Maybe you’ve been watching television shows on “flipping” houses and think you’d be good at it. Or maybe you’ve been reading about stocks and want to try your hand at the market. You might read some books or listen to some podcasts, but there’s something appealing about sitting in a room with actual experts for a day or two, learning from their experience, and becoming an expert yourself, quickly.
It’s easy to get drawn in by charismatic presenters, success stories and testimonials. The promises made in promotional materials can be tempting:
The seminars themselves may not be scams – you’ll go to an actual seminar and learn about the things they promise you’ll learn about. But the promises made about your resulting success and the high-pressure tactics used to get you to buy products or invest in programs are problematic.
The excitement of a room full of people who believe they are about to make a lot of money can be contagious, but there are things you can do to make sure you don’t get caught up and spend money you’ll regret later:
Keep in mind, a legitimate business will portray an honest picture of the opportunity, including the possible risks, rewards, and challenges. A business opportunity scheme, however, will enthusiastically sell you on the promise of making tons of money with very little effort. Before getting caught up in the hype, take some time to check things out.
For more tips you can trust, visit bbb.org.
Kelvin Collins is President/CEO of the Better Business Bureau serving the Fall Line Corridor, serving 77 counties in East Alabama, West Georgia, Southwest Georgia, Central Georgia, East Georgia and Western South Carolina. This tips column is provided through the local BBB and the Council of Better Business Bureaus. The Better Business Bureau sets standards for ethical business behavior, monitors compliance and helps consumers identify trustworthy businesses. Questions or complaints about a specific company or charity should be referred directly to the BBB at Phone: 1-800-763-4222, Web site:www.bbb.org or E-mail: firstname.lastname@example.org