Submitted by: Jack Ho
There are a whole lot of various business opportunities for you, as an online marketer, to get involved with in your spare time. While it can be quite easy to start an online business, unfortunately, many “opportunities” are scams that take your money and give nothing in return.
Before you decide to involve in any of these business opportunities, it is always a good idea to do your due diligence and do some research on it.
1) Nigerian Scam
Typical schemes begins with an unsolicited letter or e-mail from an “official” representing a foreign government or agency, many times the Nigerian government or it s military.
The letter or e-mail contains an urgent request for help in transferring millions of dollars from Nigeria to the victim’s personal bank account with the victim to receive a percentage of the funds in exchange for his or her assistance. The communication stresses a need for secrecy to prevent corrupt officials from seizing the money for themselves.
But as the scheme unfolds, the perpetrators relate various problems with transferring the money and ask the victim to provide up-front advance funds to cover transaction fees, taxes or bribes.
2) HYIP’s or High Yield Investment Programs
The scam artists prey on your lack of financial sophistication. They will convince you to just make one investment in a day trading system and you’ll get huge returns. Newsletters that purport to offer unbiased recommendations may suddenly tout the company as the latest “hot” stock. Messages in chat rooms and bulletin board postings may urge you to buy the stock quickly or to sell before the price goes down.
Unwitting investors then purchase the stock in droves, creating high demand and pumping up the price. But when the fraudsters behind the scheme sell their shares at the peak and stop hyping the stock, the price plummets, and investors lose their money.
3) MLM,Pyramid Schemes and Network Marketing
Some multilevel marketing plans are legitimate. However, others are illegal pyramid schemes. In pyramids, commissions are based on the number of distributors recruited. Most of the product sales are made to these distributors – not to consumers in general. The underlying goods and services, which vary from vitamins to car leases, serve only to make the schemes look legitimate.
Most pyramid schemes seem intent on exploiting people with limited means and limited knowledge of business such as individuals who have little experience in direct sales, distributorships, or franchise enterprises or who have limited money or credit with which to establish their own businesses.
Most of these scheme offer “free membership” but you have to pay for any advice.
They rely on widespread ignorance of basic mathematics. Participants are promised large rewards for putting up a certain amount of money and then recruiting the next level of members. But the schemes always collapse when no new distributors can be recruited. And when a plan collapses, most people — except perhaps those at the very top of the pyramid — lose their money, making many participants both victims and perpetrators.
The scam artists will tell you that create multiple streams of residual income starting today.They will provides a step by step guide to making money on the Internet. When you purchase their Package you will also receive over $1000 in bonus items which you can resell and keep all the profits.
4) Work from home
Do you really believe that you can sit at home, in your pyjamas and have money flowing into your bank account after working only a few hours per week?
Here the scam artists will tell you that in order to earn serious money from the internet you’ve to create multiple streams of residual income .They will provides a step by step guide to making money on the Internet. When you purchase their Package you will also receive over $1000 in bonus items which you can resell and keep all the profits.
But in reality, 99% of the time when you see the phase “multiple streams of residual income” …. what they’re really referring to is something much different ….”Multiple Streams of Expenses”.
The scam artists will bait you with “multiple streams of residual income” so you’ll keep joining program after program…. and before you know what’s happened your bank account is bleeding to death from “Multiple Streams of Expenses” as you try to keep everything you signed up for!
The strange fact is most people know these claims are fraudulent, and yet they still joining program after program recommended by the scam artists believing that they will be the ones that persevere and make money!
Conclusion
Lots of people make money on the Internet. Some people have become extremely wealthy operating a business on the Internet. BUT… they didn’t become successful by thinking the Internet could somehow magically send millions of dollars into their bank account just because they signed up for a program somewhere. Joining any non-researched program found on the Internet is a gamble as 98% of money making schemes available on the internet are frauds, so be very careful.
About the Author: This article was authored by Jack Ho, a “regular wage earner. He soon discovered the internet and was able to quit his 9-5 job because of his affiliate marketing business. His current focus is the Internet affiliate marketing as a work-at-home scheme. More details at:
easymoneymines.com
If you would like to read and learn more tips on avoiding Scams, here is my recommended link http://adtrack.trafficwave.net/t.pl/20302/103308
Source:
isnare.com
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