Work from Home Business Scam Sidelined

Would you be tempted by an online business training program that promises you could earn thousands of dollars a month working from home? I wouldn’t blame you if you were. But don’t believe the hype. Promises like these are signs of an online business scam.

The FTC recently took steps to stop a company that was promoting a bogus online business opportunity to retirees and veterans, among others. The company claimed that you could start your own business working from home and make a LOT of money by following its 21-step system. How much is a lot? One of their websites said you could “make $5,000, $10,000, $20,000 or more every single month.”

Despite the promises, most people who paid for the online business program made little or no money. But you know who did make a lot of money? The people running the bogus business opportunity. The FTC alleges they collected more than $125 million from the customers they ripped off.

Recognize the Signs of an Online Business Scam

Marketers of these fake business opportunities often make similar claims that are a sign of a scam. They:

  • Guarantee that you can make a lot of money.
  • Promise that you can make money quickly and easily.
  • Use high pressure sales tactics, like saying you’ll miss out if you don’t buy in now.

Report Scams

If you come across someone selling a business opportunity that you think could be a scam, report it to the FTC. Why bother? Because your report matters.

This article by the FTC was distributed by the Personal Finance Syndication Network.

The post Work from Home Business Scam Sidelined appeared first on Personal Finance Syndication Network.

About Damon Day

As a Debt Coach and a Financial Advocate, I have saved my clients Millions of Dollars by exposing the debt relief scams that other consumers fall victim to. I work directly for my clients to create custom debt relief strategies based on their own unique circumstances. Consumers who speak with me first, come out far ahead of those who don't, every single time. Guaranteed. +Damon Day