Making money online scams:
Many of these scams sell ‘systems’ or seminars that ‘guarantee’ you a great income. A prime example is the trading forex/shares scam. They tell you that if you purchase their system or attend their seminar, you will be able to make a lot of money from trading forex/shares. What they don’t tell you, is that you can find the same kind of software/information for free on the internet, that they’re trying to sell to you for thousands of rand! The truth is that for each person who makes any money trading forex/shares another person loses out. For a trader to become successful, they usually lose thousands before they learn from their mistakes and start making anything.
Another example is the ‘posting links’ scam. This one is a classic pyramid scheme – almost like the old ‘filling envelopes’ pyramid scheme. They tell you that you can make a lot of money by buying their system and using it to post links on the internet. But what they don’t tell you up front, is that you’ll only be posting links to advertise their system that you just wasted money on! Ever seen the comments online ‘My aunt makes $9999 and last week bought a brand new BMW’ ? These are the links that are posted using this kind of scam ‘system’. Their ‘system’ that costs you thousands, can also be written by any competent programmer in less than a week. Any money-making scheme that expects you to find other suckers to be suckered exactly like you were, are pyramid schemes!
Simple rules to follow so that you don’t get scammed:
1. ALWAYS check HelloPeter before doing business with anyone you haven’t done business with before. If they have many complaints – DON’T take the chance! When you check HelloPeter, also have a look at the compliments. Some scamsters go onto HelloPeter and post fake compliments to bolster their credibility. I’ve actually even seen one brainless wonder who kept adding fake compliments regularly – using the exact same user login. This is easy to spot. What’s harder to spot, is when the fake compliments are from different users. Do yourself a favour and check whether the user has posted anything else on HelloPeter. Fake compliments can also be spotted because it will be the only posting created by any specific user. If a user has multiple complains/compliments for various providers, it’s usually a valid complaint/compliment.
2. Know your rights. Do yourself a HUGE favour and actually take the time to read the Consumer Protection Act. It could prevent a lot of grief and stress in future.
3. Greed can make you blind. Offers that seem too good it be true – almost always are! The only reason why people still fall for these kinds of scams, is due to greed or absolute desperation.