If you’ve stumbled across a website or advert online guaranteeing you the chance of achieving instant wealth, then we understand that it could be tempting to sign up.
After all, we could all do with a little more money in our pocket, and if someone is promising to unveil the secrets to getting rich online, then that’s an extremely attractive proposition.
The only problem is that the Internet is full of opportunities, ads and websites all claiming to possess the secrets to instant wealth. The reality check is this – any site that claims getting rich is easy and quick is misleading you. Because it’s neither. Here are 10 other ways to spot a Get-Rich-Quick scam.
10. Limited Spaces/Discount/Time
Get-Rich-Quick scams want to create a sense of urgency, so you may be told there are limited spaces available or a countdown may appear after which you are no longer able to enrol or the price increases. The scheme may say they can only take on a certain number of members before it becomes unavailable for good.
9. Fake testimonials or comments
Get-Rich-Quick scams often used testimonials or comments that are unverifiable. They show a photo which is often a stock photo of a model, and a random name. However you cannot contact these people to verify they are real.
8. Videos showing rich people (that are really just actors)
Get-Rich-Quick scams often create sales videos showing the “owner” of the scheme parading their wealth to the viewer, including expensive houses, cars and even private jets. However, the people in these videos are usually actors that have been hired online to play a part. They are just reading a script and the expensive items have been hired to play a part too.
7. Fake endorsements
These scheme may claim they have been endorsed with celebrities or media outlets including TV stations and shows, or newspapers. However there is no way of verifying that the endorsement is real.
6. Secret or Underground “systems” (that are incredibly vague sounding)
Get-Rich-Quick scams will be deliberately vague on how they are actually claiming you’ll be able to make money. They claim it’s a secret or unknown system or technique, which is not known to the general public. However they will not explain the specifics in their initial sales pitches.
5. Rage to Riches stories
Such schemes will often use a rags-to-riches story which detail the story of someone who is financially struggling who goes on to use the “secret formula” (from previous point) and becomes instantly wealthy and financially worry-free.
4. A registration fee or deposit required to learn the secrets
Many such scams claim to be operated by very rich people wanting to “share their secrets” with you. However, they’ll still require you to open your wallet in order to obtain these secrets. The Get-Rich-Quick industry operates on the illusion that you’re one more purchase away from learning the secrets to instant wealth.
3. Constant recruitment
If the Get-Rich-Quick scam is related to the notorious Pyramid or Ponzi scams, you’ll be required to constantly recruit new members into the same scheme you joined in order to get paid. However these scams are illegal and those who participate leave themselves open to prosecution, even if you didn’t create the scheme.
2. Fake news reports
Get-Rich-Quick scams will use fake websites posing at news websites to promote their scams. Such websites will deliberately appear to be an article about the scheme from a journalist. However it’s a promotional tool.
1. Unrealistic profits for unrealistic effort
The easiest way to spot a Get-Rich-Quick scam? It promises you that you can get rich quickly. It may sound obvious but these scams still enjoy large success by preying on desperate and vulnerable people. We all want to make more money than we do already, but it is important to know that there is no such thing a free lunch.
There is nothing on the Internet that you can sign up for that will allow you to get rich, quickly or easily. Yes you can make money online, but to do so you need realistic expectations on the work and effort involved in doing so. We discuss more about making money online legitimately through this link.