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The Warning Signs: Home Business Scams

May 17, 2008
It sounds like a great idea, starting a home business. It's an opportunity to make a little extra money, or have make a life change, or gain some flexibility in your work schedule. The problem is that your great idea can easily turn into a nightmare if you fall victim to a home business scam.

There are so many people out there who supposedly want to help you get rich or start your new life. And some of them are honest and well-intentioned. But some of them are not. The trick is being able to tell the real deals from the scams.

There is no sure way to keep yourself safe. Anyone can get taken. But there are some things you can do to make it less likely that you will become a victim. If you're going to protect yourself, you need to know what to look for and how to spot the warning signs.

The number one red flag is when the offer requires you to put up money in order to learn the secret to success. There are companies that expect you to buy in, but they will give you plenty of information and time so that you can make an informed decision.

One popular form of business that requires start up money is buying into a franchise. Fast food chains and other chain business do require you to put capital into the business. But not until they have given you data about the company and answered all of your questions. If someone wants money first, stay away.

There are some home business scams that actually do pay you something, but not nearly enough. You've probably seen ads that promise you thousands for stuffing envelopes or just sitting in front of your computer reading email. In reality, you would have to put in hundreds or thousands of hours in order to make anywhere near what they are promising.

You want to stay away from systems that \"trade time for money\" if at all possible. In business, time is money and the promise of lots of dollars when all you really get is a trivial sum is at best dishonest. It's best to do the math if you're determined to set out on these sorts of things. Figure out how much time it will take and how much you're getting paid (either in money or benefits or whatever). If it's anywhere near minimum wage, you're better off not bothering.

Last, don't simply go looking for the websites that promise you riches. If you go looking for ways to make an easy buck and end up scamming someone else, you open yourself to all kinds of home business opportunity scams. The easy and obvious deals need to be checked out before you pounce because they may simply be a trap for other scammers.
About the Author
To see where I found legitimate, profitable work at home business opportunities, check out Scott Edward's refreshingly honest home business reviews site.
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