Know a Scam When You See One

About a year ago, a young gentleman approached me about a new business he'd recently started and like a good networker I told him I'd take a look at it and also asked him if he'd take a look at my business. Well I got to his website and it turns he was promoting some sort of "cash gifting" program. Immediately, I felt like there was something terribly wrong with what I was looking at. However, my in my inexperience I didn't have the knowledge base nor the MLM vocabulary to really express why.

Instinct served me well that day because as it happens these cash gifting deals are highly illegal. Basically, it's like this - if there's no goods or services being exchanged, then there's no business. Cash gifting is among the worst type of pyramid scams out there. It hearkens back to the chain letter days, the "send me a dollar and then mail this letter to 5 people" days.

It's these types of pyramid scams that tarnish the good name of Network Marketing. So, if you're approached by someone that tells you about a new business venture he's gotten into and then he shows you a video of people opening FedEx packages stuffed with 20's, run like the wind and don't look back.

And, as much pleasure as it would give me to expose each one these programs for the scams they truly are, know that you are better served by doing your own due diligence. Do as much research as you can about any business before getting started and if you're gut tells you there's something wrong, then chances are there is.

If you're looking, there are plenty of great companies to work with out there. Just do your research and it'll only be a matter of time before you find the right one for you. And it just so happens that I'm working with a great company, so contact me if your interested... :)


*For some great tips on how to distinguish between a legitimate MLM and a scam, Click here.