CLICK HERE FOR BLOGGER TEMPLATES AND MYSPACE LAYOUTS »

Friday, April 23, 2010

How to Spot a Scammer!

Here are some tips on spotting a direct selling scam:

LICENSE

A MLM company without license is without a doubt suspicious. The usual line given by these scammers is that they are doing online business and a license is not required. That’s a whole load of BS! They are doing online because they CANT get a license!

If a company has license, it doesn’t automatically mean that they are legit. The license could be for the company to do other business.

PRODUCT

Since Bank Negara stated collection of money without products is a violation of our financial laws, all scammer started to introduce half baked products into their schemes.

How do you know if the products are half baked?

Compare the value of product and money paid.

Can the product be sold at the same price?

Example:
RM360 for a tiny banner space on the internet.
RM1000 for a long sleeve shirt (not branded)
RM3600 for an overseas trip.
RM5000 for a diamond.

All products are below the value of money paid. The products are just there to cover the fact that they are running a money game.

MARKETING PLAN

It’s binary.

There is pairing bonus.

If you are good in calculations, you will see that the plan over pays.



Be careful, most scammers are very charming.

They are selling you a dream.

Their keyword is EASY!

MLM is NEVER EASY.

True MLM promises high returns for HARD WORK!

MLM is for those who wants their hard work rewarded.

MLM is for those who wants to be financially independent!

0 comments: