What types of online business opportunities are scams?
I have heard so much about different types of online business “schemes”, such as MLM, pyramid schemes, etc. that my head is spinning. I would like to work from home, at least part time, and want one that would generate passive/residual income. What should I avoid?
If it’s on a TV commercial, it’s questionable at best. The late night kind are the worst — ones that promise huge incomes of $20,000 a month working part-time. Avoid them.
Pyramid schemes usually don’t work well either, internet or otherwise. Occasionally they may bring in some income, but it often involves a lot of hard work, typically of questionable ethics — in other words, harassing a lot of people in different ways.
If it’s a business that could work well without the net, that’s a start — say, selling a certain specialty product. Think of the net as expanding your customer base. But be forewarned, there’s no “easy” way to make money, even online. If it seems too good to be true, it probably is.