Be Careful Of Website Flipping Investment Sites!
WEBSITE FLIPPING HYIP is realy becomming a serious problem, and so many innocent people fall for these SCAMS. Once again the promise of making BIG BUCKS for doing absolutely nothing is getting the better of innocent investors.
This is nothing new, and has been going on for at least ten years. Don't waiste your money on these programs, they are all PONZI schemes masked as WEBSITE FLIPPING. They usualy promise huge returns on small investments, and will pay the first members that join just to get them promoting and get the snowball on the roll.
A close personal friend of mine does WEBSITE FLIPPING for a living, the LEGIT way. He buys small websites for a reasonable price, starts modifying the site by adding relevant content and does SEO on the site. Once the site starts generating a good income he sells (FLIP) it for a good profit.
Real WEBSITE FLIPPERS don't share their revenues with RANDOM INVESTORS, they simply don't need to! They start out on small projects and build their capital up to tackle larger projects. It doesn't make one bit of sense for WEBSITE FLIPPERS to take on DEBT from a bunch of payment processors like Liberty Reserve and Perfect Money, work their butts off, and then dish out the majority of their hard earned cash to people that did absolutely nothing but send them a couple of dollars!
So the next time someone invites you to one of this CRAPPY programs, delete the message. Stop being a victim to these SCAMMERS, WAKE UP. Money does not grow on trees and you will have to work for it online just as you have to offline.
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Comments (24)
Marko S.11
Web Presence Provider
Agree. I had very bad experience with that kind of online opportunities.
Cheryl Baumgartner12
Medical Billing/Coding/Insurance
You know the drill we warn and the shills and marks keep promoting them with dollar signs in their eyes. Then when the sh*t hits the fan they stand there and wonder why they got scammed. It's a shame because the warnings are there but the greed seems to win out every time.
Paula van Dun16
Retired
Thanks for posting this warning. I hope many will read this.
Rosyel S.10
Financial Advisor, Blogger
Thank you for this. It is a must-read esp. for newcomers in the field.