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Free Home Based Business Opportunity, Is It For Real? by Gary MarshYes it is for real. The good thing about working from home is that you can do pretty much anything that you want. If you like to paint, you can turn your skills into a home based business. If you are a marketing guru, that will work as well (actually very well, but that's for another article). But the one thing that holds a lot of people back when they are looking for a home based business opportunity is money. The majority of people feel that in order to start a company, they are going to need a lot of financial backing; something that most people simply cannot come up with. Even though this is true in some aspects, there are also many free home based business opportunities that you can try out. Think about it, why do you need to spend a lot of money on start up costs? You more than likely have everything that you need right in front of you! About the AuthorGary Marsh
Internet Home Business – Scam or an Opportunity?
How to Avoid Work at Home Scams
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Harrold Swalve is a published author and successful online entrepreneur. For great work at home offers go to his awarded Work at Home Resource Center. To find answers on all your work at home questions visit his Work from Home Job Forum. |
The short answer is – there are a lot of myths, and very little magic.
The reality is that any home based business you choose is going to take some work on your part…and chances are you won’t get rich overnight. Some of the opportunities advertised are simply pyramid schemes disguised as a business, with specific wording included that takes advantage of legal loopholes that exist (for now).
The good news is that there are many legitimate opportunities advertised – in fact, so many that selecting one could drive a person crazy. So how does one go about choosing a home based business that will work for them? Ask yourself the following questions when determining whether or not a home based business that you’re looking at will be appropriate for you:
Does it sound too good to be true? If so, it may be…on the other hand, that should not be the sole determining factor in your decision. There is a lot of money to be made out there, and it is easier than you think.
Are you willing to do what it takes to recruit the way you’re being recruited? For example, if someone spends 30 minutes on the phone with you and gives you the hard sell routine, are you going to do the same? Many of these opportunities involve a great deal of phone time; if you’re uncomfortable with that you should look at something else…but keep in mind that whatever you choose, you will have to develop new skills and talents.
When someone is trying to recruit you for a particular business, ask a lot of questions about average operating costs, the amount of time and effort it will take to realize the profits they’re claiming, and details about the compensation plan. If they are reluctant to give you this information, there may be something fishy going on. Answers to these questions should not be part of the training process after you buy into the business.
Can you realistically make time to do what’s required? Don’t fool yourself into believing that you’ll do this in your “spare” time – most of us don’t have any…but if you are willing to cut out some of the leisure activities in your life (at least temporarily) you can be sure that down the road you’ll have more recreational time than you do now.
Many home based businesses require you to spend a lot of time interacting with your sponsor/mentor. Figure out if you like them…you may not like all the people you work with in your 9-to-5, but this is a little different. You are going to become a partner in many ways with your mentor, so be sure he or she is someone you are willing to spend time with.
Can you afford the initial investment? Using the rent money to start a home based business is risky – if you’re confident enough that you’ll recoup your investment in time to pay the bills, great – just be aware of the risks and have a fall-back plan.
These are a few of the important factors to consider when looking at a home based business – certainly not a comprehensive list, but an excellent place to start. Another important thing to keep in mind…almost every program you get involved in is going to stress personal development. There is good reason for this, and although some of the things they ask you to do may sound goofy (like telling yourself out loud every day how great and successful you are), the reality is that this concept has been around for a long, long time and has been proven to be effective.
So get out there and start your search!
Bill Cox is a budding entrepreneur and network marketer learning to capitalize on the power of the internet to build multiple income streams. Article Source: http://EzineArticles.com/?expert=William_Cox |
Brought to you by the UK Office of Fair Trading
At the launch of a month-long campaign, the OFT identifies the top ten scams targeted at UK consumers to alert the public to the swindles that may part them from their money.
UK consumers lose an estimated £1 billion per year (see note 1) to a variety of scams which exploit low-cost, mass-marketing techniques to target recipients. Many of these scams originate from overseas, making detection and prosecution more difficult. The OFT has joined forces with law-enforcement agencies in over 30 countries to tackle scams which originate outside the UK borders. In October 2004, for example, OFT co-operation with partner agencies in the United States and Canada, such as the FBI and the Royal Canadian Mounted Police, helped lead to over 100 arrests in the US and 35 in other countries for telemarketing scams.
Consumers need to be on the alert for the following approaches:
Telephone lottery scams – these include the Canadian lottery scam and the El Gordo Spanish lottery scam, which deceptively uses the name of a genuine lottery. People respond to an unsolicited mailing or telephone call telling them they are being entered into a prize draw. They then receive a telephone call congratulating them on winning a big prize in a national lottery – but before they can claim their winnings, they must send money to pay for taxes and processing fees. The prize doesn't exist.
Prize draw, sweepstakes and foreign lottery mailings - many typical scams take the form of prize draws, lotteries or government payouts. Most appear to be notification of a prize in an overseas draw or lottery in return for administration or registration fees.
Premium rate telephone number scams – notification by post of a win in a sweepstake or a holiday offer includes instructions to ring a premium rate 090 number to claim your prize.
Investment related scams – an unsolicited telephone call offering the opportunity to invest in shares, fine wine, gemstones or other soon-to-be rare commodities. These investments often carry very high risk and may be worth a lot less than you pay. The shares are not quoted on any stock exchange and you will not be able to sell them easily afterwards. 'Solid' valuable investments, such as gem stones, are often said to be stored in secretive Swiss bank vaults, so you can never see your investment.
Nigerian advance fee frauds – an offer via letter, email or fax to share a huge sum of money in return for using the recipient's bank account to permit the transfer of the money out of the country. The perpetrators will either use the information given to empty their victim's bank account; or convince him or her that money is needed up front for bribing officials.
Pyramid schemes – offer a return on a financial investment based upon the number of new recruits to the scheme. Investors are misled about the likely returns as there are not enough people to support the scheme indefinitely – only the people who set up the scheme are able to make any money.
Matrix schemes – are promoted via websites offering expensive hi-tech gadgets as free gifts in return for spending £20 or similar on a low-value product such as a mobile telephone signal booster. Consumers who buy the product join a waiting list to receive their free gift. The person at the top of the list gets their free gift only after a prescribed number – sometimes as high as 100 – of new members join up. In reality, the majority of those on the list will never receive the expensive item they expect.
Credit scams – another advance fee fraud, originating in Canada. Advertisements have appeared in local newspapers offering fast loans regardless of credit history. Consumers who respond are told their loans have been agreed but before the money can be released they must pay a fee to cover insurance. Once the advance fee is paid, the consumer never hears from the company again and the loan never appears.
Property investment schemes – would-be investors attend a free presentation and are persuaded to hand over thousands of pounds to sign up to a course promising to teach them how to make money dealing in property. Schemes may involve the opportunity to buy properties which have yet to be built at a discount. A variation is a buy-to-let scheme where companies offer to source, renovate and manage properties, claiming good returns from rental income. In practice, the properties are near-derelict and the tenants non-existent.
Work-at-home and business opportunity scams – often work by advertising paid work from home but which require money up-front to pay for materials; or by requiring investment in a business with little or no chance of success.
Christine Wade, director of consumer regulation enforcement at the OFT, said:
'Scammers are resourceful, enterprising, and manipulative. By exploiting the same routes to market as legitimate business, they damage not only individual consumers, but the interests of fair-trading businesses as well. We will continue to work with our partners within the UK and overseas to enforce the law against perpetrators of these misleading and fraudulent schemes; and to provide the public with the knowledge and skills they need to recognise these scams.'
NOTES
1. Estimate of the loss to UK consumers is based upon data from a variety of sources. These include PhoneBusters, the Canadian national call centre for reporting telephone scams; seizures from PO boxes by enforcement bodies; complaints to ICSTIS about unexpected premium-rate call charges; and statistics provided by the National Criminal Intelligence Service.
2. For action taken by the OFT against deceptive telemarketing see press releases 208/04, 125/O4, 63/04, 156/03 and 116/03.
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