rich-quick schemes are plans to get high returns on small investments. The term "get rich quick" has been used to describe shady investments since at least the early 1900s.
Most schemes create the impression that participants can earn this high rate of return with little risk, and with little skill, effort, or time. Get rich quick schemes often state that wealth can be gained by working at home. Legal and quasi-legal rich schemes are often advertised in advertisements and in magazines and newspapers. Illegal scams or scams are often advertised through spam or cold calls. Some forms of advertising for these schemes market books or compact discs about getting rich quicker than asking participants to invest directly in concrete schemes.
It is obviously possible to become rich quickly if someone is prepared to accept a very high level of risk - this is the premise of the gambling industry. However, gambling offers the certainty of almost completely losing the original stock in the long run, even if it offers a regular win along the way. Economic theory states that the risk-free opportunities for profit are unstable because they will be quickly exploited by arbitration.
Video Get-rich-quick scheme
Illegal
- When there is a lack of pretense in selling a product, many of the rich-fast schemes qualify as pyramid schemes or matrix schemes, which are illegal in many jurisdictions.
- The Ponzi scheme, which is similar to a pyramid scheme and offers an exorbitant return on investment, is equally illegal in many jurisdictions.
- Advanced scams.
Maps Get-rich-quick scheme
Online
Fast-paced schemes that operate entirely on the Internet typically promote "secret formulas" for affiliate marketing and affiliate advertising. This scheme will usually claim that it does not require any specialized IT or marketing expertise and will provide an unrealistic time frame in which the consumer can generate hundreds of thousands, if not millions of dollars.
These natural schemes usually have interesting titles and drawings linked to wealth and luxury to encourage potential victims to pay registration fees that can range from a few dollars to thousands of dollars. A rich quick scheme would strongly imply that consumers will be able to earn more than this small investment when they apply a special secret technique revealed in the training materials they will send. Such training materials are usually in the form of e-books or training CDs.
This scheme rarely works because the material sent to the victim is often just a basic or secondary marketing material that is not a secret or guarantee to make a lot of money online. Often, the initial materials include heavy promotions from expensive seminars or classes, with the implication that not buying these items means the reader is not "serious" or "ready to make money". Sometimes buying buyer's subscription materials to newsletters (or other communications) whose costs are automatically deducted from the bank account used to make purchases each month; usually this condition is buried in fine print, and canceling the subscription is very difficult.
Such quick-loading schemes usually share the same warning indicators that include but are not limited to:
- They will imply that whoever signs up will get rich in a few months to a year.
- They will tell potential victims that the route to success is to follow a "secret formula" that no one else knows.
- They will often claim that they have been viewed on certain websites including Google and YouTube, causing viewers to perceive the website to support the product.
- They will use push tactics to encourage victims to register quickly, such as claiming that there are only a few copies of the remaining CDs, or using a special discount price that is only available for a short time.
- Such schemes often use the tactics of displaying testimonials from "previous users."
- When trying to sign out of their website, users are often presented with pop-up windows that offer further discounts, in an effort to make users feel special.
Another indicator is how the scheme is advertised. Many schemes will post so-called "success stories" on your post-article-own-articles website.
This natural scheme will also be advertised through serial promoters. Serial promoters are individuals who are not directly related to a particular scheme, but will promote from one to the next almost daily. In return, the scheme owners can do the same for them, or if the rich scheme is a Ponzi scheme, the serial promoters will be invited to join early so they can make money from the new recruits.
Examples of such products include the famous Google scam, where this scheme implies that viewers can earn money from home using affiliate ads with Google, or simply post links. This scheme has various titles and will trick users into thinking they are supported or affiliated with Google Inc. through the inappropriate use of trademarks and logos.
Other popular online rich search schemes may include survey taking, where users will complete a variety of subject surveys and be paid for that time. This fast-paced scheme takes advantage of this and often promises that users can earn a good income from doing this, which is not the case. Individuals who take part in survey taking can expect small profits that can supplement other full-time income.
Different tactics are taken by "Clairvoyants" online that offer to unblock psychological or ether blocks to wealth, at a one-time or continuous cost. Each has a different tone, which, buying a lucky charm, earning a lucky number for the lottery, or doing a wealth of interesting rituals, is often displayed. Some "Mystics" like that, under different aliases, operate from Rambouillet, near Paris.
The legality of such schemes is often a matter of extreme controversy. This fast-paced online scheme can not be described as an illegal direct fraud because the majority send the final product to the user, but they use a very misleading sales tactic to get the victim to register. Users should always be aware when signing up for a promising online scheme to show the route to financial freedom, especially if there is an initial investment to be made.
Often online-rich schemes use bait and redirect strategies that invite a particular offer view (feed) and then show a completely different and often lower (switch).
Recently, the rich quick scheme featuring Bitcoin has become very common. Because of Bitcoin's perceived anonymity and rapid growth in popularity, it has attracted the attention of many people who believe they can double or multiply their initial investment every thirty to sixty days.
Lotto's suggestion as rich-quick
Richard Lustig, a seven-time lottery winner from the United States, wrote a 2013 booklet describing the method he calls his best-selling success at Amazon.com. Financial journalist Felix Salmon calls Lustig a "get rich quick" hack.
See also
- Envelope stuffing
- Ripoff
- HYIP
- There is no such thing as a free lunch
- Banking land
- Secret
References
Bibliography
- Leila Schneps and Coralie Colmez, Math is tried. How numbers are used and misused in the courtroom , Basic Book, 2013. ISBN 978-0-465-03292-1. (Chapter Eight: "Mistake number 8: underestimation." Charles Ponzi's case: American dreams, American schemes ").
Source of the article : Wikipedia
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