Make money scams are a hot topic. People like to think that when their money fails in online or home based businesses, it’s because of money scams. But that’s not always the case. There are many reasons why you could have had money failure, and it’s time to be more smart when it comes to making money.
Imagine that you invented a better mousetrap —it’s an invention that people all over the world would clamor for. And then imagine that you sold the invention with full manufacturing and selling rights to 100 people. But out of that 100 buyers, only one purchaser became a millionaire. The other 99 people didn’t make money out of your brilliant invention, and now they’re demanding for their money back.
You should ask: if the invention didn’t make money for them, does that make it a make money scam? Or think about it this way. If you toss a coin 100 times, and it comes down as heads 99 times, does this prove that it is a two-headed coin? You have to think about the answer.
But the real question is, are make money scams the reason for your money failure?
Job and Ability Mismatch
Let me tell you about my own failures when it comes to making money. I once entered the inkjet cartridge refilling business. I bought a kit to make money, with the vision of expanding my business when there’s enough capital. I thought it was a good deal because my main abilities were technical and well-suited to refilling inkjet cartridges.
So I set up a van, drove round country businesses in Western Australia, and refilled cartridges each week. I’d even drive by some local manufacturers —who had hundred of printers operating— and refill a couple hundred more before driving on again. With that kind of schedule, I expected lots of money.
But the thing is, while I had the technical abilities, I had no salesmanship to speak of. Because of this lacking ability, the business failed. Over the several years of that career, I only made a few hundred dollars.
Looking back was my experience a part of make money scams? These scams do lead to money failure. But I realized that I can’t blame these scams for the performance of my refilling business. I’m just a bad salesman. Other people were successful in this field, which meant that make money scams weren’t to blame. I just had to match my abilities to the job better.
Job Supply and Demand
The next job idea I had was to become a translator. Being a translator usually comes with great money, so I aced my translator exams and quickly joined two professional organizations.
But even with the needed qualifications, work didn’t come in. I didn’t make money. And I wondered, were make money scams to blame again?
I realized that I didn’t survey the market, and what the job opportunities really were. I learned that not all translation equals to great money. If you can translate from English to a third world language, then that’s good. Manufacturers would pay for quality translators who can help them earn money from new third world markets.
But if you can translate from a third world language to English like me, then don’t expect great money. Your clients would be third world manufacturers, who won’t spend the money for quality translators. They’d prefer the cheaper services of local translators, even if English isn’t their native language. So you won’t make much money out of that.
So I earned only a few thousand dollars over two years. Should I fault make money scams? I don’t think so.
Make Money Scams
Of course, money failure really can be because of money scams sometimes. There’s one scam about getting money out of Nigeria, and it offers a lot of promises.
But you can often avoid this kind of failure by recognizing these types of scams. First, if it sounds too good to be true, it probably is. And second, you’d notice that the job offer sounds and looks barely legal. You won’t have the desire to complain about it to the authorities, but you have to be careful. Lastly, you’d notice that they’re advertising for a job that doesn’t require work. But that doesn’t make any sense, which is why it’s a marker for make money scams.
Smart Money and Good Jobs
In the examples above, you give services in exchange of money. And in general, this kind of exchange works well enough. Even if you are a bad salesperson, you’d still get some compensation and profit for it.
But making smart money means getting more than that small amount. If you’re only working at a basic exchange level, the tax man might even return your money to you, asking if you’re earning from a hobby and not a business.
Even if you are a brilliant or mediocre salesperson, you should think harder on how to get more money. Think about why you want to make money in the first place. Is it to get freedom? What kind of freedom do you have with a stressful, overtime job?
One way to make smart money is to sell your business for a large sum of money, use that money to build another, and sell that again to make money.
Another way is through automated income. Here, income is cumulative like a rolled snowball, and it takes no work. It might sound like make money scams, but all it requires is strategy.
And making smart money means grasping opportunities. I found a business that would require my technical abilities but no salesmanship (you wouldn’t find the offer anymore, since the opportunity was open for 26 hours only). If I was too skeptical, I would have missed the offer to make money. Luckily, I knew the vendor in a way and so I took the opportunity right away.
So I’ve gathered a range of articles by many authors to guide you from money failure. Be careful not to be brainwashed by only one author. Like in make money scams, you can’t ask for a refund from an author just because their advice doesn’t work for you. Unless it clearly involves scams, the fault probably lies with you.
So be prepared, look out for the signs ofscams, and match your abilities.