How to Avoid HYIP Scams

We all love to make money online but there are risks also. High Yield Investment Program (HYIP) is one of the fastest way to make money online but sadly, it’s also one of the fastest way to lose money online. 

Quite a lot of people have asked me to give them a High Yield Investment Program site thay pays well but I simply can’t. It wouldn’t speak well of me giving you a site that pays you today and turns out tomorrow to be a big scam. It’s rather better showing you how to know the real ones from the fakes but the difference might just be too hard to tell at times.

However, there are basic things to look out for when investing in a HYIP site:

1. You must be aware that a new program might turn out to be a scam as there are no testimonies yet. This doesn’t imply that all new high yield investment programs are unreliable, I’m only trying to say that older ones with a good record are always better.

2. Take time to run some little research on the site you’re about to invest on. You should take your time to check whois record for the domain, when it’s about to expire and so on.

3. Don’t be too greedy! Investing in HYIP that promises 500% interest in ten days is most likely to be a scam. Try to use the power of your mind to discern what is real from a purely fake scheme to get a big chunk out of your hard earned money.

4. Diversification – the concept of spreading the money over a number of different investments or investment programs in order to reduce risk. It’s the idea that one shouldn’t put all of your eggs in one basket. Diversification is a good way to reduce your risk exposure to the market.

 

5. The most important rule is to always monitor your HYIP. There are several sites that does thin on the interent where scam HYIP programs are reported and blacklisted. You also get to know the status of your HYIP whether they are paying or not and how log they’ve been in business. Such HYIP monitors include:

-hyip.com
-hyipexplorer.com
-hyipdata.com
-hyiprogram.com
-hyipmonitor.com

There are other hyip monitors as well where you can get fairly accurate ststistics about the HYIP you’re investing into.

6. The last rule is to follow your instincts, if you know you’ve got a good one.

Invest wisely!

Paid Surveys – Are They All Scams?

I used to hunt the internet for survey sites looking where to sign up and make easy money online. I would spend hours taking surveys, struggling to qualify, lying about what I have and what I don’t just to get paid. Some pay, some don’t and some make you go through hell before giving you a cent. It got to a stage that I totally got tired and decided to ditch those survey thingy and face google adsense alone.

Survey sites tell you how will earn money from sitting back on your couch filling out surveys. However they fail to mention the small but important details like qualifying for surveys, filling them out immediately and most importantly, the fact that many don’t offer cash prizes.

 

At this point I don’t want you to get it all wrong. I’ve got paid by one or two survey sites through paypal but it takes a whole lot of commitment to get anything out of online paid surveys. There are certainly reputable survey sites that pay decently but I just stopped paid surveys due to time constraints. I’m not here to discourage you, it’s just to give you my honest view and buttress the fact that you should be careful with paid surveys.

Now, talking of paid survey sites where you are asked to pay a certain amount of money before getting a particular survey, based on my own experience and research online, a huge number of them are scams because they are charging you for information that you can easily find yourself for free if you just take the time to search a little on the internet.

Typically survey takers only generate $30.00-$300.00 a month and that is only after signing up with over 40 different survey programs. The $300.00 a month survey takers have been at it for a long time and qualify for many different types of surveys, and panels.

There are qualified programs on the internet that do teach methods and are not very expensive, but surveys is one that is being exploited by many.

There are surveys that you do not want to sign up for that are commonly on the paid lists. These types of surveys are not really free. They often require you to purchase an item or sign up for a membership before you can get rewarded for taking the survey, or before you are even allowed to take the survey. My best advice. Stay away from these types of survey programs.

Legitimate free paid survey companies never ask for a credit card or ask you to complete an offer before you can receive your earnings. Some free paid survey lists do include offer sites and do result in their users getting email offerings.

I’ll definitely explain steps to follow before signing up for any online survey in one of my next posts.