What is the business structure for Speakasia Online? How is money distributed to panelist?

Speak Asia is creating a panel community of empowered consumers, which earns rewards points by participating in various companies activities ( e.g. -e-zine sales , surveys filling , product referrals / sales , advertising based surveys , self development training programs ) on the website, including for India market entry activities.

RP payouts happen when the panelist burns those earned reward points for purchase of products and services from the website. The company’s business model is to make profits from product and service sales after providing for the cost of servicing the reward points. Speak Asia gets research done ‘on’ and ‘for’ different companies, products and services; panelists earn reward points (RP) for participating with their valuable opinions in the surveys. Effective June- July 2011, advertisement based revenues will start where panelists earn reward points (RP) for watching the ads carefully and giving them feedback on the same.

Products are available with Speak Asia at special rates; panelists earn through saving on purchase or reselling of products. The Reward Points thus earned, are redeemed through consumption of product and services offered by the company .i.e. Panelists can book products ( such as mobile, LCD, white goods etc … aptly demonstrated in recent GenX bazaar at Goa where over 4,00,000 reward points were used by just 3,000 panelists for booking goods ) . They can also buy subscription codes for distribution. The left over reward points can be encased on request made on the website. All cash requests are processed through the bank and money is sent from Singapore to respective banks through TT.

No comments:

Related Posts Plugin for WordPress, Blogger...

Release of Company's website has brought a ray of hope to the panel members of getting there money back?

Are You satisfied with court's verdict on case of Hats Off Production V/S Spekasia?

Are you satisfied with the new website and the way products are being sold?

In how days you think speakasia will resume it's normal functioning?

will speakasia be able to regain its early image?

Do you think that StarNews is doing all this to promote there own survey group?