Get Rich Quick Silly Online Investment
Get Rich Quick Silly Online Investment
by Zamri Nanyan
To tell you the truth, I'm outrageously mad at what I've seen on the local tv news these past few days.
Being involved in the intenet and network marketing industry for quite some time now, this phenomenon more or less affects my business as people will be more skeptical to the 'real' online business.
I knew that this would be a hot debate but I did not expect it to come so soon.
A month ago, a friend sent me an email.
It goes something like this:
Join my side business. Checkout this website ______.
Wow! An investment with a 20% return in a month and a 300% return in less than a year.
It definitely is a 'good to be true' program and definitely not worth to check out any further. Immediately, I know it is a bomb to be exploded and a real-life scam in action.
Politely, I respond saying that he has to be careful in this type of investment and seek advice from people who are more experienced in internet business (this is a 'so-called' internet investment scheme).
He sends a reply saying that he has done his homework and is sure that this business is legitimate.
A quick search on the Internet leads me to a lot of confusions and contradicting 'facts' about the company and their operation.
I conclude that it is a scam.
A week later, my friend sends me another email, but this time, there is a screen capture of his 20% return on the money he has invested. There's also a screen capture of other members getting high returns from their backoffice website.
I say that this is a serious issue and since my advice is not being heard, I hope my friend won't be so blind to see what's coming ahead.
Sure enough... a few days ago, there has been the talk of the nation (not the talk of the town anymore) that there was 2 individuals who were now under investigation of internet scam and fraud.
These two individuals are allegedly related to this investment company and four others that they have operated before.
The sad part is that they've 'robbed' more than USD$200 million (I repeat USD$200 million) doing these illegal operations, and a few of their accomplices are being investigated as well.
I've not heard anything from my friend yet, but let's put that aside and be rational about what we should be doing if you really want to build a business or get into any investment schemes.
1. Ask yourself if this business or online investment makes sense. The second richest man in the world probably makes 20% out of his stocks, mutual funds and other investments. If you are talking about a 20% return in a month, you will easily replace the richest man in the world in no time. In 5 years, you can even buy a country with this return on investment. Does this make sense?
2. In a business or investment, you make money from selling products or exchange goods. In other words, there is products or services involved. Where does the money come from is important. If the money comes from a certain percentage of the investments made by other participants, that's a clear sign of 'stay away or you'll get burned'. What happens if there is no more participants? The whole scheme will collapse and, this is a classic example of Ponzi scheme or pyramid.
3. A company that manage mutual funds or other types of investments should have a license to operate their business. If you are not sure about this, you need to question them until you are satisfied with the answers. If there is doubts, seek advice from people who know. Yes, it can blind-fold you and drift you away from seeing the actual facts when all you see from the compay is so good that you think you'd miss the whole world if you missed the opportunity to join. Don't be distracted and get all the facts you need. It is your hard-earned money that you're throwing away if you ignore the truths.
There are many more questions that you might want to ask yourself when you are presented with an investment opportunity. If it involves an online investment, you have to be more extra cautious.
A college student can build a website that looks like a professionally run corporate website. A conman can buy a cheap $50 software and create a pyramid scheme. Another person can write a compelling enough sales letter and a fake profile of the company. That's enough to make a perfect scam of the year.
I don't mean to scare you with all what's written here. I just want you to be aware of the con artists out there in the cyberworld.
There's always lots of money to be made online through other proper channels and a "Get Rich Quick Silly Online Investment" is not one of them.
Stay miles and miles away from them and be wiser in investing your own money.
About the Author:
Zamri Nanyan is the Editor and Pubisher of M.L.M Lessons e-course. Get the world's top M.L.M experts' advice delivered to your e-mailbox for FREE, increase your sign-ups, multiply your income, and be more devastatingly effective with your M.L.M business with secret techniques and power insider information! Visit http://mlmlessons.com to subscribe.
_________________
* note: you are allowed to reprint this article, put it on your blog or website and distribute it to your mailing list as long as you keep the author bio intact and you don't modify the content of the article.
by Zamri Nanyan
To tell you the truth, I'm outrageously mad at what I've seen on the local tv news these past few days.
Being involved in the intenet and network marketing industry for quite some time now, this phenomenon more or less affects my business as people will be more skeptical to the 'real' online business.
I knew that this would be a hot debate but I did not expect it to come so soon.
A month ago, a friend sent me an email.
It goes something like this:
Join my side business. Checkout this website ______.
Wow! An investment with a 20% return in a month and a 300% return in less than a year.
It definitely is a 'good to be true' program and definitely not worth to check out any further. Immediately, I know it is a bomb to be exploded and a real-life scam in action.
Politely, I respond saying that he has to be careful in this type of investment and seek advice from people who are more experienced in internet business (this is a 'so-called' internet investment scheme).
He sends a reply saying that he has done his homework and is sure that this business is legitimate.
A quick search on the Internet leads me to a lot of confusions and contradicting 'facts' about the company and their operation.
I conclude that it is a scam.
A week later, my friend sends me another email, but this time, there is a screen capture of his 20% return on the money he has invested. There's also a screen capture of other members getting high returns from their backoffice website.
I say that this is a serious issue and since my advice is not being heard, I hope my friend won't be so blind to see what's coming ahead.
Sure enough... a few days ago, there has been the talk of the nation (not the talk of the town anymore) that there was 2 individuals who were now under investigation of internet scam and fraud.
These two individuals are allegedly related to this investment company and four others that they have operated before.
The sad part is that they've 'robbed' more than USD$200 million (I repeat USD$200 million) doing these illegal operations, and a few of their accomplices are being investigated as well.
I've not heard anything from my friend yet, but let's put that aside and be rational about what we should be doing if you really want to build a business or get into any investment schemes.
1. Ask yourself if this business or online investment makes sense. The second richest man in the world probably makes 20% out of his stocks, mutual funds and other investments. If you are talking about a 20% return in a month, you will easily replace the richest man in the world in no time. In 5 years, you can even buy a country with this return on investment. Does this make sense?
2. In a business or investment, you make money from selling products or exchange goods. In other words, there is products or services involved. Where does the money come from is important. If the money comes from a certain percentage of the investments made by other participants, that's a clear sign of 'stay away or you'll get burned'. What happens if there is no more participants? The whole scheme will collapse and, this is a classic example of Ponzi scheme or pyramid.
3. A company that manage mutual funds or other types of investments should have a license to operate their business. If you are not sure about this, you need to question them until you are satisfied with the answers. If there is doubts, seek advice from people who know. Yes, it can blind-fold you and drift you away from seeing the actual facts when all you see from the compay is so good that you think you'd miss the whole world if you missed the opportunity to join. Don't be distracted and get all the facts you need. It is your hard-earned money that you're throwing away if you ignore the truths.
There are many more questions that you might want to ask yourself when you are presented with an investment opportunity. If it involves an online investment, you have to be more extra cautious.
A college student can build a website that looks like a professionally run corporate website. A conman can buy a cheap $50 software and create a pyramid scheme. Another person can write a compelling enough sales letter and a fake profile of the company. That's enough to make a perfect scam of the year.
I don't mean to scare you with all what's written here. I just want you to be aware of the con artists out there in the cyberworld.
There's always lots of money to be made online through other proper channels and a "Get Rich Quick Silly Online Investment" is not one of them.
Stay miles and miles away from them and be wiser in investing your own money.
About the Author:
Zamri Nanyan is the Editor and Pubisher of M.L.M Lessons e-course. Get the world's top M.L.M experts' advice delivered to your e-mailbox for FREE, increase your sign-ups, multiply your income, and be more devastatingly effective with your M.L.M business with secret techniques and power insider information! Visit http://mlmlessons.com to subscribe.
_________________
* note: you are allowed to reprint this article, put it on your blog or website and distribute it to your mailing list as long as you keep the author bio intact and you don't modify the content of the article.
