Assessing a Business Opportunity

November 21st, 2009 by Ashley Leave a reply »

Scam artists, unfortunately, are very opportunistic people. When they see a chance to take advantage of someone, no matter how small or insensitive, they usually do. The tough economic conditions we’re currently experiencing have left many people searching for opportunities, additional income streams or just to replace the job from which they were retrenched, which leaves them open to becoming potential victims of scammers in manyways.

Knowing that many people lost their jobs in the past year, scammers are sending out mailings, making phone calls and sending e-mails to sell phony business opportunities. Usually, they make an offer that sounds far too good to be true. And they usually are.

So, what can you do to protect yourself?

Well, the first thing is to be wary of anything you get that tells you how easy it is to make all kinds of money from the comfort of your home. Generally, scams will say you don’t need any skills, you won’t have to do much work and you’ll make all kinds of money. They’ll say you should take immediate action and that you’ll be taking on virtually no risk. Basically, if it sounds too good and perfect to be true, it probably is.

You probably should also ask yourself, “how did they get my contact details”. I, for one, hate telemarketerers. Not only because of thime they usually ring, which is between 5.00pm and 8.00pm here in Australia. For me, this is when we are getting the kid fed and ready for bed, & I have jus come home. (Our solution is to let our 2 1/2 year old daughter answer the phone. I can tell you they don’t stay on th eline very long). 

If you’ve read the offer and think the business may be a safe bet, do some research on the company. Go online and look for any negative reviews, or contact the FTC or Better Business Bureau to learn if the business has any complaints against it, or it if it’s been flagged as a scam.

Learn exactly what you’ll have to pay, what your job will be, who will be paying you, when you can expect to get paid and all the details that are central to any business or job. Be sure not only to ask these questions, but also to get it all verified in writing. When you have this information backed up on paper, you’re giving yourself some insurance. Clearly, if the company can’t answer these questions to your liking or refuses to send you a contract, stay away.

Remember that there are always scammers out there looking to take your money. Although you may be desperate, it’s important to look closely at any business opportunities you may receive. Failing to do the proper due diligence could leave you in deep trouble.

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