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Avoiding Home Business Fraud

By Aniko Fekete

With the job markets continuing to tank more people are looking at starting a home business as a means of supporting their families. Unfortunately, many offers for home business opportunities are being made by individuals preying on the needs of others.

Many internet users are finding their inboxes deluged with offers of making bog money with little or no work. Secrets to making big money on the internet are available from many different companies, offered only after they “unlocked the secret” of hitting it big on the internet.

In most of the internet websites attempting to get people to send money for a guaranteed successful business, will be filled with success stories about ordinary people who were nearly broke and facing bankruptcy until they signed up for this program. Now they have more money than they know how to spend and they offer enthusiasm thanks to the person who unveiled the tricks to making an obscene amount of money for doing nothing.

There are a few aspects of internet advertising for moneymaking opportunities that should raise red flags and sound some loud bells before sending any money or worse, entering your credit card information.

1.) Beware of limited time offers that will expire in a couple of hours, if not in minutes. People needing to find a home business are often duped into signing up for a worthless program, wanting to make sure they secure their place in line before the opportunity is gone. Go back and visit the site later in the day or even a day or a week later, and chances are the same ad will be there with the same time limit warning. There are so many options to choose from it can be overwhelming at times. Do not fall for a limited time offer message. There is no reason why you should be pressured to make a decision immediately.

2.) Read through the entire offering in the initial ad and when you reach the end, go back and read it again. There are legitimate opportunities however you have to make sure you can go through all of the information in a relaxed manner, have all of the due diligence upfront so you can make an educated decision. Definitely read through everything thoroughly, write down your questions and get all of them answered. Call the owner of the website and ask your questions. Ask to be introduced to other leaders as well. In addition to being introduced to leaders in the company ask to participate in training and company calls so you can sense the integrity of the company and team you are working with. It is very important for you to find out how the back end operation, training and support that is available to you and your success.

3.) It is not unusual for companies offering what amounts to a franchise for their business to request money up front. Legitimate brick and mortar businesses have been doing it for years and it’s an acceptable practice. However, before you opt in to a program, find out exactly what you will get for your investment. If it is only the right to use the name, move on.

4.) Ask for contact information about those in the testimonials to get your own take on their success. Chances are that will be “confidential” information and not available.

Additionally, contact information for the company wanting you to send money now should be clearly available in their website. Hiding behind an email address is a common ploy for those looking to take your money and offer nothing substantial in return. It’s your money they want, demand answers before sending it. It is better to have contact information upfront so you can talk to the owner live. Make sure that you do your due diligence and have access to the full business opportunity overview, compensation plan, training calls and back end support.

5.) When making this decision it is best to know exactly what you want out of your business before starting it. Have a checklist handy that will assist you in making a decision when choosing a business opportunity for yourself.

Make sure you have some of the main characteristics that you definitely want in your business written down before doing your research.

Check your list against the following:

1.) Is the business plan of the company posted on the website

2.) Do you have access to the phone number of the website owner so you can call them w/questions

3.) Does the company have solid stand alone products that can be sold without the business model? Can the products be offered on a stand alone basis even if there was no business opportunity attached?

4.) Is there a duplicatable marketing and turn-key system available to you

5.) Do you have access to an unlimited number of websites that are proven to convert to leads available to you?

6.) Is there a marketing system with full training available to you?

7.) How many training calls are there weekly?

8.) What is the back end support and system?

9.) Is there a residual compensation available to you to pay for your efforts not only today but in the long run?

10.) Is there a coach/mentor that has a financial vested interest in your success so you can make sure they will teach you everything they know? If you are passing up a few sales and your mentor is not getting paid for continuous efforts to assist you ask yourself if you are looking for a guide and road map versus someone that will only assist you in the beginning.

The bottom line is to ask yourself what your ideal business would be for you. If you are looking for a business from home make sure you have leaders in place to assist you in your journey as an entrepreneur from home without having to stumble across the same obstacles and roadblocks that someone else already has.

Learn Why 97% of Business Fail & how you can implement what 3% are doing Online to be Successful. Get Your Free 10-day email Boot Camp Today by visiting link below now!

For more information --- http://www.MagneticEntrepreneurSuccess.com

Aniko’ Fekete is a home business entrepreneur, internet marketer, coach and mentor. She coaches entrepreneurs to achieve a six figure annual result from home. To receive your Free "Insider-Secrets Exposed: http://www.MagneticEntrepreneurSuccess.com

Article Source: http://EzineArticles.com/?expert=Aniko_Fekete

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