Claims of fast, easy money can be very tempting, and free seminars/workshops supply the ideal setting to get people worked up about a new endeavor. The lively atmosphere makes it easy to jump into what seems to be an up-and-coming investment product or business opportunity. If you do buy into it, you are apt to discover that the information and products you paid for are bogus and your money is lost forever. So, what is an investment scam? Here’s how it goes down:
The Workshop Pitch
Apparently, you will get worthwhile information about how to run a profitable business or successfully invest.
The testimonials and “success stories” seem to indicate that nearly anybody can make money if they simply follow a few easy steps.
Some advertisers even profess to getting rich using their own schemes.
Sales pitches and advertising materials frequently make exaggerated claims, such as:
- You can make loads of money super fast, despite your level of training or experience.
- The program is a “sure thing” that will bring you ongoing financial security.
- You will rake in cash by working at home or part-time.
- You will be coached to succeed every step of the way.
- The scheme worked for other members – even the promoters.
Considering Buying In?
Thoroughly investigating the opportunity prior to committing is a more practical and effective way to protect your money than trying to get your money back afterwards. Here’s what to do:
- Slow down and take your time. Do not rush to purchase anything at a seminar or workshop, despite the cheery atmosphere and vigor in the room. Avoid strong-arm sales pitches that request you purchase now or take a chance on losing out.
- Check into the business or investment you are considering thoroughly. Talk with seasoned business people and professionals in the area prior to investing any money.
- Be suspicious of testimonials and “success stories.” The promoters might have paid a co-conspirator to give glowing testimonials.
- Do not purchase from workshop representatives who hesitate to answer all your questions or who give very vague answers. Legit businesspersons are more than happy to provide you with precise information regarding the opportunity and their personal experience.
- Question how much money you are required to have in order to qualify for the business opportunity or investment, and find out what the company’s refund policy is. Get all this information on paper. However, keep in mind that you might never get the money back that you gave to a fraudulent workshop organization, despite what they tell you or have written down about their refund policies.
Watch this very helpful video on scam seminars:
So, I hope I’ve been able to answer your question, what is an investment scam?
I leave you now with these few tips. Slow down and don’t be pressured into anything right away. If the investment or business opportunity is legit, it will still be there tomorrow. And, trust your gut. If it doesn’t feel right, 99.9% of the time, your instincts are right on the money.
Have you ever been a victim of a seminar or workshop scam? I’d love to hear from you. Please leave your comments below.
Before you go, I need to ask you a few very important questions …
Are you searching for a GENUINE Online Business Opportunity?
Are you tired of struggling online and want to once and for all succeed by receiving first rate, step-by-step training along with everything you could possibly need to succeed wrapped up in a complete package? …And, did I mention that it’s FREE? Yes, FREE!
Here’s to your success!