The vast majority of Bayne Street participants will be new to computers and online opportunities. In future post we will inform you of what you know need to know about your computer. In this post, we will discuss how to evaluate online opportunities; and there are hundreds, perhaps thousands of online opportunities.However, the vast majority will never be listed at Bayne Street. The reason: Our opportunities and programs must have genuine income, savings, products and services for the vast majority. As a Bayne Street participant, you are free to choose whatever appeals to you.
Our basic interest is to make sure we inform you about the pitfalls that exist with many online opportunities and income programs. We do not want any participant to become a victim of opportunities or programs whose only real goal is to separate you from your money. In this post we will also discuss:
1. High Quality, High Prices & Difficult To Sell
2. What To Look For In An Opportunity
3. Identifying CABs (Crash and Burns)
4. Ponzi, Modified Ponzi, HYIPs, Pyramids & Other Money Scams
5. How To Identify A Bayne Street Type Program
6. Why Bayne Street Type Ad Hoc Committees Are Needed
High Quality, High Prices & Difficult To Sell
Many companies offer unique or high quality products that are not found in retail chains or outlets. However, quality cost and many times; even though these products have exceptional quality, the vast majority of people you know may not be able to afford them. Therefore, don't settle for high price items that are difficult to sell.
If you must market one of these great products; because of the value and potential income, make your life easy and the lives of people you know, find a product that sells itself - based on price and quality. You will have no problem with Bayne Street's programs. You have genuine savings and genuine opportunity to offer your family, neighbors and people you know.
What To Look For In An Online Opportunity
Find programs that will not force you to pay money for "Training Kits", "Training Seminars" or force you to take advantage of products or services that you do not need or want. Helping you learn the business should be the priority of any organization or company whose products or services you decide to represent and/or market.
Do some research on the people "at the top" of the organization or company you are interested in. Ask for references and see if the people running the show are honest in their dealings. A company is only as good as it's management. The same applies for it's integrity. Every company or individual should have his/her priorities in order:
(1). GOD
(2). Family
(3). Job
(4). Your Network Marketing Business, Program or Service
Any company that teaches or advocates otherwise has its priorities wrong and will eventually wind up in Chapter 11 or worse. Be wary of companies that are always trying to sell you something or creating program concepts just to sell them to you. Watch out for companies that entice you into upgrading by gimmicks and overstating your actual growth.
Leave companies that claim they have been hacked. 99.99% of the time this is not true, and it is an indication the company is in serious financial trouble. Scrutinize opportunities that claim they can make you millions if you give them money. If these companies could make millions, why would they need your money? Do not send money, or give your vital information to online companies that do not have a legitimate and viable product or service.
CABs (Crash and Burns) are income opportunities and programs that are not designed or developed to last. Their primary role is to make as much money as possible for their developers before closing. CABs will take you for a fast ride to nowhere. 99% of all CABs are money oriented without a viable product or service.
Many CABs claim you do not have to do anything but sit back and rake in money. Be leary of programs that claim they can make you rich without selling, sponsoring, recruiting or learning about their product or service. Be wary of any company that insist you do not use your referral or affiliate link. Look out for companies that insist you mask your link information or use redirected linking tactics. Stay away from companies that encourage you to misrepresent your product, information or service. The vast majority of the time, you are looking at a CAB.
A Ponzi scheme usually offers abnormally high short-term returns in order to entice new investors. The high returns that a Ponzi scheme advertises (and pays) require an ever-increasing flow of money from investors in order to keep the scheme going.
Ponzi was not the first to invent such a scheme, but his operation took in so much money that it was the first to become known throughout the United States. Today's schemes are often considerably more sophisticated than Ponzi's. However, the underlying principle behind every Ponzi scheme is to exploit greed, something for nothing thinking and getting huge rewards for doing little or nothing.
Modified Ponzi Schemes
Modified Ponzi schemes are opportunities that are carefully worded and presented as legitimate income opportunities. Many times you can identify them by their emphasis on income without any effort, training, knowledge or skill. Products or services are rarely mentioned because there are no viable products or services. You earn income simply by purchasing a place in a leg or a line of people. You become enriched or earn income from those coming in after you.
High Yield Investment Programs
Leave companies that claim they have been hacked. 99.99% of the time this is not true, and it is an indication the company is in serious financial trouble. Scrutinize opportunities that claim they can make you millions if you give them money. If these companies could make millions, why would they need your money? Do not send money, or give your vital information to online companies that do not have a legitimate and viable product or service.
Identifying CABs (Crash and Burns)
CABs (Crash and Burns) are income opportunities and programs that are not designed or developed to last. Their primary role is to make as much money as possible for their developers before closing. CABs will take you for a fast ride to nowhere. 99% of all CABs are money oriented without a viable product or service.
Many CABs claim you do not have to do anything but sit back and rake in money. Be leary of programs that claim they can make you rich without selling, sponsoring, recruiting or learning about their product or service. Be wary of any company that insist you do not use your referral or affiliate link. Look out for companies that insist you mask your link information or use redirected linking tactics. Stay away from companies that encourage you to misrepresent your product, information or service. The vast majority of the time, you are looking at a CAB.
Ponzi, Modified Ponzi, HYIPs,
Pyramids & Other Money Scams
Pyramids & Other Money Scams
A Ponzi scheme usually offers abnormally high short-term returns in order to entice new investors. The high returns that a Ponzi scheme advertises (and pays) require an ever-increasing flow of money from investors in order to keep the scheme going.
The system is doomed to collapse because there is little or no underlying earnings from the money received by the promoter. The scheme is named after Charles Ponzi, who became notorious for using the technique after emigrating from Italy to the United States in 1903.
Modified Ponzi Schemes
Modified Ponzi schemes are opportunities that are carefully worded and presented as legitimate income opportunities. Many times you can identify them by their emphasis on income without any effort, training, knowledge or skill. Products or services are rarely mentioned because there are no viable products or services. You earn income simply by purchasing a place in a leg or a line of people. You become enriched or earn income from those coming in after you.
High Yield Investment Programs
A High Yield Investment Program (HYIP) is a type of scam that is prevalent on the Internet. At one time, it was used to refer to an investment program which offered a high return on investment. The term "HYIP" was abused by scam operators to camouflage their scams as legitimate investments. Due to this overuse by scammers, HYIP has become synonymous with Ponzi schemes because payouts are made from income generated by new enrollees.
Pyramid Schemes
Pyramid Schemes
A Pyramid Scheme is a form of fraud similar in some ways to a Ponzi scheme, because it also relies on a disbelief in financial reality, including the hope of getting something for nothing or from very little or no effort. In a pyramid scheme, those who recruit additional participants benefit directly (in fact, failure to recruit typically means no income). People are simply recruited in a chain like the "Chain Letters" that dominated "Direct Mail". Money is sent to people on a list and there is no viable product or service to offer new recruits other than a spot in the chain.
Other Money Scams Online
The types and kinds of online money scams are virtually endless because new ones arise almost daily. All money scams; no exception to this rule, do not offer a legitimate or viable product or service. Remember this "Rule of Thumb": No product, No service, No genuine opportunity.
How To Identify Bayne Street Type Programs
All Bayne Street programs have legitimate products and services. This is the only way to have stable earnings and/or savings. Bayne type programs can have mass participation because income and/or savings do not require sponsoring or recruiting to earn income or realize a savings. Additional earnings can be realized by offering advantages to others. This is left entirely up to the individual.
Why Bayne Street
Type Ad Hoc Committees Are Needed
Type Ad Hoc Committees Are Needed
Local groups like Bayne Street are needed because economic parameters have changed. More and more factories are being built in countries were cheap labor is plentiful, taxation minimal and oversight and governmental regulations are negotiable.
Therefore, community-based sources of income are rapidly decreasing. Consequently, the only method and/or means for individuals to increase their income is online. Committees like Bayne Street, will help thousands take advantage of these legitimate online opportunities and programs.
Additional Information and Support
Online Safety
Finding The Right People
A Success Outline That Has Never Failed
Your Mind-set, The Key To Success Or Failure
