Internet Scams And Due Diligence Steps
Lesson # 1: - Internet Scams & Due Diligence Steps
It is to be known that Internet Scams are a dime a dozen. For instance, many of the scams that originally started as offline scams have now made their way to the online world; and because the power of the internet enables it to broaden ?reach-outs?, these scams are now wide-spread like ?wild fire?.
You see, almost everything from cheesy MLM programs to online versions of the same scams, and almost anything else scammers can dream up, now exist. The plain truth of life is this: as you dream up new ideas to make your genuine legal business to be much better and more profitable to you, so are scammers designing their own new methods of siphoning money from people. That?s just to corroborate the age-long axiom that states that ?rogues lie in wait for every new opportunity?.
And wait a minute, and know this point for a fact: Internet Scams don''t only waste your time, but they can really cut into your pocket book as well. So, BEWARE; and be ready to identify and avoid the scams.
TEN (10) INITIAL ?DUE-DILIGENCE? STUDY STEPS OF PROGRAMS ON THE NET
Therefore, before you decide to buy any business opportunity that is Internet based, you should do the following primary or initial ?due diligence? studies and be properly convinced before ?diving into unknown waters?:-
1. Make sure they list their contact information. Names of people who are involved with the site, telephone numbers ? preferably land lines, a locatable Street Address, Town & Country, etc should be conspicuously displayed.
2. Ensure existence of e-mail address: An e-mail address is fine when someone is not asking for money. But when companies are asking for your hard-earned cash in return for ?some profit?, then, definitely, e-mail contact alone is not enough. So, see other relevant issues below.
Display of real photographs is an added Advantage: For instance, in addition to lists in (1 & 2) above, a website that has passport photographs of its owner/key management staff conspicuously displayed thereon is worthy of being relied upon more-than any other site that does not display such traceable information at all. (Note: This point has actually worked for major programs on the Net; but recent experience with a program named www.forex-united.com that came into being around February, 2006 with bold picture of a fairly advanced man in age named ?Patrice Albers? and eventually disappeared around November, 2006 is now proving this point not to be totally dependable in the current dispensation).
See what kind of return policy they have. Most business opportunities should at least, offer a 30-day trial period when you are checking them out.
Go to a few sites that report on scams (e.g. www.worldwidescam.com); and verify some available information about the particular program you intend to join before doing so.
Similarly, a visit to Online Business Bureau site may be another area to check up information and complaints, but you may need to extend your findings on any program reported on there. (Useful hints are provided in the next Lesson).
Check this website www.whois.domaintools.com in particular to carry out a much broader, comprehensive and independent investigation of the website on your own. (Useful hints are provided in the next Lesson). x
Lastly, go to a search engine (e.g. Google.com or a meta-engine like Metacrawler.com); and see if you can find any dirt or complaints about the company. This is hardly a science and it is a known fact that people tend to complain more than they praise, but you might be able to find something out that will guide you further about that particular program.
For instance, if you find one or two people complaining, ignore it.
However, if you find 30 or 40 people complaining, something is going on; and ymay need to apply a ?check? on yourself.