future of network marketing

Everyone must have come to know about the relief which honorable Supreme Court of India has given to SAOL and its 20 Lakh panelist. This and the coming judgement in this high profile case is going to be a landmark in the history of Network Marketing in India. we thought of publishing an article on the potential and future of Network Marketing in our country. 
 Network Marketing is not some fad but a scientific, organized, proven way of doing business worldwide.  
Some of the facts about Network Marketing :

•  Started in 1941 in USA and has evolved into an industry world over.
•  Network Marketing is well entrenched in over 80 countries.
•  Many NM companies exhibit rapid growth in Annual Turnover [20% to 300%].
•  As per Indian Direct Selling Association (IDSA), at INR 4,120 crores (US$915 million) for FY09–10, the industry displayed a robust 24% growth over the previous year (2009) Major players in the market believe that India, with its large population and increasing per capita income, presents an attractive opportunity for companies to expand their footprint. more than INR409 crores (US$90 million) paid as taxes in year 2009-10.

Following are the new trends in the direct selling business :  

• Micro trends: (a) Recruitment will increase rapidly since current demand is to increase the earning capacity; (b) All member companies are launching new products this year; (c) All companies are expanding going to have new distribution centres to reach their customers quickly and the focus would be rural India. 
• Macro trends: Legitimization, authenticity, range of products, prevention of fly by night operators, growing support from the Indian and global Industry at large and requisite attention from the Government and policy makers.    Qualifications of a successful
• Networker:  Although the Network Marketing does not require any specific qualification, successful Networkers are known to have exceptional: Selling skills Presentation skills Motivation skills Leadership skills A basic understanding of finance  However, two key factors critical for success are: Focus, commitment and hard work Faith in the direct selling profession and the industry.  Friends ! after the honorable Supreme Court gives a go ahead in the SAOL case the business is going to blast. Now its the time to go back to your respective network teams and gear up for the business restart. We wish all Speak Asians very bright financial future. 

 Proud to be Speak Asian ! 

Open Letter to Mr. Mateen Hafeez

Date: 24th October, 2011 


Dear Mr. Hafeez,


I address you on behalf of the entire Speakasian Family in the capacity of the Secretary of All India Speakasia Panelist Association.
I wish to draw your kind attention to my earlier letter regarding your report “MBA grad lost Rs. 14cr to SpeakAsia” appeared in the TOI dated 9th August, 2011. I think you may have been busy cooking up unbiased stories, especially against Speakasia, and for this precise reason you may have not replied to the above mentioned letter.
Mr. Hafeez where may I ask are the over 100 complaints that you had mentioned in the said article and where is your imaginary MBA grad Mr. Sharad Yadav who had lost the whopping 14 crores. Come on Mr. Hafeez stop fooling around and get serious, you are playing around with careers of 20 lakh people. 
I had drawn your kind attention to the fact that your said impugned report dated 9th August was an outcome of lazy Journalism and your report was a body of misinformation. I had ended my said letter as follows “I hope to read more enlightened and researched news reports from you in the future”.
Mr. Hafeez you have dashed my hopes and I now reach a conclusion that persons like you of low gravitas do not want to change. You epitomize the face of corrupt journalism. It is abundantly clear Sir, that you are motivated and absolutely biased against the company Speakasia online.
Allow me to explain my thought Process as under:
1. Is it your secret desire to be a JUDGE and it seems you have been forced to take up a career in Journalism. I think you secretly dream of being called Hon. Justice Mr. Hafeez. My advice to you is to stop dreaming such eventualities, as the basic prerequisite to becoming a Judge is to have basic intelligence and integrity and sorry to say you seem to be lacking on both counts. 
Mr. Hafeez now that we have established that you are not qualified to become a Judge I urge you to stop passing Judgment like you have done in your report of 24th October, 2011 when you caption your mischievous article “Fraud firm COO disappears while on bail”.
Mr. Hafeez you seem eager to do everything else except do your basic duties of Journalism, You are an overzealous investigator, very cunning prosecutor, and a very sick judge.
2. You start by saying that “Tarak Bajpai has disappeared and we don’t know where he is” said an officer. You are silent in saying officer from which agency, I am sure it cannot be an officer from the EOW as they will not make such wrong comments. I hope you have not been talking to the officer of your office canteen, as corrupt journalists like you are known to while away their time drinking cutting chai. I hope this officer is not once again a product of your hallucinating mind like the fictional MBA Grad Mr. Sharad Yadav (see para 3 above).
1. In para 4 of your impugned report you go on to say “Company’s defunct website” as if to say that the company has closed down the website. Hon. Justice Hafeez sahib [sic] 
Mr. Hafeez the website is not defunct by choice it is defunct because the admin rights are with EOW and the website will be fully operational as soon as EOW returns the website to the company. 
2. It now seems that you are not only misinformed you are actually handicapped especially when it comes to figures. This was also evident from your earlier report of the 9th August referred above and now when you say that the matter could run into 14000 crores. Under no stretch of imagination this could result in those numbers. My niece in 5th standard can calculate that 20lakh X Rs. 11000/- does not become 14,000 Crores. I am now quite sure Judge Sahib that you are not only corrupt, you are also a lazy Journalist who can be easily motivated against anybody, and now it seems you use the outdated abacus for calculations, Sir buy a calculator.
3. Wow, you simply amuse me Hafeezji, ‘kya kamal ka dimag paya hai aapne’ now where you got this news that the head office was in Mumbai and not in Singapore. Mr. Hafeezji you seem to forget that initially you were reporting that this company has no office in India and there was no PE, then you in today’s report say that more than 1000 Crores were siphoned off to Singapore then you suddenly come up with this piece of news that SAOL has its head office in Mumbai.
Come on judge sahib make up your mind.
4. Hafeezji, you end your misleading article by saying that Red Corner Notices have been issued against seven officials. May I ask you sir, who are the seven officials? Or once again these seven officials are the fictional characters in your now confirmed sick and hallucinating mind. 
Mr. Hafeez please get your facts right. The bail condition was that all the concerned persons had to attend the EOW office every Monday and Thursday. While Mr. Tarakji was in the hospital the advocates filed for exemption from personal appearance on Medical grounds as Mr. Tarakji is recuperating and is advised complete bed rest. The advocates are filing regular applications for exemption of personal appearance. This, under no circumstances, tantamounts to jumping bail or absconding without trace. Mr. Hafeez sahib, please get your facts verified before reporting. Oh I am sorry I am asking you to work we know by now you report based on hallucinations.
I have again and again demonstrated above that you Mr. Hafeez have an over fertile, hallucinating and a sick mind. You have a tendency to cook up fictional characters and you seem to suffer from short term memory loss. You Mr. Hafeez are a person of very low gravitas. I on behalf of the entire 20 lakh Speakasian Panelists place my severest objection to your falsified news.
I sincerely hope that the company SAOL takes attention of your malicious campaign against the company and moves the appropriate legal forum as they may be advised.
I am keeping a copy of this letter which I will use to lodge my protest and complain against you in whatever forum I am advised by the counsel of the Association.


Warm Regards,
Ashok Bahirwani
Secretary
Aispa

CM Nitish Kumar's say on Economic offences..

Blog Updates-18th Oct-SpeakAsia

October 18th,2011.


Dear Panelist,
The Honourable Justice Dalveer Bhandari of the Supreme Court strongly reprimanded the Ministry of Finance and the Reserve Bank of India, for not having filled the reply affidavit, to the written petition filed by the panellists of Speak Asia. Ministry of Finance and the Reserve Bank of India were supposed to file their reply on or before the 10th October 2011. Justice Dalveer Bhandari has asked Additional Solicitor general Kitit N. Rawal to ensure that both the respondents should file their affidavit before the next hearing. He also said that the casual attitude of the Government in this issue was very disturbing as it was the issue of the money and livelihood of so many people. 
Disposing before the bench of Justice Dalveer Bhandari and Justice Deepak Varma, Gopal Subramanian, senior council for Speak Asia explained the total business model of the company. He compared the business of Speak Asia to that of Ebay, where the consumer benefits most. He said this was a much better and refined version as the consumers not only got great deals but could also earn reward points that could be used to buy goods and services. He also emphasised on the training initiatives taken by the company. He lauded the extraordinary vision of the two Singapore based entrepreneurs and the unfortunate victimisation of the company
He urged the court to form a committee headed by Retd. Chief Justice R.C Lahoti, to facilitate the payments to be made to the panellists. He said that the company has the resources to complete all their obligations. He further added that the they have no problems with the ongoing investigations and had upmost faith in the law of the land.  He also appraised the court on how the company has been harassed on the basis of some unsubstantiated media reports, and was pursuing legitimate business in the internet space which is the future of all business transactions
The council for the panellist Mr.Mukul Rohitgi urged the court for immediate relief for the panellist. The Supreme Court was most inclined to set up a committee to look into all the issues of the company and its panaellists
The Supreme Court has also instructed the CBDT and the EOW – Mumbai police who have the records of all the payments to be made party to the case, to be present for the next hearing which will be in the next two weeks.
This is wonderful news for all Speak Asians, as they see a ray of hope not only in being able to receive the money that they have earned but also to continue to work and grow with Speak Asia but on the other hand we would also request you all not to trust any rumor or any fake document as there has been fake documents  circulating on the internet with fake stamp and sign of our chairperson.All official communication coming from SAOL will be on our official blogspot site which is
www.speakasiaonlinemarketing.blogspot.com and all the official e-mails will come from our following official e-mail id’s-
corcom@speakasiamarketing.com
marcom@speakasiamarketing.com 




Regards,
SpeakAsia Corporate Marketing Team.