Apart from death and taxes, there’s another certainty – if you have money, there’s someone who wants to take it away from you! Fraudsters never take a vacation. Staying alert and keeping your wits about you is important if you want to stay safe.
On-line money schemes have been around for a while now and most of them are avatars of real world scams that have been used to trick people for hundreds of years. Their on-line presence just makes them a little more sophisticated and harder to detect.
Online Money Schemes
Get-rich-quick formulas tap into one of the most fundamental weaknesses that we all have – to get something for nothing! Moving up swiftly in the social ladder, travel, aspirations, realization of long-held wishes, buying property and assets, gifting to friends and family, securing our children’s future are some of the reasons why we want the money TODAY.
They usually have interesting, catchy titles, lots of testimonials from those who have allegedly made millions, heavy promotions, seminars and conventions, training programs and classes for participants and highly-persuasive motivational speakers. In general, they promise:
- You’ll get rich fast
- That it’s very easy, requires minimal effort on your part
- Joining early will give you maximum benefits
- You get complete support from other users and the organizers
- Products are unique, innovative, revolutionary
- There are secret formulas that only this organization can share with you
- Hundreds/Thousands of people have benefited
Though they may not be outright illegal, these schemes may not deliver all that they promise. They’re usually the “bait-and-switch” variety, which means they initially pull the unwary in with a bait and then switch to a different mode.
Stay Away From These or Anything That Resembles Them:
- Freebies: Anything that promises free money or free products can’t be for real. There’s sure to be something that you have to give in return. It could be personal data, private information that belongs to you, your family and friends, or it could be something that induces you to buy other products if you want to avail of the freebie.
- E-mail scams: Anyone would be over the moon when they open their mailbox to find that they’ve won ten million dollars. These and other mail fraudsters have been in existence for ages, but we’re still so gullible that we trustingly post them the $100 processing fee that they politely request! They may have attractive photos of winners, offer sign-up bonuses or no method of really contacting them.
- Coupons/Vouchers/Great Deals: They could be viruses, phishing sites or just plain fraudulent. If you don’t have enough information about the company and its promoters, street address, land-line phone number and registration details, forget it.
- MLM and Pyramid Schemes: While there are many genuine multi level marketing and pyramid schemes where you can earn money through networking, hard work and sales, there are plenty of fake ones too. If they’re promising super-high incomes earned in a very short time, they’re probably fake.
- Membership focused, Over-persuasive tactics: If there’s a hefty registration fee, unspecified processing fees, charges for postage and the company seems over-eager to rope you in, it’s wiser to take your time, research and analyze before joining.
- Charitable Giving: This kind of scam really taps into our better nature. You could get a mail claiming to be from a well-known charity, saying you’ve won their annual sweepstakes. Or you could be asked to donate to a fake bank account.
- Fear and Intimidation: These scams can scare you into parting with money. They may claim to be from tax departments, vigilance cells, IRS, or that letters sent to you were returned as “undelivered.” They warn you against talking to your accountant or tax-attorney.
- Paying For Jobs: If you’re asked to pay upfront to join, avail of the services or get the job, it’s a sure fake. If you’re being asked to pay just for the training, with a job prospect at the end of it, that’s another scam. Freelance job-sites that take a processing fee, a cut on payments are other no-no’s.
- Work-from-home/On-line trading: These seem legit and credible, but you still need to research them.
- Investment tips and tricks: Stock-exchange secrets, wiring funds on behalf of someone else, high-yield trading, Google profits need to be investigated and vouched-for by trusted experts before you sign up.
Trust your instincts and protect yourself from being defrauded of your time and money with on-line money-making scams. There’s no such thing as a free lunch – hard work is the key to earning profits. Don’t let anyone tell you otherwise.
==> 4 Essential Must-Haves That Every Affiliate Marketing Program Needs
This post may contain affiliate links. Please read my disclosure for more info. I do get a small referral if you buy via my links – that´s why all informations are free for you on my website.