Avoiding HYIP Scams

Updated: 02/02/2007 11:27
Hyip Monitor
HYIP can be, firstly, a great way to experience success in investing and, secondly, a great possibility to get wealth and financial independence that is very important to anyone. However, HYIP can also be quite risky but if it's done properly it can be quite lucrative. In this article we will discuss the risk in high yield investment programs and how to avoid it without losing our money?

Of course, the investor thinks that it is sometimes impossible to find out the scam in HYIP and the usual thing in any investment is losing money from time to time. We all know that there is the chance to earn a substantial amount of money in HYIP and there are also a lot of scams associated with it. But there are also rules and steps for the investor to protect himself, and it is very possible for the investor to avoid scam and losing his investments getting involved in the wrong HYIP programs.

The rules are following (they are simple to remember). Always get referrals and have information about the web owner before investing one cent. Ask for their name, where they are from, find out whom the Internet address belongs to, and also ask for a business address.

Feel free to prove all of this information correct, and do not proceed until all information is verified. If a web owner is hesitant to give you any or all of this information, it’s safe to assume you’ll be getting scammed and you should move on.

Moreover, take note of details. Most legit HYIP programs have a minimum investment of $50, but many of the scammers will let you invest for as little as one dollar, even though it’ll cost more than that to maintain the account. Also, pay attention to the website, if it sounds scripted, you might want to move on to someone who has a site that is more than vague, is unique, and really seems informative and legitimate.

Other methods to avoid the horrible scam in investments are paying attention to details and asking questions. Undoubtedly, it is the best way to separate the good from the bad. Those who are well intentioned will be straightforward, knowledgeable, and will have nothing to hide or copy from others. So, go ahead and invest in HYIP, just be smart to make sure you are investing in a real opportunity.

It is hard to keep in mind all the tips, steps and rules to avoid the scam you have no choice when looking for the right internet business opportunity. The old saying, “If it sounds to good to be true, then it probably is”, is still relevant when it comes to making a business decision.

In order to make money you have to work for it, there is not a real wealth building system on the internet that will allow you to go from internet novice to making a five-figure-per-month income in 30 days or less.

Another important rule for the HYIP investors is to stay away from all chain letters or anything that requests the investors to put their names on a list, send someone on the list money, and to redistribute the mailer in return for the chance to make money. That is not only a scam it is illegal!

The best way for the investors is to educate themselves and stop being scammed by the get rich quick tricksters! It is not difficult to just remember to not make spontaneous purchases, research your potential internet business opportunity, and keep in mind that “if it sound too good to be true, then it probably isn't”.

However, it is not enough to know and follow the common rules of avoiding the scam in investment. Every investor must find out his mistakes in investing his money and in this way it will be also possible not to lose much money.

The most common mistake is full trust. Anyone can read such advertising: “Make $30,000 in 30 days - guaranteed - with this system!” or “Work just one hour a week and make $20,000 a month - Guaranteed!” OK but where is the scam there, you can ask?

I give you an interesting example: one investor (and he was not a novice in HYIP business) invested some sum of money in such project. Guess what happened? But few days later the company did not pay any yields to him and also cancelled his membership. Not only dirty but cowardly. The sad thing is they play on people’s hopes and fears.

In the conclusion, we can say that the Internet is full of legitimate business opportunities that can provide a full-time income, even great wealth. Moreover, the Internet has become full of these get rich quick predators! So much so, that internet marketing has been given a blanket reputation of being a scam. The facts are that the internet is full of legitimate opportunities, despite the work of the online jackals.

You can avoid scam and get your high yields from different investment programs and projects. But you need to keep in mind the rules and tips how to avoid it in the Internet. And the last thing is the formula of the successful investment online: A viable internet business opportunity is built around identifying a profitable niche, then building a useful and informative web site around that niche.

Finally, it only becomes profitable when you can successfully send targeted traffic to that site and convert them into paying customers. Any system that tries to teach you any different is more than likely a scam!

About the author

Nicole Berger has over seven years experience writing and editing for online and print media. She has held various editor and associate editor positions in some of forefront independent media publications. A consistently dependable team player, I thrive in a high-pressure environment, enjoy the challenges of meeting deadlines and managing a team, and am comfortable researching, writing and editing on a wide range of topics.
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