Nigerian willing
to make money on the internet, but
not really sure of what to do or
which money making scheme to
join
or avoid? Then, this article is for
you...
While I don’t claim to know all
when it comes to making money
online,I think I know a little when
it
comes to money making schemes
that doesn't work for Nigerians
based on my personal experience
and that of some people I have met.
I know this post will raise some
sort
of arguments but I just want to
bare my personal thoughts on this
subject …no harm
intended.Okay,let's ride on....
It is quite obvious that many
Nigerians are experiencing
frustration today making money
online because they do not have a
model to guide them. Hence,they
jump from one internet scheme to
another.You may have even tried
several of those “get rich quick”
schemes and maybe tried to sell
others products on your own
website or blog, but my guess is,
you have had limited success.
There are many websites or blogs
that claim they can show you how
to make thousands of dollars a day
and retire in a month, but having
tried several of those schemes
myself, I have realized that a
handful of them are complete craps
and I would strongly recommend
that you save yourself your time
and money, as most of them are
complete scams!
Have you seen these kinds of ads
before?
• Earn $300,000 in 6 months!
• Earn up to $1000 a day just
inputting Data into online forms
• Get paid to hundreds to Complete
Surveys!
• Earn $200,000 in 12 months just
reading emails!
• Spare a few hours a day to fill in
a few envelopes and earn $500 a
week!
• Great Work at Home opportunity
- earn £200 a day.
We'd all love these ads to be true,
but sadly most of these turn out to
be bogus and not worth the paper
they are written on. I ’m sure
there
are legitimate companies out there
that will offer you work if you
want it, but unfortunately, I never
found one and the ones that I did
try, all turn out to be bogus and
will
happily take money off you under
false pretences.
From my wealth of experience on
internet, there are a couple of
internet schemes that will not
work
for Nigerians. They include HYIP
(High Yield Investment
Programs),Paid Survey, Paid to
read emails, Paid to surf program,
Data entry and the likes....
Now, lets look at these stuffs one
by
one....
1. Earn $300,000 in 6 months!
Guess you are skeptical, right?
Absolutely!
If you type in “Make Money" in
Google, you will find a host of
these
companies promising you the
world.
In a number of cases they will
baffle you with lots of jargon and
tell you that you can create an
automated income stream and that
you can earn thousands a week.
Strangely enough though, you
have
to buy something off them first -
guess what? In most cases it ’s an
ebook! I have looked at a few of
these Get Rich Quick plans and in
my experiences, whilst they do
offer some good advice, they don't
really give you enough
information
to earn the millions that they
claim,
but they do generally point
towards
you buying more ebooks or
spending more money on other
pieces of software, which they
have
an affiliation with.
Don't get me wrong, the content in
many of these ebooks is pretty
good
and you can learn quite a bit, and
another great thing is that they do
tend to offer you money back
guarantees, but don ’t be fooled by
their devilish claims – it’s highly
unlikely that you will earn
$300,000 in 6 months.
HYIP-High Yield Investment
programs also fall in this category.
They request you invest some
money and then promise that you
will be getting some yield weekly
or
monthly as the case may be.
Most of these programs initially
try
to makes sense initially but as
time
goes by,the website disappears
from
the internet and if you invested a
lot of money,you are left to lick
your wounds.The funniest part of
these schemes is that most of them
do not really put real traceable
contact info on such websites,
hence
no way to trace them when they
disappear into the thin air.
Can you still remember those
companies that came to Nigeria
some years back, asking Nigerians
to invest some money and they
will
double the money they invest after
some months ? You will agree with
me that initially, their stuffs
worked but before most investors
could really know what was
happening, they were no where to
be found up till today. Those ones
are just the offline types of such
HYIP websites online these days.
So,
be wise.
2.Get Paid to complete Surveys.
I have also tried this one and to be
honest, there is no scam involved,
but the promises of earning $50/hr
etc fall very short of the mark. I
have completed around about 50
surveys, my emails are now
bombarded by companies
marketing
their products and I have only ever
received $10.If you have some
spare time, why not, but $50 per
hour - please!!!
More so,because of those spam
mails I now receive all the time, I
was forced to open another email
address. So, how will you feel if
this
happens with an email address you
would not like to let go? Bet, you
will have to be dealing with
deleting
useless emails for some minutes
before you even notice the real
emails from your friends.
For Nigerians,it’s a pure waste of
your precious time to involve
yourself in surveys because most
survey programs don’t accept
Nigerians even if they claim to
send payments by check. Even if
you use a foreign address,most
times,they end up tracing where
you very well with their
sophisticated scripts.Hence, they
will give you silly excuses why
they
will not be able to process your
payment once its time for them to
send you your earnings.
Won't this get you mad after
burning loads of money and time
probably at cyber cafes?
Absolutely!
And for most Survey programs,you
need paypal to collect your
earnings and Nigerians are not
allowed to use paypal and off you
go to open and verify paypal
account using virtual address and
virtual credit cards but I honestly
won ’t advise you to open a paypal
because I have heard too many
paypal horror stories. Forget all
those adverts about verifying your
paypal account as a Nigerian. Most
of those guys selling those infos
are
just doing it to recover some of the
money they have lost to operating
paypal account from Nigeria.
One day,paypal will request for
proof of your residence. Come to
think of it,how do you prove an
address in which you neither
reside
nor work? Which ID, International
Passport or proof will you show
that will have the virtual address
you used on it ? God help you if
you
have a substantial sum of money
in
your account as it will become
history from that point.If you just
want to know the tricks been used
to open and verify paypal in
Nigeria.
Read HOW TO OPEN AND VERIFY
PAYPAL IN NIGERIA and if you
interested in some horror stories of
paypal, visit www.paypalsucks.com
3.Paid-to-read-emails.
Those behind these scheme promise
to pay you to read emails. The
moment you sign up for one,they
flood your email with so many
mails that most times,you end up
abandoning that particular email
to
open another one.
For me,it’s another time waster as
some of them allegedly pay only
after you have earned a huge sum
of money reading mails. Why don
’t
you pay me if I earn $50 or less?
Why must I make $100,000 to be
paid. These are all elements of this
business which I honestly don ’t
understand.
I know I will get paid at the end of
the month if I make $100, running
Adsense program right here in
Nigeria.That is acceptable by me ,
not all those Paid-to-read-emails
that would want you to make $100,
000 before you can be paid. Aint
this crazy?
4.Data Entry.
Their own promise is, fill some
forms and we will pay you.Enter
data for us and you will be
paid.Most of them request you to
pay to join .I know one of such
sites
that you pay to $50 to join and
when you login as a member,you
are requested to buy so-called
" training materials" that will
help
you understand data entry
business
for $40.God help you if you are not
able to pay for the training
materials,your initial registration
payment will go down the drain.
If you eventually pay for the
training materials, you will
receive
them by email automatically and
you will see that it will just be
some
simple ebooks showing you how to
place free ads online which were
exactly like the one you had
responded to - this is the so-called
"Data Entry".
Anybody that responds to your
ads,
would pay you $50 for the same
"training materials" that you had
received and they would then be
doing the same job as you. If you
look at some Free Job sites, you
will
probably find hundreds of these on
there - because the majority have
fallen foul of this con and are just
trying to get their money back
from some other poor person.
My recommendation to 99% of
Nigerians would be to give them all
a miss!
Summary
The underlying theme for most of
these sites is to help you part with
your money. Remember, a lot of
these websites are being advertised
on the first page as sponsored ads,
which means that they are paying
to be on there. Common sense tells
you that if they are paying to be
found there – then they must be
making money from visitors – i.e.
YOU!
Formerly,e-gold was the currency
of choice for most of these con
schemes but they seem to be using
liberty reserve now. This doesn't
in
any way affect the legality of
Liberty Reserve. I use Liberty
Reserve and I strongly recommend
you to open a free account today as
there are lots of better things you
can do with it . Do you know that I
even do make some little money
for
myself atimes just helping some
people to fund their Liberty
Reserve
account? Well, this is just a clue to
some better, real ways you can be
making yourself some real money
online, right here in Nigeria.
Just because someone shows you
pictures of money, nice cars, flash
houses , it doesn’t mean to say that
any of that will come true for you.
If I show you lots of pictures of
money or edited pictures of
cheques that even don't belong to
me – do you really think that
makes any difference – they’re
just
conning you with their marketing
gimmicks.