I (Andrea) can’t seem to log into Facebook without seeing at least one scam post per day. It’s frustrating. These people are preying on the desperation of those during the holidays who are looking for ways to make quick cash working from home. We’ve talked about scams before, and we’re going to talk about them again. But, it’s so frustrating for me when I see them that I really want to get this out so that you save your time, effort and money on things that matter this month.
There are thousands of people on Facebook that are trying to get your money. You’ve seen their posts in any one of a number of groups that you’re a part of. Their posts always says something like:
Are you ready to make money sitting at home? Contact me now!
I’m looking for ten awesome people who want to make an
extra $1000 cash every week!
I’ve got so much extra money, I don’t know what to do with it.
Do you want the same problem? Contact me!
You know what I’m talking about. Exciting promises of glory. It’s even better when they show pictures of money or their PayPal account balances. (We talk about this in our book, and even show you an example of how easy it is to fake an account balance!)
Remember this: If it sounds too good to be true, it probably is.
How do you know if this is a scam or a complete waste of your time? One of the easiest things to do is to reply to the person and ask them to post more information. Undoubtedly they won’t. They’ll send you a private message. Because they don’t want everyone knowing the truth. Any honest business is going to tell you exactly what they do, and what you have to do to make money. And they’re not going to be secretive about it.
If they can’t be public about it, walk away. Something isn’t right.
Next, if they ask you for money, run away. And fast. If someone says that if you put $10 in, in a week you’ll get $50 back, that’s called a Ponzi scheme. And it’s illegal. The only way you make money by spending money is through legal investing, and even then, you can’t be 100% sure you’ll make money.
Finally, we’ve been asked a lot about pyramid schemes. Notice we say schemes and not scams. Technically it’s not a scam (though some have been proven to be fraudulent), but it’s going to be a big time waste and let down for you. What is a pyramid scheme? Well, it’s a top-down business model. The person at the top (the point of the pyramid) makes the most money. The people at the base make next to nothing.
Partakers of the pyramid scheme get roped into believing that they can make tons of cash, but in fact, only a very few people at the tippy top ever see any real money. It’s all about recruiting. In order for you to make real money, you have to recruit a large volume of people that work below you in order to make any money. Sure, there may be a product involved that you sell, but the commissions on that product will be marginal and the only way you’re going to see any payoff is by going on a recruiting drive. Of course, there are only so many people to recruit, and eventually the pyramid fails.
The Ponzi and pyramid schemes are just two of many, many ways people are trying to rip you off. And we want you to be careful. We’re not saying that everything you see out there is fraudulent. But we want you to be very, very careful and fully understand what you’re getting into.
There are no “get rich quick” solutions other than the luck of winning the lottery. And that’s just luck. If you want money you’re going to have to work for it. Make sure the work you do is legal, enjoyable and won’t empty your bank account rather than fill it.
If you’ve come across a post and you’re not sure if it’s legitimate or not, tell us about it. We’d love to check it out and see if we can’t help you make the right decision.
Frankie and Andrea take turns sharing stories. Just good talk over a cup of coffee.