LESSON #5: How to Avoid Scams

By | June 16, 2008

In the previous lesson we talked about a bunch of different ways of making money online. If you go out looking for those money making opportunities, you’ll find that there are literally thousands of them.

The question now is… How do I separate the real opportunities from the scams? Because we all know that the internet is full of scams, right? So lets talk about it…

(Watch this video…)

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Main points:

  • I believe that most business opportunities are not scams. But just because something isn’t illegal, that doesn’t mean its something you want to get into.

  • There ARE a lot of scammers out there though. There is no limit to how far a con artist will go to take your money. So you need to be on your guard.

  • If it sounds too good to be true, it often is.

  • Be an educated consumer. (here is a place to start: the FTC)

  • Don’t buy ANY business opportunities. (unless you honestly know what you’re doing)

    Action steps:

    1)If you ARE knowledgeable about scams, don’t let down your guard.

    2) If you don’t know about the most common Internet scams, do some research and become an educated consumer

    3) Put your wallet away

    Soon it will be time to choose one business model and focus on it, but before we can do that, we need to talk about two different pathways… and only you can decide which one is best for you. We’ll talk about those two pathways in the next lesson.

    As always, you are welcome to post your questions and comments below.

    Have a great day!

  • 365 thoughts on “LESSON #5: How to Avoid Scams

    1. Carl Davies

      You indeed educated us well on the well-known scams and not so well-known scams online. And I haven’t really heard of the scam “Phishing” . But, I do now. So, thank you!

    2. Marc M. Demers

      Hi Eric,

      Thanks for your great tips about Scams.

      My biggest concern is more about too many good offers out there.

      It’s hard to stay concentrate and not jumping in one and another.



    3. Tom Reininger

      In your tasking about scams. I can tell you about a good one, that is still operating. That is ‘Future Ranking dba Optimized Solutions’. They called my Do Not Call phone a couple of years ago about a great deal on a web site. Well, my ADD had been working overtime and had me overwhelmed with things to do. So I didn’t pay attention to it like I should have. It started out with $1,600.00 and change. Then over the period of two years it grew to $60,000.00. That was about the time I started waking up and realizing they were selling me the same things 2-3 times. I asked for a refund on some of it. That didn’t work, so I demanded one. All that did was get me locked out of my two web sites. Believe me, I’ve written the FTC, FBI, and the Attorneys General of both AZ and WA. They are in Bellevue, WA. I’ve also contacted Scambook(?).com and Ripoffreport.com. I’m still not done contacting people. I will do my best to make life as miserable for them, as they have done for me.

    4. Tom M Reininger

      Hello again, Erik, I just wish to add one more item about the above scam/fraud ‘Future Ranking dba Optimized Solutions’. One thing that really gets me. It used to be that one could trust the Better Business Bureau. I don’t any more. They are in ways part of why I got so involved with FR. They had an A+ rating with the BBB. A week or so ago, I checked again, even after my complaint a year ago, the BBB still is giving them an A+ rating. I don’t know why, unless they are in bed with them?? or getting paid under the table?? When I saw that, I completely lost respect for the BBB. I think you can understand why.

    5. Fred

      Thank you for the information on scams and explaining it so well, and being honest about it. Yes, there are many scams out there, but that does not mean there are not good internet marketers out there like yourself.


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