Money Making Schemes

Nagesh answers:

Really, how can you even begin to believe those who say that they earn $3,500 a month, or $500 a month, or anything in between?

Would you jump into whatever scheme they claim just because of a few written words on an anonymous forum?

You would be far better off if you spent time looking for a job, or do chores for friends, family & neighbors.

But, to give you an answer to your question – I have been involved in surveys for about 2 years now. They “pay” in points which can be traded in for things like a screwdriver set, backpacks, and iPod speakers. Not much, but it’s legitimate. I have a socket wrench set that I got after almost 8 months of doing surveys, but it works well.

One thing for sure – you will NOT make the hundreds or thousands that the scammers claim.

Nagesh answers:

There is just no such thing as online jobs that you can do from home. These are all scams and the people that encourage you to do them and tell you how much money they have made, are all a part of the scam. The scam may be building a network of people, telemarketing, online sales, filling out surveys, gifting businesses, data entry, travel writing, transcription services or other similar ploys. Remember that data entry has been made obsolete by Optical Character Recognition (OCR) software which can read that characters in a document and translate those into text for you. Re-typing information is completely outdated and unneeded. Cut and paste jobs fall into the same category.

Multi-level marketing (also called network marketing) is a fine line away from an illegal pyramid scheme where the emphasis is on involving more people and not on selling products. If the emphasis is on building a marketing group but no product is being sold then that is a red flag. Also, if they are trying to get you to buy motivational materials, etc. Then you can cross them off too.

I honestly wished that there were options for home online employment. Recently I went out to one of the web sites that people will post here as an online jobs site and their web site tried to install malware on my computer. Fortunately my anti-malware program detected and stopped that. I often find that the same one company will have several web sites that all eventually refer you into the same company and other strange stuff like web addresses that are not descriptive of the actual company name.

Many of these ploys require some kind of up front registration fee. They are all designed to take your money or to take your personal information. With that information they can steal your personal identity and empty your bank account. I can’t think of any more diabolical scam than to give people, like single parents hope that they are going to make some money and then dash those hopes by giving them nothing but empty promises. Also, scamming single moms who are trying to keep their heads above water or teenagers who are trying to help their families or trying to earn a few dollars of spending money is about as low as you can go, in my book.

Your best bet is to look for legitimate jobs with known local companies. Some of those local companies will allow you to work as a virtual employee for a part or all of your hours but that is usually only after you have worked there for a while and proven yourself as a trusted employee.

Best Wishes!

Nagesh answers:

Hello most pyramids schemes generally have a products but the ones to watch out for don’t generally and actually maybe ripping you off and tell you of great fortunes and how easy it is etc. If a product is involved then normally its not called a pyramid scheme it’s a networking opportunity.
You join the network buy the product then promote the opportunity and then that person who you promoted to buys some products and also promotes the opportunity and someone joins under them, so that person is yours as well as theirs and you get a commission basically because you signed the person up who signed up the next person and so on down to sometimes depending which opportunity it is 10 levels down. I hope this helps.

Nagesh answers:

You don’t need to talk to anyone. Everything can be done by yourself.

First, I would recommend that you first read some books on investing and explore some online tutorials. One of my favorite sites is Investopedia ( http://www.investopedia.com/ ). You should definitely check them out.

Next, you will need a stock broker. Since you do not have a lot of money to play with, I would recommend that you open an account at an online discount brokerage firm for cheaper commission rates. I currently use Firstrade ( http://www.firstrade.com ) and I would definitely recommend them. Their commission rates are cheaper than big name brokers such as Etrade, Ameritrade, Schwab, and Scottrade. I would also not recommend using Zecco because they only give free trades if you deposit $2,000 or more. Plus, unlike Firstrade’s, their website is not beginner friendly at all.

Nagesh answers:

You can’t put Amazon store links in an article, you need a site to display the ads, I’m sure some of the free blog hosts tolerate this.

Hubpages has built in modules for Amazon ads, but have a revenue 60/40 split scheme (actually you get 60% of the clicks) unlike the 2 step, Article link to Site scheme, the ads are right on your article. THis might be the least complicated way to start.