Get rich through cyber space

Easy Money Via ‘Cyber Space’

By Zulkiple Ibrahim

In many ‘get-rich-quick’ schemes, only a few people make money and everyone else loses their entire investments. Many of these schemes are also available in cyber space.

The following is the third in a series of four articles on get-rich-quick schemes.

KUALA LUMPUR, Sept 28 (Bernama) — “Get easy money online”. “Make money while on holiday”. “Let the money roll in for you”.

These are among some of the ‘earn money on the Internet’ schemes where it is claimed that an investor can afford to sit back and do nothing but only wait for the money to roll in.

These schemes are actually among many get-rich-quick schemes advertised on the Internet via emails sent to many cyberspace users.

How can one spot an online quick-get-rich scheme?

Online get-rich-quick schemes, which operate exclusively in cyberspace typically promote ‘secret formulas’ on how to get easy money.

The scheme will usually claim that it requires no special marketing skills and will provide a rather short time-frame in which the consumer could make tonnes of money.

SPECIAL TECHNIQUE?

These online get-rich-quick schemes ‘inform’ consumers that they would be able to earn much more than their initial small investment when they apply the special and secret techniques revealed in the training material that the operators of the scheme will send.

Such training material is typically in the form of e-books or training compact discs (CDs).

These schemes rarely work since the material sent to victims is frequently basic or simple marketing material that is neither secret nor a guarantee for making a lot of money online.

BECOMING RICH FAST?

The operators of these online schemes imply that anyone signing up with them will become rich within months.

Authorities say that these operators tell potential victims that the route to success is by following ‘secret formulas’ that no one else knows about.

“They will also use pressuring tactics to get you to sign up quickly, such as claiming that there are only a certain amount of copies of a CD left, or using special discount prices that are only available for a short period of time,” says a financial consultant, Paul Leong.

“Schemes such as this will often employ the tactic of displaying testimonials from ‘investors or users’ who have struck it big,” he explains, adding that many such schemes will post so-called ‘success stories’ by people who had subscribed to the investment plan.

SURVEYS

Other popular online get-rich-quick schemes can include survey-taking, wherein a user would complete surveys on varying subjects and get paid.

“Get-rich-quick schemes take advantage of this and often promise that users can earn a good income from doing this, which is not the case,” says Leong.

He says that individuals who partake in survey taking can expect only small income.

“Always, remember if you want to make money online, it is going to take some hard work and dedication,” says Leong.

Why are people so easily attracted to promises of making money fast when they know they can get scammed by a get-rich-quick scheme?

“People are attracted to promises of making money fast because just about everyone wants to get rich quickly and they let themselves believe that it is possible.

“Those who create these programmes and opportunities know that all they have to do is make outrageous promises of wealth and there will always be plenty of unsuspecting victims willing to send in their hard earned money,” he explains.

NOT EASY

Leong says that making money online is not an easy option and people are actually lying when they tell others that can make money quickly.

“Only a very small number of people who try to make money online are able to quickly find a high rate of success. The chances of the same happening to many people are slim to none,” he adds.

— BERNAMA

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