Business & Finance Electronic Commerce

Recognising And Avoiding Online Scams

There is a lot of money to be made online.
There are millions doing one business or the other on the web.
Unfortunately, only a small fraction of online business guys are really making a living online.
But the secret is that there is enough money to be made by everyone who intends to work and earn online.
The greatest enemy confronting new entrants (newbie) is the proliferation of scams and online frauds.
Reliable researches have shown and established that about 95% of money-making schemes on the net are fraught with fraudulent tendencies.
WHAT IS A SCAM? There many "gurus" who promise heaven and earth online but they deliver very little.
They promise you that if you buy their product you will become a millionaire from the next fifteen minutes.
"Start earning $5,000 daily from tomorrow".
"Get three million hits on your website for $10".
You have seen ads similar to these over and over.
Most of them are scams.
No sooner had you paid would you discover that all their claims are empty.
PERSONAL EXPERIENCE I have personally fallen victim of the many scams in my attempts to learn what works or not online.
However, everyone needs not pass through the same bitter experience.
TYPES AND CATEGORIES 1.
Internet Auction Fraud 2.
Internet Service Provider Scams 3.
Internet Web Site Design/Promotions - Web Cramming 4.
Internet Information and Adult Services - Credit Card Cramming 5.
Multi-level Marketing/Pyramid Scams 6.
Business Opportunities and Work-At-Home Scams 7.
Investment Schemes and Get-Rich-Quick Scams 8.
Travel/Vacation Fraud 9.
Telephone/Pay-Per-Call Solicitation Frauds (including modem dialers and videotext) 10.
Health Care Frauds 11.
Online Credit Card Frauds 12.
Paid survey and paid for typing scams and fraud The list is endless but watch out.
Advertisements and Traffic Programs Because of the main fact that everyone online needs visitors on his online shop, the advertising "gurus" capitalise on this to perpetrate their heinous crime of selling scams to unsuspecting newbie.
FEATURES OF FRAUDULENT BIZ No working links No help or contact section No real product Obsolescence information TIPS Use the search engines to determine the reputation of the company.
You may use your sense of judgment to determine this since you will always find both positive and negative comments about any company here on the net.
Read the terms and conditions of the contract to make sure you understand the delivery procedures, return policy, and product or service warranty.
Look for a privacy policy.
Be sure that you are comfortable with how the company collects, protects, and uses your personal information before you submit any details.
Ensure that the company guarantees that your information will not be sold or shared with a third party.
Ensure the business has a fair and clear process for submitting complaints and/or canceling orders as well as guaranteed refund.
Make sure transactions are secure.
Do not enter any financial information if you see a broken-key or open padlock symbol on your Internet browser.
Avoid sending confidential or financial information by e-mail.
It is not a secure procedure since it might be intercepted before it gets to its destination.
Avoid spam (unsolicited marketing e-mail) by being careful about disclosing your e-mail address both on and off-line.
Check a company's privacy policy to find out whether your e-mail address could be shared with other companies.
Talk to your children about online activities.
Instruct them to keep their personal information private unless you approve.
About the Author James Ojo is a virile writer of many online health and business articles.
He is the President of Hot Home Business Online.
[http://www.
hothomebizonline.
com] [http://business.
hothomebizonline.
com]
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