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Weeding Out The Money Making Schemes

Money making schemes have been around as long as money itself. As long as people search out a way to make a better life for themselves, there will be other people willing to take advantage of that fact. Preying on greed, fear and a desire for more, these people constantly reel in the unsuspecting and take them for what may well be the last bit of reserves they have. The worse the economy is doing, the more money these thieves will make, because there is more of a need for the innocent to get themselves out of the hole. These money making schemes take various forms. The internet has made it easier and easier to find victims and even easier to get their money. One of the major loopholes in today’s society that allows simple theft is the ability to receive funds through a wire service, sometimes without even needing to present an ID. This gives the predator near complete anonymity when stealing. Even when the perpetrator of a scheme is not directly breaking the law, there are many times when they are completely taking advantage of the unsuspecting people. These money making schemes vary from selling kits or information that promises to make someone thousands of dollars in a short period of time, to more elaborate schemes that use the victim to do the work that their “boss” should be doing, thereby earning a healthy profit for someone and a small pittance for those actually putting forth the effort. One easy question to ask when looking at a possible money making scheme is why is someone selling this information and not using it themselves to make a huge profit. If a person has a method to make ten thousand dollars a week doing very little work, then why are they instead selling you a kit that promises to do the same? You can even try asking this question to the seller if they are indeed available to answer questions. Also, a clear indication that you are dealing with a money making scheme is the absence of a product. There may be an actual product, but rather than encouraging you to sell that product, the seller instead tells you to find more people to place under you to do the selling for you. Of course, once you have gathered these recruits under yourself, you are then told to have them do the same and recruit more people. Often the only time that a product is sold is when you sign up to be an employee you are asked to purchase a certain quantity of product. One key concept to recognizing a money making scheme is the old standby, if it looks too good to be true then it probably is. These words are older than the schemes out there at this time. Remember, it does not cost money to be employed, never pay to be part of a company. Also, Google is your friend. Many late nights I have looked at the TV, at some infomercial and immediately went to Google, only to find page after page warning about the same product or service.

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Friday, July 8th, 2011 Money Making Schemes 3 Comments

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