India is becoming a Digital Economy, with the abolition of old currency notes of Rs 500 and Rs 1000 citizens have no option but to make payments through digital wallets and online money transfers. While the digital services like online bill payment and e-commerce are growing at a fast pace, many new companies are releasing products for work from home moms, retired executives and students. It has become difficult to review which company is genuine and which scheme is a scam.
The new companies are trying to cash in on the publicity generated by the Digital India program launched in 2014. One such new company that has got a lot of customers queuing to sign up on their website is Ablaze Info Solutions which is the owner of the Social Trade.biz website. The company which is based in Ghaziabad has thousands of customers all across India. In this blog post, we will review whether Social Trade is a real opportunity to work from home. In the last few years, many such new online opportunities have emerged, one of them is the Digital Profit Course that we reviewed earlier this year.
The digitization of offline services means you can easily earn money from websites while sitting in the comfort of your home because your earnings will be automatically transferred to your bank account electronically. Nowadays you can work from any Indian city like Delhi, Agra, Mumbai, or Bangalore for clients based in the United States, Europe, and China who will pay you in dollars.
Review of Ablaze Info / Social Trade .biz
There is no information about Ablaze info on Wikipedia or the Internet, the only information available about them is on their website. The company operates through its website at www.ablazeis.com which has listed a Noida address as their office location. The website states that you can contact them at the following address: F-472, 2nd Floor, Noida – 201301, Uttar Pradesh. You can also view their office on Google maps by searching for the company name.
The company was started in 2010 and counts two individuals Anubhav Mittal and Ayushi Agarwal as directors. I found this information on the Ministry of Corporate Affairs Website. The MCA portal also shows that the company has its registered office in Delhi. It is a very small software services provider company with a paid-up capital of only Rs 1 Lakh. This means the owners of the company invested just Rs 1 Lakh to set up the company. What I find strange is that a company with so little money is able to charge up to Rs 50,000 for its products.
Now let’s Evaluate Their Product – Social Trade
They have four different plans called Social Trade Plans : STP-10, STP-20, STP-50 and STP 100 which will cost you Rs 5, 725, Rs 11,450, Rs 28,625 and Rs 57,250. When you glance at their plans, the first thing you wonder is why is it so expensive when you are supposed to do the work? The concept of paying in advance to get online work sounds fishy and this looks like an online scam that is best avoided, but for the sake of our readers, we will evaluate it further.
The socialtrade.biz website further states that once you make the payment by bank transfer for any one of the four packages you will receive links for working and once you click on those links you will be paid Rs 5 per click. Depending on your plan you can earn anything from Rs 100 to Rs 650 per day. Take a look at the complete details of the different plans offered by Social Trade .biz below.
So all you need to do is click on links to view a website and you will get paid. This sounds silly, why will anybody pay you money to visit their website? How will it benefit the website owner and what are these websites about? There are many dishonest companies that offer fake website visitors to webmasters so that they can claim their website is popular when it is in fact all paid traffic.
They also claim that the payment will be done within 1-2 days after you click on the links and it will be credited to your bank account by NEFT Transfers. There are many people who claim that they have received regular payments. You will need to provide Bank account details along with your PAN Card to receive payments.
This is clearly a multi-level marketing (MLM) scheme for making money online. How MLM schemes work is that those who joined early make the most money while those who join last lose their entire money. Those who joined in April / May 2016 have earned more than what they have invested because the company has used fees collected by new registrants to pay them. But what about those who sign up in 2017, will they ever recover their money?
The answer is an emphatic NO because the latest news about social trade that I have received is that some investors have complained to the Ministry of Corporate Affairs and in a few months it will the meet same fate as that of Ringing Bells. Yes, remember Ringing Bells the company that promised to sell you a mobile phone for Rs 251 last year has now shut shop and its top management has resigned from the company.
If you are an investor in social trade and want to complain against their schemes you can visit consumerhelpline.gov.in or call them on the toll-free helpline at 1800-11-4000. Do not be disheartened by fake online work companies like Social Trade. Leave a comment on this article with your email address and I shall send you genuine opportunities to earn cash from the Internet.