How to recognize a scam?

How to recognize a scam?

How to recognize a scam?

People struggling with the day-to-day frustrations of their jobs want to believe in all the get-rich-quick hype that can be found all over the internet. Unfortunately, many people are so desperate to escape their jobs or earn some extra money that they quickly put their hard-earned money into some unscrupulous opportunities - and never see any returns from their investment.

There are legitimate money-making opportunities out there. Unfortunately, for every legitimate opportunity there are probably dozens of scams. Here are few pointers that should consider first before go on;

They tell you that you can be rich very quickly - This is should put you on alert! It its sounds too good to be true, it usually is.

You're told that you don't need to do any work - they do it all for you - You cannot be successful without putting in a lot of hard work.

The website is unprofessional and full of typos and grammatical errors - Shouldn't a legitimate company be able to afford to hire a good web designer and copywriter? On the flip side, just because a site looks professional doesn't mean it's legit.

You're told that anyone can make money - again, not true. A lot of opportunities use a great deal of hype to sign up and get a commission off you. But every job requires a different set of skills, and being told that anyone can get rich off their program is misleading.

You can't figure out how you make money - vague information should raise a few alarms in your head.  And if you have a nagging suspicion that you're getting paid to recruit people, beware. You might be getting yourself in a pyramid scheme - an illegal opportunity where the focus is on recruitment rather than on selling products.

You have to send money in order to find out what the opportunity is all about - hey, they want you to work for them, right? If you were looking for a traditional job, would you pay the company to tell you what type of work you'd be doing?

Telephone calls or email inquiries to them remain unanswered - if they don't want to talk to you there's probably a reason.

The company uses high-pressure sales tactics to get you to sign up right away - If the opportunity is legitimate, it will still be around tomorrow, next week, next month or next year. It won't disappear overnight.

Most people have had bad experiences with them - Join message boards on the internet or find others who have had some experience with an opportunity. Don't just believe from a testimonials provide by the company. Seek and look out your own. And if majority of people have had bad experiences with a company, one good experiences doesn't make it okay. Try to take a step back and look at the opportunity objectively.




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Francisco Colaysco's 10 Commandments on Personal Finance (Part 4)