I’ve always been the kind of person to try to make money online from a spare room or a kitchen table. There’s just something about having a computer and the ability to learn something new that excites me!
If you’ve always dreamed of being able to make extra money from home, you’ve probably already tried a few ways to make money online. Maybe you’ve tried selling your photos on stock photography websites or signed up to be a virtual assistant for some famous person. Or, you could always try making money through a gig economy platform like Uber or TaskRabbit.
But if you’re looking for a legitimate way to make money online, you’ve probably stumbled upon one of the many MLM scams.
MLM stands for multi-level marketing, and it’s one of the many types of pyramid schemes that prey on the unsuspecting. To avoid being scammed, you must know how to spot the signs of an MLM scam. Keep reading for more information on these common ways to make money online.
Signs That Your Money Is Being Well-Spent In An MLM Scam
If you’re spending any money at all with an MLM scam, you’re most likely losing money. Why? Because the people at the top of the pyramid are able to capture most of the money via sales contracts or commissions. The more you get involved, the more you’re going to lose!
If you see the following signs of an MLM scam, then you’re probably one step away from losing a lot of money:
Over-Hyped Products That Don’t Deliver
If you’ve ever been involved with an MLM scam, then you’ll know that they always have the best of everything. Even the products that are supposed to be “basic” or “essential” for running their business are often over-hyped and over-sold.
The vendors in these scams will go above and beyond to get your business, so they can continue to reap the profits from your hard work and investment. If you’re ever asked to buy a product that sounds too good to be true, then it probably is.
Unethical Business Practices
You’ll often hear MLM scams referred to as “scams because they’re so unethical,” or “scams because they prey on the weak and the unsuspecting.” Sadly, this is far from true.
The reason why these scams exist is because there is money to be made. Just remember, the longer you’re involved, the more you’re going to lose. Avoid at all costs. If you’re not sure whether or not an MLM is a scam, then simply ask a trusted colleague or friend. Or, if you’d like, you can contact a company like Better Business Bureau (formerly known as the BBB) to find out whether or not your business is actively looking for customers in your area. If you do business on a global scale, then you might want to consider registering with the FTC (Federal Trade Commission) as an online scammer. They can help you prevent and handle cases of online fraud against you and your business. Don’t be discouraged if you see signs of an MLM scam. Simply stop participating and cut your losses. You’ll be glad you did.
Avoiding, Preventing, And Handling MLM Scams
If you’re reading this, then you’re either a victim of an MLM scam, or you know one. Either way, you’re probably looking for ways to avoid these schemes, prevent them from affecting your wallet, and recoup what you can of your investment.
These scams are often quite elaborate and have many layers. But, if you’re looking for a way to make some extra cash, then they’re ideal for the job. Just remember, the longer you’re involved, the more you’re going to lose. And, the more you lose, the harder it will be to recover what you’ve invested. This is why it’s best to cut your losses and avoid these scams at all costs. You’ll be happier and healthier in the long run.
If you’re not sure how to avoid becoming a victim of an MLM scam, then you need to follow the following tips:
Know The Signs
If you see that an MLM is a scam, then it’s best to walk away. Sometimes, these scams are so elaborate and clever that it is hard to know what is a scam and what is not. But, if you know what to look out for, then it’s easy to spot a scam when it comes your way.
What you want to avoid is the temptation to participate in any way, because chances are, you’ll end up losing a lot of money. Remember, they’ll always have an extra bonus for new recruits who can sell the most products. So, if you want to make money, then it’s best to stay far away from these types of schemes. It’s already hard enough to make money online without falling prey to a scam. Don’t make it harder. You’ll be glad you did.
Also, never ever give out your personal information to anyone who isn’t supposed to have it. Even if it’s a seemingly harmless request, it could be used against you. Especially if you’re asked to pay upfront. Never pay for a product or service in advance. If you do, then chances are, it’s a scam. Always trust your instincts and research before committing. If you’re unsure, then ask for help. Someone who’s been in your shoes probably knows the right answer. If not, then don’t be afraid to walk away. You’ll be glad you did. In the end, if you want to make extra money online, then you should have no problem finding a legitimate way to do so. You just have to know where to look. And, if you do, then you’re sure to make a fortune. Good luck!