There are some home based business ideas to avoid that you need to know about whenever you are looking to work from home. In a moment of desperation, some of these ideas may look good to you. However, be aware of why you should steer clear of the following home based business ideas.
Business Idea #1: Secert Sharing
These work from home businesses will offer to share secret strategies or insider secrets so that you can make a lot of money. They will charge you a few hundred dollars in order to learn these secrets. Unfortunately, once you have paid them this fee, you will find that this is information that you could have found online for free.
Business Idea #2: Stuffing Envelopes
You may see it advertised that for $5 you can find out how to earn money stuffing envelopes at home. This is an outright scam because there are no legitimate businesses that will pay you $5 per envelope for this type of work. Machines are able to do this task for a small fixed cost at a faster rate. Instead, what you will get whenever you send for this work (from home package) is information on how you can get paid by other people who would like to know how to work from home stuffing envelopes. Therefore, in order to make your $5, you will have to run the same type of scam that has just been ran on you.
Business Idea #3: Lending Out Your Bank Account
There are emails being sent today offering to send you a cashiers check or a foreign check that is worth a few thousand dollars. The scammers want you to deposit this money into your checking account and then either write them a check or do a wire transfer for the majority of the amount. You will then be allowed to keep the rest of the money as your payment. Beware! The check that they send you is never good. By the time you discover this, the scammers may have already cashed the check you've written and obtained money from your bank account. Now you are not only responsible for the money, you are also in trouble for laundering money and passing bad checks.
Business Idea #4: Huge Money To Be Made
Some businesses claim that you will be able to make a lot of money working for them. Theoretically, this may be possible but it is unrealistic, especially if you don't have a background in business or marketing.
Business Idea #5: Wealth with No Sales
There are some companies that claim you will not have to do anything but sit back and watch the money come in. However, if you are not selling anything, then where is the money going to come from?
Business Idea #6: Double Your Money
Before the advent of the Internet, this was known as a Ponzi scheme, which is illegal. While the first few people who fall for this type of a scheme may actually make their money back, the last people will not even be able to break even.
Now that you know what home based business ideas to avoid, you will be able to steer clear of them. You will also be better equipped to find a real business that will help you to legally earn an income as you work from home.