Statistically
over 90% of hopeful beginner internet marketers fail. Sadly this is the market segment that scammers
target most aggressively with Hype and misinformation.
About getting rich quick online
Earn a massive monthly
income
Without having any qualifying skills or
education
By spending only few hours a
week
On doing something you have no previous
experience with
At the same time you can keep your own
hours
Make a fortune
With no risk
Go on dream holidays
Drive the car you always wanted
win the admiration of your peers
and not need to worry about your
retirement
Is this for
real?.... What's the catch?... This simply sounds too good to be
true!
Nigerian 419 scams aka 419 email scams or 419 frauds is an example of an advance fee fraud, They are common in South Africa and can be financially devastating and life threatening.
Charles Ponzi is known as the father of the so called Ponzi scheme. This scam is a type of illegal pyramid scheme, which fraudulently deprives investors of thousands of hard earned money.
If what we read on the internet is to be believed there are subliminal messages in music, movies (including Disney movies), advertising, logos and even in Barney.
The world is in a global economic recession;South Africa has not escaped the effects of this catastrophe. Jobs in South Africa have always
been scarce, now more and more people are being retrenched and businesses are shutting their doors. The world
wide depression has many people looking for an alternative form of income to make ends meet.
There are many swindlers and con-artists who are trying to take advantage of this dilemma.
Pyramid scheme and multi level marketing peddlers are actively canvassing
desperate consumers, who are willing to try almost anything to feed their families and keep their heads above
water.
The internet is buzzing with opportunities, featuring almost “fool proof” guarantees on success.
These systems sell instructional information, software, or methods, which promise the potential of great
wealth and success. Many of the programs are legal and legitimate, yet not everybody can effectively utilise
these ways, especially in the South African situation.
There are also a great number of “get rich quick schemes”, which simply exploit people into
parting with their hard earned money. Tricksters on the net take advantage of the ignorance of the ordinary
man on the street, by either selling pipe dreams or useless and outdated information. Sometimes they
irresponsibly promote illicit schemes.
The pertinent questions is why do people who seemingly display
some degree of common sense and financial acuity fall for scams, schemes and hype. Surely when
something sounds bizarrely unlikely or simply too good to be true intelligent people wont be suckered into
spending a small fortune on something that offers rewards beyond reason and common sense.
One great reason for such a lapse in judgement is possibly what
if...What if it could be true and
possible.What if it is a pyramid scheme and I come in on top and get paid
out a fortune.What if this revolutionary new way of making money had not been
tried yet. What if the gamble pays off.
Many money making schemes as described above do not have their
root in the internet, but have taken a firm footing in world wide web as a result of the the anonimity and
automation provided by this online medium. These money making schemes and ilegal scams such as pyramids,
chain letters etc. have in fact been around for much longer than the internet has.
The internet has, however, proved extremely effective in marketing
illicit scams and irresponsible schemes. There is also a great market on the world wide web for money making
strategies and online businesses. Common sense would dictate that if someone stumbled across the recipe from
instant wealth it would be a closely guarded secret that the discoverer would not share with the world at the
first opportunity.
It is up to the
internet user to recognise iliicit scams unrealistic money making schemes and irresponsible internet hype in
order to not fall victim to frauds or carelessly squander their life savings.
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