The last thing you want to do is start with a business and lose money.
Losing money online is NOT a good feeling and something that I know I will never do
again. You see, as you gain experience in this industry you start to identify what
programs are highly risky and what ones make sense. Today we are going to discuss
ways you can avoid these risky types of businesses and how to find ones that are
worth your time .The KEY is to understand and identify what makes a business simply a
Ponzi/pyramid scheme. Pyramid schemes are the fastest way to lose money online so
learning how do we quickly identify them is crutial
So how do we protect ourselves...? What do we look out for?
Step 1: Identify their product
Any business that we are involving ourselves in MUST have a real product.
This is FUNDIMENTAL
Not just some NEW online advertising product. Not the best NEW App that is going to
revolutionize the world... Not the next social network that is going to be bigger then
facebook... Sure, who am I to say that they won't exceed all expectations... Perhaps they
will be the biggest thing since sliced bread but I think most people will agree you are
being asked to "invest" in a concept that hasn't yet`proven itself and that makes it very
risky... While sometimes these concepts will offer a great opportunity, in most cases.... Its
simply great marketing without real substance. I am sure many of you have seen all of
...education or even opportunity ( affiliate franchise) but it must have value..
Something that is worth the money you are spending. If your package or account
funding is simply a cost of "getting in" and/or tiered so that the higher the deposit the
higher percentage return... Be very wary of that.
Step3: Method of payment
The method of payment can also be a strong indicator. We want to be able to pay
directly with your credit card. A business that allows you to pay DIRECTLY with your card
can indicate compliance with their business model. Often (not all) companies use
payment processors to separate themselves from the purchase and in turn the legality,
refunds etc associated with selling any "product" online. If you think about almost all
online shopping, you can almost always pay directly using your Credit Card. It is no
different when starting an online business... If they have a REAL product to sell then you
should be able to use your card to purchase. This also offers better buyer protection
I am NOT trying to discount all online businesses... Quite the opposite..
When joining a business ask yourself, Is it CLEAR where this income is generated?
It's one thing to receive affiliate commissions. Being paid a commission for bringing extra
business to the company is a completely legitimate income source... Many large well
known businesses do this. Creating an incentive to share their business with other people
is a great way to grow... I received an email recently from a leading Bank in Canada
offering $50 for any person that I introduced and created a new savings account... It's a
viable way to expand, even big banks are doing it however...If you are promised an
income for doing very little or nothing at all , you should be asking HOW the
passive income is achieved. Without a viable external income source, take the time to
think... How is this possible?
Find good stable businesses online, and you will succeed. Compliant companies with real
products and real income streams exist. They may take a little more time to grow your
income, but this is far better than involving yourself in the empty promises out there...
There are legitimate ways to earn an income from the internet... You just have to
search them out.
To your success
For my business pick, Click Here