A question that I commonly get asked is “How can I make money online?” Well, there are many ways to make a buck on the Internet. However, there are so many BAD ways that an article about some money making schemes to avoid is in order. Getting involved in any of these can not only lead to an empty bank account but in some cases, to legal problems as well.
One of the biggest things that you need to stay away from, at all costs, are HYIPs or High Yield Investment Programs. In a nutshell, these programs promise you a percentage return on your investment depending on how much you invest. The returns can be anywhere from 14% to 20% for a period of 30 to 90 days. There are many variations on this scheme. The problem with it is simple. The money is paid out from the funds of the other investors. In other words, it’s a pyramid scheme. The bigger problem is that eventually the pyramid collapses and those who get in late lose their shirts.
But the biggest problem with HYIPs is that they are illegal and NOW the government is cracking down, not only on the person who started the HYIP but also on the people who profited the most from it. So if you think you are safe because you got out with your money intact, think again. You could be in for a rude awakening when the feds come to collect the bill.
Another bad money making program is the paid survey. No, these aren’t illegal like the HYIPs but they pay peanuts. Every survey program is different. Some pay in rewards and others pay in points that can be traded in for cash. The problem is, the exchange rate is so low that you ultimately end up taking dozens of surveys for what amounts to pennies. An even bigger problem is that many people do not even qualify for these surveys and aren’t informed of that until AFTER they have put in all the info to take them. This results in TONS of wasted time.
Then you have paid to read emails or GPT programs. I’m lumping these together because they are both at the bottom of the barrel as far as I’m concerned. With paid to read emails, you get paid maybe a tenth of a penny for every email you read. So you have to read 100 of them just to make 10 cents or 1,000 to make a dollar. Given all the time it takes, there are better ways to make a buck.
GPT, or Get Paid To programs, offer incentives for trying out products and services. The problem with these are numerous. Limited opportunities, low pay (sometimes in the form of just the product itself) and hidden forced continuity not only make these not profitable but downright dangerous and costly if you’re not careful.
And these few “gems” only scratch the surface of what’s out there as far as poor money making offers. If you want to get into something that actually gives you a chance of making a decent buck online, check the site in my signature.
And stay away from the garbage that I’ve mentioned above.
To YOUR Success,
R.K. Rapoza
What about you? What are your thoughts on this subject?
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