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Scams

Unfortunately the Internet is a scammers paradise due to its’ unregulated and global nature. I am not going to try and list every sort of scam that is out there otherwise I will never finish writing this. Nor am I going to produce a list of scam sites as by their very nature they do not stay around long and updating such a list would become a full-time job in itself. What I will aim to do is provide an outline of some of the more popular scams which will hopefully enable you to identify them when you come across one and stop you from wasting your hard earned money.
Basically the scammers prey on peoples’ desire to make easy money. Let’s face it we would all like to make a ton of cash by doing little or no work, me included! The fact that it is so easy and cheap to set up a website makes the Internet the perfect place for scammers to operate and they are not restricted by location.
One simple rule for you to follow which will help you avoid being scammed is ‘If it looks too good to be true then it is almost certainly a scam’.

Posting links on Google

This one has been around for a while but is still as popular as ever with the scammers. Even Google say that these schemes are bogus. When you click on the ad you will be taken to a webpage that incorporates the logos of various news organisations, newspapers and TV programmes and headlines such as ‘ As seen on ….’. This is done purely to give it an air of authenticity. The organisations named have absolutely nothing to do with the site and their logos are being used illegally.

There then follows the usual claims of how a ‘single mom who recently lost her job’ is now earning hundreds of dollars every day just by spending a couple of hours each day posting links on Google, closely followed by a bunch of unverifiable testimonials. They then go on to say that for just one or two dollars they will let you in on the secret. This is how most people get hooked in, they think ‘Hey just 2 dollars that’s good. I can easily afford that’.

What then happens after you have given them your credit card details is that you will get access to some sort of members’ area and the so called details of how to make money by posting a few links each day. Once at this stage most people fail to read the terms and conditions in which in very small print they say that there will be a monthly subscription of $70 and the first payment will be due in seven days. Guess what? You won’t be able to find any way of contacting them directly through their website. There may be a postal address (any letter you send will of course take more than a week to reach them and get processed) or there may be a phone number to some call centre which, if you do call will almost certainly be some premium rate number and when you do get through the person you need to speak to will be in a meeting or otherwise unavailable and could you call back later. Either that or you will be kept on hold forever and a day. Either way the scammers will be making even more money out of you.

On top of all this you will also have to get in touch with your bank to cancel your credit card.

HYIP

High Yield Investment Program. Basically you are asked to invest in their scheme for a little as $10 and they will give you some ridiculous daily interest rate, sometimes as much as 3%. There will always be three or four investment bands. The more you invest the higher the interest rate. They will also often have statistics showing how many members they have, how much has been invested by them and how much they have earned. Some will even have a list of their highest investors (or rather a list of user names and amounts running into the thousands of dollars).

They will also frequently have restrictions on how long you have to invest your money with them before you get paid, 30, 90 even 180 days. Some will not even return your initial investment but will offer a higher interest rate instead.
Under their ‘About us’ or ‘FAQ’ sections they will usually claim to be registered and supervised with various US or EU regulators and government bodies.

Again this is all designed to give the site the appearance of being legitimate.

Forced matrix

I suppose that this could also be included in the HYIP category. Basically you are asked to pay a one off membership fee or sometimes a monthly subscription and some even offer you the option of buying multiple positions i.e. starting multiple matrices. You are then put into a matrix typically 2x10 i.e. level 1 = 2 people, level 2 = 4 people, level 3 = 8 people and so on to level 10 = 1012 people (2033 people in total plus you). Now the operators would have you believe that all you have to do is sit back and watch the money roll in without effort on your part. Many of them now even include a system of what is known as ‘spillover’ whereby once a matrix is full any new members are automatically assigned to another matrix which sounds great.

As with most scams the sites are rarely around for more than a few months and have all kinds of restrictions on payouts. One of the most popular is ‘Prelaunch’. Under the pretext of beta testing their site the scammers launch the site, recruit loads of members who dutifully pay their fees and recruit more members. Members see their account balance increase dramatically and of course try to recruit more members as this means more money for them. Low and behold when the official launch day comes, which can be three months or more from the site going live a small number of members are paid out and then come the excuses of there being problems with the payment processors and shortly after that the site disappears along with all the members’ money.

$39 to make $10k+ per month

One simple question you need to ask yourself here. If you had method/ system/ software that generated a 5 figure income every month would you sell it for $39? I know I wouldn’t. If such a thing was true it would be worth a fortune in its’ own right and would be priced accordingly. Let’s face it you wouldn’t sell a brand new Ferrari for $39 just because you already had one would you? Most of these schemes sell you a few training videos or an e-book containing information that is available for free, and as for the claims of making massive earnings very quickly don’t believe it. The only people making money out of these schemes are the people selling them.

As I said at the start: ‘If it looks too good to be true then it is almost certainly a scam.’ If you follow this simple mantra then hopefully you will not fall prey to the scammers. We all want to make money quickly and with the minimum amount of effort and as long as that is the case then the scammers of this world, both real and virtual, will find willing victims. Don’t be one of them.

It is possible to make money using the internet, just don’t expect it to happen overnight.  

 

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