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Business Opportunity Scams and how to avoid them.
The internet is an information powerhouse with a worldwide audience anyone can access. It provides businesses small and large equal access to millions of potential clients. The internet has changed the way businesses find clients, market products, and sell merchandise. Consumers can find vendors across the country with a click of a mouse, and research their product with a just a few more clicks. The deregulated process that created the greatest aspects of the internet also created its darker side.
The darker side of the net consists of faceless, nameless people taking advantage of peoples weaknesses’. These scam artists take advantage of people’s greed, ignorance, or even a simple technical mistake. Once they see an opening they will pounce on it, and say or do anything to get what they want. There victims tend to include stay at home moms, the elderly, and people in real need of extra income. Our goal is to make you aware of the common mistakes victims fall prey to online.
Business Opportunity Scams
If you’re an entrepreneur scouring the net for more information about starting a small business, then there are a couple of things you need to pay attention to. You’ll find countless sites on the net promising the opportunity to make thousands, or even millions of dollars quicker than you could imagine. How do you get this kind of top secret information? Well, usually it requires a small fee, or that your purchase some kind of startup system, book, or kit. Well I’m here to tell you there is no such thing as a free lunch, and even if there is a real testimonial of someone who made millions off that particular system, chances are that it’s a rarity, and you shouldn’t expect similar results. Here is a couple of things to look out for when deal with business opportunity scams.
1. I have never been able to find a legitimate “work from home system.” Some of these scams include envelope stuffers, internet researchers, and other bizarre titles. I often times wonder why people would ever believe stuffing envelopes could be profitable. Technology has come a long way, and chances are your envelopes are being stuffed by an automated system, so don’t fall victim to these types of schemes.
2. Websites that claim with a small fee you can have a website selling there products at huge discounted rates. Most of the time it’s products you don’t have to buy to sell them. It works like this: they will basically setup a mini site selling there products on your “mini site” mean time they offer you a percentage of the sales. Sounds great right? Wrong. 99% of the time you will have to pay them for this mini site that they are going to advertise on. I could see why this business is very lucrative for the ones selling it but buyers beware.
3. “Network Marketing” is just a fancy term for pyramid scheme. If a system involves you spending money, and in order to make more money you have to convince others to spend money than you have a pyramid scheme. You’ll notice many of these programs will spend a lot of time trying to convince that it’s not a pyramid scheme. They will make a point of telling you this, and try to compare how they are different but in the end the result is almost always the same. These types of scams can be incredibly painful because, most people try to enlist friends, and family members to make money. Even if there intentions were good originally social turmoil can irrupt from a financial deal gone bad.
If you’re looking for a business opportunity with real potential growth I have some good news for you. It is possible, and people do it every single day but, it’s going to take a lot of hard work. Small business owners across America do it everyday, and they all started where you are starting right now, at the bottom. If you’re looking for online resources take a look at the small business administration for advice. Browse major business magazine articles on the web, and only take the advice of trusted sources. George S May International has a whole directory of online advice in many different industries free of charge. Just remember the old saying “If it sounds too good to be true it probably is.”
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Oh, let’s not forget the best scam of them all…the Nigerian letter. Can you believe that, I actually know someone who got caught in this web? He gave them his bank account number, and they proceeded to clean him out.
Speaking of the Nigerian letter scam theres a new one out there very similar to it. They will actually send you checks for thousands of dollars if you agree to wire back a small portion of it. You would be very surprised how many people fall for this trick. My girlfriend works for a check cashing business, and she gets a few people a week trying to cash these checks. If you someone manage to get a bank to cash it, your in for a big surprise within a few days. They use stolen checks, and if you fall for it not only do you owe the money deposited but you also owe whatever you sent overseas. And to top it all of you can be arrested for bank fraud.
It always suprises me to hear of people falling for stuff like this. I guess that’s why these things still exist. These guys must know the odds.
If you want to learn more go to http://www.scambusters.com there you’ll find much info about internet scams and other tips on how to protect yourself from identity theft.
Please do your due diligence – NOT all network marketing companies are created equal. There are some legitimate companies providing exceptional income to real people. Now, let’s take a look at the insurance industry and Corporate America! Now there’s a real scam and a pyramid at that. Network marketing might just be the ticket to getting our economy out of the crapper! So before you blast all networking marketing companies, I suggest you do your homework. If you would like more information, let me know.
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