Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Wealth Building Scams > NetSparsh - Viral Content you Love & Share

Wealth Building Scams

I have some good news and I have some bad news. First the good news. The number of infomercials on television is decreasing.

Some might say that is great news. But, before you yell hurray, here's the bad news. They are reincarnating as web sites. Changes the whole picture, doesn't it?

For those who've never seen an infomercial, it is a program-length TV commercial touting easy ways to make money in a variety of ways.

Real estate is probably the most often run program. Others include low-interest government loans or grants to start a new business or go to college.

Then there are the old standby classified advertisement sections in newspapers or magazines promising "big money" business opportunities and/or work-at-home schemes. The companies behind these infomercials and print ads claim that by using their products and services, you can learn how to increase your wealth or start a business from the comfort of your home.

These infomercials and advertisements make it very clear you can make the big bucks only by purchasing their books, audio and video tapes, or computer hardware and software. The materials range in price from less than $100 to several thousand dollars.

To clinch the sale, some promoters include a toll-free telephone consulting service with your purchase and offer a money-back guarantee. The fine print in the guarantee is what gets most people.

Web sites promoting these same type of "opportunities" look like an infomercial. Hype, glitz and promises of big money adorn the screen. On the other hand, contact details, other than ordering information, is scant if existent at all.

On television, these infomercials are designed to look, feel, and sound like real TV programs. The FTC says "they often imitate the format of genuine talk shows or investigative consumer news programs."

Because they imitate real programs, "the products being sold often are discussed as part of the program and touted by paid "experts," "moderators," or "reporters", according to the FTC. The programs may last for 30 minutes, interrupted by advertisements for the shows products with ordering information.

As in the offline world, online promoters of wealth-building schemes claim that if you follow their methods, you can make substantial sums of money. The means to easy wealth have shifted from real estate and government auctions to web site sales and development, autoresponder sales, gift clubs and bulk email programs.

The offline world uses the infomercials and advertisements to invite you to attend seminars where you can learn more about their program. You can rest assured the seminar is a slick sales pitch.

The smooth-talking salespeople tout the programs, materials, and services and use testimonials of the people in the back of the room selling the materials to illustrate what easy money you can make. The truth is these people are paid to give testimony. They are on the payroll as salespeople and that's it.

At these seminars the pitch is feverish and it is easy to be lured by promises of success into parting with your money. They are designed to work off the herd mentality. Don't fall for the nonsense.

On the Internet, the herd mentality is engaged through testimonials and a rush to action. You are encouraged every step of the way to BUY NOW! There are only so many days left and this opportunity will be gone forever or some other such nonsense.

The FTC, and everybody else who has studied these programs, gives the following advice:

1. Be skeptical about "get-rich-quick" advertising claims.

2. Ask companies for written substantiation for claims in their presentations, especially those about success rates.

3. Be aware that "experts" who endorse a product often are paid by the advertiser.

4. Be cautious about "testimonials." They may be paid for and probably owrse, do not reflect the experience of most consumers.

5. Be wary of purchasing a program if company representatives give you evasive answers or aren't willing to answer your questions at all.

6. Before you buy, decide whether the price reflects a fair market value.

7. Be wary of promises of free money or low-interest government loans. As a rule, these are available only in limited circumstances.

8. Dont be pressured to purchase immediately. Good opportunities are not sold through high pressure tactics.

9. Before you buy, ask about the companys qualifying requirements and refund policy.

10. Check out the company with your local consumer protection agency, Better Business Bureau, and state Attorney General's office. They should be able to tell you if any unresolved consumer complaints are on file.

Additional consumer protection resources are available at your local library. Check out materials on personal finance and those geared toward the small business owner.

Your local community college may have a marketing department. Call and ask to speak with one of the professors. Explain the program and ask his/her advice/opinion.

The Small Business Administration and your state and local government have publications and programs for new and potential business owners. Write or call and ask for a list of available publications.

Tap into the Internet. That's right, search engines could turn out to be your best friend. A host of scam busting sites exist and expose scams online and offline.

As always, common sense is your best weapon in the fight against this garbage. If it sounds too good to be true, it probably is. However, if you have more than a passing interest, do your homework. Getting too much information is not a crime or a hazard to your wealth.

2000(c) All rights reserved. No one may reproduce this article without permission of the author ([email protected])

GUARANTEED! Turn your paycheck into a cash flow geyser. Cashclique.com Dollar$ign Newsletter provides proven paycheck stretching money management tips, tools, techniques and strategies to increase your personal cash flow. This is YOUR fail safe money management program. FREE subscription at http://www.cashclique.com/page4.htm

In The News:


Gamasutra (blog)

Top 7 tips for creating a unique game character
Gamasutra (blog)
Top 7 tips for creating a unique game character. by Herbert Llanas on 10/20/17 10:29:00 am. Post A Comment Share on Twitter · RSS. The following blog post, unless otherwise noted, was written by a member of Gamasutra's community. The thoughts and ...


Heavy.com

Fortnite: Battle Royale: Top 10 Tips and Tricks You Need to Know
Heavy.com
This means that you will not only have to loot weapons and ammo but you'll also have to loot crafting materials as well. We won't distract you any longer, here are the top 7 tips and tricks you need to know for Fortnite: Battle Royale. We'll add to ...
PUBG exec clarifies objection to Fortnite Battle Royale: 'it's not about the idea itself, it's about Epic Games'PC Gamer
Fortnite Is Bringing Battle Royale On September 26DVS Gaming

all 127 news articles »

The top 7 Crucial tips for business to maximise PC performance; SSD giveaway
iTWire
These days, most computers have enough processing power and even RAM, unless you're running some 10+ year old device with a slower Core 2 Duo processor and 2GB RAM, along with a pokey and likely ready-to-die hard disk drive. In that case, an SSD ...


Cebu's board topnotchers share how you can ace your final exams | SunStar
Sun.Star
As another semester closes, university and college students again have their hands full with final requirements, and of course, preparations for the grueling final examinations. If you haven't begun studying yet, let these tips from board topnotchers ...


Fabnewz (blog)

Top 7 Effective Homework Tips For Teachers
Fabnewz (blog)
Managing homework is definitely something that many teachers battle with. Whether or not your problem is “How significantly homework must I give?”, “What may be the greatest approach to right everyday homework?”, or “How can I make homework much ...


USA TODAY

Top 7 job skills you'll need in 10 years if you don't want to get left behind
USA TODAY
The post Top 7 Job Skills You'll Need in 10 Years if You Don't Want to Get Left Behind appeared first on TheJobNetwork. The Job Network is a USA TODAY NETWORK content partner, providing career and job-hunting advice. Its content is produced ...


Business 2 Community

Top 7 Growth Hacking Tips for Manufacturers' and Distributors' Bottom Line
Business 2 Community
It's now been seven years since Sean Ellis coined the term “growth hacker”. Since then, growth hacking strategies have propelled many startups to become important players in their industries. As the initial hype around growth hacking is starting to ...


Entrepreneur

America's Top 7 Startup Accelerators and What Makes Each Unique
Entrepreneur
So whatever your problem, whether you need beta testers, a place to stay in another city, advice about a browser bug, or a connection to a particular company, there's a good chance someone in the network can help you.” -- Y Combinator. Related ...


Entrepreneur

The Top 7 Cities Competing With Silicon Valley for Tech ...
Entrepreneur
Don't let the shiny allure of the valley blind you. It's a big country and a lot of places will welcome you warmly.

and more »

Forbes

How To Ace The Top 7 Most Common Interview Questions
Forbes
Research the organization ahead of time and discuss something about the company that requires more than just a 10 minute Google search to find out. Brownie points if you can share some ideas that you'd bring into the role — if they're open to hearing ...

Google News

Positioning Your Company for Debt Financing

Positioning Your Company for Debt Financing:There was a time in... Read More

7 Tips To Increase The Success Of Your Online Business

1. Outsource what takes you too long to doWhen you... Read More

Top 10 Items For A 21st Century Toolbox!

Skilled workers of every age have prized their tools. I... Read More

The 7 Keys to Business Success

Do you run a business that seems to run you?... Read More

7 Online Banking Success Stories

You have seen their ads and you may have wondered... Read More

5 Tips to Manage and Organize E-Mail

How do you focus on your urgent e-mail and organize... Read More

7 Money Saving Tips to Decrease Home Business Expenses

We all know that running a home business is highly... Read More

Are You a Project Manager Or a Project Mangler?

Which one are you? An effective IT project manager, able... Read More

How To Use Bartering To Gain An Advantage Over Your Competition

If you have a business on the Internet you should... Read More

How To Move Your Business Online in 7 Steps

So you have set up your company, fairly established and... Read More

Top 10 Tips on How To Write About Yourself

Many people find it really hard to write for business... Read More

10 Compelling Reasons Not to Downsize

Almost daily, newspapers, business magazines, radio and television carry reports... Read More

7 Reasons You Want Referral Business and How to Get Them

Studies have proven that there is one reason why people... Read More

Yummy Yummy: Top 7 Business Lessons from the Wiggles

At Macquarie University in the early '90s, three Australian early... Read More

7 Tips On Getting Ready To Put Attraction Marketing Into Action

Attraction marketing is about making a customer for life not... Read More

11 Things Small Business Owners Can Learn From Michael Dell

1. Think Big ? In college, Michael Dell said he... Read More

Performance-Stress-Motivation: 7 Sanity Saving Business Boundaries

The lack of strong boundaries is one of the chief... Read More

7 Reasons Why Training Doesn?t Produce the Desired Results and What You Can Do To

Seven Reasons Why Training Doesn't Produce the Desired Results and... Read More

10 Incredibly important business basics EVERYONE needs to know BEFORE they start a business!

In my career, I have had a total of 3... Read More

Learn to Improve Sales - 10 Ways to Get More Business Starting Today

You need sales and you wanted them yesterday. Here are... Read More

Plan Your Success In Seven Ways

Many businesses lose money yearly because they don't think creatively... Read More

How to Counsel Your Non-Performing Team Members - 10 Tips

Counselling non-performing team members is a tough part of any... Read More

10 Marketing Tips For Your Business

Here are a few ideas to get you started, all... Read More

Top Ten Tips for Participating in Online Business Expos

Are you ready for a BASH? Have you ever been... Read More

7 Secrets to Writing Inventory Procedures

What would You do with $1,000,000With $1 Million would you:?... Read More