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Charles Ponzi was a real person who ran a scam in 1921. An article posted on the United States Securities and Exchange Commission website explains what that case was all about. Apparently Ponzi got away with millions of dollars. In one day alone, he was given over a million dollars on the promise that one and a half of the amount would be paid back in ninety days. Although he was arrested, not all of the money was recovered and he became a notorious schemer.

One would think that nowadays people would be wise to such an offer. Yet we see offers on the internet where people show large amounts of money being made in very short periods of time while the audio tells you that it was easily done. A good rule to follow is “If it sounds too good to be true, it probably is.” Another rule could be “Never spend money you cannot afford to lose.” Okay, that would be a protection but how do you spot a “Ponzi Scheme?”

You would be correct to consider any PROMISE as suspicious. Logic shows that even an employer cannot guarantee your income. If you do a lousy job, you will be demoted or your pay cut or even the company might need to do cutbacks. Regulations now require that a disclaimer be placed at the bottom of any website talking about income potentials. You should read that, look for money back guarantees or BBB logos on the site. Also, is there information for contacting them and have you tried it out?

Too often you pay for the “secrets” only to learn that the way to make that kind of money is to do exactly what he just did to you. That can add insult to injury. Now you may think that all hyped-up internet sales pitches lead to rip off and embarrassment. However, applying that to all internet Network Marketing would be a fallacy. Before you write off every opportunity, a better choice might be the ability to recognize a genuine offer.

Moving on to the positive side, you will find that a trustworthy company usually offers something free so that you can get familiar with them first. Free trial, $1 trial, low-cost money back guarantees are all indications that the person or company is willing for you to try them out first before you commit to a paid subscription or buy their higher priced item. They do not ask for your bank information and most use Pay Pal or other reputable internet service. This way the seller never sees your card information and subscriptions can be easily canceled. You can always check their BBB rating and if they have complaints that were never handled. A reputable person will be easily located on the Social Networks, listed in the browser if you Google their name or company. You can check how long they’ve been online, how many friends they have, recommendations, testimonials, sell through clickbank or plimus.

If you are an online marketer, realize this works both ways. If you want to build trust, those are some of the things you should use and display. The more money you are asking the person to hand over, the more reliable and trustworthy you will have to be. Signing someone up for a product or service is not enough. You should always follow up to ensure they are satisfied and got what they paid for. Let the person know you are there and available.

In short, a “Ponzi Scheme” is a promise of return with no real basis. It is a rip-off.

A “pyramid” is a promise of return where you send money up the line with a promise that it will come back to you from people down the line. This is usually perpetrated via emails. Whatever the angle given, the very structure of the pay out guarantees that it will fizzle out eventually and the bottom of the pyramid loses. It’s not that the structure itself is illegal but the fact that no product or service is being sold and promise of return is being given. The simplicity of this is, don’t do it. Why play into the hands of those who want to get rich doing nothing.

The actual structure of a pyramid is not what makes it illegal. If that were true, most corporations would be shut down. A few at the top receive the highest pays while the bottom is wide with the lowest pays. However, if you are getting paid what you are worth and the company supports advancement in the ranks, this structure works.

This is where network marketing companies are excelling. They can provide a legitimate home business allowing freedom of time and finance where this entrepreneur will get paid according to his or her work and skill. Working as a team is vital to the business success and leaders are made from experience. This is why many prolific wealthy marketers are convinced that online network marketing is the business of future. The old school MLM is swiftly changing to adapt to the needs of those who are tired of the instability of the corporate world.

This is good news for network marketers. For those stuck in nine-to-give go-nowhere jobs, the chance to win a cruise and a luxury car while making $20,000 a month is appealing. It is not a promise and therefore not a scheme. Anyone in the company can get their act in gear and shoot to the top in earnings. The proof is now there. Plus, regulations have forced companies and marketers alike to behave themselves online if they wish to remain in view and out of court. With the speed of the internet and programs available, internet network marketing is growing at a rapid rate.

The fact that you don’t have a person there or a building to go back to makes rip-offs easy to get away with. This may never change. The points given above can help both the consumer and the legitimate marketer know before you go. Learn it because online network marketing is definitely a growing international business.

Learn more about internet network marketing. Stop by Cheryl Currie’s site where you can find out all about keyword #2 and what it can do for you.

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