Once you start to hear the words "income" and "millions in earnings," you can expect the scammers to be like vultures waiting for their next prey. The worst thing you can do if you plan to start your own online business is pretend they don't exist or turn a blind eye and say, "It's not going to happen to me." Instead, realize that it can and get ready!
From 2005 to 2009, the number of reported online scams rose from 100,000 to 300,000 a year. Over 9% experienced advance fee payments and 14.4% on identity fraud. Sadly most of the scammers are located in the U.S. However, this statistic is quickly changing to include scammers from Asia and Africa too.
Protect Your Commission
The first rule you must understand is to not trust anyone with your personal and financial details. Your passwords, personal details, and financial data should only be given on a "need-to-know" basis. In fact, if you happen to experience a virus or threat on your computer, change all your passwords immediately. For those who insist on using the same password for everything, just do one thing: use a separate password for online finances if you're having problems remembering passwords.
Secondly, recognize affiliate programs that may be a scam. Some of the tricks used by scammers targeting affiliate marketers are:
Unusual high commission rates; even higher that the price of the product. The general guideline is that eBooks can legitimately offer as much 75%, consumers products typically offers 15% maximum, and software typically pays as high as 30%. Payout of commissions should be within a reasonable amount of time and under a minimum amount that isn't too high. The fact is, it is being smart for an affiliate program to set a minimum payout amount but if it's too high, then there's something wrong. Also, the commission rate per product should be commensurate to the minimum withdrawable amount. If you're earning 5% on a $20 product and you have to reach $100 before you can cash out, you're never going to see that commission in your bank. The company may be legitimate but they're unscrupulous because they're earning interest on money that should be in your hands.
Thirdly, unpaid invoices or bouncing checks are really bad signs and if your affiliate partner refuses to pay your commissions that are owed, you need to skedaddle away very quickly from that program.
Finally, if for any reason, the company asks for an upfront fee, don't pay it. The only reason you should ever pay anything is to purchase the product or service to try it out. Always verify the reason they are requiring payment because it shouldn't cost anything to sign up with an affiliate program. One way you can test your affiliate partners' credibility is by researching the company: call them, hunt down reviews, check the BBB. If you see any red flags run don't walk to another partner.
To sum up, in one time or another, almost everyone was approached by a scammer. There are different types of them, one can be very easy to spot, on the other hand, others are genuine and cleverly disguised. Just remember, that most of scams start to work only after you do something. So, always have in mind not to trust people in internet environment with your personal details or financial data, always do good research about the affiliate program which you use and do not pay any suspicious fees or costs.
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Lina Stakauskaite works at Click2Sell (www.click2sell.eu) Affiliate Programs Network. Click2Sell is a trustworthy affiliate programs network which allows you to find the best selling affiliate marketing products online. Visit Click2Sell Affiliate Network and find out how safely generate high income while promoting products.
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