Just Over Broke

Written by Bob Osgoodby

You probably get hundreds of emails a week promising great riches. "Financial Freedom", "Earn Money While You Sleep", "Be Your Own Boss", "Create Your Own Destiny", "Escape Your Dead End Job", "Be Able to Watch Your Kids Grow Up While Making Money", "Work at Home", are all common headlines. Are these statements true?

First, let's have a reality check. Today over 90 percent of start-up businesses onrepparttar Internet fail withinrepparttar 127584 first year. The majority of these fail in a few short months. Why?

The answer to this is simplistic. Many people are conned into a program that cannot succeed without sellingrepparttar 127585 same program to other people. This is a typical example of a pyramid, and when you run out of suckers to sellrepparttar 127586 program to, you are out of business.

Others jump into a program without finding outrepparttar 127587 particulars first. Envelope stuffing is a perfect example. You are promised one dollar for every envelope you stuff. With visions of "sugar plums dancing in your head", you figure you could do hundreds a day. Let's face it - machines can stuff thousands an hour. Why would someone pay you a dollar apiece? They won't - it's a con - pure and simple.

Some might stumble on a legitimate venture - yes there are some out there. But they followedrepparttar 127588 "Earn Money While You Sleep" routine. They believe if they follow some simple directions, they will be "rolling in dough" without having to do any work. Whenrepparttar 127589 postman isn't filling their mailbox with $20 bills, they lose heart and quit.

Others might buy some "obsolete government reports" on a CD and believerepparttar 127590 "rap" that they can sell each one for $15 a pop. They get a free email account, a free web site, and are in business with justrepparttar 127591 cost ofrepparttar 127592 CD. That business might last a week.

The ones I get a kick out of are where they "front load" you with merchandise. You could have thousands invested before you realize you have been taken. Most ofrepparttar 127593 people trying to sell this deal, are only trying to recoverrepparttar 127594 money someone else conned them out of, and hope you will be gullible enough to let them fleece your pockets. Anybody want to buy a "water filter"? I know someone with a garage full.

Read the Fine Print

Written by Bob Osgoodby

We all hearrepparttar stories about how E-Commerce isrepparttar 127583 wave ofrepparttar 127584 future, and what we must do to compete. Yes,repparttar 127585 smallest "Mom and Pop" business can compete againstrepparttar 127586 "Big Guys" and make a respectable buck or two. As I'm sure you have, I get email everyday about how important it is to be able to accept credit cards on line.

And guess what - this is true. Not only should you be able to accept credit cards, but also online checks. When a person decides to buy, you have a very narrow window of time for them to completerepparttar 127587 order. If you can allow them to make their purchase and pay for it online, you have a great chance of gettingrepparttar 127588 order. However, if they have to write a check and mail it to you, there is a "cooling off period" and you may not getrepparttar 127589 order.

So we all agree that accepting credit cards is a good tactic for an online business. To do this, you must have a merchant account, and here is where some people get into trouble.

You receive an unsolicited email (spam) that says they will act as your agent, and will accept credit cards and checks on your behalf. They then go on to say they will depositrepparttar 127590 money in your account within two working days. If you join withinrepparttar 127591 next 48 hours, they will waiverepparttar 127592 usual $695 set up fee and give it to you for only $39.95 - there will be no monthly fees and they'll only charge you 1.75% ofrepparttar 127593 sale - wow what a deal.

I had a call this week from someone who did just that. Now here is what happened. He didn't readrepparttar 127594 "fine print" and when he signedrepparttar 127595 agreement, he actually authorized them to charge his bank account for $295 security which was non-refundable if his account was cancelled, plusrepparttar 127596 $39.95 set up fee.

Nowrepparttar 127597 plot thickens. He submitted about $1,500 in charges andrepparttar 127598 money never showed up in his bank. In coversation with his bank representative, he then found out aboutrepparttar 127599 $295 charge to his account. He called his supposed contact atrepparttar 127600 credit card company, found out that they were an independant sales agent, andrepparttar 127601 $39.95 was not a set up fee, but a referral fee. When asked aboutrepparttar 127602 $295 charge, his contact pleaded ignorance, told him he would have to callrepparttar 127603 Company direct, and was given their number.

He calledrepparttar 127604 Company, asked aboutrepparttar 127605 $295 fee, and was told there was no one there at that time to answer his questions, but they would call back. He then asked aboutrepparttar 127606 status ofrepparttar 127607 charges he hadn't received, and was told he would have to fax additional information and proof of delivery of his product. He did this.

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