If you are like most of us, you are always on the look out for more money. It seems that no matter what we do there is not enough money coming in to meet the needs and wants of our families. Rising prices in nearly every area of life are the main cause of this issue. Looking for easy ways to make extra money can be a chore; after all, moneymaking requires work and usually lots of it. There are however, many ways that people say you can make an easy buck without having to do anything. You guessed it, the ever present scam.
A scam can be defined as any person, company, or group of people that wish to defraud a person, group or company with promises of money. Everywhere you look there is another scam running, some more subtle than others. Wading through the sea of scam related opportunities it is hard to trust even reputable companies that offer true ways to make money.
The amount of scams Internet users breed everyday is astronomical. According to statistics, every fourth minute a scam is created that will bilk over ten thousand dollars from unsuspecting people. Scams Internet users create now make up over 90% of all money scams in the world.
To protect yourself from a scam you need to follow the rule 'If it sounds too good to be true than it probably is.' It is as simple as that. Promises of wealth that come with little or no work normally constitute a scam of one sort or another.
Money scams of all sorts are evident by doing a search on your favorite search engine. Like an infomercial, they will promise you thousands of dollars in a short amount of time, which is a difficult concept to understand from the beginning considering most of the scams Internet users create do not sell any products. The money is made by convincing other people to sign up. This scam is most often referred to as a pyramid scam, one of the most prevalent scams Internet users offer. The way it works is money from one user is used to pay another user and this continues down the line. In the end there is no actual money earned, just traded among users. The only user to win is the one that started the scam who happens to sit on top of the pyramid and makes the most money.
MLM or Multi-level-marketing is another one of the big scams Internet crooks use to defraud people. This concept is similar in nature to the pyramid but is cleverly disguised using products that you can sell. The main point again is to get other people to sign up. The more people that sign up the more money you make, in theory. The only people making any money are the ones who started the scam once again.
Money scams of all types are responsible for the financial failure of millions of people each year. Sadly, few of the perpetrators behind these scams are ever caught. Using less than moral lawyers they draft complicated contracts and disclaimers that hold them blameless in the event that you fail.
If you feel that a company you are looking into is one of the many money scams operating today do not send them any money or personal information. Contact you the Better Business Bureau and see if they have a file on the company. If you have already sent money and feel that you have been scammed contact the authorities immediately.