The Warning Signs: Home Business Scams

submitted: May 17th 2008 | by: DavidGates | Total views: 3 | Word Count: 467 | PDF View | Print Article

Starting a home business is an appealing idea. Earning some extra money for a bit of work is an honest exchange that has the possibility of turning into a lucrative endeavor. Everyone wants to be their own boss and be able to work as they see fit.

And there are a lot of people out there who are willing to sell or share ideas to get you rich quick. Some of them are worthwhile, others not so much. The trick is in navigating the minefield of false or fraudulent opportunities.

There's no way to be sure you won't get taken in one of the many home business opportunity scams as nobody is immune, but there are a few things you can do to limit your exposure to online business scams and do your best to avoid losing money and time.

The most popular sort of scam is the one that promises you the secret to riches and success, if you just front them a little money. It might be for training, or product, but it is always a bad sign. There are legitimate business that require start up capital, but they will provide you with information and tell you exactly what you are getting before asking for money.

One popular form of business that requires start up money is buying into a franchise. Fast food chains and other chain business do require you to put capital into the business. But not until they have given you data about the company and answered all of your questions. If someone wants money first, stay away.

The second thing to watch out for is a company that wants you to work for almost nothing, paying you much less than what your work should be worth. These jobs promise big money, but you have to work endless hours to see anything. Businesses like these often ask you to \"stuff envelopes\" or pay you to read email and click links. You should be selling advertising, not just reading it.

If you are tempted by a home business, first determine exactly what it is that you will be doing, and then estimate the number of hours it would take to complete each specific task. Figure out how much you will be making per hour, and then ask yourself if it is really worth it. If you're looking at minimum wage or below, it's not going to be worth starting your own business.

Last, don't simply go looking for the websites that promise you riches. If you go looking for ways to make an easy buck and end up scamming someone else, you open yourself to all kinds of home business opportunity scams. The easy and obvious deals need to be checked out before you pounce because they may simply be a trap for other scammers.

About the Author

To see where I found legitimate, profitable internet businesses, check out Scott Edward's refreshingly honest home business reviews site.


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