You have been warned!
I am concerned for those who are putting their hard earned savings into dubious schemes and money games that promise high returns or large sums of money for little effort! And it seems that many people have fallen for such scams and get-rick-quick schemes!
A common scam on the Internet is sending an email telling you a good story and promising to transfer to you millions of dollars if you are so kind to provide him your bank account number for the transfer!
And when you are gullible or greedy enough to respond, the next thing they will do is to ask you for a "small sum" of administration fee which can be a few thousands of dollars or more! And when you have given them a few thousand dollars, they will ask for more money! They understand the "power of greed" and when someone has bitten their bait, they will try to get as much out of him as possible!
Aren't you tired of the hype of making tons of money with little effort?
Aren't you tired of get-rich-quick schemes that claim they can pay you so much more than well established financial institutions?
Be careful of a very common con-artist strategy:
In their first year they will pay out generously to the first batch of people who participated in the get-rich-quick scheme to win their heart and confidence. The first batch of participants will become the company's best promoters!
In their second year will be "pay day" when the company rakes in millions of dollars!
In their third year the con artists will find a good reason to close the company so that they can grab the millions of dollars they have collected in their second year and run!!!
Do your due diligence and check these factors:
Does the management team has high integrity and credibility? Is the system proven and tested for at least five years? Is the compensation plan fair and balanced or look like a money game? Are there genuine products and services offered that will benefit others? What is the amount of paid-up capital of the company and who are the directors?
Usually these get-rich-quick schemes will discourage you from taking out your money and encourage you to put in more money!
They will make it difficult or have disincentives to discourage you from taking out your profits and offer you very attractive incentives to encourage you to invest more money!
Do your due diligence and if you think it is a scam, it is only wise to seek advice from a few successful people whom you respect for their wisdom and integrity. If all of them tell you they smell a rat, most probably it is a rat!
Hope the above information will help prevent some people from being victims of scams and get-rich-quick schemes!
If you find the above information helpful, share it with your loved ones and friends.
About the Author
Bruce Seah, Business Owner, Marketing Consultant, Author and Asia No.1 Home-Based Business Coach. Bruce loves to help people make money offline and online to achieve their dreams. For more information on an exciting network marketing business that leverage on the power of the Internet, go to: http://www.home-based-business.isagenix.com Feel free to share this article at your website, ezine or email as long as you include the author's name and website.
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