Wed 21 May 2008
3 Warning Signs of an Online Business Scam
If you have just started your online business and are looking out for ways to increase your profits, then be aware that there are many people out there in the virtual world just waiting to scam you out of your money.
The difficult part is that you will probably not be able to identify your online mugger, let alone capture him or her.
Given below are 3 warning signs that could signal an online business scam.
1. Make Ridiculous Profits in a Single Day
There are no legitimate businesses out there that will enable you to make thousands or dollars in a single day - unless you are in the business of printing counterfeit money.
So stay away from any schemes that promise just that. You’ll probably end up wasting not only your time, but also your hard-earned money.
2. Sites That Have No Specific Details
There are many websites offering different avenues to make money. But most of them have only their email addresses on them.
Stay away from websites that don’t include their full brick-and-mortar address, contact number and genuine company history.
It is very easy for a business to close their online shop and vanish without a trace with your cash in hand.
3. Testimonials That You Cannot Cross-Check
Many sites give testimonials of various people or companies praising their products and services, but with no details of those individuals.
If a business does not give out contact numbers and addresses of such people, then there is no way for you to cross-check those testimonials, and you should assume that they are fake.
Keep an eye out for the above 3 warning signs. They could indicate that an online business opportunity that promises you a lot is actually a scam.