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Five Ways to Sniff Out a Money-Making Scam

Posted on 20 October 2012 by admin

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More people than ever are turning to the Internet as a means of making money. While there are dozens of legitimate work-at-home jobs, there are even more scams. If you don’t know what to look for, you can easily fall prey to identity theft and, even worse, find yourself financially ruined. Here are five ways to sniff out a scam:

1.Money Up Front

Beware of any WAH opportunity that asks you for money up front. There is no legitimate work at home companies that ask you to put a down payment on any sort of kit or start-up package. If you run across one of these companies, you can be sure that it’s a scam. You’ll typically find these companies on websites with flashy videos, testimonials and an announcement for a limited-time discount that never really ends.

2.Social Security Number

If a company asks you for your Social Security number or bank information, run as fast as you can. You should never give your Social Security number to anyone over the Internet, nor should you provide your bank account or routing numbers to someone that you don’t know. Giving someone this personal information will set you up for both monetary theft and identity theft.

3.Lack of Information

If the site that you stumble upon doesn’t have any contact information, any company history information or lacks general details that the average person would deem to be important, you can rest assured that you’ve come across one of the many scams that are out there. Legitimate WAH companies are very up front about how long they have been in business, where their offices are located and the type of work that their employees perform.

4.Terrible Reviews

When you find a WAH company that seems legitimate, make sure that you Google the name of the company coupled with the word “scam”. This is the quickest way to find out if the opportunity is legitimate. People are quick to share their opinions, particularly when those opinions are negative. If the company is legitimate, you won’t find anyone complaining of being taken for their money or not being paid for work that they’ve performed.

5.It Smells Fishy

Use your common sense. If the site looks fishy, you’ve stumbled upon a scam. It really is just that simple. You’re a smart person and you know that if something appears too good to be true, it is. You’ll never make thousands of dollars a month “easily” or “quickly”. You won’t make hundreds of dollars a day by working for only 20 minutes. Use your head when you’re looking for a WAH opportunity.

For every legitimate work at home job, there are three scams. While you can readily make a decent income online, you’ve got to be prepared to search for the right job. By keeping your wits about you, making sure that you read reviews and walk away from anything that seems rotten, you’ll find the right job for you.

Denver Clark writes articles for consumer groups and suggests picking the right industry before you start making money online.

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