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Have you come across a website called Legit Online Jobs? It is a scam or it’s for real?
Before I continue, I need to tell you that this is not a review site trying to lure you into reading this page and then convince you to buy Legit Online Jobs. I haven’t tried it and am in no position to say if it works or not. I’m just using this product for discussion purpose.
How to identify online scams?
In the past, it was pretty easy to identify scams. Scammers usually use beautiful stock photos for their testimonials. Their graphic editing skills are so poor that it is obvious that the earning proofs are doctored.
However, today’s scammers are smarter and they can produce fake testimonials and fake earnings like real!
The only way to decide whether a product is a scam is by studying its business model.
Below are some online business models typically used by scammers (or I should say opportunists).
1) Ponzi scheme
A Ponzi scheme usually takes money from you and promises that you will earn more later. The extra money paid to you usually comes from the subsequent members who join the scheme. This means new members are supporting old members.
For example, if a company promises that you will earn $500 every month and you only have to invest $10,000 one time, it’s obviously a scam.
Such a business model is not sustainable and the company will soon run out of cash. Yet, many people choose to believe in such a model.
Nowadays, there are many different forms of Ponzi scheme, from HYIP to paid autosurf programs.
Basically, when joining such programs, you have to ask yourself whether the business model is sustainable. If you can’t think of a logical reason why the business is sustainable, chances are it’s a scam.
2) Make money taking surveys
In this model, you buy an ebook that ask you to sign up many surveying companies. When you answer the surveys, you will make money.
This is not really a scam, unless the author uses fake earnings and fake testimonials. But it is definitely not the correct way to make serious income online.
3) Make money typing at home
In this model, you buy an ebook, in which you are given a list of companies and many sample ads. All you have to do is type the ads into Google Adwords campaigns and money will roll in.
Again, I can’t say that it’s a scam. But chances are you will lose money.
What you are doing is a form of affiliate marketing, where you advertise for companies and make a commission out of it. Affiliate marketing is definitely a legitimate online job but it is not as easy as typing a few sample ads and make money automatically.
4) Make money promoting the author’s ebook
In this model, you buy an ebook that teaches you how to promote that ebook. Usually, the author will include other information such as how to build and promote a website. But the main focus of the ebook is to promote the book itself.
A few years ago, there was a product called Ultimate Wealth Package. It uses such a business model and is now banned in Clickbank. Ultimate Wealth Package may be banned, but there are many other products with a similar model.
So Is Legit Online Jobs A Scam?
I need to be frank with you that I’ve seen my advertisers making money simply advertising this product, Legit Online Jobs. The salescopy is well written and there is no doubt that it’s pulling a lot of sales for its affiliates. Apart from that, I see some similarity between this product and the business models I’ve mentioned above.
I am not saying it’s a scam. As I said, I’m just using it as an example for discussion. In fact, I got to be fair and say that this website has been in operation since 2006 and it’s still doing well. You will be your best judge.
I know some of you may disagree with me. Go ahead and discuss your view on Legit Online Jobs, or any scam you have come across, in our comment section below.