Online Business Opportunities: 4 Signs of a Scam

Online Business Opportunities: 4 Signs  of a Scam

Are you thinking about a career change and looking to technology as a guide? Do you want to be part of the top 1% when it comes to steady incomes?  Transitioning to an online business is not a bad idea, by any means, but there are some things you need to know first.  Through technology, namely the Internet, we now have endless possibilities to be able to work from home and also make a decent living.  However, how do you know when something is worth your time or a complete scam?

Is an Online Business Right For You?

It’s important not to let your guard down as you search for new business opportunities.  You have to do your due diligence by researching any offer that presents itself.  If there are claims being made, do a deep dive and find out if these claims are accurate.  You will likely find offers that sound too good to be true, and, rightfully, you will be skeptical.

Try not to accept everything immediately as you read/hear it.  Always know that there will be a cost, and that nothing is absolutely free when it comes to business ops. Often, there are start-up or investment costs that are left to the small print or subtitles of a presentation.  Be on the look out for these, but don’t let them deter you before you have a chance to investigate. I can’t think of a single business that doesn’t involve some sort of money up front, which is why a phrase like, “It won’t cost you a cent!” is alarming.

Scam or legit? Things to look for when searching for business ops:

-Claims of “easy” or “overnight” success.  If the business in question is making “easy” money “overnight” why do they need (or want) more people involved who could jeopardize their stream of income?  Remember, if it is something that is so “easy” why don’t you already know about it?  If it is truly “easy” more people would be doing it and it would be well-known.  Most business opportunities are out there because they are hard work and it turns out that hard work isn’t for everyone, or, dare I say, most people. That is why scammers use easy language to prey on those who are looking for fast money with little to no work. Sorry to break it to you, but not very many things in life work that way!    

-Ambiguous descriptions.  If after reading am online business offer you still don’t know exactly what it’s all about, chances are the developer doesn’t know either, and is trying to pull one over on you.  Legitimate companies truly want you to know all the ins and outs.  If they have pride in what they propose, they will make it clear.  Take Entre Institute, for example.  The owner/creator is more than transparent when it comes to the who, what, why and how of his business.  There’s no sugarcoating and you find out, up front, that it will be hard work and will cost a bit of money at the start.  

Confusing pathway to earning money.  If you can’t figure out how a company is making money, is it really making any money?  Are they just profiting off poor souls who believe their offer is real or do they have legitimate resources and products to sell? Again, do your research, but if it’s a legitimate offer, the answer should be easy to find.  You want to see real people and real results, right?  Check out reviews, then do a deeper dive on those who wrote the reviews. 

The location of the people offering the opportunity is unclear.  While it’s true that online business options pop up all over the world, and this cool little thing called the Internet can connect people in different hemispheres, you should tread lightly if you find that a biz op stems from a foreign country.  First off, there could be a language barrier that might make some of the details murky.  Not to mention, the sheer distance that could complicate things if it does turn out to be a scam.  Entre Institute, an example I turn to often, is based in Utah.  The owner/creator, Jeff Lerner, is very open with the ins and outs of his business.  Finding someone who you can trust is a big deal when it comes to business opportunities.  

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Don’t fall for a scam: Research your online business op…

Have you scoured the Internet in search of online business opportunities?  Did you find a fair amount, only to realize that they’re scams, cleverly disguised as legitimate offers?   It doesn’t help that the few prospects that are not scams tend to leave out the part that divulges what your risk in pursing might be.  While it’s inevitable that a risk will be taken when starting anything new in business, it’s always nice to know what those risks might be and how to determine if it’s the right move for you.