Home Based Business

Home based business is an answer to the Economic Crisis for the majority of us. According to the National Council of Better Business Bureaus, more and more people are looking for work from home and home based business opportunities on the Internet. This is good news and a great move toward solving the problem of unemployment and earning a livable income, especially during tough economic times.

However, as more people look for opportunities on the Internet, unfortunately, the number of scam artists increase and take advantage of income opportunity seeking people. In particular, senior citizens are a new target for fraud and Internet scams. Most are seeking a way of earning income to supplement their retirement pension, Social Security benefit income and just about all fixed income recipients.

These are some of the methods scammers use to prey on individuals looking for opportunities? They use the Internet as a tool to recruit home based business prospects allowing them to hide their identities. A common trick to attract prospects is to post fake ?testimonials? about employees who became rich after joining their opportunity.

Take a look at more of the scam methods used to take your money:
There is the old ?bait-and-switch? scheme that requires payment up front for materials. Then the victim pays a start up cost and may never receive what they paid for such as; supplies, instructions or ?client? leads. Many times they receive some goods but then asked to give up more money for the ?whole package.? It?s almost laughable, but many people fall for the same scam over and over. To those, I say, remember the IBM logo years ago prompting you to ?Think?. Think about what you are doing and use your head for something more than a hat rack. In either case, the money paid out is much more than the true value of the promised materials. Believe it or not, the ?leads? you are given are usually names or companies taken from a phone directory or bought from other scammers. I just cringe at the thought of people actually “buying leads”.

Other tricks and schemes include mentoring programs where Scammers post advertisements in local newspapers to ?Start Your Own Business,? and offering a startup package for some ridiculous amount of money. But once that money is sent, they say you need to pay more to have a ?mentor? give you personal instructions over the telephone. That alone should be a red flag signal that something is not quite right here.

The main question is what can you do about it? You can get busy and learn more about methods used to separate you from your money. You can also learn by talking to individuals already operating a home based business, due diligence on scams and fraud, as well as using plain old common sense. In other words, “think” before you act.

Keep in mind, fraud and scams were alive and well long before the Internet. This powerful tool known as the Internet just made it easier for criminals to do their dirt.

For some good news about home based businesses (read more)

Jed Tooke

510-764-1363

Skype: genesischild

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