Businesses to Avoid
Pyramid Schemes
- They make their money from the “signing up process”.
- They usually focus on signing up more people to sell the products or services of the company.
- When the people that signed up fail to make any money, they usually feel taken advantaged of. This can put a strain on close relationships.
- Some multilevel marketing companies are pyramid scheme.
- There are legitimate multilevel marketing companies like Mary Kay, but it usually takes 3-5 years to create a decent income.
Work at Home
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While people do work from home and earn a good living especially since the internet took off, most people working from home do not make a decent income.
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Beware of opportunities that you hear about through e-mail, magazines, or over the telephone.
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Often, no real company exists.
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Beware of opportunities that promise to give you a “packet of valuable information” for a fee.