5 Ways to Sniff Out a Home Business Fraud
Maybe you’re just starting out looking for a great business? Or maybe you’ve already tried a few and they came up short, so you need a better business? Or maybe you’re a seasoned pro who’s already making big bucks and you want to make a lot more?Millions of people want to earn extra money and are looking for a really good home business. Well, be careful. There are a few frauds and scams out there and they can be fairly well disguised.One of the most important business skills you need to develop is “How to Sniff Out a Scam.” Although most home businesses are reputable companies and their businesses are totally legitimate, a few scammers are out there as well. Here is how to smell a fraud or scam.Most scams are disguised as work from home jobs as opposed to work from home businesses and that’s because the perpetrators of the scam are trying to make it look like people who desperately need a job can do a little work and get paid immediately with no risk involved. But they are not really a job. They are actually businesses that require start up capital and involve risk. By the way, every business requires some start up capital and involves some risk-even the legitimate ones. Those are two of the major elements of being in business. Some other major elements are: sales of a product or service, the ability to earn profits and ownership rights in the business.The way it goes is: You invest in a business, you learn the business, you work the business, you sell some product or service or both, you hopefully make a very nice profit and you own a part of the business. Besides the opportunity for big profits, one of the biggest draws of owning a home business is that you are your own boss. For many who have slaved away long hours in tedious jobs and worked for some idiot bosses for menial money, being your own boss and having unlimited income potential is like being set free! Then when financial freedom comes, whoopee! Free at last! God almighty, free at last!So what are the best ways to smell a scam? Take a good hard look at the business, products or services, the people involved, the business model, the compensation plan and get a good sense of the code of ethics of the company and some of the people involved. The true story is in the details.Here are The 5 Ways to Sniff Out a Home Business Fraud or Scam: Make sure the company has quality products or services. Would you buy them? Would you be proud to market them? Make sure you get involved with some good people. What are their backgrounds? What can you tell of their reputations and their experience? Make sure the business model and compensation plan are designed to allow everyone to make money. If it is virtually impossible for ordinary individuals to get started and make money reasonably soon, and only a very few people at the top are geared up to make all the money, look out, it’s a scam! Does the business require that you learn from leaders or trainers to be successful? This is one aspect that is often overlooked. If a business is hyped to be so simple and push button automatic that you don’t have to learn anything, look out! No legitimate business is so simple. If there really were one, almost everyone on the planet would be rich. Skip the push button businesses. Do you actually have to do some work? Especially in the beginning when you are building your business. This is a real biggie! Every legitimate business will require work and lots of it in the beginning. It’s like a rocket taking off. It takes a lot more energy and time and effort to get the thing off the ground. But once it’s gliding along, it sails forward with a lot less energy and work. Hopefully, at some point in the future, after we build up our businesses, we can wear the hat of owners, so we just keep an eye on the business and let others do most of the work. And at some point, we may want to sell our businesses, or just kick back and collect passive income for years to come. But in the beginning, every single good business requires work, and if you don’t do it, you will fail. That’s the biggest reason people fail in home businesses. They don’t want to do the work that successful people do. As we all know, so many people out there want to get rich quickly without investing any money, investing any time, without learning anything new and without doing any work. It’s part of human nature. It’s the lazy dreamer in us. Of course, that’s’ not going to happen. And unfortunately, many scammers prey upon people who want to make a quick buck without working for it. That’s the fantasy. That’s the hook many scammers use.When you see an ad for making automatic money with no investment and no work and no quality product, that’s a scam. Don’t worry, after you get suckered in, you’ll fork over some money to them. It might not be a lot of money, but if the scammer gets just a few dollars from hundreds of thousands of needy people, the scammer ends up making millions of dollars. That is, until they ultimately get caught and go to jail.But you really must know that many home businesses can be real world gold mines if we select a good one and we do the work required. Be wise. Sniff out the scams. Find a good one. Luckily I found a few and I am truly blessed. Then take action. Be positive. Decide to go forward and make it happen! Learn the secrets of the business from good people. If others can do it, you can do it. Work hard for a while and in no time, you’ll live your dreams! It definitely is possible!
