Legal Help on Home Base Business Scams Colorado

Steps

1. Start some continuous learning from a Mentor in the industry. The mentor will keep you up to date with whats happening in the Home Based Business Industry and guide you through the scams.
2. Scan the Business opportunity website for any vocabulary that says the opportunity is "easy" or "we do the work for you".
3. Look for any outrageous claims and use your common sense as to whether they can back up their claims.
4. Ask the company for the names of successful people who have made money out of the opportunity.
5. Look at the compensation plan and work out how much you could earn in your first six months of business.
6. Read the fine print and see if there are any hidden costs associated with the opportunity.
7. If you have been keeping up your contact with a mentor even it it's just through a blog, ask your mentor to evaluate it for you and see what he/she thinks. (This is the safest step because they will be able to give you sound advice with no hidden motives.) Plus you can piggy-back off their knowledge and experience.

Tips

• The best way to start to get in touch with a mentor in the industry is to ask question on his or her blog. (A good blog to follow is listed in the sources and Citations section.)
• The hard thing is finding a good blog that offers unbiased business advice.
• If the company can provide names then you should talk to these people and see what they say.

Warnings

• If the opportunity requires you to buy an exhaustive amount of product at a very high price then you are looking at a pyramid scheme of some sort.
• If the compensation plan offers a large amount of compensation for recruiting other people then you have found yourself a scam.
• If the company focuses on only recruiting more people then you have found a scam.
• Be wary of choosing a Business Mentor who is in the same opportunity as you or one you are about to join because he is bound to give you corrupt business advice.
• Any website that says a business opportunity is easy is lying.

Sources and Citations

• [1]

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Tell if a Home Base Business Opportunity Is a Scam. All content on wikiHow can be shared under a Creative Commons license.