Monday 27 October 2008

How to Recognize An Internet Home Based Business Scam

There are some signals that you are dealing with a scam when it comes to making money online.  Don’t get stuck with a money making scam where you end up spending a ton of money and not making any.

 

The number one sign that you are dealing with a money making scam is having to pay to get started.  If you have to pay to get started making money, it is probably a scam.  There are pyramid schemes and investment scams all around the Internet that are designed to take your money. 

 

Any advertisements that say they will pay big money for just a few hours of work are scams.  The ads that charge you for gathering information are also scams that you should avoid.  These scams tend to either offer a direct fee or a number that you can call where you will be charged money.  If the business requires no experience necessary and promising a huge profit, this should be a red flag.  No one is going to pay a lot of money to someone who does not have any experience. The companies often have an immediate interest as well.

 

When a real business opportunity comes around you won’t have to pay out money to take advantage of it.  If you want to start up a home based business, you will need to find a niche that you are enthusiastic about and go with it.  There really are no get rich quick schemes that work.  Anything that is going to make money is going to take a lot of time and effort.  So build your own home based business from something that you enjoy doing.  Don’t waste time and money on scams.

 

The really bad news about being taken by a scam is that you will probably not be getting your money back.  However, you can help others from becoming victims of these scams by reporting the company to the Better Business Bureau.  While this will not get you  return on your money, it may help cut down on the amount of money making scams that are out there.

 

Another great thing that some job boards are now doing is highlighting the “non-traditional” jobs.  There are a number of work at home scam jobs that require an investment and do not produce much of a return.  However, because there can be some profit made from these jobs, they are not identified as complete scams.  Of course, making an investment of a couple thousand dollars and only making a couple hundred total from a “business” is not a profitable home based business.  Don’t waste your time with these “opportunities”.

 

If you want a home based business take the time to set one up.  Be prepared to spend money and identify a product or service that will bring in some income.  You will need to invest money and time and will not make a lot of money in the beginning.  However, if you take the time to build the business yourself you won’t have to worry that you are investing in a scam.  Working from home is a great thing but it is by no means an easy way out.  Keep in mind that the advertisements that you see online that ask for money are the way that scam artists make money.

 

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