Despite the fact that there have been a number of online money making scams over the years, a lot of people are still falling into these up to now– even with scams created 5-10 years ago!
What’s the reason behind this?
Based on findings, the usual victims of these scams are those who are desperate to make quick and easy money online.
Don’t be one of them and beware of online money making scams!
Here are some of the most popular scams that have been around the Internet for a number of years.
1. Pyramid Schemes
Pyramid schemes are usually illegal as it is a very shady and suspicious concept.
Likewise, it’s often mistakenly linked with MLM (Multi-level Marketing) due to the commission structure they offer.
The only difference is the fact that legitimate MLMs have products that you’ll be required to sell.
2. Survey Sites
Although there’s a lot of legitimate survey sites out there that do pay, there are also scam survey sites that offer false hopes of ‘high payment’ per survey.
In fact, some of these even proclaim that you can earn $3,000 a month by just answering surveys!
This is too good to be true. Most legitimate survey sites only pay a couple of dollars per survey.
That only implies that it’s impossible for this kind of gig to be the main source of income.
3. Congrats! You Just Won the Lottery!
We’ll be surprised if you have never come across something like this!
These usually appear as pop-ups when you visit website or when you have accidentally mistyped the popular ones.
You can give it a try and try to mistype “youtube.com” to “youtuube.com” and you’ll see what we mean.
These kinds of offer will ask you to fill in personal details, such as your full name, email address, phone number, etc.
If you’ll think about it, you’ll be giving a lot of information to a complete stranger!
Even if it’s free, giving your personal information can be really dangerous– you’ll never know what they’re going to do with these.
4. Mystery Shopping: Wiring Cash
Just like with paid surveys, there are also legitimate sites that offer mystery shopping services that you can try.
However, there are also some scammers who take advantage of this. How does this scam work?
a) You’ll be given a mystery shopping task to assess a money transfer service.
Then, you’ll receive a check of $2,000 to back in.
b) You’ll have to wire $1,400 of this to a third party, and keep the $600.
c) Unfortunately, the check will bounce and you’ll just lose $1,400. This might even affect your credit rating at the end.
5. Email Scam
This is a very old scam, however, a lot of people are still falling for this!
These emails are automatically directed to spam mail, but some still end up in your mail.
Basically, you’ll receive a letter where a stranger will give you a huge amount of cash and all you have to do is enter your personal details in the link provided in the email.
NEVER FALL FOR THIS or you might get yourself in huge trouble.
These are programs that will allow you to surf various websites as a way to earn cash.
Some advertisers do pay for these programs to show viewers the products they are promoting.
Most of these will ask you to pay for membership.
After that, you’ll be asked to refer new members as a way to pay the old members– similar to a Ponzi scheme.
Then, after a while, they’ll stop paying the users once the program cannot sustain itself anymore.
7. Data Entry Jobs
For the past few years, “data entry jobs” has been one of the most overused words.
Unfortunately, although this sounds like an easy job, most of these are usually scams.
There are plenty of websites that offer data entry jobs, such as transcribing, proofreading, or entering information in spreadsheets.
There’s a catch.
Some of these data entry websites will ask you to sign up for a lot of services that you don’t even need.
What’s worse is that, even after signing up, you wouldn’t get any jobs after. Basically, you’ll be wasting your time filling up those sign up forms for nothing.
How to Detect Them:
One of the most obvious signs that it’s a scam would be– they’re willing to pay too much for a very simple task.
For instance, if they’ll promise to pay you $2,000 a month for just basic data entry work, you should be cautious of it.
Another scam sign is that they’ll ask you to pay for a registration fee just so you can start working.
These are just some of the money making scams that you should avoid. Don’t be a victim of these!