I just went through all the most popular business opportunity magazines you find in the major bookstores such as Barnes and Noble & Borders. Here are some headlines that you’ll see in these intriguing ads:
- Make $402,985 in 12 Months, I’ll show you how
- Get Paid $895 a Day Sitting on Your Behind
- $1,000 a Week Processing Inquiry Envelopes
- Make $5,000 A Month Posting Website Links
- $10,000 in 30 Days or Less
- $2,500 or More EVERY MONTH by Mailing My Simple Form
- Raked in $207,812 in 6 Months
Many people look at these ads in amazement and think there must be something to it. Many believe that if they can afford to place full page ads in a major magazine then they must be very profitable and legitimate. One common saying to consider is as follows: “If it sounds too good to be true then it probably is!”
You have to ask yourself, how can you possibly make all that money without doing anything or selling anything? It just doesn’t make any sense if you take a step back and look at it realistically.
Basically, these so called cash systems are nothing more than pyramid schemes and are illegal. A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, typically without any product or service being delivered.
A pyramid scheme combines a fake business with a simple to understand yet sophisticated sounding money making formula which is used for profit. The essential idea is that you make one initial payment and to start earning you need to recruit others like you who will also make one payment. You would then receive a cut for all others under you that are recruited. You’ll be promised huge profits as the recruiting continues. Most of these scams are also full of fake referrals, testimonials and other convincing information like fake profit checks and images of cash, luxury homes and cars.
Only the originator and the very few at the top levels of the pyramid make significant amounts of money. The profit amounts go down as the pyramid slopes. People at the bottom of the pyramid (the majority who signed up for the plan, but were not able to recruit any additional people) end up losing. If you take a closer look in the magazine advertisements you’ll also find a bunch of small low cost ads in the classified section of the magazine which also claim to offer easy cash systems. These ads are typically from those people who got into the pyramid scheme and are trying to recruit others into the lower ranks.
My advice is to stay far away from these easy money offers. Look for a legitimate business opportunity where you can offer a product or service to legitimately earn money. Look for companies who provide their business name and full contact information so you can check to be sure they are registered in their state.
In addition, look for companies who are a member of the Better Business Bureau with a good track record which can be verified by calling the BBB in the state where the business is registered or using a link to the BBB from the company website.