To Good to be True
If there’s one thing that’s true, apart from death and taxes, it is the fact that money doesn’t grow on trees.
And since it doesn’t grow on trees, it’s highly unlikely for someone to offer it to you for next to no efforts. If someone is doing so, it’s a good sign that you are being taken for a ride.
Pay Upfront Cash
The hallmark of an online scam is their propensity to ask you to deposit upfront money to their account.
If you are being pestered to deposit ‘fees’, it is more than likely that you are being lured into either a ponzi scheme or an outright scam.
Nature of the Product is Unclear
If you are being sold the idea of being part of a network which promises great income, but the focus happens to be more on sales than on the utility of the product itself, it is likely to be a scam.
Being Asked to Wire Money
If you are being asked to deposit money in a way which makes it impossible to recover it, or trace the recipient, that is reason enough to be suspicious.
Never wire money upfront via any of the money transfer services.
‘Buy Now’ Scams
Very often, you will come across landing pages which claim to be ‘limited time offers’ which will vanish in 24 hours, unless you pay them what they ask and buy their product, which, more often than not, is likely to be a PDF report of no practical value.
Such scams work purely based on the artificial scarcity they create in the minds of people about the availability of the product they are selling.
Also known as pyramid schemes. These scams work by telling people to get others to signup to a scheme by creating a multi level labrynth of sellers, whose sole job is to add more members.
Since the pyramid is not backed by a real product, it is bound to collapse under its own weight when it reaches a point where the members get saturated but there are no revenues to pay them commissions. Such schemes are illegal in many countries.
This is a type of scam where you are asked to surf low quality websites, in exchange for nominal amounts of money being paid to you for surfing them.
Since this kind of activity does not generate any kind of real economic value and only helps in generating fake impressions and traffic for the owner of the websites you surf, it not just pays less, but is also borderline unethical.
If you are being sold the idea of making money online by a person who is used to sharing pictures of them living a lavish life, it is more than likely that you are being lured in by use of social proof to part with your hard earned money, which you normally wouldn’t have done.
The common thread which binds all scams is that they all have an aggressive marketing strategy with bold fonts, because the goal of a scammer is to make the first sale.
Since they don’t have to follow it up with any results, they tend to make unreasonable claims and promise a lot of money in a small amount of time.
If you have any questions or comments please ask and I will get back to you. Thank you for visiting and you are very welcome to return again.