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What to watch out for:

There are probably far more scams than genuine opportunities out there, so a certain amount of discernment is required, and it does no harm to arm yourself with some knowledge of what to look out for in a scam.
While there are schemes that will pay you to read emails or click on adverts, the payouts from these are VERY low, at most a couple of cents a time. For any scheme offering more than that, you should use the ‘where is the money coming from?’ test… What right-thinking advertiser is going to pay you a lot of money just for clicking on their advert? They can only benefit if you actually purchase something from them. They will probably need thousands of random clicks like yours before they are likely to get any interest at all for their product, therefore they are NEVER going to pay something like a dollar per click,

Personally I rank the value of this type of advertising extremely low and I would never consider using it for a product that I was promoting. More profitable are the schemes that pay you for signing up for things in the hope that you will continue to use them. If you think about it, this is more valuable to the advertiser because you are definitely getting a customer from this process even though the ‘customer’ may take the money and not some back, there is always a percentage of customers who will prove profitable in the long-run. Besides which it would be beneficial for some schemes to be able to demonstrate a high number of participants even if those participants are not active or profitable. Once again we are applying the question: ‘where is the money coming from?’

Avoid pyramid schemes.

Let me expand on what that means:
A pyramid scheme is where you pay an amount of money and then you sign up people under you to do the same, each time you get a cut of their money. That's it.... no product, no service just pure money-shifting.
Let me tell you then why it is a daft idea (unless you are at the top of the pyramid, then it is just illegal and immoral - not daft!)
Here we go then, you pay your $20 and are promised $5 from each of the six people you must get to join, you will then get another $5 for anyone that the people under you get to sign up...

So let's assume you get your first six, they in turn must each find another 6, so that's 36 to get to the next level (don't forget the 3600 most gullible suckers have already gone...). in turn this 36 must find 216 and this 216 must find 1296 and they must find 7776 - if the other 100 people who joined the scheme are at the same level (this is only level 5..) then there are already 777,600 signed up to the scheme, one more level is going to require the handing over of $20 from a total of over 4.5 million suckers from the people who joined before you and an additional 46,656 from those that signed up under you. Of course these suckers will never get paid out because they will need to find nearly 30 million suckers willing to part with $20 bucks (level 7), and even if by some miracle every sucker in the world is dragged into it, the scheme can’t possibly get to level 8, we are looking for (not 6 people like it seems to each individual) but nearly 180,000,000. You have no way of knowing that you are not already at level 7 and therefore sitting alongside a miserable 30million people right on the bottom of the pyramid.
I hope this helps to demonstrate why pyramid schemes are dangerous and illegal in many countries - these schemes very soon require more sign-ups than there are in the universe, and probably ONLY pay out if yours was the criminal mind that started the scheme in the first place... the figure of $20 and six sign-ups is off the top of my head - each scheme has it's own parameters...

In summary: The adage, ‘if it sounds too good to be true – it probably is’ was never truer than when applied to internet money-making schemes…yet there are opportunities out there to make reasonable amounts of money for most people, and maybe even a living for exceptional people.

This is how one ‘get rich quick scheme’ reseller describes his activities:

I am now racking up at least $1500 a month and really doing nothing but watching for the hottest new "get rich" fad to sell. Think of yourself as one of ten million people looking to make dough and if you only sell a $15 product to a fraction of them...that’s how its done my friend and all the ebooks in the world say exactly what I just said but they charge 29 bucks..

That’s all the bogus schemes in a nutshell – this is what they look like when you click on the link (they are all from the same mould): There are always pictures of stuff like cars and boats, all the stuff they are subliminally offering you – ignore those for a start. The page is always fairly long and there is always plenty of blank space either side. The price of the scheme is never higher than half-way down and it will take you a while to get to it – there is never any mention of a cost until a hint starts to creep in as you read through. The scheme owner always wants to ‘share’ his secret, but does not really explain why he would share a million dollar secret for $30 instead of just exploiting it for himself…. Some of them even try to tell you that there are diamonds involved somehow, but you only get a voucher for diamonds, which is not actual diamonds in my limited experience of precious stones. Once again you have to ask yourself: where is the money coming from, and the answer is almost always from your pocket.

Latest update:

I just came across a web site that used two more typical tricks to entice you to part with your money:

1) There is a clock ticking away the seconds until the offer expires... If you revisit days later, the clock starts again!

2) In the same vein, at the end of the page (usually in red) is the day that the offer expires, It's Tuesday and it's today that the offer expires! you just got there in time!!! However, if you revisit on Friday, the offer now expires today... Friday...!

If they are prepared to attempt this small scam - ask yourself 'are they also planning a bigger scam?' before you part with your money.

By: Jay Livewyre

 

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Please note that the comments from the 'get rich quick' scheme seller are paraphrased to save me from litigation - the sentiments are genuine, the exact wording has been changed.

NB. if you want to know how the rolling expiry date scam works, just take a look at the example PHP on John Well's page.

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