Online Earning Possible? (2)

In my last post, I promised to share my knowledge about how one can make substantial income online. You can make money through:

            - HYIP (High Yield investment Program)

            - Online Surveys and tasks

            - Online businesses which involves an offline transportation of the goods bought or online use of services rendered like eBay, amazon

            - Other investment businesses like procurement of shares 

HYIPs – all the businesses included here share a major trait – one is required to deposit some amount of money (the minimum is usually $10 although some are higher than that). The amount of money one deposit is termed ‘Investment’. Their mode of operation is that every day the depositor will accrue some percentage based on the amount deposited (maybe 1 – 3% or less). This accrual continues depending on their duration. Thus at times, one may be fortunate enough to gain double or rarely, almost triple of your money. The success in HYIP depends on two factors: Luck and Experience.

Because of the high gain involved in HYIP. At times, it doesn’t last long. The best ones usually last between 6 – 8 months, then it folds. This is because the owners don’t spent time thinking about what to do with the deposit people made. They prefer to embezzle them. Making the HYI program a gambling instead of the real business it should be.

A good example is the defunct www.Linumfund.com . (Please search this website through the google search engine. It’s now defunct). The owner probably didn’t plan on doing something tangible with the deposits gotten. That’s why the program lasted for 23 days! We have some other ones similar based on the same mode of operation. 

 This write – up will be continued in my next post.

*Every ‘Earning forum’ (“Business”) has some levels of risk attached.

 

* for details on an online business that is pretty high on my trust list – click HERE