Double your money in 2 months

For every user that comes to teacheron.com, we make on an average, $5 in one month. Acquisition cost for each user is $1 or less. I am looking for intelligent investors who can give $100 or more. We invest this money in advertising on google ads and Facebook ads to get more users. By investing in teacheron.com, you will get $200 for every $100 invested in 2 months. We are a well reputed and working from last 6 years.

I can extend the above lie indefinitely and make it more credible with each line. But that's not what this post is about. It's about knowing what's out there and how to stay away from it.

Common features of Ponzi Schemes designed to scam you are:

  1. It probably sounds too good to be true.
  2. It requires you to make members below you. The higher you are in the hierarchy, more rewards you get.
  3. It requires you to pay a fee upfront.
  4. You earn/get paid back in 6 months to 2 years.
  5. Mix common truths with half lies.
  6. The front or base of the story is usually something that people know about but don't fully understand. 
  7. No clear way for the company to make money. If there is one, it's a lie which can be taken apart relatively easily.
  8. No clear way for you to make money except by making new members. Or the second option is doing something so relatively easy while spending little time that you would think almost anyone can do it. 

Now, consider the case of socialtrade.biz which has various plans to scam you. It hasn't blown out yet but will very soon. If you already paid them, don't pay them anymore. It's probably already too late to take a refund.

When I searched "Social Trade scam", I found many links which discuss the validity of the company and its founders. For me, none of that matters. All that matters is that they claim to get paid by facebook and google even though both these companies don't pay anybody to click on the ads.

Let's review social trade on our checklist

  1. It probably sounds too good to be true - It's spending 5-10 minutes a day and getting paid 12,500 at the end of the month. Not bad for someone with no skills!
  2. It requires you to make members below you - They give you special incentive if you make members below you.
  3. It requires you to pay a fee upfront - They require you to pay a fee upfront, a max of Rs 50,000
  4. You earn/get paid back in 6 months to 2 years - You make your money back in about 5 months
  5. Mix common truths with half lies - Facebook and Google exists and they run ad campaigns. 
  6. The front or base of the story is usually something that people know about but don't fully understand. - How Google and Facebook run those campaigns and that they don't pay other companies to click those ads is not so common knowledge. 
  7. No clear way for the company to make money - Apart from the lies of how Google pays them, no clear plan.
  8. Second option is doing something so relatively easy while spending  little  time that you would think almost anyone can do it - spending 5-10 minutes a day and getting paid 12,500 at the end of the month

Now, if you share this post, you will be entered in to a lottery to win $50,000, a trip to Vegas or an iPad. Seriously!!

 


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