SpeakAsia - Income from Online Surveys

A new concept to actually earn some good money online by filling up surveys for MNC's/ government organisations/other corporates etc. Any company has to go for market survey for market research of launch of new product or improvement of such products. The company spends millions of dollars every year to create a survey group and plots out the needs of end users. Surveys are critical since they provide key points to provide complete customer satisfaction & try to meet the benchmark created by rival products.

Speak Asia provides such surveys online to us and provides us fees for filling up the same. It has three main advantages - 

1] It can reach to a huge number of people immediately (currently it has more than 11 lakhs panelists). 

2] Quick results from the surveys as everything is online. 

3] Lot of cost advantages as there is no stationery cost, marketing cost for setting up such survey groups.

Speak Asia has started last year Feb 2010 and it has been featured in NDTV Times, Times of India (Newspaper - Paper Cuts Attached).

Now, let us come to the main point. How much one can earn money and what investment is required for that ?

Everything is provided in their website i.e. www.speakasiaonline.com, you can check it out, but I will provide a brief idea, even if you don't have time for that.

1. Investment for 1 Panel - Rs.11,000 (Premium Panelist)

2. No. of Surveys a week - 2 i.e. 8 surveys a months (4 weeks X 2 surveys)

3. Income from one survey - Rs. 500 i.e. Rs.4000 a month (8 surveys X Rs.500 per survey)

If you add more panels, you can earn more out of it, say for eg: if one goes for 10 panels

1. Investment for 10 Panel - Rs.1,10,000 (Premium Panelist)

2. No. of Surveys a week - 20 i.e.  80 surveys a months (4 weeks X 20 surveys)

3. Income from one survey - Rs. 500 i.e. Rs.40,000 a month (20 surveys X Rs.500 per survey)

Now, there is also another source of income other than survey income, i.e. reference income.

Let us talk about 3 panels to understand the same in a better manner:

1. Investment for 3 Panel - Rs.33,000 (Premium Panelist)

2. No. of Surveys a week - 6 i.e. 24 surveys a months (4 weeks X 6 surveys)

3. Income from one survey - Rs. 500 i.e. Rs.12,000 a month (24 surveys X Rs.500 per survey)

You will be provided with 2 legs - Right & Left - You will suppose add one at right & another at left side.

4. Since your left and right panel will be joined with your reference id (i.e. YOU), you will get Rs. 600 p.m. from each panel only after completing the surveys in that respective panel.

Referral Income - Rs.600 x 2 panels = Rs.1200 per month

5. One time bonus of Rs.1000 from all Accounts i.e. 3 panels = Rs. 1000 x 3 panels = Rs.3,000

Now finally, my personal analysis for 3 panels ROI etc.

1. Investment for 3 panels = Rs.33,000 (11,000 x 3)

2. Survey Income = Rs.500 x 24 surveys = Rs.12,000

3. One time Bonus = Rs.3,000

4. Reference Income from 2 panels = Rs.1200

Let's calculate our 1st Month Income: (12000+3000+1200 = 16,200)

2nd Month Income: 12000+1200 = 13,200

Total in 2 months = 16200+13200 = 29,400

So, further analysis can be done by you, I can conclude that we will recover our initial investment in 9 weeks. Also, there is an offer going on to book 3 panels by paying Rs.13,000 (Only 1 panel will be active, left & right panel are just booked)

CONCLUSION: If you want to earn only by filling surveys and be happy, whats the harm, go on. If you would like to refer this wonderful thing to your friends, families, then why not to earn some extra buck!!!

If you find this interesting, pls contact me for any further query. I have just recently joined with 3 panels (availed the offer by paying Rs.13,000) and completed 2 surveys of this week, amount has been accrued, it gets credited after 30 days from filling up surveys. I was planning to tell you about this only after my first income of Rs. 4000 so that I can send you bank statement proof. But since speakasia is spending a lot on ads, the rates are going to increase to Rs.15,000 w.e.f. 15th June 2011.

Some Factual Evidence: Refer Attachments - TOI, Check Ads between IPL 4 Telecast (Refer details from its website front page), Speak Asia Brochure

Thanks

Nihit Dalmia

nihit.speakasia@gmail.com