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If you’re looking to make money online, and you have little to no experience, then you might find the enormous amount of cash generating systems confusing. Some might sound attractive while some others may sound completely uninteresting or boring. How to avoid online scams might be your big question here.
I will talk about one of the most popular ways to getting scammed online, and how to avoid online scams such as these.
Investing in various “companies” with different “visions and goals” seems to be popular these days. Many of them promise huge ROI (return on investment) which sounds too good to be true. These programs are called HYIP (high yield investment program). They are nothing but ponzi schemes where no real product or service is created or sold. All the money comes from people who invest in it. Due to the nature of ponzi scheme they all die sooner or later. Usually it takes 2 to 6 months to collapse — the scammers (the admins) will run off the money.
They all seem to follow the same principle, the same pattern, almost as if they used a scammers handbook.
I will explain their life cycle and behavior in bullet points:
I have lived through 3 of these HYIP scams on my own, and then watched several other scam programs go through the exact same life pattern.
Some friends of mine got burnt very hard with these, and they also invited many people! You can imagine the feelings and emotions these people had…
If something seems too good to be true, then it’s not true, it’s a scam. There’s no way you can make $5000 from $100 in 60 days unless it’s a ponzi scam. I have even seen (and tried) a program that promised $144,000 from $500 in 50 days, and $384,000 from $350 in 75 days. THIS IS RIDICULOUS! I would avoid online scams such as these, and stay far away from them!
Legitimate investment programs make realistic and often incoherent daily returns, less than 1% daily. Forex trading can make more, but it is a risky type of money making. It’s like gambling. You can also lose everything in one day. I wouldn’t suggest forex at this time, unless you’re an experienced trader.
I will suggest a few long term earning programs I’m using for quite some time by now. They are 100% legitimate business opportunities. You can earn passively or make even more if you’re an active networker. They have MLM (multi-level marketing) strategy so promoting it will be rewarded. The main difference between MLM and pyramid/ponzi scheme is the substance. MLM is used as a marketing strategy to promote a product or service that really exists. Pyramid/ponzi scheme doesn’t have any product or service, their only, I repeat, their ONLY profit is what the people bring in when they join.
Here are some of the best and solid passive income opportunities:
Avalon Life (Make sure you use the partner/affiliate/sponsor ID: AVX87782)
Trade Coin Club (StargateMax is your sponsor name/ID)
This list may grow as I try and test more ways to create long term passive income streams without getting scammed.
My last advice:
Stay on the safe side and don’t lose your money to ridiculous investment programs!