provide constant coaching and training, and do they offer Webinars, podcasts and video conferences tot heir staff and sales teams? And if distributors have certain queries or questions, does the company offer different avenues for channeling concerns and queries? Or do they provide distributor support hotlines, live chat and a resource library? A well-rounded MLM company has to be able to provide different modes for sharpening an individual distributor's skills, to enable them to keep abreast with any changes or new trends in the MLM industry.
* Business Building Tools
Top-performing network marketing companies often provide a comprehensive array of business building tools for their distributors. These companies offer helpful tools like e-cards, calendars, autoresponders, customer relationship management systems, and other helpful online and offline strategies and resources. The marketing materials and strategies they offer must also be customizable, so that an individual distributor will be able to easily craft a solution for the varying requirements of their prospects and clients.
* Compensation Plan
A well-rounded MLM company will also be able to offer its distributors a generous, and balanced compensation plan. Irrespective of what compensation model the company is using, the comp plan must be straight-forward and easy-to-understand. The compensation plan must also be able to reward its distributors or affiliates with progressive bonus levels, which motivate them to increase their sales volume, and recruit more qualified prospects.
While there are other equally important characteristics of a top MLM company, these few traits should give you a guide on how to evaluate a top-performing network marketing company.
* Demonstrated Stability And Financial Strength
The word stability often denotes endurance for the long haul. Network marketing companies that are financially stable have the ability to remain in service for years to come. To safely determine the stability of a certain network marketing entity, you need to first find out its company history. Find out how long has the company been in the industry. Once you know the company's history, you'll have a deeper insight of the economic cycles that it has endured.
A company that has made it through all the economic downturns, wars and other major hurdles will truly demonstrate stability. Next, find out the stability of the company's management circle. Have there been many changes to the company's management, or have the company's key decision makers been frequently changed or rotated over the past few years? Even if theMLM company is a relative startup, you still need to find out its recent history, as well as its corporate makeup.
* Member Training And Support
Another key characteristic of a well-performing MLM company is the quality of its training and support for distributors or affiliates. A quick glance at the company's Web site will offer you glimpses of how they support and train their distributors. Do they provide constant coaching and training, and do they offer Webinars, podcasts and video conferences tot heir staff and sales teams? And if distributors have certain queries or questions, does the company offer different avenues for channeling concerns and queries? Or do they provide distributor support hotlines, live chat and a resource library? A well-rounded MLM company has to be able to provide different modes for sharpening an individual distributor's skills, to enable them to keep abreast with any changes or new trends in the MLM industry.
* Business Building Tools
Top-performing network marketing companies often provide a comprehensive array of business building tools for their distributors. These companies offer helpful tools like e-cards, calendars, autoresponders, customer relationship management systems, and other helpful online and offline strategies and resources. The marketing materials and strategies they offer must also be customizable, so that an individual distributor will be able to easily craft a solution for the varying requirements of their prospects and clients.
* Compensation Plan
A well-rounded MLM company will also be able to offer its distributors a generous, and balanced compensation plan. Irrespective of what compensation model the company is using, the comp plan must be straight-forward and easy-to-understand. The compensation plan must also be able to reward its distributors or affiliates with progressive bonus levels, which motivate them to increase their sales volume, and recruit more qualified prospects.
While there are other equally important characteristics of a top MLM company, these few traits should give you a guide on how to evaluate a top-performing network marketing company.
Designing Tweets: How To Integrate Twitter Into Your Web Site
In order to grab your attention and have you follow them on Twitter, some web site owners choose to go beyond a simple “Follow Me” and also display their latest tweets. I don’t know if one method is preferable over the other in order to actually pick up followers, but I thought it might be helpful to take a look at how you can display tweets and also how some designers are making their tweets stand out, or in some cases blend in to the overall design.
So how do you actually get your tweets to display? Well there are a number of options.
Twitter Widgets
If you’re blogging or using MySpace or Facebook, you can grab a widget to work in the appropriate social media area. They’re available as Flash or HTML; all you need to do is copy the code and paste it into your site.
Twitter Goodies
Twitter also provides all users with a profile widget which can be added to most web sites by grabbing the code the provided. You can configure the size, colors and number of updates for your badge in the settings.
jQuery Plugins
There are a quite a few of these plugins around which all provide tweet display functionality as well as a few other bells and whistles.
Juitter is a widget which will display tweets to or from a user and has an option to display avatars.
TwitStream uses the Twitter Search API to display a list from your twitter feed containing a particular keyword and also displays avatars and URLS.
If you want to add your tweets to your WordPress blog, Twitter For WordPress does what is says on the tin, displaying your recent tweets and URLs.
Designed Tweets
Although many sites are displaying tweets, some designers are going that extra mile to incorporate the Twitter feed into their overall design. It’s the attention to detail that makes them interesting to look at. Here are five imaginative examples of Twitter integration.
Justin Delabar
That Indie Dude
Mad Frog Designs
Jeff Sarmiento
Indiqo
What do you do with your tweets? Have you integrated them into your site and what method do you use? Or do you just ask for a follow? Have you seen any other Tweet displays that you liked?
HOW TO SPLIT YOUR BLOG HEADER ONE WIDGET TO TWO TWO WIDGET
Most of the newbie blogger are facing the problem to split the header widget in two parts one for blog title and another one for search engine.In this article i am going to explain you step by step so you can achieve it easily.
Note:This article example is achieved successfully on my blog but i suggest you to take a back up copy of your Template and test it.
Steps
1.Go to Blogger.com and login with your account
2.After successful login it will take you to your blogger dashboard
3.Now click on layout and the click the subcategory Edit HTML
4.Search for this below content in your blog HTML Editor
/* Header
------------------------------------
*/
#header {
width:960px;
margin: 0px;
text-align: left;
color:#ffcc66;
}
Now replace this above code with this
#header {
margin: 0px;
width:500px;/*width size for title widget*/
text-align:left;
float:left;
color:#ffcc66;
}
#r_head{
width:500px;/*width size for search widget*/
float:left;
}
One more main steps to do that
Now locate this below code in the same HTML Editor
<div id='header-wrapper'>
<b:section class='header' id='header' maxwidgets='1' showaddelement='no'>
<b:widget id='Header1' locked='true' title='Blog' type='Header'/>
</b:section>
</div>
Now replace this above code with this
<div id='header-wrapper'>/*Header calling function*/
<div id='head-inner'>/*Title Header*/
<b:section class='header' id='header' maxwidgets='1' showaddelement='no'>
<b:widget id='Header1' locked='true' title='Test Blog (Header)' type='Header'/>
</b:section>
</div>
<div id='r_head'>
<b:section class='header' id='header2' preferred='yes'/>/*Search Header*/
</div>
</div>
Thats it .Almost you done.Go to layout page element and select the search widget by clicking the add widget..
Note:This article example is achieved successfully on my blog but i suggest you to take a back up copy of your Template and test it.
Steps
1.Go to Blogger.com and login with your account
2.After successful login it will take you to your blogger dashboard
3.Now click on layout and the click the subcategory Edit HTML
4.Search for this below content in your blog HTML Editor
/* Header
------------------------------------
*/
#header {
width:960px;
margin: 0px;
text-align: left;
color:#ffcc66;
}
Now replace this above code with this
#header {
margin: 0px;
width:500px;/*width size for title widget*/
text-align:left;
float:left;
color:#ffcc66;
}
#r_head{
width:500px;/*width size for search widget*/
float:left;
}
One more main steps to do that
Now locate this below code in the same HTML Editor
<div id='header-wrapper'>
<b:section class='header' id='header' maxwidgets='1' showaddelement='no'>
<b:widget id='Header1' locked='true' title='Blog' type='Header'/>
</b:section>
</div>
Now replace this above code with this
<div id='header-wrapper'>/*Header calling function*/
<div id='head-inner'>/*Title Header*/
<b:section class='header' id='header' maxwidgets='1' showaddelement='no'>
<b:widget id='Header1' locked='true' title='Test Blog (Header)' type='Header'/>
</b:section>
</div>
<div id='r_head'>
<b:section class='header' id='header2' preferred='yes'/>/*Search Header*/
</div>
</div>
Thats it .Almost you done.Go to layout page element and select the search widget by clicking the add widget..
Adherence to KYC/AML guidelines while opening and conduct of the accounts of Multi Level Marketing firms
RBI/2009-10/158 UBD. CO. BPD. PCB.Cir. No.9/12.05.001 / 2009-10 September 16, 2009 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam Adherence to KYC/AML guidelines while opening and conduct of the accounts of Multi Level Marketing firms It has come to our notice that certain firms posing as Multi Level Marketing (MLM) agencies for consumer goods and services have been actually mobilizing large amounts of deposits from the public with promise of high returns. The names of some of these firms are:
3. Some of the above firms were advertising their deposit schemes through websites. A few such website addresses are: http://www.alaskaindia.net/business_plan.html http://www.fineindia.net/ Preliminary reports reveal that the names of the banks, where the MLM firms or their agents were maintaining accounts were getting associated with such operations of MLM firms. This has potential reputational risk for the banks, especially in the event of the firms failing to repay the depositors. Incidentally, as it appears, during personal contacts with the prospective depositors some of these MLM firms or their agents had used the name of the banks where they had accounts. 4. In view of the above, we advise that banks should be careful in opening accounts of the marketing/trading agencies etc. Especially, strict compliance with KYC and AML guidelines contained in circulars UBD.CO.BPD (PCB) No. 1/12.05.001/2008-09 dated July 02, 2008 and UBD.PCB. Cir. 30/09.161.00/2004-05 dated December 15, 2004 issued by RBI should be ensured in the matter. 5. In cases where accounts have already been opened in the names of the marketing agencies, retail traders, investment firms, the banks may undertake quick reviews. Wherever large number of cheque books has been issued to such firms, the relative decision may be reviewed in the light of the following:
7. Please acknowledge receipt. Also, unusual operations noticed during the above review may be immediately reported to us and other appropriate authorities, such as, Financial Intelligence Unit (FIU-IND), Department of Revenue, Ministry of Finance, Government of India, Hotel Samrat (6th Floor), Chanakyapuri, New Delhi - 110 021. Yours faithfully, (A. K. Khound) Chief General Manager-in-Charge |
RBI Advisory on Overseas Forex Trading through Electronic / Internet Trading Portals
The Reserve Bank of India has today clarified that remittance in any form towards overseas foreign exchange trading through electronic/internet trading portals is not permitted under the Foreign Exchange Management Act (FEMA), 1999. The Reserve Bank has also clarified that the existing regulations under FEMA, 1999 do not permit residents to trade in foreign exchange in domestic / overseas markets.
Residents are, however, permitted to trade in currency futures and options contracts, traded on the stock exchanges recognised by the Securities and Exchange Board of India (SEBI) in India, subject to the conditions specified by the Reserve Bank from time to time.
Background
The Reserve Bank had noticed advertisements issued by electronic / internet portals offering trading or investing in foreign exchange with guaranteed high returns. Many companies even engage agents who personally contact gullible people to undertake forex trading/ investment schemes and entice them with promises of disproportionate / exorbitant returns.
The Reserve Bank of India cautions the public not to remit or deposit money for such unauthorised transactions. The advice has become necessary in the wake of many residents falling prey to such tempting offers and losing money heavily in the recent past.
Residents are, however, permitted to trade in currency futures and options contracts, traded on the stock exchanges recognised by the Securities and Exchange Board of India (SEBI) in India, subject to the conditions specified by the Reserve Bank from time to time.
Background
The Reserve Bank had noticed advertisements issued by electronic / internet portals offering trading or investing in foreign exchange with guaranteed high returns. Many companies even engage agents who personally contact gullible people to undertake forex trading/ investment schemes and entice them with promises of disproportionate / exorbitant returns.
The Reserve Bank of India cautions the public not to remit or deposit money for such unauthorised transactions. The advice has become necessary in the wake of many residents falling prey to such tempting offers and losing money heavily in the recent past.
Alpana Killawala
Chief General Manager
Press Release : 2010-2011/1196Chief General Manager
RBI flashes red signal at MLM companies
Mumbai The operations of shady multi-level marketing (MLM) companies — which operate what are popularly known as pyramid or ponzi schemes — have come under the regulatory scanner with shady MLM companies mushrooming across the country and duping investors. Many firms posing as MLM agencies for consumer goods and services have been actually mobilising large amounts of deposits from the public with promises of ridiculous returns of 120 per cent and repayment of prinicipal within a year.
In a circular, the Reserve Bank of India has alerted banks that in cases where accounts have already been opened in the names of the marketing agencies, retail traders and investment firms, the banks should undertake quick reviews. “Wherever large number of cheque books has been issued to such firms, the relative decision may be reviewed,” it said.
With many MLM companies recently using the banking technology to dupe investors, the RBI said, “banks should be careful in opening accounts of the marketing/trading agencies etc. Especially, strict compliance with KYC (know your customer) and AML (anti-money laundering) guidelines issued by the RBI should be ensured in the matter.”
The banking regulator also named seven MLM companies (Fine India Sales Pvt Ltd, Lakshya Levels Marketing, Eve Industries, Trident Advertising & Trade Links Pvt. Ltd, Super Life Link Distributors, Lue Brain Education Society and Manya Mantra Marketing). “These firms and their agents had reportedly promised very high returns on deposits and lured common people to part with funds in the name of certain investment/deposit schemes,” the RBI said.
In a circular, the Reserve Bank of India has alerted banks that in cases where accounts have already been opened in the names of the marketing agencies, retail traders and investment firms, the banks should undertake quick reviews. “Wherever large number of cheque books has been issued to such firms, the relative decision may be reviewed,” it said.
With many MLM companies recently using the banking technology to dupe investors, the RBI said, “banks should be careful in opening accounts of the marketing/trading agencies etc. Especially, strict compliance with KYC (know your customer) and AML (anti-money laundering) guidelines issued by the RBI should be ensured in the matter.”
The banking regulator also named seven MLM companies (Fine India Sales Pvt Ltd, Lakshya Levels Marketing, Eve Industries, Trident Advertising & Trade Links Pvt. Ltd, Super Life Link Distributors, Lue Brain Education Society and Manya Mantra Marketing). “These firms and their agents had reportedly promised very high returns on deposits and lured common people to part with funds in the name of certain investment/deposit schemes,” the RBI said.
Amway India Helps Hearing And Speech Impaired Kids
Source: The Telegraph
The less privileged children of a school for hearing and speech impaired here can now look forward for better education, healthcare and nutrition.
Amway Opportunity Foundation unveiled “Project Sunrise”, a global welfare initiative for the less privileged child. Amway Opportunity Foundation, the corporate social responsibility arm of Amway India Enterprises Private Ltd, will partner Kshitish Muk Badhir Vidyalaya (School for hearing and speech impaired) in Ranchi, for three years.
S.N. Pradhan, the inspector-general of police (provision), flagged off the project today. “Project Sunrise is supported by Amway’s global corporate social responsibility initiative. One by one, it will extend to 52 such schools across the country. This project is primarily supported by Amway’s 50th year anniversary funds, where Amway Opportunity Foundation will engage partnerships with NGOs to support on-going education, healthcare (with focus on access to safe drinking water) and nutrition of these children,” said Diptarag Bhattacharjee, the Amway vice-president (east), also a volunteer of Amway Opportunity Foundation. Amway, supposed to be a leader in multi-level marketing, considers all its employees and distributors as Amway Opportunity Foundation volunteers.
To Read the rest of the story click here
I found this over at Money Life magazine - these shysters will do anything for a buck.
WalletChange.com
An MLM company that claims to be Asia’s largest online survey company, does not even have an office address or a telephone numberbut is offering to ‘pay’ $10 just for filling out online surveys
An MLM company that claims to be Asia’s largest online survey company, does not even have an office address or a telephone numberbut 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.
Saturday, 9 April 2011
Related Posts Widget for Blogger with Thumbnails
Related Posts with Thumbnails for Blogger
Displaying the links to related posts along with a thumbnail of the corresponding post will help you increase the page views/user .Users will be tempted to go for the related posts when they are presented attractively with thumbnails.This is another first release from me.This one also uses the media thumbnails generated by blogger for each post.
For displaying the thumbnails,this widget will use the images uploaded for the post using the blogger image uploader(from the post editor) [Update - Now supports external images also.]
Related Posts Widget with Thumbnails for Blogger
Here are the detailed steps to install the related posts widget for blogger with thumbnails1.First of all Login to your blogger dashboard and navigate to Layout > Edit HTML and check the "Expand Widget Templates" check box
2.Now look for
</head>
<!--Related Posts with thumbnails Scripts and Styles Start--> <!-- remove --><b:if cond='data:blog.pageType == "item"'> <style type="text/css"> #related-posts { float:center; text-transform:none; height:100%; min-height:100%; padding-top:5px; padding-left:5px; } #related-posts h2{ font-size: 1.6em; font-weight: bold; color: black; font-family: Georgia, “Times New Roman”, Times, serif; margin-bottom: 0.75em; margin-top: 0em; padding-top: 0em; } #related-posts a{ color:black; } #related-posts a:hover{ color:black; } #related-posts a:hover { background-color:#d4eaf2; } </style> <script type='text/javascript'> var defaultnoimage="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbaoRTHZuyKhKutGXbX7uNk-WjnCFwWPoDYrahoLPKemZIkfbtjpOrRHkWvcET0_ByWNhO-Ol8g0R0K3PsxHKC64f4slGP0tol0Ct6ruWF1txSR_9zSQ8QW247yrnc_w4pxaSEwVgnk5I/s400/noimage.png"; var maxresults=5; var splittercolor="#d4eaf2"; var relatedpoststitle="Related Posts"; </script> <script src='http://blogergadgets.googlecode.com/files/related-posts-with-thumbnails-for-blogger-pro.js' type='text/javascript'/> <!-- remove --></b:if> <!--Related Posts with thumbnails Scripts and Styles End--> </head>
<div class='post-footer-line post-footer-line-1'>
<p class='post-footer-line post-footer-line-1'>
<!-- Related Posts with Thumbnails Code Start--> <!-- remove --><b:if cond='data:blog.pageType == "item"'><div id='related-posts'> <b:loop values='data:post.labels' var='label'> <b:if cond='data:label.isLast != "true"'> </b:if> <script expr:src='"/feeds/posts/default/-/" + data:label.name + "?alt=json-in-script&callback=related_results_labels_thumbs&max-results=6"' type='text/javascript'/></b:loop> <script type='text/javascript'> removeRelatedDuplicates_thumbs(); printRelatedLabels_thumbs("<data:post.url/>"); </script> </div><div style='clear:both'/> <!-- remove --></b:if> <b:if cond='data:blog.url == data:blog.homepageUrl'><b:if cond='data:post.isFirstPost'> <a href='http://www.bloggerplugins.org/2009/08/related-posts-thumbnails-blogger-widget.html'><img style="border: 0" alt="Related Posts Widget For Blogger with Thumbnails" src="http://image.bloggerplugins.org/blogger-widgets.png" /></a><a href='http://bloggertemplates.bloggerplugins.org/' ><img style="border: 0" alt="Blogger Templates" src="http://image.bloggerplugins.org/blogger-templates.png" /></a> </b:if></b:if> <!-- Related Posts with Thumbnails Code End-->
var maxresults=5;
var relatedpoststitle="Related Posts";
var defaultnoimage="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbaoRTHZuyKhKutGXbX7uNk-WjnCFwWPoDYrahoLPKemZIkfbtjpOrRHkWvcET0_ByWNhO-Ol8g0R0K3PsxHKC64f4slGP0tol0Ct6ruWF1txSR_9zSQ8QW247yrnc_w4pxaSEwVgnk5I/s400/noimage.png";
var splittercolor="#d4eaf2";
If you fall into troubles implementing this,don't panic.. :) .just leave me a comment here and i will help you out. If you like to give me any suggestions on how to improve this widget,then it would be really great.
How to display the related posts on every page and not only on the post pages?
Just remove the two lines starting with <!-- remove --> from both step 3 and step 2.that is lines
<!-- remove --><b:if cond='data:blog.pageType == "item"'>
and<!-- remove --></b:if>
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