The internet offers numerous ways to make money, but it also hosts scams. Here are five common online business scams and how to recognise them:
1. Multi-Level Marketing (MLM) Schemes
What it is: MLMs promise income through sales and recruitment, often focusing more on recruiting than actual product sales.
Why it’s a scam: The vast majority of participants lose money, with only those at the top profiting.
Warning: If it feels like a pyramid scheme, it probably is.
2. Online Survey and “Get Paid to Click” Sites
What it is: These sites claim you can earn money by completing surveys or clicking ads.
Why it’s a scam: Many pay very little or not at all. Some sites charge an upfront fee but don’t deliver.
Warning: Avoid sites that ask for money up front or promise unrealistic earnings.
3. Dropshipping Scams
What it is: Dropshipping involves selling products that are shipped directly from a supplier to the customer.
Why it’s a scam: Some courses and services overcharge for basic advice and use low-quality suppliers.
Example: “Million Dollar Dropshipping” scams promise big profits but offer minimal support.
Warning: Be cautious of programmes that promise quick profits for high fees.
4. Fake Freelance Job Platforms
What it is: These platforms claim to connect freelancers with clients but ask for upfront fees or direct you to low-paying jobs.
Why it’s a scam: Once you pay, the job listings often turn out to be fake or unprofitable.
How to Protect Yourself:
- Research thoroughly before committing.
- Be sceptical of promises that seem too good to be true.
- Look for red flags such as upfront fees or pressure tactics.
- Report suspicious sites to the relevant authorities.
